MIRA INFORM REPORT
|
Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MITSUI & CO. LTD. |
|
|
|
|
Registered Office : |
1-2-1, Ote-machi,, Chiyoda-ku, Tokyo, 100-0004 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
25.07.1947 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
Subject is engaged in the sale, import, export and international
trading of various products in the fields of iron and steel products, metal
resource, machine and project, chemical, energy, food and retail, as well as
consumer service and information industries |
|
|
|
|
No. of Employees : |
44805 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A tiny
agricultural sector is highly subsidized and protected, with crop yields among
the highest in the world. Usually self-sufficient in rice, Japan imports about
60% of its food on a caloric basis. Japan maintains one of the world's largest
fishing fleets and accounts for nearly 15% of the global catch. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Measured on a purchasing power parity (PPP) basis that
adjusts for price differences, Japan in 2011 stood as the fourth-largest
economy in the world after second-place China, which surpassed Japan in 2001, and
third-place India, which edged out Japan in 2011. A sharp downturn in business
investment and global demand for Japan's exports in late 2008 pushed Japan
further into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake in March disrupted manufacturing. Electricity supplies
remain tight because Japan has temporarily shut down almost all of its nuclear
power plants after the Fukushima Daiichi nuclear reactors were crippled by the
earthquake and resulting tsunami. Estimates of the direct costs of the damage -
rebuilding homes, factories, and infrastructure - range from $235 billion to
$310 billion, and GDP declined almost 0.5% in 2011. Prime Minister Yoshihiko
NODA has proposed opening the agricultural and services sectors to greater
foreign competition and boosting exports through membership in the US-led
Trans-Pacific Partnership trade talks and by pursuing free-trade agreements
with the EU and others, but debate continues on restructuring the economy and
reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent
deflation, reliance on exports to drive growth, and an aging and shrinking
population are other major long-term challenges for the economy.
|
Source : CIA |
Company name & address
Mitsui & Co. Ltd.
1-2-1, Ote-machi,
Chiyoda-ku
Tokyo, 100-0004
Japan
Tel: 81-3-32851111
Fax: 81-3-32859819
Web: www.mitsui.com
Synthesis
Employees: 44,805
Company Type: Public
Parent
Corporate Family: 425
Companies
Traded:
Tokyo Stock Exchange: 8031
Over The Counter: MITSY
Incorporation Date: 25-Jul-1947
Auditor: Deloitte Touche Tohmatsu LLC
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 66,508.6 1
Net Income: 5,502.7
Total Assets: 109,386.2 2
Market Value: 24,975.2 (09-Nov-2012)
Business Description
MITSUI & CO., LTD. is a Japan-based diversified trading company. The
Company is engaged in the sale, import, export and international trading of
various products in the fields of iron and steel products, metal resource,
machine and project, chemical, energy, food and retail, as well as consumer
service and information industries. The Company is also engaged in the
provision of retail, information communication, technology, transportation and
finance services, the development of energy and raw iron resources, in addition
to the investment in new businesses such as information technology (IT),
renewable energy and environment-related businesses. The Company operates
through eight business segments. On July 1, 2011, it acquired a subsidiary from
Mercian Corporation. For the three months ended 30 June 2012, Mitsui & Co
Ltd revenues decreased 8% to Y1.18T. Net income decreased 21% to Y104.45B.
Revenues reflect Chemicals segment decrease of 32% to Y171.81B, Metal Resources
segment decrease of 11% to Y133.7B, Energy segment decrease of 4% to Y349.39B.
Net income also reflects Metal Resources segment income decrease of 34% to
Y32.79B, Chemicals segment loss totaling
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3322 - Metal and
Mineral Wholesaling
NACE 2002: 5152 - Wholesale
of metals and ores
NAICS 2002: 42352 - Coal and
Other Mineral and Ore Merchant Wholesalers
UK SIC 2003: 5152 - Wholesale
of metals and ores
UK SIC 2007: 4672 - Wholesale
of metals and metal ores
US SIC 1987: 5052 - Coal and
Other Minerals and Ores
Key Executives
|
Name |
Title |
|
Masami Iijima |
President, Chief Executive Officer, Chief Director of Risk
Counter-Plan, Representative Director |
|
Joji Okada |
Chief Financial Officer, Senior Managing Executive Officer,
Representative Director |
|
Masayuki Kinoshita |
Chief Information Officer, Chief Privacy Officer, Senior Managing
Executive Officer, Representative Director |
|
Koichi Tanaka |
Chief Compliance Officer, Managing Executive Officer, Representative
Director |
|
Hironobu Ishikawa |
Executive Officer, Director of Human Resources and General Affairs |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Class Action Lawsuit |
1 |
Mitsui & Co., Ltd.'s MOEX Offshore 2007 LLC Agrees To USD 90
Million Partial Settlement Of Liability In Deepwater Horizon Oil Spill |
18-Feb-2012 |
|
Mergers & Acquisitions |
2 |
BP Plc Announces Sale Of Interests In Alba And Britannia Fields To
Mitsui & Co., Ltd. |
26-Jun-2012 |
|
Divestitures |
4 |
Mitsui Sugar Co., Ltd. to Acquire Hokkaido Sugar Co.,Ltd. from Mitsui
& Co., Ltd. |
15-May-2012 |
|
Negative Earnings Pre-Announcement |
1 |
Mitsui & Co Ltd Lowers Consolidated Full-year Outlook for FY 2013 |
2-Nov-2012 |
|
General Reorganization |
1 |
Mitsui & Co Ltd Announces Dissolution and Liquidation of
Subsidiary |
7-May-2012 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
BOINGO WIRELESS REPORTS MULTIPLE
TRANSACTIONS BY 10 PERCENT OWNER MITSUI & CO. (California) |
28-Nov-2012 |
|
SM Energy Company at Bank of America
Merrill Lynch Global Energy Conference - Final |
27-Nov-2012 |
|
Sopogy closes preferred shares, warants
sale |
27-Nov-2012 |
|
Tokyo Closing Stock Prices(1) |
27-Nov-2012 |
|
Tokyo Stock Exchange: closing price list
-5- |
27-Nov-2012 |
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 78.96121
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 82.38536
Corporate Overview
Location
1-2-1, Ote-machi,
Chiyoda-ku
Tokyo, 100-0004
Japan
Tel: 81-3-32851111
Fax: 81-3-32859819
Web: www.mitsui.com
Quote Symbol - Exchange
8031 - Tokyo Stock
Exchange
Sales JPY(mil): 5,251,602.0
Assets JPY(mil): 9,011,823.0
Employees: 44,805
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 25-Jul-1947
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief
Executive Officer, Chief Director of Risk Counter-Plan, Representative
Director:
Masami Iijima
Company Web Links
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3322 - Metal and Mineral Wholesaling
4110 - Supermarket and Grocery Stores
3323 - Industrial and Agricultural Chemical Product Wholesaling
350 - Motor Vehicle and Motor Vehicle Parts Wholesaling
3609 - Other Grocery Wholesaling
3504 - Motor Vehicle New Parts Wholesaling
3494 - Other Electrical and Electronic Goods Wholesaling
3321 - Petroleum Product Wholesaling
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5152 - Wholesale of metals and ores
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5010 - Sale of motor vehicles
5190 - Other wholesale
5151 - Wholesale of solid, liquid and gaseous fuels and related
products
5030 - Sale of motor vehicle parts and accessories
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
5186 - Wholesale of other electronic parts and equipment
5155 - Wholesale of chemical products
NAICS 2002 Codes:
42352 - Coal and Other Mineral and Ore Merchant Wholesalers
424690 - Other Chemical and Allied Products Merchant Wholesalers
423110 - Automobile and Other Motor Vehicle Merchant Wholesalers
424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers
423510 - Metal Service Centers and Other Metal Merchant Wholesalers
424490 - Other Grocery and Related Products Merchant Wholesalers
424720 - Petroleum and Petroleum Products Merchant Wholesalers
(except Bulk Stations and Terminals)
423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers
445110 - Supermarkets and Other Grocery (except Convenience) Stores
423690 - Other Electronic Parts and Equipment Merchant Wholesalers
US SIC 1987:
5052 - Coal and Other Minerals and Ores
5013 - Motor Vehicle Supplies and New Parts
5411 - Grocery Stores
5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk
Stations and Terminals
5149 - Groceries and Related Products, Not Elsewhere Classified
5051 - Metals Service Centers and Offices
5065 - Electronic Parts and Equipment, Not Elsewhere Classified
5169 - Chemicals and Allied Products, Not Elsewhere Classified
5012 - Automobiles and Other Motor Vehicles
5199 - Nondurable Goods, Not Elsewhere Classified
UK SIC 2003:
5152 - Wholesale of metals and ores
5030 - Sale of motor vehicle parts and accessories
5211 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
5010 - Sale of motor vehicles
5190 - Other wholesale
5155 - Wholesale of chemical products
5186 - Wholesale of other electronic parts and equipment
51511 - Wholesale of petroleum and petroleum products
5138 - Wholesale of other food including fish, crustaceans and
molluscs
UK SIC 2007:
4672 - Wholesale of metals and metal ores
4652 - Wholesale of electronic and telecommunications equipment
and parts
4532 - Retail trade of motor vehicle parts and accessories
4711 - Retail sale in non-specialised stores with food, beverages
or tobacco predominating
46711 - Wholesale of petroleum and petroleum products
4675 - Wholesale of chemical products
4638 - Wholesale of other food, including fish, crustaceans and
molluscs
4511 - Sale of cars and light motor vehicles
4690 - Non-specialised wholesale trade
Business Description
MITSUI & CO.,
LTD. is a Japan-based trading company. The Company is engaged in the sale,
import, export, offshore trading and manufacture of various products in the
fields of iron and steel product, metal resources, machine and project,
chemical, energy, food and retail, as well as consumer service and information
industry. It is also engaged in the provision of retail, information
communication, technology, transportation and finance services, the development
of energy and raw iron resources, in addition to the investment in new
businesses such as information technology (IT), biotechnology and environmental
technology businesses. In September 2011, the Company acquired Portek
International Limited.
In December 2009,
the Company sold its electricity generation assets in Mexico to Mitsui &
Co. Ltd. and Tokyo Gas Co. Ltd. In March 2010, Mitsui & Co., Ltd. divested
all it shares of United Petroleum Development Co., Ltd. (UPD) to Japan Energy
Development Co., Ltd. (JED) and Cosmo Oil Company, Limited. In addition, on
March 29, 2010, the Company sold a 20% stake in a joint venture, pursuant to
which it no longer holds stake in the joint venture. In April 2010, the Company
acquired TRINET LOGISTICS CO., LTD.
The company
engaged in a range of global business activities including worldwide trading of
various commodities, arranging financing for customers and suppliers in
connection with its trading activities, organizing and coordinating industrial
projects, participating in financing and investing arrangements, assisting in
the procurement of raw materials and equipment, providing new technologies and
processes for manufacturing, and coordinating transportation and marketing of
finished goods. Its trading activities as a general trading company include the
sale, distribution, purchase, marketing, supply of and dealing in a wide
variety of products and services, as a principal or an agent, including iron
and steel, non-ferrous metals, machinery, electronics, chemicals,
energy-related commodities and products, food products, textiles, general
merchandise and real estate. The Company also participates in the development
of natural resources such as oil, gas, iron and steel raw materials. Recently,
it have been proactively making strategic business investments whereby it
invest its own capital and provide management expertise in the development of
joint ventures and new enterprises in certain industries such as information
technology (IT), energy saving and environmental solutions business.
The Company
operates in eight business segments: iron and steel products segment, mineral
and metal resources segment, machinery and infrastructure projects segment,
chemical segment, energy segment, foods and retail segment, consumer service
and IT segment, and logistics and financial markets segment.
Iron and Steel Products Segment
The Company’s
subsidiaries in the iron and steel products segment include Mitsui and Co.
Steel Ltd., MITSUI BUSSAN KOZAI HANBAI CO., LTD., MBK Steel Products West Co.,
Ltd., Regency Steel Asia Pte Ltd. and Bangkok Coil Center Co., Ltd. The
associated companies in the iron and steel products segment include Nippon
Steel Trading Co., Ltd. and Shanghai Bao-Mit Steel Distribution Co., Ltd.
The iron and steel
products segment is engaged in the manufacturing of steel sheet for automobile
and electric appliances, steel plates for shipbuilding and heavy electric
machinery, galvanized steel sheet and tin mill products; steel products for oil
and gas projects including OCTG and line pipe; wire rod, specialty steel and
bearing; steel bars and other steel construction materials, as well as
semi-finished items including steel slabs to be processed into steel plate and
sheet and steel billets to be processed into steel bars and wire rods. Gross
profit and net loss for this segment for the year ended March 31, 2009 were 5.1%
and minus or minus 2.7% of our consolidated total, respectively.
Mineral and Metal Resources Segment
The Company’s
subsidiaries in the mineral and metal resources segment include Mitsui Iron Ore
Development Pty. Ltd., Mitsui-Itochu Iron Pty. Ltd., Japan Collahuasi Resources
B.V., Mitsui Raw Materials Development Pty. Ltd., Mitsui Bussan Metals Co., Ltd.
The associated companies in the minerals and metal resources segment include
Valepar S.A., Coral Bay Nickel Corporation, SUMIC Nickel Netherlands B.V.,
Nippon Amazon Aluminum Co., Ltd., Inner Mongolia Erdos Electric Power &
Metallurgical Co., Ltd.
In the mineral and
metal resources segment, the Company secure mineral and metal resources by
making investments in overseas resource projects. The mineral and metal
resources include iron ore, metal scrap, ferro-alloys, copper, lead, zinc,
nickel, aluminium, alumina and construction materials. It also provides
recycling solutions.
Machinery and Infrastructure Projects Segment
The Company’s
subsidiaries in the machinery and infrastructure projects segment include MBK
Project Holdings Ltd., Mitsui & Co. Plant Systems, Ltd., Mitsui Power
Ventures Limited, Mit Power Canada LP Inc., Mitsui Renewable Energy Europe
Limited, Mitsui Rail Capital Holdings, Inc., Mitsui Rail Capital Europe B.V.,
Mitsui Rail Capital Participacoes Ltda., Mitsui Gas e Energia do Brasil Ltda.,
Cactus Energy Investment B.V., Drillship Investment B.V., Mitsui Water Holdings
(Thailand) Ltd., Atlatec Holdings, S.A. de C.V., Tokyo International Air Cargo
Terminal Ltd., Toyota Chile S.A., Mitsui Automotive North America Inc., Mitsui
Automotive Europe B.V., Mitsui Automotive CIS Investment B.V., PT. Bussan Auto
Finance, Mitsiam Motors Co., Ltd., Komatsu-Mitsui Maquinarias Peru S.A., Lepta
Shipping Co., Ltd., Clio Marine Inc., Orient Marine Co., Ltd., Mitsui Bussan
Aerospace Co., Ltd. The associated companies in this segment include Toyo
Engineering Corporation, IPM Eagle LLP, IPM (UK) Power Holdings Ltd, PT. Paiton
Energy, Compania de Generacion Valladolid S. de R.L. de C.V., AES Jordan
HoldCo, Ltd, Toyota Canada Inc., Penske Automotive Group, Inc., PT. Yamaha
Indonesia Motor Manufacturing, Komatsu Australia Pty. Ltd.
