MIRA INFORM REPORT
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Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
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Name : |
KOIKE SANSO KOGYO CO., LTD. |
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Registered Office : |
3-4-8, Taihei, Sumida-ku, Tokyo, 130-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
08.12.1936 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacture, purchase and sale of machinery and
equipment, high-pressure gas and welding equipment |
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No. of Employees : |
1,009 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small defense
allocation (1% of GDP) helped Japan develop a technologically advanced economy.
Two notable characteristics of the post-war economy were the close interlocking
structures of manufacturers, suppliers, and distributors, known as keiretsu,
and the guarantee of lifetime employment for a substantial portion of the urban
labor force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A tiny agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. Usually self-sufficient in rice, Japan imports about 60% of its
food on a caloric basis. Japan maintains one of the world's largest fishing
fleets and accounts for nearly 15% of the global catch. For three decades,
overall real economic growth had been spectacular - a 10% average in the 1960s,
a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed
markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001,
and third-place India, which edged out Japan in 2011. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan further into recession. Government stimulus spending helped the economy
recover in late 2009 and 2010, but the economy contracted again in 2011 as the
massive 9.0 magnitude earthquake in March disrupted manufacturing. Electricity
supplies remain tight because Japan has temporarily shut down almost all of its
nuclear power plants after the Fukushima Daiichi nuclear reactors were crippled
by the earthquake and resulting tsunami. Estimates of the direct costs of the
damage - rebuilding homes, factories, and infrastructure - range from $235
billion to $310 billion, and GDP declined almost 0.5% in 2011. Prime Minister
Yoshihiko NODA has proposed opening the agricultural and services sectors to
greater foreign competition and boosting exports through membership in the
US-led Trans-Pacific Partnership trade talks and by pursuing free-trade
agreements with the EU and others, but debate continues on restructuring the
economy and reining in Japan's huge government debt, which exceeds 200% of GDP.
Persistent deflation, reliance on exports to drive growth, and an aging and
shrinking population are other major long-term challenges for the economy.
|
Source : CIA |
Company name & address
KOIKE SANSO KOGYO
CO., LTD.
3-4-8, Taihei, Sumida-ku
Tokyo, 130-0012
Japan
Tel: 81-3-36243111
Fax: 81-3-36243124
Web: www.koikeox.co.jp
Synthesis
Employees: 1,009
Company Type: Public Parent
Corporate Family: 12
Companies
Traded: Tokyo
Stock Exchange: 6137
Incorporation Date:
08-Dec-1936
Auditor: Toko Audit Corporation
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 517.9
1
Net Income: 12.5
Total Assets: 600.7
2
Market Value: 98.7 (12-Oct-2012)
Business Description
KOIKE SANSO KOGYO CO., LTD. is mainly engaged in the manufacture,
purchase and sale of machinery and equipment, high-pressure gas and welding
equipment. The Company operates in three business segments. The Machinery and
Equipment segment involves in the manufacture and sale of middle and
large-sized cutting machinery, automatic gas cutting machines and gas cutting
equipment, and welding machines, as well as the installation, maintenance and
service of middle and large-sized cutting machinery. The High-pressure Gas
segment involves in the manufacture, purchase and sale of various industrial
and medical gases, including oxygen, nitrogen, dissolved acetylene, argon and
propane gases, and the manufacture and sale of medical equipment. The Welding
Equipment segment involves in the manufacture, purchase and sale of welding
rods, electrical welding machines and safety protection equipment. As of March
31, 2012, the Company had 24 subsidiaries and 28 associated companies. For the
three months ended 30 June 2012, KOIKE SANSO KOGYO CO., LTD. revenues increased
3% to Y9.61B. Net income increased from Y54M to Y286M. Revenues reflect
Machinery And Equipment segment increase of 12% to Y4.14B, Welding Equipment
segment increase of 15% to Y1.78B. Net income benefited from Eliminations and
Corporate segment loss decrease of 39% to Y159M. Basic Earnings per Share
excluding Extraordinary Items increased from Y1.22 to Y6.81.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine Tool
and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 333515 - Cutting
Tool and Machine Tool Accessory Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
UK SIC 2007: 2841 - Manufacture
of metal forming machinery
US SIC 1987: 3545 - Cutting
Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices
Key Executives
|
Name |
Title |
|
Tetsuo Koike |
President, Chairman of Subsidiary, Representative Director |
|
Osamu Yokota |
Vice President, Director of Sales, Representative Director |
|
Yoichi Maruyama |
Director of Technology in Machinery Production Unit, Director |
|
Yasuhiro Koike |
Deputy Director of International, Director |
|
Kazuma Shimizu |
Co-Auditor |
Significant
Developments
|
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Manufacturing Jobs Increased 2.7% In
Upstate New York, Remain Stable Statewide, Reports Industrial Directory |
18-Oct-2012 |
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Full steam ahead for Koike Aronson
expansion |
25-Sep-2012 |
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WIPO PUBLISHES PATENT OF KOIKE SANSO KOGYO
FOR "RAIL" (JAPANESE INVENTORS) U.S. Fed News (266 Words) |
7-Sep-2012 |
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WIPO PUBLISHES PATENT OF KOIKE SANSO KOGYO
FOR "PRESSURE REGULATOR" (JAPANESE INVENTORS) |
16-Aug-2012 |
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Koike Sanso 1Q Grp Net Pft Y285.00M Vs
Y51.00M Pft Yr Earlier |
6-Aug-2012 |
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
3-4-8, Taihei, Sumida-ku
Tokyo, 130-0012
Japan
Tel: 81-3-36243111
Fax: 81-3-36243124
Web: www.koikeox.co.jp
Quote Symbol - Exchange
6137 - Tokyo Stock
Exchange
Sales JPY(mil): 40,896.0
Assets JPY(mil): 49,488.0
Employees: 1,009
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 08-Dec-1936
Company Type: Public
Parent
Quoted Status: Quoted
President,
Chairman of Subsidiary, Representative Director:
Tetsuo Koike
Company Web Links
Corporate History/Profile
Home Page
Investor Relations
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
2412 - Medical and Surgical Equipment Manufacturing
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
1811 - Industrial Gas Manufacturing
9429 - Other Machinery and Equipment Repair and Maintenance
NACE 2002 Codes:
2942 - Manufacture of other metalworking machine tools
2943 - Manufacture of other machine tools not elsewhere classified
5274 - Repair not elsewhere classified
2745 - Other non-ferrous metal production
2411 - Manufacture of industrial gases
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
NAICS 2002 Codes:
333515 - Cutting Tool and Machine Tool Accessory Manufacturing
333992 - Welding and Soldering Equipment Manufacturing
339112 - Surgical and Medical Instrument Manufacturing
811310 - Commercial and Industrial Machinery and Equipment (except
Automotive and Electronic) Repair and Maintenance
331491 - Nonferrous Metal (except Copper and Aluminum) Rolling,
Drawing, and Extruding
333512 - Machine Tool (Metal Cutting Types) Manufacturing
325120 - Industrial Gas Manufacturing
US SIC 1987:
3545 - Cutting Tools, Machine Tool Accessories, and Machinists'
Precision Measuring Devices
3841 - Surgical and Medical Instruments and Apparatus
3356 - Rolling, Drawing, and Extruding of Nonferrous Metals,
Except Copper and Aluminum
3548 - Electric and Gas Welding and Soldering Equipment
3541 - Machine Tools, Metal Cutting Types
2813 - Industrial Gases
7699 - Repair Shops and Related Services, Not Elsewhere Classified
UK SIC 2003:
2942 - Manufacture of other metalworking machine tools
2745 - Other non-ferrous metal production
5274 - Repair not elsewhere classified
2411 - Manufacture of industrial gases
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
2943 - Manufacture of other machine tools not elsewhere classified
UK SIC 2007:
2841 - Manufacture of metal forming machinery
2849 - Manufacture of other machine tools
2011 - Manufacture of industrial gases
3250 - Manufacture of medical and dental instruments and supplies
9529 - Repair of other personal and household goods
2445 - Other non-ferrous metal production
Business
Description
KOIKE SANSO KOGYO
CO., LTD. is mainly engaged in the manufacture, purchase and sale of machinery
and equipment, high-pressure gas and welding equipment. The Company operates in
three business segments. The Machinery and Equipment segment involves in the
manufacture and sale of middle and large-sized cutting machinery, automatic gas
cutting machines and gas cutting equipment, and welding machines, as well as
the installation, maintenance and service of middle and large-sized cutting
machinery. The High-pressure Gas segment involves in the manufacture, purchase
and sale of various industrial and medical gases, including oxygen, nitrogen,
dissolved acetylene, argon and propane gases, and the manufacture and sale of
medical equipment. The Welding Equipment segment involves in the manufacture,
purchase and sale of welding rods, electrical welding machines and safety
protection equipment. As of March 31, 2012, the Company had 24 subsidiaries and
28 associated companies. For the three months ended 30 June 2012, KOIKE SANSO
KOGYO CO., LTD. revenues increased 3% to Y9.61B. Net income increased from Y54M
to Y286M. Revenues reflect Machinery And Equipment segment increase of 12% to
Y4.14B, Welding Equipment segment increase of 15% to Y1.78B. Net income
benefited from Eliminations and Corporate segment loss decrease of 39% to
Y159M. Basic Earnings per Share excluding Extraordinary Items increased from
Y1.22 to Y6.81.
