MIRA INFORM REPORT
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Report Date : |
10.07.2013 |
IDENTIFICATION DETAILS
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Name : |
KDDI CORP
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Registered Office : |
Garden Air Tower, 3-10-10, Iidabashi, Chiyoda-Ku, 102-8460 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
01.06.1984 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is a telecommunications company |
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No. of Employees : |
20,238 |
RATING & COMMENTS
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MIRAs 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 : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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.
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Source : CIA |
Company name & address
KDDI Corp
Garden Air Tower
3-10-10, Iidabashi
Chiyoda-Ku, 102-8460
Japan
Tel: 81-3-33470077
Fax: 81-3-66780305
Web: www.kddi.com
synthesis
Employees: 20,238
Company Type: Public Parent
Corporate Family: 103
Companies
Traded: Tokyo
Stock Exchange: 9433
Incorporation Date:
01-Jun-1984
Auditor: Kyoto Audit Corporation
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2013
Reporting Currency: Japanese
Yen
Annual Sales: 44,139.7 1
Net Income: 2,910.3
Total Assets: 43,416.5 2
Market Value: 47,112.5 (28-Jun-2013)
Business Description
KDDI CORPORATION is a telecommunications company. The Mobile Telecommunication segment is engaged in the provision of mobile communications services, including voice and data services, and mobile WIMAX services, as well as the sale of mobile communication terminals and the provision of contents. The Fixed-line Telecommunication segment provides broadband services, including fiber to the home (FTTH) and cable television (TV) services, as well as domestic and overseas communication services, data center services and information and communication technology (ICT) solution services. The Others segment is involved in the operation of call centers and the development of research and advanced technology. As of March 31, 2012, the Company had 118 consolidated subsidiaries and 24 associated companies. On April 17, 2013, along with NJ Corporation, it completed the tender offer of Jupiter Telecommunications Co Ltd, and became its top shareholder. For the fiscal year ended 31 March 2013, KDDI Corp revenues increased 3% to Y3.662T. Net income applicable to common stockholders increased 1% to Y241.47B. Revenues reflect Other segment increase of 14% to Y41.76B. Net income was partially offset by Eliminations and Corporate segment loss totaling Y376M vs. income of Y726M. Dividend per share remained flat at Y80.00.
Industry
Industry Communications Services
ANZSIC 2006: 5802 - Other
Telecommunications Network Operation
NACE 2002: 6420 -
Telecommunications
NAICS 2002: 517212 - Cellular
and Other Wireless Telecommunications
UK SIC 2003: 6420 -
Telecommunications
UK SIC 2007: 6110 - Wired
telecommunications activities
US SIC 1987: 4812 -
Radiotelephone Communications
Key Executives
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Name |
Title |
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Takashi Tanaka |
President, Representative Director |
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Tsutomu Fukuzaki |
Managing Executive Officer, Chief Director of Consumer Sales, Director |
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Shinichi Muramoto |
Executive Officer, Chief Director of Human Resources & General
Affairs |
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Kenichiro Takagi |
Chief Director of Business Administration |
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Takeshi Abe |
Standing Statutory Auditor |
Significant
Developments
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* number of significant developments within the last 12 months
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
Corporate Overview
Location
Garden Air Tower
3-10-10, Iidabashi
Chiyoda-Ku, 102-8460
Japan
Tel: 81-3-33470077
Fax: 81-3-66780305
Web: www.kddi.com
Quote Symbol - Exchange
9433 - Tokyo Stock
Exchange
Sales JPY(mil): 3,662,288.0
Assets JPY(mil): 4,084,999.0
Employees: 20,238
Fiscal Year End: 31-Mar-2013
Industry: Communications
Services
Incorporation Date: 01-Jun-1984
Company Type: Public
Parent
Quoted Status: Quoted
President,
Representative Director:
Takashi Tanaka
Industry Codes
ANZSIC 2006 Codes:
5802 - Other Telecommunications Network Operation
5801 - Wired Telecommunications Network Operation
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
3494 - Other Electrical and Electronic Goods Wholesaling
NACE 2002 Codes:
6420 - Telecommunications
7487 - Other business activities not elsewhere classified
5186 - Wholesale of other electronic parts and equipment
NAICS 2002 Codes:
517212 - Cellular and Other Wireless Telecommunications
517110 - Wired Telecommunications Carriers
561990 - All Other Support Services
423690 - Other Electronic Parts and Equipment Merchant Wholesalers
US SIC 1987:
4812 - Radiotelephone Communications
7389 - Business Services, Not Elsewhere Classified
4813 - Telephone Communications, Except Radiotelephone
5065 - Electronic Parts and Equipment, Not Elsewhere Classified
UK SIC 2003:
6420 - Telecommunications
7487 - Other business activities not elsewhere classified
5186 - Wholesale of other electronic parts and equipment
UK SIC 2007:
6110 - Wired telecommunications activities
8299 - Other business support service activities n.e.c.
4652 - Wholesale of electronic and telecommunications equipment
and parts
Business
Description
KDDI CORPORATION
is a telecommunications company. The Mobile Telecommunication segment is
engaged in the provision of mobile communications services, including voice and
data services, and mobile WIMAX services, as well as the sale of mobile
communication terminals and the provision of contents. The Fixed-line Telecommunication
segment provides broadband services, including fiber to the home (FTTH) and
cable television (TV) services, as well as domestic and overseas communication
services, data center services and information and communication technology
(ICT) solution services. The Others segment is involved in the operation of
call centers and the development of research and advanced technology. As of
March 31, 2012, the Company had 118 consolidated subsidiaries and 24 associated
companies. On April 17, 2013, along with NJ Corporation, it completed the
tender offer of Jupiter Telecommunications Co Ltd, and became its top
shareholder. For the fiscal year ended 31 March 2013, KDDI Corp revenues
increased 3% to Y3.662T. Net income applicable to common stockholders increased
1% to Y241.47B. Revenues reflect Other segment increase of 14% to Y41.76B. Net
income was partially offset by Eliminations and Corporate segment loss totaling
Y376M vs. income of Y726M. Dividend per share remained flat at Y80.00.
More Business Descriptions
Provision of telecommunications services
Telecommunications
Services; Domestic & International Fixed Telecommunications, Internet
Services & Data Centre Service & Cable
KDDI Corporation
(KDDI) is a telecommunications company. It provides wireless and mobile
internet and fixed telecommunications services. The company offers its products
under various brands including au, WiMAX services, Wi-Fi SPOT, “au HIKARI” and
“Commuf@-hikari”, and others. It operates across Asia, Oceania, Europe, and
Americas. The company conducts all its operations through its subsidiaires and
affiliates in Japan and Overseas including 118 subsidiaries and 21
affiliates.The company classifies its business into three reportable business
segments namely Fixed Line business, Mobile business, and other business.KDDI's
Fixed Line business segmentprovides domestic and international
telecommunication services, FTTH and CATV broadband services, and corporate
services including data center and ICT solutions services. It facilitates the
customers to build their own private global network and international telephone
services in various countries such as the US, France, Hong Kong, South Korea,
Australia, and the UK. It also offers Inmarsat Service in order to connect
Inmarsat mobile terminals and telephone, telex and data terminals over Inmarsat
satellites positioned in stationary orbits. The company provides Internet
services, including access to DSL, ISDN and dial-up access. For the fiscal year
ended March 2012, the segment reported revenue of JPY915,536m, showing an
increase of 2% over that in 2011. The segment accounted for 24.4% of the total
revenue in 2012.The company's Mobile business segment provides mobile phone
services, sells mobile phone handsets, and mobile solutions services under the
brand name ‘au’. Its mobile solutions included upgraded security management
service through KDDI 3lM Security; Smart Value for Business, for corporates
customers; and +WiMAX compatible smartphones. In 2012, the total subscribers
totaled 35.11 million. For the fiscal year ended March 2012, the segment
reported revenue of JPY2,727,012m, showing an increase of 5.3% over that in
2011.The segment accounted for 72.7% of the total revenue in 2012.KDD's other
business segment operates call centers and provides contents, cable television,
fixed telecommunications, data centers, mobile phones, and other services. The
company is a major provider of operation and maintenance support services,
secure and power protected housing services to customer in the US, Europe, and
Asia. Through this line of service, it targets telecom carriers, ISPs, banks,
brokerage houses, trading companies, and other system-dependent corporations as
key sources of revenue. For the fiscal year ended March 2012, the segment reported
revenue of JPY106,874m, showing a decrease of 6.5% over that in 2011. The
segment accounted for 2.8% of the total revenue in 2012.Geographically, the
company operates in two regions namely, Japan and overseas. It has offices in
98 locations, in 59 cities across 26 countries.In March 2012, the company
acquired CDNetworks and TElEHOUSE Deutschland GmbH. The company also signed a
contract with Magic Software Enterprises Ltd , for using Magic Software’s
iBOLT integration platform to integrate Salesforce.com with Android Smartphones.
It also launched “au Smart Value” and “au Smart Pass.” In January 2012,
the company announced the “Smart Passport Concept” based on 3M Strategy.
KDDI Corporation
(KDDI) is an integrated telecommunications services provider. It offers
wireless, mobile internet, and fixed telecommunications services. The company
also offers mobile handsets under the brand name ‘au’. It provides of a
range of mobile solutions and international telecommunication service, data centre
services, and cable television services, and others. The company carries out
its research and development through eight divisions, namely, multimedia
applications division, R&D promotion division, security division, Human
communication division, Green Cloud division, Core network and Access network
division, and Network Operation and Administration division. KDDI is
headquartered in Tokyo, Japan. The company has classified its business services
under three reportable segments namely, Fixed Line business, Mobile business,
and other business. KDDI is headquartered in Tokyo, Japan.Recently, thwe
company launched au Smart Value and au Smart Pass services based on 3M
Strategy' to maximize customer value. Besides , its major launches include 25
models of smart phones, six “+WiMAX” compatible models, INFOBAR series,
iPhone 4S, and Others.The company reported revenues of (Yen) JPY 3,572,097.00
million during the fiscal year ended March 2012, an increase of 4.01% over
2011. The operating profit of the company was JPY 474,282.00 million during the
fiscal year 2012, an increase of 28.27% over 2011. The net profit of the
company was JPY 238,605.00 million during the fiscal year 2012, a decrease of
6.48% from 2011.
Wired Telecommunications Carriers
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Strategic Initiatives
Partnerships
In 2012 KDDI launched
several products and services including Japan's first cloud-based, medical
real-time 3D imaging solutions; Video Pass, a video service, which allows users
to enjoy a broad range of movies anytime and anywhere; five new au smartphone
models (all models are equipped with the Android 4.0 operating system and three
of the five models support the +WiMAX service and are WiMAX-compatible); “au
Smart Pass” service, which is designed to improve the smartphone experience
for users by offering a novel platform to enjoy smartphones safely and
conveniently; "Wi-Fi HOME SPOT" to au mobile phone users; and a new
wireless LAN service for home environments allows high speed transmissions at
home through wireless LAN. In addition, in May 2012, KDDI announced its plans
to release the REGZA tablet AT500/26F (manufactured by Toshiba Corporation) in
June 2012; and implement ‘Open Graph’ a next-generation platform offered by
Facebook on applications offered under ‘au Smart Pass’ and a range of other
smartphone applications offered by KDDI. In June 2011, KDDI in collaboration
with Okinawa Cellular Telephone Company released the five new models of au
smartphone "IS series". In May 2011, the company launched
"INFOBAR A01", the first smartphone by "iida", with its peripheral
items including special covers
offering a novel platform to enjoy smartphones safely and conveniently;
"Wi-Fi HOME SPOT" to au mobile phone users; and a new wireless LAN
service for home environments allows high speed transmissions at home through
wireless LAN. In addition, in May 2012, KDDI announced its plans to release the
REGZA tablet AT500/26F (manufactured by Toshiba Corporation) in June 2012; and
implement ‘Open Graph’ a next-generation platform offered by Facebook on
applications offered under ‘au Smart Pass’ and a range of other smartphone
applications offered by KDDI. In June 2011, KDDI in collaboration with Okinawa
Cellular Telephone Company released the five new models of au smartphone
"IS series". In May 2011, the company launched "INFOBAR
A01", the first smartphone by "iida", with its peripheral items
including special covers. The company started offering "au Wi-Fi
SPOT," a public wireless LAN service to enable comfortable internet
communication using au smartphone outdoors.
Planning
This growth could
generate an estimated $4.9 trillion in revenue by the end of 2013. The global
telecom market is expected to grow at a compound annual growth rate (CAGR) of
6.3% between 2009 and 2013, while the US telecom market is expected to grow at
3.7% CAGR during the same period. Also, China would lead the ranking of TIA’s
top ten countries in telecommunications-based revenue, with $335 billion
revenue in 2011, followed by Japan with $200 billion, Germany with $192
billion, the UK with $172 billion, Italy with $122 billion, France with $113
billion, India with $107 billion, Mexico with $80 billion, and Spain with $77
billion.strategic initiativesEA has been continuously executing major strategic
initiatives towards strengthening and expanding its market presence. In June
2012, KDDI announced its plan to invest approximately 11 billion yen in the
Greater China market to construct a new TELEHOUSE data center in Beijing, which
complies with TELEHOUSE global standards, and to expand the existing data
center floor area in Hong Kong by 2.4 times. Both facilities are scheduled to
begin operations in December 2012.