The Machinery & Infrastructure Projects Segment consists of three
business units, the Infrastructure Projects Business Unit, the Motor Vehicles
Business Unit and the Marine & Aerospace Business Unit.
The Infrastructure
Projects Business Unit covers a wide range of involvement in project
development, construction, business operations and management, implementation
and related services, including electric power projects, energy related
infrastructure projects, water supply projects, railway transportation-related
projects, social infrastructure projects, basic industry projects and
environment-related projects.
The Motor vehicle
Business Unit is engaged in the import and export, assembly and manufacturing,
distribution and dealership of motor vehicles, motor cycles and their parts,
and retail finance; as well as the trading of industrial machinery including
mining and construction equipment, production equipment and machine tools.
The Marine &
Aerospace Business Unit is engaged in the marketing and sale of cargo vessels,
tankers, container vessels, refrigerator vessels, automobile carriers, LNG and
LPG carriers, Floating Storage and Offloading (FSO) and Floating Production, Storage
and Offloading (FPSO) facilities; as well as passenger aircraft and cargo
aircraft, helicopters, aircraft engine, defense-related equipment and aerospace
systems, leasing of passenger aircraft and cargo aircraft and aircraft engines.
Chemicals Segment
The Company’s
subsidiaries in the chemicals segment include PT. Kaltim Pasifik Amoniak,
Japan-Arabia Methanol Co., Ltd., Mitsui Bussan Solvent & Coating Co., Ltd.,
Mitsui Agri Science International S.A. N.V., Mitsui Bussan Agro Business Co.,
Ltd, Daiichi Tanker Co., Ltd., Mitsui Bussan Plastics Trade Co., Ltd., Daito
Chemical Industries, Ltd., Shark Bay Salt Pty. Ltd., Mitsui Electronics SCM
(China) Co., Ltd.
The Chemical
Segment consists of the First Chemicals Business Unit and the Second Chemicals
Business Unit.
The First
Chemicals Business Unit provides petrochemical products, including methanol,
ammonia, Ethylene Dichloride (EDC), Vinyl Chloride Monomer (VCM), caustic soda,
polyurethanes, olefins, aromatics, Styrene Monomer (SM), Para-Xylene (PX), Purified
Terephthalic Acid (PTA), Monoethylene Glycol (MEG), Acrylonitrile (AN), acetic
acid, phenol, acetone, bisphenol A, Methyl Methacrylate (MMA), nylon and
acrylates intermediates; specialty chemicals, including detergent intermediates
and oleochemicals, colors & functional chemicals, rosin and aroma
chemicals, as well as fertilizer, such as Urea, ammonium sulfate, phosphate
rock, diammonium phosphate, fused magnesium phosphate and potash.
The Second
Chemicals Business Unit provides inorganic chemicals, including sulfur,
sulfuric acid, salt, titanium ore, iodine soda ash, caustic soda, catalyst,
industrial gas and titanium oxide; as well as plastics, including electrolytic
copper foil, optical fiber, polyvinyl chloride, elastomers, polyolefin, ABS resin,
engineering plastics, polystyrene, plastic food containers, wrapping materials,
elasticizer, stabilizer, pigment, as well as solar module components and solar
modules.
Energy Segment
The Company’s
subsidiaries in the energy segment include Mitsui E&P Australia Pty
Limited, Mitsui E&P Middle East B.V., Mitsui Oil Exploration Co., Ltd.,
MitEnergy Upstream LLC, Mitsui Gas Development Qatar B.V., Mitsui Sakhalin
Holdings B.V., Mitsui Coal Holdings Pty., Ltd., Mitsui Oil (Asia) Hong Kong
Ltd., Mitsui Oil Co., Ltd., Mitsui Marubeni Liquefied Gas Co., Ltd. The
associated companies in the energy segment include Japan Australia LNG (MIMI)
Pty. Ltd., United Petroleum Development Co., Ltd., BHP Mitsui Coal Pty., Ltd.
The Energy Segment
consists of two business units, Energy Business Units I and II.
Energy Business
Unit I is engaged in the exploration and production of oil and gas, coal,
uranium and other energy resources; trading of oil, petroleum products, coal,
uranium and other energy resources; petroleum refining and marketing of
gasoline, LPG and other petroleum products in the Japanese domestic market, and
development of biomass ethanol and other next generation energy sources.
Energy Business Unit II is engaged in the development of LNG projects;
trading of LNG and development of new gas commercialization technology (natural
gas hydrate etc.).
Food and Retail
Segment
The Company’s
subsidiaries in the food and retail segment include Mitsui Norin Co., Ltd., PRI
Foods Co., Ltd., San-ei Sucrochemical Co., Ltd., Mitsui Foods Co., Ltd., Toho
Bussan Kaisha, Ltd., Vendor Service Co., Ltd., Wilsey Foods, Inc., Mitsui
Alimentos Ltda. and MCM Foods B.V. The associated companies in the food and
retail segment include Mikuni Coca-Cola Bottling Co., Ltd., Mitsui Sugar Co.,
Ltd., The Kumphawapi Sugar Co., Ltd. and Multigrain AG.
The food and
retail segment is engaged in the import and domestic/offshore trade of wheat,
barley, soybeans, corn, rapeseed, raw sugar and rice; processed foods such as
canned products, frozen foods and condiments, liquor, beverages such as coffee,
tea and juice and dairy products; as well as foodstuffs such as marine
products, stock farm products and vegetables. The segment also provides the
support services, such as supply chain management including logistics
management, and product planning and development for retailers
Consumer Service
& IT segment
The Company’s
subsidiaries in the consumer service and IT segment include Mitsui Bussan
Inter-fashion Ltd., Bussan Real Estate Co., Ltd., Mitsui Bussan Woodchip
Oceania Pty. Ltd., Mitsui Knowledge Industry Co., Ltd., J-SCube Inc., Mitsui
Electronics Inc. and MBK Distribuidora de Produtos Eletronicos Ltda. The
associated companies in this segment include QVC Japan Inc., AIM Services Co.,
Ltd., Sumisho & Mitsuibussan Kenzai Co., Ltd., Nihon Unisys Ltd., Moshi
Moshi Hotline, Inc. and T-GAIA Corporation.
This segment is
comprised of the First Consumer Service Business Unit; the Second Consumer
Service Business Unit; and the IT Business Unit.
The First Consumer
Service Business Unit is engaged in media-related business including
broadcasting, content service, television shopping channels and internet-based
marketing service; service and outsourcing businesses including contract food
service, uniform rental, facility management, and temporary personnel service;
fashion business including global procurement service of apparel and
accessories, participation and management of joint ventures with fashion brand
holders, and other brand related business including importing, licensing and
marketing; as well as the provision of consumer goods including beauty and
health-related products and interior and living items.
The Second
Consumer Service Business Unit is engaged in real estate business including
development of housing, office buildings and commercial facilities, and related
services such as senior service housing, self-storage and service office
business in both Japan and overseas; as well as industrial materials such as
housing materials, wood chips, pulp & paper products, packaging materials
and off-the-road tires for mines.
The IT Business
Unit is involved in network and systems integration (NI/ SI) businesses; the
provision of business process outsourcing services including enterprise
information management and call-center services; mobile communication
businesses including sales agency of mobile handset and telecommunications
lines; distribution of mobile handsets; and development and sales of mobile
content; electronics businesses including import and domestic trade of
semiconductor devices and equipment/materials for semiconductor and liquid
crystal displays; as well as display related businesses including export and
trade of liquid crystal displays and parts.
Logistics and Financial Markets Segment
The Company’s
subsidiaries in the logistics and financial markets segment include Mitsui
& Co., Energy Risk Management Ltd., Mitsui & Co. Precious Metals, Inc.,
Mitsui Bussan Precious Metals (Hong Kong) Limited, Mitsui Bussan Commodities
Ltd., Mitsui & Co., Principal Investments Ltd., MVC Corporation, Mitsui
Bussan Logistics Holdings Ltd., Mitsuibussan Insurance Co., Ltd., Tri-Net
(Japan) Inc., Tri-Net Logistics (Asia) Pte. Ltd. The associated companies in
this segment include Mitsui & Co., Energy Risk Management Ltd., Mitsui
& Co. Precious Metals, Inc., Mitsui Bussan Precious Metals (Hong Kong)
Limited, Mitsui Bussan Commodities Ltd., Mitsui & Co., Principal
Investments Ltd., MVC Corporation, Mitsui Bussan Logistics Holdings Ltd.,
Mitsuibussan Insurance Co., Ltd., Tri-Net (Japan) Inc., Tri-Net Logistics
(Asia) Pte. Ltd.
This segment is
composed of the Financial Markets Business Unit and the Transportation
Logistics Business Unit. The Financial Markets Business Unit is engaged in the
trading in various commodity derivatives such as precious metals, non-ferrous
metals listed on the London Metal Exchange (LME), energy, grain and soft
commodities; the development, origination and sales of financial products,
investment in and portfolio management of financial products; financial equity
investments including principal investment and venture capital operation; asset
management business such as real estate fund (listed REIT and private fund) and
infrastructure fund; as well as leasing businesses.
The Transportation
Logistics Business Unit is engaged in the provision of International
transportation services including combined multi transportation centering on
container shipping, transportation of plants and other special cargoes, tramper
shipping, logsitics solution services such as SCM, Warehousing and
distributions; insurance agency services and insurance-related consulting; as
well as logistics infrastructure projects, including port development projects
in emerging countries, and transport-infrastructure such as railway and
airports, among others
More Business Descriptions
MITSUI & CO.,
LTD. is a Japan-based diversified trading company. The Company is engaged in
the sale, import, export and international trading of various products in the
fields of iron and steel products, metal resource, machine and project,
chemical, energy, food and retail, as well as consumer service and information
industries. The Company is also engaged in the provision of retail, information
communication, technology, transportation and finance services, the development
of energy and raw iron resources, in addition to the investment in new
businesses such as information technology (IT), renewable energy and
environment-related businesses. The Company operates through eight business
segments. On July 1, 2011, it acquired a subsidiary from Mercian Corporation.
For the three months ended 30 June 2012, Mitsui & Co Ltd revenues decreased
8% to Y1.18T. Net income decreased 21% to Y104.45B. Revenues reflect Chemicals
segment decrease of 32% to Y171.81B, Metal Resources segment decrease of 11% to
Y133.7B, Energy segment decrease of 4% to Y349.39B. Net income also reflects
Metal Resources segment income decrease of 34% to Y32.79B, Chemicals segment
loss totaling Y216M vs. income of Y5.9B.
An integrated
trading company promoting trade and industrial development globally; its vast
range of activities cover many industries including iron and steel, nonferrous
metals and raw materials trading; property development; trade in a wide variety
of machinery including chemical plant, environmental protection plant, motor
vehicles and ships; aircraft leasing; distribution of machine tools, valves,
power plant, machinery, communications and multimedia equipment; chemicals, oil
and LPG, food including poultry, fats, edible oils, soft drinks and processed
food; textiles, sports goods, pulp, paper and cigarettes; warehousing
Iron & Steel,
Nonferrous Metals, Motor Vehicles, Marine & Aerospace Systems, Chemicals,
Foods & Retail Products Trading; Petroleum & Natural Gas Production
& Distribution; Transportation Logistics, Infrastructure, Financial Markets
& Information Technology Services
Mitsui & Co.,
Ltd. specializes in the sale, distribution, purchase, marketing and supply of a
wide variety of products in business areas including: iron and steel;
non-ferrous metals; machinery; electronics; chemicals; energy-related
commodities; foods & retail, lifestyle and consumer service. It also
participates in the other activities such as arranging finance for customers
and suppliers in connection with its trading activities, organizing and
coordinating international industrial projects, participating in financing and
investing arrangements, assisting in the procurement of raw materials and
equipment, providing new technologies and processes for manufacturing and
coordinating transportation and marketing of finished goods. The company also
develops natural resources such as oil, gas and iron and steel raw materials.
It also conducts the strategic business investments and provides management
expertise in the development of joint ventures and new enterprises in certain
industries such as IT, biotechnology and nanotechnology. It also provides a
wide range of services in the areas of finance, transportation, communication,
technology and retail.As of March 2012, the company has 413associated
companies, which comprises of 187 overseas subsidiaries, 76 domestic
subsidiaries, 109 associated companies in overseas and 41 domestic associated
companies. The company operates globally through a network of 153 offices with
operations across 68 countries.The company operates through eight business
segments, namely, Iron & Steel Products; Mineral & Metal Resources;
Machinery & Infrastructure Projects; Chemical; Energy; Foods & Retail;
Consumer Service & IT; and Logistics & Financial Markets.
Geographically, the company divided its business into three regions namely,
Americas, EMEA (Europe, Middle East and Africa), and Asia Pacific. During the
fiscal year ended march 2012, the Americas region reported 74.1% of company's
total operating income, followed by EMEA 16.76%, and Asia Pacific 9.3%. In June
2012, the company entered into an agreement to acquire in the Alba and
Britannia fields in the UK North Sea from BP Plc . In May, the company and
Mitsubishi Corp jointly entered into an agreement to buy a 14.7% stake in an
Australian LNG project from Woodside Petroleum. In the same month, the company
sold its 19.3% stake in Hokkaido Sugar Co.,Ltd to Mitsui Sugar Co., Ltd. In
February, the company intended to acquire stake in Fomento de Construcciones y
Contratas SA subsidiary, FCC Energia SA. In January 2012, Toray Industries Inc
intended to will acquire a 20% stake in the company's wholly-owned subsidiary
MicroBiopharm Japan Co Ltd (MJB). In the same month, Petroleo Brasileiro SA
acquired 80% stake in Companhia de Desenvolvimento de Plantas Utilidades SA
from SMU Energia e Servicos de Utilidades Ltda, a subsidiary of the company.
Mitsui & Co.,
Ltd. (Mitsui) is a Japanese multifaceted business company, provides global
business activities which includes trading of various commodities, arranging
financing for customers and suppliers, coordinating of industrial projects,
providing raw material and equipment and general trading activities. It also
participates in the development of natural resources such as oil, gas, iron and
steel. Mitsui operates through eight business segments. The company operates
its business in six business areas which include Metals; Machinery and
Infrastructure; Chemicals; Energy; Lifestyle; and Innovation and Cross
Function. Mitsui offers five functions such as Marketing, Finance, risk
Management, Logistics and IT development. The company has 15 business units
operating in various fields and three regional units in America, EMEA (Europe,
Middle East and Africa), and Asia Pacific. The company organizes and
coordinates industrial projects, participates in financing, and provides raw
materials and equipment to its customers worldwide. Mitsui is headquartered in
Tokyo, Japan.Strategically, the company focuses on the trade of various
commodities and also focuses on the global business activities. It also aims to
maintain its existing partnerships and to enter new collaborative agreements to
fuel its services. This is indicated by the recent Joint Venture Operating
Agreement (JVOA) of the company with InterOil Corp for its proposed Condensate
Stripping Plant (CSP) with the company.The company reported revenues of (Yen)
JPY 5,251,602.00 million during the fiscal year ended March 2012, an increase
of 12.23% over 2011. The operating profit of the company was JPY 296,645.00
million during the fiscal year 2012, an increase of 56.05% over 2011. The net
profit of the company was JPY 434,497.00 million during the fiscal year 2012,
an increase of 41.69% over 2011.
