|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
AISIN SEIKI CO., LTD. |
|
|
|
|
Registered Office : |
2-1, Asahi-machi Kariya-Shi, 448-8650 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
01.06.1949 |
|
|
|
|
Legal Form : |
Public Parent |
|
|
|
|
Line of Business : |
Manufacture of parts and accessories for motor vehicles |
|
|
|
|
No. of Employees : |
83,378 |
RATING & COMMENTS
|
MIRAs Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit: |
USD 456.65 millions |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
|
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
AISIN SEIKI CO.,
LTD.
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Business
Description
|
AISIN SEIKI CO., LTD. is a Japan-based company engaged in the manufacture
and sale of automobile parts and housing-related equipment. The Company has
three business segments. The Automobile Parts segment is engaged in the
manufacture and sale of engine parts, including water pumps, pistons, intake
manifolds and others; drive-train components, including automatic
transmissions (ATs), manual transmissions (MTs) and others; brake and chassis
parts, such as brake master cylinders, disk brakes and antilock brake systems
(ABSs); body parts, such as door locks and power backdoor systems, as well as
information parts, including car navigation systems, parking support systems
and intelligent parking support systems, among others. The Housing-related
Equipment segment is engaged in the provision of shower toilets, beds and gas
heater pump air-conditionings (GHPs), among others. The Others segment is
engaged in the civil construction business and petroleum sales business. For
the fiscal year ended 31 March 2013, AISIN SEIKI CO., LTD. revenues increased
10% to Y2.53T. Net income applicable to common stockholders increased 40% to
Y77.52B. Revenues reflect Other segment increase of 14% to Y133.71B, Other
segment increase from Y242.6B to Y512.74B, Northern America segment increase
of 17% to Y267.24B. Net income benefited from Other segment income increase
of 72% to Y8.86B. Dividend per share increased from Y50.00 to Y75.00. |
Industry
|
Industry |
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ANZSIC 2006: |
|
|
ISIC Rev 4: |
2930
- Manufacture of parts and accessories for motor vehicles |
|
NACE Rev 2: |
2932
- Manufacture of other parts and accessories for motor vehicles |
|
NAICS 2012: |
336310
- Motor Vehicle Gasoline Engine and Engine Parts Manufacturing |
|
UK SIC 2007: |
2932
- Manufacture of other parts and accessories for motor vehicles |
|
US SIC 1987: |
Key Executives
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Significant
Developments
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Financial Summary
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Stock Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855
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AISIN SEIKI CO.,
LTD. The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic projects
and investments. More about Strategic
Initiatives
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Resource Management |
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|
The company’s strong product portfolio and geographic diversification
has enhanced its business operations. Moreover, its focus on technology has
strengthened its business operations. Furthermore, the company's organic
growth strategy into emerging markets would improve its operations. However,
economic trends, highly competitive market and product defects would affect
its operational plans.Substantial Focus on TechnologyThe company has a
significant focus on technology for it operations. In FY2012, the company
reported a JPY121 billion expense on its R&D activities to buid customer
value. |
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Sales and Distribution |
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It is further forecast that the sales of hybrid vehicles could reach
7.9 million in 2030. Various Automobile manufacturers are involved in various
research projects related to hybrid vehicles such as Chrysler, working to
revamp its fleet; Ford, involved in research related to direct injection,
turbo, variable valve; Volkswagen, BMW, and Mercedes among others. Toyota
continues to focus on its plans to make hybrids available across its fleet;
GM is strengthening its product line-up with the reintroduction of electric
vehicle with its plug-in hybrid Volt; and Nissan is also leaning on electric
vehicle introduction to beef up is vehicle mix market. As the company is a
major automotive equipment provider, it could further leverage this growth
opportunity by further ramping up its production in this segment and by
further introduction of new innovative products to meet the standards of
these manufacturers. Moreover, the company could also gain benefits in the US
market, as the US government has introduced new auto investment plan in 2009,
under which over a million environmentally friendly vehicles are targeted in
the US by 2015. |
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AISIN SEIKI Co., Ltd. (AISIN) is engaged in the developing, designing,
manufacturing and sale of advanced automotive technologies, systems and
components. The company’s strong product portfolio and geographic
diversification has enhanced its business operations. Moreover, its focus on
technology has strengthened its business operations. Furthermore, the company's
organic growth strategy into emerging markets would improve its operations.
However, economic trends, highly competitive market and product defects would
affect its operational plans.
Substantial Focus on Technology
The company has a significant focus on technology for it operations. In FY2012,
the company reported a JPY121 billion expense on its R&D activities to buid
customer value. It has various ongoing R&D projectrs that includes,
evaluation of power sliding door system, operation test on intelligent parking
assist, Ultra-short pulse laser technology advances applications in optical
engineering, Brain waves and other bodily functions during sleep are measured
and analyzed to develop new type beds, Performance test for automatic
transmission for commercial vehicles, and Development of navigation system by
AISIN AW. The company has a substantial focus on up-grading its production line
technologies that includes, visualization of welding to improve quality,
semi-dried cutting so as to reduce cutting oil wastage to achieve the
environmentally-friendly production line, high-precision molding, cam-link type
assembly, press machine with precision molding, 3-dimensional analysis
operation for die casting products, Improving skills of engineers in
productions to lead global automotive parts manufacturing. Moreover, the
company has various facilities and equipments using which, it can reproduce
varying road environments from around the world to verify and pursue the
highest standards of safety and durability. Evaluation results are used in
product development to ensure quality and comfort. In this manner, the company
was accurately responding to the increasing need for product reliability. Its
substantial focus on technology and up-gradation has strengthened its business
operations.
Wide geographical operations help the company generate diversified
sources of revenues as well as reducing the risks of over dependence on a
particular market. It is a leading global supplier of advanced technology,
systems and components for the automobile industry. The company through its
various subsidiaries has operations in various countries throughout Europe, the
Americas, Asia and Oceania regions. In Americas, the company has operations in
the US, Canada, Mexico and Brazil. In Europe, it operaes in France, the U.K,
Belgium, Germany, Czech Republic, Turkey and Poland. The company's operations
in Asia except Japan includes operations in Singapore, Thailand, Indonesia,
India, Taiwan, China and South Korea. Moreover, the company has operations in
Australia where it carries out import, export, production and sale of
automotive parts, household sewing machines and apparel equipment. A wide
geographic presence decreases the business risks of the company. This also acts
as an easy way for the expansion plans of the company, as a wider reach in
terms of geography would mean reaping more benefits and eventually improving
the profit margins, attaining economies of scale and recognition on a worldwide
basis.
AISIN boasts of a strong product portfolio. The company's products are
broadly classified as Automotive Parts, Life and aminity products, energy
system, welfare, and new business. In Automotive parts, the company designs and
manufactures drivetrain related products, brake and chassis related products,
body related products, engine related products, information related products
and aftermarket products. Its drivetrain related products includes, Automatic,
Manual, Automated manual, Continuously variable transmissions system, Hybrid
systems, Clutch discs and covers. Brake and chassis related products includes
Drum and Disc brakes, Brake booster and master cylinders, Antilock brake
systems, Electronic stability controls, Air suspension systems and many more.
Body related products includes, Power sliding door systems, Sunroofs, Power
seats, Occupant weight sensors, Door handles and frames, and Engine.
Information related product includes, Water and Oil pumps, Pistons, Exhaust
manifolds, Car navigation systems, Parking assist systems, Intelligent parking
assist, Front and side monitors systems. In March 2012, its drive train related
products, brake & chassis related products, body related products, engine
related products, and information related products contributed 44.7%,
19.6%,16.5%, 9.8% and 5.6% respectively to the total revenue and stood at
JPY1029 billion, JPY452.1 billion, JPY 379.9 billion, JPY 225.8 billion, and
JPY129.5 billion respectively. The company through its life and amenity product
segment offers, Bed, Furniture, and Fabric, Housing Equipment, House Remodeling
Service, Home-use Sewing Machine Facility Consulting Service, Business
Consulting Service and Audio Equipments. In Energy system product segment it
offers, GHP, Co-generation System, Cryopump, Cryocooler, and Peltier Modules.
Its welfare products are Reclining Lift-chair, Self-support reclining bed,
Lightweight electric wheelchair, and Portable toilet. The company's New
business offers, Fiber Laser and Biological Apparatus. In March 2012, its life related
and other products contributed 3.8% to the total sales revenue and stood at
JPY87.3 billion. Such a robust product portfolio and strength supports the
innovation process, in launching new products and enhancing the revenue stream.
Dependence on External Suppliers
The company’s products are highly dependent on raw materials and
components provided by multiple suppliers outside the AISIN Group. While these
external suppliers are obligated to provide stable services through basic contracts,
they cannot guarantee supply in the event of shortages due to rapidly rising
prices due to changing market conditions, supply crunches or unforeseen mishaps
in their operations. Such events could drive up the cost of the company’s
products and halt production, and may have a negative impact on AISIN’s
performance and financial position. Furthermore, it could also weakens the
company's performance in order to deliver the products timely.
Dependence on Toyota Motor Corporation
AISIN is highly dependent on Toyota Motor Corporation (TMC). The company
mainly produces and sells automotive parts and life-related products, with its
mainstay Automotive Parts and Systems Business mostly targeting automobile
manufacturers in and outside Japan. Among these customers, AISIN has the
highest level of dependence on Toyota Motor Corporation. The Toyota Group
represents 40.5% of AISIN’s net sales and stood at JPY934 billion in the
fiscal year 2012. Therefore, changes in sales volume within TMC and the Toyota
Group have the potential to negatively impact AISIN’s performance and
financial position. Such type of high reliance on one particular company could
weaken the AISIN's performance in the long run.