Through the fund,
KDDI will invest in potential startup companies in Japan and overseas and
support service development, offer platforms for cloud services and cooperate
in promotional initiatives. In July 2012, KDDI entered into a partnership with
3rdKind Inc., for co-publishing of foreign smartphone apps to the Japanese
Market for the KDDI "au Smart Pass". Such strategic initiatives could
boost the company's brand image and also enable it to reach out to a wider
customer base. Besides, the company focuses on capitalizing on the increasing
internet traffic between the US and Japan through the introduction of leased
circuit services connecting these two countries. Additionally, a range of
bandwidths including 300Mbps, 450Mbps, 750Mbps, 900Mbps, and 1Gbps have been
listed under Ethernet leased circuits to meet these broad-band requirements.
Resource Management
With regard to
"Reconstruction of Foundational Business," we made significant
improvements against all four key performance indicators (KPIs) that we set for
ourselves in the Mobile Business, fully recovering our au momentum. We also
increased revenues and profit in the Fixed-line Business. In "Preparation
for Medium-term strategy," we continued preparing to introduce our 3M
strategy, a growth strategy designed to maximize KDDI’s strengths as a
company that operates both mobile and fixed-line businesses. The year ending March
31, 2013, will mark the full-scale implementation of KDDI’s 3M strategy. We
will propose diverse content and services over networks that are convenient and
offer easy connections, that customers can access anywhere and anytime, from
their devices of choice.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
KDDI Corporation
(KDDI) is a Japanese telecommunications company. It provides services to mobile
phone subscribers with wireless voice and mobile Internet services. The company
has a strong customer base, and global network against its concentrated
revenues from single business segment. While the changes in technology and
intense competition could restrict its growth, the company could benefit from
the rising demand for telecommunication services and the introduction of new
products and services.
Strengths
Increase in Financial Performance
Improved financial
performance would enhance the company's market position and improve its
profitability. KDDI’s financial performance has improved compared over
previous year. During the fiscal year ended March 2012, the company generated
revenue of JPY357,2097m, reflecting an increase of 4% over JPY343,4545m in
2011. The increase could be attributed to improved revenues from its Mobile Business,
Fixed-line Business and other business. Increased financial performance would
enhance the company's market position and improve its profitability.
Strong Subscriber Base
The company has been
witnessing a considerable growth in its customer base. In August 2012, the
total number of ‘au’ subscribers of KDDI increased to 35.88 million users
from 35.72 million users in July 2012. Besides its subscriptions to additional
services (EZweb/IS NET) and subscriptions to module-type services increased to
28.90 million and 2.13 million in August 2012, from 28.86 million and 2.09
million in July 2012. Besides, the total number of ‘au’ subscribers of the
KDDI group totaled 35.10 million. The number of subscribers reflects a 6.4%
growth over the previous fiscal year’s figure of 32.99 million. During fiscal
year 2012 it had 2,110 net additions. In addition, its number of subscribers
for mobile internet connection service increased to 28.57 subscribers in 2012
from 27.48 subscribers in 2011. KDDI has been witnessing an increase in its
subscription levels since 2004. This trend of increasing subscription levels
indicates KDDI’s growing acceptance amongst consumers and this acts as a
strong supporting factor for the company as it could gain a further share of
the market with a greater number of users preferring its service.
Strong Network
The company offers
a wide range of mobile services with the help of its robust network. Through
subsidiaries and data centers around the world, KDDI offers an integrated
telecommunications services to its customers across its geographies. It has
leveraged a framework to deliver ICT solutions through its large capacity
fibre-optic cables and through the expansion of regional networks across the
world. KDDI offers global solutions through its data centers under the
“TELEHOUSE” brand. Its facilities extend to 43 locations in 23 cities
within 12 regions serve more than 1,300 corporate clients. The KDDI group has
105 subsidiaries and 24 affiliates in domestic and overseas markets. In 2012,
KDDI launched TELEHOUSE FRANKFURT in Germany; as well as constructing a new
TELEHOUSE data center in Beijing, China. Recently, KDDI also started its
operations through its European local subsidiary, TELEHOUSE JOHANNESBURG in
Johannesburg, Republic of South Africa and TELEHOUSE LONDON Docklands West in
London, the UK. In April 2011, KDDi established KDDI Russia (KDDI Rus LLC) in
Moscow and reached a total of 91 overseas bases in 58 cities in 26 regions
around the world. In March 2011, TELEHOUSE EUROPE, an European entity of KDDI
Corporation opened "TELEHOUSE ISTANBUL" in Istanbul, Turkey, to
provide data center services that match the "TELEHOUSE" global
standard. In January 2011, KDDI launched KDDI Brazil (KDDI DO BRASIL SOLUCOES
EM TECNOLOGIA LTDA) within Sao Paulo, and reached 88 offices in 25 regions and
57 cities worldwide. TELEHOUSE AMERICA, KDDI's American local subsidiary,
launched TELEHOUSE NEW YORK Chelsea and begin providing data center services
that meet the TELEHOUSE global standard. A strong global network enables the
company to focus on its services and to improve the quality of the distribution
of services to its customers.
Weaknesses
Substantial Presence of Debt
Substantial debt
can lead to delayed investment proposals and capital expenditure, sale of
assets to finance growth and operational needs, compelling the company to seek
additional capital, restructure, and refinance its debt to survive in the
dynamic business environment. KDDI’s debt has been continuously increasing
during 2008-12 at a compound annual growth rate (CAGR) of 16.07%. As of March
2012, the company's total debt was JPY103,7791m representing an increase of
7.1% over JPY969,268m in 2010. During fiscal year 2011, it reported debt to
equity ratio of 50.33% and debt to capital ratio of 32.80%, as compared to
46.05% and 30.56% respectively in 2010. Huge amounts of debt results in heavy
interest burden on the company. Presence of substantial debt is a matter of
concern, as any reduction in revenue and operating cash flow could hinder the
company’s ability to repay interest and principal, resulting in defaults.
Reliance on Mobile Business
The company
operates in three reportable business segments namely, Fixed Line business,
Mobile business, and other business. Although it has wide business operations,
it generates major portion of its revenues from the sale of mobile handsets and
mobile services under the brand name ‘au’. In fiscal year 2012, the Mobile business
derived 72.9% of the total revenue, followed by Fixed-line business with 24.4%
and other business with 2.7%. These figures indicate that the company generated
a significant portion of its revenue from single segment, compared to other
segments, which increases the risks associated with a particular business
segment. The concentration of revenue from one segment could adversely affect
the profitability of the company.
Opportunities
Growth in Telecommunications Services
The company, being
a provider of electronic components and network solutions to telecommunications
market, could augment its operational revenue with rapid growth in the global
telecommunications services market. According to Telecommunications Industry
Association (TIA), steady growth is projected in the US and global telecom
market in the future. This growth could generate an estimated $4.9 trillion in
revenue by the end of 2013. The global telecom market is expected to grow at a
compound annual growth rate (CAGR) of 6.3% between 2009 and 2013, while the US
telecom market is expected to grow at 3.7% CAGR during the same period. Also,
China would lead the ranking of TIA’s top ten countries in
telecommunications-based revenue, with $335 billion revenue in 2011, followed
by Japan with $200 billion, Germany with $192 billion, the UK with $172
billion, Italy with $122 billion, France with $113 billion, India with $107
billion, Mexico with $80 billion, and Spain with $77 billion.
Focus on Innovation
KDDI is focused on
the innovation of new products and services to satisfy the needs of its
customers. The new product launches could help the company in attracting more
customers and in turn help in its top-line growth. In 2012 KDDI launched
several products and services including Japan's first cloud-based, medical
real-time 3D imaging solutions; Video Pass, a video service, which allows users
to enjoy a broad range of movies anytime and anywhere; five new au smartphone
models (all models are equipped with the Android 4.0 operating system and three
of the five models support the +WiMAX service and are WiMAX-compatible); “au Smart
Pass” service, which is designed to improve the smartphone experience for
users by offering a novel platform to enjoy smartphones safely and
conveniently; "Wi-Fi HOME SPOT" to au mobile phone users; and a new
wireless LAN service for home environments allows high speed transmissions at
home through wireless LAN. In addition, in May 2012, KDDI announced its plans
to release the REGZA tablet AT500/26F (manufactured by Toshiba Corporation) in
June 2012; and implement ‘Open Graph’ a next-generation platform offered by
Facebook on applications offered under ‘au Smart Pass’ and a range of other
smartphone applications offered by KDDI. In June 2011, KDDI in collaboration
with Okinawa Cellular Telephone Company released the five new models of au
smartphone "IS series". In May 2011, the company launched
"INFOBAR A01", the first smartphone by "iida", with its
peripheral items including special covers. The company started offering
"au Wi-Fi SPOT," a public wireless LAN service to enable comfortable
internet communication using au smartphone outdoors. Earlier, it has developed
a free viewpoint video technology. This new technology allows end-users to view
televised images from the viewpoint of their choice. The company has also
developed a 1Gbit/s infrared communication interface, whose speed is 250 times
greater than that of the present interface. With the ever growing demand for
consumer electronics products such as digital cameras, mobile phones, DVD
recorders, and others, the market for the communication interface is only going
to grow. This could provide KDDI with a huge opportunity to cater to this
highly demanding market by introducing new products and technologies.
Strategic Initiatives
EA has been
continuously executing major strategic initiatives towards strengthening and
expanding its market presence. In June 2012, KDDI announced its plan to invest
approximately 11 billion yen in the Greater China market to construct a new
TELEHOUSE data center in Beijing, which complies with TELEHOUSE global
standards, and to expand the existing data center floor area in Hong Kong by
2.4 times. Both facilities are scheduled to begin operations in December 2012.
The company has taken this initiative to strengthen its data center business in
the Greater China market. The initiative will increase the total number of data
centers from four to five and the total floor area of all facilities to
approximately 67,000 square meters. In January 2012, KDDI launched TELEHOUSE
FRANKFURT in Germany. With this launch, the TELEHOUSE brand of data centers
will span 43 sites in 23 cities and 12 regions and worldwide. In February 2012,
KDDI establishment ‘KDDI Open Innovation Fund’ a corporate venture capital
fund to support promising startup companies. Through the fund, KDDI will invest
in potential startup companies in Japan and overseas and support service
development, offer platforms for cloud services and cooperate in promotional
initiatives. In July 2012, KDDI entered into a partnership with 3rdKind Inc.,
for co-publishing of foreign smartphone apps to the Japanese Market for the
KDDI "au Smart Pass". Such strategic initiatives could boost the
company's brand image and also enable it to reach out to a wider customer base.
Besides, the company focuses on capitalizing on the increasing internet traffic
between the US and Japan through the introduction of leased circuit services
connecting these two countries. Additionally, a range of bandwidths including
300Mbps, 450Mbps, 750Mbps, 900Mbps, and 1Gbps have been listed under Ethernet
leased circuits to meet these broad-band requirements. The service could
facilitate the customers to use mid-range bandwidths, especially in an optimal
network environment. Also, it offers the flexibility in changing bandwidths
over the same physical connection provided to the customers. This new service
could engender a favorable environment for the company to enhance both its
sales and customer base.
Threats
Fragility of Network and Collocation Services
The company’s
success depends on its ability to provide high quality and reliable products
and services. Any cause of human error, natural disaster, extreme temperature
or other unanticipated problems could affect the ability of its provision of
services to the customers. Any problems in analyzing and applying data could
interrupt the services. The services are also prone to unauthorized access,
computer viruses, and other disruptive problems caused by customers, employees,
and others. Resolving network failures and security problems could also cause
interruptions, failure or delay in the services. All these causes of
interruption could result in loss of customers, damaging the company’s image
in the market.
Rapid Technological Changes
The technology
market is subject to rapid changes, and, to compete effectively, the company
must continually introduce new products that achieve market acceptance. The IT
enabled communication equipment industry is characterized by fast technological
changes, evolving industry standards, changing market conditions and frequent
new product and service introductions and enhancements. The introduction of
products using new technologies or the adoption of new industry standards can make
the existing products or products under development obsolete or unmarketable.
In order to remain competitive and in order to increase its sales, the company
needs to adapt to the rapidly changing business environment.
Intense Competition
The industry in
which KDDI operates is characterized by intense competition, evolving industry
standards and business models, rapid software and hardware technology
developments and new product introductions. The company’s competitors include
large number of both large and small participants. Some of its competitors are
part of large, diversified companies, whose financial, technical, and marketing
resources are significantly greater than those of the company. Various products
of the company face competition from new and innovative products of its
competitors. Factors including changes in customer order patterns and
competitors’ new products could also impact the company’s competitive
ability. The list of competitors of KDDI includes Nippon Telegraph and Telephone
Corporation, ACCA Networks Co., Ltd, NTT DoCoMo, Inc., and Japan Communication
Inc. Apart from the established players in the developed countries, several
companies from emerging countries too are competing hard to garner the higher
market share. In this competitive environment, it becomes difficult for the
company to maintain its margins as it constantly faces severe pricing pressure.
Unless the company enhances its existing products, introduces new products on a
timely and cost-effective basis, and meets changing customer needs, it will not
be able to survive in the market.