Mitsui & Co
Ltd (Japan) is an international group offering diversified services and is
divided into iron and steel, non-ferrous metals, property development, service
management, electronics and information, chemicals, food, textiles, general
merchandise and transport logistics. The Chemical Division specialises in the
manufacture and marketing of petrochemicals (alcohol, aromatics, olefins,
derivatives) and fine chemicals (agrochemicals, dyes, pigments, pharmaceuticals
and resins).
Mitsui & Co.
is a diversified trading, investment and service enterprise that operates on a
global basis. The company is engaged in such traditional businesses as import,
export, offshore trade and domestic wholesale. It emphasizes business
investments, project development and management, capital goods leasing and
technology transfer. Mitsui & Co.'s operating divisions include iron and steel
products, raw materials, nonferrous metals, power, transportation and plant
projects, machinery, information, organic chemicals, plastics, energy, foods
and retail, life commerce, transportation logistics and financial markets. The
company has expertise in financial arrangement, risk management, logistics
planning and execution. It has operations throughout the world and is
headquartered in Tokyo.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Strategic Initiatives
Resource
Management
With increasing
competition in the industry, it becomes very important for a player to have a
diversified geographical and product portfolio. Setting up new units or
businesses generally costs heavily to the company and it takes some time to
realize the gains from the same. Instead, companies prefer the inorganic growth
strategy of acquiring outstanding brands and expanding their business
operations globally. This has the dual advantage of limiting competition and
providing a ready-made platform for the firm to foray a market. In May 2011,
Mitsui acquired additional shares in Multigrain AG (MAG) taking the total
shareholding to 98.1% (100% of voting rights), as a result MAG became Mitsui's
wholly-owned subsidiary.
Sales and Distribution
1m from JPY396.8m
during 2011. Besides, Mitsui has established a three-pronged, independent
region-based system that serve as the core pillars of its global strategy. It
focuses on integrating its region-based strategy and the product and
service-based strategy to build an organic global network for its business that
could include the world in its matrix and thereby enabling it to meet the
diverse needs of its customers in each region.Increasing Accounts
ReceivableIncreasing accounts receivable affect the company’s competitiveness
and profitability. Its total trade receivable increased to JPY1,920,916m in
2012 from JPY1,744,785m in 2011, showing an increase of 10.1% over the period.
8m during 2011.
Besides, Mitsui has established a three-pronged, independent region-based system
that serve as the core pillars of its global strategy. It focuses on
integrating its region-based strategy and the product and service-based
strategy to build an organic global network for its business that could include
the world in its matrix and thereby enabling it to meet the diverse needs of
its customers in each region.Increasing Accounts ReceivableIncreasing accounts
receivable affect the company’s competitiveness and profitability. Its total
trade receivable increased to JPY1,920,916m in 2012 from JPY1,744,785m in 2011,
showing an increase of 10.1% over the period. The company entered into several
factoring agreements with customers, mainly due to petroleum trading business
and higher trading volume from retail & food segment on short terms.
|
|
Helpful |
Harmful |
|
Internal Origin |
Strengths ·
Expanding Profitability Ratios ·
Diverse Business Operation ·
Global FootPrint |
Weaknesses ·
Increasing
Accounts Receivable ·
Long Term Liabilities ·
Litigation |
|
External Origin |
Opportunities ·
Demand for Natural Gas and LNG ·
Potential Growth for Unconventional
Oil and Gas ·
Strategic Acquisitions |
Threats ·
Uncertain Market and Economic
Conditions ·
Foreign Currency Exchange Rate Risk ·
Challenge of Environmental
Regulations |
Overview
Mitsui & Co., Ltd. (Mitsui) is a Japanese general trading company. It is engaged in the sale, manufacture, export, import and international trade of products in various fields. The company has diversified operations, which reduces its dependence on a single business for revenues. Increasing long term liabilities coupled with involvement in lawsuits and litigations are an area of concern to the company. Mitsui is exploring various business opportunities in the area of unconventional energy sources, which are considered to have huge growth potential. Through strategic acquisitions, the company is strengthening its existing businesses for future growth prospects. However, uncertain global economic conditions and stringent regulations could hinder Mitsui's growth.
Strengths
Expanding
Profitability Ratios
Mitsui recorded high revenue margins in 2012. The company reported 12.2% increase in total revenue in 2012, as compared to that in 2011. For the fiscal year 2012, the company reported revenue of JPY5,251,602m and the growth resulted in gross margin of 16.72%. Revenue growth and stable gross margin were the result of controlled costs. The company’s operating cost as percentage of sales declined to 94.35% in 2012 from 95.94% in 2011. Similarly, the administration cost as percentage of sales also decreased to 9.80% in 2012 from 11.39% in 2011. Operating margins increased due to strong performance from its segments namely, mineral & metal resources, from machinery & infrastructure projects, energy, consumer services and foods & retail. The company also reported increased returns in 2012, as compared to those in previous years. The company's return on equity (ROE) was 16.45% at the end of fiscal year 2012, as compared to 12.96% in 2011. Its return on capital employed was 4.64% in fiscal year 2012, as compared to 3.14% in 2011. Its return on assets, return on fixed assets, and return on working capital were 4.82%, 6.47% and 16.46% in 2012, as compared to 3.57%, 4.44% and 10.71% respectively in 2011. Increasing profitability ratios indicate the company’s sturdy performance and its ability to deliver returns, as expected by its shareholders. Decreased cost and increased returns led to overall growth of its operating margins. In 2012, the company’s Americas geographical segment recorded 33.3% increased revenue. Besides, the company’s operating margin increased 5.65% in 2012 from 4.06% in 2011. Its net profit margin increased 8.27% in 2012 from 6.55% in 2011. Increased margins and decreased operating cost reflect the strong operational efficiency of the company.
Diverse Business
Operation
Mitsui’s engages in diverse businesses, which enables it to serve various needs of its diversified customer base. The company’s operations are classifieds into four business areas such as Mineral Resources and Energy, Global Marketing Networks, Lifestyle Business and Infrastructure. It serves customers through a combination of five functions: marketing, financing, logistics, risk management, and IT and process development capabilities. Along with its subsidiaries, the company offers various products and services through its 14 business units, namely, Mineral & Metal Resources Business Unit, Infrastructure Projects Business Unit, Iron & Steel Products Business Unit, Motor Vehicles & Construction Machinery Business Unit, Marine & Aerospace Business Unit, Basic Chemicals Business Unit, Performance Chemicals Business Unit, Energy Business Unit I, Energy Business Unit II, Foods & Retail Business Unit, Consumer Service Business Unit, IT Business Unit, Financial & New Business Unit and Transportation Logistics Business Unit. Such diversified operations mitigate the business risk associated with any particular sector.
Global FootPrint
Mitsui has operational presence in various geographies, which along with established network and distribution channel enable it to serve a diverse customer base. It has business presence in Japan, North America, Central America and South America, Europe, Russia and the CIS, Africa, Middle East, Asia and Oceania. The company categorizes the above locations into three broad regions, namely, the Americas, EMEA (Europe, Middle East and Africa), and Asia Pacific. For the fiscal year 2012, it recorded 33.3% increased revenue from Americas region, at JPY529.1m from JPY396.8m during 2011. Besides, Mitsui has established a three-pronged, independent region-based system that serve as the core pillars of its global strategy. It focuses on integrating its region-based strategy and the product and service-based strategy to build an organic global network for its business that could include the world in its matrix and thereby enabling it to meet the diverse needs of its customers in each region.
Weaknesses
Increasing Accounts Receivable
Increasing
accounts receivable affect the company’s competitiveness and profitability.
Its total trade receivable increased to JPY1,920,916m in 2012 from
JPY1,744,785m in 2011, showing an increase of 10.1% over the period. The
company entered into several factoring agreements with customers, mainly due to
petroleum trading business and higher trading volume from retail & food
segment on short terms. It also recorded 5.9% increased doubtful accounts
provision of JPY15.1m in 2012, compared to JPY9.2m during 2011. Besides, it
also recorded increased inventories at JPY515,758m in 2012 from JPY467,355m
during 2011. As a result, its inventory turnover increased from 8.2 times in
2011 to 8.5 times in 2012, indicating adequate supplies for improvement in
sales. However, the provision for impairment loss would have been recognized,
based on the objective evidence. Such increasing doubtful debts, along with
accounts receivable, reflect inefficient credit management by the company. In
the backdrop of growing economic recession, the probability of defaults by
creditors increased, which may impact the overall financial position as well as
profitability of the company.
Long Term Liabilities
The company
reported highly leveraged capital structure, which may affect its expansion and
growth plans. Up to the end of fiscal 2012, the company reported total debt
obligation of JPY3,631,315m consisting of long-term debt components of shale
gas & oil business. It also incurred current portion of long term
liabilities of JPY372,657m in 2012, compared to JPY308,883m during 2011. As a
result, the company reported substantial debt to equity ratio of 137.48% and a
debt to capital ratio of 56.85% in fiscal year 2012. The company incurred this
debt to meet its working capital and capital expenditure needs. If it fails to
comply with any of the debt service requirements, the debt could become due and
payable prior to its scheduled maturity. Any reduction in revenues and
operating cash flows could hinder the company’s ability to repay interest and
principal, resulting in default. Hence, such huge debt increases the financial
burden on the company, limiting the availability of cash for its growth.
Litigation
Mitsui is involved
in various lawsuits and litigations related to the oil spill incident of a
drilling rig in the Gulf of Mexico, which could have a detrimental effect on
its goodwill and reputation. In December 2010, the United States federal
government filed a lawsuit against the subsidiaries of the company, Mitsui Oil
Exploration Co Ltd., MOEX Offshore 2007 LLC and MOEX USA Corporation
(collectively, MOEX Parties), regarding the oil spill accident in the mining
area in Gulf of Mexico owned by the subsidiaries of the company. In the
lawsuit, the United States federal government demanded the payment of the
related damages and compensation caused by the oil spill accident. In May 2011,
Mitsui reached a settlement between several of its subsidiaries and certain BP
p.l.c. subsidiaries (BP), which resolves all of BP's claims against Mitsui's subsidiaries
arising from the oil spill incident in the Gulf of Mexico. According to the
terms of the settlement, one of Mitsui subsidiaries would pay BP a sum of
$1.065 billion, and in return BP would simultaneously waive and release all of
its claims against the Mitsui subsidiaries. But, indemnity provided by BP in
the settlement does not cover the Clean Water Act (CWA) civil penalties and due
to this the MOEX Parties could incur additional liabilities. Such lawsuits
against the company would affect its goodwill and increase its expenditure in
defending against such legal cases.
Opportunities
Demand for Natural Gas and LNG
The demand for
Natural Gas and LNG is increasing, as these are cleaner burning fuels when
compared to coal and oil. According to in-house data, inter-regional natural
gas trade is projected to more than double in the period to 2030 to nearly one
trillion cubic meters. Furthermore, despite low economic growth, North America
and Europe would account for 20% of the overall growth in world gas consumption
to 2030. In addition, the global LNG fleet is growing rapidly to meet
increasing demand. Such rise in demand would help the company in enhancing its
energy segment business.
Potential Growth for Unconventional Oil and Gas
Mitsui intends to strategically
expand its shale gas business into the US and Europe by leveraging its global
network and know-how regarding shale gas, which it obtained through development
and production activities in the Marcellus Shale gas project. In June 2011,
Mitsui entered a definitive agreement with subsidiaries of Marathon Oil
Corporation (Marathon), to acquire a 9% working interest in 10 of Marathon's
Paleozoic shale gas exploration concessions in the Republic of Poland. The
development of shale gas in Europe is only in its initial stages with most
companies evaluating the potential through seismic data acquisition and by
drilling exploration wells. The International Energy Agency (IEA) estimates the
total unconventional gas reserves in Europe to be 1,200 trillion cubic feet,
approximately six times the continent’s conventional reserves. The reserves,
if realized, would be enough to displace 40 years of gas imports at current
levels. Almost half of it is thought to be in shale; the rest comes from
coal-bed methane and tight gas. The company could benefit as the petroleum
industry turns to unconventional sources of oil and gas and can take advantage
of the current scenario to boost its sales and strengthen its financial base.
Strategic Acquisitions
Strategic acquisitions
offer a strong growth opportunity for the company, especially while foraying
new markets or launching new products or services. With increasing competition
in the industry, it becomes very important for a player to have a diversified
geographical and product portfolio. Setting up new units or businesses
generally costs heavily to the company and it takes some time to realize the
gains from the same. Instead, companies prefer the inorganic growth strategy of
acquiring outstanding brands and expanding their business operations globally.
This has the dual advantage of limiting competition and providing a ready-made
platform for the firm to foray a market. In May 2011, Mitsui acquired
additional shares in Multigrain AG (MAG) taking the total shareholding to 98.1%
(100% of voting rights), as a result MAG became Mitsui's wholly-owned
subsidiary. MAG is involved in agricultural production and grain distribution
business in Brazil. In April 2011, Mitsui announced its intentions to acquire a
100% stake in MBS Co., Ltd. (MBS), a wholly-owned subsidiary of Mercian
Corporation (Mercian). In relation to this acquisition, Mitsui and Mercian
entered a share transfer agreement. In February 2011, the company acquired two
Australian concerns, a forestry company and a woodchip processing firm, to
secure a stable supply of paper resources. The company’s Australian unit
Mitsui Bussan Woodchip Oceania Pvt. acquired all shares in Great Southern
Timber Holdings Pvt., which specializes in forest planting, and Hansol PI Pvt.,
a company that processes and exports woodchips. In 2010, the company acquired
100% share of AgriGuard Holding Ltd. This acquisition would strengthen Mitsui's
distribution network and market share in agrochemical industry and help it to
expand its market in Ireland. The company is also looking for new opportunities
to further increase its asset base and business portfolio. These strategic
acquisitions would support the company's plans to diversify its business into
other markets.
Threats
Uncertain Market and Economic Conditions
The global
economic slowdown and vague recovery scenario are likely to create challenges
for Mitsui 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 world economy
expanded at an annual rate of approximately 5.25% during the first half of 2010
and is expected to grow 4.2% in 2011. However, the Euro region is expected to
grow at 1.5% and the US is expected to grow at 2.3% in 2011. In early 2010,
fears of a sovereign debt crisis developed concerns for some European
countries, including Portugal, Ireland, Italy, Greece and Spain. In November
2010, the IMF warned about a possible full blown sovereign debt crisis in rich
nations. The earthquake and tsunami that occurred in Japan on March 11, 2011,
followed by a nuclear crisis and shortage of electricity, could have a large
negative economic impact on the country in the current fiscal. The continuing
uncertainty over economic recovery and the sovereign debt crises could
adversely affect the company’s earnings.
