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Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI CORP |
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Registered Office : |
2F, Marunouchi Park Bldg. 2-6-1, Marunouchi Chiyoda-Ku, 100-8086 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
01.04.1950 |
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Legal Form : |
Public Parent |
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Line of Business : |
Wholesale of other household goods |
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No. of Employees : |
65,975 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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.
Source
: CIA
Mitsubishi Corp
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Business
Description
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Mitsubishi Corporation is a Japan-based trading company. The New
Industrial Finance segment involves in the asset management, buyout
investment, leasing and financing of real estate and others. The Energy
segment provides petroleum products, crude oil, liquefied natural gas and
others. The Metal segment offers steel products, iron ore, non-ferrous metal
products and others. The Machinery segment provides industrial machinery,
automobiles, vessels and others. The Chemical segment provides
petrochemicals, fertilizers, foodstuff, drugs and others. The Living Essentials
segment provides distribution services, and conducts retail-related business.
The Others segment involves in the finance and accounting. On February 27,
2013, it became the parent company of YONEKYU CORPORATION. On May 20, 2013,
it acquired the remaining 20% stake of an Osaka-based company. For the fiscal
year ended 31 March 2013, Mitsubishi Corp revenues increased 7% to Y5.969T.
Net income decreased 20% to Y360.03B. Revenues reflect Product
Sales/Manufacturing increase of 9% to Y5.377T. Net income was offset by
Selling Gen.&Admin. increase of 5% to Y889.96B (expense), Equity Gain
decrease of 15% to Y164.27B (earnings), Fixed Asset G/L increase from Y7.09B
to Y24.44B (expense). |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
42399 - Other Miscellaneous Durable Goods Merchant
Wholesalers |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
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Key Executives
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Significant
Developments
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Financial Summary
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Stock
Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855
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Mitsubishi Corp The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic
projects and investments. More about Strategic Initiatives
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Key Organizational Changes |
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In March 2013, the company in conjunction with Innovation Network
Corporation of Japan (INCJ) and Solar Ventures completed 100% acquisition of
Solar Holding, a holding company, with a total of 42 MW of photovoltaic plants
under operation in Italy. Acquisition agreement involves 50% ownership by
Mitsubishi Corporation, along with 35% by INCJ and the remaining 15% by Solar
Ventures. In March 2013, the company’s chemical group segment entered into
a share transfer agreement with Kirin Holdings Company, Limited (KH) to
complete acquisition of its subsidiary, Kirin Kyowa Foods Company, Limited
(KKF). Mitsubishi will purchase about 81% of KKF shares by July 2013 and the
remainder in January 2015. In March 2013, the company’s Industrial Finance,
Logistics & Development segment group entered into an agreement with
Kirin Holdings Company, Limited (Kirin) to transfer 51% of its shares in
Yokohama Akarenga Inc. In March 2013, Ube Industries, Ltd. |
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Cash was mainly provided by strong cash flows from operating
transactions and firm growth in dividend income from business investments
primarily at resource-related companies. Net cash used in investing
activities was JPY1,100.9 billion. Cash was mainly used for investments in
Chilean and Peruvian companies with copper assets, acquisitions of interests
in Canadian natural gas assets, and for capital expenditures and acquisition
of working interests at Australian resource-related subsidiaries. As a result
of the above, free cash flow, which is the sum of operating and investing
cash flows, was negative JPY550.2 billion. |
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, Ltd. (JAPEX) operated Terang gas field recorded total production to
reach reached 10 million barrels of oil equivalent, since inception. In March
2013, the company in conjunction with Innovation Network Corporation of Japan
(INCJ) and Solar Ventures completed 100% acquisition of Solar Holding, a
holding company, with a total of 42 MW of photovoltaic plants under operation
in Italy. Acquisition agreement involves 50% ownership by Mitsubishi
Corporation, along with 35% by INCJ and the remaining 15% by Solar Ventures.
In March 2013, the company’s chemical group segment entered into a share
transfer agreement with Kirin Holdings Company, Limited (KH) to complete
acquisition of its subsidiary, Kirin Kyowa Foods Company, Limited (KKF). |
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Partnerships |
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As such GlobalData can accept no liability whatever for actions taken
based on any information that may subsequently prove to be incorrect. Jun 03,
2013JAMC Solar Energy To Start Construction Of 799kW Solar PV System In
JapanJAMC Solar Energy Company will hold a groundbreaking ceremony to mark
the start of developments at ZEN-NOH Iwate's facility on June 5, 2013 in
Hanamaki, Iwate, Japan. This is the first project to be implemented by JAMC
Solar Energy.The plant has a capacity to produce 799kW of power which is
sufficient to supply the equivalent of about 130 households.The system will
be installed on the rooftops of ZEN-NOH Iwate's rice warehouses, with plans
to start selling electricity to Tohoku Electric Power from September 2013.
The National Federation of Agricultural Co-operative Associations (JA
ZEN-NOH) and Mitsubishi Corporation reached an agreement in July 2012 to
jointly promote the solar power business by using the rooftops of facilities
owned by farmers around the country and JA group’s shared facilities. The
partners subsequently established the joint venture, 'JAMC Solar Energy
Company', in October 2012 to oversee the implementation of the system. |
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Tennessee Gas will hold a binding open season for additional interest
in its project at a later date.May 14, 2013Nippon Paper Industries And
Mitsubishi To Launch 21 MW Solar Project In JapanNippon Paper Industries Co.,
Ltd. in collaboration with Mitsubishi Corporation, will launch a 21 MW solar
project in Shikoku on approximately 250,000sq m of land owned by Nippon Paper
Industries in Komatsushima-shi, Tokushima prefecture. The construction of the
facilities will commence this autumn. The electricity to be generated will be
sold to Shikoku Electric Power Co. |
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Mitsubishi Corporation (Mitsubishi) is a Japan-based general trading
company. The company provides a wide range of energy and other related
services. Mitsubishi's diversified sources of revenue and integrated oil and gas
operations give it a competitive advantage. Increasing long-term liabilities is
an area of concern to the company. Mitsubishi plans to utilize available
opportunities in the emerging markets through strategic agreements and
expansion initiatives. Weak economic recovery and fluctuating commodity prices
could hamper its prospects.
Midterm Corporate Strategy
The company, as part of strategic initiative, commenced three-year
management plan - the Midterm Corporate Strategy 2012. Its strategic plan
involves activities related to strengthen its earning margins by the year
ending March 2013. The company is targeting JPY500 billion of consolidated net
income by year end March 2013; along with return on equity (ROE) throughout the
three-year period at 12-15%. It intends to surpass consolidated net income of
JPY470.9 billion in 2008, and maintain a solid balance sheet by targeting net
debt-equity ratio (net DER) at 1.0-1.5 times. It focuses to maintain dividend
payout ratio in the range of 20-25%. Besides, it intends to invest and develop
new businesses for growth in the changing external business environment, with
factors influencing such as emerging economies and stagnating OECD countries,
changing values and technological innovation. It will enable it to strengthen
stakeholder’s base. Focusing strategic plan, it has initiated changes within
internal business environment by diversifying business model and portfolio
along with businesses shifts to subsidiaries and affiliates. For achieving the
target, Mitsubishi has realized investments worth of JPY2.0-2.5 trillion over
three years for strategic domains and regions, nearly JPY1.0-1.2 trillion for
mineral resources as well as for oil and gas resources, and JPY600-800 billion
towards other areas. Implementation of such strategic plans will enable it to
strengthen foothold in the international and domestic market.
Diversified and Global Operations
Mitsubishi carries out its operations through six business groups,
namely, living essentials group, energy business group, metals group, chemicals
group, machinery group, and industrial finance, logistics & development
group, besides two new groups, namely, business service group and global
environment & infrastructure business development group. Such diversified
sources of income allow the company to be less dependent on a single segment.
The group operates worldwide with more than 200 offices in over 90 countries.
Geographically, the group has operations in North America, Latin America,
Europe, Commonwealth of Independent States (CIS), Middle East and Africa, and
Asia and Oceania. For the fiscal year ended March 2012, the company generated
76% of its total revenue from Japan region, followed by Australia representing
8.89%, Thailand contributing 5.32%, and Other region constituted 9.81% of the
total revenue. Global operations reduce the impact of market volatility and
provide economic stability to the company.
Sufficient Cash from Operations to Support
Capex
Mitsubishi generated adequate cash flows from operations over the last
five years. The company managed to fund its capital expenditure (capex) plans
and dividend payout through internally generated cash flows. Operational cash
flows generated through 2008-2012 were JPY319.07 billion (FY 2008); JPY550.44
billion (FY 2009); JPY761.57 billion (FY 2010); JPY331.2 billion (FY 2011); and
JPY550.69 billion (FY 2012), which were sufficient to meet its capex
requirements over years, which were JPY358.21 billion (FY 2008); JPY381.17
billion (FY 2009); JPY182.45 billion (FY 2010); JPY228.65 billion (FY 2011);
and JPY412.99 billion (FY 2012). Such strong cash flows helped the company in
funding its capex and development plans through internally generated funds.
Extensive Oil and Gas Operations
Mitsubishi’s Energy Business Group operates throughout the oil and gas
value chain. Its energy offering consists of crude oil, natural gas, liquefied
natural gas (LNG), petroleum products, liquefied petroleum gas (LPG), petroleum
coke, coal coke and carbon products. In the upstream sector, the group carries
out exploration, development and production of oil and gas, and also has
investments in LNG projects, domestic trading and retail businesses. Mitsubishi
has strong market position in the LNG business. The group manages about 40% of
Japan's LNG imports. Its operations in the LNG value chain cover production and
liquefaction of natural gas, LNG shipping activities and import agent business
for the Japanese market. It has interests at major LNG producing projects in
regions, such as, Brunei, Indonesia, Malaysia, Australia, Russia and Middle
East. Mitsubishi has interests in the Oman and Qalhat LNG Projects, Sakhalin II
Project, Donggi-Senoro LNG Project, SGU Project in Iraq, Brunei LNG Project,
Tangguh LNG Project, Arun II LNG Project, Wheatstone LNG Project and Browse LNG
Project. Under the downstream business, the group sells crude oil, natural gas
liquids, gasoline, kerosene, liquefied petroleum gas (LPG), naphtha, light oil,
heavy oil, lubricating oil, additives, waxes, asphalt, and other petroleum
products. It also carries out procurement and sales of various carbon products,
including coal coke, petroleum coke, carbon fiber, activated carbon, artificial
graphite electrodes, cathode blocks, blast furnace blocks, naphthalene, CBO, tar,
and needle coke. Mitsubishi has also forayed into new energy businesses, such
as, gas-to-liquid (GTL) and bio fuels.
Debt Covenants
Mitsubishi reported highly leveraged capital structure, which could
affect its expansion and growth plans. Up to the end of fiscal 2012, the
company reported total debt obligation of JPY5,287.8 billion consisting of
total long-term debt component of JPY3,760.1 billion. Its total debt was
JPY4,479.77 billion and JPY4,361.22 billion in FY 2011 and FY 2010, respectively.
The group reported substantially high debt to equity ratio of 150.67% for the
fiscal year ended March 2012 (FY 2012), as compared to 138.5% and 147.2%
respectively in FY 2011 and FY 2010. Its current ratio, quick ratio and cash
ratio also decreased to 1.38, 1.16 and 0.307 for FY 2012, as compared to 1.505,
1.262 and 0.33 in FY 2011, respectively. Mitsubishi has to dedicate a
significant portion of its cash flow from operations to meet the debt service
requirements. Any reduction in revenue and operating cash flows could hinder
the company’s ability to repay interest and principal. Such huge debt
increases the financial burden on the company thereby limiting the availability
of cash for its growth.
