MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAPAN RADIO CO., LTD. |
|
|
|
|
Registered Office : |
Fujisawa Bldg., 4-30-16, Ogikubo, Suginami-Ku, 167-8540 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.10.1949 |
|
|
|
|
Legal Form : |
Public Subsidiary Company |
|
|
|
|
Line of Business : |
manufacturer and sale of wireless communication
equipment |
|
|
|
|
No. of Employees : |
3758 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic,
mastery of high technology, and a comparatively small defense allocation (1% of
GDP) helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. 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. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan 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 and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 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 2012. The new government will continue a longstanding debate 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
Japan Radio Co., Ltd.
Fujisawa Bldg., 4-30-16, Ogikubo
Suginami-Ku, 167-8540
Japan
Tel: 81-3-68321721
Fax: 81-3-68321844
Web: www.jrc.co.jp
synthesis
Employees: 3,758
Company Type: Public Subsidiary
Corporate Family: 84
Companies
Ultimate Parent: Nisshinbo Holdings Inc.
Traded: Tokyo Stock Exchange: 6751
Incorporation Date:
01-Oct-1949
Auditor: Deloitte Touche Tohmatsu LLC
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 1,264.8 1
Net Income: (23.3)
Total Assets: 1,152.5 2
Market Value: 398.9 (05-Apr-2013)
Business Description
Japan Radio Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of wireless communication equipment. The Company manufactures and sells the wireless communications devices, wireless application appliances, electronic application appliances and electronic components, as well as provides installment and maintenance services and logistics management services for equipment and components. The Company’s main products include the marine equipment such as maritime satellite communication equipment, shipboard communication equipment, shipboard radars and fishing equipment; the communication equipment such as transmitting amplifier devices, subscriber radio devices and wireless phone devices, as well as the solutions and special equipment such as broadcasting systems, water and river information systems and road information systems. As of March 31, 2012, the Company had 11 subsidiaries and four associated companies. For the nine months ended 31 December 2012, Japan Radio Co., Ltd. revenues increased less than 1% to Y53.27B. Net loss applicable to common stockholders decreased 16% to Y3.94B. Revenues reflect Marine Equipment segment increase from Y7.23B to Y19B, Solution Business segment increase from Y6.36B to Y16.91B, Marine Equipment segment increase from Y3.25B to Y11.33B. Lower net loss reflects Other segment income increase from Y383M to Y795M.
Industry
Industry
Miscellaneous Fabricated Products
ANZSIC 2006: 2149 - Other Basic
Non-Ferrous Metal Product Manufacturing
NACE 2002: 2745 - Other
non-ferrous metal production
NAICS 2002: 335929 - Other
Communication and Energy Wire Manufacturing
UK SIC 2003: 2745 - Other
non-ferrous metal production
UK SIC 2007: 2445 - Other
non-ferrous metal production
US SIC 1987: 3357 - Drawing and
Insulating of Nonferrous Wire
Key Executives
|
Name |
Title |
|
Takayoshi Tsuchida |
President, Executive Officer, Representative Director |
|
Keimei Kojima |
Executive Officer, Director of Marine Machinery Business, Director of
Marine Machinery Sales |
|
Kenji Ara |
Executive Officer, Deputy Chief Director of Business |
|
Ken Koarai |
Executive Officer |
|
Kazunori Baba |
Corporate Auditor |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
2 |
Japan Radio
Co Ltd to Sell Property; Announces Extraordinary Profit for FY 2013 |
21-Mar-2013 |
|
|
1 |
30-Jan-2013 |
||
|
1 |
Japan Radio
Co., Ltd. Amends Full-year Consolidated Outlook for FY Ended March 31, 2012 |
27-Apr-2012 |
|
|
1 |
Japan Radio
Co Ltd Amends Consolidated Full-year Forecast for FY 2013 |
4-Feb-2013 |
|
|
1 |
25-Mar-2013 |
* number of significant developments within the last 12 months
News
|
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
Corporate Overview
Location
Fujisawa Bldg., 4-30-16, Ogikubo
Suginami-Ku, 167-8540
Japan
Tel: 81-3-68321721
Fax: 81-3-68321844
Web: www.jrc.co.jp
Quote Symbol - Exchange
6751 - Tokyo Stock
Exchange
Sales JPY(mil): 99,871.0
Assets JPY(mil): 94,953.0
Employees: 3,758
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous Fabricated Products
Incorporation Date: 01-Oct-1949
Company Type: Public Subsidiary
Quoted Status: Quoted
President,
Executive Officer, Representative Director:
Takayoshi Tsuchida
Industry Codes
ANZSIC 2006 Codes:
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
5610 - Radio Broadcasting
5809 - Other Telecommunications Services
2429 - Other Electronic Equipment Manufacturing
2412 - Medical and Surgical Equipment Manufacturing
5802 - Other Telecommunications Network Operation
NACE 2002 Codes:
2745 - Other non-ferrous metal production
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
6420 - Telecommunications
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
335929 - Other Communication and Energy Wire Manufacturing
517212 - Cellular and Other Wireless Telecommunications
515112 - Radio Stations
334413 - Semiconductor and Related Device Manufacturing
334510 - Electromedical and Electrotherapeutic Apparatus Manufacturing
334411 - Electron Tube Manufacturing
517410 - Satellite Telecommunications
US SIC 1987:
3357 - Drawing and Insulating of Nonferrous Wire
4812 - Radiotelephone Communications
3674 - Semiconductors and Related Devices
4899 - Communications Services, Not Elsewhere Classified
4832 - Radio Broadcasting Stations
3671 - Electron Tubes
3845 - Electromedical and Electrotherapeutic Apparatus
UK SIC 2003:
2745 - Other non-ferrous metal production
6420 - Telecommunications
3210 - Manufacture of electronic valves and tubes and other
electronic components
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
UK SIC 2007:
2445 - Other non-ferrous metal production
6110 - Wired telecommunications activities
2611 - Manufacture of electronic components
3250 - Manufacture of medical and dental instruments and supplies
Business
Description
Japan Radio Co.,
Ltd. is a Japan-based company mainly engaged in the manufacture and sale of
wireless communication equipment. The Company manufactures and sells the
wireless communications devices, wireless application appliances, electronic
application appliances and electronic components, as well as provides
installment and maintenance services and logistics management services for equipment
and components. The Company’s main products include the marine equipment such
as maritime satellite communication equipment, shipboard communication
equipment, shipboard radars and fishing equipment; the communication equipment
such as transmitting amplifier devices, subscriber radio devices and wireless
phone devices, as well as the solutions and special equipment such as
broadcasting systems, water and river information systems and road information
systems. As of March 31, 2012, the Company had 11 subsidiaries and four
associated companies. For the nine months ended 31 December 2012, Japan Radio
Co., Ltd. revenues increased less than 1% to Y53.27B. Net loss applicable to
common stockholders decreased 16% to Y3.94B. Revenues reflect Marine Equipment
segment increase from Y7.23B to Y19B, Solution Business segment increase from
Y6.36B to Y16.91B, Marine Equipment segment increase from Y3.25B to Y11.33B.
Lower net loss reflects Other segment income increase from Y383M to Y795M.
More Business
Descriptions
Manufacture and
sale of telecommunication equipment, radio-applied equipment, marine
electronics, computer-based systems, etc
Radio
Communications Equipment & Information Technology Products Mfr
Japan Radio Co.,
Ltd. (JRC) is an information and communications company. The company provides
radio telecommunications equipment to its clients across the world. It
manufactures and sells wireless appliances, radio communication devices and
electronic components. It also offers maintenance and installation services for
its components and equipments. JRC manufactures its products under three
categories such as, communication equipment, marine electronics and solutions
and specialized equipment.Communications Equipment segment products are
classified into four broad categories, namely, mobile communications,
telecommunications, measuring and testing, and electronic devices. Mobile
communication devices include personal handy-phone system (PHS), land
mobile/micro GPS receivers, GPS-based automatic vehicle location systems,
trunked radio base stations, business radiotelephones, small-power UHF/FM
transceivers, linear Power amplifier for cellular base station and
very-small-aperture terminal (VSAT (ODU)). Telecommunications devices offered
by the company include wireless local area network (LAN) adapters and 26GHz
P-MP wireless IP access system. Measurement and testing devices JRC offers
measuring equipment for mobile communications, reinforced concrete radar and
subsurface radar. Electronics Devices offered include surface acoustic wave
(SAW) Filters.Marine Electronics segment offers equipment such as, marine
communication, marine navigation, fishing and marine farming and leisure.