Retention of Skilled Labor
In the
communication industry, success of any company depends heavily on the quality
of management of intellectual properties and quality professionals. KDDI, being
a domestic and international telecommunication services, internet services, and
solution services provider company, depends heavily on its skilled personnel
and management team. However, high attrition level or failure to retain the
qualified professionals can affect the operations and the performance of the
company. Its ability to execute project engagements and obtain new clients
depends in large part on its ability to attract, train, motivate and retain
highly skilled professionals, especially project managers, software engineers
and other senior technical personnel. If the company cannot hire and retain
additional qualified personnel, its ability to bid for and obtain new projects
will be impaired and its revenue could decline. The company should be very
choosy while selecting new qualified personnel and retaining key personal to
walk into future. Continued high employee attrition rates in this business may
adversely affect its revenue and profitability.
|
Corporate Family |
Corporate
Structure News: |
|
|
KDDI
Corp |
|
KDDI Corp |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-Ku |
Japan |
Communications Services |
44,139.7 |
20,238 |
|
|
Subsidiary |
Tokyo |
Japan |
Communications Services |
|
1,500 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Business Services |
18.2 |
|
|
|
Subsidiary |
Koza, Okinawa |
Japan |
Business Services |
|
750 |
|
|
Subsidiary |
Nagoya |
Japan |
Communications Services |
|
576 |
|
|
Subsidiary |
Tokyo |
Japan |
Advertising |
|
423 |
|
|
Subsidiary |
Tokyo |
Japan |
Communications Services |
|
362 |
|
|
Subsidiary |
Gangnam-Gu |
Korea, Republic of |
Software and Programming |
|
326 |
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Specialty) |
|
300 |
|
|
Subsidiary |
Fujimino, Saitama |
Japan |
Software and Programming |
|
272 |
|
|
Subsidiary |
Dhaka |
Bangladesh |
Communications Services |
|
250 |
|
|
Subsidiary |
Naha-Shi |
Japan |
Communications Services |
628.9 |
243 |
|
|
Subsidiary |
New York, NY |
United States |
Communications Services |
|
205 |
|
|
Subsidiary |
Fort Lee, NJ |
United States |
Communications Services |
|
200 |
|
|
Branch |
Santa Fe Springs, CA |
United States |
Business Services |
1.1 |
8 |
|
|
Branch |
Torrance, CA |
United States |
Communications Services |
9.3 |
25 |
|
|
Branch |
Bensenville, IL |
United States |
Communications Services |
4.5 |
12 |
|
|
Branch |
Livonia, MI |
United States |
Communications Services |
3.7 |
10 |
|
|
Branch |
Burlingame, CA |
United States |
Communications Services |
2.6 |
7 |
|
|
Subsidiary |
Los Angeles, CA |
United States |
Communications Services |
0.5 |
3 |
|
|
Subsidiary |
London |
United Kingdom |
Communications Services |
161.5 |
197 |
|
|
Subsidiary |
London |
United Kingdom |
Computer Services |
144.2 |
188 |
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Construction Services |
43.2 |
188 |
|
|
Subsidiary |
Quarry Bay |
Hong Kong |
Computer Services |
|
150 |
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Computer Networks |
|
50 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
32.6 |
135 |
|
|
Subsidiary |
London |
United Kingdom |
Computer Services |
144.2 |
88 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Software and Programming |
|
80 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
877.2 |
61 |
|
|
Subsidiary |
Singapore |
Singapore |
Communications Services |
|
60 |
|
|
Subsidiary |
Hanoi |
Viet Nam |
Computer Networks |
|
31 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Computer Networks |
1.3 |
15 |
|
|
Subsidiary |
New Delhi, Delhi |
India |
Electronic Instruments and Controls |
2.4 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Computer Networks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
|
59 |
|
|
Subsidiary |
Staten Island, NY |
United States |
Computer Services |
10.7 |
55 |
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Communications Services |
|
54 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
50 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Computer Networks |
6.1 |
40 |
|
|
Subsidiary |
Paris |
France |
Computer Services |
8.8 |
34 |
|
|
Subsidiary |
Makati, Metro Manila |
Philippines |
Computer Networks |
|
25 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Computer Networks |
21.0 |
20 |
|
|
Subsidiary |
Troisdorf, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
|
150 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Computer Networks |
2.9 |
20 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Computer Networks |
|
20 |
|
|
Subsidiary |
Beijing |
China |
Communications Services |
|
20 |
|
|
Subsidiary |
Guangzhou |
China |
Communications Services |
|
15 |
|
|
Subsidiary |
Saitama |
Japan |
Scientific and Technical Instruments |
|
14 |
|
|
Subsidiary |
London |
United Kingdom |
Communications Services |
0.6 |
3 |
|
|
Subsidiary |
Kowloon |
Hong Kong |
Printing and Publishing |
|
2 |
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Construction Services |
715.4 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
6.8 |
|
|
|
Subsidiary |
Ulaanbaatar |
Mongolia |
Communications Services |
|
|
|
|
Subsidiary |
Ulaanbaatar |
Mongolia |
Computer Services |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Computer Networks |
|
|
|
|
Subsidiary |
North Sydney, NSW |
Australia |
Communications Services |
|
|
|
|
Subsidiary |
Hamilton, Pembroke |
Bermuda |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Communications Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Broadcasting and Cable Television |
|
|
|
|
Subsidiary |
Chiyoda-Ku |
Japan |
Broadcasting and Cable Television |
4,722.4 |
11,468 |
|
|
Division |
Tokyo |
Japan |
Broadcasting and Cable Television |
|
375 |
|
|
Subsidiary |
Osaka-Shi |
Japan |
Business Services |
222.6 |
210 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Business Services |
222.3 |
|
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Broadcasting and Cable Television |
42.0 |
80 |
|
|
Subsidiary |
Tokyo |
Japan |
Motion Pictures |
|
77 |
|
|
Subsidiary |
Tsuchiura, Ibaraki |
Japan |
Broadcasting and Cable Television |
90.0 |
45 |
|
|
Subsidiary |
Tokorozawa, Saitama |
Japan |
Broadcasting and Cable Television |
32.1 |
30 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Construction Services |
1,163.7 |
27 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Motion Pictures |
69.5 |
15 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Broadcasting and Cable Television |
959.5 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
892.6 |
|
|
|
Subsidiary |
Nerima-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
502.7 |
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Broadcasting and Cable Television |
317.9 |
|
|
|
Subsidiary |
Fukuoka, Fukuoka |
Japan |
Broadcasting and Cable Television |
311.6 |
|
|
|
Subsidiary |
Fujisawa, Kanagawa |
Japan |
Broadcasting and Cable Television |
289.9 |
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
235.3 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Motion Pictures |
191.6 |
|
|
|
Subsidiary |
Urayasu, Chiba |
Japan |
Broadcasting and Cable Television |
149.8 |
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Broadcasting and Cable Television |
124.2 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Broadcasting and Cable Television |
50.1 |
|
|
|
Subsidiary |
Nakano-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
41.1 |
65 |
|
|
Subsidiary |
Kawaguchi, Saitama |
Japan |
Communications Services |
52.5 |
55 |
|
|
Subsidiary |
Ota-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
43.3 |
40 |
|
|
Subsidiary |
Kamakura, Kanagawa |
Japan |
Broadcasting and Cable Television |
37.3 |
40 |
|
|
Subsidiary |
Hachioji, Tokyo |
Japan |
Broadcasting and Cable Television |
47.5 |
35 |
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Broadcasting and Cable Television |
225.3 |
|
|
|
Subsidiary |
Matsudo, Chiba |
Japan |
Broadcasting and Cable Television |
112.8 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Broadcasting and Cable Television |
89.6 |
|
|
|
Subsidiary |
Funabashi, Chiba |
Japan |
Broadcasting and Cable Television |
76.3 |
|
|
|
Subsidiary |
Chiba, Chiba |
Japan |
Broadcasting and Cable Television |
61.2 |
|
|
|
Subsidiary |
Tachikawa, Tokyo |
Japan |
Broadcasting and Cable Television |
56.2 |
|
|
|
Subsidiary |
Adachi-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
48.2 |
|
|
|
Subsidiary |
Ichikawa, Chiba |
Japan |
Broadcasting and Cable Television |
47.1 |
|
|
|
Subsidiary |
Mitaka, Tokyo |
Japan |
Broadcasting and Cable Television |
44.5 |
|
|
|
Subsidiary |
Kumamoto, Kumamoto |
Japan |
Broadcasting and Cable Television |
43.5 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Communications Services |
|
|
|
|
Subsidiary |
East Brunswick, NJ |
United States |
Communications Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
|
|
|
|
Subsidiary |
Gardena, CA |
United States |
Computer Services |
|
|
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Computer Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Broadcasting and Cable Television |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Communications Services |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Deutsche Telekom AG |
Bonn, Germany |
229,746 |
Public |
|
HIKARI TSUSHIN, INC. |
Toshima-Ku, Japan |
6,303 |
Public |
|
Kansai Electric Power Co Inc |
Osaka-Shi, Japan |
32,961 |
Public |
|
Nippon Telegraph And Telephone Corp |
Chiyoda-Ku, Japan |
224,239 |
Public |
|
Softbank Corp |
Minato-Ku, Japan |
24,598 |
Public |
|
Telefonica SA |
Madrid, Spain |
132,726 |
Public |
Executive report
|
Board of Directors |
|
|
|
|
|||||||||
|
Chairman of the Board, Representative Director |
Chairman |
|
|||||||||
|
||||||||||||
|
Board Member |
Vice-Chairman |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Chief Director of Consumer Sales, Director |
Director/Board Member |
|
|
||||||||
|
Managing Executive Officer, Deputy Chief Senior Director of
Technology, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Chief Director of Consumer
Business, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Board Member |
Director/Board Member |
|
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
Executive Vice President, Chief Senior Director of Corporate,
Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Associate Senior VP & General Manager-Corporate Communications
Sector |
Director/Board Member |
|
|
||||||||
|
Board Member |
Director/Board Member |
|
|
||||||||
|
Senior Managing Executive Officer, Chief Senior Director of
Technology, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Chief Director of Purchase in Main Corporate
Supervision Unit, Deputy Chief Director of Solution Sales, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Senior Managing Executive Officer, Chief Senior Director of New
Business, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
President, Representative Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
||||||
|
President, Representative Director |
President |
|
||||||
|
|||||||||
|
Executive Officer, Chief Director of Information System |
Division Head Executive |
|
|
|||||
|
Executive Officer, Chief Director of New Business Promotion |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Chief Director of Consumer Sales, Director |
Division Head Executive |
|
|
|||||
|
Executive Officer, Chief Director of Consumer Business Planning |
Division Head Executive |
|
|
|||||
|
Executive Officer, Deputy Chief Director of Solution Business |
Division Head Executive |
|
|
|||||
|
Executive Officer, Chief Director of Solution Sales |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Senior Director of
Technology, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Senior Managing Executive Officer, Chief Director of Consumer
Business, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Executive Officer |
Division Head Executive |
|
|
|||||
|
Executive Officer |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Executive Officer, Chief Director of Human Resources & General
Affairs |
Division Head Executive |
|
|
|||||
|
Executive Officer, President of Subsidiaries |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Associate Senior VP & General Manager-Corporate Communications
Sector |
Division Head Executive |
|
|
|||||
|
Executive Officer, Deputy Chief Senior Director of Technology |
Division Head Executive |
|
|
|||||
|
Executive Officer, Deputy Chief Director of Solution Promotion |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer, Chief Senior Director of
Technology, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Executive Officer, Chief Director of Solution Business |
Division Head Executive |
|
|
|||||
|
Executive Officer, Chief Director of Purchase in Main Corporate Supervision
Unit, Deputy Chief Director of Solution Sales, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Senior Managing Executive Officer, Chief Senior Director of New
Business, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, President of Subsidiary, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Executive Officer, Chief Director of Network Technology |
Division Head Executive |
|
|
|||||
|
Standing Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Standing Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Standing Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Standing Statutory Auditor |
Accounting Executive |
|
|
|||||
|
Chief Director of Business Administration |
Investor Relations Executive |
|
|
|||||
|
Deputy Chief Director of Solution Business |
Other |
|
|
|||||
|
Vice President |
Other |
|
|
|||||
|
|||||||||
Significant Developments
GREE, Inc. Announces Settlement of Lawsuits Filed by GREE, Inc. and KDDI CORP Jun 28, 2013
GREE, Inc. announced that it has reached settlement of a lawsuit, which GREE, Inc. and KDDI CORP filed against DeNA Co Ltd regarding violation of the antitrust laws.
KDDI CORP Bid For Telecom Licence In Myanmar-Business Standard Jun 05, 2013
Business Standard reported that apart from Airtel consortium, there are ten other bidders in the race for two new licences in Myanmar, which include Axiata, Digicel, France-Tel, KDDI CORP, Millicom, MTN, QTel, SingTel, Telenor and Viettel. A consortium of Vodafone and China Mobile decided to opt out of the bidding process. The winners are expected to be announced on June 27. The licences are for 2x5 MHz on 900 MHz and 2x10 MHz on 2,100 MHz. Overall, the Myanmarese government will award four licences, two new ones and two for the existing local operators, MPT (the incumbent) and Yatanarpon Teleport (YT).