Growth in LNG Demand
Rise in natural gas demand for power generation, domestic and
transportation sectors worldwide, resulted in increased demand for natural gas,
which led to growth in investments in new LNG projects. According to in-house
data, during 2012-2016, Asia-Pacific is expected to play a key role in global
LNG industry growth. Asia-Pacific has some of the major natural gas rich
countries such as Australia, Malaysia and Indonesia and there as some major
natural gas consuming countries such as China, India, Korea, and Japan, which plan
to increase their LNG imports in the near future. The region is also expected
to register rapid development in liquefaction and regasification of LNG. During
2012-2016, Indonesia, Malaysia and Australia are expected to grow rapidly in
LNG liquefaction capacity. According to in-house data, by 2016, global LNG
liquefaction capacity could increase to 454 MMtpa led by Qatar, Indonesia,
Malaysia, Nigeria and Australia, which will be the top five countries worldwide
in terms of liquefaction capacity. These countries together will account for
61.1% of the global LNG liquefaction capacity by 2016. Such growth prospects
are expected to provide potential growth opportunities to the company, as it
has investments in projects such as Donggi-Senoro LNG Project, Brunei LNG
Project, Tangguh LNG Project, Arun II LNG Project, Wheatstone LNG Project and
Browse LNG Project.
Offshore Market in EU
The offshore market in European Union (EU) continues to grow steadily
and is also expected play a larger role in Europe. It accounted for 9% of the
total installed capacity in 2011, which is expected to expand to around 20% by
2016. During 2012-2016, total offshore wind power plant installation in Europe
is expected to increase by about 65 GW. In the first half of 2012, 132 offshore
wind turbines were installed in Europe, with a combined capacity of 523.2 MW,
which represents 50% more than the wind turbine installations during the
previous comparative period. The group could tap growth potential from such
positive outlook for offshore wind market in EU. In January 2013, Mitsubishi
and Eneco announced that they will jointly construct and operate the
Luchterduinen offshore wind farm off the coast of the Netherlands. Besides, the
group will acquire 50% of the farm. Both companies will also enter into a
long-term strategic partnership agreement for carrying out offshore wind
activities in Europe. The group also reached an agreement with TenneT Holding
B.V. (TenneT) to purchase a 49% equity stake in the DolWin 2 and HelWin2
offshore transmission cable projects in Germany. The projects are scheduled for
completion by March 2015. Through this acquisition, it enhanced its offshore
transmission business in Europe.
Strategic Agreements
The group focuses on expanding its market reach by developing joint
ventures, operational agreements and strategic investments. Its strategic
agreements could enhance its operating expertise and market knowledge. In
December 2012, Mitsubishi and Thai Union Frozen Group (TUF Group) agreed to set
up a shrimp farming joint venture (JV) company in Thailand. The group will own
49% of shares in the JV and remaining shares will be owned by Thai Union
Feedmill (TFM), a TUF subsidiary. In November 2012, Mitsubishi announced its
intent to acquire a 40% stake in the 472MW Cochrane coal-fired power project in
Mejillones, Chile. In October 2012, the group announced its intention to
acquire 20% shares of Star Energy Geothermal Pte Ltd., a holding company that
manages operation of the Wayang Windu Geothermal Power Project Plant in Java
Island of Indonesia. In September 2012, Mitsubishi Corp, Mitsubishi Motors
Corp. and Guangzhou Automobile Group Co Ltd established a joint venture, GAC
Mitsubishi Motors Co., LTD., to undertake manufacture and sale of automobiles
in Hunan, China. Furthermore, Mitsubishi and Sembcorp Development entered into
a strategic alliance agreement in the field of urban development business in
South East Asia. In June 2012, the company announced its participation in the
Wheatstone LNG project to further strengthen its LNG operations. In April 2012,
the company signed a commercial development agreement with a subsidiary of
Sempra Energy, Cameron LNG, to liquefy approximately 4 million metric tons of
natural gas at Cameron LNG terminal. During the same month, the company
acquired a 20% stake in Ipanema Coffees, a Brazilian coffee producer. In
addition, the company, along with Mitsubishi Motors Corporation and Mitsubishi
Electric Corporation, completed the development and started the operation of
M-tech Labo, a smart grid demonstration system, which utilizes rechargeable
batteries in electric vehicles for electric-demand leveling of factory
facilities. In March 2012, the company entered into an agreement with
Stillwater Mining Company to acquire a 25% interest in Stillwater Canada Inc.,
which owns the entire interest in Stillwater's Marathon PGM Project. During the
same month, Mitsubishi Corporation, along with Nomura Real Estate Development
Co., Ltd., teamed up on a project named Smart & Share Town Concept, to develop
a town that would generate environmental value.
Global Economic Scenario
The global economic downturn and the uneven recovery are likely to pose
challenges to the group in the next few years. The global recovery is facing
challenges related to tough economic environment in the Euro area and weak
business environment elsewhere. According to World Economic Outlook (WEO) April
2012 report by IMF, the world output is expected to decline from 3.9% in 2011,
to 3.5% in 2012. The output of advanced economies is projected to decline from
1.6% in 2011 to 1.4% in 2012, and the output of emerging and developing
economies is expected to decline from 6.2% in 2011 to 5.7% in 2012. Growth in
advanced economies is expected to be lower, mainly due to adverse spillovers
from the Euro region. The principal reason for the declining trend is the weak
economic situations in the Euro region, which is expected to record a mild
recession in 2012, due to the increment in sovereign yields, fiscal
consolidation, and the effects of deleveraging by banks. The growth in emerging
economies is also expected to slow down, due to the declining external
environment and weak internal demand. The World Bank also lowered its world
economic growth to 2.5% in 2012 and 3.1% in 2013, well below the 3.6 % growth
for each year projected in June 2011. According to the World Bank estimates,
high income economies across the world are expected to expand nearly 1.4% in
2012 as the euro area shrinks 0.3%, as it recorded sharp downward revisions from
growth forecasts last June of 2.7% and 1.8%, respectively. According to
experts, the global economy is expected to record sluggish growth in 2013, with
output growth dragged down by a weak performance anticipated in the Euro zone.
Such sluggish growth could result in the inability of some of the company’s
customers to comply with the terms of their contracts.
Volatility in Oil & Gas Prices
The market for oil and gas is volatile and changes according to market,
political and economic movements. Several factors are responsible for such
changes including domestic and foreign supply of oil and gas, global economic
conditions, price and availability of alternative fuels, governmental
regulations, weather conditions and technological advances, among others. In 2011,
the natural gas prices were low and were expected to remain at around the same
level. In 2011, oil prices were as high as $113.93 per bbl and fluctuated to a
low of $75.67 per bbl. In 2011, NYMEX natural gas prices decreased from $4.85
per million British thermal units (MMBtu) to $2.99 per MMBtu.
Political Unrest in Middle East & Africa
The political situation in various Middle Eastern and northern African
countries could affect the company’s business operations in the region. Due
to the tense political situation in the region, some government projects could
be delayed. The Arab Spring involved protests across Libya, Egypt and Tunisia,
which led to the overthrowing of governments. These protests spread to Kuwait,
Bahrain, Morocco, Oman, Lebanon and Saudi Arabia. Political disorder in the
Middle-East and northern African countries including Egypt, Libya, Iran and
Iraq resulted in uncertainty of crude oil supply. The high risk environment in
Iraq is among the major threats to the oil and gas sector. Political
instability and civil wars could pose serious challenges to the company. The
civil wars and political unrest in the past continue to plague Iraq. In 2011,
the political situation in Libya was very fragile due to civil unrest in
several Libyan cities. This promoted one of the largest international military
interventions in the region since the Iraq war. Since then, the situation in
the county has remained very fragile. Syria has been embroiled in civil war
since March 2011, which is an ongoing armed conflict between forces loyal to
the Syrian Ba'ath Party government and those seeking to oust it. Due to the
civil war, Syria's oil and tourism industries, in particular, have been
devastated in 2012. Such volatile political situation in the Middle East and
northern Africa could hamper the company’s operations as its growth plans
could be severely affected.