Increasing Demand for Fuel Efficient Vehicles
The company could find increased opportunities in the area of fuel
efficient vehicles, which feature advanced technologies such as hybrids, clean
diesel engines, flexible-fuel ethanol vehicles and a turbocharged direct
injection system. According to, Energy Information Administration (US
Government), the sale of unconventional vehicles (hybrid) account for 63% of
the total Light Duty Vehicles (LDV) sales. The total sale of hybrid vehicles is
estimated to increase from 2.3% of new LDV sales in the year 2007 to 20.6%, and
39.6% by 2015 and 2030, respectively. It is further forecast that the sales of
hybrid vehicles could reach 7.9 million in 2030. Various Automobile
manufacturers are involved in various research projects related to hybrid
vehicles such as Chrysler, working to revamp its fleet; Ford, involved in
research related to direct injection, turbo, variable valve; Volkswagen, BMW,
and Mercedes among others. Toyota continues to focus on its plans to make
hybrids available across its fleet; GM is strengthening its product line-up
with the reintroduction of electric vehicle with its plug-in hybrid Volt; and
Nissan is also leaning on electric vehicle introduction to beef up is vehicle
mix market. As the company is a major automotive equipment provider, it could
further leverage this growth opportunity by further ramping up its production
in this segment and by further introduction of new innovative products to meet
the standards of these manufacturers. Moreover, the company could also gain
benefits in the US market, as the US government has introduced new auto
investment plan in 2009, under which over a million environmentally friendly
vehicles are targeted in the US by 2015. Thus, with the unconventional and
hybrid vehicles becoming the mainstay in the future automobile market, the
company could find huge opportunities to garner higher market share and
increase its revenues.
Potential Asian Automobile Market
The company can benefit from the growing demand of automobiles in Asia.
It carries out the manufacture and sale of various automobile products such as,
drivetrain related products, brake and chassis related products, body related
products, engine related products, information related products and aftermarket
products Markets are expected to grow in Asia with individual mobility driving
demand for automobiles in China and India. China, the world's largest car
market, is expected to grow by 6% to 18.5 m by 2013. US car market is forecast
to grow by around 6% to 13.5 m units by 2013. The impact of natural disaster in
Japan is expected to result in catch-up effect as a result of production loss.
Japanese market is forecast to grow by 20% to 4.8m units by 2013. Indian car
market is expected to register one of the highest growth rates. Such increasing
demand for automobile in Asian markets provide ample of growth opportunities
for the company.
The company has a substantial focus on expanding its business operations
into various emerging markets namely, India, China, Brazil and other ASEAN
Countries. In April 2012, the company has decided to establish production and
sales companies, including evaluation function, in Haryana State, North India,
and Karnataka State, South India. The purpose of establishing the new companies
is to expand ADVICS brake business by starting the local production to make a
full-scale entry into the Indian automobile market, which is rapidly growing.
ADVICS Manufacturing Haryana Private Ltd. and ADVICS Manufacturing Karnataka
Private Ltd. will produce brake parts that meet the market need and promote
local procurement. Moreover in May 2012, the company has established a company
for producing brake parts in Yunfu City, Guangdong, China. The purpose of
establishing the new companies is to enhance operational capabilities and strengthen
its production bases through order increases in the Chinese automobile market,
and additionally to acquire new businesses. The company views the enhancement
of its production bases in China as an opportunity for market expansion and
global growth as a brake systems supplier. Furthermore in May 2012, the company
has finalized a decision to establish AW CHINA CO., LTD. as a supervisory
company in Shanghai, China. The new company would help accommodate the growth
of AW’s businesses in China by building regional supervisory structures as it
works to enhance customer service and strengthen management functions in the
Chinese market, which is expected to continue to grow in the future. The
company's focus on expanding its business operations in the emerging market
would strengthen its competitive position.
The company is fully committed to producing high-quality, attractive products
that meet customer needs based on the concept of “Quality First.” However,
AISIN cannot guarantee that there will be no defects, or that recalls will not
be made in the future. Moreover, while AISIN is insured for product liability
indemnity, there is no guarantee that such insurance policies will fully cover
the final indemnities. Product defects that lead to widespread recalls and
product liability indemnities could produce large cost burdens and downgrade
the valuation of AISIN. This would subsequently hamper sales and could
negatively affect AISIN’s performance and financial position.
Within revenues from AISIN’s worldwide operations, demand for mainstay
automobile-related products is vulnerable to economic conditions in the
countries and regions where AISIN products are manufactured and sold. Consequently,
economic recessions in such crucial markets as Japan, North America, Europe and
Asia, along with subsequent contractions in demand, have the potential to
negatively impact the company’s performance and financial position. AISIN’s
operations could also be indirectly affected by economic conditions in regions
where competitors manufacture products. For example, if competitors employ
cheaper labor in a region, this may adversely affect the company’s sales of
the same types of products in that region since competitors can provide more
competitively priced products. Moreover, if the local currency in the region
which AISIN produces components and raw materials depreciates, manufacturing
costs may decline for both AISIN and other manufacturers. This may result in
intensified export and price competition, and may have a negative impact on the
company’s performance and financial position.
The company is operating in a highly competitive environment based on
price, quality, technology, delivery and customer service. Several players
including Denso, Delphi, Lear Corporation, and Johnson Controls, and a number
of other US and non-US suppliers compete with the company. Lower and more
flexible cost structures of these competitors enable them to have an advantage
over the company. In addition, the regional competitors in the emerging markets
including India and China pose significant competition to the company. The
strong relationships of these regional companies with local vehicle
manufacturers could affect the opportunities for the company. The high
competition could affect the company’s growth and profitability.
|
AISIN SEIKI CO.,
LTD. |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Kariya-Shi |
Japan |
Motor Vehicle Parts Manufacturing |
30,492.3 |
83,378 |
|
|
Subsidiary |
Anjo, Aichi Prefecture |
Japan |
Electromedical and Control Instruments Manufacturing |
10,711.6 |
20,642 |
|
|
Subsidiary |
Ann Arbor, MI |
United States |
Research and Development Services |
|
52 |
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
20,000 |
|
|
Subsidiary |
Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
