MIRA
INFORM REPORT
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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
KONICA MINOLTA INC |
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Formerly Known as: |
Konica Minolta Holdings Inc |
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Registered Office : |
14f, Jp Tower, 2-7-2,
Marunouchi, Chiyoda-Ku, 100-7015 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
22.12.1936 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in Information Equipment, Optics & Healthcare segment |
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No. of Employees : |
38206 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic,
mastery of high technology, and a comparatively small defense allocation (1% of
GDP) helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending
helped the economy recover in late 2009 and 2010, but the economy contracted
again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami
in March disrupted manufacturing. The economy has largely recovered in the two
years since the disaster, but reconstruction in the Tohoku region has been
uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
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Source : CIA |
Company name & address
Konica Minolta Inc
14F, JP TOWER
2-7-2, Marunouchi
Chiyoda-Ku, 100-7015
Japan
Tel: 81-3-62502111
Fax: 81-332181368
Synthesis
Employees: 38,206
Company Type: Public Parent
Corporate Family: 351
Companies
Traded: Tokyo Stock Exchange: 4902
Over The Counter: KNCAY
Incorporation Date: 22-Dec-1936
Auditor: KPMG AZSA LLC
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2013
Reporting Currency: Japanese
Yen
Annual Sales: 9,799.5 1
Net Income: 182.3
Total Assets: 9,996.5 2
Market Value: 3,847.8 (14-Jun-2013)
Business Description
KONICA MINOLTA, INC., formerly Konica Minolta Holdings Inc, is a Japan-based company. The Company operates four business segments through its subsidiaries and associated companies. The Information Equipment segment manufactures and sells multifunction printers (MFPs), printers and related materials. This segment also provides solution services. The Optics segment manufactures and sells optical devices and electronic materials. The Healthcare segment manufactures and sells health care equipment and materials. The Others segment is engaged in the measurement equipment and industrial inject related businesses. As of March 31, 2012, the Company had 108 subsidiaries and four associated companies. On April 1, 2012, it transferred its LA business promotion office business to its subsidiary. On April 1, 2013, it merged with its seven subsidiaries. For the fiscal year ended 31 March 2013, Konica Minolta Inc revenues increased 6% to Y813.07B. Net income applicable to common stockholders decreased 26% to Y15.12B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by SP Impairment Loss increase from Y893M to Y2.9B (expense), NOP Other Expenses increase of 18% to Y6.98B (expense).
Industry
Industry Photography
ANZSIC 2006: 2411 -
Photographic, Optical and Ophthalmic Equipment Manufacturing
NACE 2002: 3340 - Manufacture
of optical instruments and photographic equipment
NAICS 2002: 333315 -
Photographic and Photocopying Equipment Manufacturing
UK SIC 2003: 33403 -
Manufacture of photographic and cinematographic equipment
UK SIC 2007: 26702 - Manufacture
of photographic and cinematographic equipment
US SIC 1987: 3861 -
Photographic Equipment and Supplies
Key Executives
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Name |
Title |
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Masatoshi Matsuzaki |
Representative Executive Officer, President, Director |
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Tsukasa Wakashima |
Executive Officer, Director of Human Resources |
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Daiken Nakao |
Leader of Accounting Group in Accounting Unit |
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Yoshikatsu Ota |
Chairman of the Board |
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Yoshiaki Ando |
Managing Executive Officer, Director |
Significant Developments
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* number of significant developments within the last 12 months
Financial Summary
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855
Corporate Overview
Location
14F, JP TOWER
2-7-2, Marunouchi
Chiyoda-Ku, 100-7015
Japan
Tel: 81-3-62502111
Fax: 81-332181368
Quote Symbol - Exchange
4902 - Tokyo Stock
Exchange
Sales JPY(mil): 813,073.0
Assets JPY(mil): 940,553.0
Employees: 38,206
Fiscal Year End: 31-Mar-2013
Industry: Photography
Incorporation Date: 22-Dec-1936
Company Type: Public Parent
Quoted Status: Quoted
Previous Name: Konica Corporation
Representative
Executive Officer, President, Director:
Masatoshi Matsuzaki
Industry Codes
ANZSIC 2006 Codes:
2411 - Photographic, Optical and Ophthalmic Equipment
Manufacturing
2421 - Computer and Electronic Office Equipment Manufacturing
5309 - Other Warehousing and Storage Services
2419 - Other Professional and Scientific Equipment Manufacturing
6720 - Real Estate Services
2412 - Medical and Surgical Equipment Manufacturing
NACE 2002 Codes:
3340 - Manufacture of optical instruments and photographic
equipment
7031 - Real estate agencies
6312 - Storage and warehousing
3001 - Manufacture of office machinery
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
NAICS 2002 Codes:
333315 - Photographic and Photocopying Equipment Manufacturing
531210 - Offices of Real Estate Agents and Brokers
334517 - Irradiation Apparatus Manufacturing
333314 - Optical Instrument and Lens Manufacturing
333313 - Office Machinery Manufacturing
531130 - Lessors of Miniwarehouses and Self-Storage Units
US SIC 1987:
3861 - Photographic Equipment and Supplies
3579 - Office Machines, Not Elsewhere Classified
3827 - Optical Instruments and Lenses
3844 - X-Ray Apparatus and Tubes and Related Irradiation Apparatus
6531 - Real Estate Agents and Managers
4225 - General Warehousing and Storage
UK SIC 2003:
33403 - Manufacture of photographic and cinematographic equipment
7031 - Real estate agencies
63129 - Other storage and warehousing not elsewhere classified
3310 - Manufacture of medical and surgical equipment and
orthopaedic appliances
33402 - Manufacture of optical precision instruments
3001 - Manufacture of office machinery
UK SIC 2007:
26702 - Manufacture of photographic and cinematographic equipment
6831 - Real estate agencies
2823 - Manufacture of office machinery and equipment (except
computers and peripheral equipment)
52103 - Operation of warehousing and storage facilities for land
transport activities of division 49
3250 - Manufacture of medical and dental instruments and supplies
26701 - Manufacture of optical precision instruments
Business
Description
KONICA MINOLTA,
INC., formerly Konica Minolta Holdings Inc, is a Japan-based company. The
Company operates four business segments through its subsidiaries and associated
companies. The Information Equipment segment manufactures and sells
multifunction printers (MFPs), printers and related materials. This segment
also provides solution services. The Optics segment manufactures and sells
optical devices and electronic materials. The Healthcare segment manufactures
and sells health care equipment and materials. The Others segment is engaged in
the measurement equipment and industrial inject related businesses. As of March
31, 2012, the Company had 108 subsidiaries and four associated companies. On
April 1, 2012, it transferred its LA business promotion office business to its
subsidiary. On April 1, 2013, it merged with its seven subsidiaries. For the
fiscal year ended 31 March 2013, Konica Minolta Inc revenues increased 6% to
Y813.07B. Net income applicable to common stockholders decreased 26% to
Y15.12B. Revenues reflect an increase in demand for the Company's products and
services due to favorable market conditions. Net income was offset by SP
Impairment Loss increase from Y893M to Y2.9B (expense), NOP Other Expenses
increase of 18% to Y6.98B (expense).
More Business Descriptions
Konica Minolta
Holdings Inc. is a Japanese manufacturer. The Company's operating segments
include Business Technologies, engaged in the manufacture of copy machines and
printers; Optics, engaged in the production of optical devices and electronic
materials, Photo Imaging, manufacturing photographic film and materials,
ink-jet products and cameras, Medical and Graphic Imaging, engaged in the
production of x-ray or graphic film and equipment for medical or graphic use,
and Sensing, engaged in the manufacture of industrial or medical measurement
instruments. The Others segment is engaged in the provision of business support
services, the warehouse and delivery businesses, the management of real estate,
the construction of facilities, the development of systems and the manufacture,
sale and installation of planetariums, among others.
In March 2006, a
portion of the camera production assets related to the development, design and
production of digital single lens reflex (SLR) cameras was transferred to Sony
Corporation. As a result, the Company ceased camera-related operations at the
end of March 2006. In addition, minilab business activities were also
discontinued in March 2006.
The Company
competes with Canon, Xerox, Ricoh and HP
Holding company of
a group involved in the manufacture of photographic film and photosensitive
materials, photofinishing equipment, chemicals and systems; cameras and optical
products; plain paper and full colour copiers and facsimile machines; medical
imaging films, laser imagers and imaging cameras; plate-making film,
type-setting paper, PS plates, colour proofing systems and imaging processing
systems; videotapes and floppy discs
Holding Company
Konica Minolta
Holding’s Inc. (Konica Minolta) is a technology company offering a range of
multi-functional peripherals, laser printers, pickup lenses, objective lenses,
glass substrates, and diagnostic imaging systems. The company divides its
offerings into three segments, namely, Business Technologies, Optics and
Healthcare. The Business Technologies segment manufactures and sells
Multi-functional peripherals, laser printers, production printing equipment and
related solution services. The segment carries out its operations in two
sub-segments, namely, Office segment and Production print segment. Office
segment manufactures and sells office equipments such as A3 multi-functional
peripherals and A4 multi-functional peripherals based on laser printers. Production
print segment provides in-house printing, copying and data print outs. It also
manufactures and sells equipments for production print systems and graphic arts
and solution services in the digital and commercial printing field. The segment
has its presence in Japan, the US, Europe and other regions. For the fiscal
year ended March 2012, the segment generated JPY547,576m accounting for 71.3%
of the company’s total revenues. The Optics Business offers products in the
areas of image output/input components, display materials and memory devices.
The segment is operated through Konica Minolta Optics, Inc. which develops TAC
film for VA-TAC film and LCD Polarizers for increased viewing angle in
televisions, computers and mobile phones. The segment also offers pickup lenses
for optical discs such as Blu-ray and DVD drives for computers and AV
equipments; glass substrates for Hard Disk Drives; and lens unit for digital
cameras, and mobile phones with built-in cameras. For the fiscal year ended
March 2012, the segment generated JPY24,313m, accounting for 16.2% of the
company’s total revenues. The Healthcare business includes manufacturing and
selling of diagnostic imaging systems such as high resolution digital X-Ray
readers, digital radiography systems, and small computed radiography (CR)
systems. For the fiscal year ended March 2012, the segment generated
JPY73,046m, accounting for 9.5% of the company’s total revenues.The company
also carries out Sensing Business and Industrial Inkjet Business which are
reported under Other businesses. In Sensing Business, Konica Minolta provides
products for precise measurements, contributing to manufacturing and quality
control. It provides industrial meters, which are used as standard reference
instruments for product color management and display quality control by a
variety of industries. Konica Minolta’s Industrial Inkjet Business offers
products, proprietary materials and processing technologies including
high-performance printheads, multi-function inks, print units for label
printing, and textile printing systems to industrial inkjet printing markets.
For the fiscal year ended March 2012, the Other businesses generated
JPY22,943m, accounting for 3% of the company’s total revenue. Geographically,
the company reports its revenues from five regions, namely, Japan, the US,
Europe, Asia, and Others. For the fiscal year ended March 2012, Japan region contributed
28% of the company’s total revenues followed by Europe (27.5%), the US
(19.5%), Asia (16.9%) and Others (8.2%). In January 2013, the company through
its subsidiary Konica Minolta Business Solutions Deutschland GmbH (KMBD) signed
a share purchase agreement with Raber+Marcker GmbH, a software and system
company for integrated IT solutions. In December 2012, Konica Minolta Optics,
Inc., acquired Instrument Systems GmbH, a German lighting measurement equipment
manufacturer. In November 2012, the company signed an agreement to acquire
Charterhouse PM Limited, a European marketing services production company in
Hatfield, UK. In October 2012, the company’s seven models color MFP bizhub
series, PageScope Mobile for iPhone / iPad / Android and the Konica Minolta
Planetarium Tenku have been awarded with The Good Design Awards 2012, organized
by Japan Institute of Design Promotion (JDP).
Konica Minolta
Holdings, Inc. (Konica Minolta) is a provider of business technologies, optics,
photo imaging, medical sensing products and measuring instruments. The company
operates as a holding company for the group and divides its business offerings
in three reportable segments, namely, Business Technologies, Optics and
Healthcare. The product portfolio of the company includes multi-function
peripherals, laser printers, pickup lenses, objective lenses, glass substrates,
and diagnostic imaging systems. The company operates through consolidated and
non-consolidated subsidiaries and affiliates in more than 38 countries in Americas,
Asia-Pacific, Europe and Middle East, and Africa. Konica Minolta is
headquartered in Tokyo, Japan.The company focuses on thoughtfully designed
innovations, based on extensive consumer insight, to meet the needs of experts
and professionals. Konica Minolta envisages establishing its position through
the development of innovative products and services and enhancement of existing
ones, internal development, strong partner relationships, strategic
collaborations and acquisitions.The company reported revenues of (Yen) JPY
767,879.00 million during the fiscal year ended March 2012, a decrease of 1.29%
from 2011. The operating profit of the company was JPY 39,488.00 million during
the fiscal year 2012, an increase of 16.16% over 2011. The net profit of the company
was JPY 20,425.00 million during the fiscal year 2012, a decrease of 21.14%
from 2011.
Photography Equipment
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Strategic Initiatives
Partnerships
to strengthen the in-house printing field in Japan. We also acquired ten
IT service providers in Europe and the United States as part of our efforts to
expand our operations and capabilities in the IT services business. As these
results show, it has been a favorable year, in which we not only achieved
organic growth, but also enhanced our foundation for future growth through
strategic alliances and M&A. This reaffirms my conviction that the basic
policies of our strategy are on the right track. FY March 2013 is the middle
year of G PLAN 2013. In addition to our ongoing efforts to make further headway
in the production print field, which is a growth driver, we will work for
further growth by prioritizing business expansion in emerging economies, which
remained somewhat of an issue in FY March 2012, and the expansion of our IT
service business operations.
Sales and Distribution
In 2010, the sales
of home improvement products in China hit 1.1 trillion Yuan, up 22%, according
to the China Building Materials Circulation Association. The company could
leverage its established presence in the emerging economies such as China to
benefit from the market potential.Inorganic Growth strategyInorganic growth
strategies generally help companies enhance value for their shareholders. The
company continues to view acquisitions as a critical part of its growth
strategy. These acquisitions help supplement Konica Minolta’s core growth and
assure expansion of its business, including new technologies, products, and
regions. In January 2013, the company through its subsidiary Konica Minolta
Business Solutions Deutschland GmbH (KMBD) signed a share purchase agreement
with Raber+Marcker GmbH, a software and system company for integrated IT
solutions.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
Konica Minolta
Holding’s Inc. (Konica Minolta) is a diversified company that develops
products in the fields of office equipment, optical equipment, medical and
graphical imaging technologies, sensing technologies and industrial inkjet
technologies. The company’s diversified product portfolio and geographic
presence ensures that it remains shielded from risks arising out of limited
geographical presence. It has completed various acquisitions to strengthen its
business operations. However, its declining efficiency might harm the company.