Foreign Currency Exchange Rate Risk
Exchange rate
volatility could have an adverse effect on the company's financial results. The
company is geographically diversified and has operations in most parts of the
world. The asset values, earnings and cash flows are influenced by a range of
currencies. A substantial portion of overseas sales could be affected by
foreign currency exchange rate fluctuations. A significant portion of revenues
generated from overseas business operations are denominated in currencies other
than the Japanese yen. The company's sales are in various currencies such as US
dollar, Australian dollar, and the Brazilian Real, among other currencies. It
is exposed to currency risks associated with the purchases, sales and
borrowings from different markets. Changes in the exchange rates could affect
the consolidated results of operations and thereby impact its overall profitability.
Challenge of Environmental Regulations
The company could
be affected by the environmental regulations governing the global chemical
industry. REACH (Registration Evaluation and Authorization of Chemicals), in
Europe, is an example of the stringent environmental regulations that impact
chemical producers. REACH regulates the products manufactured and marketed in
Europe. Phased over a period of 11 years, the regulation mandates all companies
to develop and submit dossiers containing data sets about their chemical
products and detail their potential impact and risk on environment. This could
be a challenge while launching new products as the process is time-consuming
and expensive. It may also result in phasing out many existing chemicals from
the market, which are regarded as toxic and hazardous. REACH directly applies
to over 30,000 different chemical substances that are produced or sold in
Europe and its implementation is expected to cost European chemical industry
about $3 billion. Other countries too are expected to model their regulations
on the principles of REACH. The US has already begun implementing similar
regulations with the reform of Toxic Substances Control Act. China has its own
version: RoHS (Restriction of Hazardous Substances), which restricts the use of
certain chemicals in the market. Such stringent environmental regulations are
set to tighten in the coming years, affecting both existing and new products
for the company.
|
Corporate Family |
Corporate
Structure News: |
|
|
Mitsui
& Co. Ltd. |
|
Mitsui & Co. Ltd. |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tokyo |
Japan |
Miscellaneous Capital Goods |
66,508.6 |
44,805 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Fabricated Products |
5,459.1 |
10,113 |
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Miscellaneous Fabricated Products |
142.4 |
500 |
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Miscellaneous Capital Goods |
160.8 |
468 |
|
|
Subsidiary |
Nantou City, Nantou |
Taiwan |
Miscellaneous Fabricated Products |
|
340 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
317.8 |
327 |
|
|
Facility |
Oita |
Japan |
Engineering Consultants |
|
45 |
|
|
Subsidiary |
Monrovia, CA |
United States |
Engineering Consultants |
4.9 |
8 |
|
|
Subsidiary |
Petaling Jaya, Selangor Darul Ehsan |
Malaysia |
Engineering Consultants |
17.7 |
6 |
|
|
Subsidiary |
Taichung City |
Taiwan |
Miscellaneous Fabricated Products |
|
240 |
|
|
Subsidiary |
San Isidro |
Peru |
Metal Mining |
92.0 |
237 |
|
|
Subsidiary |
Hachinohe, Aomori |
Japan |
Metal Mining |
70.3 |
200 |
|
|
Subsidiary |
Muang, Chon Buri |
Thailand |
Construction - Supplies and Fixtures |
|
197 |
|
|
Subsidiary |
Hoosick Falls, NY |
United States |
Construction - Supplies and Fixtures |
40.0 |
30 |
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Miscellaneous Capital Goods |
|
10 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Auto and Truck Parts |
678.3 |
|
|
|
Subsidiary |
Ammanford |
United Kingdom |
Auto and Truck Parts |
29.3 |
122 |
|
|
Subsidiary |
Fujisawa, Kanagawa |
Japan |
Trucking |
22.2 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Business Services |
12.7 |
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
484.0 |
|
|
|
Subsidiary |
Hida, Gifu |
Japan |
Metal Mining |
452.4 |
|
|
|
Subsidiary |
Hida, Gifu |
Japan |
Business Services |
2.4 |
107 |
|
|
Subsidiary |
Kyoto, Kyoto |
Japan |
Miscellaneous Fabricated Products |
133.1 |
|
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Metal Mining |
112.4 |
|
|
|
Subsidiary |
Shimonoseki, Yamaguchi |
Japan |
Iron and Steel |
1.2 |
85 |
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Chemical Manufacturing |
96.3 |
|
|
|
Subsidiary |
Ichikikushikino, Kagoshima |
Japan |
Gold and Silver |
66.5 |
|
|
|
Subsidiary |
Hida, Gifu |
Japan |
Miscellaneous Fabricated Products |
59.8 |
|
|
|
Subsidiary |
Iruma, Saitama |
Japan |
Construction - Supplies and Fixtures |
39.5 |
|
|
|
Subsidiary |
Tatebayashi, Gunma |
Japan |
Scientific and Technical Instruments |
36.6 |
|
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Miscellaneous Fabricated Products |
34.2 |
|
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Miscellaneous Capital Goods |
31.0 |
|
|
|
Subsidiary |
Funabashi, Chiba |
Japan |
Construction - Supplies and Fixtures |
27.9 |
|
|
|
Subsidiary |
Yokohama |
Japan |
Auto and Truck Parts |
1.0 |
|
|
|
Subsidiary |
Ichiki Kushikino |
Japan |
Metal Mining |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Insurance (Life) |
|
10,000 |
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
3,231.0 |
9,157 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
303.0 |
514 |
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Computer Services |
1,159.7 |
|
|
|
Subsidiary |
Chuo-Ku, JP |
Japan |
Computer Networks |
85.1 |
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Business Services |
69.1 |
|
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Software and Programming |
45.2 |
|
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Software and Programming |
25.3 |
|
|
|
Subsidiary |
London |
United Kingdom |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Joint Venture |
Tokyo |
Japan |
Computer Networks |
|
8,751 |
|
|
Subsidiary |
Carson, CA |
United States |
Real Estate Operations |
851.6 |
2,859 |
|
|
Branch |
Union, NJ |
United States |
Miscellaneous Transportation |
58.7 |
40 |
|
|
Branch |
Wood Dale, IL |
United States |
Miscellaneous Capital Goods |
2.7 |
16 |
|
|
Branch |
Puyallup, WA |
United States |
Water Transportation |
0.9 |
5 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
|
2,771 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction Services |
1,874.3 |
2,289 |
|
|
Subsidiary |
Okegawa-Shi |
Japan |
Beverages (Non-Alcoholic) |
1,501.6 |
1,761 |
|
|
Subsidiary |
Okegawa, Saitama |
Japan |
Retail (Specialty) |
139.7 |
|
|
|
Subsidiary |
Okegawa, Saitama |
Japan |
Miscellaneous Capital Goods |
31.8 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Beverages (Alcoholic) |
30.7 |
|
|
|
Subsidiary |
Hachinohe, Aomori |
Japan |
Fish and Livestock |
265.1 |
1,497 |
|
|
Subsidiary |
Ninohe, Iwate |
Japan |
Fish and Livestock |
85.8 |
|
|
|
Subsidiary |
Date, Hokkaido |
Japan |
Fish and Livestock |
49.2 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
1,242.0 |
966 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
5 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Lima |
Peru |
Construction and Agriculture Machinery |
220.0 |
850 |
|
|
Subsidiary |
Tokyo |
Japan |
Furniture and Fixtures |
|
800 |
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Food Processing |
|
750 |
|
|
Subsidiary |
Santos, Sao Paulo |
Brazil |
Food Processing |
|
700 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
1,013.8 |
655 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
54.2 |
|
|
|
Subsidiary |
Okayama, Okayama |
Japan |
Paper and Paper Products |
21.7 |
|
|
|
Joint Venture |
Prapradaeng, Samutprakarn |
Thailand |
Iron and Steel |
|
650 |
|
|
Subsidiary |
Oita, Prefecture |
Japan |
Communications Equipment |
178.5 |
500 |
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Electronic Instruments and Controls |
72.3 |
|
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
|
424 |
|
|
Subsidiary |
Louisville, KY |
United States |
Iron and Steel |
876.1 |
1,194 |
|
|
Subsidiary |
Guadalupe |
Mexico |
Construction - Supplies and Fixtures |
|
150 |
|
|
Branch |
Eminence, KY |
United States |
Iron and Steel |
88.8 |
147 |
|
|
Branch |
Portage, IN |
United States |
Iron and Steel |
78.5 |
130 |
|
|
Branch |
Canton, MI |
United States |
Miscellaneous Capital Goods |
142.5 |
125 |
|
|
Branch |
Ghent, KY |
United States |
Iron and Steel |
62.2 |
103 |
|
|
Branch |
Willoughby, OH |
United States |
Iron and Steel |
1.6 |
100 |
|
|
Branch |
Flint, MI |
United States |
Iron and Steel |
|
100 |
|
|
Branch |
Huger, SC |
United States |
Iron and Steel |
59.2 |
98 |
|
|
Branch |
Ottawa, OH |
United States |
Iron and Steel |
30.2 |
50 |
|
|
Branch |
Clinton, NC |
United States |
Miscellaneous Capital Goods |
13.8 |
50 |
|
|
Branch |
Greensburg, IN |
United States |
Iron and Steel |
75.0 |
40 |
|
|
Branch |
Madison, MS |
United States |
Business Services |
7.2 |
36 |
|
|
Branch |
Livonia, MI |
United States |
Iron and Steel |
15.1 |
25 |
|
|
Branch |
Eminence, KY |
United States |
Iron and Steel |
15.1 |
25 |
|
|
Branch |
Eminence, KY |
United States |
Recreational Activities |
0.6 |
10 |
|
|
Branch |
Decatur, AL |
United States |
Iron and Steel |
5.5 |
3 |
|
|
Branch |
Wilmington, NC |
United States |
Construction Services |
0.4 |
2 |
|
|
Subsidiary |
Phoenix, AZ |
United States |
Construction and Agriculture Machinery |
35.9 |
345 |
|
|
Subsidiary |
Columbia, MD |
United States |
Chemical Manufacturing |
19.1 |
100 |
|
|
Branch |
Chula Vista, CA |
United States |
Chemical Manufacturing |
2.0 |
4 |
|
|
Branch |
Nashville, TN |
United States |
Investment Services |
|
70 |
|
|
Subsidiary |
Irvine, CA |
United States |
Construction Services |
29.2 |
65 |
|
|
Branch |
Beaumont, CA |
United States |
Real Estate Operations |
0.7 |
5 |
|
|
Subsidiary |
Norwood, NJ |
United States |
Retail (Grocery) |
47.2 |
50 |
|
|
Branch |
Los Angeles, CA |
United States |
Retail (Grocery) |
1.0 |
4 |
|
|
Branch |
Corona, CA |
United States |
Food Processing |
1.1 |
1 |
|
|
Unit |
Oakland, CA |
United States |
Business Services |
|
|
|
|
Unit |
Los Angeles, CA |
United States |
Food Processing |
|
|
|
|
Subsidiary |
Ipswich, MA |
United States |
Miscellaneous Capital Goods |
9.8 |
50 |
|
|
Branch |
Houston, TX |
United States |
Business Services |
8.4 |
50 |
|
|
Subsidiary |
Franklin Lakes, NJ |
United States |
Miscellaneous Capital Goods |
8.8 |
40 |
|
|
Subsidiary |
Pasadena, CA |
United States |
Oil and Gas Operations |
|
40 |
|
|
Branch |
Franklin, TN |
United States |
Oil and Gas Operations |
77.9 |
16 |
|
|
Subsidiary |
White Plains, NY |
United States |
Medical Equipment and Supplies |
|
25 |
|
|
Branch |
Torrance, CA |
United States |
Chemicals - Plastics and Rubber |
9.7 |
9 |
|
|
Subsidiary |
Carson, CA |
United States |
Trucking |
|
18 |
|
|
Branch |
Richfield, OH |
United States |
Construction - Supplies and Fixtures |
2.8 |
10 |
|
|
Branch |
Washington, DC |
United States |
Investment Services |
|
8 |
|
|
Branch |
Menlo Park, CA |
United States |
Investment Services |
|
8 |
|
|
Branch |
Seattle, WA |
United States |
Business Services |
3.8 |
4 |
|
|
Subsidiary |
San Jose, CA |
United States |
Electric Utilities |
1.1 |
4 |
|
|
Branch |
Chicago, IL |
United States |
Investment Services |
|
4 |
|
|
Branch |
Campbell, CA |
United States |
Investment Services |
|
4 |
|
|
Branch |
Irvine, CA |
United States |
Miscellaneous Capital Goods |
2.8 |
3 |
|
|
Branch |
Portland, OR |
United States |
Miscellaneous Capital Goods |
2.8 |
3 |
|
|
Subsidiary |
Ichihara, Chiba |
Japan |
Oil and Gas Operations |
6,111.0 |
340 |
|
|
Subsidiary |
Bangkok |
Thailand |
Metal Mining |
1.0 |
300 |
|
|
Subsidiary |
Pathumwan, Bangkok |
Thailand |
Construction Services |
|
16 |
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
15 |
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Investment Services |
|
8 |
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Miscellaneous Financial Services |
|
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
|
300 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
164.4 |
298 |
|
|
Subsidiary |
Derby |
United Kingdom |
Trucking |
15.7 |
103 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Personal and Household Products |
41.2 |
91 |
|
|
Subsidiary |
Chelmsford |
United Kingdom |
Business Services |
2.9 |
56 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
2 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Bristol |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Bristol |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Bristol |
United Kingdom |
Business Services |
|
|
|
|
Joint Venture |
Amphoe Muang, Samutprakarn |
Thailand |
Construction - Supplies and Fixtures |
|
290 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Miscellaneous Capital Goods |
914.8 |
250 |
|
|
Mitsui Coal Holdings Pty Ltd |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Business Services |
21.6 |
238 |
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
1,633.1 |
235 |
|
|
Subsidiary |
Warsaw |
Poland |
Business Services |
|
20 |
|
|
Subsidiary |
Prague |
Czech Republic |
Business Services |
|
20 |
|
|
Subsidiary |
Bucharest |
Romania |
Business Services |
|
9 |
|
|
Subsidiary |
Budapest |
Hungary |
Business Services |
18.0 |
6 |
|
|
Subsidiary |
Petite Foret |
France |
Miscellaneous Transportation |
44.1 |
224 |
|
|
Joint Venture |
Jakarta |
Indonesia |
Chemical Manufacturing |
150.0 |
205 |
|
|
Joint Venture |
|
Thailand |
Iron and Steel |
26.5 |
203 |
|
|
Subsidiary |
Maarssen, Utrecht |
Netherlands |
Construction and Agriculture Machinery |
178.5 |
201 |
|
|
Subsidiary |
Kuala Lumpur |
Malaysia |
Metal Mining |
805.0 |
200 |
|
|
Subsidiary |
Bangkok |
Thailand |
Metal Mining |
250.0 |
200 |
|
|
Joint Venture |
Jakarta Pusat |
Indonesia |
Crops |
18.0 |
200 |
|
|
Subsidiary |
Pathumthani |
Thailand |
Construction - Supplies and Fixtures |
|
200 |
|
|
Branch |
Phan Thong, Chon Buri |
Thailand |
Iron and Steel |
|
124 |
|
|
Facility |
Chon Buri |
Thailand |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
North Klongtoey, Wattana, Bangkok |
Thailand |
Auto and Truck Manufacturers |
|
200 |
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Consumer Financial Services |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Raw Materials |