KDDI CORP Announces Business Alliance with PIA CORP May 13, 2013
PIA CORP announced that it has signed a business alliance agreement with KDDI CORP. Through the business alliance, the two companies will collaborate in the Internet portal related business through the combination of the entertainment information service of PIA and the contents service of KDDI. The business alliance will start after June 1, 2013.
KDDI CORP to Pay Year-end Dividend for FY 2013 Apr 30, 2013
KDDI CORP announced that it will pay a year-end dividend of JPY 95.00 per share or JPY 36,310 million in total, above the latest dividend forecast of JPY 85.00 per share, to all the shareholders as a record of March 31, 2013, effective June 20, 2013.
Myanmar Names KDDI CORP And Other Bidders In Race For Two Mobile Licences-Reuters Apr 11, 2013 reported that Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets. The companies include Bharti Airtel Ltd, China Mobile Ltd, KDDI CORP, MTN Group Ltd, Singapore Telecommunications Ltd, Telenor ASA and Digicel, a group backed by billionaire George Soros. The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013. The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said. China Mobile has teamed up with Vodafone Group Plc, while France Telecom SA is working with Marubeni Corporation, and Africa's MTN with M1 Telecom and Amara Communications. SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's SUMITOMO CORP and Myanmar Information and Communication Technology Development Corp. Other pre-qualifiers are Axiata Group Bhd, Millicom International Cellular SA, Qatar Telecom QSC and Viettel Group. The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5%-10%, compared with rates of over 100% in many developed markets.
Jupiter Telecommunications Co Ltd Announces Result for Tender Offer by
KDDI CORP and NJ Corporation
Apr 11, 2013
Jupiter Telecommunications Co Ltd announced the result of tender offer by KDDI CORP and NJ Corporation, of which the same number of voting rights are owned by SUMITOMO CORP and KDDI CORP. KDDI CORP acquired 644,115 shares and NJ Corporation acquired 553,679 shares and 1,922 share options (a total of 8.09% stake) in Jupiter Telecommunications, for JPY 123,000 per share during the period from February 27, 2013 to April 10, 2013. As a result, KDDI will hold 40.47% stake (2,777,912 voting rights) of Jupiter Telecommunications up from 31.08% stake (2,133,797 voting rights) and become the top shareholder, effective April 17, 2013.
Jupiter Telecommunications Co Ltd Announces Price Change in the Tender Offer by KDDI CORP and SUMITOMO CORP Feb 26, 2013
Jupiter Telecommunications Co Ltd announced that the tender offer price was changed from JPY 110,000 per share, which was disclosed on October 24, 2012, to JPY 123,000 per share, in the tender offer by KDDI and Sumitomo Corp.
Bell-Park Co Ltd Signs Franchise Contract with KDDI Corp Feb 13, 2013
Bell-Park Co Ltd announced that it has signed a franchise contract with KDDI Corp in February 2013. Through the contract, the Company will be engaged in the sales of au mobile terminals and provision of other services.
KDDI CORP Raises FY 2013 Guidance-Conference Call Jan 28, 2013
KDDI CORP revised fiscal 2013 results forecasts. Up to the third quarter it has been trending very steadily and stably so based on this, it is revising the full-year results forecast. Consolidated operating revenues, compared to the previous forecast it is adding plus JPY50 billion to JPY3,630 billion and consolidated operating income, plus JPY5 billion to JPY505 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY3,618 billion for fiscal 2013.
KDDI CORP Announces Partial Change to Article of Incorporation of Authorized Share Number; Announces Adjustment of Conversion Price of 2015 Due Euro Yen Dominated Convertible Bond with Warrants Jan 28, 2013
KDDI CORP announced that it has received approval from its Board of Directors to make partial change to its article of incorporation on April 1, 2013. Based on change to article six, the Company will increase the number of its total number of authorized shares from 700,000,000 shares to 1,400,000,000 shares. The Company also announced that it has revised the conversion price of 2015 due Euro yen dominated convertible bond with Warrants from JPY 5,731 per share to JPY 2,865.5 per share, applicable from April 1, 2014.
KDDI CORP Revises FY 2013 Guidance-Conference Call Oct 24, 2012
KDDI CORP announced that for fiscal 2013, it expects JPY3.58 trillion is the guideline of revenues, which includes JPY500 billion operating income target. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY3.58 trillion for fiscal 2013.
KDDI CORP to Acquire Jupiter Telecommunications Co., Ltd. through Takeover Bid Oct 24, 2012
KDDI CORP announced that it will acquire Jupiter Telecommunications Co., Ltd. through takeover bid.
KDDI CORP Comments On Q2 2013 Earnings Guidance-Conference
Call Jul 25,
2012
KDDI CORP announced that in the plan, that will be about the JPY50 billion range cost reduction effects are expected. For the second quarter of 2013 and onwards, as a result, the income is likely to increase for that portion.
R&I Reaffirms KDDI Corporation's Rating at "A+"; Rating Outlook Stable Jul 20, 2012
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on KDDI Corporation at "A+". The rating outlook is stable.
Annual Income Statement
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 |
Reclassified
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
44,139.7 |
45,238.6 |
40,080.4 |
37,035.8 |
34,806.5 |
|
Revenue |
44,139.7 |
45,238.6 |
40,080.4 |
37,035.8 |
34,806.5 |
|
Total Revenue |
44,139.7 |
45,238.6 |
40,080.4 |
37,035.8 |
34,806.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
- |
- |
7,621.9 |
7,557.6 |
7,029.1 |
|
Cost of Revenue, Total |
- |
- |
7,621.9 |
7,557.6 |
7,029.1 |
|
Gross Profit |
44,139.7 |
45,238.6 |
32,458.4 |
29,478.2 |
27,777.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
17,624.2 |
18,339.4 |
9,329.3 |
8,712.5 |
8,513.5 |
|
Total Selling/General/Administrative Expenses |
17,624.2 |
18,339.4 |
9,329.3 |
8,712.5 |
8,513.5 |
|
Research & Development |
424.1 |
513.3 |
103.5 |
106.9 |
96.2 |
|
Depreciation |
4,483.1 |
4,926.6 |
4,941.5 |
4,737.3 |
4,157.9 |
|
Depreciation/Amortization |
4,483.1 |
4,926.6 |
4,941.5 |
4,737.3 |
4,157.9 |
|
Restructuring Charge |
- |
- |
0.0 |
517.1 |
0.0 |
|
Impairment-Assets Held for Use |
1,244.6 |
126.0 |
979.8 |
115.5 |
767.7 |
|
Impairment-Assets Held for Sale |
6.3 |
6.4 |
4.3 |
24.7 |
52.4 |
|
Other Unusual Expense (Income) |
-6.1 |
-89.7 |
208.3 |
-57.1 |
0.0 |
|
Unusual Expense (Income) |
1,244.7 |
42.6 |
1,192.3 |
600.1 |
820.2 |
|
Other Operating Expense |
15,429.2 |
15,410.1 |
12,577.0 |
11,145.7 |
10,599.0 |
|
Other Operating Expenses, Total |
15,429.2 |
15,410.1 |
12,577.0 |
11,145.7 |
10,599.0 |
|
Total Operating Expense |
39,205.3 |
39,232.0 |
35,765.6 |
32,860.1 |
31,215.9 |
|
|
|
|
|
|
|
|
Operating Income |
4,934.3 |
6,006.6 |
4,314.8 |
4,175.7 |
3,590.6 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-134.0 |
-163.3 |
-165.2 |
-136.5 |
-119.0 |
|
Interest Expense, Net Non-Operating |
-134.0 |
-163.3 |
-165.2 |
-136.5 |
-119.0 |
|
Interest Income -
Non-Operating |
9.3 |
12.2 |
7.5 |
5.2 |
10.3 |
|
Investment Income - Non-Operating |
124.3 |
-111.6 |
-138.0 |
-74.9 |
410.5 |
|
Interest/Investment Income - Non-Operating |
133.6 |
-99.4 |
-130.5 |
-69.6 |
420.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
-262.6 |
-295.8 |
-206.2 |
301.8 |
|
Gain (Loss) on Sale of Assets |
-5.9 |
-6.4 |
13.3 |
5.5 |
5.4 |
|
Other Non-Operating Income (Expense) |
34.1 |
17.4 |
-3.2 |
-8.8 |
31.9 |
|
Other, Net |
34.1 |
17.4 |
-3.2 |
-8.8 |
31.9 |
|
Income Before Tax |
4,962.1 |
5,755.0 |
4,029.2 |
3,966.3 |
3,929.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
1,955.5 |
2,628.6 |
948.0 |
1,616.2 |
1,695.0 |
|
Income After Tax |
3,006.7 |
3,126.3 |
3,081.1 |
2,350.1 |
2,234.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-96.3 |
-104.5 |
-103.9 |
-60.8 |
-17.9 |
|
Net Income Before Extraord Items |
2,910.3 |
3,021.8 |
2,977.3 |
2,289.3 |
2,216.7 |
|
Net Income |
2,910.3 |
3,021.8 |
2,977.3 |
2,289.3 |
2,216.7 |
|
|
|
|
|
|
|
|
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 |
2,910.3 |
3,021.8 |
2,977.2 |
2,289.2 |
2,216.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2,910.3 |
3,021.8 |
2,977.2 |
2,289.2 |
2,216.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
764.4 |
821.1 |
877.5 |
890.8 |
891.4 |
|
Basic EPS Excl Extraord Items |
3.81 |
3.68 |
3.39 |
2.57 |
2.49 |
|
Basic/Primary EPS Incl Extraord Items |
3.81 |
3.68 |
3.39 |
2.57 |
2.49 |
|
Dilution Adjustment |
-1.9 |
-0.6 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,908.4 |
3,021.2 |
2,977.2 |
2,289.2 |
2,216.6 |
|
Diluted Weighted Average Shares |
834.2 |
841.9 |
877.5 |
890.8 |
891.4 |
|
Diluted EPS Excl Extraord Items |
3.49 |
3.59 |
3.39 |
2.57 |
2.49 |
|
Diluted EPS Incl Extraord Items |
3.49 |
3.59 |
3.39 |
2.57 |
2.49 |
|
Dividends per Share - Common Stock Primary Issue |
0.96 |
1.01 |
0.82 |
0.65 |
0.55 |
|
Gross Dividends - Common Stock |
829.2 |
814.7 |
709.5 |
623.0 |
487.8 |
|
Interest Expense, Supplemental |
134.0 |
163.3 |
165.2 |
136.5 |
119.0 |
|
Depreciation, Supplemental |