Konica Minolta also faces the risk of substitute products and more innovative
products developed by its competitor companies.
Strengths
Diversified Product Portfolio
The company
provides a wide range of products in Business Technologies, Industrial
Business, and Healthcare Business. A diverse product portfolio ensures that the
company is in a position to withstand any market specific downturn. Konica
Minolta is a provider of business technologies, optics, photo imaging, medical
sensing products and measuring instruments. The company divides its offerings
into three segments, namely, Business Technologies, Optics and Healthcare. Its
Business Technologies segment manufactures and sells Multi-functional
peripherals, laser printers, production printing equipment and related solution
services. The Optics Business of Konica Minolta offers products in the areas of
image output/input components, display materials and memory devices. The
company’s Healthcare business includes manufacturing and selling of
diagnostic imaging systems such as high resolution digital X-Ray readers,
digital radiography systems, and small computed radiography (CR) systems.
Further it also carries out Sensing Business and Industrial Inkjet Business. In
Sensing Business, the company provides products for precise measurements, and
its Industrial Inkjet Business offers products including high-performance
printheads, multi-function inks, print units for label printing, and textile
printing systems to industrial inkjet printing markets.Such diversified product
offerings help the company reduce the impact of market volatility in any
particular product line and provide economic stability.
Wide Geographical Presence
A wide
geographical presence of the group mitigates the risks associated with
overdependence on a single geographical region and enables it to generate
higher revenues through a balanced presence. Konica Minolta is principally
based in Japan and has its presence in 38 countries spread across Americas,
Asia-Pacific, Europe and Middle East, and Africa. The company operates through
92 consolidated and 16 non-consolidated subsidiaries and 4 affiliates. The
company operates through geographical segments, namely, Japan, the US, Europe,
Asia, and Others. For the fiscal year ended March 2012, Japan region
contributed 28% of the company’s total revenues followed by Europe (27.5%),
the US (19.5%), Asia (16.9%) and Others (8.2%). This diversified geographic
presence of the group helps it to cater to the needs of its larger base of
customers in turn giving the group a competitive edge as well as fueling its
revenue growth and profitability in future.
Focused Research
and Development
Konica Minolta capitalizes
on its extensive network of research & development activities to enhance
its offerings. The OLED, Organic EL (Electro-Luminescence), technology of the
company for light emission is being used in mobile phone displays (as of now)
and is touted to be successful in LCD and Plasma in the next generation slim
TVs. The company has also developed third technology called the Induction Heat
Fusing Technology which has reduced the power consumption in multi-functional
peripherals and copiers. Konica Minolta is working on more such technologies
for enhancing the value of its products. Moreover the company marks its
presence in the market by developing enhanced versions of its imaging
technologies. It makes use of four of its proprietary technologies, which were
the results of its R&D efforts, for the development of its products. It
holds 12 proprietary technologies including four in material field, four in
imaging field, two in ‘nano’ fabrication field and two in optics fields.
Its image processing and system designing technology principally focuses on
various markets like medical, information, sensing and industrial sectors such
that usability, image quality and processing speed is improved. The company
spent JPY72,530m, JPY72,617m, and JPY68,475m in 2012, 2011 and 2010
respectively, for its R&D activities. Konica is maintaining a strong patent
portfolio across all its business segments. The major strategy behind the
patent portfolio is to prioritize technologies for expansion. The Konica’s
intellectual property activities were handled by the Intellectual Property
Center. The center helps in monitoring the establishment of intellectual
property across each business. As of March 31, 2012, the Group possessed rights
to 8,981 patents in Japan and 5,763 patents in the US. The strong patent
portfolio and robust research and development activities helps the group to
develop the innovative product and can deal the liability claims. The
intellectual property rights help the group to control the generic versions of its
products in the market.
Weaknesses
Declining Efficiency
Konica Minolta has
been reporting a consistent decline in its top line while the cost as a
percentage of sales has been constant which shows the company’s poor resource
management. The decline in sales has been reported at 15.12% in 2010, 3.2% in
2011, and 1.295 in 2012 while the operating cost as a percentage of sales was
94.91% in 2010, 95.30% in 2011 and 94.85% in 2012. This indicated inefficiency
of resources. The efficiency ratios of the company for the year also reflected
a decline. The inventory turnover decline to 3.92 from 4.22, current asset
turnover declined to 1.35 from 1.55, capital employed turnover declined to 1.76
from 1.81, and working capital turnover declined to 2.27 from 2.99. Weak
efficiency ratios would have adverse impact on the fulfillment of its
operational and business expansion needs, thereby, affecting the business
growth of the company.
Opportunities
Opportunities in Emerging Markets
The trend of
people choosing to live in an urban environment is developing rapidly,
particularly in emerging markets, and also in the more developed Western
economies. According to the United Nations, by 2050, the global urban
population is expected to be 6.3 billion, or 70% of the population at that time
with China and India contributing close to 1 billion and 590 million
respectively. Indian cities are forecast to generate 70% of new jobs created to
2030, produce more than 70% of Indian GDP, and drive a near fourfold increase
in per capita incomes across the nation. With the rise in disposable incomes,
an increasing number of consumers in emerging markets are able to afford such
items as a refrigerator, a washing machine or air-conditioning equipment thus
providing the company with tremendous potential growth in these economies. In
2010, the sales of home improvement products in China hit 1.1 trillion Yuan, up
22%, according to the China Building Materials Circulation Association. The
company could leverage its established presence in the emerging economies such
as China to benefit from the market potential.
New Product Launches
Konica Minolta
continues to design and develop innovative products to meet the growing needs
of its customers. The company launched several products at regular intervals,
which helps it in retaining its customer base and garnering higher market
share. It endeavors to improve product design and bring technological
improvements to deliver quality products to its customers. With a strong
technology foundation and a deep understanding of its clients, Konica Minolta
is well positioned to deliver unparalleled value through innovative products
and solutions. New products and services developed by the company in the recent
past include the bizhub C754 and C654 color MFP’s; the AeroDR cassette
digital X-ray detector; REGIUS desktop computed radiography (CR); Organic Light
Emitting Diode (OLED); bizhub PRESS C8000, C7000 and C6000; Nassenger VII, high
speed inkjet textile printer; and 72mm-Wide Inkjet print head. Such product
launches at regular intervals would help Konica Minolta in retaining its
customer base and garnering a higher market share.
Inorganic Growth
Strategy
Inorganic growth
strategies generally help companies enhance value for their shareholders. The
company continues to view acquisitions as a critical part of its growth
strategy. These acquisitions help supplement Konica Minolta’s core growth and
assure expansion of its business, including new technologies, products, and
regions. In January 2013, the company through its subsidiary Konica Minolta
Business Solutions Deutschland GmbH (KMBD) signed a share purchase agreement
with Raber+Marcker GmbH, a software and system company for integrated IT
solutions. Through this acquisition, Konica Minolta intends to strengthen the
capability of KMBD by utilizing Raber+Marcker's specialized expertise in
Business Process Consultancy (BPC). In December 2012, Konica Minolta Optics,
Inc., acquired Instrument Systems GmbH, a German lighting measurement equipment
manufacturer. This acquisition will provide the company even broader product
line in the display measurement field. In November 2012, the company through
KMBD signed an agreement to acquire Charterhouse PM Limited, a European
marketing services production company in Hatfield, UK. This acquisition will
provide Konica Minolta the know-how in marketing and consulting for document
management, as well as Charterhouse's European sales network. In May 2012,
Konica Minolta Business Technologies, Inc., acquired FedEx Kinco's Japan, Co.,
Ltd. which is a business convenience store in Japan. A successful integration
of such acquisitions could facilitate the company to increase its customer
base, attain economy of scale and enter into new markets.
Threats
Global Economic Condition
The global
economic slowdown and vague recovery scenario are likely to create challenges
for the company over the next few years. Though economic recovery continued
during the first half of 2010, the global economy was affected by the turmoil
in sovereign debt markets during the second quarter of 2010. The weak economic
scenario especially in Europe could further reduce the levels of consumer
spending, and could have an adverse affect on the company’s business. In
accordance with the recent FED releases in the US, Fed lowered its growth
forecast for the U.S. economy, as it now expects gross domestic product to rise
at just a 2.2% to 2.7% rate in 2012. In addition, World Bank also lowered its
world economic growth of 2.5% in 2012 and 3.1% in 2013, well below the 3.6 %
growth for each year projected in June 2011. The global growth forecast were
lowered in accordance with the grim situation persisting in the Euro region, as
the bank expects that if the euro area debt crisis escalates, global growth
would be about 4% points lower. Furthermore, according to the World Bank
estimates, high income economies across the globe are expected to expand nearly
1.4% in 2012 as the euro area shrinks 0.3%, as it witnessed sharp downward
revisions from growth forecasts last June of 2.7% and 1.8%, respectively. It
also lowered the growth forecast for developing economies to 5.4% for 2012 from
its previous forecast of 6.2%, as the expansion in Brazil and India, Russia,
South Africa and Turkey witnessed slowness. Furthermore, according to experts,
the global economy is expected to have a sluggish growth in 2013, with output
growth dragged down by a weak performance anticipated in the euro zone. The
continuing uncertainty over economic recovery and the sovereign debt crises
could adversely affect company’s earnings, and could continue to exert
pressure on its growth prospects in the long run.
Highly Competitive Market
There is an intense
competition in office equipment market. Hewlett-Packard is affecting the
Konica’s printer segment as it is holding the topmost position. Dell has also
developed as the major competitor in the printer market due to better pricing
power. Xerox Corporation, Lexmark International, Ricoh Company, Canon, and
Seiko Epson Corporation are competing with the Konica’s office imaging
segment. Increasing competition may increase pricing pressures and can
adversely affect the group’s operations. In imaging technology field, the
major competitors to the company are GE Healthcare, Siemens Healthcare Hitachi
Medical Corporation and FUJIFILM Holdings Corporation. In addition, the company
is continually subject to existing and new competitors entering into the markets
in which it operates. Considering the relatively low costs of entry into the
specialist recruitment markets, the competitive threats for the company could
be ranging from start-up operations to large multi-nationals.
Growing Trend of
Paperless Work
Copiers’
providers such as this could be affected due to the growing trend of paperless
work. The paper-related systems and products are fast being replaced by digital
content. The use of PCs, notebooks, mobile workstations, palmtops and internet
has become an essential part of business operations. Emails and digital
documents are increasingly replacing traditional means of sending and storing
information. The shifting trend towards digitization of information could pose
a major threat to companies such as Konica.