Marine communication products include Inmarsat ship earth stations, merchant
ship radiotelephone equipment, fishing vessel radiotelephone equipment, global
maritime distress and safety system (GMDSS) radio communications equipment,
VHF/UHF radiotelephone equipment, coast station radiotelephone equipment,
weather/Inmarsat facsimile equipment, marine public addressers and automatic
identification system (AIS). Marine navigation products manufactured by the
company include integrated bridge systems (IBS), total navigators, marine
radars, automatic radar plotting aid (ARPA) units, electronic chart display and
information system (ECDIS), GPS/DGPS navigators, port/fishing ground
surveillance radars, berthing aid equipment, ship handling simulators, radar
simulators and voyage data recorder (VDR). Fishing and marine farming
equipment, JRC provides color plotters, Doppler sounders, Doppler current
meters, oceanographic color displays, echo sounders/fishing finders, color
scanning sonars and marine farming support systems. The company’s Leisure
products include pleasure fish finders, GPS/DGPS navigators and compact-type
radars.System Electronics product segment product offerings include water and
river management, electro-acoustic systems, disaster prevention information,
broadcast, road and traffic management, meteorological information,
seaport/airport management and simulation, and other related products. Water
and river management products can be classified as
rainfall/water-level/water-quality telemetry, river information systems,
dam/water-channel control systems and dam discharge warning systems. Disaster
prevention information systems, the company offers flood warning and
forecasting systems, environment monitoring systems, debris/mud flow warning
systems earthquake information systems, volcano monitoring system and the
landslide monitoring system by GPS. Road and traffic management systems of JRC
offer road information systems, automatic supervising and control systems,
tunnel remote supervision systems and tunnel radio re-broadcasting systems.
Meteorological information systems include meteorological radar equipment,
Doppler radar equipment, radar rain-gauge systems and agricultural weather
information systems. The company offers various systems that are used in Seaport/Airport
management. Its products include port information management systems,
radar-based berthing aid systems, airport surveillance radar systems, airfield
approach control simulators, air traffic control simulators, terminal approach
trainers; air navigation aids trainers, GMDSS simulators, vessel traffic
management systems and ship handling simulators. JRC's Electro-Acoustic Systems
can be classified as simultaneous interpretation systems, guidance systems,
conference hall sound systems and long-time voice recorders. It also offers
various broadcast equipment used in TV and radio such as, TV translators and
community broadcasting equipment. The company also offers other products in the
system electronics segment such as, building management systems, optical image
transmission systems, multiplex radio communications equipment, resilient
packet ring IP switch, satellite earth stations, rural radio communications
systems, GMDSS-based coast station systems, ground-to-air/point-to-point/marine
HF transmitters and automatic vehicle location/management systems. The company
operates its sales network in Japan, Indonesia, Taiwan, Singapore, Vietnam, the
US and Germany and China. Its subsidiaries include JRC Engineering Co., Ltd.,
JRC Tokki Co., Ltd., Musashino Electronics Co., Ltd, Japan Radio Glass Co.,
Ltd. and Sougou Business Service Co., Ltd.
Japan Radio Co.,
Ltd. (JRC) is a radio communication equipment company, based in Japan. The
company manufactures and sales communication equipment, marine electronics equipment,
and system electronics equipment. Its product portfolio includes personal
handy-phone system, land mobile, micro GPS receivers, merchant ship
radiotelephone equipment, fishing vessel radiotelephone equipment, GMDSS radio
communications equipment, color plotters, doppler sounders, dam discharge
warning systems, meteorological radar equipment, radar rain-gauge systems,
doppler radar equipment, and among others. JRC has its operations in Japan,
Indonesia, Taiwan, Singapore, Vietnam, the US and Germany, China and Brazil.
The company was founded in the year 1915. JRC is headquartered in Mitaka-shi,
Tokyo, Japan.The company reported revenues of (Yen) JPY 99,871.00 million
during the fiscal year ended March 2012, a decrease of 7.27% from 2011. The
operating loss of the company was JPY 3,515.00 million during the fiscal year
2012, as against an operating income of JPY 884.00 million during 2011. The net
loss of the company was JPY 1,842.00 million during the fiscal year 2012, as
against a net profit of JPY 1,927.00 million during 2011.
Radio and Television Broadcasting and Wireless Communications Equipment
Mfg
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
Strategic Initiatives
Partnerships
As a unified group, we will also promote overseas production and procurement to achieve a cost structure able to withstand intense price competition in the global market. Through reductions in fixed costs and improvements in productivity, meanwhile, we will build a robust earnings structure. In addition, we will focus on tapping new markets, such as the environment and energy, by generating synergies among Group companies and promoting collaboration with other companies. Going forward, the company will demonstrate its role as a leading global entity in wireless communications technologies. To this end, we will continue pursuing R&D initiatives and developing new technologies and products, while at the same time striving to enhance both corporate and shareholder value.GlobalData uses a range of research techniques to gather and verify its information and analysis.
|
Corporate Family |
Corporate
Structure News: |
|
|
Nisshinbo
Holdings Inc. |
|
Japan Radio Co., Ltd. |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chuo-Ku |
Japan |
Electronic Instruments and Controls |
4,804.1 |
22,304 |
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Parts |
|
6,000 |
|
|
Subsidiary |
Rayong |
Thailand |
Auto and Truck Parts |
|
356 |
|
|
Subsidiary |
Beijing |
China |
Auto and Truck Parts |
|
274 |
|
|
Subsidiary |
Covington, GA |
United States |
Miscellaneous Capital Goods |
39.4 |
230 |
|
|
Subsidiary |
Sterling Heights, MI |
United States |
Miscellaneous Capital Goods |
18.6 |
15 |
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Leverkusen, Nordrhein-Westfalen |
Germany |
Auto and Truck Parts |
|
4,500 |
|
|
Subsidiary |
Leverkusen, Nordrhein-Westfalen |
Germany |
Business Services |
307.7 |
510 |
|
|
Subsidiary |
Creutzwald |
France |
Auto and Truck Parts |
46.5 |
218 |
|
|
Subsidiary |
Paterna, Valencia |
Spain |
Auto and Truck Parts |
15.6 |
119 |
|
|
Subsidiary |
Troy, MI |
United States |
Auto and Truck Parts |
|
100 |
|
|
Subsidiary |
Friedrichsdorf, Hessen |
Germany |
Retail (Specialty) |
|
10 |
|
|
Subsidiary |
Brescia |
Italy |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Petaling Jaya, Jalan |
Malaysia |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Queretaro |
Mexico |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Coswig |
Germany |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Suginami-Ku |
Japan |
Miscellaneous Fabricated Products |
1,264.8 |
3,758 |
|
|
Subsidiary |
Nagano-Shi |
Japan |
Communications Equipment |
362.5 |
1,802 |
|
|
Subsidiary |
Nagano, Nagano |
Japan |
Communications Equipment |
31.9 |
238 |
|
|
Subsidiary |
Nagano, Nagano |
Japan |
Software and Programming |
11.7 |
117 |
|
|
Subsidiary |
Nagano |
Japan |
Software and Programming |
|
108 |
|
|
Subsidiary |
Nagano |
Japan |
Business Services |
|
81 |
|
|
Subsidiary |
Nagano |
Japan |
Electronic Instruments and Controls |
|
38 |
|
|
Subsidiary |
Sheung Shui, New Territories |
Hong Kong |
Electronic Instruments and Controls |
|
6 |
|
|
Subsidiary |
Sheung Shui, New Territories |
Hong Kong |
Electronic Instruments and Controls |
40.0 |
|
|
|
Subsidiary |
Ueda, Nagano Pref |
Japan |
Communications Equipment |
|
660 |
|
|
Subsidiary |
Yokohama, Kanagawa Pref |
Japan |
Aerospace and Defense |
|
335 |
|
|
Subsidiary |
Mitaka |