More Business
Descriptions
· Manufacture of gas powered machine tools particularly welding equipment and cutters
· Cutting & Welding Equipment & Medical Waste Disposal System Mfr
· Industrial Gas Manufacturing
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Corporate Family |
Corporate
Structure News: |
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KOIKE
SANSO KOGYO CO., LTD. |
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KOIKE SANSO KOGYO CO., LTD. |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Tokyo |
Japan |
Miscellaneous Capital Goods |
517.9 |
1,009 |
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Subsidiary |
Tokyo |
Japan |
Medical Equipment and Supplies |
67.0 |
138 |
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Subsidiary |
Arcade, NY |
United States |
Miscellaneous Capital Goods |
31.3 |
130 |
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Subsidiary |
Arcade, NY |
United States |
Healthcare Facilities |
|
100 |
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Subsidiary |
Zaandam |
Netherlands |
Miscellaneous Capital Goods |
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25 |
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Subsidiary |
Friedberg |
Germany |
Engineering Consultants |
450.0 |
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Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
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18 |
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Subsidiary |
Tangshan, Hebei |
China |
Engineering Consultants |
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Subsidiary |
Shiroi, Chiba |
Japan |
Miscellaneous Capital Goods |
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Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
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Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
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Subsidiary |
Isesaki |
Japan |
Miscellaneous Capital Goods |
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Executive report
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Board of
Directors |
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Board Member |
Director/Board Member |
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Managing Director, Director of International, Manager of India
Promotion Office, CEO of Subsidiary |
Director/Board Member |
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Director of Machinery Production, Director |
Director/Board Member |
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President, Chairman of Subsidiary, Representative Director |
Director/Board Member |
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Managing Director, General Manager of Subsidiary |
Director/Board Member |
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Deputy Director of International, Director |
Director/Board Member |
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Director of Gas, Director |
Director/Board Member |
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Director of Technology in Machinery Production Unit, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director-Gas |
Director/Board Member |
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Director of Solvent Product, Manager of Tokyo Office, Manager of
Eastern Japan Group, Director |
Director/Board Member |
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Managing Director, Director of Administration |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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Senior Managing Director, Director of Machinery Business, CEO &
President of Subsidiary |
Director/Board Member |
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Vice President, Director of Sales, Representative Director |
Director/Board Member |
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Executives |
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President, Chairman of Subsidiary, Representative Director |
President |
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Director of Solvent Product, Manager of Tokyo Office, Manager of
Eastern Japan Group, Director |
Division Head Executive |
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Managing Director, Director of International, Manager of India
Promotion Office, CEO of Subsidiary |
Managing Director |
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Director of Machinery Production, Director |
Managing Director |
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Managing Director, General Manager of Subsidiary |
Managing Director |
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Managing Director, Director of Administration |
Managing Director |
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Senior Managing Director, Director of Machinery Business, CEO &
President of Subsidiary |
Managing Director |
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Managing Director & Deputy Director-Sales |
Managing Director |
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Co-Auditor |
Finance Executive |
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Vice President, Director of Sales, Representative Director |
Sales Executive |
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Deputy Director of International, Director |
International Executive |
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Director of Technology in Machinery Production Unit, Director |
Engineering/Technical Executive |
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Director-Quality |
Quality Executive |
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Assistant Manager of Administration |
Other |
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Significant Developments
Koike Sanso Kogyo Co., Ltd. to Sell Asset; Expects Extraordinary Profit for FY 2013 and Extraordinary Loss for FY 2012; Amends Consolidated Full-year Outlook for FY 2012 Apr 23, 2012