|
200 |
|
|
Subsidiary |
Bangkok |
Thailand |
Consumer Financial Services |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Iron and Steel |
160.0 |
174 |
|
|
Subsidiary |
Higashi-Osaka, Osaka |
Japan |
Miscellaneous Capital Goods |
55.3 |
18 |
|
|
Subsidiary |
Chita, Aichi |
Japan |
Food Processing |
182.5 |
171 |
|
|
Subsidiary |
Taipei |
Taiwan |
Metal Mining |
1.0 |
150 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
615.9 |
149 |
|
|
Subsidiary |
Ota-Ku, Tokyo |
Japan |
Airlines |
21.2 |
144 |
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
1,266.8 |
140 |
|
|
Subsidiary |
Tungmahamek, Sathorn, Bangkok |
Thailand |
Oil Well Services and Equipment |
|
100 |
|
|
Subsidiary |
Sathon, Bangkok |
Thailand |
Oil Well Services and Equipment |
|
70 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Oil and Gas Operations |
38.7 |
1 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Oil and Gas Operations |
70.1 |
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Phnom Penh |
Cambodia |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Shanghai |
China |
Metal Mining |
|
140 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Metal Mining |
541.0 |
120 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Metal Mining |
189.0 |
120 |
|
|
Subsidiary |
Beijing |
China |
Metal Mining |
|
110 |
|
|
Subsidiary |
Shanghai |
China |
Consumer Financial Services |
|
|
|
|
Branch |
Nanjing |
China |
Consumer Financial Services |
|
|
|
|
Branch |
Singapore |
Singapore |
Consumer Financial Services |
5,490.7 |
104 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Fabricated Products |
271.0 |
100 |
|
|
Subsidiary |
Mexico City, Federal District |
Mexico |
Consumer Financial Services |
244.0 |
100 |
|
|
Branch |
Makati , Metro Manila |
Philippines |
Consumer Financial Services |
216.0 |
100 |
|
|
Subsidiary |
Jakarta Pusat |
Indonesia |
Commercial Banks |
189.0 |
100 |
|
|
Subsidiary |
New Delhi |
India |
Business Services |
1.0 |
100 |
|
|
Branch |
New Delhi |
India |
Construction and Agriculture Machinery |
1.0 |
350 |
|
|
Branch |
Mumbai |
India |
Business Services |
1.0 |
60 |
|
|
Branch |
Chennai, Guindy |
India |
Business Services |
|
16 |
|
|
Branch |
Kolkata |
India |
Business Services |
1.0 |
15 |
|
|
Branch |
Goa |
India |
Consumer Financial Services |
1.0 |
6 |
|
|
Branch |
Goa |
India |
Chemical Manufacturing |
|
6 |
|
|
Branch |
Bangalore |
India |
Consumer Financial Services |
1.0 |
2 |
|
|
Joint Venture |
Las Condes, Santiago |
Chile |
Metal Mining |
|
100 |
|
|
Subsidiary |
Makati |
Philippines |
Business Services |
|
100 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Metal Mining |
|
100 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Metal Mining |
|
100 |
|
|
Subsidiary |
Pudahuel, Santiago |
Chile |
Retail (Specialty) |
42.0 |
97 |
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
12.2 |
96 |
|
|
Subsidiary |
Tokyo |
Japan |
Containers and Packaging |
403.9 |
90 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Metal Mining |
257.0 |
90 |
|
|
Subsidiary |
Ichihara, Chiba |
Japan |
Construction - Supplies and Fixtures |
76.6 |
88 |
|
|
Subsidiary |
Toronto, ON |
Canada |
Miscellaneous Capital Goods |
3,715.5 |
80 |
|
|
Branch |
Vancouver, BC |
Canada |
Investment Services |
|
5 |
|
|
Subsidiary |
Shibuya-Ku, Tokyo |
Japan |
Broadcasting and Cable Television |
54.3 |
77 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
290.9 |
75 |
|
|
Subsidiary |
Yachiyo, Chiba |
Japan |
Construction - Supplies and Fixtures |
60.0 |
73 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Financial Services |
|
67 |
|
|
Subsidiary |
Gifu City |
Japan |
Chemical Manufacturing |
|
60 |
|
|
Subsidiary |
Tehran |
Iran |
Metal Mining |
|
60 |
|
|
Subsidiary |
Mexico |
Mexico |
Metal Mining |
|
60 |
|
|
Subsidiary |
Fukuoka |
Japan |
Construction - Supplies and Fixtures |
|
56 |
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
|
55 |
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Metal Mining |
|
50 |
|
|
Branch |
Rio de Janeiro, RJ |
Brazil |
Business Services |
|
45 |
|
|
Branch |
Belo Horizonte, MG |
Brazil |
Metal Mining |
|
|
|
|
Subsidiary |
Calgary, AB |
Canada |
Miscellaneous Capital Goods |
|
50 |
|
|
Subsidiary |
Chittagong |
Bangladesh |
Business Services |
|
45 |
|
|
Subsidiary |
Paris |
France |
Business Services |
377.4 |
40 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Trucking |
89.2 |
40 |
|
|
Branch |
Garin, Buenos Aires |
Argentina |
Trucking |
15.6 |
58 |
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
52.3 |
40 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Chemical Manufacturing |
40.5 |
40 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Business Services |
|
40 |
|
|
Subsidiary |
Las Condes |
Chile |
Consumer Financial Services |
|
40 |
|
|
Subsidiary |
Santiago |
Chile |
Metal Mining |
|
40 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Chemical Manufacturing |
722.8 |
35 |
|
|
Subsidiary |
Tokyo |
Japan |
Broadcasting and Cable Television |
31.0 |
35 |
|
|
Subsidiary |
Guangzhou |
China |
Metal Mining |
|
35 |
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
16.3 |
32 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Business Services |
5.1 |
32 |
|
|
Subsidiary |
Bogota |
Colombia |
Metal Mining |
216.0 |
30 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
184.2 |
30 |
|
|
Subsidiary |
Omuta, Fukuoka |
Japan |
Auto and Truck Parts |
13.8 |
|
|
|
Subsidiary |
Sandton |
South Africa |
Miscellaneous Capital Goods |
150.0 |
30 |
|
|
Subsidiary |
Ritthem, Zeeland |
Netherlands |
Miscellaneous Fabricated Products |
106.3 |
30 |
|
|
Subsidiary |
Lima |
Peru |
Miscellaneous Capital Goods |
61.0 |
30 |
|
|
Subsidiary |
Lima |
Peru |
Retail (Specialty) |
|
|
|
|
Subsidiary |
La Molina |
Peru |
Consumer Financial Services |
4.3 |
85 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
3.7 |
30 |
|
|
Subsidiary |
Karachi |
Pakistan |
Business Services |
|
30 |
|
|
Subsidiary |
Dhaka |
Bangladesh |
Business Services |
|
30 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
89.0 |
25 |
|
|
Subsidiary |
Libreville |
Gabon |
Miscellaneous Transportation |
|
150 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Financial Services |
|
100 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Transportation |
|
50 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Rental and Leasing |
|
10 |
|
|
Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Miscellaneous Transportation |
|
6 |
|
|
Subsidiary |
Changwon, Gyeongsangnam-do |
Korea, Republic of |
Construction Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Software and Programming |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Investment Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Rental and Leasing |
18.0 |
80 |
|
|
Subsidiary |
Singapore |
Singapore |
Rental and Leasing |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Rental and Leasing |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Consumer Financial Services |
54.0 |
25 |
|
|
Branch |
Dhaka |
Bangladesh |
Iron and Steel |
|
25 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Business Services |
|
25 |
|
|
Subsidiary |
Esentepe, Istanbul |
Turkey |
Business Services |
|
25 |
|
|
Subsidiary |
Perth, WA |
Australia |
Business Services |
|
25 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Consumer Financial Services |
107.2 |
24 |
|
|
Subsidiary |
MĂ¼nchen, Bayern |
Germany |
Rental and Leasing |
104.9 |
29 |
|
|
Subsidiary |
Caracas |
Venezuela |
Metal Mining |
230.0 |
23 |
|
|
Subsidiary |
Madrid |
Spain |
Chemical Manufacturing |
10.0 |
23 |
|
|
Subsidiary |
Vancouver, BC |
Canada |
Miscellaneous Capital Goods |
|
21 |
|
|
Subsidiary |
Osborne Park, WA |
Australia |
Forestry and Wood Products |
29.2 |
20 |
|
|
Subsidiary |
Houston, TX |
United States |
Oil Well Services and Equipment |
4.1 |
20 |
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Metal Mining |
1.0 |
20 |
|
|
Subsidiary |
Al Khobar |
Saudi Arabia |
Business Services |
|
20 |
|
|
Subsidiary |
Kaohsiung |
Taiwan |
Metal Mining |
|
20 |
|
|
Bussan Sumisho Carbon
Enagy Co.,Ltd.(A Mitsui&Co.,Ltd.& Sumitomo Corp Alliance) |
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
377.4 |
19 |
|
Subsidiary |
Pusan, Pusan |
Korea, Republic of |
Miscellaneous Transportation |
3.5 |
19 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Real Estate Operations |
3.0 |
18 |
|
|
Subsidiary |
Kuwait |
Kuwait |
Business Services |
|
18 |
|
|
Subsidiary |
Giza, ARE |
Egypt |
Business Services |
230.0 |
15 |
|
|
Subsidiary |
Stockholm |
Sweden |
Metal Mining |
162.8 |
15 |
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
4.8 |
15 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Consumer Financial Services |
83.5 |
|
|
|
Subsidiary |
Ekaterinburg |
Russian Federation |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
DĂ¼sseldorf, Nordrhein-Westfalen |
Germany |
Personal Services |
|
15 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Oil and Gas Operations |
893.1 |
14 |
|
|
Subsidiary |
Tianjin |
China |
Metal Mining |
1.0 |
14 |
|
|
Subsidiary |
Abu Dhabi |
United Arab Emirates |
Business Services |
135.0 |
12 |
|
|
Subsidiary |
Oslo |
Norway |
Electronic Instruments and Controls |
180.5 |
11 |
|
|
Subsidiary |
Brisbane, QLD |
Australia |
Business Services |
|
10 |
|
|
Subsidiary |
Yangon |
Myanmar (Burma) |
Business Services |
|
10 |
|
|
Subsidiary |
Casablanca |
Morocco |
Business Services |
|
10 |
|
|
Subsidiary |
Lagos |
Nigeria |
Business Services |
|
10 |
|
|
Subsidiary |
Lahore |
Pakistan |
Business Services |
|
10 |
|
|
Subsidiary |
Dalian, Zhongshan Lu |
China |
Metal Mining |
|
10 |
|
|
Subsidiary |
Auckland |
New Zealand |
Business Services |
86.7 |
8 |
|
|
Subsidiary |
Barcelona |
Spain |
Business Services |
|
8 |
|
|
Subsidiary |
Lisbon |
Portugal |
Business Services |
175.0 |
7 |
|
|
Subsidiary |
Singapore |
Singapore |
Investment Services |
18.9 |
7 |
|
|
Subsidiary |
Ruwi |
Oman |
Communications Services |
|
7 |
|
|
Subsidiary |
Amman |
Jordan |
Business Services |
16.0 |
5 |
|
|
Branch |
Nagoya, Aichi |
Japan |
Consumer Financial Services |
0.5 |
4 |
|
|
Subsidiary |
Islamabad |
Pakistan |
Business Services |
75.0 |
3 |
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
1.0 |
3 |
|
|
Branch |
Osaka, Osaka |
Japan |
Consumer Financial Services |
0.8 |
3 |
|
|
Subsidiary |
Montreal, QC |
Canada |
Miscellaneous Capital Goods |
|
3 |
|
|
Subsidiary |
Dublin |
Ireland |
Business Services |
|
3 |
|
|
Subsidiary |
Dusseldorf |
Germany |
Business Services |
|
3 |
|
|
Subsidiary |
Perth, WA |
Australia |
Miscellaneous Financial Services |
654.2 |
2 |
|
|
Subsidiary |
Manama |
Bahrain |
Miscellaneous Capital Goods |
|
2 |
|
|
Companhia de
Desenvolvimento E ModernizaĂ§Ă£o de Plantas Industriais |
Subsidiary |
Rio De Janeiro, Rio de Janeiro |
Brazil |
Engineering Consultants |
|
2 |
|
Subsidiary |
Luanda |
Angola |
Business Services |
|
2 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
954.7 |
1 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Financial Services |
16,080.1 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Rental and Leasing |
40.0 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
6,566.2 |
|
|
|
Subsidiary |
Ota, Gunma |
Japan |
Miscellaneous Capital Goods |
164.0 |
47 |
|
|
Subsidiary |
Kitakyushu, Fukuoka |
Japan |
Miscellaneous Capital Goods |
238.9 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Iron and Steel |
4,830.9 |
|
|
|
Branch |
Hirohata |
Japan |
Iron and Steel |
|
|
|
|
Branch |
Oita |
Japan |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Consumer Financial Services |
4,435.7 |
|
|
|
Subsidiary |
Tungmahamek, Sathorn, Bangkok |
Thailand |
Chemical Manufacturing |
216.0 |
100 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Retail (Specialty) |
4,023.8 |
|
|
|
Subsidiary |
Funabashi, Chiba |
Japan |
Retail (Specialty) |
782.2 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Consumer Financial Services |
3,277.5 |
|
|
|
Subsidiary |
Yuen Long, New Territories |
Hong Kong |
Electronic Instruments and Controls |
|
15 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
30.7 |
4 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Food Processing |
3,119.7 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Engineering Consultants |
1,919.2 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
1,536.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Food Processing |
1,338.4 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Apparel and Accessories |
1,081.0 |
|
|
|
Subsidiary |
Tsim Sha Tsui East, Kowloon |
Hong Kong |
Apparel and Accessories |
15.9 |
40 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Crops |
862.1 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Food Processing |
663.0 |
350 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
476.2 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Miscellaneous Transportation |
373.5 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Transportation |
366.4 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
326.9 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Retail (Grocery) |
309.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
270.0 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
210.6 |
|
|
|
Subsidiary |
Irving, TX |
United States |
Aerospace and Defense |
|
10 |
|
|
Branch |
Long Beach, CA |
United States |
Retail (Specialty) |
2.2 |
5 |
|
|
Branch |
Honolulu, HI |
United States |
Advertising |
0.5 |
2 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
177.7 |
|
|
|
Subsidiary |
Calamba, Laguna |
Philippines |
Miscellaneous Transportation |
33.2 |
50 |
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
171.1 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Real Estate Operations |
131.3 |
|
|
|
Subsidiary |
Poços de Caldas, MG |
Brazil |
Chemical Manufacturing |
116.0 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Chemical Manufacturing |
111.5 |
|
|
|
Branch |
Yamaguchi |
Japan |
Water Transportation |
|
|
|
|
Branch |
Tokyo |
Japan |
Water Transportation |
|
|
|
|
Branch |
Chiba |
Japan |
Water Transportation |
|
|
|
|
Branch |
Osaka |
Japan |
Water Transportation |
|
|
|
|
Subsidiary |
Hiratsuka, Kanagawa |
Japan |
Chemical Manufacturing |
99.1 |
|
|
|
Subsidiary |
Sano, Tochigi |
Japan |
Construction - Supplies and Fixtures |
98.6 |
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Real Estate Operations |
91.1 |
|
|
|