3,356.1 |
4,671 |
|
|
Subsidiary |
Terre Haute, IN |
United States |
Motor Vehicle Parts Manufacturing |
127.0 |
384 |
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Motor Vehicle Parts Manufacturing |
|
150 |
|
|
Subsidiary |
Plymouth, MI |
United States |
Motor Vehicle Parts Manufacturing |
|
70 |
|
|
Division |
Lagrange, GA |
United States |
Metal Products Manufacturing |
37.0 |
2,000 |
|
|
Division |
Lebanon, OH |
United States |
Motor Vehicle Parts Manufacturing |
205.3 |
500 |
|
|
Subsidiary |
Prachin Buri |
Thailand |
Motor Vehicle Wholesale |
358.7 |
26 |
|
|
Subsidiary |
Bekasi |
Indonesia |
Motor Vehicle Wholesale |
21.7 |
6 |
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Wholesale |
85.5 |
|
|
|
Subsidiary |
Toyota, Aichi Pref |
Japan |
Metal Products Manufacturing |
1,465.3 |
2,446 |
|
|
Subsidiary |
Muang, Chon Buri |
Thailand |
Motor Vehicle Parts Manufacturing |
|
1,050 |
|
|
Subsidiary |
Phan Thong, Chon Buri |
Thailand |
Motor Vehicle Parts Manufacturing |
|
800 |
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Motor Vehicle Parts Manufacturing |
48.6 |
230 |
|
|
Subsidiary |
Rushville, IN |
United States |
Metal Products Manufacturing |
123.0 |
210 |
|
|
Subsidiary |
Tell City, IN |
United States |
Motor Vehicle Parts Manufacturing |
|
127 |
|
|
Subsidiary |
Tianjin |
China |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Nishio, Aichi Prefecture |
Japan |
Motor Vehicle Parts Manufacturing |
1,031.8 |
2,129 |
|
|
Subsidiary |
Neu-Isenburg, Hessen |
Germany |
Motor Vehicle Wholesale |
12.8 |
6 |
|
|
Subsidiary |
Prachin Buri |
Thailand |
Motor Vehicle Parts Manufacturing |
|
2,000 |
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Computer and Peripheral Equipment Manufacturing |
188.4 |
1,594 |
|
|
Subsidiary |
Toyama |
Japan |
Metal Products Manufacturing |
|
1,399 |
|
|
Facility |
Toyota, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
1,356 |
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Motor Vehicle Parts Manufacturing |
|
1,300 |
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Wholesale |
|
1,200 |
|
|
Facility |
Nishio, Aichi |
Japan |
Machinery and Equipment Manufacturing |
|
1,065 |
|
|
Subsidiary |
Toyota, Aichi Pref |
Japan |
Rubber and Plastic Product Manufacturing |
490.1 |
1,056 |
|
|
Subsidiary |
Crothersville, IN |
United States |
Motor Vehicle Parts Manufacturing |
|
40 |
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
45.1 |
|
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Motor Vehicle Parts Manufacturing |
251.0 |
1,000 |
|
|
Subsidiary |
Bekasi, West Java |
Indonesia |
Motor Vehicle Parts Manufacturing |
|
1,000 |
|
|
Subsidiary |
Takefu, Fukui |
Japan |
Motor Vehicle Parts Manufacturing |
|
1,000 |
|
|
Facility |
Nishio, Aichi |
Japan |
Metal Products Manufacturing |
|
993 |
|
|
Facility |
Handa, Aichi |
Japan |
Semiconductor and Other Electronic Component Manufacturing |
|
944 |
|
|
Facility |
Handa, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
828 |
|
|
Subsidiary |
Toyama |
Japan |
Motor Vehicle Wholesale |
|
760 |
|
|
Subsidiary |
Taichung |
Taiwan |
Motor Vehicle Parts Manufacturing |
102.3 |
725 |
|
|
Facility |
Anjo, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
724 |
|
|
Subsidiary |
Braine-L'alleud |
Belgium |
Motor Vehicle Wholesale |
2,417.6 |
711 |
|
|
Subsidiary |
Hekinan, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
325.6 |
632 |
|
|
Subsidiary |
Tianjin, BeiChan District |
China |
Motor Vehicle Parts Manufacturing |
|
620 |
|
|
Facility |
Hekinan, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
560 |
|
|
Subsidiary |
Foshan, Guangdong |
China |
Motor Vehicle Parts Manufacturing |
156.1 |
500 |
|
|
Subsidiary |
Hangzhou, Zhejiang |
China |
Machinery and Equipment Manufacturing |
18.0 |
500 |
|
|
Subsidiary |
Mexico |
Mexico |
Motor Vehicle Parts Manufacturing |
|
500 |
|
|
Subsidiary |
Clinton, TN |
United States |
Metal Products Manufacturing |
127.3 |
480 |
|
|
Facility |
Hekinan, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
423 |
|
|
Facility |
Nishio, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
328 |
|
|
Facility |
Anjo, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
325 |
|
|
Subsidiary |
Kabin Buri, Prachin Buri |
Thailand |
Motor Vehicle Parts Manufacturing |
|
300 |
|
|
Subsidiary |
Foshan, Guangdong |
China |
Motor Vehicle Parts Manufacturing |
|
215 |
|
|
Subsidiary |
Hidaka, Saitama |
Japan |
Motor Vehicle Parts Manufacturing |
83.9 |
208 |
|
|
Subsidiary |
Plymouth, MI |
United States |
Holding Companies |
|
200 |
|
|
Subsidiary |
Plymouth, MI |
United States |
Motor Vehicle Wholesale |
3,200.0 |
10,000 |
|
|
Subsidiary |
Seymour, IN |
United States |
Motor Vehicle Parts Manufacturing |
554.7 |
1,750 |
|
|
Subsidiary |
Durham, NC |
United States |
Motor Vehicle Parts Manufacturing |
|
950 |
|
|
Subsidiary |
London, KY |
United States |
Metal Products Manufacturing |
202.4 |
500 |
|
|
Subsidiary |
Terre Haute, IN |
United States |
Motor Vehicle Parts Manufacturing |
56.7 |
500 |
|
|
Subsidiary |
Crothersville, IN |
United States |
Motor Vehicle Parts Manufacturing |
60.8 |
375 |
|
|
Subsidiary |
Plymouth, MI |
United States |
Motor Vehicle Parts Manufacturing |
|
180 |
|
|
Subsidiary |
Stockton, CA |
United States |
Electrical Equipment and Appliances Manufacturing |
|
110 |
|
|
Subsidiary |
Ann Arbor, MI |
United States |
Research and Development Services |
|
70 |
|
|
Branch |
Fremont, CA |
United States |
Research and Development Services |
|
4 |
|
|
Branch |
Torrance, CA |
United States |
Motor Vehicle Wholesale |
21.7 |
10 |
|
|
Branch |
Florence, KY |
United States |
Motor Vehicle Wholesale |
18.8 |
10 |
|
|
Subsidiary |
Marion, IL |
United States |
Semiconductor and Other Electronic Component Manufacturing |
129.8 |
100 |
|
|
Subsidiary |
Braine-L'alleud |
Belgium |
Motor Vehicle Parts Manufacturing |
56.8 |
175 |
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Computer Programming |
|
168 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Motor Vehicle Parts Manufacturing |
|
150 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Motor Vehicle Parts Manufacturing |
|
100 |
|
|
Subsidiary |
Plymouth, MI |
United States |
Travel and Reservation Services |
42.1 |
99 |
|
|
Subsidiary |
Braine-L'alleud |
Belgium |
Motor Vehicle Wholesale |
268.6 |
98 |
|
|
Subsidiary |
Birmingham |
United Kingdom |
Motor Vehicle Parts Manufacturing |
26.0 |
104 |
|
|
Subsidiary |
Santa Clara, Estado De Mexico |
Mexico |
Electrical Equipment and Appliances Manufacturing |
|
94 |
|
|
Subsidiary |
Tokyo |
Japan |
Motor Vehicle Parts Manufacturing |
|
80 |
|
|
Subsidiary |
Marion, IL |
United States |
Metal Products Manufacturing |
27.9 |
79 |
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Building and Dwelling Services |
|
70 |
|
|
Subsidiary |
Bengaluru, Karnataka |
India |
Motor Vehicle Parts Manufacturing |
13.8 |
60 |
|
|
Subsidiary |
Valbonne |
France |
Motor Vehicle Parts Manufacturing |
6.3 |
34 |
|
|
Subsidiary |
Singapore |
Singapore |
Motor Vehicle Parts Manufacturing |
92.3 |
24 |
|
|
Affiliates |
Tokyo |
Japan |
Motor Vehicle Parts Manufacturing |
4.8 |
20 |
|
|
Subsidiary |
Kariya |
Japan |
Real Estate Agents and Brokers |
|
16 |
|
|
Subsidiary |
Fowlerville, MI |
United States |
Travel and Reservation Services |
|
11 |
|
|
Subsidiary |
Neu-Isenburg, Hesse |
Germany |
Motor Vehicle Repair and Maintenance |
|
1 |
|
|
Subsidiary |
Kumamoto, Kumamoto |
Japan |
Motor Vehicle Parts Manufacturing |
276.7 |
|
|
|
Subsidiary |
Tangshan, Hebei |
China |
Motor Vehicle Parts Manufacturing |
191.5 |
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Computer Programming |