|
Corporate Family |
Corporate
Structure News: |
|
|
Konica
Minolta Inc |
|
Konica Minolta Inc |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Chiyoda-Ku |
Japan |
Photography |
9,799.5 |
38,206 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Peripherals |
|
22,000 |
|
|
|
Acquisition of
Fedex Kinko's Korea Ltd. proposed/announced.See corporate
structure news on
Konica Minolta Inc for details |
|||||||
|
Subsidiary |
Langenhagen, Niedersachsen |
Germany |
Office Equipment |
1,464.7 |
5,430 |
|
|
|
Subsidiary |
Basildon |
United Kingdom |
Photography |
|
815 |
|
|
|
UK Branch/Trading address |
Sunderland |
United Kingdom |
Photography |
|
375 |
|
|
|
Subsidiary |
Basildon |
United Kingdom |
Business Services |
|
150 |
|
|
|
Subsidiary |
Wien |
Austria |
Photography |
94.1 |
321 |
|
|
|
Subsidiary |
Brno |
Czech Republic |
Office Equipment |
36.9 |
230 |
|
|
|
Subsidiary |
Hatfield |
United Kingdom |
Printing and Publishing |
156.0 |
211 |
|
|
|
Subsidiary |
Hatfield |
United Kingdom |
Printing and Publishing |
120.4 |
188 |
|
|
|
Subsidiary |
Hatfield |
United Kingdom |
Printing and Publishing |
|
175 |
|
|
|
Subsidiary |
Hatfield |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Prior Velho, Loures |
Portugal |
Miscellaneous Capital Goods |
28.4 |
145 |
|
|
|
Subsidiary |
Bucharest |
Romania |
Office Equipment |
|
115 |
|
|
|
Subsidiary |
Budapest |
Hungary |
Office Equipment |
26.3 |
104 |
|
|
|
Subsidiary |
Espoo |
Finland |
Computer Peripherals |
30.6 |
100 |
|
|
|
Subsidiary |
Milan |
Italy |
Retail (Specialty) |
75.3 |
92 |
|
|
|
Subsidiary |
Budapest |
Hungary |
Office Equipment |
|
90 |
|
|
|
Subsidiary |
Metamorfossi |
Greece |
Computer Hardware |
14.2 |
85 |
|
|
|
Subsidiary |
Lisbon |
Portugal |
Office Equipment |
|
80 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Computer Peripherals |
|
70 |
|
|
|
Subsidiary |
Istanbul (Anatolia) |
Turkey |
Office Equipment |
20.2 |
60 |
|
|
|
Subsidiary |
Ljubljana |
Slovenia |
Office Equipment |
|
30 |
|
|
|
Subsidiary |
Vienna |
Austria |
Computer Peripherals |
|
13 |
|
|
|
Subsidiary |
Badhoevedorp |
Netherlands |
Computer Hardware |
83.4 |
|
|
|
|
Subsidiary |
Zagreb (Grad Zagreb) |
Croatia |
Personal and Household Products |
8.8 |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Business Services |
24.9 |
311 |
|
|
|
Subsidiary |
Redwood City, CA |
United States |
Computer Services |
50.1 |
265 |
|
|
|
Subsidiary |
Bridgeville, PA |
United States |
Software and Programming |
1.8 |
44 |
|
|
|
Subsidiary |
Cherry Hill, NJ |
United States |
Computer Services |
5.2 |
32 |
|
|
|
Recently
acquired (previously owned by United Computer Sales & Services).See corporate
structure news on
Konica Minolta Inc for details |
|||||||
|
Subsidiary |
Irving, TX |
United States |
Office Equipment |
18.8 |
30 |
|
|
|
Branch |
St Louis, MO |
United States |
Office Equipment |
10.6 |
30 |
|
|
|
Branch |
Piscataway, NJ |
United States |
Office Equipment |
10.6 |
30 |
|
|
|
Branch |
Feastervl Trvs, PA |
United States |
Office Equipment |
10.2 |
30 |
|
|
|
Branch |
Sandy Springs, GA |
United States |
Office Equipment |
9.9 |
30 |
|
|
|
Branch |
San Diego, CA |
United States |
Office Equipment |
9.6 |
30 |
|
|
|
Branch |
Irvine, CA |
United States |
Office Equipment |
9.6 |
30 |
|
|
|
Branch |
Valencia, CA |
United States |
Office Equipment |
9.6 |
30 |
|
|
|
Branch |
Burbank, CA |
United States |
Office Equipment |
9.6 |
30 |
|
|
|
Branch |
Minneapolis, MN |
United States |
Office Equipment |
8.9 |
30 |
|
|
|
Branch |
New York, NY |
United States |
Office Equipment |
8.6 |
30 |
|
|
|
Branch |
Newton Center, MA |
United States |
Office Equipment |
5.9 |
21 |
|
|
|
Branch |
Atlanta, GA |
United States |
Office Equipment |
6.6 |
20 |
|
|
|
Branch |
Houston, TX |
United States |
Office Equipment |
7.5 |
12 |
|
|
|
Branch |
Hanover, MD |
United States |
Office Equipment |
3.1 |
10 |
|
|
|
Subsidiary |
Eloyes |
France |
Photography |
81.4 |
149 |
|
|
|
Subsidiary |
Kofu, Yamanashi |
Japan |
Photography |
147.8 |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Computer Peripherals |
|
4,100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Peripherals |
|
3,900 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Scientific and Technical Instruments |
|
1,900 |
|
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Computer Peripherals |
|
1,300 |
|
|
|
Subsidiary |
Carrières sur Seine |
France |
Office Equipment |
447.4 |
1,071 |
|
|
|
Subsidiary |
Glisy |
France |
Miscellaneous Capital Goods |
42.1 |
374 |
|
|
|
Subsidiary |
St Gregoire |
France |
Miscellaneous Capital Goods |
45.4 |
149 |
|
|
|
Subsidiary |
Basildon |
United Kingdom |
Computer Services |
264.1 |
791 |
|
|
|
Subsidiary |
Sutton In Ashfield |
United Kingdom |
Business Services |
47.6 |
109 |
|
|
|
UK Branch/Trading address |
Livingston |
United Kingdom |
Office Equipment |
264.1 |
24 |
|
|
|
UK Branch/Trading address |
Reading |
United Kingdom |
Office Equipment |
264.1 |
15 |
|
|
|
UK Branch/Trading address |
Oldbury |
United Kingdom |
Office Equipment |
264.1 |
14 |
|
|
|
Subsidiary |
Cardiff |
United Kingdom |
Business Services |
|
|
|
|
|
UK Branch/Trading address |
Aberystwyth |
United Kingdom |
Office Equipment |
|
10 |
|
|
|
Subsidiary |
Langenhagen, Niedersachsen |
Germany |
Office Equipment |
542.6 |
500 |
|
|
|
Acquisition of
Raber + Märcker GmbH proposed/announced.See corporate
structure news on
Konica Minolta Inc for details |
|||||||
|
Subsidiary |
Weilheim I. Ob, Bayern |
Germany |
Computer Services |
14.6 |
82 |
|
|
|
Subsidiary |
Macquarie Park, NSW |
Australia |
Office Equipment |
36.2 |
375 |
|
|
|
Subsidiary |
Ramsey, NJ |
United States |
Electronic Instruments and Controls |
4,594.1 |
300 |
|
|
|
Branch |
Windsor, CT |
United States |
Office Equipment |
28.8 |
450 |
|
|
|
Subsidiary |
Lincoln, NE |
United States |
Office Equipment |
154.9 |
70 |
|
|
|
Subsidiary |
Glen Cove, NY |
United States |
Computer Peripherals |
|
275 |
|
|
|
Subsidiary |
Farmington, MI |
United States |
Retail (Specialty) |
|
220 |
|
|
|
Branch |
New York, NY |
United States |
Office Equipment |
75.0 |
200 |
|
|
|
Branch |
San Francisco, CA |
United States |
Office Equipment |
29.3 |
200 |
|
|
|
Branch |
Wixom, MI |
United States |
Office Equipment |
25.1 |
160 |
|
|
|
Branch |
San Diego, CA |
United States |
Office Equipment |
29.3 |
150 |
|
|
|
Branch |
Anaheim, CA |
United States |
Office Equipment |
29.3 |
120 |
|
|
|
Branch |
Downers Grove, IL |
United States |
Office Equipment |
233.9 |
100 |
|
|
|
Branch |
Tarrytown, NY |
United States |
Office Equipment |
233.5 |
100 |
|
|
|
Branch |
Hialeah, FL |
United States |
Office Equipment |
233.3 |
100 |
|
|
|
Branch |
Phoenix, AZ |
United States |
Office Equipment |
232.3 |
100 |
|
|
|
Branch |
Atlanta, GA |
United States |
Office Equipment |
26.8 |
100 |
|
|
|
Branch |
San Bernardino, CA |
United States |
Office Equipment |
29.3 |
80 |
|
|
|
Branch |
Hawthorne, NY |
United States |
Office Equipment |
28.0 |
80 |
|
|
|
Branch |
Calgary, AB |
Canada |
Office Equipment |
38.7 |
75 |
|
|
|
Branch |
Fairfield, NJ |
United States |
Office Equipment |
29.4 |
75 |
|
|
|
Branch |
Chicago, IL |
United States |
Office Equipment |
28.1 |
75 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Office Equipment |
132.4 |
62 |
|
|
|
Branch |
Bellevue, WA |
United States |
Office Equipment |
153.7 |
60 |
|
|
|
Branch |
Huntington Beach, CA |
United States |
Office Equipment |
146.6 |
60 |
|
|
|
Branch |
Boulder, CO |
United States |
Biotechnology and Drugs |
|
14 |
|
|
|
Branch |
Gardena, CA |
United States |
Office Equipment |
146.6 |
60 |
|
|
|
Branch |
Lenexa, KS |
United States |
Office Equipment |
125.1 |
60 |
|
|
|
Branch |
Englewood, CO |
United States |
Office Equipment |
27.3 |
60 |
|
|
|
Branch |
Boca Raton, FL |
United States |
Office Equipment |
133.0 |
57 |
|
|
|
Branch |
Woodland Hills, CA |
United States |
Office Equipment |
122.2 |
50 |
|
|
|
Branch |
Mc Lean, VA |
United States |
Office Equipment |
110.6 |
50 |
|
|
|
Branch |
Memphis, TN |
United States |
Office Equipment |
109.3 |
50 |
|
|
|
Branch |
Mobile, AL |
United States |
Office Equipment |
108.5 |
50 |
|
|
|
Branch |
N Richland Hills, TX |
United States |
Office Equipment |
29.7 |
50 |
|
|
|
Branch |
Alameda, CA |
United States |
Office Equipment |
110.0 |
45 |
|
|
|
Subsidiary |
Virginia Beach, VA |
United States |
Appliance and Tool |
|
45 |
|
|
|
Branch |
Los Angeles, CA |
United States |
Office Equipment |
97.7 |
40 |
|
|
|
Branch |
Warwick, RI |
United States |
Office Equipment |
87.3 |
40 |
|
|
|
Subsidiary |
Wichita, KS |
United States |
Office Equipment |
83.4 |
40 |
|
|
|
Branch |
Charleston, WV |
United States |
Office Equipment |
80.5 |
40 |
|
|
|
Subsidiary |
Mobile, AL |
United States |
Computer Hardware |
|
40 |
|
|
|
Subsidiary |
Nieuwegein |
Netherlands |
Miscellaneous Capital Goods |
|
15 |
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Office Equipment |
|
10 |
|
|
|
Subsidiary |
Tlalnepantla De Baz, Estado De Mexico |
Mexico |
Office Equipment |
22.2 |
37 |
|
|
|
Branch |
Gainesville, FL |
United States |
Office Equipment |
84.0 |
36 |
|
|
|
Branch |
Greenbelt, MD |
United States |
Office Equipment |
81.2 |
35 |
|
|
|
Branch |
Vestavia, AL |
United States |
Office Equipment |
75.9 |
35 |
|
|
|
Branch |
San Antonio, TX |
United States |
Office Equipment |
74.1 |
30 |
|
|
|
Branch |
San Diego, CA |
United States |
Office Equipment |
73.3 |
30 |
|
|
|
Branch |
Las Vegas, NV |
United States |
Office Equipment |
72.6 |
30 |
|
|
|
Branch |
Salem, NH |
United States |
Office Equipment |
69.9 |
30 |
|
|
|
Branch |
Pittsburgh, PA |
United States |
Office Equipment |
67.3 |
30 |
|
|
|
Branch |
Omaha, NE |
United States |
Office Equipment |
66.4 |
30 |
|
|
|
Branch |
Bessemer, AL |
United States |
Office Equipment |
65.1 |
30 |
|
|
|
Branch |
Dublin, OH |
United States |
Office Equipment |
63.7 |
30 |
|
|
|
Branch |
Louisville, KY |
United States |
Office Equipment |
63.6 |
30 |
|
|
|
Branch |
Minneapolis, MN |
United States |
Office Equipment |
63.0 |
30 |
|
|
|
Branch |
Norcross, GA |
United States |
Office Equipment |
26.8 |
30 |
|
|
|
Branch |
Victoria, BC |
Canada |
Office Equipment |
16.1 |
30 |
|
|
|
Branch |
Knoxville, TN |
United States |
Office Equipment |
61.2 |
28 |
|
|
|
Branch |
San Jose, CA |
United States |
Office Equipment |
61.1 |
25 |
|
|
|
Branch |
Foster City, CA |
United States |
Office Equipment |
61.1 |
25 |
|
|
|
Branch |
Jacksonville, FL |
United States |
Office Equipment |
58.3 |
25 |
|
|
|
Branch |
Tallahassee, FL |
United States |
Office Equipment |
58.3 |
25 |
|
|
|
Branch |
Metairie, LA |
United States |
Office Equipment |
55.2 |
25 |
|
|
|
Branch |
Nashville, TN |
United States |
Office Equipment |
54.6 |
25 |
|
|
|
Branch |
Shreveport, LA |
United States |
Office Equipment |
53.0 |
24 |
|
|
|
Branch |
Greensboro, NC |
United States |
Office Equipment |
46.6 |
21 |
|
|
|
Branch |
Austin, TX |
United States |
Office Equipment |
49.4 |
20 |
|
|
|
Branch |
Henrietta, NY |
United States |
Office Equipment |
46.7 |
20 |
|
|
|
Branch |
Albuquerque, NM |
United States |
Office Equipment |
45.4 |
20 |
|
|
|
Branch |
Jackson, TN |
United States |
Office Equipment |
43.7 |
20 |
|
|
|
Branch |
Grand Rapids, MI |
United States |
Office Equipment |
39.8 |
19 |
|
|
|
Branch |
Charlotte, NC |
United States |
Office Equipment |
39.9 |
18 |
|
|
|
Branch |
Hanover, MD |
United States |
Office Equipment |
39.4 |
17 |
|
|
|
Branch |
Boulder, CO |
United States |
Office Equipment |
36.4 |
16 |
|
|
|
Branch |
Fort Collins, CO |
United States |
Office Equipment |
36.4 |
16 |
|
|
|
Branch |
Arlington, VA |
United States |
Office Equipment |
35.4 |
16 |
|
|
|
Branch |
Colorado Springs, CO |
United States |
Office Equipment |
34.1 |
15 |
|
|
|
Branch |
Madison, WI |
United States |
Office Equipment |
30.6 |
15 |
|
|
|
Branch |
Virginia Beach, VA |
United States |
Office Equipment |
31.0 |
14 |
|
|
|
Branch |
Florence, SC |
United States |
Office Equipment |
5.1 |
14 |
|
|
|
Branch |
Reno, NV |
United States |
Office Equipment |
31.5 |
13 |
|
|
|
Branch |
Mt Vernon, WA |
United States |
Office Equipment |
30.7 |
12 |
|
|
|
Branch |
Redmond, WA |
United States |
Office Equipment |
30.7 |
12 |
|
|
|
Branch |
Humble, TX |
United States |
Office Equipment |
29.7 |
12 |
|
|
|
Branch |
Odessa, TX |
United States |
Office Equipment |
29.7 |
12 |
|
|
|
Branch |
Lubbock, TX |
United States |
Office Equipment |
29.7 |
12 |
|
|
|
Branch |
Odessa, TX |
United States |
Office Equipment |
29.7 |
12 |
|
|
|
Branch |
Iselin, NJ |
United States |
Office Equipment |
29.4 |
12 |
|
|
|
Branch |
Huntington Beach, CA |
United States |
Office Equipment |
29.3 |
12 |
|
|
|
Branch |
San Rafael, CA |
United States |
Office Equipment |
29.3 |
12 |
|
|
|
Branch |
Irvine, CA |
United States |
Office Equipment |
29.3 |
12 |
|
|
|
Branch |
Anchorage, AK |
United States |
Office Equipment |
28.8 |
12 |
|
|
|
Branch |
Fairbanks, AK |
United States |
Office Equipment |
28.8 |
12 |
|
|
|
Branch |
Milford, CT |
United States |
Office Equipment |
28.8 |
12 |
|
|
|
Branch |
Windsor, CT |
United States |
Office Equipment |
28.8 |
12 |
|
|
|
Branch |
Rolling Meadows, IL |
United States |
Office Equipment |
28.1 |
12 |
|
|
|
Branch |
Peoria, IL |
United States |
Office Equipment |
28.1 |
12 |
|
|
|
Branch |
New York, NY |
United States |
Office Equipment |
28.0 |
12 |
|
|
|
Branch |
New York, NY |
United States |
Office Equipment |
28.0 |
12 |
|
|
|
Branch |
Pensacola, FL |
United States |
Office Equipment |
28.0 |
12 |
|
|
|
Branch |
Tallahassee, FL |
United States |
Office Equipment |
28.0 |
12 |
|
|
|
Branch |
Salt Lake City, UT |
United States |
Office Equipment |
27.9 |
12 |
|
|
|
Branch |
Tempe, AZ |
United States |
Office Equipment |
27.9 |
12 |
|
|
|
Branch |
Bullhead City, AZ |
United States |
Office Equipment |
27.9 |
12 |
|
|
|
Branch |
Greeley, CO |
United States |
Office Equipment |
27.3 |
12 |
|
|
|
Branch |
Grand Junction, CO |
United States |
Office Equipment |
27.3 |
12 |
|
|
|
Branch |
Norristown, PA |
United States |
Office Equipment |
26.9 |
12 |
|
|
|
Branch |
Philadelphia, PA |
United States |
Office Equipment |
26.9 |
12 |
|
|
|
Branch |
Duluth, GA |
United States |
Office Equipment |
26.8 |
12 |
|
|
|
Branch |
Portland, OR |
United States |
Office Equipment |
26.7 |
12 |
|
|
|
Branch |
Richmond, VA |
United States |
Office Equipment |
26.5 |
12 |
|
|
|
Branch |
Forest, VA |
United States |
Office Equipment |
26.5 |
12 |
|
|
|
Branch |
Piney Flats, TN |
United States |
Office Equipment |
26.2 |
12 |
|
|
|
Branch |
Mobile, AL |
United States |
Office Equipment |
26.0 |
12 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Office Equipment |
25.6 |
12 |
|
|
|
Branch |
South Bend, IN |
United States |
Office Equipment |
25.6 |
12 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Office Equipment |
25.6 |
12 |
|
|
|
Branch |
Little Rock, AR |
United States |
Office Equipment |
25.5 |
12 |
|
|
|
Branch |
Cleveland, OH |
United States |
Office Equipment |
25.5 |
12 |
|
|
|
Branch |
North Charleston, SC |