Koike Sanso Kogyo Co., Ltd. announced that it has decided to sell a Chiba-based asset, at the price of JPY 1,050 million, on April 25, 2012. The Company is expecting an extraordinary loss of JPY 671 million due to this development, for the fiscal year ending March 2013. The Company also announced that it is expecting an extraordinary loss of JPY 1.212 billion as loss in depletion of fixed assets, for the fiscal year ended March 31, 2012. The Company has also raised the consolidated full-year outlook for revenue from JPY 40,000 million to JPY 40,900 million, reaffirmed full-year outlook for operating profit at JPY 1,200 million and ordinary profit at JPY 1,300 million, but has lowered full-year outlook for net profit from JPY 1,500 million to JPY 800 million and earning per share from JPY 35.81 to JPY 19.10 for the fiscal year ended March 31, 2012. The Company amended full-year outlook based recent business performance.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
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Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
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Auditor |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
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Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
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Net Sales |
517.9 |
426.5 |
418.7 |
537.6 |
467.3 |
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Revenue |
517.9 |
426.5 |
418.7 |
537.6 |
467.3 |
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Total Revenue |
517.9 |
426.5 |
418.7 |
537.6 |
467.3 |
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Cost of Revenue |
385.6 |
310.0 |
307.9 |
387.9 |
338.0 |
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Cost of Revenue, Total |
385.6 |
310.0 |
307.9 |
387.9 |
338.0 |
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Gross Profit |
132.3 |
116.4 |
110.8 |
149.7 |
129.3 |
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Selling/General/Administrative Expense |
61.6 |
56.8 |
55.5 |
55.7 |
45.3 |
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Labor & Related Expense |
45.2 |
39.3 |
37.1 |
43.0 |
37.0 |
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Total Selling/General/Administrative Expenses |
106.8 |
96.0 |
92.6 |
98.6 |
82.3 |
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Research & Development |
4.3 |
- |
- |
- |
- |
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Depreciation |
4.8 |
4.6 |
5.2 |
4.8 |
3.9 |
|
Depreciation/Amortization |
4.8 |
4.6 |
5.2 |
4.8 |
3.9 |
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Impairment-Assets Held for Use |
16.1 |
1.0 |
0.4 |
0.9 |
0.4 |
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Impairment-Assets Held for Sale |
0.2 |
0.5 |
0.1 |
1.3 |
0.0 |
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Other Unusual Expense (Income) |
-7.9 |
-4.0 |
0.1 |
0.2 |
-0.6 |
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Unusual Expense (Income) |
8.4 |
-2.5 |
0.6 |
2.4 |
-0.2 |
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Other Operating Expense |
0.0 |
- |
- |
- |
- |
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Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
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Total Operating Expense |
509.9 |
408.2 |
406.4 |
493.8 |
424.0 |
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Operating Income |
8.0 |
18.3 |
12.4 |
43.8 |
43.2 |
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Interest Expense -
Non-Operating |
-1.3 |
-1.4 |
-1.6 |
-1.6 |
-1.6 |
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Interest Expense, Net Non-Operating |
-1.3 |
-1.4 |
-1.6 |
-1.6 |
-1.6 |
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Interest Income -
Non-Operating |
0.3 |
0.2 |
0.2 |
0.6 |
0.7 |
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Investment Income -
Non-Operating |
0.3 |
-1.2 |
1.4 |
-2.1 |
-0.3 |
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Interest/Investment Income - Non-Operating |
0.6 |
-0.9 |
1.7 |
-1.5 |
0.4 |
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Interest Income (Expense) - Net Non-Operating Total |
-0.7 |
-2.4 |
0.1 |
-3.1 |
-1.2 |
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Gain (Loss) on Sale of Assets |
12.3 |
14.6 |
4.0 |
-0.6 |
-1.0 |
|
Other Non-Operating Income (Expense) |
1.2 |
0.9 |
0.7 |
0.8 |
0.8 |
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Other, Net |
1.2 |
0.9 |
0.7 |
0.8 |
0.8 |
|
Income Before Tax |
20.8 |
31.5 |
17.2 |
40.9 |
41.8 |
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|
|
|
|
|
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Total Income Tax |
6.2 |
14.2 |
6.8 |
15.8 |
16.6 |
|
Income After Tax |
14.6 |
17.3 |
10.4 |
25.1 |
25.2 |
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Minority Interest |
-2.2 |
-1.8 |
-1.1 |
-2.3 |
-2.2 |
|
Net Income Before Extraord Items |
12.5 |
15.5 |
9.3 |
22.8 |
23.0 |
|
Net Income |
12.5 |
15.5 |
9.3 |
22.8 |
23.0 |
|
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|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
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Income Available to Common Excl Extraord Items |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
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|
|
|
Income Available to Common Incl Extraord Items |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
41.9 |
41.9 |
41.9 |
42.2 |
42.4 |
|
Basic EPS Excl Extraord Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Basic/Primary EPS Incl Extraord Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
|
Diluted Weighted Average Shares |
41.9 |
41.9 |
41.9 |
42.2 |
42.4 |
|
Diluted EPS Excl Extraord Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Diluted EPS Incl Extraord Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Dividends per Share - Common Stock Primary Issue |
0.09 |
0.06 |
0.06 |
0.07 |
0.09 |
|
Gross Dividends - Common Stock |
3.7 |
3.4 |
2.7 |
3.1 |
3.7 |
|
Interest Expense, Supplemental |
1.3 |
1.4 |
1.6 |
1.6 |
1.6 |
|
Depreciation, Supplemental |
4.8 |
14.6 |
11.9 |
9.1 |
6.9 |
|
Total Special Items |
-1.9 |
-15.5 |
-2.0 |
4.2 |
1.7 |