4,902.1 |
4,926.6 |
5,243.4 |
4,959.5 |
4,325.3 |
|
Total Special Items |
1,448.8 |
49.0 |
1,311.8 |
691.8 |
911.7 |
|
Normalized Income Before Tax |
6,410.9 |
5,804.0 |
5,340.9 |
4,658.1 |
4,841.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
492.8 |
22.4 |
277.4 |
242.3 |
351.5 |
|
Inc Tax Ex Impact of Sp Items |
2,448.3 |
2,651.0 |
1,225.4 |
1,858.4 |
2,046.5 |
|
Normalized Income After Tax |
3,962.6 |
3,153.0 |
4,115.5 |
2,799.6 |
2,794.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,866.2 |
3,048.4 |
4,011.6 |
2,738.8 |
2,776.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.06 |
3.71 |
4.57 |
3.07 |
3.12 |
|
Diluted Normalized EPS |
4.63 |
3.62 |
4.57 |
3.07 |
3.12 |
|
Amort of Acquisition Costs, Supplemental |
198.2 |
- |
132.7 |
97.3 |
96.9 |
|
Research & Development Exp, Supplemental |
424.1 |
513.3 |
388.2 |
440.3 |
364.6 |
|
Reported Operating Profit |
6,178.9 |
6,049.1 |
5,507.1 |
4,775.7 |
4,410.7 |
|
Reported Ordinary Profit |
6,200.0 |
5,713.9 |
5,142.6 |
4,549.9 |
4,383.3 |
|
Normalized EBIT |
6,179.0 |
6,049.2 |
5,507.1 |
4,775.8 |
4,410.7 |
|
Normalized EBITDA |
11,279.2 |
10,975.8 |
10,883.3 |
9,832.5 |
8,832.9 |
|
Current Tax - Total |
2,090.0 |
2,245.1 |
- |
- |
- |
|
Current Tax - Total |
2,090.0 |
2,245.1 |
- |
- |
- |
|
Deferred Tax - Total |
-134.5 |
383.5 |
- |
- |
- |
|
Deferred Tax - Total |
-134.5 |
383.5 |
- |
- |
- |
|
Income Tax - Total |
1,955.5 |
2,628.6 |
- |
- |
- |
|
Interest Cost - Domestic |
74.0 |
- |
68.7 |
62.4 |
56.5 |
|
Service Cost - Domestic |
132.4 |
- |
125.0 |
115.6 |
102.0 |
|
Prior Service Cost - Domestic |
-35.1 |
- |
-18.4 |
-11.0 |
-4.7 |
|
Expected Return on Assets - Domestic |
-61.2 |
- |
-55.9 |
-45.0 |
-50.7 |
|
Actuarial Gains and Losses - Domestic |
63.6 |
- |
95.5 |
93.7 |
51.1 |
|
Transition Costs - Domestic |
- |
- |
- |
0.1 |
- |
|
Domestic Pension Plan Expense |
173.7 |
- |
214.8 |
215.9 |
154.2 |
|
Total Pension Expense |
173.7 |
- |
214.8 |
215.9 |
154.2 |
|
Discount Rate - Domestic |
2.00% |
- |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
- |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
74.0 |
- |
68.7 |
62.4 |
56.5 |
|
Total Plan Service Cost |
132.4 |
- |
125.0 |
115.6 |
102.0 |
|
Total Plan Expected Return |
-61.2 |
- |
-55.9 |
-45.0 |
-50.7 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,030.4 |
1,214.3 |
1,652.0 |
1,036.6 |
954.2 |
|
Short Term Investments |
2.5 |
973.3 |
304.1 |
749.1 |
1,083.0 |
|
Cash and Short Term Investments |
1,032.9 |
2,187.6 |
1,956.1 |
1,785.8 |
2,037.1 |
|
Accounts Receivable -
Trade, Gross |
10,322.7 |
9,235.7 |
6,919.7 |
5,739.6 |
4,825.7 |
|
Provision for Doubtful
Accounts |
-215.4 |
-181.6 |
-166.1 |
-146.7 |
-146.1 |
|
Trade Accounts Receivable - Net |
10,107.2 |
9,054.2 |
6,753.6 |
5,592.9 |
4,679.6 |
|
Other Receivables |
653.4 |
804.6 |
822.7 |
476.4 |
372.2 |
|
Total Receivables, Net |
10,760.6 |
9,858.7 |
7,576.4 |
6,069.3 |
5,051.8 |
|
Inventories - Other |
605.2 |
791.8 |
704.1 |
527.1 |
783.6 |
|
Total Inventory |
605.2 |
791.8 |
704.1 |
527.1 |
783.6 |
|
Deferred Income Tax - Current Asset |
624.6 |
701.4 |
773.2 |
721.3 |
729.0 |
|
Other Current Assets |
271.3 |
260.1 |
236.6 |
200.7 |
209.3 |
|
Other Current Assets, Total |
895.9 |
961.4 |
1,009.8 |
922.0 |
938.3 |
|
Total Current Assets |
13,294.6 |
13,799.6 |
11,246.3 |
9,304.1 |
8,810.7 |
|
|
|
|
|
|
|
|
Buildings |
4,950.0 |
6,155.1 |
6,049.3 |
5,380.7 |
4,975.2 |
|
Land/Improvements |
2,634.7 |
3,025.3 |
2,922.3 |
2,576.5 |
2,438.9 |
|
Machinery/Equipment |
42,072.4 |
48,272.6 |
46,174.3 |
39,502.6 |
36,457.5 |
|
Construction in
Progress |
1,241.0 |
1,612.2 |
907.8 |
899.9 |
1,131.1 |
|
Other
Property/Plant/Equipment |
4,473.6 |
4,649.1 |
4,208.9 |
3,479.4 |
2,781.1 |
|
Property/Plant/Equipment - Gross |
55,371.6 |
63,714.3 |
60,262.5 |
51,839.1 |
47,783.9 |
|
Accumulated Depreciation |
-35,922.3 |
-40,849.5 |
-37,665.8 |
-31,065.9 |
-28,020.2 |
|
Property/Plant/Equipment - Net |
19,449.3 |
22,864.8 |
22,596.8 |
20,773.2 |
19,763.7 |
|
Goodwill, Net |
208.1 |
271.1 |
211.9 |
261.2 |
246.7 |
|
Intangibles, Net |
3,023.7 |
3,492.1 |
3,298.3 |
3,192.8 |
2,912.7 |
|
LT Investment - Affiliate Companies |
3,702.8 |
4,272.6 |
4,308.3 |
3,984.9 |
244.3 |
|
LT Investments - Other |
869.3 |
1,051.3 |
891.6 |
995.9 |
410.7 |
|
Long Term Investments |
4,572.0 |
5,323.9 |
5,199.9 |
4,980.8 |
655.0 |
|
Deferred Income Tax - Long Term Asset |
1,217.8 |
1,272.4 |
1,552.7 |
1,074.4 |
1,127.9 |
|
Other Long Term Assets |
1,651.1 |
1,577.1 |
1,489.0 |
1,290.3 |
1,201.5 |
|
Other Long Term Assets, Total |
2,868.8 |
2,849.6 |
3,041.7 |
2,364.7 |
2,329.4 |
|
Total Assets |
43,416.5 |
48,601.0 |
45,594.9 |
40,876.8 |
34,718.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
879.5 |
1,100.5 |
791.5 |
712.3 |
626.1 |
|
Accrued Expenses |
465.1 |
490.9 |
407.5 |
375.9 |
318.9 |
|
Notes Payable/Short Term Debt |
938.0 |
18.0 |
15.7 |
1,082.7 |
819.6 |
|
Current Portion - Long Term Debt/Capital Leases |
1,875.2 |
2,234.8 |
1,674.7 |
1,198.0 |
614.7 |
|
Customer Advances |
667.5 |
776.1 |
874.0 |
798.5 |
711.7 |
|
Income Taxes Payable |
1,113.6 |
1,818.0 |
697.0 |
726.2 |
1,193.6 |
|
Other Payables |
3,051.2 |
3,315.1 |
2,321.5 |
2,681.0 |
2,688.9 |
|
Other Current Liabilities |
332.9 |
450.5 |
545.3 |
312.0 |
216.2 |
|
Other Current liabilities, Total |
5,165.2 |
6,359.7 |
4,437.7 |
4,517.7 |
4,810.3 |
|
Total Current Liabilities |
9,323.1 |
10,203.9 |
7,327.1 |
7,886.6 |
7,189.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
7,497.1 |
10,344.0 |
10,004.4 |
9,340.1 |
7,348.8 |
|
Total Long Term Debt |
7,497.1 |
10,344.0 |
10,004.4 |
9,340.1 |
7,348.8 |
|
Total Debt |
10,310.3 |
12,596.8 |
11,694.8 |
11,620.8 |
8,783.0 |
|
|
|
|
|
|
|
|
Minority Interest |
775.8 |
810.2 |
808.4 |
632.7 |
397.7 |
|
Reserves |
973.4 |
1,110.1 |
1,028.0 |
842.2 |
634.4 |
|
Pension Benefits - Underfunded |
143.6 |
227.5 |
225.1 |
198.4 |
180.6 |
|
Other Long Term Liabilities |
786.1 |
878.1 |
805.7 |
365.8 |
317.5 |
|
Other Liabilities, Total |
1,903.0 |
2,215.7 |
2,058.8 |
1,406.4 |
1,132.4 |
|
Total Liabilities |
19,499.0 |
23,573.8 |
20,198.7 |
19,265.8 |
16,068.4 |
|
|
|
|
|
|
|
|
Common Stock |
1,507.6 |
1,721.8 |
1,711.5 |
1,518.1 |
1,436.2 |
|
Common Stock |
1,507.6 |
1,721.8 |
1,711.5 |
1,518.1 |
1,436.2 |
|
Additional Paid-In Capital |
3,908.2 |
4,469.6 |
4,447.3 |
3,945.8 |
3,726.7 |
|
Retained Earnings (Accumulated Deficit) |
21,847.4 |
22,808.5 |
20,561.9 |
16,127.5 |
13,644.2 |
|
Treasury Stock - Common |
-3,677.4 |
-4,201.8 |
-1,511.1 |
-270.2 |
-255.6 |
|
Unrealized Gain (Loss) |
413.2 |
442.3 |
345.2 |
367.4 |
187.6 |
|
Translation Adjustment |
-64.5 |
-205.1 |
-159.0 |
-77.6 |
-89.1 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Comprehensive Income |
-17.0 |
-8.2 |
0.4 |
0.0 |
- |
|
Other Equity, Total |
-81.5 |
-213.3 |
-158.7 |
-77.6 |
-89.1 |
|
Total Equity |
23,917.6 |
25,027.2 |
25,396.2 |
21,611.0 |
18,649.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
43,416.5 |
48,601.0 |
45,594.9 |
40,876.8 |
34,718.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
764.4 |
764.4 |
849.2 |
890.8 |
890.8 |
|
Total Common Shares Outstanding |
764.4 |
764.4 |
849.2 |
890.8 |
890.8 |
|
Treasury Shares - Common Stock Primary Issue |
132.5 |
132.6 |
47.8 |
6.1 |
6.1 |
|
Employees |
20,238 |
19,680 |
18,418 |
18,301 |
16,967 |
|
Number of Common Shareholders |
59,596 |
63,266 |
- |
74,052 |
75,428 |
|
Deferred Revenue - Current |
667.5 |
776.1 |
874.0 |
798.5 |
711.7 |
|
Total Long Term Debt, Supplemental |
9,311.6 |
12,503.1 |
11,612.2 |
10,490.1 |
7,939.0 |
|
Long Term Debt Maturing within 1 Year |
1,814.5 |
2,159.1 |
1,607.8 |
1,150.0 |
588.2 |
|
Long Term Debt Maturing in Year 2 |
1,740.3 |
2,071.4 |
2,146.5 |
1,428.7 |
1,078.0 |
|
Long Term Debt Maturing in Year 3 |
3,309.4 |
1,987.1 |
2,059.1 |
1,904.5 |
1,340.0 |
|
Long Term Debt Maturing in Year 4 |
532.8 |
3,779.1 |
1,975.2 |
1,826.2 |
1,793.8 |
|
Long Term Debt Maturing in Year 5 |
576.8 |
608.2 |
1,343.4 |
1,752.5 |
1,722.2 |
|
Long Term Debt Maturing in 2-3 Years |
5,049.7 |
4,058.5 |
4,205.6 |
3,333.2 |
2,418.0 |
|
Long Term Debt Maturing in 4-5 Years |
1,109.6 |
4,387.3 |
3,318.7 |
3,578.7 |
3,515.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1,337.8 |
1,898.1 |
2,480.2 |
2,428.2 |
1,416.8 |
|
Total Capital Leases, Supplemental |
140.2 |
171.2 |
163.2 |
128.6 |
98.9 |
|
Capital Lease Payments Due in Year 1 |
60.7 |
65.2 |
51.3 |
34.3 |
24.7 |
|
Capital Lease Payments Due in Year 2 |
39.8 |
54.0 |
50.5 |
33.2 |
24.6 |
|
Capital Lease Payments Due in Year 3 |
24.4 |
33.1 |
39.2 |
32.6 |
24.1 |
|
Capital Lease Payments Due in Year 4 |
12.0 |
15.4 |
17.9 |
22.5 |
18.7 |
|
Capital Lease Payments Due in Year 5 |
3.2 |
3.6 |
4.2 |
5.9 |
6.4 |
|
Capital Lease Payments Due in 2-3 Years |
64.1 |
87.1 |
89.7 |
65.8 |
48.7 |
|
Capital Lease Payments Due in 4-5 Years |
15.2 |
18.9 |
22.2 |
28.5 |
25.1 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.1 |
0.0 |
0.0 |
0.1 |
0.4 |
|
Pension Obligation - Domestic |
3,290.8 |
3,744.7 |
3,650.4 |
3,168.3 |
2,944.0 |
|
Plan Assets - Domestic |
3,181.8 |
3,179.2 |
3,059.5 |
2,651.5 |
2,198.6 |
|
Funded Status - Domestic |
-109.0 |
-565.5 |
-590.9 |
-516.9 |
-745.3 |
|
Total Funded Status |
-109.0 |
-565.5 |
-590.9 |
-516.9 |