124.1 |
|
|
|
Subsidiary |
Taizhou, Zhejiang |
China |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Specialty Construction Trade Contractors |
|
|
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Motor Vehicle Repair and Maintenance |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Employment Services |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Wholesale |
|
|
|
|
Subsidiary |
Toyama |
Japan |
Travel and Reservation Services |
|
|
|
|
Subsidiary |
Takahama, Aichi |
Japan |
Motor Vehicle Repair and Maintenance |
|
|
|
|
Subsidiary |
Toyama |
Japan |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Tonami, Toyama |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Obu, Aichi |
Japan |
Nursing and Residential Care |
|
|
|
|
Subsidiary |
Anjo, Aichi |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Itami, Hyogo |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Facility |
Takahama, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Facility |
Okazaki, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Repair and Maintenance |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Research and Development Services |
|
|
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Travel and Reservation Services |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Anjo, Aichi |
Japan |
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Residential and Commercial Building Construction |
|
|
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Building and Dwelling Services |
|
|
|
|
Subsidiary |
Tokyo, Aichi |
Japan |
Computer System Design Services |
|
|
|
|
Subsidiary |
Tahara, Aichi |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Kumamoto |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Kumamoto |
Japan |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Tomakomai, Hokkaido |
Japan |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Toyota, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Kariya, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Toyama |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Takaoka, Toyama |
Japan |
Metal Products Manufacturing |
|
|
|
|
Subsidiary |
Nonthaburi |
Thailand |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Rayong |
Thailand |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Computer Programming |
|
|
|
|
Subsidiary |
Tsuruoka, Yamagata |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Iwate |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Chachoengsao |
Thailand |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Mexico, Aguascalientes |
Mexico |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Pisek |
Czech Republic |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Tangshan, Hebei |
China |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Stratford, ON |
Canada |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Echizen, Fukui |
Japan |
Employment Services |
|
|
|
|
Subsidiary |
Foshan, Guangdong |
China |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Motor Vehicle Parts Manufacturing |
|
|
|
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
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) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
30,492.3 |
29,181.0 |
26,343.8 |
22,105.1 |
22,038.2 |
|
Revenue |
30,492.3 |
29,181.0 |
26,343.8 |
22,105.1 |
22,038.2 |
|
Total Revenue |
30,492.3 |
29,181.0 |
26,343.8 |
22,105.1 |
22,038.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
26,309.3 |
25,326.2 |
22,616.4 |
19,278.6 |
20,133.9 |
|
Cost of Revenue, Total |
26,309.3 |
25,326.2 |
22,616.4 |
19,278.6 |
20,133.9 |
|
Gross Profit |
4,183.1 |
3,854.8 |
3,727.3 |
2,826.6 |
1,904.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,683.5 |
1,617.6 |
1,493.5 |
1,336.8 |
1,405.2 |
|
Labor & Related Expense |
705.0 |
694.3 |
632.0 |
547.8 |
533.7 |
|
Total Selling/General/Administrative Expenses |
2,388.5 |
2,311.9 |
2,125.4 |
1,884.6 |
1,939.0 |
|
Research & Development |
- |
- |
- |
- |
0.0 |
|
Depreciation |
- |
- |
- |
- |
0.0 |
|
Depreciation/Amortization |
- |
- |
- |
- |
0.0 |
|
Impairment-Assets Held for Use |
- |
- |
0.0 |
401.1 |
99.7 |
|
Impairment-Assets Held for Sale |
- |
- |
- |
- |
0.0 |
|
Other Unusual Expense (Income) |
36.2 |
- |
- |
- |
- |
|
Unusual Expense (Income) |
36.2 |
- |
0.0 |
401.1 |
99.7 |
|
Other Operating Expense |
0.0 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
28,734.0 |
27,638.1 |
24,741.9 |
21,564.2 |
22,172.6 |
|
|
|
|
|
|
|
|
Operating Income |
1,758.3 |
1,542.9 |
1,601.9 |
540.9 |
-134.4 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-65.7 |
-70.6 |
-68.2 |
-65.3 |
-38.7 |
|
Interest Expense, Net Non-Operating |
-65.7 |
-70.6 |
-68.2 |
-65.3 |
-38.7 |
|
Interest Income -
Non-Operating |
25.4 |
26.1 |
15.6 |
6.0 |
11.6 |
|
Investment Income -
Non-Operating |
195.0 |
114.1 |
119.7 |
72.2 |
70.7 |
|
Interest/Investment Income - Non-Operating |
220.4 |
140.2 |
135.3 |
78.2 |
82.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
154.6 |
69.6 |
67.1 |
13.0 |
43.6 |
|
Gain (Loss) on Sale of Assets |
-49.6 |
-25.8 |
-44.5 |
-38.8 |
-54.0 |
|
Other Non-Operating Income (Expense) |
49.7 |
48.7 |
101.4 |
105.5 |
-4.3 |
|
Other, Net |
49.7 |
48.7 |
101.4 |
105.5 |
-4.3 |
|
Income Before Tax |
1,913.0 |
1,635.5 |
1,725.9 |
620.5 |
-149.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
538.0 |
587.5 |
544.6 |
209.0 |
163.2 |
|
Income After Tax |
1,375.1 |
1,048.0 |
1,181.4 |
411.5 |
-312.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-440.8 |
-345.1 |
-368.6 |
-232.8 |
62.0 |
|
Net Income Before Extraord Items |
934.3 |
702.9 |
812.8 |
178.7 |
-250.3 |
|
Net Income |
934.3 |
702.9 |
812.8 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Income Available to Common Excl Extraord Items |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
281.8 |
281.7 |
281.4 |
281.5 |
281.5 |
|
Basic EPS Excl Extraord Items |
3.32 |
2.50 |
2.89 |
0.63 |
-0.89 |
|
Basic/Primary EPS Incl Extraord Items |
3.32 |
2.50 |
2.89 |
0.63 |
-0.89 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
Diluted Weighted Average Shares |
281.9 |
281.7 |
281.6 |
281.5 |
281.5 |
|
Diluted EPS Excl Extraord Items |
3.31 |
2.49 |
2.89 |
0.63 |
-0.89 |
|
Diluted EPS Incl Extraord Items |
3.31 |
2.49 |
2.89 |
0.63 |
-0.89 |
|
Dividends per Share - Common Stock Primary Issue |
0.90 |
0.63 |
0.58 |
0.32 |
0.40 |
|
Gross Dividends - Common Stock |
254.8 |
178.4 |
164.2 |
90.9 |
112.0 |
|
Interest Expense, Supplemental |
65.7 |
70.6 |
68.2 |
65.3 |
38.7 |
|
Depreciation, Supplemental |
1,678.5 |
1,744.6 |
1,690.1 |
1,825.5 |
1,811.8 |
|
Total Special Items |
85.8 |
25.8 |
44.5 |
439.9 |
153.7 |
|
Normalized Income Before Tax |
1,998.8 |
1,661.3 |
1,770.4 |
1,060.4 |
4.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
24.1 |
9.3 |
14.0 |
148.2 |
53.8 |
|
Inc Tax Ex Impact of Sp Items |
562.1 |
596.7 |
558.6 |
357.2 |
217.0 |
|
Normalized Income After Tax |
1,436.7 |
1,064.5 |
1,211.8 |
703.2 |
-212.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
995.9 |
719.4 |
843.2 |
470.4 |
-150.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.53 |
2.55 |
3.00 |
1.67 |
-0.53 |
|
Diluted Normalized EPS |
3.53 |
2.55 |
2.99 |
1.67 |
-0.53 |
|
Research & Development Exp, Supplemental |
1,627.9 |
1,538.1 |
1,300.4 |
1,087.8 |
1,154.3 |
|
Reported Operating Profit |
1,794.5 |
1,542.9 |
1,601.9 |
942.0 |
-34.7 |
|
Reported Ordinary Profit |
1,913.0 |
1,635.5 |
1,725.9 |
1,021.5 |
-49.4 |
|
Normalized EBIT |
1,794.5 |
1,542.9 |
1,601.9 |
942.0 |
-34.7 |
|
Normalized EBITDA |
3,473.0 |
3,287.6 |
3,292.1 |
2,767.5 |
1,777.1 |
|
Current Tax - Total |
675.7 |
508.9 |
- |
- |
- |
|
Current Tax - Total |
675.7 |