Japan |
Medical Equipment and Supplies |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
|
166 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
150 |
|
|
Subsidiary |
Saitama |
Japan |
Personal and Household Products |
|
150 |
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
|
126 |
|
|
Subsidiary |
Shanghai |
China |
Communications Equipment |
|
90 |
|
|
Subsidiary |
Saitama |
Japan |
Personal and Household Products |
|
66 |
|
|
Subsidiary |
Rio de Janeiro |
Brazil |
Communications Equipment |
|
20 |
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Electronic Instruments and Controls |
3.7 |
3 |
|
|
Subsidiary |
North Point |
Hong Kong |
Communications Equipment |
|
|
|
|
Facility |
Mitaka, Tokyo |
Japan |
Communications Equipment |
|
|
|
|
Facility |
Fujimino, Saitama |
Japan |
Communications Equipment |
|
|
|
|
Subsidiary |
Chuo-Ku |
Japan |
Semiconductors |
510.0 |
2,798 |
|
|
Subsidiary |
Muang, Lamphun |
Thailand |
Semiconductors |
|
720 |
|
|
Subsidiary |
Tokyo, Nihonbashi Chuo-ku |
Japan |
Semiconductors |
|
443 |
|
|
Subsidiary |
San Jose, CA |
United States |
Semiconductors |
5.5 |
20 |
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
|
20 |
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
|
20 |
|
|
Subsidiary |
Fukuoka |
Japan |
Semiconductors |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Semiconductors |
|
2,200 |
|
|
Subsidiary |
Ban Sao Thong, Samutprakarn |
Thailand |
Miscellaneous Capital Goods |
|
1,251 |
|
|
Subsidiary |
Higashi Hiroshima, Hiroshima |
Japan |
Auto and Truck Parts |
31.3 |
108 |
|
|
Subsidiary |
Shanghai |
China |
Semiconductors |
|
|
|
|
Nisshinbo-Yawei
Precision Instruments & Machinery (Jiangsu) Co., Ltd. |
Subsidiary |
Yangzhou, Jiangsu |
China |
Semiconductors |
|
|
|
Facility |
Hamamatsu, Shizuoka |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Facility |
Okazaki, Aichi |
Japan |
Semiconductors |
|
|
|
|
Subsidiary |
Suwon, Gyeonggi-do |
Korea, Republic of |
Semiconductors |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Apparel and Accessories |
|
466 |
|
|
Branch |
Itapetininga, Sao Paulo |
Brazil |
Textiles - Non Apparel |
|
400 |
|
|
Subsidiary |
Cheonan |
Korea, Republic of |
Auto and Truck Parts |
147.2 |
336 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
247 |
|
|
Facility |
Asahi, Chiba |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Tokushima |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Chiba |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
136 |
|
|
Subsidiary |
Tokyo |
Japan |
Textiles - Non Apparel |
476.7 |
96 |
|
|
Subsidiary |
Shanghai |
China |
Textiles - Non Apparel |
|
27 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Textiles - Non Apparel |
|
16 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Real Estate Operations |
|
4 |
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Consumer Financial Services |
3.3 |
2 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Apparel and Accessories |
357.0 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Paper and Paper Products |
300.4 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Containers and Packaging |
37.0 |
|
|
|
Subsidiary |
Osaka |
Japan |
Chemical Manufacturing |
138.6 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Fuji, Shizuoka |
Japan |
Paper and Paper Products |
|
|
|
|
Subsidiary |
Ichinomiya |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Wakayama |
Japan |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Bandung |
Indonesia |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Semiconductors |
|
|
|
|
Subsidiary |
Hamamatsu |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Shanghai |
China |
Paper and Paper Products |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Biotechnology and Drugs |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Sumitomo Electric Industries Ltd |
Osaka, Japan |
194,734 |
Public |
Executive report
|
Board of Directors |
|
|
|
|
|||||||||
|
Chairman of the Board, Executive Officer, Representative Director |
Chairman |
|
|||||||||
|
||||||||||||
|
Director |
Chairman |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Chief Director of Business, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Special Machinery Business in Main
Business Unit, Chief Director of Technology, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Chief Director of Quality Assurance, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Chief Director of Business Strategy, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
President, Executive Officer, Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Chief Director of Production, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
President, Executive Officer, Representative Director |
President |
|
|||||||||
|
||||||||||||
|
Executive Officer |
Administration Executive |
|
|
||||||||
|
Executive Officer |
Administration Executive |
|
|
||||||||
|
Executive Officer |
Administration Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Standing Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Standing Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Standing Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Executive Officer, Director of Marine Machinery Business, Director of
Marine Machinery Sales |
Sales Executive |
|
|
||||||||
|
Executive Officer, Director of Solution Business, Director of Solution
Sales |
Sales Executive |
|
|
||||||||
|
Executive Officer, Deputy Chief Director of Business |
Other |
|
|
||||||||
|
Executive Officer |
Other |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Research Institute |
Other |
|
|
||||||||
|
Executive Officer |
Other |
|
|
||||||||
|
Executive Officer, Chief Director of General Affairs |
Other |
|
|
||||||||
|
Managing Executive Officer, Chief Director of Production |
Other |
|
|
||||||||
|
Executive Officer, Deputy Chief Director of Technology |
Other |
|
|
||||||||
|
Managing Executive Officer, Director |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Other |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Deputy Chief Director of Quality Assurance |
Other |
|
|
||||||||
|
Executive Officer, Director of Communication Equipment Business |
Other |
|
|
||||||||
|
Executive Officer, Deputy Director of Special Machinery Business |
Other |
|
|
||||||||
Significant Developments
Japan Radio Co Ltd Cancels Year-end Dividend for FY 2013 Mar 25, 2013
Japan Radio Co Ltd announced that it has canceled the year-end dividend for the fiscal year ending March 2013.
Japan Radio Co Ltd to Sell Property; Announces Extraordinary Profit for FY 2013 Mar 21, 2013
Japan Radio Co Ltd announced that it has decided to sell a Saitama-located property for JPY 6,600 million in total, to a Chiba-based company AEON TOWN Co.,Ltd., which engages in the developer business, effective March 28, 2013. As a result, the Company will record a JPY 5,900 million extraordinary profit on the selling of the property, for the fiscal year ending March 2013.
Japan Radio Co Ltd to Sell Property Feb 27, 2013
Japan Radio Co Ltd announced that it has decided to sell a Saitama-based property to AEONTOWN Co., Ltd., in late March 2013. The transaction price is not disclosed.
Japan Radio Co Ltd Amends Consolidated Full-year Forecast for FY 2013 Feb 04, 2013
Japan Radio Co Ltd announced that it has affirmed the consolidated full-year forecast for revenue of JPY 110,000 million, operating profit of JPY 1,000 million, ordinary profit of JPY 1,200 million and raised the forecast for net profit from JPY 700 million to JPY 5,800 million and earning per share from JPY 5.08 to JPY 42.10 for the fiscal year ending March 31, 2013. The Company raised the consolidated full-year outlook for net profit due to sale of properties.
Japan Radio Co Ltd Announces Early-retirement Program Jan 30, 2013
Japan Radio Co Ltd announced that it has decided to offer an early-retirement program during the period from May 17, 2013 to May 31, 2013. The retirement dates are June 28, 2013, September 30, 2013 and December 27, 2013. The Company will provide retirement payment and special allowance, as well as reemployment support.
R&I Affirms Japan Radio Co Ltd's Rating at "BBB+"; Rating Outlook Stable Oct 04, 2012
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Japan Radio Co Ltd at "BBB+". The rating outlook is stable.