|
Normalized Income Before Tax |
18.9 |
16.0 |
15.3 |
45.2 |
43.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-1.2 |
-7.7 |
-1.4 |
1.1 |
0.3 |
|
Inc Tax Ex Impact of Sp Items |
5.0 |
6.5 |
5.4 |
17.0 |
16.9 |
|
Normalized Income After Tax |
13.9 |
9.5 |
9.8 |
28.2 |
26.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
11.7 |
7.7 |
8.6 |
25.8 |
24.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.28 |
0.18 |
0.21 |
0.61 |
0.57 |
|
Diluted Normalized EPS |
0.28 |
0.18 |
0.21 |
0.61 |
0.57 |
|
Amort of Acquisition Costs, Supplemental |
2.0 |
1.7 |
1.5 |
1.3 |
0.9 |
|
Research & Development Exp, Supplemental |
4.3 |
4.3 |
2.2 |
3.4 |
3.3 |
|
Reported Operating Profit |
16.4 |
15.7 |
12.8 |
46.1 |
43.3 |
|
Reported Ordinary Profit |
17.0 |
14.2 |
13.7 |
43.7 |
41.8 |
|
Normalized EBIT |
16.4 |
15.8 |
12.9 |
46.2 |
43.0 |
|
Normalized EBITDA |
23.2 |
32.1 |
26.4 |
56.6 |
50.8 |
|
Current Tax - Total |
11.2 |
- |
- |
- |
- |
|
Current Tax - Total |
11.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
-5.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
-5.0 |
- |
- |
- |
- |
|
Income Tax - Total |
6.2 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
0.1 |
0.3 |
0.4 |
0.4 |
0.3 |
|
Service Cost - Domestic |
0.9 |
1.5 |
2.1 |
2.2 |
1.3 |
|
Prior Service Cost - Domestic |
-0.1 |
0.0 |
- |
- |
- |
|
Expected Return on Assets - Domestic |
0.0 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Actuarial Gains and Losses - Domestic |
-0.1 |
0.2 |
0.7 |
0.2 |
-0.2 |
|
Other Pension, Net - Domestic |
1.2 |
- |
- |
- |
- |
|
Domestic Pension Plan Expense |
2.0 |
1.8 |
3.1 |
2.6 |
1.2 |
|
Transition Costs - Foreign |
- |
-0.3 |
- |
- |
- |
|
Foreign Pension Plan Expense |
- |
-0.3 |
- |
- |
- |
|
Defined Contribution Expense - Domestic |
0.0 |
0.6 |
0.0 |
- |
- |
|
Total Pension Expense |
2.0 |
2.1 |
3.1 |
2.6 |
1.2 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
0.1 |
0.3 |
0.4 |
0.4 |
0.3 |
|
Total Plan Service Cost |
0.9 |
1.5 |
2.1 |
2.2 |
1.3 |
|
Total Plan Expected Return |
0.0 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Total Plan Other Expense |
1.2 |
- |
- |
- |
- |
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 |
Toko Audit
Corporation |
Toko Audit Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
88.9 |
76.9 |
71.8 |
62.2 |
74.4 |
|
Short Term Investments |
0.9 |
0.9 |
0.8 |
0.7 |
0.8 |
|
Cash and Short Term Investments |
89.8 |
77.8 |
72.6 |
62.9 |
75.2 |
|
Accounts Receivable -
Trade, Gross |
164.5 |
158.0 |
134.2 |
165.7 |
167.7 |
|
Provision for Doubtful
Accounts |
-3.0 |
-3.2 |
-3.3 |
-2.7 |
-1.5 |
|
Trade Accounts Receivable - Net |
161.5 |
154.8 |
131.0 |
163.0 |
166.2 |
|
Total Receivables, Net |
161.5 |
154.8 |
131.0 |
163.0 |
166.2 |
|
Inventories - Finished Goods |
54.1 |
47.2 |
48.1 |
57.6 |
- |
|
Inventories - Work In Progress |
20.5 |
21.6 |
13.6 |
21.8 |
- |
|
Inventories - Raw Materials |
22.9 |
18.1 |
17.5 |
20.1 |
- |
|
Total Inventory |
97.5 |
86.9 |
79.2 |
99.5 |
97.9 |
|
Deferred Income Tax - Current Asset |
5.1 |
6.0 |
6.3 |
7.9 |
7.4 |
|
Other Current Assets |
13.0 |
10.2 |
12.2 |
7.3 |
6.9 |
|
Other Current Assets, Total |
18.1 |
16.2 |
18.5 |
15.2 |
14.3 |
|
Total Current Assets |
367.0 |
335.6 |
301.3 |
340.6 |
353.5 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
185.9 |
201.8 |
175.0 |
154.0 |
139.8 |
|
Goodwill, Net |
1.1 |
2.6 |
3.5 |
4.8 |
5.5 |
|
Intangibles, Net |
5.1 |
5.0 |
3.4 |
3.8 |
3.7 |
|
LT Investment - Affiliate Companies |
11.4 |
8.6 |
- |
- |
- |
|
LT Investments - Other |
25.3 |
17.6 |
27.5 |
21.5 |
28.2 |
|
Long Term Investments |
36.8 |
26.2 |
27.5 |
21.5 |
28.2 |
|
Deferred Income Tax - Long Term Asset |
1.4 |
1.1 |
0.7 |
0.9 |
0.4 |
|
Other Long Term Assets |
3.4 |
12.6 |
11.3 |
12.1 |
12.1 |
|
Other Long Term Assets, Total |
4.8 |
13.7 |
12.1 |
13.0 |
12.4 |
|
Total Assets |
600.7 |
584.9 |
522.7 |
537.7 |
543.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
136.2 |
112.4 |
94.6 |
136.9 |
154.5 |
|
Accrued Expenses |
6.1 |
5.0 |
4.8 |
6.4 |
5.2 |
|
Notes Payable/Short Term Debt |
36.2 |
44.8 |
36.0 |
38.9 |
28.5 |
|
Current Portion - Long Term Debt/Capital Leases |
19.5 |
22.4 |
19.6 |
18.4 |
23.3 |
|
Income Taxes Payable |
6.7 |
5.2 |
1.4 |
6.7 |
12.0 |
|
Other Current Liabilities |
31.7 |
50.8 |
55.7 |
38.6 |
37.1 |
|
Other Current liabilities, Total |
38.3 |
56.0 |
57.1 |
45.3 |
49.0 |
|
Total Current Liabilities |
236.3 |
240.5 |
212.0 |
245.9 |
260.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
30.7 |
13.8 |
27.2 |
38.4 |
40.2 |
|
Capital Lease Obligations |
5.3 |
6.1 |
5.0 |
3.7 |
0.0 |
|
Total Long Term Debt |
36.0 |
19.9 |
32.2 |
42.1 |
40.2 |
|
Total Debt |
91.7 |
87.1 |
87.8 |
99.4 |
92.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
36.2 |
43.8 |
34.5 |
29.7 |
31.4 |
|
Deferred Income Tax |
36.2 |
43.8 |
34.5 |
29.7 |
31.4 |
|
Minority Interest |
16.4 |
15.7 |
12.9 |
11.1 |
10.5 |
|
Reserves |
0.2 |
0.1 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
5.9 |
5.8 |
5.1 |
4.2 |
7.1 |
|
Other Long Term Liabilities |
5.6 |
5.4 |
5.1 |
4.7 |
1.9 |
|
Other Liabilities, Total |
11.7 |
11.4 |
10.2 |
8.9 |
8.9 |
|
Total Liabilities |
336.6 |
331.3 |
301.9 |
337.7 |
351.6 |
|
|
|
|
|
|
|
|
Common Stock |
48.9 |
48.6 |
43.1 |
40.8 |
40.5 |
|
Common Stock |
48.9 |
48.6 |
43.1 |
40.8 |
40.5 |
|
Additional Paid-In Capital |
28.6 |
28.4 |
25.2 |
23.9 |
23.7 |
|
Retained Earnings (Accumulated Deficit) |
196.1 |
201.3 |
166.7 |
151.6 |
131.6 |
|
Treasury Stock - Common |
-10.0 |
-9.9 |
-8.8 |
-8.2 |
-6.9 |
|
Unrealized Gain (Loss) |
19.0 |
2.0 |
4.6 |
2.3 |
6.2 |
|
Translation Adjustment |
-18.4 |
-16.8 |
-10.1 |
-10.4 |
-3.5 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-18.4 |
-16.8 |
-10.1 |
-10.4 |
-3.5 |
|
Total Equity |
264.1 |
253.6 |
220.9 |
200.0 |
191.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
600.7 |
584.9 |
522.7 |
537.7 |
543.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
41.9 |
41.9 |
41.9 |
41.9 |
42.4 |
|
Total Common Shares Outstanding |
41.9 |
41.9 |
41.9 |
41.9 |
42.4 |
|
Treasury Shares - Common Stock Primary Issue |
3.4 |
3.3 |
3.3 |
3.3 |
2.9 |
|