508.9 |
- |
- |
- |
|
Deferred Tax - Total |
-137.7 |
78.6 |
- |
- |
- |
|
Deferred Tax - Total |
-137.7 |
78.6 |
- |
- |
- |
|
Income Tax - Total |
538.0 |
587.5 |
- |
- |
- |
|
Interest Cost - Domestic |
55.6 |
56.1 |
51.0 |
44.9 |
40.4 |
|
Service Cost - Domestic |
182.1 |
188.6 |
168.2 |
152.6 |
131.9 |
|
Prior Service Cost - Domestic |
-2.5 |
-19.9 |
-26.7 |
-24.8 |
-21.2 |
|
Expected Return on Assets - Domestic |
-41.4 |
-42.0 |
-37.8 |
-31.7 |
-32.1 |
|
Actuarial Gains and Losses - Domestic |
42.5 |
54.6 |
60.5 |
60.5 |
38.7 |
|
Other Pension, Net - Domestic |
44.4 |
1.4 |
1.4 |
1.2 |
1.2 |
|
Domestic Pension Plan Expense |
280.7 |
238.7 |
216.6 |
202.8 |
158.9 |
|
Defined Contribution Expense - Domestic |
1.4 |
43.2 |
40.6 |
35.3 |
30.8 |
|
Total Pension Expense |
282.1 |
281.9 |
257.2 |
238.1 |
189.7 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.50% |
3.00% |
1.00% |
1.00% |
1.00% |
|
Total Plan Interest Cost |
55.6 |
56.1 |
51.0 |
44.9 |
40.4 |
|
Total Plan Service Cost |
182.1 |
188.6 |
168.2 |
152.6 |
131.9 |
|
Total Plan Expected Return |
-41.4 |
-42.0 |
-37.8 |
-31.7 |
-32.1 |
|
Total Plan Other Expense |
44.4 |
1.4 |
1.4 |
1.2 |
1.2 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,268.2 |
2,945.3 |
3,173.1 |
3,023.7 |
734.9 |
|
Short Term Investments |
1,584.9 |
1,551.1 |
1,809.8 |
787.0 |
786.2 |
|
Cash and Short Term Investments |
3,853.1 |
4,496.4 |
4,982.9 |
3,810.8 |
1,521.1 |
|
Accounts Receivable -
Trade, Gross |
3,312.5 |
4,066.0 |
3,070.7 |
3,343.0 |
2,019.2 |
|
Provision for Doubtful
Accounts |
-8.8 |
-8.5 |
-3.7 |
-4.8 |
-13.4 |
|
Trade Accounts Receivable - Net |
3,303.7 |
4,057.5 |
3,067.0 |
3,338.2 |
2,005.8 |
|
Notes Receivable - Short Term |
431.6 |
430.5 |
- |
- |
- |
|
Total Receivables, Net |
3,735.2 |
4,488.0 |
3,067.0 |
3,338.2 |
2,005.8 |
|
Inventories - Finished Goods |
849.7 |
992.8 |
860.4 |
741.7 |
630.9 |
|
Inventories - Work In Progress |
541.3 |
499.4 |
483.7 |
354.8 |
374.0 |
|
Inventories - Raw Materials |
530.7 |
512.4 |
457.9 |
421.4 |
488.8 |
|
Total Inventory |
1,921.8 |
2,004.6 |
1,802.0 |
1,518.0 |
1,493.7 |
|
Deferred Income Tax - Current Asset |
641.3 |
629.3 |
696.8 |
630.7 |
499.8 |
|
Other Current Assets |
516.9 |
660.2 |
718.4 |
635.3 |
691.8 |
|
Other Current Assets, Total |
1,158.2 |
1,289.5 |
1,415.2 |
1,265.9 |
1,191.6 |
|
Total Current Assets |
10,668.3 |
12,278.5 |
11,267.1 |
9,932.9 |
6,212.2 |
|
|
|
|
|
|
|
|
Buildings |
6,601.2 |
7,110.3 |
6,933.3 |
5,968.8 |
5,495.8 |
|
Land/Improvements |
1,255.5 |
1,389.4 |
1,363.6 |
1,105.7 |
1,016.8 |
|
Machinery/Equipment |
18,335.1 |
19,483.5 |
19,026.8 |
17,359.6 |
16,700.3 |
|
Construction in
Progress |
761.9 |
490.5 |
428.2 |
254.3 |
493.1 |
|
Other
Property/Plant/Equipment |
24.6 |
23.1 |
18.4 |
8.8 |
5.1 |
|
Property/Plant/Equipment - Gross |
26,978.3 |
28,496.8 |
27,770.3 |
24,697.1 |
23,711.1 |
|
Accumulated Depreciation |
-18,787.5 |
-20,059.2 |
-19,401.5 |
-16,975.4 |
-15,190.6 |
|
Property/Plant/Equipment - Net |
8,190.8 |
8,437.6 |
8,368.8 |
7,721.8 |
8,520.5 |
|
Intangibles, Net |
234.4 |
205.6 |
182.3 |
165.4 |
191.4 |
|
LT Investment - Affiliate Companies |
774.8 |
809.1 |
792.0 |
640.6 |
- |
|
LT Investments - Other |
3,275.4 |
2,614.5 |
2,416.9 |
2,009.9 |
1,927.8 |
|
Long Term Investments |
4,050.2 |
3,423.7 |
3,208.9 |
2,650.5 |
1,927.8 |
|
Note Receivable - Long Term |
- |
- |
- |
- |
0.0 |
|
Deferred Income Tax - Long Term Asset |
490.7 |
510.2 |
489.0 |
401.3 |
309.8 |
|
Other Long Term Assets |
259.1 |
316.9 |
352.3 |
339.4 |
370.8 |
|
Other Long Term Assets, Total |
749.8 |
827.0 |
841.3 |
740.7 |
680.6 |
|
Total Assets |
23,893.4 |
25,172.4 |
23,868.5 |
21,211.2 |
17,532.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
3,412.0 |
4,191.0 |
3,333.9 |
3,176.2 |
1,968.2 |
|
Accrued Expenses |
1,693.2 |
1,834.4 |
1,842.9 |
1,550.1 |
1,343.9 |
|
Notes Payable/Short Term Debt |
632.1 |
133.1 |
80.0 |
113.2 |
166.5 |
|
Current Portion - Long Term Debt/Capital Leases |
107.0 |
559.9 |
354.2 |
378.9 |
209.1 |
|
Security Deposits |
- |
- |
- |
- |
0.0 |
|
Income Taxes Payable |
345.6 |
295.9 |
257.3 |
327.1 |
0.0 |
|
Other Payables |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
1,075.9 |
1,219.0 |
1,081.9 |
848.2 |
925.9 |
|
Other Current liabilities, Total |
1,421.5 |
1,514.9 |
1,339.2 |
1,175.3 |
925.9 |
|
Total Current Liabilities |
7,265.8 |
8,233.3 |
6,950.1 |
6,393.8 |
4,613.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
2,853.6 |
3,631.5 |
4,378.8 |
4,212.6 |
3,624.3 |
|
Capital Lease Obligations |
- |
8.7 |
8.6 |
5.3 |
3.1 |
|
Total Long Term Debt |
2,853.6 |
3,640.1 |
4,387.4 |
4,217.9 |
3,627.5 |
|
Total Debt |
3,592.6 |
4,333.1 |
4,821.6 |
4,710.0 |
4,003.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
447.3 |
- |
0.0 |
223.7 |
89.9 |
|
Deferred Income Tax |
447.3 |
- |
0.0 |
223.7 |
89.9 |
|
Minority Interest |
2,944.4 |
2,930.6 |
2,759.9 |
2,300.7 |
1,958.9 |
|
Pension Benefits - Underfunded |
1,159.7 |
1,247.2 |
1,183.0 |
1,006.0 |
918.8 |
|
Other Long Term Liabilities |
89.7 |
286.2 |
275.3 |
38.9 |
36.3 |
|
Other Liabilities, Total |
1,249.4 |
1,533.4 |
1,458.3 |
1,044.9 |
955.0 |
|
Total Liabilities |
14,760.4 |
16,337.4 |
15,555.7 |
14,181.0 |
11,244.9 |
|
|
|
|
|
|
|
|
Common Stock |
478.8 |
546.8 |
543.5 |
482.1 |
456.1 |
|
Common Stock |
478.8 |
546.8 |
543.5 |
482.1 |
456.1 |
|
Additional Paid-In Capital |
658.8 |
749.2 |
735.8 |
646.1 |
605.9 |
|
Retained Earnings (Accumulated Deficit) |
7,525.2 |
7,824.4 |
7,277.9 |
5,845.7 |
5,419.1 |
|
Treasury Stock - Common |
-214.4 |
-245.6 |
-250.8 |
-222.4 |
-209.8 |
|
Unrealized Gain (Loss) |
1,052.3 |
711.3 |
610.4 |
629.8 |
423.6 |
|
Translation Adjustment |
-353.8 |
-734.0 |
-587.8 |
-336.6 |
-393.9 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Comprehensive Income |
-13.9 |
-17.1 |
-16.4 |
-14.3 |
-13.5 |
|
Other Equity, Total |
-367.7 |
-751.1 |
-604.1 |
-350.9 |
-407.3 |
|
Total Equity |
9,133.0 |
8,835.0 |
8,312.8 |
7,030.3 |
6,287.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
23,893.4 |
25,172.4 |
23,868.5 |
21,211.2 |
17,532.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
281.9 |
281.8 |
281.4 |
281.4 |
281.5 |
|
Total Common Shares Outstanding |
281.9 |
281.8 |
281.4 |
281.4 |
281.5 |
|
Treasury Shares - Common Stock Primary Issue |
12.8 |
12.9 |
13.2 |
13.2 |
13.2 |
|
Employees |
83,378 |
78,212 |
74,671 |
73,213 |
73,201 |
|
Number of Common Shareholders |
23,741 |
21,617 |
21,864 |
22,946 |
24,379 |
|
Total Long Term Debt, Supplemental |
3,387.6 |
4,186.5 |
4,728.8 |
4,589.1 |
3,832.1 |
|
Long Term Debt Maturing within 1 Year |
534.0 |
555.0 |
350.0 |
376.6 |
207.7 |
|
Long Term Debt Maturing in Year 2 |
482.4 |
600.4 |
551.8 |
310.0 |
356.2 |
|
Long Term Debt Maturing in Year 3 |
492.7 |
533.3 |
596.8 |
488.9 |
243.6 |
|
Long Term Debt Maturing in Year 4 |
209.4 |
516.3 |
542.2 |
528.8 |
419.6 |
|
Long Term Debt Maturing in Year 5 |
282.0 |
239.1 |
513.2 |
480.6 |
459.7 |
|
Long Term Debt Maturing in 2-3 Years |
975.1 |
1,133.7 |
1,148.6 |
798.9 |
599.8 |
|
Long Term Debt Maturing in 4-5 Years |
491.4 |
755.4 |
1,055.4 |
1,009.3 |
879.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,387.1 |
1,742.4 |
2,174.8 |
2,404.3 |
2,145.3 |
|
Total Capital Leases, Supplemental |
7.9 |
13.5 |
12.8 |
7.6 |
4.5 |
|
Capital Lease Payments Due in Year 1 |
1.9 |
4.9 |
4.2 |
2.3 |
1.3 |
|
Capital Lease Payments Due in Year 2 |
1.9 |
3.9 |
4.1 |
1.9 |
1.7 |
|
Capital Lease Payments Due in Year 3 |
2.4 |
2.9 |
2.7 |
1.6 |
0.8 |
|
Capital Lease Payments Due in Year 4 |
1.4 |
1.3 |
1.5 |
1.0 |
0.4 |
|
Capital Lease Payments Due in Year 5 |
0.3 |
0.5 |
0.3 |
0.8 |
0.1 |
|
Capital Lease Payments Due in 2-3 Years |