United States |
Office Equipment |
25.4 |
12 |
|
|
|
Branch |
Greenville, SC |
United States |
Office Equipment |
25.4 |
12 |
|
|
|
Branch |
Saginaw, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Farmington Hills, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Grand Rapids, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Okemos, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Troy, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Auburn Hills, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Hutchinson, KS |
United States |
Office Equipment |
25.0 |
12 |
|
|
|
Branch |
Waukesha, WI |
United States |
Office Equipment |
24.5 |
12 |
|
|
|
Branch |
Cedar Rapids, IA |
United States |
Office Equipment |
24.0 |
12 |
|
|
|
Branch |
Des Moines, IA |
United States |
Office Equipment |
24.0 |
12 |
|
|
|
Branch |
Red Deer, AB |
Canada |
Office Equipment |
6.3 |
12 |
|
|
|
Branch |
Wilmington, MA |
United States |
Office Equipment |
24.3 |
11 |
|
|
|
Subsidiary |
Melville, NY |
United States |
Office Equipment |
233.5 |
10 |
|
|
|
Branch |
Corpus Christi, TX |
United States |
Office Equipment |
29.7 |
10 |
|
|
|
Branch |
Beltsville, MD |
United States |
Office Equipment |
27.8 |
10 |
|
|
|
Branch |
Romeoville, IL |
United States |
Office Equipment |
23.4 |
10 |
|
|
|
Branch |
Maitland, FL |
United States |
Office Equipment |
23.3 |
10 |
|
|
|
Branch |
Flagstaff, AZ |
United States |
Office Equipment |
23.2 |
10 |
|
|
|
Branch |
Mechanicsburg, PA |
United States |
Office Equipment |
22.4 |
10 |
|
|
|
Branch |
Duluth, GA |
United States |
Office Equipment |
22.3 |
10 |
|
|
|
Branch |
Chattanooga, TN |
United States |
Office Equipment |
21.9 |
10 |
|
|
|
Subsidiary |
Fremont, CA |
United States |
Business Services |
|
10 |
|
|
|
Branch |
Boise, ID |
United States |
Office Equipment |
27.7 |
8 |
|
|
|
Branch |
Carrollton, TX |
United States |
Office Equipment |
19.8 |
8 |
|
|
|
Subsidiary |
Boca Raton, FL |
United States |
Office Equipment |
18.7 |
8 |
|
|
|
Branch |
Wood Dale, IL |
United States |
Office Equipment |
16.4 |
7 |
|
|
|
Branch |
Regina, SK |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Sarasota, FL |
United States |
Office Equipment |
14.0 |
6 |
|
|
|
Branch |
Spokane, WA |
United States |
Office Equipment |
12.8 |
5 |
|
|
|
Subsidiary |
Ramsey, NJ |
United States |
Appliance and Tool |
|
5 |
|
|
|
Subsidiary |
Denver, CO |
United States |
Office Equipment |
27.3 |
4 |
|
|
|
Branch |
Stamford, CT |
United States |
Office Equipment |
9.6 |
4 |
|
|
|
Branch |
Yuma, AZ |
United States |
Office Equipment |
9.3 |
4 |
|
|
|
Subsidiary |
Cupertino, CA |
United States |
Recreational Activities |
|
4 |
|
|
|
Branch |
Palm Desert, CA |
United States |
Office Equipment |
7.3 |
3 |
|
|
|
Branch |
Pittsburgh, PA |
United States |
Office Equipment |
6.7 |
3 |
|
|
|
Branch |
Charlotte, NC |
United States |
Office Equipment |
6.7 |
3 |
|
|
|
Branch |
Crystal, MN |
United States |
Office Equipment |
6.3 |
3 |
|
|
|
Branch |
Sacramento, CA |
United States |
Office Equipment |
4.9 |
2 |
|
|
|
Branch |
Frisco, CO |
United States |
Office Equipment |
4.5 |
2 |
|
|
|
Branch |
Kearney, NE |
United States |
Office Equipment |
4.4 |
2 |
|
|
|
Branch |
Longview, TX |
United States |
Office Equipment |
2.5 |
1 |
|
|
|
Branch |
Rockford, IL |
United States |
Office Equipment |
2.3 |
1 |
|
|
|
Subsidiary |
Zaventem |
Belgium |
Computer Hardware |
|
260 |
|
|
|
Subsidiary |
Carol Stream, IL |
United States |
Office Supplies |
39.9 |
250 |
|
|
|
Subsidiary |
Madrid |
Spain |
Office Equipment |
80.3 |
245 |
|
|
|
Subsidiary |
Osaka |
Japan |
Computer Peripherals |
|
240 |
|
|
|
Subsidiary |
Melaka, Melaka |
Malaysia |
Office Equipment |
141.1 |
2,000 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Scientific and Technical Instruments |
4.6 |
7 |
|
|
|
Subsidiary |
Albertslund |
Denmark |
Office Equipment |
80.0 |
238 |
|
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Photography |
|
200 |
|
|
|
Subsidiary |
Oslo |
Norway |
Office Equipment |
73.5 |
180 |
|
|
|
Subsidiary |
Mississauga, ON |
Canada |
Miscellaneous Capital Goods |
|
175 |
|
|
|
Branch |
Richmond, BC |
Canada |
Communications Equipment |
38.8 |
60 |
|
|
|
Branch |
Prince George, BC |
Canada |
Office Equipment |
5.4 |
10 |
|
|
|
Branch |
Saint John, NB |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Edmonton, AB |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Moncton, NB |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
St. John's, NL |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Fort Mcmurray, AB |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Burnaby, BC |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Gatineau, QC |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Branch |
Toronto, ON |
Canada |
Office Equipment |
3.7 |
7 |
|
|
|
Branch |
Mississauga, ON |
Canada |
Office Equipment |
3.7 |
7 |
|
|
|
Branch |
Trois-Rivieres, QC |
Canada |
Office Equipment |
2.7 |
5 |
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Computer Peripherals |
|
160 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Photography |
|
130 |
|
|
|
Subsidiary |
Solna |
Sweden |
Photography |
53.4 |
100 |
|
|
|
Subsidiary |
Solna |
Sweden |
Retail (Technology) |
57.6 |
347 |
|
|
|
Subsidiary |
Wayne, NJ |
United States |
Medical Equipment and Supplies |
22.5 |
100 |
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Office Equipment |
|
100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Containers and Packaging |
|
100 |
|
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Photography |
|
100 |
|
|
|
Subsidiary |
Badhoevedorp, Noord-Holland |
Netherlands |
Scientific and Technical Instruments |
|
75 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Business Services |
|
70 |
|
|
|
Konica
Minolta Business Technologies Manufacturing (HK) Ltd. |
Subsidiary |
Kowloon |
Hong Kong |
Computer Peripherals |
|
63 |
|
|
Subsidiary |
Dongguan, Guangdong |
China |
Computer Peripherals |
619.9 |
4,000 |
|
|
|
Subsidiary |
Long Island City, NY |
United States |
Office Equipment |
140.1 |
60 |
|
|
|
Subsidiary |
Osaka |
Japan |
Computer Peripherals |
|
60 |
|
|
|
Subsidiary |
Shanghai |
China |
Photography |
|
60 |
|
|
|
Subsidiary |
MĂ¼nchen, Bayern |
Germany |
Scientific and Technical Instruments |
|
56 |
|
|
|
Subsidiary |
Tulsa, OK |
United States |
Office Equipment |
113.9 |
50 |
|
|
|
Subsidiary |
Goshen, NY |
United States |
Photography |
28.0 |
50 |
|
|
|
Subsidiary |
Houston, TX |
United States |
Office Equipment |
12.0 |
50 |
|
|
|
Subsidiary |
Grafton |
New Zealand |
Photography |
6.5 |
50 |
|
|
|
Subsidiary |
Mississauga, ON |
Canada |
Computer Peripherals |
|
50 |
|
|
|
Subsidiary |
Feltham |
United Kingdom |
Photography |
|
50 |
|
|
|
Subsidiary |
Mexico, DF |
Mexico |
Office Equipment |
|
40 |
|
|
|
Subsidiary |
|
|
|
48.7 |
38 |
|
|
|
Subsidiary |
New Orleans, LA |
United States |
Business Services |
3.1 |
30 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Computer Peripherals |
|
30 |
|
|
|
Subsidiary |
Lijnden, North Holland |
Netherlands |
Medical Equipment and Supplies |
48.7 |
28 |
|
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Software and Programming |
|
27 |
|
|
|
Subsidiary |
Mumbai |
India |
Medical Equipment and Supplies |
|
25 |
|
|
|
Subsidiary |
Southport, QLD |
Australia |
Computer Hardware |
4.1 |
20 |
|
|
|
Subsidiary |
Nieuwegein, Utrecht |
Netherlands |
Scientific and Technical Instruments |
|
15 |
|
|
|
Subsidiary |
Kontich |
Belgium |
Miscellaneous Capital Goods |
10.4 |
13 |
|
|
|
Division |
Ramsey, NJ |
United States |
Office Equipment |
19.6 |
8 |
|
|
|
Joint Venture |
Abbotsford, BC |
Canada |
Office Equipment |
3.8 |
7 |
|
|
|
Subsidiary |
San Mateo, CA |
United States |
Business Services |
|
4 |
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Medical Equipment and Supplies |
516.9 |
|
|
|
|
Subsidiary |
MĂ¼nchen, Bayern |
Germany |
Medical Equipment and Supplies |
15.7 |
10 |
|
|
|
Subsidiary |
Chertsey |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Quarry Bay |
Hong Kong |
Computer Peripherals |
|
|
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Peripherals |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Furniture and Fixtures |
|
|
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Computer Networks |
|
|
|
|
|
Subsidiary |
Vilnius |
Lithuania |
Office Equipment |
|
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Computer Peripherals |
|
|
|
|
|
Subsidiary |
Asahikawa, Hokkaido |
Japan |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Fukuoka |
Japan |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Miki, Hyogo |
Japan |
Computer Hardware |
|
|
|
|
|
Subsidiary |
Toyohashi, Aichi |
Japan |
Photography |
|
|
|
|
|
Subsidiary |
Atsugi, Kanagawa |
Japan |
Software and Programming |
|
|
|
|
|
Subsidiary |
Sayama, Saitama |
Japan |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Hino, Tokyo |
Japan |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Hachioji, Tokyo |
Japan |
Computer Services |
|
|
|
|
|
Subsidiary |
Dusseldorf |
Germany |
Office Supplies |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
|
Subsidiary |
Osakasayama, Osaka |
Japan |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Osakasayama, Osaka |
Japan |
Photography |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
|
Subsidiary |
Hachioji, Tokyo |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Itabashi-Ku, Tokyo |
Japan |
Miscellaneous Transportation |
139.4 |
|
|
|
|
Subsidiary |
Fuefuki, Yamanashi |
Japan |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Tsuru, Yamanashi |
Japan |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Dalian, Liaoning |
China |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Business Services |
|
|
|
|
|
Konica Minolta Business Solutions |
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Saint Petersburg, FL |
United States |
Office Equipment |
28.0 |
2,000 |
|
|
|
Subsidiary |
Oak Park, MI |
United States |
Computer Services |
5.4 |
33 |
|
|
|
Branch |
Newton Center, MA |
United States |
Office Equipment |
442.0 |
200 |
|
|
|
Subsidiary |
Louisville, KY |
United States |
Office Equipment |
63.6 |
125 |
|
|
|
Branch |
Cincinnati, OH |
United States |
Business Services |
25.5 |
25 |
|
|
|
Branch |
Raleigh, NC |
United States |
Office Equipment |
26.6 |
60 |
|
|
|
Branch |
Houston, TX |
United States |
Office Equipment |
123.6 |
50 |
|
|
|
Branch |
Rolling Meadows, IL |
United States |
Office Equipment |
93.6 |
40 |
|
|
|
Branch |
Chesterfield, MO |
United States |
Office Equipment |
87.2 |
40 |
|
|
|
Branch |
Oklahoma City, OK |
United States |
Office Equipment |
56.9 |
25 |
|
|
|
Branch |
Evansville, IN |
United States |
Office Equipment |
42.7 |
20 |
|
|
|
Branch |
Fort Myers, FL |
United States |
Office Equipment |
35.0 |
15 |
|
|
|
Branch |
Federal Way, WA |
United States |
Office Equipment |
30.7 |
12 |
|
|
|
Subsidiary |
Reno, NV |
United States |
Office Equipment |
29.0 |
12 |
|
|
|
Branch |
Marion, IL |
United States |
Office Equipment |
28.1 |
12 |
|
|
|
Branch |
Roselle, IL |
United States |
Office Equipment |
28.1 |
12 |
|
|
|
Branch |
Phoenix, AZ |
United States |
Office Equipment |
27.9 |
12 |
|
|
|
Branch |
Morrisville, NC |
United States |
Office Equipment |
26.6 |
12 |
|
|
|
Branch |
Vienna, VA |
United States |
Office Equipment |
26.5 |
12 |
|
|
|
Branch |
Chesapeake, VA |
United States |
Office Equipment |
26.5 |
12 |
|
|
|
Branch |
Waltham, MA |
United States |
Office Equipment |
26.5 |
12 |
|
|
|
Branch |
Memphis, TN |
United States |
Office Equipment |
26.2 |
12 |
|
|
|
Branch |
Lexington, KY |
United States |
Office Equipment |
25.5 |
12 |
|
|
|
Branch |
Ann Arbor, MI |
United States |
Office Equipment |
25.1 |
12 |
|
|
|
Branch |
Toledo, OH |
United States |
Office Equipment |
19.1 |
9 |
|
|
|
Branch |
Amarillo, TX |
United States |
Office Equipment |
17.3 |
7 |
|
|
|
Branch |
Bowling Green, KY |
United States |
Office Equipment |
10.6 |
5 |
|
|
|
Branch |
Lake Forest, CA |
United States |
Office Equipment |
7.3 |
3 |
|
|
|
Subsidiary |
Louisville, KY |
United States |
Computer Hardware |
31.2 |
20 |
|
|
|
Branch |
Plymouth Meeting, PA |
United States |
Office Equipment |
112.2 |
50 |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
ASML Holding N.V. |
Veldhoven, Netherlands |
8,497 |
Public |
|
CANON INC. |
Ohta-Ku, Suzhou, Japan |
196,968 |
Public |
|
Dell Inc. |
Round Rock, Texas, United States |
108,800 |
Public |
|
Eastman Kodak Company |
Rochester, New York, United States |
13,000 |
Public |
|
Fuji Electric Co Ltd |
Shinagawa-Ku, Japan |
24,973 |
Public |
|
FUJIFILM Corporation |
Tokyo, Minato ku, Japan |
35,274 |
Private |
|
FUJIFILM Holdings Corp |
Minato-Ku, Japan |
81,691 |
Public |
|
Ge Healthcare Iits UK Ltd. |
Chalfont St Giles, United Kingdom |
8 |
Private |
|
Hewlett-Packard Company |
Palo Alto, California, United States |
331,800 |
Public |
|
Hitachi Medical Corporation |
Chiyoda-Ku, Japan |
5,416 |
Public |
|
KEYENCE CORPORATION |
Osaka-Shi, Japan |
2,077 |
Public |
|
Konica Minolta Inc |
Chiyoda-Ku, Japan |
38,206 |
Public |
|
Lexmark International Inc |
Lexington, Kentucky, United States |
12,200 |
Public |
|
NIKON CORPORATION |
Chiyoda-Ku, Japan |
24,348 |
Public |
|
Olympus Corp |
Shinjuku-Ku, Japan |
31,613 |
Public |
|
Pentax Corporation |
Tokyo, Japan |
1,900 |
Private |
|
Ricoh Co Ltd |
Chuo-Ku, Japan |
109,241 |
Public |
|
Seiko Epson Corporation |
Suwa-Shi, Japan |
75,303 |
Public |
|
Sharp Corporation |
Osaka-Shi, Japan |
56,756 |
Public |
|
Siemens Healthcare |
Erlangen, Germany |
51,000 |
Private |
|
Thermo Fisher Scientific Inc. |
Waltham, Massachusetts, United States |
38,900 |
Public |
|
Xerox Corporation |
Norwalk, Connecticut, United States |
143,200 |
Public |
Executive report
|
|
|
Board of
Directors |
|
|
|
|
|||||||||
|
Chairman of the Board |
Chairman |
|
|||||||||
|
||||||||||||
|
Managing Executive Officer, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Representative Executive Officer, President, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
Representative Executive Officer, President, Director |
President |
|
|||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Technology Strategy |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of Business Audit Office |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Kansai Office, President of
Subsidiary |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Human Resources |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of Subsidiary, Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Leader of Accounting Group in Accounting Unit |
Investor Relations Executive |
|
|
||||||||
Significant Developments
Konica Minolta
Holdings Inc's Subsidiary to Acquire Charterhouse PM Limited-Nikkan Kogyo
Shimbun Nov 20, 2012
Nikkan Kogyo Shimbun reported that Konica Minolta Business Technologies, Inc, which is a subsidiary of Konica Minolta Holdings Inc, will acquire Charterhouse PM Limited, which is engaged in commercial printing business in the United Kingdom, for billions of yen.