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Mitsubishi Corp |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-Ku |
Japan |
Miscellaneous Capital Goods |
71,938.5 |
65,975 |
|
|
Subsidiary |
Ota-Ku |
Japan |
Food Processing |
27,948.2 |
5,867 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
1,500 |
|
|
Subsidiary |
Kagoshima |
Japan |
Beverages (Alcoholic) |
|
30 |
|
|
Subsidiary |
Kobe |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Beverages (Alcoholic) |
|
|
|
|
Subsidiary |
Fukushima |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Kanazawa, Ishikawa |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Nagano |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Fukuoka |
Japan |
Beverages (Alcoholic) |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
2,412.1 |
4,166 |
|
|
Subsidiary |
Riche Terre |
Mauritius |
Food Processing |
119.1 |
2,000 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
220 |
|
|
Subsidiary |
Carlisle |
United Kingdom |
Beverages (Non-Alcoholic) |
44.4 |
129 |
|
|
Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Retail (Grocery) |
210.9 |
40 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
167.8 |
19 |
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
0.4 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
160 |
|
|
UK Branch/Trading address |
Chichester |
United Kingdom |
Food Processing |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Rental and Leasing |
815.2 |
2,278 |
|
|
Subsidiary |
Konosu-Shi |
Japan |
Containers and Packaging |
744.5 |
2,167 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Fabricated Plastic and Rubber |
31.3 |
285 |
|
|
Subsidiary |
Jiangyin, Jiangsu |
China |
Fabricated Plastic and Rubber |
12.4 |
250 |
|
|
Subsidiary |
Konosu, Saitama |
Japan |
Real Estate Operations |
34.6 |
1 |
|
|
Subsidiary |
Chongqing, Chongqing |
China |
Fabricated Plastic and Rubber |
6.1 |
|
|
|
Subsidiary |
Numazu-Shi |
Japan |
Food Processing |
1,737.9 |
1,720 |
|
|
Subsidiary |
Nantong, Jiangsu |
China |
Food Processing |
17.7 |
300 |
|
|
Subsidiary |
Kasukabe, Saitama |
Japan |
Food Processing |
249.5 |
|
|
|
Subsidiary |
Tohaku-Gun, Tottori |
Japan |
Food Processing |
133.8 |
|
|
|
Subsidiary |
Numazu, Shizuoka |
Japan |
Food Processing |
81.2 |
|
|
|
Subsidiary |
Delphi, IN |
United States |
Food Processing |
400.0 |
1,700 |
|
|
Branch |
Ferdinand, IN |
United States |
Railroads |
0.1 |
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
597.3 |
1,682 |
|
|
Subsidiary |
Lota |
Chile |
Forestry and Wood Products |
|
1,500 |
|
|
Subsidiary |
Shibuya-Ku |
Japan |
Restaurants |
1,034.9 |
1,083 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
266.8 |
832 |
|
|
Subsidiary |
Muang, Rayong |
Thailand |
Chemical Manufacturing |
|
200 |
|
|
Facility |
Shiki, Saitama |
Japan |
Food Processing |
|
|
|
|
Facility |
Fuji, Shizuoka |
Japan |
Food Processing |
|
|
|
|
Facility |
Hyogo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Pasuruan, East Java |
Indonesia |
Food Processing |
|
|
|
|
Subsidiary |
Chuo-Ku |
Japan |
Food Processing |
575.7 |
720 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Crops |
100.1 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Restaurants |
84.8 |
|
|
|
Subsidiary |
Ota-Ku, Tokyo |
Japan |
Trucking |
33.4 |
|
|
|
Branch |
Shizuoka, Shizuoka |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemicals - Plastics and Rubber |
382.6 |
665 |
|
|
Facility |
Yatsushiro, Kumamoto |
Japan |
Chemical Manufacturing |
|
|
|
|
Facility |
Saiki, Oita |
Japan |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Capital Goods |
2,429.0 |
650 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
955.0 |
164 |
|
|
Subsidiary |
Paris |
France |
Miscellaneous Capital Goods |
165.3 |
42 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Retail (Grocery) |
16.1 |
14 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Construction and Agriculture Machinery |
|
9 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
150 |
|
|
Subsidiary |
Burlington, NJ |
United States |
Chemicals - Plastics and Rubber |
133.1 |
100 |
|
|
Branch |
Philadelphia, PA |
United States |
Iron and Steel |
85.4 |
85 |
|
|
Branch |
Columbus, OH |
United States |
Iron and Steel |
66.4 |
50 |
|
|
Branch |
Piqua, OH |
United States |
Iron and Steel |
21.7 |
20 |
|
|
Subsidiary |
Richmond, CA |
United States |
Food Processing |
|
80 |
|
|
Subsidiary |
Columbus, IN |
United States |
Miscellaneous Capital Goods |
|
75 |
|
|
Subsidiary |
Plainfield, IL |
United States |
Miscellaneous Capital Goods |
21.6 |
65 |
|
|
Subsidiary |
Rye, NY |
United States |
Miscellaneous Capital Goods |
154.8 |
60 |
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Chemical Manufacturing |
11.9 |
49 |
|
|
Branch |
Mtxico, Distrito Federal |
Mexico |
Nonclassifiable Industries |
|
15 |
|
|
Subsidiary |
Secaucus, NJ |
United States |
Retail (Grocery) |
7.2 |
32 |
|
|
Subsidiary |
Vancouver, BC |
Canada |
Chemical Manufacturing |
|
30 |
|
|
Subsidiary |
Boyle, AB |
Canada |
Paper and Paper Products |
|
420 |
|
|
Branch |
Edmonton, AB |
Canada |
Paper and Paper Products |
8.3 |
12 |
|
|
Branch |
Fort Mcmurray, AB |
Canada |
Paper and Paper Products |
8.3 |
12 |
|
|
Branch |
Conklin, AB |
Canada |
Paper and Paper Products |
6.9 |
10 |
|
|
Branch |
Conklin, AB |
Canada |
Forestry and Wood Products |
1.4 |
5 |
|
|
Branch |
Wabasca, AB |
Canada |
Food Processing |
2.4 |
2 |
|
|
Branch |
Edmonton, AB |
Canada |
Paper and Paper Products |
0.7 |
1 |
|
|
Branch |
Toronto, ON |
Canada |
Miscellaneous Capital Goods |
36.9 |
30 |
|
|
Branch |
New York, NY |
United States |
Iron and Steel |
17.0 |
20 |
|
|
Branch |
Seattle, WA |
United States |
Business Services |
37.7 |
16 |
|
|
Subsidiary |
Dublin, OH |
United States |
Business Services |
|
16 |
|
|
Branch |
Fort Lee, NJ |
United States |
Business Services |
18.0 |
8 |
|
|
Branch |
Cypress, CA |
United States |
Miscellaneous Capital Goods |
36.5 |
15 |
|
|
Branch |
Pine Brook, NJ |
United States |
Miscellaneous Capital Goods |
21.1 |
7 |
|
|
Branch |
Springfield, MA |
United States |
Miscellaneous Capital Goods |
6.7 |
3 |
|
|
Branch |
Los Angeles, CA |
United States |
Miscellaneous Capital Goods |
37.3 |
14 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
|
12 |
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
11 |
|
|
Subsidiary |
Henderson, NV |
United States |
Construction - Raw Materials |
125.0 |
10 |
|
|
Branch |
Lucerne Valley, CA |
United States |
Construction - Raw Materials |
7.1 |
200 |
|
|
Branch |
Henderson, NV |
United States |
Retail (Home Improvement) |
3.0 |
9 |
|
|
Branch |
Pahrump, NV |
United States |
Retail (Home Improvement) |
1.0 |
3 |
|
|
Branch |
Long Beach, CA |
United States |
Construction - Raw Materials |
0.6 |
1 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
9.3 |
10 |
|
|
Branch |
Palatine, IL |
United States |
Miscellaneous Capital Goods |
2.3 |
10 |
|
|
Branch |
Washington, DC |
United States |
Miscellaneous Capital Goods |
14.4 |
9 |
|
|
Subsidiary |
New York, NY |
United States |
Communications Services |
|
8 |
|
|
Branch |
Copley, OH |
United States |
Miscellaneous Capital Goods |
17.7 |
7 |
|
|
Subsidiary |
Upper Saddle Rvr, NJ |
United States |
Chemical Manufacturing |
|
7 |
|
|
Branch |
Pembroke, KY |
United States |
Chemical Manufacturing |
13.1 |
4 |
|
|
Branch |
Pittsburgh, PA |
United States |
Miscellaneous Capital Goods |
14.9 |
6 |
|
|
Subsidiary |
Iselin, NJ |
United States |
Retail (Specialty) |
|
5 |
|
|
Branch |
Somerset, NJ |
United States |
Retail (Specialty) |
1.5 |
3 |
|
|
Branch |
Andover, MA |
United States |
Miscellaneous Capital Goods |
7.3 |
3 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil Well Services and Equipment |
|
3 |
|
|
Branch |
Miami, FL |
United States |
Miscellaneous Fabricated Products |
0.4 |
2 |
|
|
Branch |
Tucson, AZ |
United States |
Miscellaneous Capital Goods |
4.3 |
1 |
|
|
Subsidiary |
Minato-Ku |
Japan |
Medical Equipment and Supplies |
116.4 |
550 |
|
|
Subsidiary |
Yokohama |
Japan |
Food Processing |
|
500 |
|
|
Subsidiary |
Ayase, Kanagawa |
Japan |
Biotechnology and Drugs |
32.9 |
6 |
|
|
Subsidiary |
Shibushi, Kagoshima |
Japan |
Chemical Manufacturing |
131.9 |
|
|
|
Subsidiary |
Tajimi, Gifu |
Japan |
Food Processing |
126.7 |
|
|
|
Subsidiary |
Shiogama, Miyagi |
Japan |
Chemical Manufacturing |
51.4 |
|
|
|
Subsidiary |
Tsuchiura, Ibaraki |
Japan |
Chemical Manufacturing |
48.2 |
|
|
|
Subsidiary |
Ayauta-Gun, Kagawa |
Japan |
Food Processing |
23.1 |
|
|
|
Subsidiary |
Brits |
South Africa |
Metal Mining |
|
500 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
491 |
|
|
Subsidiary |
Chiyoda-Ku |
Japan |
Chemical Manufacturing |
1,580.3 |
444 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Oil and Gas Operations |
170.3 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Manufacturing |
128.7 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Construction - Supplies and Fixtures |
61.7 |
|
|
|
Subsidiary |
Chiyoda-Ku |
Japan |
Food Processing |
690.6 |
428 |
|
|
Mitsubishi Corporation Financial & Management
Services (Japan) Ltd. |
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
404 |
|
Subsidiary |
Shanghai |
China |
Investment Services |
|
400 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