4.3 |
6.8 |
6.8 |
3.5 |
2.5 |
|
Capital Lease Payments Due in 4-5 Years |
1.7 |
1.8 |
1.8 |
1.8 |
0.6 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
0.0 |
0.1 |
0.1 |
0.1 |
|
Pension Obligation - Domestic |
2,646.0 |
2,894.0 |
2,762.9 |
2,415.2 |
2,158.3 |
|
Plan Assets - Domestic |
1,667.2 |
1,698.9 |
1,620.3 |
1,414.4 |
1,215.0 |
|
Funded Status - Domestic |
-978.8 |
-1,195.2 |
-1,142.6 |
-1,000.8 |
-943.3 |
|
Total Funded Status |
-978.8 |
-1,195.2 |
-1,142.6 |
-1,000.8 |
-943.3 |
|
Discount Rate - Domestic |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
- |
1.00% |
1.00% |
1.00% |
1.00% |
|
Prepaid Benefits - Domestic |
103.3 |
140.2 |
158.2 |
154.2 |
163.3 |
|
Accrued Liabilities - Domestic |
-1,096.6 |
-1,176.6 |
-1,109.4 |
-940.8 |
-855.4 |
|
Other Assets, Net - Domestic |
-14.5 |
158.8 |
191.4 |
214.1 |
251.3 |
|
Net Assets Recognized on Balance Sheet |
-1,007.8 |
-877.6 |
-759.8 |
-572.5 |
-440.8 |
|
Total Plan Obligations |
2,646.0 |
2,894.0 |
2,762.9 |
2,415.2 |
2,158.3 |
|
Total Plan Assets |
1,667.2 |
1,698.9 |
1,620.3 |
1,414.4 |
1,215.0 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
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) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,913.0 |
1,635.5 |
1,725.9 |
620.4 |
-149.1 |
|
Depreciation |
1,678.5 |
1,744.6 |
1,690.1 |
1,825.5 |
1,811.8 |
|
Depreciation/Depletion |
1,678.5 |
1,744.6 |
1,690.1 |
1,825.5 |
1,811.8 |
|
Unusual Items |
- |
- |
0.0 |
401.1 |
99.7 |
|
Equity in Net Earnings (Loss) |
- |
- |
- |
- |
0.0 |
|
Other Non-Cash Items |
- |
- |
0.0 |
- |
0.0 |
|
Non-Cash Items |
- |
- |
0.0 |
401.1 |
99.7 |
|
Accounts Receivable |
396.2 |
-1,538.8 |
563.9 |
-1,200.7 |
1,511.7 |
|
Inventories |
-67.2 |
-258.1 |
-159.5 |
64.9 |
110.5 |
|
Prepaid Expenses |
- |
- |
- |
- |
0.0 |
|
Accounts Payable |
-514.7 |
981.6 |
-115.3 |
1,123.1 |
-1,492.5 |
|
Other Operating Cash Flow |
-316.2 |
-446.2 |
-512.0 |
434.2 |
-750.9 |
|
Changes in Working Capital |
-501.9 |
-1,261.4 |
-222.9 |
421.5 |
-621.2 |
|
Cash from Operating Activities |
3,089.6 |
2,118.7 |
3,193.1 |
3,268.6 |
1,141.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,405.1 |
-1,838.2 |
-1,376.5 |
-1,137.4 |
-2,300.6 |
|
Capital Expenditures |
-2,405.1 |
-1,838.2 |
-1,376.5 |
-1,137.4 |
-2,300.6 |
|
Sale of Fixed Assets |
77.8 |
64.2 |
39.5 |
56.9 |
88.4 |
|
Sale/Maturity of Investment |
396.7 |
333.6 |
174.8 |
89.6 |
161.1 |
|
Investment, Net |
322.3 |
-501.3 |
2,035.8 |
-2,125.2 |
25.2 |
|
Purchase of Investments |
-700.0 |
-451.9 |
-632.1 |
-412.2 |
-146.8 |
|
Other Investing Cash Flow |
-86.4 |
-78.2 |
-68.4 |
-40.0 |
-54.0 |
|
Other Investing Cash Flow Items, Total |
10.3 |
-633.5 |
1,549.6 |
-2,430.8 |
73.9 |
|
Cash from Investing Activities |
-2,394.7 |
-2,471.7 |
173.1 |
-3,568.2 |
-2,226.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-109.6 |
-129.1 |
-118.2 |
-30.9 |
-80.7 |
|
Financing Cash Flow Items |
-109.6 |
-129.1 |
-118.2 |
-30.9 |
-80.7 |
|
Cash Dividends Paid - Common |
-169.8 |
-178.3 |
-147.8 |
-60.6 |
-184.8 |
|
Total Cash Dividends Paid |
-169.8 |
-178.3 |
-147.8 |
-60.6 |
-184.8 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
- |
0.0 |
|
Common Stock, Net |
- |
- |
- |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
- |
0.0 |
|
Short Term Debt, Net |
79.2 |
59.8 |
-45.4 |
-73.9 |
51.5 |
|
Long Term Debt Issued |
246.9 |
0.0 |
0.7 |
858.4 |
1,113.5 |
|
Long Term Debt
Reduction |
-576.7 |
-595.1 |
-435.4 |
-318.4 |
-145.8 |
|
Long Term Debt, Net |
-329.8 |
-595.1 |
-434.7 |
540.1 |
967.8 |
|
Issuance (Retirement) of Debt, Net |
-250.6 |
-535.3 |
-480.1 |
466.1 |
1,019.3 |
|
Cash from Financing Activities |
-529.9 |
-842.7 |
-746.1 |
374.6 |
753.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
106.7 |
-26.7 |
-59.2 |
20.9 |
-130.4 |
|
Net Change in Cash |
271.7 |
-1,222.4 |
2,560.9 |
96.0 |
-462.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,322.3 |
4,713.4 |
1,782.3 |
1,547.3 |
1,893.3 |
|
Net Cash - Ending Balance |
3,594.0 |
3,491.0 |
4,343.2 |
1,643.3 |
1,431.1 |
|
Cash Interest Paid |
65.1 |
68.1 |
64.9 |
63.2 |
33.8 |
|
Cash Taxes Paid |
595.4 |
497.5 |
644.9 |
-139.2 |
734.3 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
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) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
30,492.3 |
29,181.0 |
26,343.8 |
22,105.1 |
22,038.2 |
|
Total Revenue |
30,492.3 |
29,181.0 |
26,343.8 |
22,105.1 |
22,038.2 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
cost of sales |
26,309.3 |
25,326.2 |
22,616.4 |
19,278.6 |
20,133.9 |
|
Other Selling/General/Admin. Expense |
0.0 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
- |
0.1 |
- |
- |
- |
|
Shipping |
428.4 |
427.8 |
373.7 |
309.0 |
322.1 |
|
Warranty Reserve |
13.7 |
21.9 |
28.2 |
57.6 |
33.8 |
|
Product Repair |
- |
- |
- |
- |
0.0 |
|
Selling General And Administrative Expen |
671.4 |
657.5 |
- |
- |
- |
|
Payrolls |
- |
- |
598.0 |
524.5 |
514.4 |
|
Provision for directors' bonuses |
21.2 |
23.0 |
21.0 |
13.0 |
6.8 |
|
Accrued Retirement |
- |
- |
- |
- |
0.0 |
|
Provision for directors'' retirement ben |
12.4 |
13.7 |
13.0 |
10.2 |
12.5 |
|
Depreciaiton |
- |
- |
- |
- |
0.0 |
|
Patent Usage |
- |
- |
- |
- |
0.0 |
|
Research&Develop |
- |
- |
- |
- |
0.0 |
|
Other SGA |
1,241.4 |
1,167.9 |
1,091.5 |
970.2 |
1,049.3 |
|
Loss on reduction of noncurrent assets |
36.2 |
- |
- |
- |
- |
|
SP Impairment Loss |
- |
- |
0.0 |
401.1 |
99.7 |
|
NOP Loss Val. Mkt Secs |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
28,734.0 |
27,638.1 |
24,741.9 |
21,564.2 |
22,172.6 |
|
|
|
|
|
|
|
|
NOP Interest Income |
25.4 |
26.1 |
15.6 |
6.0 |
11.6 |
|
Foreign Exchange Gains |
72.3 |
- |
- |
- |
- |
|
NOP Dividend Income |
38.4 |
34.1 |
28.3 |
22.7 |
53.1 |
|
NOP Gain Sale Marketable Securities |
- |
- |
- |
- |
0.0 |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
NOP Rental Income |
- |
- |
- |
- |
0.0 |
|
NOP Equity Gain |
84.2 |
80.1 |
91.4 |
49.5 |
17.6 |
|
NOP Other non-operating income |
156.9 |
155.1 |
195.0 |
190.2 |
113.0 |
|
NOP Interest Expense |
-65.7 |
-70.6 |
-68.2 |
-65.3 |
-38.7 |
|
NOP L on sale/retire. of fixed assets |
-49.6 |
-25.8 |
-44.5 |
-38.8 |
-54.0 |
|
NOP Exchange Loss |
- |
- |
- |
- |
0.0 |
|
NOP Other non-operating expenses |
-107.2 |
-106.4 |
-93.7 |
-84.7 |
-117.3 |
|
Net Income Before Taxes |
1,913.0 |
1,635.5 |
1,725.9 |
620.5 |
-149.1 |
|
|
|
|
|
|
|
|
Total income taxes |
538.0 |
587.5 |
544.6 |
209.0 |
163.2 |
|
Net Income After Taxes |
1,375.1 |
1,048.0 |
1,181.4 |
411.5 |
-312.3 |
|
|
|
|
|
|
|
|
Minority interests in income |
-440.8 |
-345.1 |
-368.6 |
-232.8 |
62.0 |
|
Net Income Before Extra. Items |
934.3 |
702.9 |
812.8 |
178.7 |
-250.3 |
|
Net Income |
934.3 |
702.9 |
812.8 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Adjustment |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
281.8 |
281.7 |
281.4 |
281.5 |
281.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
3.32 |
2.50 |
2.89 |
0.63 |
-0.89 |
|
Basic EPS Including ExtraOrdinary Items |
3.32 |
2.50 |
2.89 |
0.63 |
-0.89 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
934.3 |
702.8 |
812.7 |
178.7 |
-250.3 |
|
Diluted Weighted Average Shares |
281.9 |
281.7 |
281.6 |
281.5 |
281.5 |
|
Diluted EPS Excluding ExtraOrd Items |
3.31 |
2.49 |
2.89 |
0.63 |
-0.89 |
|
Diluted EPS Including ExtraOrd Items |
3.31 |
2.49 |
2.89 |
0.63 |
-0.89 |
|
DPS-Ordinary Shares |
0.90 |
0.63 |
0.58 |
0.32 |
0.40 |
|
Gross Dividends - Common Stock |
254.8 |
178.4 |
164.2 |
90.9 |
112.0 |
|
Normalized Income Before Taxes |
1,998.8 |
1,661.3 |
1,770.4 |
1,060.4 |
4.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
562.1 |
596.7 |
558.6 |