Japan Radio Co., Ltd. Amends Full-year Consolidated Outlook for FY Ended
March 31, 2012 Apr 27, 2012
Japan Radio Co., Ltd. announced that it has lowered its full-year
consolidated outlook for revenue from JPY 101,000 million to JPY 99,800
million, but raised its full-year consolidated outlook for operating profit
(loss) from JPY (3,400 million) to JPY (2,800 million), ordinary profit (loss)
from JPY (3,700 million) to JPY (2,900 million), net profit (loss) from JPY
(2,500 million) to JPY (1,800 million) and earning (loss) per share from JPY
(18.15) to JPY (13.07) for the fiscal year ended March 31, 2012. The Company
lowered its full-year outlook mainly due to a decline in communication
infrastructure-related machinery.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,264.8 |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
|
Revenue |
1,264.8 |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
|
Total Revenue |
1,264.8 |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,083.6 |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
|
Cost of Revenue, Total |
1,083.6 |
1,045.2 |
986.9 |
1,017.2 |
961.7 |
|
Gross Profit |
181.2 |
211.7 |
209.6 |
205.5 |
191.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
72.1 |
65.3 |
60.5 |
72.0 |
52.5 |
|
Labor & Related Expense |
104.5 |
98.1 |
90.4 |
82.6 |
70.4 |
|
Total Selling/General/Administrative Expenses |
176.6 |
163.4 |
150.9 |
154.6 |
122.9 |
|
Research & Development |
40.0 |
30.1 |
26.4 |
35.7 |
36.2 |
|
Impairment-Assets Held for Use |
8.8 |
1.1 |
1.4 |
2.7 |
0.6 |
|
Impairment-Assets Held for Sale |
0.3 |
1.2 |
0.0 |
0.2 |
0.4 |
|
Other Unusual Expense (Income) |
0.1 |
5.4 |
2.6 |
1.9 |
-2.4 |
|
Unusual Expense (Income) |
9.2 |
7.8 |
4.0 |
4.8 |
-1.4 |
|
Total Operating Expense |
1,309.3 |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
|
|
|
|
|
|
|
|
Operating Income |
-44.5 |
10.3 |
28.3 |
10.5 |
34.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-4.7 |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
|
Interest Expense, Net Non-Operating |
-4.7 |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
|
Interest Income -
Non-Operating |
1.6 |
0.4 |
0.4 |
0.7 |
0.7 |
|
Investment Income -
Non-Operating |
13.8 |
20.1 |
5.2 |
0.8 |
0.8 |
|
Interest/Investment Income - Non-Operating |
15.4 |
20.4 |
5.7 |
1.5 |
1.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
10.7 |
15.5 |
0.8 |
-2.5 |
-1.7 |
|
Gain (Loss) on Sale of Assets |
14.9 |
- |
0.0 |
10.9 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.6 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Other, Net |
0.6 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Income Before Tax |
-18.4 |
26.0 |
29.2 |
19.1 |
32.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.6 |
3.2 |
4.1 |
4.6 |
2.9 |
|
Income After Tax |
-23.1 |
22.8 |
25.1 |
14.5 |
29.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.3 |
-0.1 |
0.3 |
0.0 |
|
Net Income Before Extraord Items |
-23.3 |
22.5 |
25.0 |
14.8 |
29.6 |
|
Net Income |
-23.3 |
22.5 |
25.0 |
14.8 |
29.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excl Extraord Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Basic/Primary EPS Incl Extraord Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excl Extraord Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Diluted EPS Incl Extraord Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.06 |
0.03 |
0.03 |
0.04 |
|
Gross Dividends - Common Stock |
0.0 |
8.0 |
4.4 |
4.1 |
6.0 |
|
Interest Expense, Supplemental |
4.7 |
5.0 |
4.8 |
4.0 |
3.2 |
|
Depreciation, Supplemental |
16.3 |
16.5 |
17.0 |
17.6 |
16.0 |
|
Total Special Items |
-5.7 |
7.8 |
4.0 |
-6.2 |
-1.4 |
|
Normalized Income Before Tax |
-24.1 |
33.9 |
33.2 |
12.9 |
31.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-2.0 |
1.0 |
0.6 |
-1.5 |
-0.1 |
|
Inc Tax Ex Impact of Sp Items |
2.6 |
4.2 |
4.6 |
3.1 |
2.8 |
|
Normalized Income After Tax |
-26.8 |
29.7 |
28.6 |
9.8 |
28.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.1 |
29.3 |
28.4 |
10.1 |
28.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.20 |
0.21 |
0.21 |
0.07 |
0.21 |
|
Diluted Normalized EPS |
-0.20 |
0.21 |
0.21 |
0.07 |
0.21 |
|
Research & Development Exp, Supplemental |
76.6 |
52.2 |
40.6 |
60.9 |
58.8 |
|
Reported Operating Profit |
-35.3 |
18.1 |
32.3 |
28.5 |
35.3 |
|
Reported Ordinary Profit |
-36.0 |
13.2 |
30.2 |
23.6 |
30.9 |
|
Normalized EBIT |
-35.3 |
18.1 |
32.3 |
15.3 |
32.6 |
|
Normalized EBITDA |
-19.0 |
34.6 |
49.3 |
32.9 |
48.6 |
|
Current Tax - Total |
3.6 |
- |
- |
- |
- |
|
Current Tax - Total |
3.6 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Income Tax - Total |
4.6 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
11.0 |
10.2 |
9.6 |
8.8 |
7.7 |
|
Service Cost - Domestic |
19.5 |
17.9 |
16.8 |
15.2 |
13.7 |
|
Prior Service Cost - Domestic |
-4.9 |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
|
Expected Return on Assets - Domestic |
-5.8 |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
|
Actuarial Gains and Losses - Domestic |
19.4 |
17.3 |
15.5 |
10.6 |
5.8 |
|
Other Pension, Net - Domestic |
4.2 |
3.8 |
3.5 |
3.3 |
2.9 |
|
Domestic Pension Plan Expense |
43.3 |
37.5 |
35.9 |
33.3 |
17.3 |
|
Total Pension Expense |
43.3 |
37.5 |
35.9 |
33.3 |
17.3 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
2.00% |
|
Total Plan Interest Cost |
11.0 |
10.2 |
9.6 |
8.8 |
7.7 |
|
Total Plan Service Cost |
19.5 |
17.9 |
16.8 |
15.2 |
13.7 |
|
Total Plan Expected Return |
-5.8 |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
|
Total Plan Other Expense |
4.2 |
3.8 |
3.5 |
3.3 |
2.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
43.8 |
71.9 |
163.0 |
174.5 |
41.3 |
|
Short Term Investments |
2.0 |
213.1 |
33.9 |
1.7 |
38.8 |
|
Cash and Short Term Investments |
45.7 |
285.0 |
196.8 |
176.3 |
80.1 |
|
Accounts Receivable -
Trade, Gross |
547.9 |
554.8 |
519.9 |
509.8 |
518.7 |
|
Provision for Doubtful
Accounts |
-2.7 |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
|
Trade Accounts Receivable - Net |
545.2 |
552.3 |
517.6 |
497.1 |
516.6 |
|
Notes Receivable - Short Term |
14.7 |
- |
- |
- |
- |
|
Other Receivables |
- |
0.0 |
- |
- |
- |
|
Total Receivables, Net |
559.9 |
552.3 |
517.6 |
497.1 |
516.6 |
|
Inventories - Finished Goods |
73.1 |
75.0 |
70.1 |
96.0 |
78.1 |
|
Inventories - Work In Progress |
184.8 |
182.1 |
142.6 |