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Retail (Specialty) |
75.1 |
|
|
|
Subsidiary |
San Pedro Garza GarcĂa, Nuevo Leon |
Mexico |
Construction Services |
58.6 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Consumer Financial Services |
54.4 |
|
|
|
Subsidiary |
Rotterdam |
Netherlands |
Food Processing |
51.4 |
|
|
|
Subsidiary |
Hamburg |
Germany |
Business Services |
|
10 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Water Transportation |
44.5 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Business Services |
|
20 |
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Retail (Drugs) |
39.3 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Food Processing |
36.8 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
34.8 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Printing and Publishing |
30.3 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Investment Services |
21.9 |
|
|
|
Branch |
Sapporo |
Japan |
Investment Services |
|
|
|
|
Branch |
Sendai |
Japan |
Investment Services |
|
|
|
|
Branch |
Nagoya |
Japan |
Investment Services |
|
|
|
|
Branch |
Osaka |
Japan |
Investment Services |
|
|
|
|
Branch |
Fukuoka |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Software and Programming |
21.5 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Transportation |
16.4 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Biotechnology and Drugs |
15.2 |
|
|
|
Subsidiary |
San Pedro Garza GarcĂa, Nuevo LeĂ³n |
Mexico |
Water Utilities |
|
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Consumer Financial Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Athens |
Greece |
Construction Services |
|
|
|
|
Subsidiary |
Tashkent |
Uzbekistan |
Chemical Manufacturing |
|
|
|
|
Branch |
Riyadh, Ar Riyad |
Saudi Arabia |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Monterrey |
Mexico |
Metal Mining |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Chonburi |
Thailand |
Retail (Specialty) |
|
|
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Advertising |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
Subsidiary |
Rio de Janeiro |
Brazil |
Natural Gas Utilities |
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Jewelry and Silverware |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Airlines |
|
|
|
|
Branch |
Takamatsu-shi |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Hiroshima |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Fukuoka |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Naha |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Sapporo |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Toyama |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Toyota |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Niigata |
Japan |
Consumer Financial Services |
|
|
|
|
Branch |
Sendai |
Japan |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Guatemala |
Guatemala |
Metal Mining |
|
|
|
|
Subsidiary |
Harare |
Zimbabwe |
Business Services |
|
|
|
|
Joint Venture |
Osaka |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Perth, WA |
Australia |
Metal Mining |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Business Services |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Investment Services |
|
|
|
|
Subsidiary |
Toronto, ON |
Canada |
Investment Services |
|
|
|
|
Agriguard Holdings Limited |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Dublin |
Ireland |
Chemical Manufacturing |
32.6 |
8 |
|
|
Mitsui Electronics, Inc. |
Subsidiary |
|
|
|
|
|
|
Branch |
Osaka |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Branch |
Nagoya-shi |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Branch |
Fukuoka |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Branch |
Nagano |
Japan |
Electronic Instruments and Controls |
|
|
|
|
Competitors
Report
|
Company Name |
Location |
Employees |
Ownership |
|
Bilfinger SE |
Mannheim, Germany |
65,525 |
Public |
|
CHIYODA CORPORATION |
Yokohama-Shi, Japan |
4,530 |
Public |
|
Doosan Infracore America Corp. |
Suwanee, Georgia, United States |
100 |
Private |
|
Hyundai Heavy Industries Co., Ltd. |
Ulsan, Korea, Republic of |
25,914 |
Public |
|
Itochu Corp |
Tokyo, Japan |
70,639 |
Public |
|
Jacobs Engineering Group Inc |
Pasadena, California, United States |
45,700 |
Public |
|
JFE Shoji Trade Corporation |
Tokyo, Japan |
5,550 |
Public |
|
Kajima Corp |
Tokyo, Japan |
15,149 |
Public |
|
KANEMATSU CORPORATION |
Tokyo, Japan |
4,770 |
Public |
|
Keio Corp |
Tama-Shi, Japan |
12,944 |
Public |
|
Keppel Corporation Limited |
Singapore, Singapore |
31,914 |
Public |
|
Kobe Steel, Ltd. |
Kobe-Shi, Japan |
35,496 |
Public |
|
Komatsu Ltd |
Tokyo, Japan |
44,206 |
Public |
|
Marubeni Corporation |
Chiyoda-Ku, Japan |
32,445 |
Public |
|
MISUMI CO., LTD. |
Kagoshima-Shi, Japan |
604 |
Public |
|
Mitsubishi Corp |
Tokyo, Japan |
63,058 |
Public |
|
Mitsubishi Heavy Industries, Ltd. |
Tokyo, Japan |
68,887 |
Public |
|
Nippon Light Metal Co., Ltd (Parent) |
Tokyo, Japan |
1,973 |
Private |
|
Nippon Steel & Sumitomo Metal Corp |
Tokyo, Japan |
60,508 |
Public |
|
Nippon Steel Trading Co., Ltd. |
Tokyo, Japan |
2,231 |
Public |
|
Nisshin Steel Co Ltd |
Tokyo, Japan |
5,989 |
Public |
|
Samsung Group |
Seoul, Korea, Republic of |
263,000 |
Private |
|
Sekisui Chemical Co., Ltd. |
Tokyo, Japan |
20,855 |
Public |
|
Shinsho Corporation |
Osaka-Shi, Japan |
1,190 |
Public |
|
Sojitz Corp |
Tokyo, Japan |
17,039 |
Public |
|
Sumikin Bussan Corporation |
Tokyo, Japan |
5,154 |
Public |
|
Sumitomo Corp |
Tokyo, Japan |
72,087 |
Public |
|
Sumitomo Metal Industries, Ltd. |
Tokyo, Japan |
23,007 |
Private |
|
Sumitomo Mitsui Trust Bank Limited |
Osaka, Japan |
6,110 |
Private |
|
Teradyne, Inc. |
North Reading, Massachusetts, United States |
3,200 |
Public |
|
Toyama Chemical Co Ltd |
Tokyo, Japan |
830 |
Private |
|
Toyota Tsusho Corp |
Tokyo, Japan |
33,845 |
Public |
|
Toyota Tsusho Corporation-Tokyo |
Tokyo, Japan |
2,795 |
Private |
Executive report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Developments
R&I Affirms Mitsui & Co Ltd's Rating at "AA-"; Rating
Outlook Stable Nov 21, 2012
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Mitsui & Co Ltd at "AA-". The rating outlook is stable.
Codelco to Sell
Inversiones Mineras Acrux SpA Stake To Mitsui & Co Ltd Nov 02, 2012
Mitsui & Co Ltd announced that it will acquire a 15.25% stake in Inversiones Mineras Acrux SpA, which is a joint venture of Mitsui and Codelco, from Codelco told on November 26, 2012. As a result, Mitsui's stake in Inversiones Mineras Acrux SpA will become 32.20%.
Mitsui & Co Ltd Lowers Year-end Dividend Forecast for FY 2013 Nov 02, 2012
Mitsui & Co Ltd announced that it has lowered its year-end dividend forecast from JPY 28.00 per share to JPY 21.00 per share, for the fiscal year ending March 2013.
Mitsui & Co Ltd Lowers Consolidated Full-year Outlook for FY 2013 Nov 02, 2012
Mitsui & Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 870,000 million to JPY 780,000 million, operating profit from JPY 330,000 million to JPY 240,000 million, ordinary profit from JPY 380,000 million to JPY 300,000 million and net profit from JPY 400,000 million to JPY 310,000 million, for the fiscal year ending March 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 10,242.09 billion and net profit of JPY 383.24 billion.
Codelco Sells Anglo Sur Stake To Mitsui & Co Ltd-Reuters Nov 01, 2012
reported that Codelco has agreed to sell a part of its Anglo American Sur holdings to Mitsui & Co Ltd as part of a loan refinancing deal, Codelco said in a statement on November 1, 2012. Codelco told Chilean regulators that it will sell the equivalent of 4.5% of its Anglo Sur shares to the Japanese trading and investment company. The shares are worth $998 million and the remaining amount of debt to be refinanced is $875 million, Codelco said.
Mitsui & Co Ltd to Underwrite Third Party Allocation of Newly Issued Shares of Inversiones Mineras Acrux SpA Sep 21, 2012
Mitsui & Co Ltd announced today that third party allocation of newly issued shares of Inversiones Mineras Acrux SpA, the joint venture with Corporaci=n Nacional del Cobre de Chile, is executed and that it subscribed for 17% of the Inversiones Mineras Acrux SpA shares by USD 1.1 billion, effective September 13, 2012. Subscription was completed through Mitsui's newly established wholly owned investment subsidiary, Inversiones CLC Gama Limitada. Acrux allocated the increased capital to acquire 5% of Anglo American Sur S.A. shares ("Anglo Sur") from Anglo American plc., and Mitsui and Codelco jointly hold 29.5% of Anglo Sur shares.
Iberdrola SA To
Sell Its Indirect 13.25% Stake In Gas Natural Mexico SA de CV To Mitsui &
Co., Ltd's Subsidiary Sep 19, 2012
Iberdrola SA
announced that on September 17, 2012 it has signed an agreement with a
wholly-owned subsidiary of Mitsui & Co., Ltd. to transmission of the
Company's indirect participation in Gas Natural Mexico SA de CV, which
represents a 13.25% stake. The price of the transaction amounts to USD 82
million (equivalent to EUR 62.8 million approximately). The transaction
required regulatory approvals.
Mitsui & Co
Ltd to Acquire Stake in Arch Pharmalabs Ltd - Economic Times Sep 17, 2012
Economic Times
reported that Mitsui & Co Ltd announced that it will acquire an additional
25% equity stake in an Indian active pharmaceutical ingredient maker Arch
Pharmalabs Ltd for INR 3.72 billion. After the transaction, the Company will
increase its stake in Arch Pharmalabs from a 5% stake to a 30% stake.
Mitsui & Co
Ltd Establishes SPC with Singapore-based Company - Sangyo Press Sep 14, 2012
Sangyo Press
reported that Mitsui & Co Ltd announced that it has established a special
purpose company (SPC) with a Singapore-based company, to participate in the
building development business in Singapore. The Company holds a 25% stake in
the SPC.
Mahindra Ugine
Steel Co Ltd Announces 51:49 Joint Venture With Sanyo Special Steel Co. Ltd and
Mitsui & Co. Ltd. Sep 07, 2012
Mahindra Ugine
Steel Co Ltd (MUSCO) announced the financial closure of the 51:49 Joint Venture
with Sanyo Special Steel Co. Ltd. and Mitsui & Co. Ltd. The new Joint
Venture company will be called Mahindra Sanyo Special Steel Private Limited.
Following the board meeting of Navyug Steel, the allotment of shares has been
completed against cash infusion by Sanyo of approximately INR129 crore for
their stake of 29%, while Mitsui paid approximately INR89 crore for their 20%
stake in Navyug Steel (JV Co). MUSCO holds the balance 51% of equity in the JV.
With financial, technical and operational inputs from Sanyo Special Steel Co.
Ltd. and Mitsui & Co. Ltd., the JV expects to enhance both its current
production from the existing level of 120,000 tons per annum, the value it adds
to the steel and therefore the special applications which the JV can address.
Oil and Natural
Gas Corporation Ltd, Mitsui & Co Ltd Sign Pact For Cooperation In Gas, LNG
Businesses-The Economic Times Aug 24, 2012
The Economic Times
reported that Oil and Natural Gas Corporation Ltd said it has signed an
agreement with Mitsui & Co Ltd of Japan for a wide ranging cooperation in
the gas and LNG businesses. Both the companies signed an MoU on August 14. The
MoU is expected to pave the way for setting up a re-gasification terminal in
the country besides marketing of re-gasified LNG. Under the agreement, which is
aimed at meeting the rising demand for natural gas, both ONGC and Mitsui would
make efforts to source LNG from international suppliers on spot, short- and
long-term contract basis.
Anglo American plc
And Corporacion Nacional del Cobre de Chile Reach Agreement In Respect To Anglo
American Sur; Codelco And Mitsui & Co Ltd Joint Venture To Acquire 29.5%
Stake In Anglo American Sur Aug 23, 2012
Anglo American plc
(Anglo American) announced that together with Corporacion Nacional del Cobre de
Chile (Codelco), with assistance from their respective partners, Mitsubishi
Corporation and Mitsui & Co Ltd (Mitsui) and within the conciliation
proceeding provided for by the 14th Civil Court of Santiago, have settled their
respective claims in relation to Anglo American Sur (AA Sur). Anglo American
retains control of AA Sur, reducing its 75.5% shareholding to 50.1%. A Codelco
and Mitsui joint venture company controlled by Codelco (the Codelco/Mitsui
joint venture) will acquire a 29.5% interest in AA Sur through the following
two transactions: a 24.5% shareholding in AA Sur for net cash consideration of
USD 1.7 billion, representing a consideration of USD 1.8 billion, adjusted for
dividends paid in relation to the shareholding since January 1, 2012; a 5%
shareholding in AA Sur (comprising 0.9% from Anglo American and 4.1% from
Mitsubishi) for total cash consideration of USD 1.1 billion. Completion of the
transactions is subject to the injunction being lifted by the 14th Civil Court
of Santiago for which the appropriate filings are being made on August 23,
2012.
TOTO LTD's Sub-subsidiary to Form Capital Alliance with MITSUI &
CO., LTD. Aug 23, 2012
TOTO LTD announced that its sub-subsidiary, TOTO India Industries Private Limited, will form a capital alliance with MITSUI & CO., LTD., effective September 1, 2012. Through the capital alliance, MITSUI & CO., LTD. will purchase 60,000,000 new shares of TOTO India Industries Private Limited at the price of INR 600 million in total, and as a result, MITSUI & CO., LTD. will hold a 30% stake in TOTO India Industries Private Limited.
Mitsui & Co Ltd to Sell Shares of Nihon Unisys, Ltd. to Dai Nippon Printing Co., Ltd. Aug 09, 2012
Nihon Unisys, Ltd. announced that Mitsui & Co Ltd will sell 20,726,410 shares of Nihon Unisys for JPY 549 per share to Dai Nippon Printing Co., Ltd., effective August 22, 2012. As a result, Dai Nippon Printing will become the top shareholder of Nihon Unisys with 22.09% voting rights, up from 0.00%, while Mitsui will become the second major shareholder of Nihon Unisys with 10.44% voting rights, down from 32.52%, effective August 22, 2012.
Mitsui & Co Ltd Wins Order- With Kepco E&G For Ghana Power Plant ExpansionDow Jones International News Jul 17, 2012
Dow Jones International News reported that Mitsui & Co Ltd and Kepco E&G have won a USD 260 million full turnkey order from Ghana's Takoradi International Co. to expand a gas-fired power plant. Mitsui & Co Ltd and Kepco E&G will increase the plant's generation capacity to 340 Megawatts from 220 Megawatts by November 2014 by adding a steam turbine and creating a combined cycle system.