-745.3 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
142.5 |
186.1 |
205.9 |
199.6 |
228.5 |
|
Accrued Liabilities - Domestic |
-143.6 |
-227.5 |
-225.1 |
-198.4 |
-180.6 |
|
Other Assets, Net - Domestic |
107.9 |
524.0 |
571.7 |
518.0 |
793.2 |
|
Net Assets Recognized on Balance Sheet |
106.8 |
482.6 |
552.5 |
519.2 |
841.1 |
|
Total Plan Obligations |
3,290.8 |
3,744.7 |
3,650.4 |
3,168.3 |
2,944.0 |
|
Total Plan Assets |
3,181.8 |
3,179.2 |
3,059.5 |
2,651.5 |
2,198.6 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
4,962.1 |
5,755.0 |
4,029.1 |
3,966.2 |
3,929.6 |
|
Depreciation |
4,902.1 |
5,292.3 |
5,243.4 |
4,959.5 |
4,325.3 |
|
Depreciation/Depletion |
4,902.1 |
5,292.3 |
5,243.4 |
4,959.5 |
4,325.3 |
|
Amortization of Acquisition Costs |
198.2 |
180.8 |
132.7 |
97.3 |
96.9 |
|
Amortization |
198.2 |
180.8 |
132.7 |
97.3 |
96.9 |
|
Unusual Items |
1,269.5 |
165.9 |
774.1 |
813.9 |
624.2 |
|
Equity in Net Earnings (Loss) |
-47.0 |
231.7 |
232.8 |
107.3 |
22.4 |
|
Other Non-Cash Items |
100.1 |
46.0 |
403.4 |
251.9 |
295.9 |
|
Non-Cash Items |
1,322.7 |
443.6 |
1,410.3 |
1,173.1 |
942.4 |
|
Accounts Receivable |
-2,404.8 |
-2,622.0 |
-368.5 |
-499.4 |
-606.2 |
|
Inventories |
103.8 |
-88.0 |
-109.0 |
316.7 |
-130.4 |
|
Prepaid Expenses |
22.2 |
22.0 |
18.5 |
42.1 |
0.5 |
|
Accounts Payable |
-65.3 |
1,082.1 |
-150.4 |
-21.4 |
53.6 |
|
Accrued Expenses |
14.4 |
63.5 |
-9.3 |
14.3 |
10.3 |
|
Other Liabilities |
-27.7 |
-131.2 |
-2.8 |
63.4 |
105.6 |
|
Other Operating Cash Flow |
-2,713.2 |
-805.3 |
-1,822.8 |
-2,149.7 |
-1,639.5 |
|
Changes in Working Capital |
-5,070.6 |
-2,478.7 |
-2,444.3 |
-2,234.1 |
-2,206.2 |
|
Cash from Operating Activities |
6,314.4 |
9,192.9 |
8,371.3 |
7,961.9 |
7,087.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-3,890.7 |
-4,038.3 |
-4,039.1 |
-4,235.7 |
-4,640.2 |
|
Purchase/Acquisition of Intangibles |
-1,120.3 |
-961.4 |
-887.4 |
-1,085.4 |
-813.2 |
|
Capital Expenditures |
-5,011.1 |
-4,999.7 |
-4,926.5 |
-5,321.0 |
-5,453.4 |
|
Acquisition of Business |
-29.0 |
-415.2 |
-73.5 |
-4,166.7 |
-358.5 |
|
Sale of Business |
0.0 |
10.5 |
- |
- |
- |
|
Sale of Fixed Assets |
23.5 |
6.7 |
17.9 |
6.5 |
14.8 |
|
Sale/Maturity of Investment |
83.9 |
140.9 |
184.3 |
8.0 |
1.3 |
|
Investment, Net |
- |
- |
0.0 |
27.6 |
0.0 |
|
Purchase of Investments |
-142.7 |
-350.8 |
-61.9 |
-263.1 |
-2,113.6 |
|
Other Investing Cash Flow |
-625.4 |
-528.4 |
-281.3 |
-237.8 |
192.1 |
|
Other Investing Cash Flow Items, Total |
-689.7 |
-1,136.3 |
-214.6 |
-4,625.5 |
-2,263.9 |
|
Cash from Investing Activities |
-5,700.7 |
-6,136.0 |
-5,141.1 |
-9,946.5 |
-7,717.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-95.2 |
-95.0 |
-54.0 |
-51.8 |
-17.6 |
|
Financing Cash Flow Items |
-95.2 |
-95.0 |
-54.0 |
-51.8 |
-17.6 |
|
Cash Dividends Paid - Common |
-783.1 |
-806.6 |
-675.7 |
-575.1 |
-488.2 |
|
Total Cash Dividends Paid |
-783.1 |
-806.6 |
-675.7 |
-575.1 |
-488.2 |
|
Repurchase/Retirement of
Common |
0.0 |
-2,798.4 |
-1,167.0 |
0.0 |
-52.3 |
|
Common Stock, Net |
0.0 |
-2,798.4 |
-1,167.0 |
0.0 |
-52.3 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-2,798.4 |
-1,167.0 |
0.0 |
-52.3 |
|
Short Term Debt, Net |
1,043.5 |
-12.9 |
-1,163.6 |
204.1 |
762.6 |
|
Long Term Debt Issued |
289.3 |
2,545.6 |
1,050.3 |
2,684.5 |
2,886.0 |
|
Long Term Debt
Reduction |
-2,144.8 |
-1,693.9 |
-1,257.5 |
-656.0 |
-1,184.7 |
|
Long Term Debt, Net |
-1,855.6 |
851.7 |
-207.2 |
2,028.5 |
1,701.3 |
|
Issuance (Retirement) of Debt, Net |
-812.1 |
838.8 |
-1,370.8 |
2,232.6 |
2,463.9 |
|
Cash from Financing Activities |
-1,690.3 |
-2,861.3 |
-3,267.5 |
1,605.8 |
1,905.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
29.3 |
-14.2 |
-28.2 |
4.1 |
-34.7 |
|
Net Change in Cash |
-1,047.4 |
181.4 |
-65.4 |
-374.8 |
1,241.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,099.4 |
2,024.7 |
1,931.1 |
2,155.2 |
751.8 |
|
Net Cash - Ending Balance |
1,052.0 |
2,206.0 |
1,865.6 |
1,780.4 |
1,993.4 |
|
Cash Interest Paid |
135.3 |
163.1 |
163.9 |
133.3 |
116.9 |
|
Cash Taxes Paid |
2,631.7 |
699.6 |
1,679.0 |
2,129.8 |
1,609.0 |
Annual Income Statement
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 |
Reclassified
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Operating revenue |
29,320.4 |
30,320.4 |
- |
- |
- |
|
Operating Sales |
- |
- |
29,050.8 |
28,041.0 |
27,075.6 |
|
Operating revenue- incidental business |
14,819.3 |
14,918.2 |
11,029.6 |
8,994.7 |
7,730.9 |
|
Total Revenue |
44,139.7 |
45,238.6 |
40,080.4 |
37,035.8 |
34,806.5 |
|
|
|
|
|
|
|
|
Other Operating expenses |
15,429.2 |
15,410.1 |
- |
- |
- |
|
Business expenses |
8,097.3 |
8,456.7 |
- |
- |
- |
|
Operational expenses |
0.5 |
0.6 |
- |
- |
- |
|
Operating expenses - incidental business |
- |
- |
12,577.0 |
11,145.7 |
10,599.0 |
|
Sales Expense |
- |
- |
7,620.6 |
7,554.4 |
7,025.2 |
|
Operation Expense |
- |
- |
1.4 |
3.1 |
3.9 |
|
Facilities maintenance expenses |
3,254.0 |
3,815.8 |
3,567.4 |
2,451.6 |
2,304.1 |
|
Common expenses |
29.5 |
33.0 |
26.8 |
18.6 |
26.3 |
|
Administrative expenses |
916.2 |
901.8 |
827.7 |
1,197.4 |
1,113.2 |
|
Research and Development Expense |
348.1 |
416.1 |
- |
- |
- |
|
Research Expenses |
76.1 |
97.2 |
103.5 |
106.9 |
96.2 |
|
Depreciation |
4,483.1 |
4,926.6 |
4,941.5 |
4,737.3 |
4,157.9 |
|
Loss on retirement of noncurrent assets |
273.7 |
0.0 |
- |
- |
- |
|
Noncurrent assets retirement cost |
295.7 |
205.5 |
216.4 |
289.8 |
320.8 |
|
Communication facility fee |
4,517.6 |
4,397.4 |
4,230.1 |
4,325.6 |
4,318.5 |
|
Taxes |
513.5 |
528.5 |
461.0 |
429.5 |
430.5 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Other Unusual Expense (Income) |
- |
0.0 |
- |
- |
- |
|
Gain On Transfer From Business Divestitu |
0.0 |
-45.8 |
- |
- |
- |
|
Reversal of provision for loss on the Gr |
0.0 |
-86.3 |
- |
- |
- |
|
SP Reversal-Doubt.Acct. |
- |
- |
0.0 |
-57.1 |
0.0 |
|
SP Gain on negative goodwill |
0.0 |
-3.0 |
-6.2 |
0.0 |
- |
|
SP G- reversal of subscription rights |
-6.2 |
-6.2 |
-5.3 |
0.0 |
- |
|
SP G on transfer from business divestitu |
- |
- |
0.0 |
- |
- |
|
SP Divid. due to liquidation of silent p |
- |
- |
0.0 |
- |
- |
|
SP Reve. of provision for loss on the Gr |
- |
- |
0.0 |
- |
- |
|
SP Impairment Loss |
970.8 |
126.0 |
608.5 |
115.5 |
677.2 |
|
SP Loss/Reval/Inv.Sec. |
6.3 |
6.4 |
4.3 |
24.7 |
52.4 |
|
SP L.Retire.Fixed Asset |
- |
- |
371.3 |
0.0 |
90.5 |
|
SP L-Adjustment for changes of accoun |
- |
- |
14.5 |
0.0 |
- |
|
Loss on the Great East Japan Earthquake |
0.0 |
51.6 |
205.3 |
0.0 |
- |
|
SP Restructuring Cost |
- |
- |
0.0 |
517.1 |
0.0 |
|
Total Operating Expense |
39,205.3 |
39,232.0 |
35,765.6 |
32,860.1 |
31,215.9 |
|
|
|
|
|
|
|
|
NOP Interest Income |
9.3 |
12.2 |
7.5 |
5.2 |
10.3 |
|
Foreign Exchange Gains |
- |
0.0 |
- |
- |
- |
|
Foreign Exchange Gains |
40.7 |
- |
- |
- |
- |
|
Equity In Earnings Of Affiliates |
- |
0.0 |
- |
- |
- |
|
Equity In Earnings Of Affiliates |
47.0 |
- |
- |
- |
- |
|
Dividends Due To Liquidation Of Silent P |
0.0 |
88.3 |
- |
- |
- |
|
NOP Dividend income |
23.9 |
21.8 |
17.8 |
11.8 |
0.0 |
|
Compensation expenses |
-24.1 |
-9.3 |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
-0.1 |
-0.1 |
- |
- |
- |
|
NOP Equity Gain |
- |
- |
- |
- |
0.0 |
|
NOP Recovery-Bad Debt |
- |
- |
- |
0.0 |
2.7 |
|
NOP Anon.Union.Div.Inc. |
0.0 |
8.3 |
11.4 |
9.7 |
71.8 |
|
NOP Other Non-Op. Income |
132.0 |
126.3 |
80.4 |
60.4 |
99.5 |
|
NOP Interest Expense |
-134.0 |
-163.3 |
-165.2 |
-136.5 |
-119.0 |
|
NOP Inv. Loss/Equity |
0.0 |
-231.7 |
-232.8 |
-107.3 |
-22.4 |
|
NOP Other Non-Op. Exp. |
-73.7 |
-99.5 |
-83.5 |
-69.2 |
-70.3 |
|
Loss on sales of noncurrent assets |
-13.0 |
-8.6 |
- |
- |
- |
|
SP Gain/Sale/Fix.Asset |
7.1 |
2.2 |
15.3 |
5.5 |
7.7 |
|
SP Gain/Sale/Inv.Secs. |
12.7 |
1.7 |
65.6 |
10.9 |
0.0 |
|
SP G on sale of affiliated securities |
- |
- |
- |
- |
0.0 |
|
SP Divid. on ending of anon. contract |
- |
- |
- |
0.0 |
361.1 |
|
SP L-sales of stocks of affaliate |
- |
- |
-2.1 |
0.0 |
- |
|
SP Loss/Sale/Fix.Asset |
- |
- |
0.0 |
0.0 |
-2.4 |
|
Net Income Before Taxes |
4,962.1 |
5,755.0 |
4,029.2 |
3,966.3 |
3,929.6 |
|
|
|
|
|
|
|
|
Total income taxes |
1,955.5 |
2,628.6 |
948.0 |
1,616.2 |
1,695.0 |
|
Net Income After Taxes |
3,006.7 |
3,126.3 |
3,081.1 |
2,350.1 |
2,234.6 |
|
|
|
|
|
|
|
|
Minority interests in income |
-96.3 |
-104.5 |
-103.9 |
-60.8 |
-17.9 |
|
Net Income Before Extra. Items |
2,910.3 |
3,021.8 |
2,977.3 |
2,289.3 |
2,216.7 |
|
Net Income |
2,910.3 |
3,021.8 |
2,977.3 |
2,289.3 |
2,216.7 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Net income |
0.0 |
- |
- |
- |
- |
|
Bonus to Directors |
- |
- |
- |
0.0 |
0.0 |
|
Earning Adjustment |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
2,910.3 |
3,021.8 |
2,977.2 |
2,289.2 |
2,216.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2,910.3 |
3,021.8 |
2,977.2 |
2,289.2 |
2,216.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
764.4 |
821.1 |
877.5 |
890.8 |
891.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
3.81 |
3.68 |
3.39 |
2.57 |
2.49 |
|
Basic EPS Including ExtraOrdinary Items |
3.81 |
3.68 |
3.39 |
2.57 |
2.49 |
|
Dilution Adjustment |
-1.9 |
-0.6 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,908.4 |
3,021.2 |
2,977.2 |
2,289.2 |
2,216.6 |