Employees |
1,009 |
978 |
1,023 |
1,133 |
1,041 |
|
Number of Common Shareholders |
3,539 |
3,646 |
3,566 |
3,561 |
3,413 |
|
Total Long Term Debt, Supplemental |
46.4 |
32.7 |
44.8 |
55.4 |
63.5 |
|
Long Term Debt Maturing within 1 Year |
15.7 |
18.9 |
17.6 |
17.0 |
23.3 |
|
Long Term Debt Maturing in Year 2 |
10.7 |
9.0 |
16.5 |
15.1 |
13.8 |
|
Long Term Debt Maturing in Year 3 |
7.2 |
4.0 |
7.9 |
14.4 |
11.9 |
|
Long Term Debt Maturing in Year 4 |
7.0 |
0.6 |
2.8 |
6.2 |
11.1 |
|
Long Term Debt Maturing in Year 5 |
5.7 |
0.1 |
0.0 |
2.7 |
3.5 |
|
Long Term Debt Maturing in 2-3 Years |
18.0 |
13.1 |
24.4 |
29.5 |
25.7 |
|
Long Term Debt Maturing in 4-5 Years |
12.7 |
0.7 |
2.8 |
8.9 |
14.5 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
9.1 |
9.6 |
7.0 |
5.2 |
- |
|
Capital Lease Payments Due in Year 1 |
3.8 |
3.5 |
2.0 |
1.5 |
- |
|
Capital Lease Payments Due in Year 2 |
2.6 |
2.9 |
2.0 |
1.0 |
- |
|
Capital Lease Payments Due in Year 3 |
1.6 |
1.9 |
1.5 |
1.0 |
- |
|
Capital Lease Payments Due in Year 4 |
0.5 |
0.7 |
0.8 |
0.6 |
- |
|
Capital Lease Payments Due in Year 5 |
0.1 |
0.1 |
0.3 |
1.1 |
- |
|
Capital Lease Payments Due in 2-3 Years |
4.3 |
4.8 |
3.4 |
2.0 |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.6 |
0.8 |
1.1 |
1.7 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.4 |
0.5 |
0.5 |
0.0 |
- |
|
Pension Obligation - Domestic |
9.7 |
9.9 |
22.7 |
23.0 |
20.6 |
|
Plan Assets - Domestic |
8.0 |
8.4 |
19.1 |
15.3 |
17.5 |
|
Funded Status - Domestic |
-1.7 |
-1.4 |
-3.6 |
-7.6 |
-3.1 |
|
Total Funded Status |
-1.7 |
-1.4 |
-3.6 |
-7.6 |
-3.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Accrued Liabilities - Domestic |
-3.4 |
-3.6 |
-3.5 |
-2.5 |
-2.3 |
|
Other Assets, Net - Domestic |
-1.7 |
-2.2 |
0.2 |
5.1 |
0.8 |
|
Net Assets Recognized on Balance Sheet |
-5.1 |
-5.8 |
-3.3 |
2.6 |
-1.6 |
|
Total Plan Obligations |
9.7 |
9.9 |
22.7 |
23.0 |
20.6 |
|
Total Plan Assets |
8.0 |
8.4 |
19.1 |
15.3 |
17.5 |
|
|
|
|
|
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 |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
20.8 |
31.5 |
17.2 |
40.9 |
41.8 |
|
Depreciation |
17.0 |
14.6 |
11.9 |
9.1 |
6.9 |
|
Depreciation/Depletion |
17.0 |
14.6 |
11.9 |
9.1 |
6.9 |
|
Amortization of Acquisition Costs |
2.0 |
1.7 |
1.5 |
1.3 |
0.9 |
|
Amortization |
2.0 |
1.7 |
1.5 |
1.3 |
0.9 |
|
Unusual Items |
-3.4 |
-10.3 |
-3.3 |
2.7 |
-0.4 |
|
Other Non-Cash Items |
0.5 |
0.9 |
1.7 |
2.0 |
-1.1 |
|
Non-Cash Items |
-2.9 |
-9.4 |
-1.6 |
4.7 |
-1.5 |
|
Accounts Receivable |
3.0 |
-11.6 |
33.0 |
-4.7 |
6.5 |
|
Inventories |
-11.7 |
-3.0 |
27.6 |
-10.6 |
-16.3 |
|
Accounts Payable |
23.1 |
6.7 |
-52.0 |
-7.3 |
15.4 |
|
Accrued Expenses |
1.2 |
-0.3 |
-2.0 |
1.1 |
0.4 |
|
Taxes Payable |
-0.3 |
-1.8 |
2.4 |
-0.2 |
-0.1 |
|
Other Operating Cash Flow |
-13.6 |
-3.4 |
-19.1 |
-23.9 |
-9.7 |
|
Changes in Working Capital |
1.7 |
-13.4 |
-9.9 |
-45.5 |
-3.8 |
|
Cash from Operating Activities |
38.7 |
24.9 |
19.0 |
10.4 |
44.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-25.2 |
-12.0 |
-22.6 |
-16.8 |
-9.4 |
|
Purchase/Acquisition of Intangibles |
-3.4 |
-2.7 |
-0.4 |
-1.0 |
-0.9 |
|
Capital Expenditures |
-28.6 |
-14.7 |
-23.0 |
-17.8 |
-10.3 |
|
Sale of Fixed Assets |
2.0 |
1.1 |
3.7 |
0.1 |
0.8 |
|
Sale/Maturity of Investment |
10.0 |
3.3 |
4.0 |
8.6 |
2.1 |
|
Purchase of Investments |
-12.6 |
-6.4 |
-2.5 |
-11.6 |
-3.7 |
|
Sale of Intangible Assets |
0.0 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Other Investing Cash Flow |
6.7 |
4.6 |
30.4 |
3.3 |
0.0 |
|
Other Investing Cash Flow Items, Total |
6.1 |
3.1 |
35.6 |
0.4 |
-0.7 |
|
Cash from Investing Activities |
-22.4 |
-11.6 |
12.6 |
-17.4 |
-11.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-4.5 |
-3.0 |
-1.6 |
-0.4 |
-0.3 |
|
Financing Cash Flow Items |
-4.5 |
-3.0 |
-1.6 |
-0.4 |
-0.3 |
|
Cash Dividends Paid - Common |
-3.7 |
-2.9 |
-3.4 |
-4.2 |
-2.8 |
|
Total Cash Dividends Paid |
-3.7 |
-2.9 |
-3.4 |
-4.2 |
-2.8 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.3 |
0.5 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-0.1 |
-1.6 |
-0.5 |
|
Common Stock, Net |
0.0 |
0.0 |
-0.1 |
-1.3 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
-0.1 |
-1.3 |
0.0 |
|
Short Term Debt, Net |
-9.2 |
5.2 |
-5.4 |
11.2 |
-4.7 |
|
Long Term Debt Issued |
34.6 |
2.3 |
4.8 |
14.9 |
22.0 |
|
Long Term Debt
Reduction |
-20.5 |
-19.5 |
-18.6 |
-23.4 |
-23.8 |
|
Long Term Debt, Net |
14.1 |
-17.2 |
-13.8 |
-8.5 |
-1.8 |
|
Issuance (Retirement) of Debt, Net |
4.8 |
-12.0 |
-19.2 |
2.7 |
-6.5 |
|
Cash from Financing Activities |
-3.4 |
-18.0 |
-24.2 |
-3.2 |
-9.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-1.9 |
0.4 |
-3.8 |
0.1 |
|
Net Change in Cash |
12.0 |
-6.5 |
7.8 |
-14.0 |
23.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
76.0 |
76.6 |
62.8 |
72.1 |
39.7 |
|
Net Cash - Ending Balance |
88.1 |
70.1 |
70.6 |
58.1 |
63.4 |
|
Cash Interest Paid |
1.3 |
1.4 |
1.5 |
1.6 |
1.6 |
|
Cash Taxes Paid |
9.7 |
-1.9 |
13.6 |
20.4 |
11.0 |
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 |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
517.9 |
426.5 |
418.7 |
537.6 |
467.3 |
|
Total Revenue |
517.9 |
426.5 |
418.7 |
537.6 |
467.3 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Research and Development Expense(in SGA) |
4.3 |
- |
- |
- |
- |
|
Total cost of sales |
385.6 |
310.0 |
307.9 |
387.9 |
337.7 |
|
Other Selling/General/Admin. Expense |
0.1 |
- |
- |
- |
- |
|
Other Other SGA |
40.5 |
- |
- |
- |
- |
|
Shipping |
13.9 |
12.3 |
11.4 |
11.7 |
10.1 |
|
Provision for directors'' retirement ben |
0.4 |
- |
- |
- |
- |
|
Retirement benefit expenses |
1.5 |
- |
- |
- |
- |
|
Salary |
39.7 |
34.2 |
31.5 |
36.9 |
32.9 |
|
Commission Paid |
5.4 |
4.1 |
3.9 |
4.8 |
4.0 |
|
Depreciation |
4.8 |
4.6 |
5.2 |
4.8 |
3.9 |
|
Res. Doubtful Acct. |
1.8 |
0.8 |
0.8 |
1.4 |
0.1 |
|
Res. Bonus Allow. |
2.9 |
2.8 |
2.8 |
3.2 |
2.8 |
|
Provision for directors'' bonuses |
0.7 |
0.6 |
0.6 |
0.8 |
0.3 |
|
Res. Accr. Retire. |
- |
1.6 |
2.2 |
2.1 |
1.0 |
|
Res. Dir. Retir Bnft |
- |
0.3 |
0.2 |
0.2 |
0.4 |
|
Other Sell/Gen/Admin |