185.4 |
193.6 |
|
Inventories - Raw Materials |
38.1 |
40.2 |
35.6 |
47.0 |
49.3 |
|
Total Inventory |
296.0 |
297.2 |
248.3 |
328.4 |
321.0 |
|
Prepaid Expenses |
8.8 |
12.3 |
10.0 |
5.2 |
7.9 |
|
Deferred Income Tax - Current Asset |
3.8 |
3.8 |
3.1 |
3.4 |
3.4 |
|
Other Current Assets |
9.4 |
6.6 |
6.8 |
8.3 |
7.6 |
|
Other Current Assets, Total |
13.3 |
10.4 |
9.9 |
11.7 |
11.0 |
|
Total Current Assets |
923.7 |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
|
|
|
|
|
|
|
|
Buildings |
320.7 |
314.9 |
273.2 |
258.1 |
262.6 |
|
Land/Improvements |
23.7 |
23.7 |
20.5 |
19.4 |
19.5 |
|
Machinery/Equipment |
304.0 |
314.9 |
280.4 |
285.0 |
287.2 |
|
Construction in
Progress |
0.2 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Other
Property/Plant/Equipment |
3.2 |
2.6 |
2.2 |
1.1 |
0.0 |
|
Property/Plant/Equipment - Gross |
651.9 |
656.4 |
576.3 |
563.6 |
569.2 |
|
Accumulated Depreciation |
-542.9 |
-542.7 |
-472.4 |
-457.3 |
-460.7 |
|
Property/Plant/Equipment - Net |
109.0 |
113.7 |
103.9 |
106.3 |
108.5 |
|
Intangibles, Net |
7.5 |
8.3 |
6.2 |
7.0 |
9.6 |
|
LT Investment - Affiliate Companies |
28.5 |
25.9 |
- |
- |
- |
|
LT Investments - Other |
36.6 |
75.6 |
117.4 |
99.4 |
129.6 |
|
Long Term Investments |
65.1 |
101.5 |
117.4 |
99.4 |
129.6 |
|
Note Receivable - Long Term |
0.8 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
14.6 |
15.2 |
13.5 |
12.6 |
13.2 |
|
Other Long Term Assets |
31.9 |
35.0 |
32.1 |
25.1 |
22.8 |
|
Other Long Term Assets, Total |
46.5 |
50.2 |
45.6 |
37.7 |
36.0 |
|
Total Assets |
1,152.5 |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
309.3 |
326.5 |
263.2 |
293.9 |
340.9 |
|
Accrued Expenses |
25.0 |
25.6 |
25.4 |
25.0 |
26.0 |
|
Notes Payable/Short Term Debt |
15.2 |
21.4 |
15.5 |
55.7 |
16.0 |
|
Current Portion - Long Term Debt/Capital Leases |
25.8 |
227.2 |
13.8 |
40.5 |
23.4 |
|
Customer Advances |
23.1 |
27.0 |
20.8 |
17.2 |
14.2 |
|
Security Deposits |
2.5 |
2.4 |
2.2 |
1.8 |
1.8 |
|
Income Taxes Payable |
3.6 |
3.1 |
3.2 |
3.1 |
3.3 |
|
Other Current Liabilities |
60.5 |
47.3 |
51.0 |
41.6 |
47.2 |
|
Other Current liabilities, Total |
89.7 |
79.8 |
77.2 |
63.7 |
66.4 |
|
Total Current Liabilities |
465.0 |
680.5 |
395.1 |
478.7 |
472.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
13.4 |
35.5 |
232.3 |
232.3 |
170.0 |
|
Capital Lease Obligations |
1.7 |
2.0 |
1.6 |
1.1 |
0.0 |
|
Total Long Term Debt |
15.2 |
37.5 |
233.9 |
233.4 |
170.0 |
|
Total Debt |
56.2 |
286.0 |
263.3 |
329.6 |
209.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.2 |
8.7 |
15.5 |
10.6 |
24.3 |
|
Deferred Income Tax |
1.2 |
8.7 |
15.5 |
10.6 |
24.3 |
|
Minority Interest |
4.6 |
4.3 |
3.6 |
3.3 |
3.6 |
|
Reserves |
7.0 |
7.0 |
2.5 |
0.0 |
- |
|
Pension Benefits - Underfunded |
153.7 |
148.9 |
127.5 |
115.2 |
111.9 |
|
Other Long Term Liabilities |
7.9 |
7.7 |
6.5 |
8.3 |
8.6 |
|
Other Liabilities, Total |
168.6 |
163.7 |
136.6 |
123.4 |
120.5 |
|
Total Liabilities |
654.5 |
894.6 |
784.7 |
849.4 |
791.1 |
|
|
|
|
|
|
|
|
Common Stock |
178.5 |
177.4 |
157.4 |
148.9 |
147.7 |
|
Common Stock |
178.5 |
177.4 |
157.4 |
148.9 |
147.7 |
|
Additional Paid-In Capital |
200.3 |
199.1 |
176.6 |
167.1 |
165.8 |
|
Retained Earnings (Accumulated Deficit) |
117.9 |
147.8 |
114.9 |
89.4 |
80.7 |
|
Treasury Stock - Common |
-0.8 |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
|
Unrealized Gain (Loss) |
2.4 |
13.1 |
22.9 |
15.3 |
35.7 |
|
Translation Adjustment |
-0.3 |
-0.1 |
0.0 |
-0.1 |
0.2 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-0.2 |
-0.1 |
0.0 |
-0.1 |
0.2 |
|
Total Equity |
498.1 |
536.4 |
471.1 |
420.0 |
429.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,152.5 |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employees |
3,758 |
3,766 |
3,760 |
3,770 |
3,751 |
|
Number of Common Shareholders |
8,187 |
8,419 |
11,443 |
12,044 |
10,915 |
|
Deferred Revenue - Current |
23.1 |
27.0 |
20.8 |
17.2 |
14.2 |
|
Total Long Term Debt, Supplemental |
44.1 |
261.9 |
245.6 |
272.6 |
193.4 |
|
Long Term Debt Maturing within 1 Year |
24.9 |
226.4 |
13.3 |
40.2 |
23.4 |
|
Long Term Debt Maturing in Year 2 |
13.0 |
23.7 |
200.8 |
12.6 |
155.0 |
|
Long Term Debt Maturing in Year 3 |
0.4 |
11.8 |
21.0 |
190.0 |
12.1 |
|
Long Term Debt Maturing in Year 4 |
- |
0.0 |
10.5 |
19.9 |
1.2 |
|
Long Term Debt Maturing in Year 5 |
- |
0.0 |
0.0 |
9.9 |
1.7 |
|
Long Term Debt Maturing in 2-3 Years |
13.4 |
35.5 |
221.8 |
202.6 |
167.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
0.0 |
10.5 |
29.8 |
2.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
5.8 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
2.7 |
2.7 |
2.2 |
46.5 |
5.0 |
|
Capital Lease Payments Due in Year 1 |
1.0 |
0.8 |
0.5 |
40.8 |
- |
|
Capital Lease Payments Due in Year 2 |
0.8 |
0.8 |
0.5 |
0.3 |
- |
|
Capital Lease Payments Due in Year 3 |
0.5 |
0.7 |
0.5 |
0.3 |
- |
|
Capital Lease Payments Due in Year 4 |
0.3 |
0.3 |
0.4 |
0.3 |
- |
|
Capital Lease Payments Due in Year 5 |
0.1 |
0.2 |
0.1 |
0.2 |
- |
|
Capital Lease Payments Due in 2-3 Years |
1.3 |
1.4 |
1.0 |
0.6 |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.4 |
0.5 |
0.5 |
0.4 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.1 |
4.8 |
5.0 |
|
Pension Obligation - Domestic |
525.1 |
525.1 |
472.2 |
446.7 |
439.1 |
|
Plan Assets - Domestic |
296.8 |
293.0 |
264.8 |
218.8 |
257.9 |
|
Funded Status - Domestic |
-228.3 |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
|
Total Funded Status |
-228.3 |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
2.00% |
|
Prepaid Benefits - Domestic |
25.7 |
29.3 |
27.2 |
20.6 |
16.2 |
|
Accrued Liabilities - Domestic |
-151.7 |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
|
Other Assets, Net - Domestic |
102.4 |
114.6 |
109.8 |
135.5 |
87.4 |
|
Net Assets Recognized on Balance Sheet |
-23.5 |
-2.8 |
12.3 |
43.1 |
-6.4 |
|
Total Plan Obligations |
525.1 |
525.1 |
472.2 |
446.7 |
439.1 |
|
Total Plan Assets |
296.8 |
293.0 |
264.8 |
218.8 |
257.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-18.4 |
26.0 |
29.1 |
19.0 |
32.4 |
|
Depreciation |
16.3 |
16.5 |
17.0 |
17.6 |
16.0 |
|
Depreciation/Depletion |
16.3 |
16.5 |
17.0 |
17.6 |
16.0 |
|
Unusual Items |
-17.6 |
-18.3 |
0.0 |
-14.9 |
0.3 |
|
Equity in Net Earnings (Loss) |
-4.0 |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
|
Other Non-Cash Items |