|
Diluted Weighted Average Shares |
834.2 |
841.9 |
877.5 |
890.8 |
891.4 |
|
Diluted EPS Excluding ExtraOrd Items |
3.49 |
3.59 |
3.39 |
2.57 |
2.49 |
|
Diluted EPS Including ExtraOrd Items |
3.49 |
3.59 |
3.39 |
2.57 |
2.49 |
|
DPS-Ordinary Shares |
0.96 |
1.01 |
0.82 |
0.65 |
0.55 |
|
Gross Dividends - Common Stock |
829.2 |
814.7 |
709.5 |
623.0 |
487.8 |
|
Normalized Income Before Taxes |
6,410.9 |
5,804.0 |
5,340.9 |
4,658.1 |
4,841.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2,448.3 |
2,651.0 |
1,225.4 |
1,858.4 |
2,046.5 |
|
Normalized Income After Taxes |
3,962.6 |
3,153.0 |
4,115.5 |
2,799.6 |
2,794.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,866.2 |
3,048.4 |
4,011.6 |
2,738.8 |
2,776.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.06 |
3.71 |
4.57 |
3.07 |
3.12 |
|
Diluted Normalized EPS |
4.63 |
3.62 |
4.57 |
3.07 |
3.12 |
|
Research and Development Expense |
348.1 |
416.1 |
- |
- |
- |
|
Research Expenses |
76.1 |
97.2 |
103.5 |
106.9 |
96.2 |
|
Research & Development Exp(Operating) |
- |
- |
284.7 |
333.4 |
268.3 |
|
Interest Expense |
134.0 |
163.3 |
165.2 |
136.5 |
119.0 |
|
BC - Depreciation of Goodwill |
198.2 |
- |
- |
- |
- |
|
Amort. of Goodwill |
- |
- |
132.7 |
97.3 |
96.9 |
|
BC - Depreciation of Fixed Assets |
4,902.1 |
4,926.6 |
- |
- |
- |
|
Depreciation |
- |
- |
5,243.4 |
4,959.5 |
4,325.3 |
|
Income taxes-current |
2,090.0 |
2,245.1 |
- |
- |
- |
|
Current Tax - Total |
2,090.0 |
2,245.1 |
- |
- |
- |
|
Income taxes-deferred |
-134.5 |
383.5 |
- |
- |
- |
|
Deferred Tax - Total |
-134.5 |
383.5 |
- |
- |
- |
|
Income Tax - Total |
1,955.5 |
2,628.6 |
- |
- |
- |
|
Reported Operating Profit |
6,178.9 |
6,049.1 |
5,507.1 |
4,775.7 |
4,410.7 |
|
Reported Ordinary Profit |
6,200.0 |
5,713.9 |
5,142.6 |
4,549.9 |
4,383.3 |
|
Service Cost |
132.4 |
- |
125.0 |
115.6 |
102.0 |
|
Interest Cost |
74.0 |
- |
68.7 |
62.4 |
56.5 |
|
Expected Return on Plan Assets |
-61.2 |
- |
-55.9 |
-45.0 |
-50.7 |
|
Pension Exp. due to Acct. Changes |
- |
- |
- |
0.1 |
- |
|
Prior Service Cost |
-35.1 |
- |
-18.4 |
-11.0 |
-4.7 |
|
Actuarial Gains and Losses |
63.6 |
- |
95.5 |
93.7 |
51.1 |
|
Domestic Pension Plan Expense |
173.7 |
- |
214.8 |
215.9 |
154.2 |
|
Total Pension Expense |
173.7 |
- |
214.8 |
215.9 |
154.2 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
- |
- |
- |
- |
|
Discount Rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
2.00% |
- |
- |
- |
- |
|
Expected Rate of Return |
- |
- |
2.00% |
2.00% |
2.00% |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash&Deposit |
1,030.4 |
1,214.3 |
1,652.0 |
1,036.6 |
954.2 |
|
Notes and accounts receivable-trade |
10,322.7 |
9,235.7 |
6,919.7 |
5,739.6 |
4,825.7 |
|
Income taxes receivable |
- |
- |
394.6 |
0.0 |
- |
|
Accounts receivable-other |
653.4 |
804.6 |
428.2 |
476.4 |
372.2 |
|
Short-term investment securities |
2.5 |
973.3 |
304.1 |
749.1 |
1,083.0 |
|
Stored Goods |
605.2 |
791.8 |
704.1 |
527.1 |
783.6 |
|
Dfrd. Inc. Tax |
624.6 |
701.4 |
773.2 |
721.3 |
729.0 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Current |
271.3 |
260.1 |
236.6 |
200.7 |
209.3 |
|
Allow. for Doubtful Accts. |
-215.4 |
-181.6 |
-166.1 |
-146.7 |
-146.1 |
|
Total Current Assets |
13,294.6 |
13,799.6 |
11,246.3 |
9,304.1 |
8,810.7 |
|
|
|
|
|
|
|
|
Machinery&Tool |
28,910.5 |
33,448.5 |
32,013.8 |
27,344.5 |
25,419.7 |
|
Accum Dep & Impair Loss of Mchy &
Equip |
-22,622.4 |
-26,394.9 |
-24,431.5 |
-19,996.5 |
-18,155.3 |
|
Antenna |
6,672.2 |
7,569.2 |
7,160.7 |
5,787.2 |
4,883.8 |
|
Accum Dep & Impair Loss of Antenna Facil |
-3,132.7 |
-3,341.4 |
-2,896.0 |
-2,295.7 |
-1,988.4 |
|
Toll Line Local |
4,154.4 |
4,568.7 |
4,272.0 |
3,675.8 |
3,203.7 |
|
Accum Dep & Impair Loss of Terminal Faci |
-2,794.8 |
-2,981.3 |
-2,761.2 |
-2,284.0 |
-1,982.3 |
|
Long-distance line facilities |
1,098.4 |
1,268.3 |
1,288.7 |
1,190.8 |
1,427.1 |
|
Acc. Depre&Impair Loss-Long-distance lin |
-1,055.5 |
-1,201.8 |
-1,168.0 |
-1,023.1 |
-1,036.8 |
|
Construct.Facil. |
688.6 |
782.0 |
774.3 |
737.6 |
783.3 |
|
Accum Dep & Impair Loss of Enginerg Faci |
-428.9 |
-469.6 |
-446.2 |
-380.6 |
-370.4 |
|
Undersea Line |
548.3 |
635.9 |
664.9 |
766.7 |
739.9 |
|
Accumulated depreciation, Submarine Line |
-493.8 |
-556.8 |
-549.8 |
-637.4 |
-554.2 |
|
Buildings |
4,098.1 |
5,176.9 |
5,091.6 |
4,551.4 |
4,232.9 |
|
Accumulated depreciation, Buildings |
-2,371.6 |
-2,683.9 |
-2,506.9 |
-2,121.9 |
-1,927.8 |
|
Structures |
851.9 |
978.2 |
957.7 |
829.3 |
742.3 |
|
Accumulated depreciation, Structures |
-555.7 |
-602.0 |
-566.3 |
-489.4 |
-438.8 |
|
Land |
2,634.7 |
3,025.3 |
2,922.3 |
2,576.5 |
2,438.9 |
|
Constr. in Prog. |
1,241.0 |
1,612.2 |
907.8 |
899.9 |
1,131.1 |
|
Other PPE- Net-telecommunications busine |
1,201.9 |
1,503.4 |
1,411.2 |
1,226.6 |
1,171.3 |
|
Acc. Dep&Imp L-Oth Tangi. -telecommunica |
-921.3 |
-1,120.0 |
-998.7 |
-797.8 |
-724.5 |
|
Other Total Intangible |
0.0 |
- |
- |
- |
- |
|
Facility Usage |
107.8 |
128.4 |
110.0 |
78.9 |
70.1 |
|
Software |
1,833.5 |
2,125.2 |
2,313.2 |
2,373.6 |
2,259.7 |
|
Goodwill |
208.1 |
271.1 |
211.9 |
261.2 |
246.7 |
|
Other Intangible |
85.3 |
125.9 |
123.3 |
90.4 |
80.7 |
|
Total PPE-incidental business, Net |
3,271.7 |
3,145.6 |
2,797.6 |
2,252.8 |
1,609.8 |
|
Acc. Depre&Impair Loss-OTH Tangible AST |
-1,545.4 |
-1,497.6 |
-1,341.2 |
-1,039.4 |
-841.7 |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Total intangible assets |
997.1 |
1,112.6 |
751.7 |
650.0 |
502.2 |
|
Inv. in Secs. |
869.3 |
1,051.3 |
891.6 |
995.9 |
410.7 |
|
Inv't partnership-nonconsol.affil. |
2.3 |
2.2 |
2.2 |
1.9 |
1.7 |
|
Affiliates Stock |
3,700.4 |
4,270.4 |
4,306.1 |
3,983.0 |
242.6 |
|
Other Long Term Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Other Long Term Assets |
- |
0.0 |
- |
- |
- |
|
Long-term prepaid expenses |
1,263.3 |
1,107.9 |
992.3 |
854.9 |
785.5 |
|
Security & guaranteed deposits |
- |
- |
429.1 |
410.7 |
401.2 |
|
Deferred tax assets |
1,217.8 |
1,272.4 |
1,552.7 |
1,074.4 |
1,127.9 |
|
Other investment and other assets |
504.8 |
579.9 |
165.5 |
116.5 |
127.7 |
|
Allow. for Doubtful Accts. |
-117.1 |
-110.7 |
-97.8 |
-91.8 |
-112.8 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Total Assets |
43,416.5 |
48,601.0 |
45,594.9 |
40,876.8 |
34,718.3 |
|
|
|
|
|
|
|
|
Short-term loans payable |
938.0 |
18.0 |
15.7 |
1,082.7 |
819.6 |
|
Cur.Port.LT Debt |
1,875.2 |
2,234.8 |
1,674.7 |
1,198.0 |
614.7 |
|
Notes and accounts payable-trade |
879.5 |
1,100.5 |
791.5 |
712.3 |
626.1 |
|
Accounts payable-other |
3,051.2 |
3,315.1 |
2,321.5 |
2,681.0 |
2,688.9 |
|
Accrued Exp. |
244.4 |
247.3 |
172.0 |
172.8 |
130.8 |
|
Income Tax Pybl. |
1,113.6 |
1,818.0 |
697.0 |
726.2 |
1,193.6 |
|
Advance |
667.5 |
776.1 |
874.0 |
798.5 |
711.7 |
|
Rounding adjustment Liability |
0.0 |
0.0 |
- |
- |
- |
|
Provision for loss on the Great East Jap |
0.5 |
24.2 |
196.5 |
0.0 |
- |
|
Allow. for Bonuses |
220.7 |
243.7 |
235.5 |
203.1 |
188.1 |
|
Other Liabs. |
332.3 |
426.3 |
348.9 |
312.0 |
216.2 |
|
Total Current Liabilities |
9,323.1 |
10,203.9 |
7,327.1 |
7,886.6 |
7,189.5 |
|
|
|
|
|
|
|
|
Convertible bond-type bonds with subscri |
2,132.7 |
2,438.7 |
- |
- |
- |
|
Bonds |
2,763.3 |
4,248.2 |
5,007.0 |
4,012.9 |
3,115.9 |
|
Convertible bond-type bonds with subscri |
- |
- |
0.0 |
- |
- |
|
Long-term loans payable |
2,601.0 |
3,657.0 |
4,997.4 |
5,327.2 |
4,232.9 |
|
Total Long Term Debt |
7,497.1 |
10,344.0 |
10,004.4 |
9,340.1 |
7,348.8 |
|
|
|
|
|
|
|
|
Other Long Term Liabilities |
0.1 |
0.0 |
- |
- |
- |
|
Res/Accr.Retire. |
143.6 |
227.5 |
225.1 |
198.4 |
180.6 |
|
Reserve For Point Loyalty Programs |
973.4 |
1,110.1 |
1,028.0 |
842.2 |
634.4 |
|
Other LT Liabs. |
786.0 |
878.1 |
805.7 |
365.8 |
317.5 |
|
Minority Int. |
775.8 |
810.2 |
808.4 |
632.7 |
397.7 |
|
Total Liabilities |
19,499.0 |
23,573.8 |
20,198.7 |
19,265.8 |
16,068.4 |
|
|
|
|
|
|
|
|
Common Stk. |
1,507.6 |
1,721.8 |
1,711.5 |
1,518.1 |
1,436.2 |
|
Total capital surpluses |
3,902.1 |
4,455.9 |
4,429.2 |
3,928.6 |
3,716.6 |
|
Total retained earnings |
21,847.4 |
22,808.5 |
20,561.9 |
16,127.5 |
13,644.2 |
|
Treas. Stk. |
-3,677.4 |
-4,201.8 |
-1,511.1 |
-270.2 |
-255.6 |
|
Deferred gains or losses on hedges |
-17.0 |
-8.2 |
0.4 |
0.0 |
- |
|
Valuation difference on available-for-sa |
413.2 |
442.3 |
345.2 |
367.4 |
187.6 |
|
Currency Adjust. |
-64.5 |
-205.1 |
-159.0 |
-77.6 |
-89.1 |
|
New Stock Subscription Right |
6.1 |
13.7 |
18.1 |
17.2 |
10.0 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Total Equity |
23,917.6 |
25,027.2 |
25,396.2 |
21,611.0 |
18,649.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
43,416.5 |
48,601.0 |
45,594.9 |
40,876.8 |
34,718.3 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
764.4 |
764.4 |
849.2 |
890.8 |
890.8 |
|
Total Common Shares Outstanding |
764.4 |
764.4 |
849.2 |
890.8 |
890.8 |
|
T/S-Ordinary Shares |
132.5 |
132.6 |
47.8 |
6.1 |
6.1 |
|
Advance |
667.5 |
776.1 |
874.0 |
798.5 |
711.7 |
|
Full-Time Employees |
20,238 |
19,680 |
18,418 |
18,301 |
16,967 |
|
Total Number of Shareholders |
59,596 |
63,266 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
- |
74,052 |
75,428 |
|
Division And End Of Current Period Remai |
858.0 |
1,370.1 |
- |
- |
- |
|
Division And End Of Current Period Remai |