Konica Minolta Holdings Inc to Merge with Subsidiaries; Announces Name Change Oct 10, 2012
Konica Minolta
Holdings Inc announced that it will be merging with seven subsidiaries of the
Company, including Konica Minolta Business Technologies, Inc., Konica Minolta
Advanced Layers, Inc., Konica Minolta Optics, Inc., Konica Minolta Technologies
Center, Inc. and Konica Minolta Business Expert, Inc., effective April 1, 2013.
The Company will also change the Company name to KONICA MINOLTA, INC.,
effective April 1, 2013.
Annual income statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
9,799.5 |
9,724.8 |
9,078.5 |
8,655.6 |
9,432.7 |
|
Revenue |
9,799.5 |
9,724.8 |
9,078.5 |
8,655.6 |
9,432.7 |
|
Total Revenue |
9,799.5 |
9,724.8 |
9,078.5 |
8,655.6 |
9,432.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
5,272.8 |
5,224.9 |
4,940.7 |
4,733.9 |
5,177.0 |
|
Cost of Revenue, Total |
5,272.8 |
5,224.9 |
4,940.7 |
4,733.9 |
5,177.0 |
|
Gross Profit |
4,526.7 |
4,499.9 |
4,137.9 |
3,921.7 |
4,255.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
4,036.7 |
1,730.7 |
1,595.2 |
1,554.4 |
1,654.5 |
|
Labor & Related Expense |
- |
1,012.5 |
910.7 |
865.2 |
886.5 |
|
Advertising Expense |
- |
150.4 |
145.5 |
123.1 |
179.7 |
|
Total Selling/General/Administrative Expenses |
4,036.7 |
2,893.7 |
2,651.4 |
2,542.7 |
2,720.6 |
|
Research & Development |
- |
918.6 |
847.4 |
736.8 |
813.8 |
|
Depreciation |
- |
176.7 |
172.0 |
168.9 |
161.4 |
|
Depreciation/Amortization |
- |
176.7 |
172.0 |
168.9 |
161.4 |
|
Restructuring Charge |
8.1 |
15.2 |
39.6 |
22.4 |
100.5 |
|
Impairment-Assets Held for Use |
35.0 |
11.3 |
12.0 |
27.6 |
11.6 |
|
Impairment-Assets Held for Sale |
0.0 |
34.2 |
7.9 |
5.4 |
38.1 |
|
Other Unusual Expense (Income) |
-1.4 |
-49.8 |
10.8 |
-10.9 |
10.2 |
|
Unusual Expense (Income) |
41.7 |
10.9 |
70.4 |
44.4 |
160.4 |
|
Other Operating Expense |
0.0 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
9,351.2 |
9,224.7 |
8,681.8 |
8,226.8 |
9,033.2 |
|
|
|
|
|
|
|
|
Operating Income |
448.4 |
500.1 |
396.7 |
428.9 |
399.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-30.1 |
-31.9 |
-36.5 |
-41.0 |
-48.4 |
|
Interest Expense, Net Non-Operating |
-30.1 |
-31.9 |
-36.5 |
-41.0 |
-48.4 |
|
Interest Income -
Non-Operating |
12.7 |
13.9 |
16.7 |
18.8 |
16.5 |
|
Investment Income -
Non-Operating |
24.7 |
-18.1 |
-38.2 |
-3.6 |
-68.1 |
|
Interest/Investment Income - Non-Operating |
37.4 |
-4.2 |
-21.5 |
15.2 |
-51.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
7.2 |
-36.1 |
-58.0 |
-25.8 |
-100.1 |
|
Gain (Loss) on Sale of Assets |
-20.0 |
-21.4 |
11.5 |
-10.3 |
39.1 |
|
Other Non-Operating Income (Expense) |
-27.7 |
-27.0 |
-22.1 |
-4.6 |
-7.9 |
|
Other, Net |
-27.7 |
-27.0 |
-22.1 |
-4.6 |
-7.9 |
|
Income Before Tax |
407.8 |
415.6 |
328.1 |
388.2 |
330.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
225.1 |
156.2 |
25.2 |
205.6 |
179.5 |
|
Income After Tax |
182.7 |
259.4 |
302.9 |
182.6 |
151.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
-0.8 |
-0.6 |
-0.4 |
0.0 |
|
Net Income Before Extraord Items |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
Net Income |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
530.3 |
530.3 |
530.2 |
530.3 |
530.4 |
|
Basic EPS Excl Extraord Items |
0.34 |
0.49 |
0.57 |
0.34 |
0.28 |
|
Basic/Primary EPS Incl Extraord Items |
0.34 |
0.49 |
0.57 |
0.34 |
0.28 |
|
Dilution Adjustment |
- |
- |
0.0 |
-0.5 |
-0.7 |
|
Diluted Net Income |
182.3 |
258.7 |
302.2 |
181.7 |
150.4 |
|
Diluted Weighted Average Shares |
542.9 |
547.9 |
547.7 |
556.9 |
561.5 |
|
Diluted EPS Excl Extraord Items |
0.34 |
0.47 |
0.55 |
0.33 |
0.27 |
|
Diluted EPS Incl Extraord Items |
0.34 |
0.47 |
0.55 |
0.33 |
0.27 |
|
Dividends per Share - Common Stock Primary Issue |
0.18 |
0.19 |
0.18 |
0.16 |
0.20 |
|
Gross Dividends - Common Stock |
95.9 |
100.7 |
92.8 |
85.6 |
105.5 |
|
Interest Expense, Supplemental |
30.1 |
31.9 |
36.5 |
41.0 |
48.4 |
|
Depreciation, Supplemental |
554.4 |
623.6 |
643.3 |
658.2 |
698.4 |
|
Total Special Items |
180.6 |
143.8 |
156.9 |
154.1 |
209.9 |
|
Normalized Income Before Tax |
588.4 |
559.4 |
485.0 |
542.3 |
540.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
34.1 |
12.1 |
4.5 |
29.0 |
65.8 |
|
Inc Tax Ex Impact of Sp Items |
259.2 |
168.3 |
29.7 |
234.6 |
245.4 |
|
Normalized Income After Tax |
329.2 |
391.1 |
455.3 |
307.7 |
295.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
328.8 |
390.3 |
454.6 |
307.2 |
295.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.62 |
0.74 |
0.86 |
0.58 |
0.56 |
|
Diluted Normalized EPS |
0.61 |
0.71 |
0.83 |
0.55 |
0.52 |
|
Amort of Acquisition Costs, Supplemental |
118.9 |
111.5 |
98.0 |
99.3 |
88.7 |
|
Advertising Expense, Supplemental |
- |
150.4 |
145.5 |
123.1 |
179.7 |
|
Research & Development Exp, Supplemental |
- |
918.6 |
847.4 |
736.8 |
815.1 |
|
Reported Operating Profit |
490.0 |
511.0 |
467.0 |
473.3 |
559.9 |
|
Reported Ordinary Profit |
468.9 |
440.2 |
386.9 |
439.2 |
451.8 |
|
Normalized EBIT |
490.0 |
511.0 |
467.1 |
473.3 |
559.9 |
|
Normalized EBITDA |
1,163.3 |
1,246.0 |
1,208.4 |
1,230.8 |
1,347.0 |
|
Current Tax - Total |
141.6 |
121.0 |
- |
- |
- |
|
Current Tax - Total |
141.6 |
121.0 |
- |
- |
- |
|
Deferred Tax - Total |
83.6 |
35.2 |
- |
- |
- |
|
Deferred Tax - Total |
83.6 |
35.2 |
- |
- |
- |
|
Income Tax - Total |
225.1 |
156.1 |
- |
- |
- |
|
Interest Cost - Domestic |
- |
50.4 |
46.7 |
43.1 |
40.5 |
|
Service Cost - Domestic |
- |
63.0 |
52.1 |
44.1 |
51.6 |
|
Prior Service Cost - Domestic |
- |
-15.5 |
-19.0 |
-15.1 |
6.4 |
|
Expected Return on Assets - Domestic |
- |
-26.4 |
-24.6 |
-17.2 |
-22.7 |
|
Actuarial Gains and Losses - Domestic |
- |
26.5 |
36.0 |
36.3 |
18.5 |
|
Domestic Pension Plan Expense |
- |
98.0 |
91.4 |
91.2 |
94.3 |
|
Defined Contribution Expense - Domestic |
- |
41.5 |
36.0 |
26.4 |
31.5 |
|
Total Pension Expense |
- |
139.5 |
127.3 |
117.5 |
125.9 |
|
Discount Rate - Domestic |
- |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
- |
1.25% |
1.25% |
1.25% |
1.25% |
|
Total Plan Interest Cost |
- |
50.4 |
46.7 |
43.1 |
40.5 |
|
Total Plan Service Cost |
- |
63.0 |
52.1 |
44.1 |
51.6 |
|
Total Plan Expected Return |
- |
-26.4 |
-24.6 |
-17.2 |
-22.7 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
992.8 |
1,100.2 |
1,060.4 |
915.4 |
868.2 |
|
Short Term Investments |
1,280.7 |
1,715.0 |
1,052.9 |
845.5 |
486.0 |
|
Cash and Short Term Investments |
2,273.5 |
2,815.2 |
2,113.3 |
1,760.8 |
1,354.2 |
|
Accounts Receivable -
Trade, Gross |
2,062.3 |
2,114.4 |
1,971.1 |
1,902.0 |
1,739.7 |
|
Provision for Doubtful
Accounts |
-48.6 |
-53.2 |
-50.9 |
-50.3 |
-48.1 |
|
Trade Accounts Receivable - Net |
2,013.7 |
2,061.1 |
1,920.2 |
1,851.6 |
1,691.7 |
|
Other Receivables |
133.9 |
163.5 |
127.1 |
81.8 |
167.4 |
|
Total Receivables, Net |
2,147.7 |
2,224.6 |
2,047.3 |
1,933.4 |
1,859.0 |
|
Inventories - Finished Goods |
- |
- |
842.2 |
720.8 |
888.9 |
|
Inventories - Work In Progress |
- |
- |
166.5 |
166.3 |
192.4 |
|
Inventories - Raw Materials |
- |
- |
200.8 |
164.5 |
226.4 |
|
Total Inventory |
1,195.5 |
1,275.5 |
1,209.5 |
1,051.6 |
1,307.7 |
|
Deferred Income Tax - Current Asset |
215.3 |
244.0 |
366.7 |
204.2 |
256.4 |
|
Other Current Assets |
328.1 |
309.9 |
318.7 |
285.9 |
334.7 |
|
Other Current Assets, Total |
543.4 |
553.9 |
685.4 |
490.1 |
591.1 |
|
Total Current Assets |
6,160.1 |
6,869.2 |
6,055.4 |
5,236.0 |
5,112.0 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
1,912.1 |
2,172.7 |
2,300.9 |
2,194.5 |
2,306.9 |
|
Goodwill, Net |
738.3 |
725.0 |
761.9 |
769.9 |
823.9 |
|
Intangibles, Net |
440.8 |
335.2 |
304.4 |
290.4 |
306.2 |
|
LT Investment - Affiliate Companies |
- |
34.2 |
33.9 |
30.1 |
- |
|
LT Investments - Other |
247.0 |
197.3 |
218.2 |
205.6 |
182.9 |
|
Long Term Investments |
247.0 |
231.5 |
252.1 |
235.8 |
182.9 |
|
Note Receivable - Long Term |
1.3 |
1.6 |
1.9 |
1.8 |
4.7 |
|
Deferred Income Tax - Long Term Asset |
350.7 |
464.7 |
366.8 |
377.8 |
401.0 |
|
Other Long Term Assets |
146.2 |
149.3 |
157.5 |
159.6 |
157.1 |
|
Other Long Term Assets, Total |
497.0 |
614.0 |
524.3 |
537.4 |
558.1 |
|
Total Assets |
9,996.5 |
10,949.2 |
10,200.8 |
9,265.7 |
9,294.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
907.9 |
1,069.7 |
900.6 |
889.5 |
881.9 |
|
Accrued Expenses |
425.8 |
441.0 |
426.2 |
387.5 |
400.8 |
|
Notes Payable/Short Term Debt |
726.7 |
412.4 |
610.6 |
629.2 |
682.6 |
|
Current Portion - Long Term Debt/Capital Leases |
255.0 |
145.6 |
295.8 |
294.3 |
426.9 |
|
Income Taxes Payable |
78.4 |
83.8 |
62.7 |
26.6 |
25.7 |
|
Other Payables |
345.0 |
367.7 |
379.9 |
326.8 |
369.0 |
|
Other Current Liabilities |
265.5 |
258.8 |
249.8 |
306.8 |
360.6 |
|
Other Current liabilities, Total |
688.9 |
710.4 |
692.5 |
660.2 |
755.2 |
|
Total Current Liabilities |
3,004.3 |
2,779.1 |
2,925.6 |
2,860.8 |
3,147.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,419.0 |
2,221.6 |
1,424.1 |
1,194.6 |
1,247.9 |
|
Total Long Term Debt |
1,419.0 |
2,221.6 |
1,424.1 |
1,194.6 |
1,247.9 |
|
Total Debt |
2,400.6 |
2,779.5 |
2,330.5 |
2,118.1 |
2,357.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
34.7 |
39.7 |
45.0 |
40.0 |
39.4 |
|
Deferred Income Tax |
34.7 |
39.7 |
45.0 |
40.0 |
39.4 |
|
Minority Interest |
7.9 |
7.7 |
8.2 |
6.7 |
4.5 |
|
Reserves |
10.4 |
11.3 |
11.6 |
0.0 |
- |
|
Pension Benefits - Underfunded |
468.0 |
544.8 |
543.7 |
585.3 |
592.2 |
|
Other Long Term Liabilities |
102.8 |
72.8 |
74.7 |
81.9 |
73.3 |
|
Other Liabilities, Total |
581.3 |
628.9 |
630.0 |
667.3 |
665.5 |
|
Total Liabilities |
5,047.2 |
5,677.0 |
5,033.1 |
4,769.2 |
5,104.9 |
|
|
|
|
|
|
|
|
Common Stock |
398.8 |
455.4 |
452.7 |
401.5 |
379.9 |
|
Common Stock |
398.8 |
455.4 |
452.7 |
401.5 |
379.9 |
|
Additional Paid-In Capital |
2,177.8 |