370 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
349 |
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Real Estate Operations |
|
300 |
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Rental and Leasing |
5.1 |
|
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Retail (Specialty) |
|
50 |
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Software and Programming |
|
41 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
90.7 |
278 |
|
|
Subsidiary |
Muang, Chon Buri |
Thailand |
Miscellaneous Fabricated Products |
|
250 |
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
1,644.3 |
240 |
|
|
Subsidiary |
Toyama, Toyama |
Japan |
Retail (Specialty) |
43.4 |
47 |
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Retail (Specialty) |
49.3 |
1 |
|
|
Subsidiary |
Toyonaka, Osaka |
Japan |
Retail (Specialty) |
152.1 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Retail (Specialty) |
142.6 |
|
|
|
Subsidiary |
Sendai, Miyagi |
Japan |
Retail (Specialty) |
123.3 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Manufacturing |
10.7 |
|
|
|
Subsidiary |
West End, QLD |
Australia |
Food Processing |
585.0 |
232 |
|
|
Subsidiary |
Tokyo |
Japan |
Containers and Packaging |
1,946.2 |
230 |
|
|
Subsidiary |
West End, QLD |
Australia |
Food Processing |
414.7 |
230 |
|
|
Subsidiary |
Bangkok |
Thailand |
Engineering Consultants |
28.6 |
230 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Raw Materials |
|
220 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
5,319.1 |
219 |
|
|
Branch |
Taipei City, Taipei |
Taiwan |
Personal and Household Products |
|
4 |
|
|
Subsidiary |
Chonburi |
Thailand |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
Bang Rak, Bangkok |
Thailand |
Tires |
|
360 |
|
|
Subsidiary |
Wood Dale, IL |
United States |
Miscellaneous Capital Goods |
20.7 |
180 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
1,909.5 |
170 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Retail (Specialty) |
373.1 |
150 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Business Services |
|
120 |
|
|
Branch |
Singapore |
Singapore |
Miscellaneous Financial Services |
|
110 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Auto and Truck Manufacturers |
1,545.7 |
100 |
|
|
Subsidiary |
Overland Park, KS |
United States |
Investment Services |
278.0 |
100 |
|
|
Branch |
Ephrata, WA |
United States |
Chemical Manufacturing |
46.4 |
19 |
|
|
Branch |
Superior, NE |
United States |
Miscellaneous Transportation |
1.2 |
9 |
|
|
Branch |
Portland, OR |
United States |
Miscellaneous Transportation |
1.0 |
8 |
|
|
Branch |
Norfolk, NE |
United States |
Miscellaneous Transportation |
1.0 |
7 |
|
|
Subsidiary |
Taipei |
Taiwan |
Business Services |
|
100 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
22.0 |
93 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
673.2 |
90 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
158.4 |
|
|
|
Subsidiary |
Cairns, QLD |
Australia |
Construction - Raw Materials |
15.5 |
90 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Business Services |
67.7 |
80 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
|
80 |
|
|
Subsidiary |
Ichikawa, Chiba |
Japan |
Food Processing |
|
78 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Oil and Gas Operations |
13.8 |
75 |
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
1,468.8 |
65 |
|
|
Subsidiary |
Tokyo |
Japan |
Rental and Leasing |
|
64 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
64 |
|
|
Branch |
Osaka, Osaka |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Rosemont, IL |
United States |
Construction - Supplies and Fixtures |
|
60 |
|
|
Subsidiary |
San Francisco De Los Romo, Aguascalientes |
Mexico |
Miscellaneous Fabricated Products |
|
76 |
|
|
Subsidiary |
Ramos Arizpe, Coahuila |
Mexico |
Miscellaneous Fabricated Products |
|
20 |
|
|
Branch |
Southfield, MI |
United States |
Miscellaneous Fabricated Products |
2.0 |
8 |
|
|
Branch |
Cincinnati, OH |
United States |
Miscellaneous Fabricated Products |
1.2 |
5 |
|
|
Branch |
Smyrna, TN |
United States |
Miscellaneous Fabricated Products |
1.2 |
5 |
|
|
Branch |
Santa Fe Springs, CA |
United States |
Miscellaneous Fabricated Products |
1.1 |
5 |
|
|
Branch |
Vancouver, WA |
United States |
Miscellaneous Fabricated Products |
0.8 |
3 |
|
|
Branch |
Woodstock, GA |
United States |
Miscellaneous Fabricated Products |
0.7 |
3 |
|
|
Branch |
Philipsburg, MT |
United States |
Miscellaneous Fabricated Products |
0.3 |
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Motion Pictures |
|
40 |
|
|
Subsidiary |
Makati City, NCR |
Philippines |
Oil and Gas Operations |
|
36 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Investment Services |
7,367.9 |
30 |
|
|
Subsidiary |
West Perth, WA |
Australia |
Metal Mining |
8.3 |
330 |
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
2,554.3 |
30 |
|
|
Subsidiary |
West Perth, WA |
Australia |
Construction Services |
11.3 |
30 |
|
|
Subsidiary |
Irvine, CA |
United States |
Oil and Gas Operations |
|
30 |
|
|
Branch |
Long Beach, CA |
United States |
Oil and Gas Operations |
107.3 |
12 |
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Auto and Truck Manufacturers |
29.7 |
25 |
|
|
Subsidiary |
Lai Chi Kok, Kowloon |
Hong Kong |
Food Processing |
0.2 |
25 |
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
24 |
|
|
Subsidiary |
Eagle Farm, QLD |
Australia |
Auto and Truck Manufacturers |
4.1 |
22 |
|
|
Subsidiary |
Wood Dale, IL |
United States |
Investment Services |
|
20 |
|
|
Subsidiary |
Tsim Tsa Tsui, Kowloon |
Hong Kong |
Apparel and Accessories |
|
20 |
|
|
Subsidiary |
Auckland |
New Zealand |
Miscellaneous Capital Goods |
1.6 |
18 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil Well Services and Equipment |
|
18 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Retail (Specialty) |
1,397.0 |
16 |
|
|
Subsidiary |
Glostrup |
Denmark |
Auto and Truck Manufacturers |
57.1 |
16 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Personal Services |
6.3 |
16 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
|
15 |
|
|
Subsidiary |
Singapore |
Singapore |
Food Processing |
103.7 |
13 |
|
|
Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Retail (Grocery) |
|
13 |
|
|
Subsidiary |
Tokyo |
Japan |
Electric Utilities |
|
12 |
|
|
Subsidiary |
Tokoname, Aichi |
Japan |
Miscellaneous Transportation |
|
12 |
|
|
Subsidiary |
Lima, Lima |
Peru |
Nonclassifiable Industries |
|
10 |
|
|
Subsidiary |
Dublin |
Ireland |
Rental and Leasing |
151.3 |
9 |
|
|
Subsidiary |
Dublin |
Ireland |
Rental and Leasing |
6.8 |
|
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
8 |
|
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
|
7 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Fish and Livestock |
46.9 |
2 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Auto and Truck Manufacturers |
|
1 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Medical Equipment and Supplies |
1,831.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Medical Equipment and Supplies |
101.2 |
|
|
|
Subsidiary |
Shizuoka, Shizuoka |
Japan |
Medical Equipment and Supplies |
67.5 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Chemical Manufacturing |
1,829.0 |
|
|
|
Subsidiary |
Shibuya-Ku, Tokyo |
Japan |
Apparel and Accessories |
1,805.0 |
|
|
|
Subsidiary |
New Delhi, Delhi |
India |
Chemical Manufacturing |
814.6 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Computer Networks |
693.7 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Food Processing |
474.6 |
|
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Retail (Grocery) |
112.2 |
|
|
|
Subsidiary |
Ishigaki, Okinawa |
Japan |
Food Processing |
15.8 |
|
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Business Services |
458.8 |
|
|
|
Subsidiary |
Soo-Gun, Kagoshima |
Japan |
Fish and Livestock |
376.0 |
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
371.2 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Transportation |
360.4 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Miscellaneous Transportation |
|
70 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
20.1 |
55 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Personal Services |
|
18 |
|
|
Subsidiary |
Central District, Hong Kong |
Hong Kong |
Miscellaneous Transportation |
|
7 |
|
|
Subsidiary |
Athens |
Greece |
Business Services |
1.7 |
5 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Investment Services |
247.2 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Business Services |
230.6 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Food Processing |
202.8 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Footwear |
199.8 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Chemical Manufacturing |
155.7 |
|
|
|
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Healthcare Facilities |
143.0 |
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Food Processing |
126.7 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Medical Equipment and Supplies |
113.6 |
|
|
|
Subsidiary |
Ichikawa, Chiba |
Japan |
Food Processing |
93.2 |
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Food Processing |
92.4 |
|
|
|
Mitsubishi Corporation Financial & Management
Services(Japan) Ltd. |