- |
0.0 |
- |
- |
- |
|
Bond Redemption Amounts Within One Year |
956.5 |
789.0 |
- |
- |
- |
|
LT Debt Maturing within 1Yr |
- |
- |
1,607.8 |
1,150.0 |
588.2 |
|
Bond Redemp Amts over a Yr within 2 Yrs |
903.4 |
1,092.4 |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
836.9 |
979.0 |
- |
- |
- |
|
LT Debt Maturing within 2Yr |
- |
- |
2,146.5 |
1,428.7 |
1,078.0 |
|
Bond Redemp Amts over 2 Yrs within 3 Yrs |
2,338.2 |
1,031.7 |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
971.1 |
955.4 |
- |
- |
- |
|
LT Debt Maturing within 3Yr |
- |
- |
2,059.1 |
1,904.5 |
1,340.0 |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
265.7 |
2,670.4 |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
267.1 |
1,108.7 |
- |
- |
- |
|
LT Debt Maturing within 4Yr |
- |
- |
1,975.2 |
1,826.2 |
1,793.8 |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
212.6 |
303.5 |
- |
- |
- |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
364.2 |
304.8 |
- |
- |
- |
|
LT Debt Maturing within 5Yr |
- |
- |
1,343.4 |
1,752.5 |
1,722.2 |
|
Other Bond Redemption Remaining |
1,176.2 |
1,588.9 |
- |
- |
- |
|
Other remaining |
161.7 |
309.2 |
- |
- |
- |
|
Other remaining LTD |
- |
- |
2,480.2 |
2,428.2 |
1,416.8 |
|
Total Long Term Debt, Supplemental |
9,311.6 |
12,503.1 |
11,612.2 |
10,490.1 |
7,939.0 |
|
Cap L Maturing within 1 year Convention |
3.8 |
- |
- |
- |
- |
|
Cap L Matur within 1 year Basic |
56.9 |
65.2 |
51.3 |
34.3 |
24.7 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
1.4 |
- |
- |
- |
- |
|
Cap L Matur over a Yr within 2 YrsBasic |
38.3 |
54.0 |
- |
- |
- |
|
Capital lease due within 2 year |
- |
- |
50.5 |
33.2 |
24.6 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
1.2 |
- |
- |
- |
- |
|
Cap L Matur over 2 Yr within 3 Yrs Basic |
23.1 |
33.1 |
- |
- |
- |
|
Capital lease due within 3 year |
- |
- |
39.2 |
32.6 |
24.1 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
1.2 |
- |
- |
- |
- |
|
Cap L Matur over 3 Yr within 4 Yrs Basic |
10.8 |
15.4 |
- |
- |
- |
|
Capital lease due within 4 year |
- |
- |
17.9 |
22.5 |
18.7 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.2 |
- |
- |
- |
- |
|
Cap L Matur over 4 Yr within 5 Yrs Basic |
3.0 |
3.6 |
- |
- |
- |
|
Capital lease due within 5 year |
- |
- |
4.2 |
5.9 |
6.4 |
|
Others |
0.1 |
- |
- |
- |
- |
|
Other Remaining |
0.0 |
0.0 |
- |
- |
- |
|
Capital lease - remaining |
- |
- |
0.0 |
0.1 |
0.4 |
|
Total Capital Leases, Supplemental |
140.2 |
171.2 |
163.2 |
128.6 |
98.9 |
|
Pension Obligation |
3,290.8 |
3,744.7 |
3,650.4 |
3,168.3 |
2,944.0 |
|
Fair Value of Plan Assets |
3,094.0 |
3,080.0 |
2,961.1 |
2,564.1 |
2,116.8 |
|
Pension Retirement Trust |
87.9 |
99.3 |
98.4 |
87.3 |
81.8 |
|
Funded Status |
-109.0 |
-565.5 |
-590.9 |
-516.9 |
-745.3 |
|
Total Funded Status |
-109.0 |
-565.5 |
-590.9 |
-516.9 |
-745.3 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Unrecognized Prior Service Cost |
65.0 |
38.8 |
-1.9 |
-18.6 |
-26.8 |
|
Unrecognized Actuarial Gains and Losses |
42.9 |
485.2 |
573.6 |
536.6 |
820.0 |
|
Prepaid Pension Benefits |
142.5 |
186.1 |
205.9 |
199.6 |
228.5 |
|
Reserve for Accrued Retirement Benefits |
-143.6 |
-227.5 |
-225.1 |
-198.4 |
-180.6 |
|
Net Assets Recognized on Balance Sheet |
106.8 |
482.6 |
552.5 |
519.2 |
841.1 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
4,962.1 |
5,755.0 |
4,029.1 |
3,966.2 |
3,929.6 |
|
Depreciation |
4,902.1 |
5,292.3 |
5,243.4 |
4,959.5 |
4,325.3 |
|
Gain On Transfer From Business Divestitu |
0.0 |
-45.8 |
- |
- |
- |
|
Dividends Due To Liquidation Of Silent P |
0.0 |
-88.3 |
- |
- |
- |
|
Impiarment Loss |
970.8 |
126.0 |
608.5 |
115.5 |
677.2 |
|
Amort. of Goodwill& Negative Goodwill |
- |
- |
0.0 |
97.3 |
96.9 |
|
Amortization of goodwill |
198.2 |
180.8 |
132.7 |
0.0 |
- |
|
Gain on negative goodwill |
0.0 |
-3.0 |
-6.2 |
0.0 |
- |
|
Business restructuring expenses |
- |
- |
0.0 |
437.4 |
0.0 |
|
Loss (gain) on sales of noncurrent asset |
6.4 |
6.4 |
-14.9 |
-5.2 |
-5.1 |
|
Dividends due to liquidation of silent p |
- |
- |
0.0 |
- |
- |
|
Gain on transfer from business divestitu |
- |
- |
0.0 |
- |
- |
|
Increase (decrease) in provision for los |
-23.4 |
-181.0 |
190.0 |
0.0 |
- |
|
L on Retire. of Fixed Assets |
286.0 |
164.2 |
180.5 |
241.6 |
260.7 |
|
Divid. on ending of anon. contract |
- |
- |
- |
0.0 |
-361.1 |
|
Increase (decrease) in allowance for dou |
84.4 |
18.9 |
-2.9 |
-40.3 |
14.3 |
|
Increase (decrease) in provision for ret |
-63.1 |
-0.5 |
0.5 |
0.0 |
-7.7 |
|
Int. & Div. Inc. |
-33.3 |
-34.0 |
-25.3 |
-17.1 |
-24.8 |
|
Int. Expense |
134.0 |
163.3 |
165.2 |
136.5 |
119.0 |
|
Equity in (earnings) losses of affiliate |
-47.0 |
231.7 |
232.8 |
107.3 |
22.4 |
|
Loss (gain) on sales of stocks of subsid |
- |
0.0 |
2.1 |
0.0 |
0.0 |
|
Loss (gain) on valuation of investment s |
6.3 |
6.5 |
4.3 |
24.7 |
52.4 |
|
Increase (decrease) in provision for poi |
1.6 |
79.2 |
75.9 |
172.6 |
195.1 |
|
Decrease (increase) in prepaid pension c |
22.2 |
22.0 |
18.5 |
42.1 |
0.5 |
|
Decrease (increase) in notes and account |
-2,404.8 |
-2,622.0 |
-368.5 |
-499.4 |
-606.2 |
|
Decrease (increase) in inventories |
103.8 |
-88.0 |
-109.0 |
316.7 |
-130.4 |
|
Increase (decrease) in notes and account |
-124.0 |
296.9 |
-8.8 |
13.1 |
-138.8 |
|
Increase (decrease) in accounts payable- |
58.7 |
785.2 |
-141.6 |
-34.5 |
192.4 |
|
Increase Decrease In Accrued Expenses |
14.4 |
63.5 |
-9.3 |
14.3 |
10.3 |
|
Increase (decrease) in advances received |
-27.7 |
-131.2 |
-2.8 |
63.4 |
105.6 |
|
Income Taxes Refund |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other Operating Cash Flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
-70.4 |
-53.5 |
-68.3 |
74.2 |
43.2 |
|
Int. & Div. Rcv'd |
124.2 |
111.0 |
88.4 |
39.2 |
43.2 |
|
Int. Paid |
-135.3 |
-163.1 |
-163.9 |
-133.3 |
-116.9 |
|
Income taxes refund |
- |
422.8 |
0.0 |
- |
- |
|
Tax Paid |
-2,631.7 |
-1,122.4 |
-1,679.0 |
-2,129.8 |
-1,609.0 |
|
Adjustment |
- |
- |
-0.1 |
0.1 |
- |
|
Cash from Operating Activities |
6,314.4 |
9,192.9 |
8,371.3 |
7,961.9 |
7,087.9 |
|
|
|
|
|
|
|
|
Purchase of property, plant and equipmen |
-3,890.7 |
-4,038.3 |
-4,039.1 |
-4,235.7 |
-4,640.2 |
|
Purchase of trust rights |
- |
- |
0.0 |
0.0 |
-2,060.6 |
|
Proceeds from sales of property, plant a |
23.5 |
6.7 |
17.9 |
6.5 |
14.8 |
|
Purchase-Intangible |
-1,120.3 |
-961.4 |
-887.4 |
-1,085.4 |
-813.2 |
|
Acq. Inv. Secs. |
-26.0 |
-24.8 |
-16.5 |
-7.2 |
-1.0 |
|
Purchase Of Trust Beneficiary Right |
- |
-189.9 |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Payments for transfer of business divest |
- |
- |
0.0 |
- |
- |
|
Proceeds From Repayment Of Investment An |
0.0 |
97.6 |
- |
- |
- |
|
Proc./Sales Inv.Secs |
83.9 |
43.4 |
184.3 |
8.0 |
1.3 |
|
Payments for transfer of business divest |
0.0 |
- |
- |
- |
- |
|
Proceeds From Purchase Of Investments In |
0.0 |
10.5 |
- |
- |
- |
|
Purchase of Affil.Stock |
-116.6 |
-326.0 |
-45.4 |
-255.9 |
-52.0 |
|
Payments for transfer of business divest |
- |
-12.7 |
- |
- |
- |
|
Purch. of consol. affil. subs.' secs. |
-29.0 |
-402.6 |
-63.0 |
-4,166.7 |
-358.5 |
|
Purch. consol. affi. subs.' secs.-inflo |
- |
- |
0.0 |
27.6 |
0.0 |
|
Proceeds from repayment of investment an |
- |
- |
0.0 |
- |
- |
|
Payments for sales of investments in sub |
- |
0.0 |
-10.5 |
0.0 |
- |
|
Divid&invest on ending of anon. contract |
- |
- |
- |
0.0 |
450.6 |
|
Purchase of long-term prepaid expenses |
-618.5 |
-339.4 |
-261.4 |
-257.6 |
-261.6 |
|
Other, net |
-6.8 |
0.9 |
-19.9 |
19.8 |
3.1 |
|
Cash from Investing Activities |
-5,700.7 |
-6,136.0 |
-5,141.1 |
-9,946.5 |
-7,717.3 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
1,043.5 |
-12.9 |
-1,163.6 |
204.1 |
762.6 |
|
Proceeds from issuance of convertible bo |
0.0 |
2,545.6 |
- |
- |
- |
|
Proceeds from long-term loans payable |
289.3 |
0.0 |
583.5 |
1,070.6 |
1,691.8 |
|
Repayment of long-term loans payable |
-1,361.4 |
-1,693.9 |
-288.9 |
-442.9 |
-786.7 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Redemp. Bonds |
-783.4 |
0.0 |
-968.6 |
-213.0 |
-398.1 |
|
Proceeds from issuance of convertible bo |
- |
- |
0.0 |
- |
- |
|
Issuance of Bond |
- |
0.0 |
466.8 |
1,613.9 |
1,194.2 |
|
Purchase of treasury stock |
0.0 |
-2,798.4 |
-1,167.0 |
0.0 |
-52.3 |
|
Dividend Paid |
-783.1 |
-806.6 |
-675.7 |
-575.1 |
-488.2 |
|
Minority Dividend |
-16.5 |
-15.1 |
-12.6 |
-11.2 |
-9.4 |
|
Proceeds form minority's payment |
3.1 |
0.1 |
21.8 |
0.0 |
0.0 |
|
Other, net |
-81.7 |
-80.0 |
-63.1 |
-40.6 |
-8.2 |
|
Cash from Financing Activities |
-1,690.3 |
-2,861.3 |
-3,267.5 |
1,605.8 |
1,905.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
29.3 |
-14.2 |
-28.2 |
4.1 |
-34.7 |
|
Net Change in Cash |
-1,047.4 |
181.4 |
-65.4 |
-374.8 |
1,241.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,099.4 |
2,024.7 |
1,931.1 |
2,155.2 |
751.8 |
|
Net Cash - Ending Balance |
1,052.0 |
2,206.0 |
1,865.6 |
1,780.4 |
1,993.4 |
|
Cash Interest Paid |
135.3 |
163.1 |
163.9 |
133.3 |
116.9 |
|
Cash Taxes Paid |
2,631.7 |
699.6 |
1,679.0 |
2,129.8 |
1,609.0 |
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.60.75 |
|
UK Pound |
1 |
Rs.89.91 |
|
Euro |
1 |
Rs.77.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
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.