- |
39.3 |
39.2 |
37.5 |
30.7 |
|
Insurance income |
-0.4 |
- |
- |
- |
- |
|
Gain on negative goodwill |
-0.7 |
- |
- |
- |
- |
|
SP Rev. Doubt. Acct. |
0.0 |
-0.2 |
0.0 |
- |
0.0 |
|
SP Reversal-pension plan |
0.0 |
-0.3 |
0.0 |
- |
- |
|
SP G on adjust for change of inventories |
0.0 |
-1.9 |
0.0 |
- |
- |
|
SP Gain-Prior Adjust. |
- |
- |
- |
0.0 |
-0.5 |
|
SP Condemnation proceeds |
-9.3 |
-3.0 |
-1.3 |
0.0 |
- |
|
SP Insurance Money Rcvd |
- |
- |
0.0 |
-0.4 |
0.0 |
|
SP Rev. retirement benefits |
- |
- |
- |
0.0 |
-0.4 |
|
SP Other Special Gain |
0.0 |
0.0 |
-0.3 |
0.0 |
0.0 |
|
SP Reval. Invest. Sec. |
0.2 |
0.0 |
0.1 |
1.3 |
0.0 |
|
SP Impairment Loss |
16.1 |
1.0 |
0.4 |
0.9 |
0.4 |
|
SP Reval. Membership |
0.0 |
0.5 |
0.0 |
- |
- |
|
SP L on adj for changes of acct |
0.0 |
0.0 |
0.0 |
- |
- |
|
SP Retire. benefits |
- |
- |
- |
- |
0.0 |
|
SP Factory Transfer Cost |
2.2 |
1.3 |
1.5 |
0.0 |
- |
|
SP Resv. the U.S. pension liquidation |
- |
- |
- |
0.0 |
0.2 |
|
SP Damage compensation |
- |
- |
0.0 |
0.4 |
0.0 |
|
SP Loss on disaster |
0.5 |
0.0 |
0.0 |
- |
- |
|
SP Other Special Loss |
- |
0.0 |
0.2 |
0.2 |
0.0 |
|
NOP Val. Loss-Inventory |
- |
- |
- |
0.0 |
0.3 |
|
Total Operating Expense |
509.9 |
408.2 |
406.4 |
493.8 |
424.0 |
|
|
|
|
|
|
|
|
SP Gain-Fix. Asset Sale |
13.3 |
14.8 |
4.4 |
0.0 |
0.0 |
|
SP Gain Sale Investment Securities |
0.0 |
0.1 |
0.0 |
0.2 |
0.0 |
|
SP Asset Sell&Write Off |
-1.0 |
-0.2 |
-0.3 |
-0.6 |
-0.3 |
|
NOP Interest Income |
0.3 |
0.2 |
0.2 |
0.6 |
0.7 |
|
NOP Dividends Income |
0.7 |
0.7 |
0.6 |
0.7 |
0.5 |
|
Reversal Of Allowance For Doubtful Accou |
0.6 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Rent Income |
1.1 |
1.0 |
1.0 |
0.9 |
0.8 |
|
NOP Exchange Gain |
- |
0.0 |
0.9 |
0.0 |
- |
|
NOP Gain on Sale of Scrap & Waste |
0.4 |
0.4 |
0.2 |
0.4 |
0.7 |
|
NOP Other Non-Op Income |
0.6 |
0.9 |
0.5 |
0.6 |
0.3 |
|
NOP Interest Expense |
-1.3 |
-1.4 |
-1.6 |
-1.6 |
-1.6 |
|
NOP Cost of Rent |
-0.9 |
-0.8 |
-0.6 |
-0.6 |
-0.5 |
|
NOP Exchange Loss |
-0.4 |
-1.9 |
0.0 |
-3.0 |
-0.8 |
|
NOP L on disp. of inventories |
- |
- |
- |
0.0 |
-0.7 |
|
NOP Other Non-Op Expense |
-0.5 |
-0.6 |
-0.3 |
-0.4 |
-0.5 |
|
Net Income Before Taxes |
20.8 |
31.5 |
17.2 |
40.9 |
41.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
6.2 |
14.2 |
6.8 |
15.8 |
16.6 |
|
Net Income After Taxes |
14.6 |
17.3 |
10.4 |
25.1 |
25.2 |
|
|
|
|
|
|
|
|
Minority interests in income |
-2.2 |
-1.8 |
-1.1 |
-2.3 |
-2.2 |
|
Net Income Before Extra. Items |
12.5 |
15.5 |
9.3 |
22.8 |
23.0 |
|
Net Income |
12.5 |
15.5 |
9.3 |
22.8 |
23.0 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Directors' Bonus |
- |
- |
- |
- |
0.0 |
|
Rounding Adjustment |
- |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
41.9 |
41.9 |
41.9 |
42.2 |
42.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Basic EPS Including ExtraOrdinary Item |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
12.5 |
15.5 |
9.2 |
22.7 |
23.0 |
|
Diluted Weighted Average Shares |
41.9 |
41.9 |
41.9 |
42.2 |
42.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
Diluted EPS Including ExtraOrd Items |
0.30 |
0.37 |
0.22 |
0.54 |
0.54 |
|
DPS-Common Stock |
0.09 |
0.06 |
0.06 |
0.07 |
0.09 |
|
Gross Dividends - Common Stock |
3.7 |
3.4 |
2.7 |
3.1 |
3.7 |
|
Normalized Income Before Taxes |
18.9 |
16.0 |
15.3 |
45.2 |
43.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
5.0 |
6.5 |
5.4 |
17.0 |
16.9 |
|
Normalized Income After Taxes |
13.9 |
9.5 |
9.8 |
28.2 |
26.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
11.7 |
7.7 |
8.6 |
25.8 |
24.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.28 |
0.18 |
0.21 |
0.61 |
0.57 |
|
Diluted Normalized EPS |
0.28 |
0.18 |
0.21 |
0.61 |
0.57 |
|
Interest expense, supplemental |
1.3 |
1.4 |
1.6 |
1.6 |
1.6 |
|
Depreciation |
4.8 |
- |
- |
- |
- |
|
Depreciation, supplemental |
- |
14.6 |
11.9 |
9.1 |
6.9 |
|
Amortization of Goodwill - footnote |
2.0 |
- |
- |
- |
- |
|
Amortization of goodwill, supplemental |
- |
1.7 |
1.5 |
1.3 |
0.9 |
|
Total Research And Development Expense |
4.3 |
4.3 |
2.2 |
3.4 |
3.3 |
|
Income taxes-current |
11.2 |
- |
- |
- |
- |
|
Current Tax - Total |
11.2 |
- |
- |
- |
- |
|
Income taxes-deferred |
-5.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
-5.0 |
- |
- |
- |
- |
|
Income Tax - Total |
6.2 |
- |
- |
- |
- |
|
Reported operating profit |
16.4 |
15.7 |
12.8 |
46.1 |
43.3 |
|
Reported ordinary profit |
17.0 |
14.2 |
13.7 |
43.7 |
41.8 |
|
Retirement Benefit Expenses Other |
1.2 |
- |
- |
- |
- |
|
Service Cost |
0.9 |
1.5 |
2.1 |
2.2 |
1.3 |
|
Interest Cost |
0.1 |
0.3 |
0.4 |
0.4 |
0.3 |
|
Expected Return on Plan Assets |
0.0 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Actuarial Gains and Losses |
-0.1 |
0.2 |
0.7 |
0.2 |
-0.2 |
|
Amortization of Prior Service Cost |
-0.1 |
- |
- |
- |
- |
|
Prior Service Cost |
- |
0.0 |
- |
- |
- |
|
Domestic Pension Plan Expense |
2.0 |
1.8 |
3.1 |
2.6 |
1.2 |
|
Transit. L/ G to Defined Contri. Plan |
- |
-0.3 |
- |
- |
- |
|
Foreign Pension Plan Expense |
- |
-0.3 |
- |
- |
- |
|
Retirement Benefit Expenses Gain Or Loss |
0.0 |
- |
- |
- |
- |
|
Defined Contribution Expense - Domestic |
- |
0.6 |
0.0 |
- |
- |
|
Total Pension Expense |
2.0 |
2.1 |
3.1 |
2.6 |
1.2 |
|
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 |
- |
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 |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
88.9 |
76.9 |
71.8 |
62.2 |
74.4 |
|
Notes and accounts receivable-trade |
164.5 |
158.0 |
134.2 |
165.7 |
167.7 |
|
Short-term investment securities |
0.9 |
0.9 |
0.8 |
0.7 |
0.8 |
|
Inventories, net |
- |
- |
- |
- |
97.9 |
|
Inventories-merchandise & finished goods |
54.1 |
47.2 |
48.1 |
57.6 |
- |
|
Inventories - work-in-process |
20.5 |
21.6 |
13.6 |
21.8 |
- |
|
Inventories - raw materials & supplies |
22.9 |
18.1 |
17.5 |
20.1 |
- |
|
Dfd. Tax Assets |
5.1 |
6.0 |
6.3 |
7.9 |
7.4 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Cur. Asset |
13.0 |
10.2 |
12.2 |
7.3 |
6.9 |
|
Doubtful Account |
-3.0 |
-3.2 |
-3.3 |
-2.7 |
-1.5 |
|
Total Current Assets |