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Consumer Financial Services |
73.5 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Business Services |
71.3 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Real Estate Operations |
62.5 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Miscellaneous Capital Goods |
31.1 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
21.0 |
|
|
|
Subsidiary |
Bogota, D.C. |
Colombia |
Miscellaneous Capital Goods |
2.8 |
|
|
|
Subsidiary |
Caracas |
Venezuela |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Joint Venture |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Pathumwan, Bangkok |
Thailand |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Pathum Wan, Bangkok |
Thailand |
Food Processing |
|
345 |
|
|
Subsidiary |
Fuji, Shizuoka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Gifu |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Sendai, Miyagi |
Japan |
Personal and Household Products |
|
|
|
|
Subsidiary |
Iwata, Shizuoka |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Vancouver, BC |
Canada |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Ome, Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Abu Dhabi, Abu Dhabi |
United Arab Emirates |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Alger |
Algeria |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Teheran |
Iran |
Business Services |
|
|
|
|
Branch |
Almaty |
Kazakhstan |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Casablanca |
Morocco |
Construction Services |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Doha |
Qatar |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Tunis |
Tunisia |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Sanuki, Kagawa |
Japan |
Food Processing |
150.8 |
|
|
|
Subsidiary |
Shizuoka, Shizuoka |
Japan |
Food Processing |
38.0 |
|
|
|
Subsidiary |
Jeddah |
Saudi Arabia |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Sunderland |
United Kingdom |
Business Services |
|
130 |
|
|
Subsidiary |
Dalkeith |
United Kingdom |
Miscellaneous Fabricated Products |
58.1 |
202 |
|
|
Subsidiary |
Sunderland |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
30.3 |
61 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
14 |
|
|
Subsidiary |
Cirencester |
United Kingdom |
Retail (Specialty) |
|
13 |
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
1.2 |
11 |
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
|
8 |
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
23.5 |
6 |
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
8.0 |
6 |
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
12.7 |
5 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
10.6 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
1.4 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Electric Utilities |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Electric Utilities |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Amsterdam |
Netherlands |
Metal Mining |
|
|
|
|
Subsidiary |
Yamato, Kanagawa |
Japan |
Iron and Steel |
|
|
|
|
Diamond Energy Exploration & Production (Brunei
Deepwater) B.V. |
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Healthcare Facilities |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Flörsheim Am Main, Hessen |
Germany |
Commercial Banks |
|
|
|
|
Subsidiary |
Los Angeles, CA |
United States |
Real Estate Operations |
|
|
|
|
Subsidiary |
Gunma |
Japan |
Iron and Steel |
|
|
|
|
Facility |
Gunma |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Kurashiki, Oka |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Iwaki, Fukushima |
Japan |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Anjo, Aichi |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Oyama, Tochigi |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Gunma |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Oyama, Tochigi |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Electric Utilities |
|
|
|
|
Subsidiary |
Amsterdam |
Netherlands |
Investment Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
Trility Group Pty Ltd |
Subsidiary |
|
|
|
|
|
|
Executives
Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Restated 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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
71,938.5 |
70,488.2 |
60,763.1 |
48,856.7 |
61,167.8 |
|
Revenue |
71,938.5 |
70,488.2 |
60,763.1 |
48,856.7 |
61,167.8 |
|
Total Revenue |
71,938.5 |
70,488.2 |
60,763.1 |
48,856.7 |
61,167.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
59,528.6 |
56,204.5 |
47,344.0 |
37,918.6 |
46,606.8 |
|
Cost of Revenue, Total |
59,528.6 |
56,204.5 |
47,344.0 |
37,918.6 |
46,606.8 |
|
Gross Profit |
12,409.9 |
14,283.7 |
13,419.1 |
10,938.1 |
14,561.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
10,726.2 |
10,767.5 |
9,729.8 |
8,977.1 |
8,700.4 |
|
Total Selling/General/Administrative Expenses |
10,726.2 |
10,767.5 |
9,729.8 |
8,977.1 |
8,700.4 |
|
Total Operating Expense |
70,254.8 |
66,971.9 |
57,073.8 |
46,895.7 |
55,307.2 |
|
|
|
|
|
|
|
|
Operating Income |
1,683.8 |
3,516.2 |
3,689.3 |
1,961.0 |
5,860.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-521.0 |
-529.8 |
-464.2 |
-541.9 |
-820.6 |
|
Interest Expense, Net Non-Operating |
-521.0 |
-529.8 |
-464.2 |
-541.9 |
-820.6 |
|
Interest Income -
Non-Operating |
448.8 |
489.3 |
386.0 |
405.8 |
588.6 |
|
Investment Income -
Non-Operating |
2,154.1 |
1,687.0 |
2,031.0 |
987.0 |
-310.4 |
|
Interest/Investment Income - Non-Operating |
2,602.9 |
2,176.2 |
2,417.0 |
1,392.9 |
278.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
2,081.9 |
1,646.4 |
1,952.8 |
850.9 |
-542.4 |
|
Gain (Loss) on Sale of Assets |
-294.5 |
-89.7 |
-29.8 |
-170.3 |
-450.2 |
|
Other Non-Operating Income (Expense) |
593.0 |
685.7 |
573.9 |
563.4 |
-1,004.4 |
|
Other, Net |
593.0 |
685.7 |
573.9 |
563.4 |
-1,004.4 |
|
Income Before Tax |
4,064.2 |
5,758.6 |
6,186.2 |
3,205.0 |
3,863.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
1,367.8 |
2,131.8 |
2,318.6 |
1,272.5 |
1,481.9 |
|
Income After Tax |
2,696.4 |
3,626.8 |
3,867.7 |
1,932.4 |
2,381.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-337.1 |
-335.0 |
-395.4 |
-194.9 |
-305.7 |
|
Equity In Affiliates |
1,979.9 |
2,436.9 |
1,948.9 |
1,219.7 |
1,560.1 |
|
Net Income Before Extraord Items |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,636.0 |
|
Discontinued Operations |
- |
- |
- |
- |
45.5 |
|
Total Extraord Items |
- |
- |
- |
- |
45.5 |
|
Net Income |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,636.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,646.5 |
1,645.4 |
1,643.7 |
1,643.1 |
1,642.4 |
|
Basic EPS Excl Extraord Items |
2.64 |
3.48 |
3.30 |
1.80 |
2.21 |
|
Basic/Primary EPS Incl Extraord Items |
2.64 |
3.48 |
3.30 |
1.80 |
2.24 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
-0.1 |
|
Diluted Net Income |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.4 |
|
Diluted Weighted Average Shares |
1,650.2 |
1,649.1 |
1,648.1 |
1,646.8 |
1,646.0 |
|
Diluted EPS Excl Extraord Items |
2.63 |
3.47 |
3.29 |
1.80 |
2.21 |
|
Diluted EPS Incl Extraord Items |
2.63 |
3.47 |
3.29 |
1.80 |
2.24 |
|
Dividends per Share - Common Stock Primary Issue |
0.66 |
0.82 |
0.76 |
0.41 |
0.52 |
|
Gross Dividends - Common Stock |
1,091.8 |
1,355.1 |
1,247.2 |
672.0 |
850.2 |
|
Interest Expense, Supplemental |
521.0 |
529.8 |
464.2 |
541.9 |
820.6 |
|
Depreciation, Supplemental |
1,897.1 |
1,841.8 |
1,678.3 |
1,493.2 |
1,488.6 |
|
Total Special Items |
294.5 |
89.7 |
29.8 |
170.3 |
450.2 |
|
Normalized Income Before Tax |
4,358.7 |
5,848.4 |
6,216.0 |
3,375.3 |
4,313.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
99.1 |
33.2 |
11.2 |
67.6 |
172.7 |
|
Inc Tax Ex Impact of Sp Items |
1,466.9 |
2,165.0 |
2,329.7 |
1,340.2 |
1,654.5 |
|
Normalized Income After Tax |
2,891.8 |
3,683.3 |
3,886.3 |
2,035.1 |
2,659.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
4,534.6 |
5,785.2 |
5,439.8 |
3,059.9 |
3,913.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.75 |
3.52 |
3.31 |
1.86 |
2.38 |
|
Diluted Normalized EPS |
2.75 |
3.51 |
3.30 |
1.86 |
2.38 |
|
Amort of Intangibles, Supplemental |
- |
- |
- |
174.9 |
170.0 |
|
Advertising Expense, Supplemental |
- |
- |
169.4 |
152.1 |
162.6 |
|
Research & Development Exp, Supplemental |
- |
- |
53.0 |
39.4 |
25.9 |
|
Reported Operating Profit |
1,613.5 |
3,433.6 |
3,689.3 |
1,961.0 |
5,860.6 |
|
Normalized EBIT |
1,683.8 |
3,516.2 |
3,689.3 |
1,961.0 |
5,860.6 |
|
Normalized EBITDA |
3,580.9 |
5,358.0 |
5,367.6 |
3,629.0 |
7,519.2 |
|
Current Tax - Total |
1,453.0 |
1,653.4 |
1,967.3 |
- |
- |
|
Current Tax - Total |
1,453.0 |
1,653.4 |
1,967.3 |
- |
- |
|
Deferred Tax - Total |
-85.2 |
478.5 |
351.2 |
- |
- |
|
Deferred Tax - Total |
-85.2 |
478.5 |
351.2 |
- |
- |
|
Income Tax - Total |
1,367.8 |
2,131.8 |
2,318.6 |
- |
- |
|
Interest Cost - Domestic |
131.0 |
137.3 |
128.8 |
126.6 |
122.7 |
|
Service Cost - Domestic |
153.2 |
157.3 |
142.7 |
123.4 |
121.5 |
|
Prior Service Cost - Domestic |
5.6 |
5.0 |
4.3 |
4.0 |
3.8 |
|
Expected Return on Assets - Domestic |
-97.1 |
-94.8 |
-84.3 |
-51.6 |
-91.6 |
|
Actuarial Gains and Losses - Domestic |
85.9 |
100.1 |
88.3 |
113.6 |
30.1 |
|
Other Pension, Net - Domestic |
10.1 |
13.1 |
11.7 |
8.8 |
17.9 |
|