10.5 |
8.0 |
2.6 |
13.2 |
-11.7 |
|
Non-Cash Items |
-11.1 |
-13.1 |
0.4 |
-5.3 |
-13.8 |
|
Accounts Receivable |
10.5 |
30.3 |
18.8 |
11.9 |
-6.0 |
|
Inventories |
3.1 |
-16.9 |
99.9 |
-4.9 |
22.5 |
|
Accounts Payable |
-20.0 |
28.9 |
-47.7 |
-48.6 |
-24.4 |
|
Other Operating Cash Flow |
4.5 |
-10.9 |
-6.3 |
-7.4 |
-8.8 |
|
Changes in Working Capital |
-1.9 |
31.3 |
64.6 |
-49.1 |
-16.7 |
|
Cash from Operating Activities |
-15.1 |
60.6 |
111.1 |
-17.7 |
17.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-13.6 |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
|
Capital Expenditures |
-13.6 |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
|
Sale of Fixed Assets |
14.6 |
0.0 |
0.0 |
15.6 |
0.0 |
|
Sale/Maturity of Investment |
38.0 |
29.6 |
1.9 |
0.0 |
2.1 |
|
Investment, Net |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Purchase of Investments |
-4.8 |
-1.5 |
-2.3 |
-3.7 |
-0.1 |
|
Sale of Intangible Assets |
- |
- |
- |
- |
0.0 |
|
Other Investing Cash Flow |
-18.7 |
-1.5 |
-0.8 |
0.9 |
-3.4 |
|
Other Investing Cash Flow Items, Total |
29.1 |
26.6 |
-1.2 |
12.7 |
-1.4 |
|
Cash from Investing Activities |
15.5 |
18.2 |
-11.2 |
1.3 |
-10.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.9 |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
|
Financing Cash Flow Items |
-0.9 |
-0.7 |
-0.3 |
-0.1 |
-0.1 |
|
Cash Dividends Paid - Common |
-8.7 |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
|
Total Cash Dividends Paid |
-8.7 |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
|
Short Term Debt, Net |
-6.6 |
3.7 |
-43.6 |
38.9 |
3.8 |
|
Long Term Debt Issued |
2.5 |
0.0 |
0.0 |
99.7 |
0.0 |
|
Long Term Debt
Reduction |
-237.5 |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
|
Long Term Debt, Net |
-234.9 |
-14.5 |
-42.7 |
76.3 |
-1.4 |
|
Issuance (Retirement) of Debt, Net |
-241.5 |
-10.8 |
-86.3 |
115.2 |
2.4 |
|
Cash from Financing Activities |
-251.1 |
-16.2 |
-91.1 |
108.3 |
-3.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.4 |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
|
Net Change in Cash |
-251.0 |
60.7 |
8.5 |
90.5 |
3.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
292.0 |
208.4 |
183.7 |
79.4 |
66.7 |
|
Net Cash - Ending Balance |
41.0 |
269.1 |
192.2 |
169.9 |
69.8 |
|
Cash Interest Paid |
5.1 |
5.0 |
4.9 |
4.1 |
3.5 |
|
Cash Taxes Paid |
3.0 |
4.1 |
3.9 |
4.0 |
1.8 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,264.8 |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
|
Total Revenue |
1,264.8 |
1,256.9 |
1,196.6 |
1,222.8 |
1,153.3 |
|
|
|
|
|
|
|
|
Total-beginning finished goods and semi- |
1,083.6 |
1,045.2 |
986.9 |
1,004.0 |
959.0 |
|
Other Selling/General/Admin. Expense |
0.0 |
- |
- |
- |
- |
|
Res-Doubt.Acct.Allow |
0.5 |
0.1 |
0.5 |
11.2 |
0.0 |
|
Directors'' compensations,employees'' sa |
90.9 |
86.0 |
79.2 |
72.8 |
64.9 |
|
Res-Accr.Retire Bft. |
13.0 |
11.6 |
10.6 |
9.3 |
4.9 |
|
Provision for directors'' retirement ben |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Research & Development expenses, SGA |
40.0 |
30.1 |
26.4 |
35.7 |
36.2 |
|
Other SG&A Cost |
71.5 |
65.2 |
60.1 |
60.8 |
52.5 |
|
SP Rev-Doubt.Acct.Allow |
0.0 |
-0.4 |
-0.2 |
-0.1 |
-2.2 |
|
SP Other Special Gains |
0.0 |
-0.2 |
0.0 |
-1.0 |
-0.2 |
|
SP Val.Loss-Invest.Sec |
0.3 |
1.2 |
0.0 |
0.1 |
0.2 |
|
SP Val.Loss-Inventory |
- |
- |
0.0 |
13.3 |
0.0 |
|
SP Spec. prov. for doubtful acts |
- |
- |
0.0 |
3.0 |
0.0 |
|
SP Product Failure Provision |
- |
- |
- |
- |
0.0 |
|
SP Provi. for reserve for environmental |
- |
0.0 |
2.5 |
0.0 |
- |
|
SP Impairment Loss |
8.3 |
0.7 |
0.0 |
0.2 |
0.1 |
|
SP L-val. of golf membership |
- |
0.0 |
0.0 |
0.1 |
0.1 |
|
SP L-adjust. for changes of accts assets |
0.0 |
4.3 |
0.0 |
- |
- |
|
SP Loss on disaster |
0.0 |
1.7 |
0.0 |
- |
- |
|
SP Other Special loss |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
NOP L-retire.Fixed Asset(Non-Op) |
0.5 |
0.4 |
1.3 |
2.6 |
0.5 |
|
NOP Val.Loss-Inventory |
- |
- |
- |
0.0 |
2.7 |
|
Total Operating Expense |
1,309.3 |
1,246.6 |
1,168.3 |
1,212.3 |
1,119.3 |
|
|
|
|
|
|
|
|
Gain On Sales Of Noncurrent Assets |
14.9 |
- |
- |
- |
- |
|
SP Sale Gain-Fixed Asst |
- |
- |
0.0 |
15.2 |
0.0 |
|
SP Sale Gain-Invest.Sec. |
11.3 |
22.9 |
1.8 |
0.0 |
0.0 |
|
SP Disposal-Inventory |
- |
- |
0.0 |
-4.3 |
0.0 |
|
SP Sale Loss-Invest. Sec. |
0.0 |
-2.7 |
-0.1 |
0.0 |
-0.3 |
|
NOP Interest Income |
1.6 |
0.4 |
0.4 |
0.7 |
0.7 |
|
NOP Dividend Income |
1.5 |
2.1 |
1.8 |
2.0 |
2.1 |
|
NOP Exchange Gain |
- |
- |
- |
- |
0.0 |
|
NOP Equity in earnings of affiliates |
4.0 |
2.9 |
2.2 |
3.6 |
2.5 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Patent Income |
0.1 |
0.1 |
0.2 |
0.3 |
0.3 |
|
NOP Other non-operating income |
0.9 |
0.8 |
0.6 |
0.6 |
0.7 |
|
NOP Interest expenses |
-4.7 |
-5.0 |
-4.8 |
-4.0 |
-3.2 |
|
NOP Exchange Loss |
-3.0 |
-5.1 |
-0.4 |
-4.8 |
-3.5 |
|
NOP Other Non-op.Expense |
-0.4 |
-0.7 |
-0.7 |
-0.7 |
-0.9 |
|
Net Income Before Taxes |
-18.4 |
26.0 |
29.2 |
19.1 |
32.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.6 |
3.2 |
4.1 |
4.6 |
2.9 |
|
Net Income After Taxes |
-23.1 |
22.8 |
25.1 |
14.5 |
29.5 |
|
|
|
|
|
|
|
|
Minority interests in income |
-0.3 |
-0.3 |
-0.1 |
0.3 |
0.0 |
|
Net Income Before Extra. Items |
-23.3 |
22.5 |
25.0 |
14.8 |
29.6 |
|
Net Income |
-23.3 |
22.5 |
25.0 |
14.8 |
29.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
- |
- |
- |
|
Rounding Adjustment |
- |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Basic EPS Including ExtraOrdinary Item |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-23.4 |
22.4 |
25.0 |
14.8 |
29.5 |
|
Diluted Weighted Average Shares |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
Diluted EPS Including ExtraOrd Items |
-0.17 |
0.16 |
0.18 |
0.11 |
0.21 |
|
DPS-Common Stock |
0.00 |
0.06 |
0.03 |
0.03 |
0.04 |
|
Gross Dividends - Common Stock |
0.0 |
8.0 |
4.4 |
4.1 |
6.0 |
|
Normalized Income Before Taxes |
-24.1 |
33.9 |
33.2 |
12.9 |
31.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.6 |
4.2 |
4.6 |
3.1 |
2.8 |
|
Normalized Income After Taxes |
-26.8 |
29.7 |
28.6 |
9.8 |
28.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-27.1 |
29.3 |
28.4 |
10.1 |
28.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.20 |
0.21 |
0.21 |
0.07 |
0.21 |
|
Diluted Normalized EPS |
-0.20 |
0.21 |
0.21 |
0.07 |
0.21 |
|