367.0 |
335.6 |
301.3 |
340.6 |
353.5 |
|
|
|
|
|
|
|
|
other total PPE, net |
0.0 |
- |
- |
- |
- |
|
Buildings and structures, net |
47.6 |
48.6 |
39.8 |
33.5 |
25.2 |
|
Machinery, equipment and vehicles, net |
12.3 |
19.3 |
16.4 |
14.6 |
12.7 |
|
Containers |
- |
- |
- |
- |
0.0 |
|
Tools, furniture and fixtures, net |
5.9 |
6.4 |
7.1 |
8.0 |
8.2 |
|
Land |
111.0 |
114.0 |
102.0 |
90.9 |
90.9 |
|
Lease assets, net |
8.2 |
8.8 |
6.4 |
4.9 |
0.0 |
|
Construction IP |
0.7 |
4.7 |
3.3 |
2.1 |
2.8 |
|
Goodwill |
1.1 |
2.6 |
3.5 |
4.8 |
5.5 |
|
Lease assets, intangible |
0.2 |
0.1 |
0.1 |
0.0 |
- |
|
Other intangible assets |
4.8 |
4.9 |
3.3 |
3.8 |
3.7 |
|
Invt Secs Noncons, Asc, Affd Cos |
11.4 |
- |
- |
- |
- |
|
Affiliate stock |
- |
8.6 |
- |
- |
- |
|
Investment Sec. |
25.3 |
17.6 |
27.5 |
21.5 |
28.2 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
5.8 |
- |
- |
- |
- |
|
Sp. Asset-Retire |
- |
- |
- |
- |
0.0 |
|
Other Assets |
- |
14.2 |
12.5 |
13.4 |
13.1 |
|
Deferred tax assets |
1.4 |
1.1 |
0.7 |
0.9 |
0.4 |
|
Doubtful Account |
-2.4 |
-1.6 |
-1.2 |
-1.2 |
-1.0 |
|
Translation Adj. |
- |
- |
- |
0.0 |
- |
|
Total Assets |
600.7 |
584.9 |
522.7 |
537.7 |
543.2 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
136.2 |
112.4 |
94.6 |
136.9 |
154.5 |
|
Short-term loans payable |
36.2 |
44.8 |
36.0 |
38.9 |
28.5 |
|
Current portion of long-term loans payab |
13.2 |
11.7 |
12.4 |
10.4 |
12.2 |
|
Curr-P Redemption Bond |
2.5 |
7.2 |
5.1 |
6.6 |
11.1 |
|
Lease obligation |
3.8 |
3.5 |
2.0 |
1.5 |
0.0 |
|
Tax Payable |
6.7 |
5.2 |
1.4 |
6.7 |
12.0 |
|
Bonus Allowance |
5.4 |
4.3 |
4.2 |
5.5 |
4.7 |
|
Provision for directors'' bonuses |
0.7 |
0.7 |
0.6 |
0.8 |
0.4 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Reserve for order losses |
0.2 |
0.3 |
0.0 |
0.1 |
0.0 |
|
Product Allow. |
0.2 |
0.1 |
0.1 |
0.3 |
0.3 |
|
Resv. for the U.S. pension liquidation |
- |
- |
- |
0.0 |
1.1 |
|
Other Cur. Liabs |
31.2 |
50.4 |
55.6 |
38.2 |
35.7 |
|
Total Current Liabilities |
236.3 |
240.5 |
212.0 |
245.9 |
260.5 |
|
|
|
|
|
|
|
|
Corporate Debt |
2.9 |
3.3 |
9.3 |
13.7 |
15.1 |
|
Long-term loans payable |
27.8 |
10.5 |
17.9 |
24.7 |
25.2 |
|
Lease obligation |
5.3 |
6.1 |
5.0 |
3.7 |
0.0 |
|
Total Long Term Debt |
36.0 |
19.9 |
32.2 |
42.1 |
40.2 |
|
|
|
|
|
|
|
|
Dfd. Tax Liabs. |
20.9 |
26.2 |
19.0 |
14.5 |
16.2 |
|
Reval. Dfd. Tax |
15.3 |
17.6 |
15.5 |
15.2 |
15.3 |
|
Accr Retir Allow |
3.4 |
3.6 |
3.5 |
2.5 |
2.3 |
|
Provision for directors'' retirement ben |
2.5 |
2.2 |
1.7 |
1.7 |
4.7 |
|
Asset retirement obligations |
0.2 |
0.1 |
0.0 |
- |
- |
|
Other Long Term Liabilities |
0.1 |
- |
- |
- |
- |
|
Other Liability |
5.5 |
5.4 |
5.1 |
4.7 |
1.9 |
|
Minority Int. |
16.4 |
15.7 |
12.9 |
11.1 |
10.5 |
|
Total Liabilities |
336.6 |
331.3 |
301.9 |
337.7 |
351.6 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
48.9 |
48.6 |
43.1 |
40.8 |
40.5 |
|
Total capital surpluses |
28.6 |
28.4 |
25.2 |
23.9 |
23.7 |
|
Total retained earnings |
196.1 |
201.3 |
166.7 |
151.6 |
131.6 |
|
Treasury Stock |
-10.0 |
-9.9 |
-8.8 |
-8.2 |
-6.9 |
|
Valuation difference on available-for-sa |
4.0 |
3.9 |
6.0 |
3.0 |
6.7 |
|
Equity Held-Sub. |
- |
0.0 |
0.0 |
- |
- |
|
Reval. Excess |
15.0 |
-1.9 |
-1.4 |
-0.7 |
-0.5 |
|
Translation Adj. |
-18.4 |
-16.8 |
-10.1 |
-10.4 |
-3.5 |
|
Total Equity |
264.1 |
253.6 |
220.9 |
200.0 |
191.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
600.7 |
584.9 |
522.7 |
537.7 |
543.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
41.9 |
41.9 |
41.9 |
41.9 |
42.4 |
|
Total Common Shares Outstanding |
41.9 |
41.9 |
41.9 |
41.9 |
42.4 |
|
T/S-Common Stock |
3.4 |
3.3 |
3.3 |
3.3 |
2.9 |
|
Full-Time Employees |
1,009 |
978 |
1,023 |
1,133 |
1,041 |
|
Total Number of Shareholders |
3,539 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
3,646 |
3,566 |
3,561 |
3,413 |
|
Within One Year |
2.5 |
- |
- |
- |
- |
|
Division And End Of Current Period Remai |
13.2 |
- |
- |
- |
- |
|
other LT debt |
0.0 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 1 yr. |
- |
18.9 |
17.6 |
17.0 |
23.3 |
|
Over One Year And Within Two Years |
1.7 |
- |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
9.0 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 2 yr. |
- |
9.0 |
16.5 |
15.1 |
13.8 |
|
Over Two Years And Within Three Years |
0.5 |
- |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
6.7 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 3 yr. |
- |
4.0 |
7.9 |
14.4 |
11.9 |
|
Over Three Years And Within Four Years |
0.5 |
- |
- |
- |
- |
|
Over Four Years And Within Five Years |
0.2 |
- |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
6.3 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 4 yr. |
- |
0.6 |
2.8 |
6.2 |
11.1 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
5.7 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 5 yr. |
- |
0.1 |
0.0 |
2.7 |
3.5 |
|
LT Debt & Bond - maturities |
- |
0.0 |
0.0 |
0.0 |
- |
|
Total Long Term Debt, Supplemental |
46.4 |
32.7 |
44.8 |
55.4 |
63.5 |
|
Capital lease due within 1 year |
3.8 |
3.5 |
2.0 |
1.5 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
2.6 |
- |
- |
- |
- |
|
Capital lease due in 2 years |
- |
2.9 |
2.0 |
1.0 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
1.6 |
- |
- |
- |
- |
|
Capital lease due in 3 years |
- |
1.9 |
1.5 |
1.0 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.5 |
- |
- |
- |
- |
|
Capital lease due in 4 years |
- |
0.7 |
0.8 |
0.6 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.1 |
- |
- |
- |
- |
|
Capital lease due in 5 years |
- |
0.1 |
0.3 |
1.1 |
- |
|
other capital lease |
0.4 |
- |
- |
- |
- |
|
Capital lease - remaining maturities |
- |
0.5 |
0.5 |
0.0 |
- |
|
Total Capital Leases |
9.1 |
9.6 |
7.0 |
5.2 |
- |
|
Pension Obligation |
9.7 |
9.9 |
22.7 |
23.0 |
20.6 |
|
Fair Value of Plan Assets |
8.0 |
8.4 |
19.1 |
15.3 |
17.5 |
|
Funded Status |
-1.7 |
-1.4 |
-3.6 |
-7.6 |
-3.1 |
|
Total Funded Status |
-1.7 |
-1.4 |
-3.6 |
-7.6 |
-3.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Unrecognized Actuarial Gains and Losses |
-0.7 |
-1.1 |
0.2 |
5.1 |