Domestic Pension Plan Expense |
288.7 |
317.8 |
291.5 |
324.8 |
204.4 |
|
Total Pension Expense |
288.7 |
317.8 |
291.5 |
324.8 |
204.4 |
|
Discount Rate - Domestic |
2.60% |
2.70% |
2.70% |
3.10% |
3.10% |
|
Expected Rate of Return - Domestic |
2.50% |
2.50% |
2.60% |
2.10% |
3.40% |
|
Compensation Rate - Domestic |
2.60% |
2.50% |
2.60% |
2.60% |
2.60% |
|
Total Plan Interest Cost |
131.0 |
137.3 |
128.8 |
126.6 |
122.7 |
|
Total Plan Service Cost |
153.2 |
157.3 |
142.7 |
123.4 |
121.5 |
|
Total Plan Expected Return |
-97.1 |
-94.8 |
-84.3 |
-51.6 |
-91.6 |
|
Total Plan Other Expense |
10.1 |
13.1 |
11.7 |
8.8 |
17.9 |
|
|
|
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 |
Restated Normal |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
15,617.3 |
16,616.7 |
15,809.1 |
12,698.4 |
13,446.7 |
|
Short Term Investments |
4,839.8 |
4,729.9 |
5,430.0 |
- |
- |
|
Cash and Short Term Investments |
20,457.1 |
21,346.7 |
21,239.1 |
12,698.4 |
13,446.7 |
|
Accounts Receivable -
Trade, Gross |
26,629.4 |
28,887.4 |
25,740.8 |
21,605.6 |
22,132.7 |
|
Provision for Doubtful
Accounts |
-307.3 |
-289.0 |
-287.6 |
-323.4 |
-293.9 |
|
Trade Accounts Receivable - Net |
26,322.0 |
28,598.4 |
25,453.2 |
21,282.1 |
21,838.8 |
|
Notes Receivable - Short Term |
3,632.9 |
4,407.7 |
3,972.2 |
7,822.1 |
4,977.0 |
|
Total Receivables, Net |
29,954.9 |
33,006.1 |
29,425.4 |
29,104.2 |
26,815.8 |
|
Total Inventory |
12,778.3 |
11,713.9 |
11,711.8 |
9,080.1 |
10,184.6 |
|
Prepaid Expenses |
1,544.0 |
1,915.6 |
1,990.1 |
1,569.8 |
1,379.7 |
|
Deferred Income Tax - Current Asset |
660.4 |
555.7 |
709.0 |
478.0 |
640.9 |
|
Other Current Assets |
7,156.7 |
6,418.0 |
7,238.8 |
5,838.6 |
6,274.1 |
|
Other Current Assets, Total |
7,817.1 |
6,973.7 |
7,947.8 |
6,316.6 |
6,915.0 |
|
Total Current Assets |
72,551.4 |
74,956.0 |
72,314.1 |
58,769.2 |
58,741.7 |
|
|
|
|
|
|
|
|
Buildings |
9,653.5 |
9,643.7 |
9,414.9 |
7,979.1 |
6,881.8 |
|
Land/Improvements |
3,698.8 |
4,075.1 |
3,884.3 |
3,053.6 |
2,971.1 |
|
Machinery/Equipment |
18,557.8 |
17,476.3 |
16,314.4 |
14,228.5 |
12,542.8 |
|
Construction in
Progress |
4,742.5 |
2,563.0 |
1,340.8 |
725.1 |
606.0 |
|
Other
Property/Plant/Equipment |
478.0 |
1,092.5 |
837.3 |
1,142.4 |
1,067.6 |
|
Property/Plant/Equipment - Gross |
37,130.6 |
34,850.5 |
31,791.7 |
27,128.7 |
24,069.4 |
|
Accumulated Depreciation |
-15,573.3 |
-15,712.3 |
-14,995.3 |
-12,801.1 |
-10,935.2 |
|
Property/Plant/Equipment - Net |
21,557.3 |
19,138.2 |
16,796.4 |
14,327.6 |
13,134.2 |
|
Goodwill, Net |
646.8 |
734.3 |
593.7 |
517.6 |
496.3 |
|
Intangibles, Net |
6,191.7 |
6,084.7 |
5,077.1 |
4,606.8 |
3,575.0 |
|
LT Investment - Affiliate Companies |
27,146.4 |
25,465.4 |
16,123.1 |
13,255.2 |
10,988.7 |
|
Long Term Investments |
27,146.4 |
25,465.4 |
16,123.1 |
13,255.2 |
10,988.7 |
|
Note Receivable - Long Term |
7,055.9 |
6,672.4 |
6,166.8 |
5,692.0 |
5,518.8 |
|
Other Long Term Assets |
18,011.1 |
19,746.9 |
18,941.9 |
19,022.2 |
18,085.0 |
|
Other Long Term Assets, Total |
18,011.1 |
19,746.9 |
18,941.9 |
19,022.2 |
18,085.0 |
|
Total Assets |
153,160.7 |
152,798.0 |
136,013.2 |
116,190.6 |
110,539.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
23,701.9 |
25,589.1 |
22,682.9 |
19,957.3 |
18,353.7 |
|
Accrued Expenses |
1,348.4 |
1,442.9 |
1,334.4 |
1,111.3 |
1,098.0 |
|
Notes Payable/Short Term Debt |
10,627.6 |
13,260.6 |
9,922.2 |
7,565.4 |
12,102.1 |
|
Current Portion - Long Term Debt/Capital Leases |
6,281.1 |
5,282.7 |
5,654.9 |
4,369.5 |
4,325.5 |
|
Customer Advances |
1,449.9 |
1,951.7 |
1,963.5 |
1,603.7 |
1,517.3 |
|
Income Taxes Payable |
598.9 |
392.8 |
775.7 |
438.7 |
429.2 |
|
Other Current Liabilities |
6,244.1 |
6,288.3 |
5,703.4 |
4,673.6 |
4,585.2 |
|
Other Current liabilities, Total |
8,292.8 |
8,632.8 |
8,442.6 |
6,715.9 |
6,531.8 |
|
Total Current Liabilities |
50,251.7 |
54,208.2 |
48,036.9 |
39,719.5 |
42,411.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
47,813.3 |
45,640.4 |
38,474.3 |
34,739.2 |
35,109.5 |
|
Total Long Term Debt |
47,813.3 |
45,640.4 |
38,474.3 |
34,739.2 |
35,109.5 |
|
Total Debt |
64,722.0 |
64,183.8 |
54,051.4 |
46,674.1 |
51,537.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
2,812.4 |
2,416.1 |
2,315.3 |
2,166.2 |
1,086.1 |
|
Deferred Income Tax |
2,812.4 |
2,416.1 |
2,315.3 |
2,166.2 |
1,086.1 |
|
Minority Interest |
4,000.0 |
3,871.5 |
3,820.0 |
3,276.7 |
3,089.6 |
|
Pension Benefits - Underfunded |
613.3 |
623.2 |
587.1 |
583.6 |
862.4 |
|
Other Long Term Liabilities |
3,247.0 |
3,460.3 |
3,767.3 |
4,000.3 |
3,850.3 |
|
Other Liabilities, Total |
3,860.2 |
4,083.6 |
4,354.4 |
4,584.0 |
4,712.8 |
|
Total Liabilities |
108,737.6 |
110,219.8 |
97,000.9 |
84,485.5 |
86,409.0 |
|
|
|
|
|
|
|
|
Additional Paid-In Capital |
5,442.6 |
6,197.9 |
6,078.3 |
5,357.0 |
5,130.9 |
|
Retained Earnings (Accumulated Deficit) |
37,869.2 |
40,062.8 |
37,347.3 |
28,960.7 |
25,183.8 |
|
Treasury Stock - Common |
-191.0 |
-249.6 |
-1,829.8 |
-1,622.1 |
-1,534.4 |
|
Unrealized Gain (Loss) |
3,195.7 |
2,693.8 |
3,150.9 |
3,214.0 |
1,484.6 |
|
Translation Adjustment |
-959.4 |
-5,176.3 |
-4,774.6 |
-3,471.7 |
-4,869.0 |
|
Minimum Pension Liability Adjustment |
-934.1 |
-950.4 |
-959.9 |
-732.7 |
-1,265.3 |
|
Other Equity, Total |
-1,893.5 |
-6,126.7 |
-5,734.4 |
-4,204.4 |
-6,134.3 |
|
Total Equity |
44,423.0 |
42,578.2 |
39,012.3 |
31,705.1 |
24,130.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
153,160.7 |
152,798.0 |
136,013.2 |
116,190.6 |
110,539.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,647.2 |
1,646.2 |
1,644.1 |
1,643.5 |
1,642.9 |
|
Total Common Shares Outstanding |
1,647.2 |
1,646.2 |
1,644.1 |
1,643.5 |
1,642.9 |
|
Treasury Shares - Common Stock Primary Issue |
6.3 |
7.3 |
53.2 |
53.2 |
53.1 |
|
Employees |
65,975 |
63,058 |
58,470 |
58,583 |
60,095 |
|
Number of Common Shareholders |
332,187 |
298,301 |
253,316 |
233,034 |
281,707 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
1,268.5 |
1,033.4 |
893.9 |
|
Deferred Revenue - Current |
1,449.9 |
1,951.7 |
1,963.5 |
1,603.7 |
1,517.3 |
|
Total Capital Leases, Supplemental |
632.7 |
715.8 |
766.3 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
141.0 |
147.3 |
161.9 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
122.2 |
124.7 |
127.6 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
90.3 |
103.2 |
99.1 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
67.8 |
76.7 |
81.3 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
48.9 |
53.8 |
54.3 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
212.5 |
227.9 |
226.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
116.7 |
130.6 |
135.5 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
162.5 |
210.0 |
242.1 |
- |
- |
|
Total Operating Leases, Supplemental |
2,536.6 |
2,839.8 |
2,866.6 |
- |
- |
|
Operating Lease Payments Due in Year 1 |
564.5 |
615.1 |
518.6 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
355.2 |
409.0 |
391.7 |
- |
- |
|
Operating Lease Payments Due in Year 3 |
316.7 |
307.0 |
330.1 |
- |
- |
|
Operating Lease Payments Due in Year 4 |
281.7 |
285.5 |
275.5 |
- |
- |
|
Operating Lease Payments Due in Year 5 |
237.1 |
261.5 |
260.9 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
671.9 |
716.0 |
721.8 |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
518.8 |
547.0 |
536.5 |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
781.5 |
961.6 |
1,089.7 |
- |
- |
|
Pension Obligation - Domestic |
5,471.8 |
5,440.9 |
5,286.6 |
4,701.4 |
4,170.8 |
|
Plan Assets - Domestic |
5,143.4 |
5,188.9 |
5,018.2 |
4,370.7 |
3,432.8 |
|
Funded Status - Domestic |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
Total Funded Status |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
Discount Rate - Domestic |
1.80% |
2.60% |
2.70% |
2.70% |
3.10% |
|
Compensation Rate - Domestic |
2.60% |
2.60% |
2.50% |
2.60% |
2.60% |
|
Prepaid Benefits - Domestic |
265.7 |
356.3 |
298.4 |
223.8 |
90.5 |
|
Accrued Liabilities - Domestic |
-594.0 |
-608.3 |
-566.8 |
-554.5 |
-828.5 |
|
Net Assets Recognized on Balance Sheet |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
Total Plan Obligations |
5,471.8 |
5,440.9 |
5,286.6 |
4,701.4 |
4,170.8 |
|
Total Plan Assets |
5,143.4 |
5,188.9 |
5,018.2 |
4,370.7 |
3,432.8 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated 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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
4,676.3 |
6,063.7 |
5,816.5 |
3,152.1 |
3,987.3 |
|
Depreciation |
1,897.1 |
1,841.8 |
1,678.3 |
1,493.2 |
1,488.6 |
|
Depreciation/Depletion |
1,897.1 |
1,841.8 |
1,678.3 |
1,493.2 |
1,488.6 |
|
Unusual Items |
-116.9 |
-188.5 |
-593.8 |
168.0 |
2,001.2 |
|
Equity in Net Earnings (Loss) |
-357.5 |
-611.4 |
-233.2 |
-189.8 |
-365.1 |
|
Other Non-Cash Items |
41.9 |
158.0 |
62.9 |
23.0 |
299.2 |
|
Non-Cash Items |
-432.5 |
-641.8 |
-764.0 |
1.2 |
1,935.2 |
|
Accounts Receivable |
574.3 |
-3,693.7 |
-1,791.3 |
-726.3 |
7,080.3 |
|
Inventories |
-1,211.0 |
-1,208.0 |
-1,907.9 |
1,675.4 |
-545.8 |
|
Prepaid Expenses |
76.6 |
511.9 |
315.2 |
5.4 |
-608.8 |
|
Other Assets |
-349.4 |
767.1 |
637.2 |
1,434.8 |
-1,333.5 |
|
Accounts Payable |
62.1 |
3,240.6 |
868.6 |
1,476.9 |
-5,680.0 |
|
Payable/Accrued |
636.4 |
839.8 |
-55.1 |
-199.5 |
1.5 |
|
Other Liabilities |
-401.2 |
63.5 |