2,486.2 |
2,471.0 |
2,191.3 |
2,071.5 |
|
Retained Earnings (Accumulated Deficit) |
2,441.5 |
2,704.9 |
2,551.5 |
2,074.0 |
1,877.6 |
|
Treasury Stock - Common |
-16.5 |
-19.4 |
-20.1 |
-18.7 |
-16.8 |
|
Unrealized Gain (Loss) |
35.6 |
14.4 |
5.8 |
7.9 |
-5.2 |
|
Translation Adjustment |
-87.9 |
-366.6 |
-291.9 |
-160.0 |
-119.0 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Comprehensive Income |
0.0 |
-2.8 |
-1.1 |
0.4 |
2.0 |
|
Other Equity, Total |
-87.8 |
-369.3 |
-293.0 |
-159.6 |
-117.0 |
|
Total Equity |
4,949.3 |
5,272.2 |
5,167.8 |
4,496.5 |
4,189.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
9,996.5 |
10,949.1 |
10,200.8 |
9,265.7 |
9,294.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
530.3 |
530.3 |
530.2 |
530.2 |
530.3 |
|
Total Common Shares Outstanding |
530.3 |
530.3 |
530.2 |
530.2 |
530.3 |
|
Treasury Shares - Common Stock Primary Issue |
1.3 |
1.4 |
1.4 |
1.5 |
1.4 |
|
Employees |
- |
38,206 |
35,204 |
36,048 |
36,875 |
|
Number of Common Shareholders |
- |
31,067 |
21,991 |
19,438 |
19,837 |
|
Total Long Term Debt, Supplemental |
- |
2,367.2 |
1,116.7 |
1,060.9 |
1,674.9 |
|
Long Term Debt Maturing within 1 Year |
- |
145.6 |
295.8 |
294.3 |
426.3 |
|
Long Term Debt Maturing in Year 2 |
- |
279.4 |
144.9 |
263.0 |
279.7 |
|
Long Term Debt Maturing in Year 3 |
- |
327.7 |
277.8 |
117.9 |
248.8 |
|
Long Term Debt Maturing in Year 4 |
- |
303.5 |
60.3 |
246.2 |
0.2 |
|
Long Term Debt Maturing in Year 5 |
- |
776.8 |
301.6 |
53.8 |
233.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
607.2 |
422.6 |
380.9 |
528.5 |
|
Long Term Debt Maturing in 4-5 Years |
- |
1,080.3 |
362.0 |
300.0 |
233.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
534.1 |
36.2 |
85.7 |
487.0 |
|
Total Capital Leases, Supplemental |
- |
57.7 |
60.5 |
61.3 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
17.2 |
18.2 |
17.1 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
14.7 |
14.1 |
12.7 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
11.2 |
10.1 |
9.4 |
- |
|
Capital Lease Payments Due in Year 4 |
- |
10.1 |
6.7 |
6.3 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
1.9 |
4.0 |
4.1 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
25.9 |
24.2 |
22.2 |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
12.0 |
10.8 |
10.4 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
2.6 |
7.4 |
11.6 |
- |
|
Pension Obligation - Domestic |
- |
1,837.7 |
1,772.9 |
1,563.3 |
1,426.0 |
|
Plan Assets - Domestic |
- |
1,184.8 |
1,146.0 |
920.0 |
750.5 |
|
Funded Status - Domestic |
- |
-652.8 |
-627.0 |
-643.3 |
-675.5 |
|
Total Funded Status |
- |
-652.8 |
-627.0 |
-643.3 |
-675.5 |
|
Discount Rate - Domestic |
- |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
- |
1.25% |
1.25% |
1.25% |
-1.25% |
|
Prepaid Benefits - Domestic |
- |
15.1 |
19.6 |
25.2 |
28.7 |
|
Accrued Liabilities - Domestic |
- |
-540.7 |
-539.7 |
-580.5 |
-586.8 |
|
Other Assets, Net - Domestic |
- |
127.2 |
106.8 |
88.0 |
117.3 |
|
Net Assets Recognized on Balance Sheet |
- |
-398.4 |
-413.4 |
-467.3 |
-440.9 |
|
Total Plan Obligations |
- |
1,837.7 |
1,772.9 |
1,563.3 |
1,426.0 |
|
Total Plan Assets |
- |
1,184.8 |
1,146.0 |
920.0 |
750.5 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
407.8 |
415.6 |
328.0 |
388.2 |
330.6 |
|
Depreciation |
554.4 |
623.6 |
643.3 |
658.2 |
698.4 |
|
Depreciation/Depletion |
554.4 |
623.6 |
643.3 |
658.2 |
698.4 |
|
Amortization of Acquisition Costs |
118.9 |
111.5 |
98.0 |
99.3 |
88.7 |
|
Amortization |
118.9 |
111.5 |
98.0 |
99.3 |
88.7 |
|
Unusual Items |
54.4 |
12.0 |
37.7 |
50.5 |
50.3 |
|
Other Non-Cash Items |
-9.2 |
16.3 |
-136.8 |
-40.6 |
13.6 |
|
Non-Cash Items |
45.1 |
28.4 |
-99.1 |
9.8 |
63.9 |
|
Accounts Receivable |
80.8 |
-226.6 |
33.5 |
-94.9 |
548.8 |
|
Inventories |
59.8 |
-79.4 |
-91.0 |
308.7 |
-35.3 |
|
Other Assets |
-74.4 |
-59.5 |
-62.1 |
-82.9 |
-73.8 |
|
Accounts Payable |
-254.2 |
186.4 |
5.1 |
-4.9 |
-103.2 |
|
Accrued Expenses |
-2.1 |
-1.1 |
-2.4 |
-5.9 |
-32.7 |
|
Payable/Accrued |
10.3 |
11.0 |
28.0 |
-70.5 |
-127.6 |
|
Other Assets & Liabilities, Net |
-5.7 |
15.8 |
-5.6 |
39.2 |
0.0 |
|
Other Operating Cash Flow |
-139.6 |
-109.1 |
-82.7 |
-24.6 |
-282.3 |
|
Changes in Working Capital |
-325.1 |
-262.5 |
-177.3 |
64.3 |
-106.2 |
|
Cash from Operating Activities |
801.1 |
916.5 |
793.0 |
1,219.9 |
1,075.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-373.8 |
-368.6 |
-432.1 |
-362.5 |
-613.5 |
|
Purchase/Acquisition of Intangibles |
-97.5 |
-74.2 |
-67.8 |
-62.8 |
-77.4 |
|
Capital Expenditures |
-471.3 |
-442.8 |
-499.9 |
-425.3 |
-690.8 |
|
Acquisition of Business |
-278.6 |
-100.0 |
-29.3 |
0.0 |
-278.5 |
|
Sale of Business |
- |
0.0 |
6.7 |
0.0 |
77.2 |
|
Sale of Fixed Assets |
11.9 |
6.4 |
13.5 |
17.9 |
17.6 |
|
Sale/Maturity of Investment |
3.6 |
16.7 |
0.3 |
12.9 |
0.2 |
|
Purchase of Investments |
-12.6 |
-3.2 |
-6.7 |
-34.7 |
-12.7 |
|
Other Investing Cash Flow |
-17.6 |
-18.5 |
-6.8 |
-6.1 |
-10.3 |
|
Other Investing Cash Flow Items, Total |
-293.3 |
-98.7 |
-22.2 |
-10.0 |
-206.5 |
|
Cash from Investing Activities |
-764.6 |
-541.5 |
-522.1 |
-435.3 |
-897.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
0.6 |
0.0 |
-2.7 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
0.6 |
0.0 |
-2.7 |
|
Cash Dividends Paid - Common |
-95.9 |
-100.6 |
-92.7 |
-99.8 |
-92.3 |
|
Total Cash Dividends Paid |
-95.9 |
-100.6 |
-92.7 |
-99.8 |
-92.3 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.2 |
2.2 |
|
Repurchase/Retirement
of Common |
-0.1 |
-0.1 |
-0.9 |
-1.2 |
-6.6 |
|
Common Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-1.0 |
-4.4 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
-0.1 |
-0.8 |
-1.0 |
-4.4 |
|
Short Term Debt, Net |
273.6 |
-208.2 |
-76.4 |
-67.4 |
-164.2 |
|
Long Term Debt Issued |
174.8 |
991.7 |
361.6 |
172.2 |
446.0 |
|
Long Term Debt
Reduction |
-648.8 |
-348.5 |
-343.1 |
-475.3 |
-132.9 |
|
Long Term Debt, Net |
-474.0 |
643.2 |
18.5 |
-303.1 |
313.1 |
|
Issuance (Retirement) of Debt, Net |
-200.4 |
435.0 |
-57.9 |
-370.5 |
148.8 |
|
Cash from Financing Activities |
-296.4 |
334.2 |
-150.9 |
-471.3 |
49.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
42.8 |
9.9 |
8.3 |
14.0 |
-112.6 |
|
Net Change in Cash |
-217.2 |
719.2 |
128.4 |
327.3 |
114.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,795.4 |
2,218.2 |
1,915.5 |
1,438.8 |
1,216.0 |
|
Net Cash - Ending Balance |
2,578.2 |
2,937.3 |
2,043.9 |
1,766.1 |
1,330.8 |
|
Cash Interest Paid |
31.3 |
30.6 |
36.2 |
41.7 |
45.7 |
|
Cash Taxes Paid |
162.8 |
78.4 |
109.7 |
16.9 |
345.1 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
9,799.5 |
9,724.8 |
9,078.5 |
8,655.6 |
9,432.7 |
|
Total Revenue |
9,799.5 |
9,724.8 |
9,078.5 |
8,655.6 |
9,432.7 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Cost of Sales |
5,272.8 |
5,224.9 |
4,940.7 |
4,733.9 |
5,177.0 |
|
Selling, general and administrative expe |
4,036.7 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
- |
1,314.3 |
- |
- |
- |
|
Selling Expenses |
- |
166.2 |
132.1 |
117.8 |
144.4 |
|
Storage Expenses |
- |
232.8 |
230.0 |
200.1 |
201.7 |
|
Advertising Expenses |
- |
150.4 |
145.5 |
123.1 |
179.7 |
|
Payroll |
- |
882.6 |
793.9 |
765.3 |
796.1 |
|
Research & Development |
- |
918.6 |
847.4 |
736.8 |
813.8 |
|
Depreciation |
- |
176.7 |
172.0 |
168.9 |
161.4 |
|
Periodic Retirement Benefit |
- |
68.8 |
62.2 |
55.7 |
50.8 |
|
Allowance for Bonus |
- |
61.1 |
54.7 |
44.2 |
39.6 |
|
Allowance for Doubtful Account |
- |
17.4 |
11.7 |
16.4 |
13.3 |
|
Other General Expenses |
- |
- |
1,221.4 |
1,220.2 |
1,295.1 |
|
Other Unusual Expense (Income) |
0.0 |
- |
- |
- |
- |
|
Other |
-0.3 |
- |
- |
- |
- |
|
Reversal Of Provision For Loss On Busine |
- |
-0.2 |
- |
- |
- |
|
Other Non Rec. I/E - Non Business Activ. |
- |
-47.2 |
- |
- |
- |
|
SP Patent related income |
- |
- |
0.0 |
-2.8 |
-5.6 |
|
SP Other special income of foreign subs. |
-1.1 |
-3.1 |
-5.9 |
-8.1 |
0.0 |
|
SP Other special gains |
- |
- |
- |
0.0 |
-4.6 |
|
SP Loss Val. Affili. Stocks |
- |
- |
- |
- |
0.0 |
|
SP Loss Val Inv.Secs. |
0.0 |
34.2 |
7.9 |
5.4 |
38.1 |
|
Group Restructuring Expenses |
3.6 |
- |
- |
- |
- |
|
SP Impairment Loss |
35.0 |
11.3 |
12.0 |
27.6 |
11.6 |
|
SP Lawsuit related cost |
- |
- |
- |
- |
0.0 |
|
SP Environmental measure exp. |
- |
- |
- |
- |
0.0 |
|
SP Special add. retirement benefits |
- |
- |
- |
- |
0.0 |
|
SP Other special loss from oversea sub. |
- |
- |
- |
- |
0.0 |
|
SP L on adjustment for changes of accoun |
- |
0.0 |
11.5 |
0.0 |
- |
|
SP Loss on disaster |
- |
0.7 |
5.3 |
0.0 |
- |
|
SP Restructuring Expenses |
4.6 |
15.2 |
39.6 |
22.4 |
100.5 |
|
SP L on revision of retir. benefit |
- |
- |
- |
0.0 |
20.4 |
|
NOP L on retirement of inventories |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
9,351.2 |
9,224.7 |
8,681.8 |
8,226.8 |
9,033.2 |
|
|
|
|
|
|
|
|
SP Gain Sale Fix.Assets |
2.5 |
1.5 |
5.3 |
9.2 |
2.5 |
|
Foreign Exchange Gains |
18.2 |
- |
- |
- |
- |
|
G/L on Invest. HFS, Maturity & Trading |
- |
7.6 |
- |
- |
- |
|
SP Gain Sale Inv.Secs. |
0.7 |
0.0 |
0.1 |
7.5 |
0.1 |
|
Gain on sales of subsidiaries and affili |
- |
0.0 |
0.1 |
0.0 |
27.9 |
|
SP Gain on transfer of business |
- |
- |
- |
0.0 |
30.5 |
|
SP Reversal G Business Liquid. Loss |
- |
- |
29.2 |
11.0 |
9.3 |
|
SP Loss Sale/retire. Fix.Assets |
-22.6 |
-23.0 |
-23.1 |
-30.5 |
-31.0 |
|
SP Loss Sale Inv.Secs. |
- |
0.0 |
0.0 |
-3.8 |
0.0 |
|
NOP Interest Income |
12.7 |
13.9 |
16.7 |
18.8 |
16.5 |
|
NOP Dividend Income |
5.1 |
5.9 |
4.3 |
3.9 |
5.2 |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
NOP Equity Gain |
0.7 |
0.8 |
1.3 |
0.9 |
0.0 |
|
NOP Other Income |
56.3 |
48.1 |
46.4 |
60.8 |
57.2 |
|
NOP Interest Expenses |
-30.1 |
-31.9 |
-36.5 |
-41.0 |
-48.4 |
|
NOP Exchange Loss |