0.8 |
|
Unrecognized Prior Service Cost |
-1.0 |
-1.0 |
- |
- |
- |
|
Reserve for Accrued Retirement Benefits |
-3.4 |
-3.6 |
-3.5 |
-2.5 |
-2.3 |
|
Net Assets Recognized on Balance Sheet |
-5.1 |
-5.8 |
-3.3 |
2.6 |
-1.6 |
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 |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
Toko Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income Before Tax |
20.8 |
31.5 |
17.2 |
40.9 |
41.8 |
|
Depreciation |
17.0 |
14.6 |
11.9 |
9.1 |
6.9 |
|
Gain on negative goodwill |
-0.7 |
- |
- |
- |
- |
|
Compensation income for expropriation |
-9.3 |
-3.0 |
-1.3 |
- |
- |
|
Relocation expenses |
2.2 |
1.3 |
1.5 |
- |
- |
|
Impairment Loss |
16.1 |
1.0 |
0.4 |
0.9 |
0.4 |
|
Amort. of goodwill |
2.0 |
1.7 |
1.5 |
1.3 |
0.9 |
|
Prior Adjust. |
- |
- |
- |
0.0 |
-0.5 |
|
Insurance Income |
-0.4 |
- |
- |
- |
- |
|
Increase (decrease) in allowance for dou |
0.6 |
0.3 |
0.5 |
1.4 |
0.0 |
|
Increase (decrease) in provision for bon |
1.2 |
-0.4 |
-1.7 |
0.8 |
0.3 |
|
Increase (decrease) in provision for dir |
0.0 |
0.0 |
-0.3 |
0.4 |
0.1 |
|
Increase (decrease) in provision for los |
-0.1 |
0.3 |
0.0 |
0.1 |
0.0 |
|
Increase (decrease) in provision for ret |
-0.2 |
-0.3 |
0.8 |
0.2 |
-1.1 |
|
Increase (decrease) in provision for dir |
0.3 |
0.3 |
-0.1 |
0.0 |
-0.4 |
|
Increase (decrease) in provision for pro |
0.1 |
0.0 |
-0.2 |
0.0 |
0.0 |
|
Interest/Div. Income |
-1.0 |
-0.9 |
-0.8 |
-1.3 |
-1.1 |
|
Allow. the U.S. pension liquidation |
- |
- |
- |
0.0 |
-0.3 |
|
Interest Expense |
1.3 |
1.4 |
1.6 |
1.6 |
1.6 |
|
Loss on valuation of stocks of subsidiar |
0.0 |
0.0 |
0.1 |
0.0 |
- |
|
G on transfer defined benefits |
- |
- |
- |
0.0 |
-0.4 |
|
Loss on valuation of golf club membershi |
0.0 |
0.5 |
0.0 |
0.1 |
0.0 |
|
Fix. Asset Retirem. |
- |
- |
- |
- |
0.3 |
|
Loss (gain) on sales and retirement of n |
-12.3 |
-14.6 |
-4.0 |
0.6 |
- |
|
Loss (gain) on valuation of investment s |
0.2 |
0.0 |
0.1 |
1.3 |
0.0 |
|
G/L on Sale of Mktbl. & Inv't Secs. |
- |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
G/L on adjust for change of accts asset |
0.0 |
0.0 |
0.0 |
- |
- |
|
Increase (decrease) in provision for dir |
0.0 |
-0.3 |
0.0 |
- |
- |
|
Insurance Income |
- |
- |
0.0 |
-0.4 |
0.0 |
|
Compensation payment |
- |
- |
0.0 |
0.4 |
0.0 |
|
Loss (gain) on adjustment for changes of |
0.0 |
-1.9 |
0.0 |
- |
- |
|
Loss on disaster |
0.5 |
0.0 |
0.0 |
- |
- |
|
Decrease (increase) in notes and account |
3.0 |
-11.6 |
33.0 |
-4.7 |
6.5 |
|
Decrease (increase) in inventories |
-11.7 |
-1.0 |
27.6 |
-10.6 |
-16.3 |
|
Increase (decrease) in notes and account |
23.1 |
6.7 |
-52.0 |
-7.3 |
15.4 |
|
Increase (decrease) in accrued consumpti |
-0.3 |
-1.8 |
2.4 |
-0.2 |
-0.1 |
|
Proceeds From Insurance Income |
0.4 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Bonuses to Directors |
- |
- |
- |
- |
0.0 |
|
Other, net |
-3.7 |
1.1 |
-3.2 |
-3.1 |
1.8 |
|
Interest/Dividend |
1.1 |
0.9 |
0.9 |
1.3 |
1.1 |
|
Interest expenses paid |
-1.3 |
-1.4 |
-1.5 |
-1.6 |
-1.6 |
|
Insurance Income |
- |
- |
0.0 |
0.4 |
0.0 |
|
Compensation payment |
- |
- |
0.0 |
-0.4 |
0.0 |
|
Payments for removal expenses |
-0.1 |
-1.3 |
-1.5 |
0.0 |
- |
|
Payments for loss on disaster |
-0.2 |
0.0 |
0.0 |
- |
- |
|
Taxes Paid |
-9.7 |
-2.6 |
-13.6 |
-20.4 |
-11.0 |
|
Income taxes refund, cash basis |
0.0 |
4.5 |
0.0 |
- |
- |
|
Cash Consolidated |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
38.7 |
24.9 |
19.0 |
10.4 |
44.3 |
|
|
|
|
|
|
|
|
Time Depo. Deposited |
-10.1 |
-5.6 |
-2.0 |
-9.8 |
-2.1 |
|
Time Depo. Withdrawn |
10.0 |
3.0 |
3.7 |
8.4 |
2.1 |
|
Purchase of property, plant and equipmen |
-25.2 |
-12.0 |
-22.6 |
-16.8 |
-9.4 |
|
Proceeds from sales of property, plant a |
2.0 |
1.1 |
3.7 |
0.1 |
0.8 |
|
Purch. Intangibles |
-3.4 |
-2.7 |
-0.4 |
-0.9 |
-0.9 |
|
Proceeds from sales of intangible assets |
0.0 |
0.4 |
0.0 |
0.0 |
- |
|
Purch. Invest. Sec. |
-2.5 |
-0.5 |
-0.5 |
-1.2 |
-0.3 |
|
Sale of Invest. Sec. |
0.0 |
0.3 |
0.3 |
0.2 |
0.0 |
|
Payment LT Loans |
- |
- |
- |
- |
0.0 |
|
Collection of long-term loans receivable |
0.2 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Purchase of golf membership |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Sale of golf membership |
- |
- |
- |
- |
0.0 |
|
Purchase of subs.' securities |
0.0 |
-0.4 |
0.0 |
-0.6 |
0.0 |
|
Suspense receipt of expropriation |
6.5 |
5.3 |
30.1 |
0.0 |
- |
|
Payments of loans receivable |
0.0 |
-0.2 |
-0.3 |
0.0 |
- |
|
Collection of loans receivable |
0.0 |
0.2 |
0.2 |
- |
- |
|
Purchase of subs.' secs cons. change |
- |
- |
- |
0.0 |
-1.4 |
|
Other, net |
0.0 |
-0.9 |
0.2 |
3.2 |
0.0 |
|
Cash from Investing Activities |
-22.4 |
-11.6 |
12.6 |
-17.4 |
-11.1 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-9.2 |
5.2 |
-5.4 |
11.2 |
-4.7 |
|
Proceeds From Issuance Of Bonds |
2.5 |
- |
- |
- |
- |
|
Proceeds from long-term loans payable |
32.0 |
2.3 |
4.8 |
10.0 |
17.6 |
|
Repayment of long-term loans payable |
-12.7 |
-13.9 |
-11.6 |
-12.4 |
-17.4 |
|
Bond Issued |
- |
- |
0.0 |
5.0 |
4.4 |
|
Bond Redemption |
-7.9 |
-5.6 |
-7.0 |
-10.9 |
-6.4 |
|
Proceeds From Sales Of Treasury Stock |
0.0 |
- |
- |
- |
- |
|
Treasury stock sold |
- |
0.0 |
0.0 |
0.3 |
0.5 |
|
Purch. Treasury Stk. |
0.0 |
0.0 |
-0.1 |
-1.6 |
-0.5 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Proceeds from stock issuance to minority |
0.0 |
0.0 |
0.0 |
- |
- |
|
Div. Paid-Parent Co. |
-3.7 |
-2.9 |
-3.4 |
-4.2 |
-2.8 |
|
Div. Paid to Minor. |
-0.3 |
-0.2 |
-0.3 |
-0.4 |
-0.3 |
|
Other, net |
-4.2 |
-2.9 |
-1.3 |
0.0 |
- |
|
Cash from Financing Activities |
-3.4 |
-18.0 |
-24.2 |
-3.2 |
-9.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.8 |
-1.9 |
0.4 |
-3.8 |
0.1 |
|
Net Change in Cash |
12.0 |
-6.5 |
7.8 |
-14.0 |
23.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
76.0 |
76.6 |
62.8 |
72.1 |
39.7 |
|
Net Cash - Ending Balance |
88.1 |
70.1 |
70.6 |
58.1 |
63.4 |
|
Cash Interest Paid |
1.3 |
1.4 |
1.5 |
1.6 |
1.6 |
|
Cash Taxes Paid |
9.7 |
-1.9 |
13.6 |
20.4 |
11.0 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.