357.2 |
217.0 |
|
Normalized Income After Taxes |
1,436.7 |
1,064.5 |
1,211.8 |
703.2 |
-212.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
995.9 |
719.4 |
843.2 |
470.4 |
-150.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.53 |
2.55 |
3.00 |
1.67 |
-0.53 |
|
Diluted Normalized EPS |
3.53 |
2.55 |
2.99 |
1.67 |
-0.53 |
|
Research & Development Exp (SGA) |
- |
- |
- |
- |
0.0 |
|
Research & Development Exp (COGS) |
- |
- |
- |
- |
1,154.3 |
|
Research and Development Expenses |
1,627.9 |
1,538.1 |
1,300.4 |
1,087.8 |
- |
|
Interest Expense |
65.7 |
70.6 |
68.2 |
65.3 |
38.7 |
|
BC - Depreciation of Fixed Assets |
1,678.5 |
1,744.6 |
- |
- |
- |
|
Depreciation |
- |
- |
1,690.1 |
1,825.5 |
1,811.8 |
|
Income taxes-current |
675.7 |
508.9 |
- |
- |
- |
|
Current Tax - Total |
675.7 |
508.9 |
- |
- |
- |
|
Income taxes-deferred |
-137.7 |
78.6 |
- |
- |
- |
|
Deferred Tax - Total |
-137.7 |
78.6 |
- |
- |
- |
|
Income Tax - Total |
538.0 |
587.5 |
- |
- |
- |
|
Reported Operating Profit |
1,794.5 |
1,542.9 |
1,601.9 |
942.0 |
-34.7 |
|
Reported Ordinary Profit |
1,913.0 |
1,635.5 |
1,725.9 |
1,021.5 |
-49.4 |
|
Service Cost |
182.1 |
188.6 |
168.2 |
152.6 |
131.9 |
|
Interest Cost |
55.6 |
56.1 |
51.0 |
44.9 |
40.4 |
|
Expected Return of Plan Asset |
-41.4 |
-42.0 |
-37.8 |
-31.7 |
-32.1 |
|
Prior Service Cost |
-2.5 |
-19.9 |
-26.7 |
-24.8 |
-21.2 |
|
Actuarial G/L |
42.5 |
54.6 |
60.5 |
60.5 |
38.7 |
|
Retirement Benefit Expenses Other Extrao |
44.4 |
- |
- |
- |
- |
|
Pay. on Multi. Employers' Pension Plan |
- |
1.4 |
1.4 |
1.2 |
1.2 |
|
Domestic Pension Plan Expense |
280.7 |
238.7 |
216.6 |
202.8 |
158.9 |
|
Retirement Benefit Expenses Premium Paym |
1.4 |
- |
- |
- |
- |
|
Defined Contribution Expense |
- |
43.2 |
40.6 |
35.3 |
30.8 |
|
Total Pension Expense |
282.1 |
281.9 |
257.2 |
238.1 |
189.7 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
2.00% |
- |
- |
- |
|
Discount Rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
2.50% |
3.00% |
- |
- |
- |
|
Expected Rate of Return |
- |
- |
1.00% |
1.00% |
1.00% |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
2,268.2 |
2,945.3 |
3,173.1 |
3,023.7 |
734.9 |
|
Notes and accounts receivable-trade |
3,312.5 |
4,066.0 |
3,070.7 |
3,343.0 |
2,019.2 |
|
Electronically recorded monetary claims- |
- |
- |
0.0 |
- |
- |
|
Short-term investment securities |
1,584.9 |
1,551.1 |
1,809.8 |
787.0 |
786.2 |
|
Inventories - merchandise&finished goods |
849.7 |
992.8 |
860.4 |
741.7 |
630.9 |
|
Inventories - work-in-process |
541.3 |
499.4 |
483.7 |
354.8 |
374.0 |
|
Inventories - raw materials&supplies |
530.7 |
512.4 |
457.9 |
421.4 |
488.8 |
|
Deferred Tax |
641.3 |
629.3 |
696.8 |
630.7 |
499.8 |
|
Rounding adjustment Assets |
0.1 |
0.0 |
- |
- |
- |
|
Other |
516.9 |
660.2 |
718.4 |
635.3 |
691.8 |
|
Allw-Doubt.Acct |
-8.8 |
-8.5 |
-3.7 |
-4.8 |
-13.4 |
|
Electronically recorded monetary claims- |
431.6 |
430.5 |
- |
- |
- |
|
Total Current Assets |
10,668.3 |
12,278.5 |
11,267.1 |
9,932.9 |
6,212.2 |
|
|
|
|
|
|
|
|
Bldg.&Structure,gross |
6,601.2 |
7,110.3 |
6,933.3 |
5,968.8 |
5,495.8 |
|
Accumulated depreciation.Bldg. |
-3,977.1 |
-4,253.7 |
-4,004.6 |
-3,364.6 |
-3,014.8 |
|
Machinery, equipment and vehicles |
15,501.2 |
16,487.0 |
15,934.4 |
14,558.6 |
14,092.1 |
|
Machine&Deliverly-Depreciation |
-12,296.8 |
-13,147.5 |
-12,622.5 |
-11,105.4 |
-9,932.1 |
|
Tools, furniture and fixtures |
2,833.9 |
2,996.5 |
3,092.4 |
2,801.0 |
2,608.2 |
|
Fixture-Depreciation |
-2,501.2 |
-2,647.1 |
-2,767.6 |
-2,503.0 |
-2,242.7 |
|
Land |
1,255.5 |
1,389.4 |
1,363.6 |
1,105.7 |
1,016.8 |
|
Lease assets, gross |
24.6 |
23.1 |
18.4 |
8.8 |
5.1 |
|
Accum. depr - lease assets |
-12.4 |
-10.9 |
-6.7 |
-2.4 |
-1.0 |
|
Const in Prog |
761.9 |
490.5 |
428.2 |
254.3 |
493.1 |
|
Total intangible assets |
234.4 |
205.6 |
182.3 |
165.4 |
191.4 |
|
Other Investment Securities |
3,275.4 |
- |
- |
- |
- |
|
Investment Secs |
- |
2,614.5 |
2,416.9 |
2,009.9 |
1,927.8 |
|
Invt Secs Noncons, Asc, Affd Cos |
725.5 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
49.3 |
- |
- |
- |
- |
|
Investment Secs in Affiliates |
- |
760.5 |
748.0 |
610.6 |
- |
|
Allowance For Doubtful Accounts |
-3.5 |
- |
- |
- |
- |
|
Other Total investments and other assets |
0.0 |
- |
- |
- |
- |
|
Other Other |
262.6 |
- |
- |
- |
- |
|
Allw-Doubt.Acct |
- |
-4.7 |
-5.6 |
-5.0 |
-5.6 |
|
Long Term Loan |
- |
- |
- |
- |
0.0 |
|
Deferred tax assets |
490.7 |
510.2 |
489.0 |
401.3 |
309.8 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Assets |
- |
321.6 |
358.0 |
344.4 |
376.4 |
|
Investment in closely-held capital |
- |
48.6 |
44.0 |
30.0 |
- |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Other PPE, Net |
- |
0.0 |
- |
- |
- |
|
Other Plant/machinery, Net |
- |
0.0 |
- |
- |
- |
|
Other Capital Lease, Net |
- |
0.0 |
- |
- |
- |
|
Other Buildings, Net |
- |
0.0 |
- |
- |
- |
|
Total Assets |
23,893.4 |
25,172.4 |
23,868.5 |
21,211.2 |
17,532.5 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
3,412.0 |
4,191.0 |
3,333.9 |
3,176.2 |
1,968.2 |
|
Short-term loans payable |
632.1 |
133.1 |
80.0 |
113.2 |
166.5 |
|
Curr. Port. of LT Debt |
- |
554.2 |
228.5 |
269.6 |
207.7 |
|
Current portion of bonds |
107.0 |
0.8 |
121.4 |
107.0 |
0.0 |
|
Current lease obligations |
- |
4.9 |
4.2 |
2.3 |
1.3 |
|
Other Payable |
- |
- |
- |
- |
0.0 |
|
Accrued Expense |
1,693.2 |
1,834.4 |
1,842.9 |
1,550.1 |
1,343.9 |
|
Income taxes payable |
345.6 |
295.9 |
257.3 |
327.1 |
0.0 |
|
Employee Deposit |
- |
- |
- |
- |
0.0 |
|
Rounding adjustment Liability |
0.0 |
0.0 |
- |
- |
- |
|
Warranty Reserve |
200.9 |
227.5 |
234.5 |
207.4 |
193.9 |
|
Provision for Directors' Bonuses |
- |
- |
- |
- |
0.0 |
|
Other Reserve |
22.0 |
25.6 |
25.4 |
14.7 |
7.4 |
|
Other |
853.1 |
965.8 |
822.0 |
626.1 |
724.6 |
|
Total Current Liabilities |
7,265.8 |
8,233.3 |
6,950.1 |
6,393.8 |
4,613.5 |
|
|
|
|
|
|
|
|
Straight bonds |
639.3 |
852.2 |
847.9 |
856.1 |
708.6 |
|
Long-term loans payable |
2,214.3 |
2,779.2 |
3,530.9 |
3,356.5 |
2,915.7 |
|
Lease obligations |
- |
8.7 |
8.6 |
5.3 |
3.1 |
|
Total Long Term Debt |
2,853.6 |
3,640.1 |
4,387.4 |
4,217.9 |
3,627.5 |
|
|
|
|
|
|
|
|
Deferred tax liabilities (non-current) |
447.3 |
- |
0.0 |
223.7 |
89.9 |
|
Reserve for accrued retirement benefit |
1,096.6 |
1,176.6 |
1,109.4 |
940.8 |
855.4 |
|
Provision for directors'' retirement ben |
63.1 |
70.6 |
73.6 |
65.2 |
63.4 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
LT Payable |
- |
- |
- |
- |
0.0 |
|
Consol.Adjust |
- |
- |
- |
- |
0.0 |
|
Other LT Liabilities |
89.7 |
286.2 |
275.3 |
38.9 |
36.3 |
|
Minority Int. |
2,944.4 |
2,930.6 |
2,759.9 |
2,300.7 |
1,958.9 |
|
Total Liabilities |
14,760.4 |
16,337.4 |
15,555.7 |
14,181.0 |
11,244.9 |
|
|
|
|
|
|
|
|
Common Stock |
478.8 |
546.8 |
543.5 |
482.1 |
456.1 |
|
Total capital surpluses |
629.1 |
718.1 |
709.9 |
629.6 |
595.6 |
|
Total retained earnings |
7,525.2 |
7,824.4 |
7,277.9 |
5,845.7 |
5,419.1 |
|
Treasury Stock |
-214.4 |
-245.6 |
-250.8 |
-222.4 |
-209.8 |
|
Valuation difference on available-for-sa |
1,052.3 |
711.3 |
610.4 |
629.8 |
423.6 |
|
Deferred hedge gain/loss |
-13.9 |
-17.1 |
-16.4 |
-14.3 |
-13.5 |
|
Cumulative translation adjustments |
-353.8 |
-734.0 |
-587.8 |
-336.6 |
-393.9 |
|
New Stock Subscription Right |
29.7 |
31.1 |
25.9 |
16.5 |
10.3 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Total Equity |
9,133.0 |
8,835.0 |
8,312.8 |
7,030.3 |
6,287.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
23,893.4 |
25,172.4 |
23,868.5 |
21,211.2 |
17,532.4 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
281.9 |
281.8 |
281.4 |
281.4 |
281.5 |
|
Total Common Shares Outstanding |