- |
-32.5 |
-43.9 |
-12.1 |
-72.4 |
|
NOP Equity Loss |
- |
- |
- |
0.0 |
-1.0 |
|
NOP Other Expenses |
-84.1 |
-75.1 |
-68.5 |
-65.4 |
-65.1 |
|
Net Income Before Taxes |
407.8 |
415.6 |
328.1 |
388.2 |
330.6 |
|
|
|
|
|
|
|
|
Total income taxes |
225.1 |
156.2 |
25.2 |
205.6 |
179.5 |
|
Net Income After Taxes |
182.7 |
259.4 |
302.9 |
182.6 |
151.1 |
|
|
|
|
|
|
|
|
Minority interests in income |
-0.4 |
-0.8 |
-0.6 |
-0.4 |
0.0 |
|
Net Income Before Extra. Items |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
Net Income |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Earning Adjustment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
182.3 |
258.7 |
302.2 |
182.2 |
151.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
530.3 |
530.3 |
530.2 |
530.3 |
530.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.34 |
0.49 |
0.57 |
0.34 |
0.28 |
|
Basic EPS Including ExtraOrdinary Items |
0.34 |
0.49 |
0.57 |
0.34 |
0.28 |
|
Dilution Adjustment |
- |
- |
0.0 |
-0.5 |
-0.7 |
|
Diluted Net Income |
182.3 |
258.7 |
302.2 |
181.7 |
150.4 |
|
Diluted Weighted Average Shares |
542.9 |
547.9 |
547.7 |
556.9 |
561.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.34 |
0.47 |
0.55 |
0.33 |
0.27 |
|
Diluted EPS Including ExtraOrd Items |
0.34 |
0.47 |
0.55 |
0.33 |
0.27 |
|
DPS-Common Stock |
0.18 |
0.19 |
0.18 |
0.16 |
0.20 |
|
Gross Dividends - Common Stock |
95.9 |
100.7 |
92.8 |
85.6 |
105.5 |
|
Normalized Income Before Taxes |
588.4 |
559.4 |
485.0 |
542.3 |
540.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
259.2 |
168.3 |
29.7 |
234.6 |
245.4 |
|
Normalized Income After Taxes |
329.2 |
391.1 |
455.3 |
307.7 |
295.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
328.8 |
390.3 |
454.6 |
307.2 |
295.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.62 |
0.74 |
0.86 |
0.58 |
0.56 |
|
Diluted Normalized EPS |
0.61 |
0.71 |
0.83 |
0.55 |
0.52 |
|
Interest Expense |
30.1 |
31.9 |
36.5 |
41.0 |
48.4 |
|
BC - Depreciation of Goodwill |
118.9 |
- |
- |
- |
- |
|
Amortization of Goodwill - footnote |
- |
111.5 |
- |
- |
- |
|
Amort of goodwill |
- |
- |
98.0 |
99.3 |
88.7 |
|
Advertising Expenses |
- |
150.4 |
145.5 |
123.1 |
179.7 |
|
Total Research And Development Expense |
- |
918.6 |
847.4 |
736.8 |
813.8 |
|
R & D Expenses, COGS |
- |
- |
- |
- |
1.3 |
|
BC - Depreciation of Fixed Assets |
554.4 |
- |
- |
- |
- |
|
Dep. of Tangible Assets-Current Portion |
- |
623.6 |
- |
- |
- |
|
Depreciation |
- |
- |
643.3 |
658.2 |
698.4 |
|
Income taxes-current |
141.6 |
121.0 |
- |
- |
- |
|
Current Tax - Total |
141.6 |
121.0 |
- |
- |
- |
|
Income taxes-deferred |
83.6 |
35.2 |
- |
- |
- |
|
Deferred Tax - Total |
83.6 |
35.2 |
- |
- |
- |
|
Income Tax - Total |
225.1 |
156.1 |
- |
- |
- |
|
Reported Operating Profit |
490.0 |
511.0 |
467.0 |
473.3 |
559.9 |
|
Reported Ordinary Profit |
468.9 |
440.2 |
386.9 |
439.2 |
451.8 |
|
Service Cost |
- |
63.0 |
52.1 |
44.1 |
51.6 |
|
Interest cost |
- |
50.4 |
46.7 |
43.1 |
40.5 |
|
Expected Return on Plan Assets |
- |
-26.4 |
-24.6 |
-17.2 |
-22.7 |
|
Actuarial Gains & Losses |
- |
26.5 |
36.0 |
36.3 |
18.5 |
|
Prior Service Cost |
- |
-15.5 |
-19.0 |
-15.1 |
6.4 |
|
Domestic Pension Plan Expense |
- |
98.0 |
91.4 |
91.2 |
94.3 |
|
Defined Contribution Plan |
- |
41.5 |
36.0 |
26.4 |
31.5 |
|
Total Pension Expense |
- |
139.5 |
127.3 |
117.5 |
125.9 |
|
Discount Rate - Domestic |
- |
2.50% |
- |
- |
- |
|
Discount Rate |
- |
- |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
- |
1.25% |
- |
- |
- |
|
Expected Rate of Return |
- |
- |
1.25% |
1.25% |
1.25% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
992.8 |
1,100.2 |
1,060.4 |
915.4 |
868.2 |
|
Notes and accounts receivable-trade |
2,062.3 |
2,114.4 |
1,971.1 |
1,902.0 |
1,739.7 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Lease receivables and investment assets |
170.1 |
167.2 |
172.9 |
149.8 |
137.7 |
|
Short-term investment securities |
1,280.7 |
1,715.0 |
1,052.9 |
845.5 |
486.0 |
|
Inventories |
1,195.5 |
1,275.5 |
- |
- |
- |
|
Inventories-merchandise & finished goods |
- |
- |
842.2 |
720.8 |
888.9 |
|
Inventories - work-in-process |
- |
- |
166.5 |
166.3 |
192.4 |
|
Inventories - raw materials & supplies |
- |
- |
200.8 |
164.5 |
226.4 |
|
Dfrd. Tax Assets |
215.3 |
244.0 |
366.7 |
204.2 |
256.4 |
|
Accounts receivable-other |
133.9 |
163.5 |
127.1 |
81.8 |
167.4 |
|
Other Cur. Asset |
157.9 |
142.7 |
145.8 |
136.1 |
197.1 |
|
Allow Doubt Acc. |
-48.6 |
-53.2 |
-50.9 |
-50.3 |
-48.1 |
|
Total Current Assets |
6,160.1 |
6,869.2 |
6,055.4 |
5,236.0 |
5,112.0 |
|
|
|
|
|
|
|
|
other ppe, net |
0.0 |
- |
- |
- |
- |
|
other total PPE,net |
- |
0.0 |
- |
- |
- |
|
Buildings and structures, net |
729.1 |
811.7 |
837.0 |
713.9 |
728.3 |
|
Machinery, equipment and vehicles, net |
360.3 |
482.8 |
621.7 |
564.9 |
705.9 |
|
Tools, furniture and fixtures, net |
261.3 |
272.0 |
243.2 |
235.7 |
272.1 |
|
Land |
361.5 |
407.9 |
407.5 |
367.3 |
354.7 |
|
Lease assets, net |
5.1 |
5.0 |
5.9 |
3.9 |
2.0 |
|
Construction IP |
74.1 |
94.9 |
79.5 |
180.9 |
116.7 |
|
Assets for rent, net |
120.7 |
98.3 |
106.0 |
127.9 |
127.2 |
|
Amort Consoli-Ad |
738.3 |
725.0 |
761.9 |
769.9 |
823.9 |
|
Other Total Intangible Assets, Net |
- |
0.0 |
- |
- |
- |
|
Other Intangible Asset |
440.8 |
335.2 |
304.4 |
290.4 |
306.2 |
|
other LT investment |
- |
197.3 |
- |
- |
- |
|
Investment Sec. |
247.0 |
- |
218.2 |
205.6 |
182.9 |
|
Invt Secs Noncons, Asc, Affd Cos |
- |
34.2 |
- |
- |
- |
|
Equity secs.-nonconsol affil.&sub. |
- |
- |
33.9 |
30.1 |
- |
|
Long-term loans receivable |
1.3 |
1.6 |
1.9 |
1.8 |
4.7 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
- |
0.0 |
- |
- |
- |
|
Long-term prepaid expenses |
25.4 |
32.2 |
36.6 |
35.9 |
34.8 |
|
Deferred tax assets |
350.7 |
464.7 |
366.8 |
377.8 |
401.0 |
|
Other Assets |
135.4 |
125.7 |
129.7 |
132.4 |
127.5 |
|
Allow Doubt Acc. |
-14.5 |
-8.6 |
-8.8 |
-8.7 |
-5.3 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Total Assets |
9,996.5 |
10,949.2 |
10,200.8 |
9,265.7 |
9,294.8 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
907.9 |
1,069.7 |
900.6 |
889.5 |
881.9 |
|
Short-term loans payable |
716.3 |
399.5 |
603.5 |
623.2 |
657.9 |
|
Current portion of long-term loans payab |
255.0 |
145.6 |
295.8 |
294.3 |
122.5 |
|
Curr. Port. Bond |
- |
- |
- |
0.0 |
304.4 |
|
Accounts payable-other |
345.0 |
367.7 |
379.9 |
326.8 |
369.0 |
|
Accrued Expenses |
308.1 |
307.2 |
293.0 |
266.3 |
281.2 |
|
Inc. Tax Payable |
78.4 |
83.8 |
62.7 |
26.6 |
25.7 |
|
Provision for Bonus |
115.2 |
131.4 |
131.6 |
119.6 |
118.8 |
|
Provision for directors'' bonuses |
2.4 |
2.5 |
1.6 |
1.6 |
0.9 |
|
Rounding adjustment Liability |
0.1 |
0.0 |
- |
- |
- |
|
Allow. Warranty |
12.7 |
12.7 |
19.6 |
20.0 |
25.3 |
|
Asset retirement obligations |
0.4 |
1.8 |
0.5 |
0.0 |
- |
|
Notes payable-facilities |
10.4 |
12.9 |
7.1 |
6.0 |
24.7 |
|
Allowance for Business Withdrawal Loss |
- |
- |
0.3 |
50.4 |
73.6 |
|
Other Cur. Liabs |
252.4 |
244.3 |
229.4 |
236.4 |
261.7 |
|
Total Current Liabilities |
3,004.3 |
2,779.1 |
2,925.6 |
2,860.8 |
3,147.5 |
|
|
|
|
|
|
|
|
Corporate Bond |
744.0 |
1,335.2 |
844.6 |
428.1 |
405.0 |
|
Long-term loans payable |
675.0 |
886.4 |
579.5 |
766.5 |
843.0 |
|
Total Long Term Debt |
1,419.0 |
2,221.6 |
1,424.1 |
1,194.6 |
1,247.9 |
|
|
|
|
|
|
|
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
Reval Dfrd Asset |
34.7 |
39.7 |
45.0 |
40.0 |
39.4 |
|
Accrued Retire |
465.0 |
540.7 |
539.7 |
580.5 |
586.8 |
|
Asset retirement obligations |
10.4 |
11.3 |
11.6 |
0.0 |
- |
|
Provision for directors'' retirement ben |
3.0 |
4.1 |
4.0 |
4.8 |
5.4 |
|
Other LT Liabs. |
102.8 |
72.7 |
74.7 |
81.9 |
73.3 |
|
Minority Int. |
7.9 |
7.7 |
8.2 |
6.7 |
4.5 |
|
Total Liabilities |
5,047.2 |
5,677.0 |
5,033.1 |
4,769.2 |
5,104.9 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Common Stock |
398.8 |
455.4 |
452.7 |
401.5 |
379.9 |
|
Total capital surpluses |
2,169.7 |
2,477.9 |
2,463.1 |
2,184.7 |
2,066.8 |
|
Retained Earnings |
2,441.5 |
2,704.9 |
2,551.5 |
2,074.0 |
1,877.6 |
|
Valuation difference on available-for-sa |
35.6 |
14.4 |
5.8 |
7.9 |
-5.2 |
|
Unrealized Gain/Loss on Hedge |
0.0 |
-2.8 |
-1.1 |
0.4 |
2.0 |
|
Translate Adjust |
-87.9 |
-366.6 |
-291.9 |
-160.0 |
-119.0 |
|
Treasure Stock |
-16.5 |
-19.4 |
-20.1 |
-18.7 |
-16.8 |
|
Stock Subscription |
8.1 |
8.3 |
7.9 |
6.6 |
4.7 |
|
Total Equity |
4,949.3 |
5,272.2 |
5,167.8 |
4,496.5 |
4,189.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
9,996.5 |
10,949.1 |
10,200.8 |
9,265.7 |
9,294.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
530.3 |
530.3 |
530.2 |
530.2 |
530.3 |
|
Total Common Shares Outstanding |
530.3 |
530.3 |
530.2 |
530.2 |
530.3 |
|
T/S-Common Stock |
1.3 |
1.4 |
1.4 |
1.5 |
1.4 |
|
Full-Time Employees |
- |
38,206 |
35,204 |
36,048 |
36,875 |
|
Total Number of Shareholders |
- |
31,067 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
21,991 |
19,438 |
19,837 |
|
LT Debts Maturing within 1yr. |
- |
145.6 |
295.8 |
294.3 |
426.3 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
- |
279.4 |
- |
- |
- |
|
LT Debts Maturing within 2yr. |
- |
- |
144.9 |
263.0 |
279.7 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
- |
327.7 |
- |
- |
- |
|
LT Debts Maturing within 3yr. |
- |
- |
277.8 |
117.9 |
248.8 |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
- |
242.8 |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
- |
60.7 |
- |
- |
- |
|
LT Debts Maturing within 4yr. |
- |
- |
60.3 |
246.2 |
0.2 |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
- |
728.3 |
- |
- |
- |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
- |
48.6 |
- |
- |
- |
|
LT Debts Maturing within 5yr. |
- |
- |
301.6 |
53.8 |
233.0 |
|
Bond Redemption Remaining |
- |
364.1 |
- |
- |
- |
|