InterOil Corp Extends LNG Project Agreements With Mitsui & Co., Ltd. Jun 29, 2012
InterOil Corp announced additional amendments to extend the Joint Venture Operating Agreement (JVOA) for the Company's proposed Condensate Stripping Plant (CSP) with Mitsui & Co., Ltd. (Mitsui), and associated agreements to December 31, 2012 were being contemplated. InterOil announced that it has entered into such agreements to extend the dates by which certain conditions are to be met and Final Investment Decisions (FID) made in LNG project agreements with Mitsui until December 31, 2012.
BP Plc Announces Sale Of Interests In Alba And Britannia Fields To Mitsui & Co., Ltd. Jun 26, 2012
BP Plc announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. for $280 million in cash. The sale comprises BP's non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by the end of Q3 2012.
Mitsui & Co Ltd and Singapore Telecommunications Ltd to Invest in General Mobile Technology Co. - NikkeiJun 14, 2012
Nihon Keizai Shimbun, Inc. (Nikkei) reported that Mitsui & Co Ltd and Singapore Telecommunications Ltd will purchase a 19% and 12% stake in General Mobile Technology Co. respectively, and this will reduce the MediaTek Inc.'s stake in General Mobile Technology Co. from over 30% to 24%. Mitsui Sugar Co., Ltd. to Acquire Hokkaido Sugar Co.,Ltd. from Mitsui & Co., Ltd.
May 15, 2012
Mitsui Sugar Co., Ltd. announced that it has decided to acquire 620,000 shares (a 19.3% stake) in Hokkaido Sugar Co.,Ltd., from Mitsui & Co., Ltd., for JPY 905 million, effective June 27, 2012. After this, Mitsui Sugar Co., Ltd.'s stake in Hokkaido Sugar Co.,Ltd. will increase from 38.0% (1,215,000 shares) to 57.3%(1,835,000 shares), effective June 27, 2012.
Mitsui & Co Ltd Announces Dissolution and Liquidation of Subsidiary May 07, 2012
Mitsui & Co Ltd announced that it has decided to dissolve a subsidiary, which is engaged in import and sales of canned food and processed food, on May 2, 2012. The liquidation is expected to be completed in March 2012.
Mitsui & Co Ltd, Mitsubishi Corp To Buy Australia LNG Stake For $2 Billion From Woodside Petroleum-Reuters
May 01, 2012
reported that
Mitsui & Co Ltd and Mitsubishi Corp will jointly buy a 14.7% stake in an
Australian LNG project from Woodside Petroleum for $2 billion, underscoring
Japan's demand for gas in the face of a drastically reduced nuclear power
generating capacity. The two firms agreed to buy the Woodside stake through a
company called Japan Australia LNG (MIMI Browse)Pty Ltd that would give them a
16% interest in Woodside's East Browse and 8.1% in West Browse ventures. They
also agreed to take 1.5 million tonnes of gas a year from the project, and
offered Woodside help with getting competitive finance from Japanese banks for
the Browse project, estimated by analysts as likely to cost around AUD30
billion ($31 billion). Woodside said its stake in the project will fall to
31.3% from 46%. It will remain the operator of the project.
Mitsui & Co.,
Ltd. to Invest in FPSO Chartered Ship Business of Modec Inc. Mar 22, 2012
Mitsui & Co.,
Ltd. announced that it has decided to invest in the floating production,
storage & offloading system(FPSO) chartered ship business launched by Modec
Inc., through acquiring a 32.4% stake in Cernambi Sul MV24 B.V., which is a
Holland-based subsidiary of Modec.
Mitsui & Co.,
Ltd.'s MOEX Offshore 2007 LLC Agrees To USD 90 Million Partial Settlement Of
Liability In Deepwater Horizon Oil Spill Feb 18, 2012
Mitsui & Co., Ltd. announced that MOEX Offshore 2007 LLC and MOEX USA Corporation (MOEX), which are subsidiaries, has agreed to settle the liability in the Deepwater Horizon oil spill in a settlement with the United States valued at USD 90 million, according to the Department of Justice, the U.S. Coast Guard and the U.S. Environmental Protection Agency (EPA). Approximately USD 45 million of the USD 90 million settlement is going directly to the Gulf in the form of penalties or expedited environmental projects. According to the terms of the settlement, MOEX agreed to spend USD 20 million to facilitate land acquisition projects in several Gulf states that will preserve and protect in perpetuity habitat and resources important to water quality and other environmental features of the Gulf of Mexico region.
Mitsui & Co Ltd In Talks for the Acquisition of Stake in Fomento de Construcciones y Contratas SA' FCC Energia SA Feb 10, 2012
Fomento de Construcciones y Contratas SA (FCC) announced that Mitsui & Co Ltd (Mitsui) is in talks with FCC to acquire significant stake in FCC's subsidiary FCC Energia SA. This acquisition will allow a joint equal control of FCC Energia SA by FCC and Mitsui. Other details were not disclosed.
Gazprom OAO, Royal Dutch Shell Plc, Mitsui & Co., Ltd. and Mitsubishi Corporation to Expand Sakhalin-2 Project-DJ Jan 30, 2012
Dow Jones reported that Gazprom OAO (Gazprom) and its partners in the Sakhalin-2 project, Royal Dutch Shell Plc (Shell), Mitsui & Co., Ltd., and Mitsubishi Corporation (Mitsubishi), may spend between USD 5 billion and USD 7 billion to expand a liquefied natural gas plant off Russia's Pacific coast. The partners will make a decision in 2012 on whether to add a third train to the LNG plant, which would allow start-up between 2016 and 2018. As of January 30, 2012, the capacity at Russia's only LNG plant is 9.6 million tons of liquefied natural gas a year. The cost estimate is preliminary and could change depending on global oil and gas prices. The Gazprom-led Sakhalin-2 consortium started exporting liquefied natural gas to Asia-Pacific markets in 2009. Gazprom owns 51% of the project, while Shell holds 27.5%, Mitsui & Co., Ltd. 12.5% and Mitsubishi 10%.
Toray Industries, Inc. to Invest Subsidiary of Mitsui & Co., Ltd.-THCHDA Jan 06, 2012
THCHDA reported that Toray Industries, Inc. will acquire a 20% stake in
a wholly owned subsidiary of Mitsui & Co., Ltd., MicroBiopharm Japan Co.,
Ltd., which is engaged in the manufacturing and sale of anticancer drugs and
antibiotics. After the acquisition, Toray Industries and Mitsui & Co. will
each hold a 20% and 80% stake in MicroBiopharm Japan. The transaction will be
conducted on January 6, 2012.
Petroleo Brasileiro SA Petrobras Announces Details on Acquisition of 80%
Stake in Companhia de Desenvolvimento de Plantas Utilidades SA - CDPU (CDPU)
from Mitsui & Co Ltd's Subsidiary Jan 02, 2012
Petroleo Brasileiro SA Petrobras announced that, in context of the
acquisition of a 80% stake in Companhia de Desenvolvimento de Plantas
Utilidades SA - CDPU (CDPU) from SMU Energia e Servicos de Utilidades Ltda, a
subsidiary of Mitsui & Co, Sembcorp Utilities Pte and Utilitas
Participacoes SA, when a general meeting to approve the decision will be
called, dissident shareholders will have a withdrawal right and a value
expressed in BRL per share will be announced, as well as the period to manifest
the right.
Petroleo Brasileiro SA Petrobras Acquires Remaining 80% in Companhia de
Desenvolvimento de Plantas Utilidades SA - CDPU from Mitsui & Co Ltd's
Subsidiary Dec 27, 2011
Petroleo Brasileiro SA Petrobras announced that it has acquired 80% of
da Companhia de Desenvolvimento de Plantas Utilidades SA - CDPU (CDPU) from SMU
Energia e Servicos de Utilidades Ltda, a subsidiary of Mitsui & Co Ltd,
Sembcorp Utilities Pte and Utilitas Participacoes SA. After the transaction,
the Company owns a 100% stake in CDPU. The price paid equals BRL 20,000,800.
Mitsui & Co., Ltd.'s Subsidiary Lowers Stake in Integrated
Healthcare Holdings Sdn. Bhd Dec 25, 2011
Mitsui & Co., Ltd. announced that its subsidiary, MBK Healthcare Partners Limited, will lower its stake in Integrated Healthcare Holdings Sdn. Bhd, from 30% to 26.6%, due to Integrated Healthcare Holdings Sdn. Bhd's new share issuance. Integrated Healthcare Holdings Sdn. Bhd issued the new shares to acquire a holding company of a hospital in Turkey. Integrated Healthcare Holdings Sdn. Bhd will also pay cash for the acquisition. Integrated Healthcare Holdings Sdn. Bhd will acquire a 60% stake in total of the holding company of the hospital in Turkey.
Meghmani Organics Ltd. Floats Joint Venture With Mitsui & Co., Ltd. And Kaneka Corporation-Business Line Dec 06, 2011
Business Line reported that Meghmani Organics Ltd. on Tuesday announced setting up of a new joint venture (JV) company with Japan's Mitsui & Co., Ltd. and Kaneka Corporation for manufacture of chlorinated polyvinyl chloride (CPVC) at Dahej in Bharuch district with a total investment of $120 million (INR600 crore). The joint venture company, Trience Specialty Chemicals Pvt Ltd, will initially manufacture 20,000 tonnes of CPVC annually, scalable later. It is expected to start production in 2014. The tripartite agreement was signed on October 6 to conduct feasibility study of the project, aimed at development of CPVC business in India. The new plant will be an extension of its product line. Kaneka, a pioneer in the CPVC business in Japan, USA and other Asian countries, has CPVC plants in Japan and the US with a total global production capacity of 46,000 tonnes per annum.
SM Energy Co Announces Closing Of Previously Announced Non-Operated Eagle Ford Carry Agreement With Mitsui & Co., Ltd.'s Mitsui E&P Texas L.P. Dec 05, 2011
SM Energy Co announced the closing of the previously announced Acquisition and Development Agreement (ADA) related to SM Energy`s conveyance to Mitsui E&P Texas L.P. (Mitsui), a wholly owned subsidiary of Mitsui & Co., Ltd., of a 12.5% working interest in its non-operated Eagle Ford shale acreage position. SM Energy will retain a working interest of approximately 14.5% in these properties. The ADA provides that SM Energy will be carried for 90% of certain drilling and completion costs, until Mitsui has expended $680 million for SM Energy's benefit. SM Energy expects the carry amount will be expended in approximately four years. Additionally, Mitsui reimbursed SM Energy a total of approximately $101 million at closing. Of this amount, approximately $73 million represents reimbursement for capital and operating expense outlays, net of revenues, for the period between the effective date of March 1, 2011, and the closing date. This reimbursement amount will be applied to the remaining 10% of SM Energy`s non-operated Eagle Ford shale drilling and completion costs, effectively carrying SM Energy100% until this reimbursement amount is exhausted. The remainder of the reimbursement amount represents 50% of SM Energy`s investment in related mid-stream assets, in which Mitsui has also acquired a 12.5% interest. The carry amount and the reimbursement amounts are subject to post-closing adjustments, which SM Energy expects to be completed within 180 days of closing.