281.9 |
281.8 |
281.4 |
281.4 |
281.5 |
|
T/S-Ordinary Shares |
12.8 |
12.9 |
13.2 |
13.2 |
13.2 |
|
Full-Time Employees |
83,378 |
78,212 |
74,671 |
73,213 |
73,201 |
|
Total Number of Shareholders |
23,741 |
21,617 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
21,864 |
22,946 |
24,379 |
|
Division And End Of Current Period Remai |
4.8 |
- |
- |
- |
- |
|
Other Division And End Of Current Period |
0.0 |
- |
- |
- |
- |
|
Within One Year LT |
422.2 |
554.2 |
- |
- |
- |
|
Bond Redemption Amounts within A Year |
107.0 |
0.8 |
- |
- |
- |
|
Long Term Debt Maturing within 1 Yr |
- |
- |
350.0 |
376.6 |
207.7 |
|
Over One Year And Within Two Years |
106.7 |
- |
- |
- |
- |
|
LT Over One Year And Within Two Years |
375.7 |
478.2 |
- |
- |
- |
|
Bond Redemp Amts over a Yr within 2 Yrs |
- |
122.1 |
- |
- |
- |
|
Long Term Debt Maturing within 2 Yr |
- |
- |
551.8 |
310.0 |
356.2 |
|
Over Two Years And Within Three Years |
106.7 |
- |
- |
- |
- |
|
LT Over Two Years And Within Three Years |
386.0 |
411.5 |
- |
- |
- |
|
Bond Redemp Amts over 2 Yrs within 3 Yrs |
- |
121.8 |
- |
- |
- |
|
Long Term Debt Maturing within 3 Yr |
- |
- |
596.8 |
488.9 |
243.6 |
|
Over Three Years And Within Four Years |
0.4 |
- |
- |
- |
- |
|
LTOver Three Years And Within Four Years |
209.0 |
394.5 |
- |
- |
- |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
- |
121.8 |
- |
- |
- |
|
Long Term Debt Maturing within 4 Yr |
- |
- |
542.2 |
528.8 |
419.6 |
|
Over Four Years And Within Five Years |
0.4 |
- |
- |
- |
- |
|
LTOver Four Years And Within Five Years |
281.6 |
238.7 |
- |
- |
- |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
- |
0.4 |
- |
- |
- |
|
Long Term Debt Maturing within 5 Yr |
- |
- |
513.2 |
480.6 |
459.7 |
|
Other Total Bond Redemption Amounts |
425.2 |
- |
- |
- |
- |
|
Other Division And End Of Current Period |
961.9 |
- |
- |
- |
- |
|
Bond Redemption Remaining |
- |
486.1 |
- |
- |
- |
|
Loans Payable Remaining |
- |
1,256.3 |
- |
- |
- |
|
Long Term Debt Remaining Maturity |
- |
- |
2,174.8 |
2,404.3 |
2,145.3 |
|
Total Long Term Debt, Supplemental |
3,387.6 |
4,186.5 |
4,728.8 |
4,589.1 |
3,832.1 |
|
Capital Lease Payments Due Within 1 Year |
- |
4.9 |
4.2 |
2.3 |
1.3 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
3.8 |
3.9 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
- |
- |
4.1 |
1.9 |
1.7 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
2.4 |
2.9 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
- |
- |
2.7 |
1.6 |
0.8 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
1.4 |
1.3 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
1.5 |
1.0 |
0.4 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.3 |
0.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.3 |
0.8 |
0.1 |
|
Division And End Of Current Period Remai |
- |
0.0 |
- |
- |
- |
|
Capital Lease Remaining Maturities |
- |
- |
0.1 |
0.1 |
0.1 |
|
Total Capital Leases, Supplemental |
7.9 |
13.5 |
12.8 |
7.6 |
4.5 |
|
Penison Obligation |
2,646.0 |
2,894.0 |
2,762.9 |
2,415.2 |
2,158.3 |
|
Fair Value of Plan Asset |
1,667.2 |
1,698.9 |
1,620.3 |
1,414.4 |
1,215.0 |
|
Unfunded Retirement Benefit Obligation |
-978.8 |
-1,195.2 |
- |
- |
- |
|
Funded Status |
- |
- |
-1,142.6 |
-1,000.8 |
-943.3 |
|
Total Funded Status |
-978.8 |
-1,195.2 |
-1,142.6 |
-1,000.8 |
-943.3 |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
- |
1.00% |
1.00% |
1.00% |
1.00% |
|
Unrecognized Prior Service Cost |
-11.5 |
-15.7 |
-20.3 |
-43.6 |
-64.6 |
|
Unrecognized Actuarial Gains and Losses |
-2.9 |
174.5 |
211.7 |
257.7 |
315.9 |
|
Prepaid Pension Benefits |
103.3 |
140.2 |
158.2 |
154.2 |
163.3 |
|
Reserve for Accrued Retirement Benefits |
-1,096.6 |
-1,176.6 |
-1,109.4 |
-940.8 |
-855.4 |
|
Net Assets Recognized on Balance Sheet |
-1,007.8 |
-877.6 |
-759.8 |
-572.5 |
-440.8 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
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) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income,Bf.Tax |
1,913.0 |
1,635.5 |
1,725.9 |
620.4 |
-149.1 |
|
Depreciation |
1,678.5 |
1,744.6 |
1,690.1 |
1,825.5 |
1,811.8 |
|
Impairment Loss |
- |
- |
0.0 |
401.1 |
99.7 |
|
Rsrv-Accr.Retire |
- |
- |
- |
- |
0.0 |
|
Allw-Dir.'s Retire |
- |
- |
- |
- |
0.0 |
|
Int.&Divid. Income |
- |
- |
- |
- |
0.0 |
|
Interest Expense |
- |
- |
- |
- |
0.0 |
|
Equity G/L |
- |
- |
- |
- |
0.0 |
|
Sale/Retire PPE/Gain |
- |
- |
- |
- |
0.0 |
|
Decrease (increase) in notes and account |
396.2 |
-1,538.8 |
563.9 |
-1,200.7 |
1,511.7 |
|
Decrease (increase) in inventories |
-67.2 |
-258.1 |
-159.5 |
64.9 |
110.5 |
|
Increase (decrease) in notes and account |
-514.7 |
981.6 |
-115.3 |
1,123.1 |
-1,492.5 |
|
Prpepaid Pension |
- |
- |
- |
- |
0.0 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
255.5 |
44.4 |
141.6 |
324.2 |
-72.0 |
|
Int.&Divid. Rcvd. |
88.9 |
75.0 |
56.3 |
34.1 |
89.2 |
|
Interest Paid |
-65.1 |
-68.1 |
-64.9 |
-63.2 |
-33.8 |
|
Income taxes (paid) refund |
-595.4 |
-497.5 |
-644.9 |
139.2 |
-734.3 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Cash from Operating Activities |
3,089.6 |
2,118.7 |
3,193.1 |
3,268.6 |
1,141.2 |
|
|
|
|
|
|
|
|
Purchase of property, plant and equipmen |
-2,405.1 |
-1,838.2 |
-1,376.5 |
-1,137.4 |
-2,300.6 |
|
Decrease (increase) in time deposits and |
322.3 |
- |
- |
- |
- |
|
Decrease (increase) in time deposits and |
- |
-501.3 |
2,035.8 |
-2,125.2 |
25.2 |
|
Proceeds from sales of property, plant a |
77.8 |
64.2 |
39.5 |
56.9 |
88.4 |
|
Purchase of LT inv't in sec. |
-700.0 |
-451.9 |
-632.1 |
-412.2 |
-146.8 |
|
P./Consol.Stk/Contri |
- |
- |
- |
- |
0.0 |
|
Proceeds from sales and redemption of in |
396.7 |
- |
- |
- |
- |
|
Sale/redempt. of LT inv't in sec. |
- |
333.6 |
174.8 |
89.6 |
161.1 |
|
Sale LT inv't in sec. |
- |
- |
- |
- |
0.0 |
|
Maturity Invest Secs |
- |
- |
- |
- |
0.0 |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Loan Made |
- |
- |
- |
- |
0.0 |
|
Loan Collected |
- |
- |
- |
- |
0.0 |
|
Other, net |
-86.4 |
-78.1 |
-68.4 |
-40.0 |
-54.0 |
|
Cash from Investing Activities |
-2,394.7 |
-2,471.7 |
173.1 |
-3,568.2 |
-2,226.7 |
|
|
|
|
|
|
|
|
Increase (decrease) in short-term bank l |
79.2 |
59.8 |
-45.4 |
-73.9 |
51.5 |
|
Proceeds from long-term loans payable |
246.9 |
0.0 |
0.7 |
643.3 |
815.0 |
|
Repayment of long-term loans payable |
-576.0 |
-467.6 |
-318.2 |
-318.4 |
-145.8 |
|
Bond issued |
- |
- |
0.0 |
215.2 |
298.6 |
|
Maturity Corp.Bond |
- |
- |
- |
- |
0.0 |
|
Bond redemption |
-0.8 |
-127.4 |
-117.2 |
0.0 |
- |
|
Minority Paid In |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
-169.8 |
-178.3 |
-147.8 |
-60.6 |
-184.8 |
|
Dividends paid to minority shareholders |
-131.6 |
-142.9 |
-112.5 |
-28.5 |
-84.0 |
|
Purch. Treasury Stk |
- |
- |
- |
- |
0.0 |
|
Dispoal Treasury |
- |
- |
- |
- |
0.0 |
|
Other, net |
22.1 |
13.8 |
-5.6 |
-2.4 |
3.3 |
|
Cash from Financing Activities |
-529.9 |
-842.7 |
-746.1 |
374.6 |
753.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
106.7 |
-26.7 |
-59.2 |
20.9 |
-130.4 |
|
Net Change in Cash |
271.7 |
-1,222.4 |
2,560.9 |
96.0 |
-462.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3,322.3 |
4,713.4 |
1,782.3 |
1,547.3 |
1,893.3 |
|
Net Cash - Ending Balance |
3,594.0 |
3,491.0 |
4,343.2 |
1,643.3 |
1,431.1 |
|
Cash Interest Paid |
65.1 |
68.1 |
64.9 |
63.2 |
33.8 |
|
Cash Taxes Paid |
595.4 |
497.5 |
644.9 |
-139.2 |
734.3 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
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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.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SCs credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.