Total Research And Development Expense |
58.6 |
- |
- |
- |
- |
|
R & D Expenses (COGS) |
18.0 |
- |
- |
- |
- |
|
R&D expense, supplemental |
- |
30.1 |
26.4 |
35.7 |
36.2 |
|
R & D Expenses (COGS) |
- |
22.1 |
14.2 |
25.2 |
22.6 |
|
Interest expense, supplemental |
4.7 |
5.0 |
4.8 |
4.0 |
3.2 |
|
Amort of Tangible Assets-Current Portion |
16.3 |
- |
- |
- |
- |
|
Depreciation, supplemental |
- |
16.5 |
17.0 |
17.6 |
16.0 |
|
Income taxes-current |
3.6 |
- |
- |
- |
- |
|
Current Tax - Total |
3.6 |
- |
- |
- |
- |
|
Income taxes-deferred |
1.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Income Tax - Total |
4.6 |
- |
- |
- |
- |
|
Reported Operating Profit |
-35.3 |
18.1 |
32.3 |
28.5 |
35.3 |
|
Reported Ordinary Profit |
-36.0 |
13.2 |
30.2 |
23.6 |
30.9 |
|
Service Cost |
19.5 |
17.9 |
16.8 |
15.2 |
13.7 |
|
Interest Cost |
11.0 |
10.2 |
9.6 |
8.8 |
7.7 |
|
Expected Return on Plan Assets |
-5.8 |
-7.2 |
-5.9 |
-1.2 |
-9.8 |
|
Prior Service Cost |
-4.9 |
-4.5 |
-3.6 |
-3.4 |
-3.0 |
|
Actuarial Gains & Losses |
19.4 |
17.3 |
15.5 |
10.6 |
5.8 |
|
Expenses due to Acct. Change |
4.2 |
3.8 |
3.5 |
3.3 |
2.9 |
|
Domestic Pension Plan Expense |
43.3 |
37.5 |
35.9 |
33.3 |
17.3 |
|
Total Pension Expense |
43.3 |
37.5 |
35.9 |
33.3 |
17.3 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
- |
- |
- |
- |
|
Discount rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
0.00% |
- |
- |
- |
- |
|
Expected rate of return |
- |
0.00% |
0.00% |
0.00% |
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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Deposit |
43.8 |
71.9 |
163.0 |
174.5 |
41.3 |
|
Notes and accounts receivable-trade |
547.9 |
554.8 |
519.9 |
509.8 |
518.7 |
|
Short-term investment securities |
2.0 |
213.1 |
33.9 |
1.7 |
38.8 |
|
Inventories - merchandise&finished goods |
73.1 |
75.0 |
70.1 |
96.0 |
78.1 |
|
Inventories - work-in-process |
184.8 |
182.1 |
142.6 |
185.4 |
193.6 |
|
Inventories - raw materials&supplies |
38.1 |
40.2 |
35.6 |
47.0 |
49.3 |
|
Advance payments-trade |
8.8 |
12.3 |
10.0 |
5.2 |
7.9 |
|
Dfrd. Tax Asset |
3.8 |
3.8 |
3.1 |
3.4 |
3.4 |
|
Short-term loans receivable from subsi. |
- |
0.0 |
- |
- |
- |
|
Rounding adjustment Assets |
0.1 |
- |
- |
- |
- |
|
Other Curr.Asset |
9.4 |
6.6 |
6.8 |
8.3 |
7.6 |
|
Doubtful Account |
-2.7 |
-2.5 |
-2.4 |
-12.7 |
-2.1 |
|
Short-term loans receivable from subsidi |
14.7 |
- |
- |
- |
- |
|
Total Current Assets |
923.7 |
1,157.3 |
982.5 |
1,018.7 |
936.7 |
|
|
|
|
|
|
|
|
Bldg.&Structure |
320.7 |
314.9 |
273.2 |
258.1 |
262.6 |
|
Accumulated depreciation |
-254.4 |
-249.0 |
-213.0 |
-197.7 |
-199.5 |
|
Machinery, equipment and vehicles |
109.2 |
111.4 |
99.9 |
99.4 |
100.3 |
|
Accumulated depreciation(1) |
-102.8 |
-101.5 |
-89.8 |
-87.7 |
-88.4 |
|
Tools, furniture and fixtures |
194.9 |
203.5 |
180.6 |
185.6 |
186.9 |
|
Accumulated depreciation(2) |
-184.1 |
-191.2 |
-169.1 |
-171.8 |
-172.8 |
|
Land |
23.7 |
23.7 |
20.5 |
19.4 |
19.5 |
|
Lease |
3.2 |
2.6 |
2.2 |
1.1 |
0.0 |
|
Accumulated depreciation(3) |
-1.5 |
-1.0 |
-0.4 |
-0.1 |
0.0 |
|
Construction |
0.2 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Total intangible assets |
7.5 |
8.3 |
6.2 |
7.0 |
9.6 |
|
Investment Sec. |
36.6 |
75.6 |
117.4 |
99.4 |
129.6 |
|
Invt Secs Noncons, Asc, Affd Cos |
28.5 |
- |
- |
- |
- |
|
Equity secs.-nonconsolidated affil. |
- |
25.9 |
- |
- |
- |
|
Long-term loans receivable |
0.8 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Deferred tax assets |
14.6 |
15.2 |
13.5 |
12.6 |
13.2 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Assets |
51.1 |
54.0 |
49.4 |
31.2 |
26.1 |
|
Doubtful Account |
-19.2 |
-19.0 |
-17.2 |
-6.1 |
-3.3 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Other Buildings, Net |
0.0 |
- |
- |
- |
- |
|
Other Plant/machinery, Net(1) |
0.0 |
- |
- |
- |
- |
|
Other Plant/machinery, Net |
0.0 |
- |
- |
- |
- |
|
Other PPE under Capital Lease, Net |
0.0 |
- |
- |
- |
- |
|
Other Total Property/Plant/Equipment, Ne |
0.0 |
- |
- |
- |
- |
|
Total Assets |
1,152.5 |
1,431.1 |
1,255.8 |
1,269.4 |
1,220.7 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
309.3 |
326.5 |
263.2 |
293.9 |
340.9 |
|
Short-term loans payable |
15.2 |
21.4 |
15.5 |
15.2 |
16.0 |
|
Current portion of long-term loans payab |
24.9 |
226.4 |
13.3 |
40.2 |
23.4 |
|
Commercial Paper |
- |
- |
0.0 |
40.5 |
0.0 |
|
Accrued Expense |
25.0 |
25.6 |
25.4 |
25.0 |
26.0 |
|
Lease |
1.0 |
0.8 |
0.5 |
0.3 |
0.0 |
|
Income Tax Pybl. |
3.6 |
3.1 |
3.2 |
3.1 |
3.3 |
|
Advance Received |
23.1 |
27.0 |
20.8 |
17.2 |
14.2 |
|
Deposits received |
2.5 |
2.4 |
2.2 |
1.8 |
1.8 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Provision for loss on disaster |
0.0 |
1.2 |
0.0 |
- |
- |
|
Res-Prod.Wrrty. |
10.2 |
1.5 |
5.8 |
1.6 |
4.0 |
|
Other Curr.Liab. |
50.3 |
44.6 |
45.2 |
40.0 |
43.2 |
|
Total Current Liabilities |
465.0 |
680.5 |
395.1 |
478.7 |
472.7 |
|
|
|
|
|
|
|
|
Long-term loans payable |
13.4 |
35.5 |
232.3 |
232.3 |
170.0 |
|
Lease |
1.7 |
2.0 |
1.6 |
1.1 |
0.0 |
|
Total Long Term Debt |
15.2 |
37.5 |
233.9 |
233.4 |
170.0 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liab. |
1.2 |
8.7 |
15.5 |
10.6 |
24.3 |
|
Res-Accr.Retire |
151.7 |
146.8 |
124.7 |
113.0 |
110.0 |
|
Provision for directors'' retirement ben |
2.0 |
2.1 |
2.8 |
2.2 |
1.9 |
|
Other Long Term Liabilities |
0.1 |
- |
- |
- |
- |
|
Other Liability |
7.9 |
7.7 |
6.5 |
8.2 |
8.5 |
|
Minor. Interest |
4.6 |
4.3 |
3.6 |
3.3 |
3.6 |
|
Adjustment |
- |
- |
- |
0.1 |
0.1 |
|
Asset retirement obligations |
4.2 |
4.2 |
0.0 |
- |
- |
|
Reserve for environmental measures |
2.8 |
2.8 |
2.5 |
0.0 |
- |
|
Total Liabilities |
654.5 |
894.6 |
784.7 |
849.4 |
791.1 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
178.5 |
177.4 |
157.4 |
148.9 |
147.7 |
|
Total capital surpluses |
200.3 |
199.1 |
176.6 |
167.1 |
165.8 |
|
Total retained earnings |
117.9 |
147.8 |
114.9 |
89.4 |
80.7 |
|
Treasury Stock |
-0.8 |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
|
Valuation difference on available-for-sa |
2.4 |
13.1 |
22.9 |
15.3 |
35.7 |
|
Foreign currency translation adjustment |
-0.3 |
-0.1 |
0.0 |
-0.1 |
0.2 |
|
Total Equity |
498.1 |
536.4 |
471.1 |
420.0 |
429.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,152.5 |
1,431.0 |
1,255.8 |
1,269.4 |
1,220.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