Loans Payable Remaining |
- |
170.0 |
- |
- |
- |
|
Remainings |
- |
- |
36.2 |
85.7 |
487.0 |
|
Total Long Term Debt, Supplemental |
- |
2,367.2 |
1,116.7 |
1,060.9 |
1,674.9 |
|
Capital Lease Payments Due within 1 Year |
- |
17.2 |
18.2 |
17.1 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
- |
14.7 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
- |
- |
14.1 |
12.7 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
- |
11.2 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
- |
- |
10.1 |
9.4 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
- |
10.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
6.7 |
6.3 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
- |
1.9 |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
4.0 |
4.1 |
- |
|
Capital Lease Remaining |
- |
2.6 |
- |
- |
- |
|
Capital Leases - Remaining Maturities |
- |
- |
7.4 |
11.6 |
- |
|
Total Capital Leases, Supplemental |
- |
57.7 |
60.5 |
61.3 |
- |
|
Pension Obligation |
- |
1,837.7 |
1,772.9 |
1,563.3 |
1,426.0 |
|
Fair Value of Plan Assets |
- |
1,184.8 |
1,146.0 |
920.0 |
750.5 |
|
Funded Status |
- |
-652.8 |
-627.0 |
-643.3 |
-675.5 |
|
Total Funded Status |
- |
-652.8 |
-627.0 |
-643.3 |
-675.5 |
|
Discount Rate |
- |
2.50% |
2.50% |
2.50% |
2.50% |
|
Expected Return on Plan Assets |
- |
1.25% |
1.25% |
1.25% |
-1.25% |
|
Unrecognized Actuarial Gains & Losses |
- |
153.9 |
148.1 |
145.0 |
188.5 |
|
Unrecognized Prior Service Cost |
- |
-26.7 |
-41.3 |
-57.0 |
-71.2 |
|
Prepaid Pension Benefits |
- |
15.1 |
19.6 |
25.2 |
28.7 |
|
Accrued Pension Benefits |
- |
-540.7 |
-539.7 |
-580.5 |
-586.8 |
|
Net Assets Recognized on Balance Sheet |
- |
-398.4 |
-413.4 |
-467.3 |
-440.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
|
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
|
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
407.8 |
415.6 |
328.0 |
388.2 |
330.6 |
|
Depreciation |
554.4 |
623.6 |
643.3 |
658.2 |
698.4 |
|
Other Unusual included in Other Noncash |
- |
-7.6 |
- |
- |
- |
|
Other Unusual included in |
- |
-47.2 |
- |
- |
- |
|
Impairment Loss |
35.0 |
11.3 |
12.0 |
27.6 |
11.6 |
|
Amort Consoli-Adjust |
118.9 |
111.5 |
98.0 |
99.3 |
88.7 |
|
Allow Doubt Acc. |
- |
- |
- |
- |
0.0 |
|
Int.& Dividend Inc. |
-17.8 |
-19.8 |
-21.1 |
-22.7 |
-21.7 |
|
Interest Expenses |
30.1 |
31.9 |
36.5 |
41.0 |
48.4 |
|
Loss (gain) on sales and retirement of n |
20.0 |
21.4 |
17.8 |
21.3 |
28.5 |
|
Loss (gain) on sales and valuation of in |
-0.6 |
34.2 |
7.9 |
1.6 |
38.0 |
|
G/L on Sale of Affiliates' Stock |
- |
- |
- |
0.0 |
-27.9 |
|
Patent related income |
- |
- |
- |
- |
0.0 |
|
Rev. Business Withdrawal Loss |
- |
- |
- |
- |
0.0 |
|
Lawsuit related cost |
- |
- |
- |
- |
0.0 |
|
Environmental measure exp. |
- |
- |
- |
- |
0.0 |
|
Special add retirement benefits |
- |
- |
- |
- |
0.0 |
|
Other special loss from oversea sub. |
- |
- |
- |
- |
0.0 |
|
Gain on transfer of business |
- |
- |
- |
0.0 |
-30.5 |
|
Increase (decrease) in provision for bon |
-2.1 |
-1.1 |
-2.4 |
-5.9 |
-32.7 |
|
Increase (decrease) in provision for ret |
-21.6 |
4.5 |
-97.5 |
-31.5 |
56.8 |
|
Increase (decrease) in provision for los |
- |
-0.3 |
-54.7 |
-27.5 |
-44.4 |
|
Decrease (increase) in notes and account |
59.8 |
-170.2 |
39.8 |
-115.3 |
503.5 |
|
Decrease (increase) in inventories |
59.8 |
-79.4 |
-91.0 |
308.7 |
-35.3 |
|
Increase (decrease) in notes and account |
-254.2 |
186.4 |
5.1 |
-4.9 |
-103.2 |
|
Decrease/increase in consumption taxes r |
-5.7 |
15.8 |
-5.6 |
39.2 |
0.0 |
|
Leased Asset, net |
- |
- |
- |
- |
0.0 |
|
Decrease (increase) in accounts receivab |
21.1 |
-56.3 |
-6.3 |
20.4 |
45.2 |
|
Increase (decrease) in accounts payable- |
10.3 |
11.0 |
28.0 |
-70.5 |
-127.6 |
|
Operating Leased Asset |
-74.4 |
-59.5 |
-62.1 |
-82.9 |
-73.8 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
36.0 |
-19.5 |
42.0 |
9.6 |
89.7 |
|
Int.& Dividend Rcv'd |
18.4 |
19.4 |
21.1 |
24.4 |
19.9 |
|
Interest Paid |
-31.3 |
-30.6 |
-36.2 |
-41.7 |
-45.7 |
|
Special Additional Retirement B'fit Paid |
- |
- |
- |
0.0 |
-1.0 |
|
Income taxes (paid) refund |
-162.8 |
-78.4 |
-109.7 |
-16.9 |
-345.1 |
|
Newly Consolidated |
- |
- |
- |
- |
5.0 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
801.1 |
916.5 |
793.0 |
1,219.9 |
1,075.4 |
|
|
|
|
|
|
|
|
Proceeds from sales of investments in ca |
0.0 |
16.7 |
- |
- |
- |
|
Purchase of property, plant and equipmen |
-373.8 |
-368.6 |
-432.1 |
-362.5 |
-613.5 |
|
Proceeds from sales of property, plant a |
11.9 |
6.4 |
13.5 |
17.9 |
17.6 |
|
Purch of Intangible |
-97.5 |
-74.2 |
-67.8 |
-62.8 |
-77.4 |
|
Business Transfer Income |
- |
0.0 |
6.7 |
0.0 |
45.6 |
|
Purchase of investments in subsidiaries' |
-124.6 |
- |
- |
- |
- |
|
Purchase of investments in subsidiaries |
-7.3 |
- |
- |
- |
- |
|
Payments for transfer of business |
-26.5 |
-30.3 |
- |
- |
- |
|
Purchase Additional Subsidiary Stock |
- |
- |
- |
- |
0.0 |
|
Sale Consol.Subsid. Stk-Consol.Range Chg |
- |
- |
- |
0.0 |
31.6 |
|
Purchase of New Consolid.Subsid.Stk. |
-120.2 |
-69.7 |
-29.3 |
0.0 |
-278.5 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Loans Made |
-3.6 |
-3.1 |
-5.5 |
-3.2 |
-2.8 |
|
Loans Collected |
1.2 |
1.7 |
2.8 |
2.7 |
2.1 |
|
Purch.Invest.in Sec. |
-9.0 |
-0.1 |
-1.1 |
-31.5 |
-9.9 |
|
Sales Invest.- Sec. |
3.6 |
0.0 |
0.3 |
12.9 |
0.2 |
|
Payments of valuation of other investmen |
-28.3 |
-22.5 |
-14.8 |
-13.0 |
-14.3 |
|
Other, net |
9.6 |
2.2 |
5.2 |
4.1 |
1.9 |
|
Cash from Investing Activities |
-764.6 |
-541.5 |
-522.1 |
-435.3 |
-897.3 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
273.6 |
-208.2 |
-76.4 |
-67.4 |
-164.2 |
|
Proceeds from long-term loans payable |
174.8 |
485.1 |
11.5 |
172.2 |
446.0 |
|
Repayment of long-term loans payable |
-146.7 |
-326.8 |
-321.7 |
-131.7 |
-63.3 |
|
Issuance of Bonds |
- |
506.6 |
350.1 |
0.0 |
- |
|
Redemp Corp Bond |
-482.1 |
- |
0.0 |
-322.8 |
-49.8 |
|
Redemp. of lease obligation |
-20.0 |
-21.7 |
-21.4 |
-20.9 |
-19.8 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Proceed from Minor. |
- |
0.0 |
0.6 |
- |
- |
|
Purch of Treasury |
-0.1 |
-0.1 |
-0.9 |
-1.2 |
-6.6 |
|
Sale of Treasury |
0.0 |
0.0 |
0.0 |
0.2 |
2.2 |
|
Dividend Paid |
-95.9 |
-100.6 |
-92.7 |
-99.8 |
-92.3 |
|
Dividend Paid to Minority Interest |
- |
- |
- |
0.0 |
-2.7 |
|
Cash from Financing Activities |
-296.4 |
334.2 |
-150.9 |
-471.3 |
49.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
42.8 |
9.9 |
8.3 |
14.0 |
-112.6 |
|
Net Change in Cash |
-217.2 |
719.2 |
128.4 |
327.3 |
114.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,795.4 |
2,218.2 |
1,915.5 |
1,438.8 |
1,216.0 |
|
Net Cash - Ending Balance |
2,578.2 |
2,937.3 |
2,043.9 |
1,766.1 |
1,330.8 |
|
Cash Interest Paid |
31.3 |
30.6 |
36.2 |
41.7 |
45.7 |
|
Cash Taxes Paid |
162.8 |
78.4 |
109.7 |
16.9 |
345.1 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Ratio
Comparisons
|
|
||
|
Traded: |
Financials in: USD
(actual units) |
|
|
Industry: Office
Equipment |
As of 14-Jun-2013 |
|
|
Sector: Technology |
||
|
|
Company |
Industry |
Sector |
S&P 500 |
|
Valuation Ratios |
||||
|
24.50 |
26.25 |
22.09 |
19.68 |
|
|
35.98 |
25.27 |
42.91 |
32.79 |
|
|
14.74 |
9.97 |
12.36 |
10.71 |
|
|
1.36 |
1.57 |
1.19 |
1.00 |
|
|
0.45 |
1.19 |
4.07 |
2.57 |
|
|
0.78 |
4.38 |
4.73 |
3.67 |
|
|
1.03 |
6.77 |
6.85 |
5.21 |
|
|
5.12 |
11.25 |
17.48 |
14.22 |
|
|
18.74 |
12.47 |
23.00 |
26.26 |
|
|
|
|
|
|
|
|
Dividends |
||||
|
2.19% |
2.67% |
1.65% |
2.26% |
|
|
16.00 |
1.59 |
0.71 |
1.99 |
|
|
0.00% |
-4.31% |
7.13% |
0.08% |
|
|
52.60% |
42.40% |
10.38% |
25.98% |
|
|
|
|
|
|
|
|
Growth Rates (%) |
||||
|
13.42% |
29.71% |
28.50% |
15.58% |
|
|
5.89% |
28.69% |
18.25% |
17.69% |
|
|
-5.37% |
7.10% |
16.94% |
8.97% |
|
|
-67.00% |
-36.07% |
41.24% |
19.49% |
|
|
-25.08% |
-23.73% |
49.53% |
32.55% |
|
|
-25.63% |
-5.36% |
20.44% |
9.86% |
|
|
-10.69% |
10.51% |
9.78% |
-2.04% |
|
|
|
|
|
|
|
|
Financial Strength |
||||
|
1.65 |
1.25 |
1.98 |
1.24 |
|
|
2.05 |
1.67 |
2.38 |
1.79 |
|
|
0.29 |
0.95 |
0.31 |
0.64 |
|
|
0.49 |
1.05 |
0.36 |
0.73 |
|
|
- |
4.44 |
11.30 |
13.80 |
|
|
|
|
|
|
|
|
Profitability Ratios (%) |
||||
|
46.19% |
46.34% |
55.32% |
45.21% |
|
|
45.67% |
45.20% |
53.24% |
44.91% |
|
|
11.87% |
10.02% |
25.78% |
24.43% |
|
|
13.33% |
8.05% |
21.39% |
22.84% |
|
|
4.58% |
6.32% |
22.29% |
20.63% |
|
|
4.64% |
4.71% |
17.62% |
18.28% |
|
|
4.16% |
5.60% |
22.54% |
17.95% |
|
|
3.99% |
3.95% |
18.75% |
17.10% |
|
|
1.86% |
4.41% |
17.35% |
13.65% |
|
|
2.28% |
2.37% |
12.72% |
12.10% |
|
|
55.20% |
33.34% |
23.73% |
28.45% |
|
|
42.86% |
30.77% |
24.82% |
29.92% |
|
|
|
|
|
|
|
|
Management Effectiveness (%) |
||||
|
1.65% |
4.07% |
12.89% |
8.54% |
|
|
2.09% |
1.90% |
10.70% |
8.40% |
|
|
2.28% |
2.21% |
13.09% |
7.90% |
|
|
3.01% |
1.28% |
11.50% |
8.27% |
|
|
3.36% |
21.25% |
25.23% |
19.72% |
|
|
4.38% |
3.36% |
21.05% |
20.06% |
|
|
|
|
|
|
|
|
Efficiency |
||||
|
- |
199,332.58 |
617,868.03 |
927,613.77 |
|
|
- |
10,734.92 |
132,630.14 |
116,121.92 |
|
|
4.53 |
5.10 |
8.08 |
13.25 |
|
|
4.02 |
6.10 |
19.61 |
14.53 |
|
|
0.88 |
0.92 |
0.75 |
0.93 |
|
Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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Stock Report
Stock Snapshot
Traded:
As of 14-Jun-2013 US Dollars
Recent Price $684.00 EPS $50.25
52 Week High $843.00 Price/Sales 0.45
52 Week Low $491.00 Dividend
Rate $15.00
Avg. Volume (mil) 4.75 Price/Earnings 24.13
Market Value (mil) $363,658.40 Price/Book 0.78
Beta 1.36
Price % Change Rel S&P 500%
4 Week -10.47% 6.20%
13 Week -8.92% -9.34%
52 Week 15.15% -20.90%
Year to Date 11.04% -9.63%
2 Year Weekly End Price &
Volume
Stock
History
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
UK Pound |
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.