-196.9 |
-108.3 |
-674.2 |
|
Other Operating Cash Flow |
-667.8 |
-810.6 |
-735.7 |
-10.9 |
-172.6 |
|
Changes in Working Capital |
-1,280.0 |
-289.4 |
-2,865.8 |
3,547.6 |
-1,933.2 |
|
Cash from Operating Activities |
4,860.9 |
6,974.2 |
3,865.1 |
8,194.1 |
5,477.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-6,965.9 |
-5,230.3 |
-2,668.3 |
-1,963.1 |
-3,793.3 |
|
Capital Expenditures |
-6,965.9 |
-5,230.3 |
-2,668.3 |
-1,963.1 |
-3,793.3 |
|
Acquisition of Business |
-149.9 |
-722.8 |
-414.8 |
- |
- |
|
Sale of Business |
24.9 |
272.9 |
44.9 |
- |
- |
|
Sale of Fixed Assets |
546.0 |
621.0 |
517.7 |
218.6 |
237.5 |
|
Sale/Maturity of Investment |
3,027.5 |
2,067.0 |
4,113.5 |
3,395.3 |
904.9 |
|
Investment, Net |
-51.3 |
-220.8 |
40.6 |
74.6 |
-1,063.8 |
|
Purchase of Investments |
-7,552.0 |
-12,609.3 |
-7,304.6 |
-5,806.1 |
-5,112.9 |
|
Other Investing Cash Flow |
2,051.5 |
1,879.7 |
2,606.7 |
2,590.5 |
1,948.8 |
|
Other Investing Cash Flow Items, Total |
-2,103.4 |
-8,712.2 |
-396.2 |
472.8 |
-3,085.5 |
|
Cash from Investing Activities |
-9,069.2 |
-13,942.5 |
-3,064.5 |
-1,490.2 |
-6,878.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-152.1 |
-75.0 |
-245.4 |
-357.9 |
-250.4 |
|
Financing Cash Flow Items |
-152.1 |
-75.0 |
-245.4 |
-357.9 |
-250.4 |
|
Cash Dividends Paid - Common |
-1,151.0 |
-1,479.2 |
-901.6 |
-583.4 |
-1,078.6 |
|
Total Cash Dividends Paid |
-1,151.0 |
-1,479.2 |
-901.6 |
-583.4 |
-1,078.6 |
|
Sale/Issuance of
Common |
0.0 |
3.5 |
- |
6.7 |
5.3 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
-0.2 |
-0.4 |
|
Common Stock, Net |
4.7 |
11.3 |
- |
6.4 |
4.9 |
|
Issuance (Retirement) of Stock, Net |
4.7 |
11.3 |
- |
6.4 |
4.9 |
|
Short Term Debt, Net |
-1,778.4 |
3,266.1 |
1,484.6 |
-7,840.8 |
3,982.2 |
|
Long Term Debt Issued |
16,696.5 |
12,612.9 |
6,701.4 |
5,569.6 |
8,981.4 |
|
Long Term Debt
Reduction |
-8,778.4 |
-6,749.4 |
-6,143.4 |
-4,921.1 |
-5,165.5 |
|
Long Term Debt, Net |
7,918.1 |
5,863.6 |
558.0 |
648.5 |
3,815.9 |
|
Issuance (Retirement) of Debt, Net |
6,139.8 |
9,129.7 |
2,042.6 |
-7,192.3 |
7,798.2 |
|
Cash from Financing Activities |
4,841.3 |
7,586.7 |
895.6 |
-8,127.2 |
6,474.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
485.5 |
-58.6 |
-200.2 |
151.5 |
-445.8 |
|
Net Change in Cash |
1,118.5 |
559.9 |
1,496.0 |
-1,271.7 |
4,627.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
15,101.2 |
15,308.0 |
12,609.7 |
12,897.8 |
7,465.1 |
|
Net Cash - Ending Balance |
16,219.7 |
15,867.9 |
14,105.8 |
11,626.1 |
12,092.4 |
|
Cash Interest Paid |
503.4 |
517.9 |
479.7 |
591.9 |
845.1 |
|
Cash Taxes Paid |
966.8 |
2,264.3 |
1,628.0 |
1,172.3 |
2,005.5 |
|
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 |
Restated Normal |
Restated Normal |
Restated 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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Product Sales/Manufacturing |
64,803.5 |
62,623.2 |
53,574.6 |
42,690.6 |
54,180.8 |
|
Commissions |
7,135.1 |
7,865.0 |
7,188.4 |
6,166.0 |
6,987.0 |
|
Total Revenue |
71,938.5 |
70,488.2 |
60,763.1 |
48,856.7 |
61,167.8 |
|
|
|
|
|
|
|
|
Cost of goods sold |
59,528.6 |
56,204.5 |
47,344.0 |
37,918.6 |
46,606.8 |
|
Selling Gen.&Admin. |
10,726.2 |
10,767.5 |
9,623.2 |
8,924.5 |
8,613.0 |
|
Allow.Doubt.Act. |
- |
- |
106.7 |
52.6 |
87.4 |
|
Total Operating Expense |
70,254.8 |
66,971.9 |
57,073.8 |
46,895.7 |
55,307.2 |
|
|
|
|
|
|
|
|
Provi Of Allowance For DoubtfulAccounts |
-70.2 |
-82.6 |
- |
- |
- |
|
Interest Income |
448.8 |
489.3 |
386.0 |
405.8 |
588.6 |
|
Interest Expense |
-521.0 |
-529.8 |
-464.2 |
-541.9 |
-820.6 |
|
Dividend Income |
1,742.7 |
1,408.7 |
1,407.4 |
984.7 |
1,240.6 |
|
Mark.Sec. G/L |
411.4 |
278.2 |
623.6 |
2.3 |
-1,551.0 |
|
Fixed Asset G/L |
-294.5 |
-89.7 |
-29.8 |
-170.3 |
-450.2 |
|
Other Loss Gain |
663.3 |
768.3 |
573.9 |
563.4 |
-1,004.4 |
|
Net Income Before Taxes |
4,064.2 |
5,758.6 |
6,186.2 |
3,205.0 |
3,863.6 |
|
|
|
|
|
|
|
|
Total income taxes |
1,367.8 |
2,131.8 |
2,318.6 |
1,272.5 |
1,481.9 |
|
Net Income After Taxes |
2,696.4 |
3,626.8 |
3,867.7 |
1,932.4 |
2,381.7 |
|
|
|
|
|
|
|
|
Minority Int. |
-337.1 |
-335.0 |
-395.4 |
-194.9 |
-305.7 |
|
Equity Gain |
1,979.9 |
2,436.9 |
1,948.9 |
1,219.7 |
1,560.1 |
|
Net Income Before Extra. Items |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,636.0 |
|
Discontinued Operation |
- |
- |
- |
- |
45.5 |
|
Net Income |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,636.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,646.5 |
1,645.4 |
1,643.7 |
1,643.1 |
1,642.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.64 |
3.48 |
3.30 |
1.80 |
2.21 |
|
Basic EPS Including ExtraOrdinary Items |
2.64 |
3.48 |
3.30 |
1.80 |
2.24 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
-0.1 |
|
Diluted Net Income |
4,339.2 |
5,728.7 |
5,421.1 |
2,957.2 |
3,681.4 |
|
Diluted Weighted Average Shares |
1,650.2 |
1,649.1 |
1,648.1 |
1,646.8 |
1,646.0 |
|
Diluted EPS Excluding ExtraOrd Items |
2.63 |
3.47 |
3.29 |
1.80 |
2.21 |
|
Diluted EPS Including ExtraOrd Items |
2.63 |
3.47 |
3.29 |
1.80 |
2.24 |
|
DPS-Ordinary Shares |
0.66 |
0.82 |
0.76 |
0.41 |
0.52 |
|
Gross Dividends - Common Stock |
1,091.8 |
1,355.1 |
1,247.2 |
672.0 |
850.2 |
|
Normalized Income Before Taxes |
4,358.7 |
5,848.4 |
6,216.0 |
3,375.3 |
4,313.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1,466.9 |
2,165.0 |
2,329.7 |
1,340.2 |
1,654.5 |
|
Normalized Income After Taxes |
2,891.8 |
3,683.3 |
3,886.3 |
2,035.1 |
2,659.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
4,534.6 |
5,785.2 |
5,439.8 |
3,059.9 |
3,913.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.75 |
3.52 |
3.31 |
1.86 |
2.38 |
|
Diluted Normalized EPS |
2.75 |
3.51 |
3.30 |
1.86 |
2.38 |
|
Interest Expense |
521.0 |
529.8 |
464.2 |
541.9 |
820.6 |
|
Amort of Intangibles, Supplemental |
- |
- |
- |
174.9 |
170.0 |
|
BC - Depreciation of Fixed Assets |
1,897.1 |
1,841.8 |
- |
- |
- |
|
Amort of Tangible Assets-Current Portion |
- |
- |
1,678.3 |
- |
- |
|
Depreciation |
- |
- |
- |
1,493.2 |
1,488.6 |
|
Advertising Expense, Supplemental |
- |
- |
169.4 |
152.1 |
162.6 |
|
Total Research And Development Expense |
- |
- |
53.0 |
39.4 |
25.9 |
|
Income taxes-current |
1,453.0 |
1,653.4 |
1,967.3 |
- |
- |
|
Current Tax - Total |
1,453.0 |
1,653.4 |
1,967.3 |
- |
- |
|
Deferred Taxes |
-85.2 |
478.5 |
351.2 |
- |
- |
|
Deferred Tax - Total |
-85.2 |
478.5 |
351.2 |
- |
- |
|
Income Tax - Total |
1,367.8 |
2,131.8 |
2,318.6 |
- |
- |
|
Reported operating profit |
1,613.5 |
3,433.6 |
3,689.3 |
1,961.0 |
5,860.6 |
|
Service cost |
153.2 |
157.3 |
142.7 |
123.4 |
121.5 |
|
Interest cost |
131.0 |
137.3 |
128.8 |
126.6 |
122.7 |
|
Expected return on plan asset |
-97.1 |
-94.8 |
-84.3 |
-51.6 |
-91.6 |
|
Actuarial G/L |
85.9 |
100.1 |
88.3 |
113.6 |
30.1 |
|
Prior service cost |
5.6 |
5.0 |
4.3 |
4.0 |
3.8 |
|
Liquidation loss |
10.1 |
13.1 |
11.7 |
8.8 |
17.9 |
|
Domestic Pension Plan Expense |
288.7 |
317.8 |
291.5 |
324.8 |
204.4 |
|
Total Pension Expense |
288.7 |
317.8 |
291.5 |
324.8 |
204.4 |
|
Discount rate |
2.60% |
2.70% |
2.70% |
3.10% |
3.10% |
|
Compensation rate |
2.60% |
2.50% |
2.60% |
2.60% |
2.60% |
|
Plan asset expected rate of return |
2.50% |
2.50% |
2.60% |
2.10% |
3.40% |
|
|
|
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 |
Restated Normal |
Restated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Deposits |
14,303.1 |
15,208.4 |
14,584.2 |
11,564.0 |
12,302.3 |
|
Time Deposit |
1,314.2 |
1,408.3 |
1,224.8 |
1,134.4 |
1,144.4 |
|
ST Operating Assets |
285.7 |
234.6 |
514.5 |
596.7 |
608.1 |
|
Short-term loans receivable |
4,839.8 |
4,729.9 |
5,430.0 |
- |
- |
|
Note & Loan Receivable |
3,632.9 |
4,407.7 |
3,972.2 |
7,822.1 |
4,977.0 |
|
Account & Other Receivable |
26,629.4 |
28,887.4 |
25,740.8 |
21,605.6 |
22,132.7 |
|
Claim to Affili. |
3,062.1 |
3,040.2 |
2,784.9 |
2,071.8 |
1,643.2 |
|
Doubtful Acct. |
-307.3 |
-289.0 |
-287.6 |
-323.4 |
-293.9 |
|
Inventories |
12,778.3 |
11,713.9 |
11,711.8 |
9,080.1 |
10,184.6 |
|
Prepaid Acct. |
1,544.0 |
1,915.6 |
1,990.1 |
1,569.8 |
1,379.7 |
|
Deferred tax assets |
660.4 |
555.7 |
709.0 |
478.0 |
640.9 |
|
Disp. of Fixed Assets |
- |
- |
- |
- |
0.0 |
|
Other |
3,808.9 |
3,143.2 |
3,939.5 |
3,170.1 |
4,022.9 |
|
Total Current Assets |
72,551.4 |
74,956.0 |
72,314.1 |
58,769.2 |
58,741.7 |
|
|
|
|
|
|
|
|
Inv't & other claim-affiliated |
27,146.4 |
25,465.4 |
16,123.1 |
13,255.2 |
10,988.7 |
|
Rounding adjustment Assets |
- |
- |
0.0 |
- |
- |
|
Other |
15,916.1 |
17,170.3 |
17,270.3 |
17,459.1 |
15,423.3 |
|
Note&Loan Rcvbl. |
7,055.9 |
6,672.4 |
6,166.8 |
5,692.0 |
5,518.8 |
|
Real Estate for investment |
333.7 |
756.1 |
0.0 |
- |
- |
|
Doubtful Acct. |
-313.8 |
-370.3 |
-367.7 |
-352.5 |
-340.7 |
|
Real Estate For Sale |
478.0 |
1,092.5 |
- |
- |
- |
|
Real Estate for Sale |
- |
- |
837.3 |
1,142.4 |
1,067.6 |
|
Land |
3,698.8 |
4,075.1 |
3,884.3 |
3,053.6 |
2,971.1 |
|
Buildings |
9,653.5 |
9,643.7 |
9,414.9 |
7,979.1 |
6,881.8 |
|
Machinery&Equip. |
11,717.4 |
11,707.2 |
11,084.6 |
9,462.4 |
8,119.8 |
|
Airplane/Ship |
6,840.3 |
5,769.0 |
5,229.8 |
4,766.2 |
4,423.0 |
|
Mineral Properties |
4,880.2 |
4,784.9 |
4,147.2 |
3,829.5 |
2,832.0 |
|
Const.Progress |
4,742.5 |
2,563.0 |
1,340.8 |
725.1 |
606.0 |
|