Total Common Shares Outstanding |
137.8 |
137.8 |
137.8 |
137.8 |
137.8 |
|
T/S-Common Stock |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred Revenue - Current |
23.1 |
27.0 |
20.8 |
17.2 |
14.2 |
|
Full-Time Employees |
3,758 |
3,766 |
3,760 |
3,770 |
3,751 |
|
Total Number of Shareholders |
8,187 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
8,419 |
11,443 |
12,044 |
10,915 |
|
LT Debt, mat. within 1 yr. |
24.9 |
226.4 |
13.3 |
40.2 |
23.4 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
13.0 |
- |
- |
- |
- |
|
Oth Intt Br Dbt Matg ovr a Yr wthn 2 Yr |
0.0 |
- |
- |
- |
- |
|
LT Debt, mat. by 2 yr. |
- |
23.7 |
200.8 |
12.6 |
155.0 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
0.4 |
- |
- |
- |
- |
|
LT Debt, mat. by 3 yr. |
- |
11.8 |
21.0 |
190.0 |
12.1 |
|
LT Debt, mat. by 4 yr. |
- |
0.0 |
10.5 |
19.9 |
1.2 |
|
LT Debt, mat. by 5 yr. |
- |
0.0 |
0.0 |
9.9 |
1.7 |
|
Division And End Of Current Period Remai |
5.7 |
- |
- |
- |
- |
|
Other lt debts |
0.1 |
- |
- |
- |
- |
|
LT Debt, mat. over 5 yr. |
- |
0.0 |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
44.1 |
261.9 |
245.6 |
272.6 |
193.4 |
|
Capital lease payment due in 1 year |
1.0 |
0.8 |
0.5 |
40.8 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.8 |
- |
- |
- |
- |
|
Capital lease payment due in 2 years |
- |
0.8 |
0.5 |
0.3 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.5 |
- |
- |
- |
- |
|
Capital lease payment due in 3 years |
- |
0.7 |
0.5 |
0.3 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.3 |
- |
- |
- |
- |
|
Capital lease payment due in 4 years |
- |
0.3 |
0.4 |
0.3 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.1 |
- |
- |
- |
- |
|
Capital lease payment due in 5 years |
- |
0.2 |
0.1 |
0.2 |
- |
|
Otehr capital lease |
0.0 |
- |
- |
- |
- |
|
Capital lease Remaining |
- |
0.0 |
0.1 |
4.8 |
5.0 |
|
Total Capital Leases |
2.7 |
2.7 |
2.2 |
46.5 |
5.0 |
|
Pension Obligation |
525.1 |
525.1 |
472.2 |
446.7 |
439.1 |
|
Fair Value of Plan Assets |
296.8 |
293.0 |
264.8 |
218.8 |
257.9 |
|
Funded Status |
-228.3 |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
|
Total Funded Status |
-228.3 |
-232.1 |
-207.3 |
-228.0 |
-181.2 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
0.00% |
- |
- |
- |
- |
|
Expected Return on Plan Assets |
- |
0.00% |
0.00% |
0.00% |
2.00% |
|
Difference due to Acct. Changes |
12.0 |
15.9 |
17.6 |
20.0 |
23.1 |
|
Unrecognized Actuarial Gains & Loss |
112.8 |
125.7 |
120.2 |
145.9 |
97.8 |
|
Unrecognized Prior Service Cost |
-22.4 |
-26.9 |
-28.0 |
-30.3 |
-33.5 |
|
Prepaid Pension Benefits |
25.7 |
29.3 |
27.2 |
20.6 |
16.2 |
|
Accrued Pension Benefits |
-151.7 |
-146.8 |
-124.7 |
-113.0 |
-110.0 |
|
Net Assets Recognized on Balance Sheet |
-23.5 |
-2.8 |
12.3 |
43.1 |
-6.4 |
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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Income Before Tax |
-18.4 |
26.0 |
29.1 |
19.0 |
32.4 |
|
Depreciation |
16.3 |
16.5 |
17.0 |
17.6 |
16.0 |
|
Loss (gain) on sales of noncurrent asset |
-14.9 |
- |
- |
- |
- |
|
Impairment |
8.3 |
0.7 |
0.0 |
0.2 |
0.1 |
|
Increase (decrease) in allowance for dou |
0.5 |
-0.6 |
0.1 |
14.0 |
-2.1 |
|
Increase (decrease) in provision for ret |
8.4 |
6.1 |
0.0 |
-2.0 |
-9.9 |
|
Int. and Div. Income |
-3.1 |
-2.5 |
-2.2 |
-2.8 |
-2.9 |
|
Interes Expense |
4.7 |
5.0 |
4.8 |
4.0 |
3.2 |
|
Equity in (earnings) losses of affiliate |
-4.0 |
-2.9 |
-2.2 |
-3.6 |
-2.5 |
|
Sale Gain-Fixed Asst |
- |
0.0 |
0.0 |
-15.2 |
0.0 |
|
Loss (gain) on sales of investment secur |
-11.3 |
-20.2 |
0.0 |
- |
0.0 |
|
Loss (gain) on valuation of investment s |
0.3 |
1.2 |
0.0 |
0.1 |
0.2 |
|
Decrease (increase) in notes and account |
10.5 |
30.3 |
18.8 |
11.9 |
-6.0 |
|
Decrease (increase) in inventories |
3.1 |
-16.9 |
99.9 |
-4.9 |
22.5 |
|
Increase (decrease) in notes and account |
-20.0 |
28.9 |
-47.7 |
-48.6 |
-24.4 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
9.2 |
-4.6 |
0.0 |
-2.3 |
-6.4 |
|
Int. and Div. Rcvd. |
3.4 |
2.8 |
2.5 |
3.0 |
2.9 |
|
Interest expenses paid |
-5.1 |
-5.0 |
-4.9 |
-4.1 |
-3.5 |
|
Income taxes paid, cash basis |
-3.0 |
-4.1 |
-3.9 |
-4.0 |
-1.8 |
|
Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Cash from Operating Activities |
-15.1 |
60.6 |
111.1 |
-17.7 |
17.9 |
|
|
|
|
|
|
|
|
Time Deposit Made |
-4.7 |
-1.3 |
-2.2 |
-1.7 |
0.0 |
|
Time Deposit Matured |
5.1 |
0.9 |
0.0 |
0.0 |
0.9 |
|
Purch-Marketable Sec |
- |
- |
0.0 |
-1.6 |
0.0 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
ST loans, net |
-15.4 |
0.0 |
- |
- |
- |
|
Net decrease (increase) in short-term in |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Purchase of property, plant and equipmen |
-13.6 |
-8.4 |
-10.0 |
-11.5 |
-8.8 |
|
Sale-Fixed Asset |
14.6 |
0.0 |
0.0 |
15.6 |
0.0 |
|
Sale of Intangibles |
- |
- |
- |
- |
0.0 |
|
Purch-Investment Sec |
-0.1 |
-0.2 |
-0.1 |
-0.4 |
-0.1 |
|
Proceeds from sales of investment securi |
32.9 |
28.7 |
1.9 |
0.0 |
1.2 |
|
Other, net |
-3.3 |
-1.5 |
-0.8 |
0.9 |
-3.4 |
|
Cash from Investing Activities |
15.5 |
18.2 |
-11.2 |
1.3 |
-10.2 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-6.6 |
3.7 |
-0.5 |
-0.9 |
3.8 |
|
Commercial Paper,Net |
- |
0.0 |
-43.0 |
39.8 |
0.0 |
|
Issued-LT Debt |
2.5 |
0.0 |
0.0 |
99.7 |
0.0 |
|
Repayment of long-term loans payable |
-237.5 |
-14.5 |
-42.7 |
-23.3 |
-1.4 |
|
Redemp-Corp.Bond |
- |
- |
- |
- |
0.0 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Dividend Paid |
-8.7 |
-4.8 |
-4.4 |
-6.8 |
-6.0 |
|
Div.Paid to Minority |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other, net |
-0.8 |
-0.6 |
-0.3 |
0.0 |
-0.1 |
|
Cash from Financing Activities |
-251.1 |
-16.2 |
-91.1 |
108.3 |
-3.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.4 |
-1.9 |
-0.4 |
-1.3 |
-1.0 |
|
Net Change in Cash |
-251.0 |
60.7 |
8.5 |
90.5 |
3.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
292.0 |
208.4 |
183.7 |
79.4 |
66.7 |
|
Net Cash - Ending Balance |
41.0 |
269.1 |
192.2 |
169.9 |
69.8 |
|
Cash Interest Paid |
5.1 |
5.0 |
4.9 |
4.1 |
3.5 |
|
Cash Taxes Paid |
3.0 |
4.1 |
3.9 |
4.0 |
1.8 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual
Ratios
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.53.94 |
|
UK Pound |
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
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.