Depriciation |
-15,573.3 |
-15,712.3 |
-14,995.3 |
-12,801.1 |
-10,935.2 |
|
Goodwill |
646.8 |
734.3 |
593.7 |
517.6 |
496.3 |
|
Total intangible assets |
1,311.5 |
1,299.8 |
929.9 |
777.3 |
743.0 |
|
Other Asset |
2,075.2 |
2,190.8 |
2,039.3 |
1,915.6 |
3,002.3 |
|
Total Assets |
153,160.7 |
152,798.0 |
136,013.2 |
116,190.6 |
110,539.7 |
|
|
|
|
|
|
|
|
Short-term loans payable |
8,502.4 |
10,759.6 |
7,925.6 |
5,939.7 |
10,518.6 |
|
Current portion of long-term loans payab |
6,281.1 |
5,282.7 |
5,654.9 |
4,369.5 |
4,325.5 |
|
Notes payable-trade |
2,125.2 |
2,501.0 |
1,996.6 |
1,625.7 |
1,583.4 |
|
Acct. Payable |
23,701.9 |
25,589.1 |
22,682.9 |
19,957.3 |
18,353.7 |
|
Affiliate Debt |
2,416.4 |
2,258.8 |
1,678.8 |
1,379.4 |
872.2 |
|
Cust. Advance |
1,449.9 |
1,951.7 |
1,963.5 |
1,603.7 |
1,517.3 |
|
Tax Payable |
598.9 |
392.8 |
775.7 |
438.7 |
429.2 |
|
Accrd. Expense |
1,348.4 |
1,442.9 |
1,334.4 |
1,111.3 |
1,098.0 |
|
Disp. Liabilities |
- |
- |
- |
- |
0.0 |
|
Other |
3,827.7 |
4,029.5 |
4,024.6 |
3,294.1 |
3,713.0 |
|
Total Current Liabilities |
50,251.7 |
54,208.2 |
48,036.9 |
39,719.5 |
42,411.1 |
|
|
|
|
|
|
|
|
LT Borrowings |
47,813.3 |
45,640.4 |
38,474.3 |
34,739.2 |
35,109.5 |
|
Total Long Term Debt |
47,813.3 |
45,640.4 |
38,474.3 |
34,739.2 |
35,109.5 |
|
|
|
|
|
|
|
|
Pension & Accured Retire |
613.3 |
623.2 |
587.1 |
583.6 |
862.4 |
|
Dfrd. Tax Liab. |
2,812.4 |
2,416.1 |
2,315.3 |
2,166.2 |
1,086.1 |
|
Other |
3,247.0 |
3,460.3 |
3,767.3 |
4,000.3 |
3,850.3 |
|
Equity Minority Interests |
4,000.0 |
3,871.5 |
3,820.0 |
- |
- |
|
Minority Int. |
- |
- |
- |
3,276.7 |
3,089.6 |
|
Total Liabilities |
108,737.6 |
110,219.8 |
97,000.9 |
84,485.5 |
86,409.0 |
|
|
|
|
|
|
|
|
Foreign Currency Translation Adjustment |
-959.4 |
-5,176.3 |
- |
- |
- |
|
Unrealized G on val. of Sec |
3,246.4 |
2,796.2 |
2,857.0 |
- |
- |
|
Common Stock |
2,172.9 |
2,481.6 |
2,456.5 |
2,175.0 |
2,053.4 |
|
Paid in Capital |
2,792.1 |
3,180.6 |
3,094.8 |
2,719.8 |
2,650.9 |
|
Legal Reserve |
477.6 |
535.7 |
526.9 |
462.2 |
426.6 |
|
Other Retained Earnings |
37,869.2 |
40,062.8 |
- |
- |
- |
|
Accumulated Other Comprehensive Income |
- |
- |
37,347.3 |
28,960.7 |
25,183.8 |
|
Accu Amount Of Other Compre Income |
-50.7 |
-102.4 |
- |
- |
- |
|
Unrealized G/L on Val. of Derivative |
- |
- |
293.8 |
3,214.0 |
1,484.6 |
|
Pension Adjustment For Defined Payment |
-934.1 |
-950.4 |
- |
127.6 |
-237.6 |
|
Pension Adj. |
- |
- |
-959.9 |
-860.3 |
-1,027.8 |
|
Foreign Currency Translation Adjustment |
- |
- |
-4,774.6 |
-3,471.7 |
-4,869.0 |
|
Treas. Stock |
-191.0 |
-249.6 |
-1,829.8 |
-1,622.1 |
-1,534.4 |
|
Total Equity |
44,423.0 |
42,578.2 |
39,012.3 |
31,705.1 |
24,130.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
153,160.7 |
152,798.0 |
136,013.2 |
116,190.6 |
110,539.7 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
1,647.2 |
1,646.2 |
1,644.1 |
1,643.5 |
1,642.9 |
|
Total Common Shares Outstanding |
1,647.2 |
1,646.2 |
1,644.1 |
1,643.5 |
1,642.9 |
|
T/S-Ordinary Shares |
6.3 |
7.3 |
53.2 |
53.2 |
53.1 |
|
Deferred Revenue - Current |
1,449.9 |
1,951.7 |
1,963.5 |
1,603.7 |
1,517.3 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
1,268.5 |
1,033.4 |
893.9 |
|
Full-Time Employees |
65,975 |
63,058 |
58,470 |
58,583 |
60,095 |
|
Total Number of Shareholders |
332,187 |
298,301 |
253,316 |
- |
- |
|
Number of Common Shareholders |
- |
- |
- |
233,034 |
281,707 |
|
Capital Lease Maturing within a Year |
141.0 |
147.3 |
161.9 |
- |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
122.2 |
124.7 |
127.6 |
- |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
90.3 |
103.2 |
99.1 |
- |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
67.8 |
76.7 |
81.3 |
- |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
48.9 |
53.8 |
54.3 |
- |
- |
|
Capital Lease Remaining |
162.5 |
210.0 |
242.1 |
- |
- |
|
Total Capital Leases, Supplemental |
632.7 |
715.8 |
766.3 |
- |
- |
|
Operating Lease Maturing within a Year |
564.5 |
615.1 |
518.6 |
- |
- |
|
Operating Lease Maturing over a Year wit |
355.2 |
409.0 |
391.7 |
- |
- |
|
Operating Lease Maturing over 2 Year wit |
316.7 |
307.0 |
330.1 |
- |
- |
|
Operating Lease Maturing over 3 Year wit |
281.7 |
285.5 |
275.5 |
- |
- |
|
Operating Lease Maturing over 4 Year wit |
237.1 |
261.5 |
260.9 |
- |
- |
|
Operating Lease Remaining |
781.5 |
961.6 |
1,089.7 |
- |
- |
|
Total Operating Leases, Supplemental |
2,536.6 |
2,839.8 |
2,866.6 |
- |
- |
|
Pension obligation |
5,471.8 |
5,440.9 |
5,286.6 |
4,701.4 |
4,170.8 |
|
Fair value of plan asset |
5,143.4 |
5,188.9 |
5,018.2 |
4,370.7 |
3,432.8 |
|
Funded status |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
Total Funded Status |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
Discount rate |
1.80% |
2.60% |
2.70% |
2.70% |
3.10% |
|
Compensation rate |
2.60% |
2.60% |
2.50% |
2.60% |
2.60% |
|
Prepaid pension |
265.7 |
356.3 |
298.4 |
223.8 |
90.5 |
|
Accrued payable |
-12.2 |
-11.6 |
-12.3 |
-7.3 |
-11.9 |
|
Pension liability |
-581.8 |
-596.7 |
-554.4 |
-547.2 |
-816.6 |
|
Net Assets Recognized on Balance Sheet |
-328.3 |
-252.0 |
-268.4 |
-330.7 |
-738.0 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated 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 |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net income |
4,676.3 |
6,063.7 |
5,816.5 |
3,152.1 |
3,987.3 |
|
Depreciation |
1,897.1 |
1,841.8 |
1,678.3 |
1,493.2 |
1,488.6 |
|
Provi Of Allowance For Doubtful Accounts |
70.2 |
82.6 |
106.7 |
52.6 |
87.4 |
|
Retirement Expense |
-28.4 |
75.4 |
-43.7 |
-29.6 |
211.8 |
|
G/L Mark.Sec. |
-411.4 |
-278.2 |
-623.6 |
-2.3 |
1,551.0 |
|
G/L Fixed Asset Sold |
294.5 |
89.7 |
29.8 |
170.3 |
450.2 |
|
Equity G/L |
-357.5 |
-611.4 |
-233.2 |
-189.8 |
-365.1 |
|
Deferred Tax |
-85.2 |
478.5 |
351.2 |
62.4 |
-376.6 |
|
ST Investment |
7.7 |
-4.6 |
-1.5 |
161.7 |
200.7 |
|
Acct. Rcvbl. |
780.5 |
-3,615.3 |
-1,918.1 |
-169.9 |
6,846.6 |
|
Inventories |
-1,211.0 |
-1,208.0 |
-1,907.9 |
1,675.4 |
-545.8 |
|
Acct. Payable |
62.1 |
3,240.6 |
868.6 |
1,476.9 |
-5,680.0 |
|
Prepayment |
76.6 |
511.9 |
315.2 |
5.4 |
-608.8 |
|
Cust. Advance |
-232.1 |
-489.4 |
-470.0 |
-164.1 |
641.7 |
|
Other Receivable |
-206.2 |
-78.4 |
126.8 |
-556.3 |
233.7 |
|
Other Payable |
639.2 |
729.4 |
-184.0 |
-228.9 |
-17.6 |
|
Accrd. Expense |
-2.8 |
110.5 |
128.9 |
29.4 |
19.1 |
|
Other Curr.Asset |
-272.0 |
293.2 |
287.4 |
1,210.7 |
-1,157.6 |
|
Other Curr.Liabl. |
-26.9 |
397.5 |
266.1 |
-164.6 |
-1,166.6 |
|
Other LT Liabl. |
-142.2 |
155.4 |
7.0 |
220.3 |
-149.3 |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Other |
-667.8 |
-810.6 |
-735.7 |
-10.9 |
-172.6 |
|
Cash from Operating Activities |
4,860.9 |
6,974.2 |
3,865.1 |
8,194.1 |
5,477.9 |
|
|
|
|
|
|
|
|
Sales of Investment Securities |
790.7 |
263.8 |
584.3 |
- |
- |
|
Capital Expenditure |
-6,965.9 |
-5,230.3 |
-2,668.3 |
-1,963.1 |
-3,793.3 |
|
Fixed Asset Sold |
546.0 |
621.0 |
517.7 |
218.6 |
237.5 |
|
Inv.Affilia. Loans Made |
-4,924.1 |
-10,672.6 |
-1,239.5 |
-1,210.1 |
-2,143.2 |
|
Inv.Affil. Loans Collect. |
1,977.3 |
1,103.4 |
451.5 |
534.4 |
498.5 |
|
Mark.Sec.Bought.-pur. |
-238.5 |
-434.0 |
-2,826.4 |
-1,977.7 |
-837.5 |
|
Mark.Sec.Sold/redemption |
259.6 |
699.9 |
3,077.8 |
2,860.9 |
406.3 |
|
Payments for Transfer of Business |
-149.9 |
-722.8 |
-414.8 |
- |
- |
|
Proceeds from Transfer of Business |
24.9 |
272.9 |
44.9 |
- |
- |
|
Purch. mark. available & Other Inv. |
-735.5 |
-1,392.5 |
-566.1 |
-643.7 |
-618.5 |
|
Sale/redem. mark. available & Other Inv. |
997.2 |
1,209.4 |
764.1 |
1,104.3 |
414.8 |
|
Loans Made |
-2,389.4 |
-1,502.6 |
-3,238.7 |
-2,618.4 |
-2,132.2 |
|
Loans Collected |
1,789.8 |
2,062.9 |
2,408.6 |
2,129.9 |
2,152.5 |
|
Time Deposit, Net |
-51.3 |
-220.8 |
40.6 |
74.6 |
-1,063.8 |
|
Cash from Investing Activities |
-9,069.2 |
-13,942.5 |
-3,064.5 |
-1,490.2 |
-6,878.8 |
|
|
|
|
|
|
|
|
ST Debt, Net |
-1,778.4 |
3,266.1 |
1,484.6 |
-7,840.8 |
3,982.2 |
|
LT Debt Proceed |
16,696.5 |
12,612.9 |
6,701.4 |
5,569.6 |
8,981.4 |
|
LT Debt Repaid |
-8,778.4 |
-6,749.4 |
-6,143.4 |
-4,921.1 |
-5,165.5 |
|
New stock Issued /Stock Option |
0.0 |
3.5 |
- |
6.7 |
5.3 |
|
Dividend Paid |
-1,151.0 |
-1,479.2 |
-901.6 |
-583.4 |
-1,078.6 |
|
Div. paid to min. shareholders from sub. |
-175.8 |
-264.3 |
-245.6 |
-148.6 |
-250.4 |
|
Purch subsid. equity(minority interest) |
-10.8 |
-30.9 |
-77.3 |
-209.2 |
0.0 |
|
Sale subsid. equity minority interest |
34.4 |
220.2 |
72.0 |
0.0 |
- |
|
Purch. of Trea. stock |
- |
- |
- |
-0.2 |
-0.4 |
|
Other |
- |
- |
5.5 |
- |
- |
|
Treasury Stock |
4.7 |
7.8 |
- |
- |
- |
|
Cash from Financing Activities |
4,841.3 |
7,586.7 |
895.6 |
-8,127.2 |
6,474.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
485.5 |
-58.6 |
-200.2 |
151.5 |
-445.8 |
|
Net Change in Cash |
1,118.5 |
559.9 |
1,496.0 |
-1,271.7 |
4,627.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
15,101.2 |
15,308.0 |
12,609.7 |
12,897.8 |
7,465.1 |
|
Net Cash - Ending Balance |
16,219.7 |
15,867.9 |
14,105.8 |
11,626.1 |
12,092.4 |
|
Cash Interest Paid |
503.4 |
517.9 |
479.7 |
591.9 |
845.1 |
|
Cash Taxes Paid |
966.8 |
2,264.3 |
1,628.0 |
1,172.3 |
2,005.5 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.89 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)