Annual Income statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
64,971.1 |
52,819.6 |
42,663.5 |
53,045.7 |
48,673.7 |
|
Revenue |
64,971.1 |
52,819.6 |
42,663.5 |
53,045.7 |
48,673.7 |
|
Other Revenue |
1,537.5 |
1,788.5 |
1,412.2 |
1,736.9 |
1,534.2 |
|
Other Revenue, Total |
1,537.5 |
1,788.5 |
1,412.2 |
1,736.9 |
1,534.2 |
|
Total Revenue |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
50,207.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
55,385.7 |
44,581.1 |
36,523.0 |
44,838.1 |
41,563.5 |
|
Cost of Revenue, Total |
55,385.7 |
44,581.1 |
36,523.0 |
44,838.1 |
41,563.5 |
|
Gross Profit |
9,585.4 |
8,238.5 |
6,140.5 |
8,207.6 |
7,110.2 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
6,710.8 |
6,219.9 |
5,877.1 |
5,958.8 |
5,294.5 |
|
Total Selling/General/Administrative Expenses |
6,710.8 |
6,219.9 |
5,877.1 |
5,958.8 |
5,294.5 |
|
Litigation |
0.0 |
1,033.4 |
0.0 |
- |
- |
|
Impairment-Assets Held for Use |
231.2 |
220.5 |
200.4 |
559.9 |
230.9 |
|
Impairment-Assets Held for Sale |
424.0 |
227.1 |
521.7 |
1,167.0 |
321.2 |
|
Other Unusual Expense (Income) |
- |
107.7 |
120.8 |
179.3 |
70.6 |
|
Unusual Expense (Income) |
655.2 |
1,588.7 |
842.9 |
1,906.1 |
622.8 |
|
Total Operating Expense |
62,751.8 |
52,389.7 |
43,242.9 |
52,703.0 |
47,480.8 |
|
|
|
|
|
|
|
|
Operating Income |
3,756.8 |
2,218.3 |
832.8 |
2,079.5 |
2,727.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
-929.2 |
|
Interest Expense, Net Non-Operating |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
-929.2 |
|
Interest Income -
Non-Operating |
470.8 |
466.4 |
386.0 |
394.3 |
501.0 |
|
Investment Income -
Non-Operating |
1,372.8 |
1,056.3 |
631.2 |
1,046.7 |
1,246.0 |
|
Interest/Investment Income - Non-Operating |
1,843.6 |
1,522.8 |
1,017.2 |
1,441.0 |
1,747.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
1,303.9 |
1,048.2 |
519.0 |
701.0 |
817.8 |
|
Gain (Loss) on Sale of Assets |
72.1 |
2.7 |
0.1 |
35.7 |
-2.0 |
|
Other Non-Operating Income (Expense) |
100.2 |
-86.9 |
4.3 |
-406.1 |
-25.9 |
|
Other, Net |
100.2 |
-86.9 |
4.3 |
-406.1 |
-25.9 |
|
Income Before Tax |
5,233.1 |
3,182.3 |
1,356.1 |
2,410.1 |
3,517.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
2,186.2 |
2,379.5 |
959.9 |
1,534.2 |
1,498.1 |
|
Income After Tax |
3,046.9 |
802.8 |
396.2 |
875.9 |
2,018.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-483.6 |
-50.0 |
-191.3 |
-349.2 |
-402.1 |
|
Equity In Affiliates |
2,939.3 |
2,825.8 |
1,414.6 |
1,200.8 |
1,349.6 |
|
Net Income Before Extraord Items |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
2,966.5 |
|
Discontinued Operations |
- |
0.0 |
-8.5 |
40.1 |
621.0 |
|
Total Extraord Items |
- |
0.0 |
-8.5 |
40.1 |
621.0 |
|
Net Income |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
3,587.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
2,966.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
3,587.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,824.9 |
1,824.8 |
1,823.2 |
1,820.0 |
1,804.9 |
|
Basic EPS Excl Extraord Items |
3.02 |
1.96 |
0.89 |
0.95 |
1.64 |
|
Basic/Primary EPS Incl Extraord Items |
3.02 |
1.96 |
0.88 |
0.97 |
1.99 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.2 |
0.3 |
0.7 |
|
Diluted Net Income |
5,502.7 |
3,578.6 |
1,610.7 |
1,767.8 |
3,588.2 |
|
Diluted Weighted Average Shares |
1,824.9 |
1,824.8 |
1,823.2 |
1,825.2 |
1,824.3 |
|
Diluted EPS Excl Extraord Items |
3.02 |
1.96 |
0.89 |
0.95 |
1.63 |
|
Diluted EPS Incl Extraord Items |
3.02 |
1.96 |
0.88 |
0.97 |
1.97 |
|
Dividends per Share - Common Stock Primary Issue |
0.70 |
0.55 |
0.19 |
0.25 |
0.40 |
|
Gross Dividends - Common Stock |
1,271.5 |
1,001.2 |
353.6 |
453.1 |
730.7 |
|
Interest Expense, Supplemental |
539.7 |
474.6 |
498.3 |
740.0 |
929.2 |
|
Depreciation, Supplemental |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
1,218.9 |
|
Total Special Items |
583.1 |
1,586.1 |
842.8 |
1,870.5 |
624.8 |
|
Normalized Income Before Tax |
5,816.2 |
4,768.4 |
2,198.9 |
4,280.6 |
4,141.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
243.6 |
555.1 |
295.0 |
654.7 |
266.1 |
|
Inc Tax Ex Impact of Sp Items |
2,429.8 |
2,934.6 |
1,254.9 |
2,188.9 |
1,764.2 |
|
Normalized Income After Tax |
3,386.4 |
1,833.8 |
944.0 |
2,091.7 |
2,377.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,842.2 |
4,609.6 |
2,167.3 |
2,943.2 |
3,325.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.20 |
2.53 |
1.19 |
1.62 |
1.84 |
|
Diluted Normalized EPS |
3.20 |
2.53 |
1.19 |
1.61 |
1.82 |
|
Advertising Expense, Supplemental |
56.1 |
48.8 |
63.2 |
80.9 |
73.1 |
|
Research & Development Exp, Supplemental |
42.2 |
44.8 |
38.8 |
34.6 |
34.8 |
|
Reported Operating Profit |
4,412.1 |
3,699.4 |
1,554.9 |
3,806.4 |
3,279.3 |
|
Normalized EBIT |
4,412.1 |
3,807.1 |
1,675.7 |
3,985.7 |
3,349.9 |
|
Normalized EBITDA |
6,355.8 |
5,527.1 |
3,149.2 |
5,374.6 |
4,568.8 |
|
Current Tax - Domestic |
- |
- |
404.2 |
315.3 |
716.5 |
|
Current Tax - Foreign |
- |
- |
731.6 |
1,030.4 |
799.4 |
|
Current Tax - Total |
2,365.9 |
- |
- |
- |
- |
|
Current Tax - Total |
2,365.9 |
- |
1,135.9 |
1,345.7 |
1,515.9 |
|
Deferred Tax - Domestic |
- |
- |
-207.3 |
217.2 |
18.4 |
|
Deferred Tax - Foreign |
- |
- |
31.3 |
-28.7 |
-36.2 |
|
Deferred Tax - Total |
-179.7 |
- |
- |
- |
- |
|
Deferred Tax - Total |
-179.7 |
- |
-175.9 |
188.5 |
-17.8 |
|
Income Tax - Total |
2,186.2 |
- |
959.9 |
1,534.2 |
1,498.1 |
|
Interest Cost - Domestic |
80.0 |
74.3 |
68.1 |
62.5 |
54.6 |
|
Service Cost - Domestic |
99.8 |
115.0 |
96.6 |
99.8 |
89.6 |
|
Prior Service Cost - Domestic |
0.4 |
2.0 |
-0.1 |
-1.7 |
-1.0 |
|
Expected Return on Assets - Domestic |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
-89.5 |
|
Actuarial Gains and Losses - Domestic |
280.5 |
85.2 |
137.6 |
28.4 |
5.9 |
|
Curtailments & Settlements - Domestic |
0.0 |
-0.2 |
13.7 |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
360.5 |
182.8 |
230.3 |
94.8 |
59.7 |
|
Total Pension Expense |
360.5 |
182.8 |
230.3 |
94.8 |
59.7 |
|
Discount Rate - Domestic |
2.50% |
2.60% |
2.50% |
2.50% |
2.50% |
|
Expected Rate of Return - Domestic |
3.30% |
3.40% |
3.30% |
3.20% |
2.90% |
|
Compensation Rate - Domestic |
0.90% |
0.90% |
0.80% |
0.80% |
0.80% |
|
Total Plan Interest Cost |
80.0 |
74.3 |
68.1 |
62.5 |
54.6 |
|
Total Plan Service Cost |
99.8 |
115.0 |
96.6 |
99.8 |
89.6 |
|
Total Plan Expected Return |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
-89.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
17,421.1 |
17,418.4 |
15,153.7 |
11,678.2 |
9,158.2 |
|
Short Term Investments |
13.2 |
67.6 |
46.7 |
183.2 |
71.5 |
|
Cash and Short Term Investments |
17,434.3 |
17,485.9 |
15,200.4 |
11,861.4 |
9,229.7 |
|
Accounts Receivable -
Trade, Gross |
19,617.5 |
17,659.3 |
14,793.0 |
14,296.1 |
21,355.7 |
|
Provision for Doubtful
Accounts |
-216.8 |
-197.5 |
-197.2 |
-183.9 |
-234.0 |
|
Trade Accounts Receivable - Net |
19,400.7 |
17,461.8 |
14,595.8 |
14,112.1 |
21,121.7 |
|
Notes Receivable - Short Term |
3,915.6 |
3,590.2 |
3,136.1 |
3,024.0 |
4,263.9 |
|
Total Receivables, Net |
23,316.2 |
21,051.9 |
17,731.9 |
17,136.1 |
25,385.6 |
|
Total Inventory |
6,260.3 |
5,638.9 |
5,402.9 |
5,999.1 |
7,431.8 |
|
Prepaid Expenses |
1,577.8 |
1,503.8 |
1,032.6 |
1,000.0 |
956.3 |
|
Deferred Income Tax - Current Asset |
455.3 |
499.2 |
426.0 |
303.4 |
379.4 |
|
Other Current Assets |
4,683.1 |
5,915.3 |
5,808.6 |
8,441.6 |
7,434.1 |
|
Other Current Assets, Total |
5,138.4 |
6,414.5 |
6,234.7 |
8,745.1 |
7,813.5 |
|
Total Current Assets |
53,727.1 |
52,095.1 |
45,602.4 |
44,741.7 |
50,816.9 |
|
|
|
|
|
|
|
|
Buildings |
4,872.8 |
4,351.4 |
4,077.8 |
3,486.8 |
3,869.0 |
|
Land/Improvements |
2,462.0 |
1,794.4 |
1,696.6 |
1,673.1 |
1,897.3 |
|
Machinery/Equipment |
16,377.8 |
13,475.3 |
10,805.5 |
9,143.2 |
8,529.6 |
|
Construction in
Progress |
1,854.6 |
1,724.9 |
1,821.7 |
1,558.4 |
1,778.1 |
|
Property/Plant/Equipment - Gross |
25,567.2 |
21,346.0 |
18,401.6 |
15,861.5 |
16,074.0 |
|
Accumulated Depreciation |
-12,252.8 |
-10,862.0 |
-9,347.1 |
-7,842.4 |
-7,331.2 |
|
Property/Plant/Equipment - Net |
13,314.5 |
10,483.9 |
9,054.5 |
8,019.1 |
8,742.8 |
|
Intangibles - Gross |
1,929.6 |
1,952.7 |
1,418.1 |
1,561.7 |
1,468.0 |
|
Intangibles, Net |
3,268.5 |
3,008.7 |
2,325.0 |
2,538.7 |
2,759.1 |
|
LT Investments - Other |
3,310.6 |
3,133.2 |
2,397.3 |
2,016.8 |
1,853.1 |
|
Long Term Investments |
3,310.6 |
3,133.2 |
2,397.3 |
2,016.8 |
1,853.1 |
|
Note Receivable - Long Term |
5,513.0 |
5,520.0 |
4,851.2 |
4,924.7 |
4,995.9 |
|
Deferred Income Tax - Long Term Asset |
189.7 |
175.2 |
143.2 |
212.7 |
206.7 |
|
Other Long Term Assets |
30,062.9 |
29,325.7 |
25,191.8 |
22,230.3 |
26,449.4 |
|
Other Long Term Assets, Total |
30,252.6 |
29,500.9 |
25,334.9 |
22,443.0 |
26,656.1 |
|
Total Assets |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
95,823.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
16,293.5 |
15,887.7 |
13,998.1 |
13,086.2 |
18,977.4 |
|
Accrued Expenses |
1,333.8 |
211.5 |
205.2 |
207.6 |
220.3 |
|
Notes Payable/Short Term Debt |
4,375.0 |
3,512.4 |
2,977.4 |
5,114.0 |
5,465.0 |
|
Current Portion - Long Term Debt/Capital Leases |
4,523.3 |
3,726.9 |
3,429.8 |
3,778.4 |
2,779.1 |
|
Customer Advances |
1,296.2 |
1,543.9 |
1,184.8 |
1,337.6 |
1,144.7 |
|
Income Taxes Payable |
887.4 |
819.8 |
402.4 |
471.6 |
1,280.1 |
|
Other Current Liabilities |
3,141.4 |
4,980.1 |
3,281.3 |
4,277.3 |
4,709.9 |
|
Other Current liabilities, Total |
5,325.0 |
7,343.8 |
4,868.6 |
6,086.5 |
7,134.6 |
|
Total Current Liabilities |
31,850.7 |
30,682.3 |
25,479.1 |
28,272.7 |
34,576.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
29,581.4 |
|
Total Long Term Debt |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
29,581.4 |
|
Total Debt |
44,077.2 |
41,246.7 |
37,548.0 |
37,659.3 |
37,825.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
3,442.5 |
3,813.1 |
3,265.2 |
2,592.7 |
3,891.5 |
|
Deferred Income Tax |
3,442.5 |
3,813.1 |
3,265.2 |
2,592.7 |
3,891.5 |
|
Minority Interest |
2,664.2 |
2,258.0 |
2,137.0 |
2,326.4 |
2,451.2 |
|
Pension Benefits - Underfunded |
677.3 |
447.1 |
363.1 |
342.4 |
329.1 |
|
Other Long Term Liabilities |
3,512.2 |
3,984.4 |
3,313.3 |
3,332.1 |
3,055.8 |
|
Other Liabilities, Total |
4,189.5 |
4,431.5 |
3,676.4 |
3,674.4 |
3,384.8 |
|
Total Liabilities |
77,325.7 |
75,192.2 |
65,698.4 |
65,633.1 |
73,885.3 |
|
|
|
|
|
|
|
|
Common Stock |
4,144.9 |
4,120.2 |
3,654.6 |
3,438.6 |
3,391.2 |
|
Common Stock |
4,144.9 |
4,120.2 |
3,654.6 |
3,438.6 |
3,391.2 |
|
Additional Paid-In Capital |
5,225.3 |
5,190.1 |
4,589.6 |
4,396.0 |
4,342.6 |
|
Retained Earnings (Accumulated Deficit) |
27,407.7 |
23,190.6 |
17,893.2 |
15,541.2 |
14,515.3 |
|
Treasury Stock - Common |
-75.3 |
-76.5 |
-67.6 |
-57.3 |
-51.5 |
|
Unrealized Gain (Loss) |
1,098.2 |
1,166.2 |
1,325.9 |
448.1 |
1,411.0 |
|
Translation Adjustment |
-4,618.0 |
-4,161.2 |
-2,918.1 |
-3,894.1 |
-1,358.3 |
|
Minimum Pension Liability Adjustment |
-827.4 |
-706.4 |
-525.8 |
-695.4 |
-323.1 |
|
Other Comprehensive Income |
-295.0 |
-173.4 |
-84.8 |
-126.1 |
11.4 |
|
Other Equity, Total |
-5,740.4 |
-5,040.9 |
-3,528.6 |
-4,715.6 |
-1,670.0 |
|
Total Equity |
32,060.5 |
28,549.6 |
23,867.0 |
19,051.0 |
21,938.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
95,823.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
1,816.6 |
|
Total Common Shares Outstanding |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
1,816.6 |
|
Treasury Shares - Common Stock Primary Issue |
4.2 |
4.3 |
4.3 |
3.8 |
3.5 |
|
Employees |
44,805 |
40,026 |
41,454 |
39,864 |
39,161 |
|
Number of Common Shareholders |
210,164 |
157,274 |
134,564 |
130,019 |
105,338 |
|
Deferred Revenue - Current |
1,296.2 |
1,543.9 |
1,184.8 |
1,337.6 |
1,144.7 |
|
Total Long Term Debt, Supplemental |
39,349.2 |
37,335.0 |
34,207.8 |
32,256.4 |
32,162.6 |
|
Long Term Debt Maturing within 1 Year |
4,546.7 |
3,681.2 |
3,442.2 |
3,758.9 |
2,753.5 |
|
Long Term Debt Maturing in Year 2 |
5,329.8 |
4,371.9 |
3,577.8 |
3,409.1 |
3,862.8 |
|
Long Term Debt Maturing in Year 3 |
5,125.6 |
4,498.5 |
3,604.5 |
3,138.3 |
3,012.0 |
|
Long Term Debt Maturing in Year 4 |
4,066.5 |
5,061.8 |
3,873.0 |
3,154.7 |
3,106.9 |
|
Long Term Debt Maturing in Year 5 |
5,107.5 |
3,898.0 |
4,321.0 |
3,827.9 |
3,224.2 |
|
Long Term Debt Maturing in 2-3 Years |
10,455.4 |
8,870.4 |
7,182.4 |
6,547.5 |
6,874.8 |
|
Long Term Debt Maturing in 4-5 Years |
9,174.0 |
8,959.8 |
8,194.0 |
6,982.6 |
6,331.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
15,173.3 |
15,823.5 |
15,389.3 |
14,967.4 |
16,203.3 |
|
Interest Costs |
-77.3 |
-82.4 |
-42.8 |
-36.4 |
-49.5 |
|
Total Capital Leases, Supplemental |
434.5 |
367.5 |
204.2 |
271.6 |
309.5 |
|
Capital Lease Payments Due in Year 1 |
101.3 |
56.3 |
55.2 |
81.9 |
70.7 |
|
Capital Lease Payments Due in Year 2 |
136.8 |
87.0 |
56.9 |
58.8 |
81.7 |
|
Capital Lease Payments Due in Year 3 |
47.2 |
118.8 |
28.6 |
61.4 |
54.5 |
|
Capital Lease Payments Due in Year 4 |
40.0 |
26.5 |
23.4 |
27.0 |
49.8 |
|
Capital Lease Payments Due in Year 5 |
32.5 |
21.4 |
14.6 |
21.9 |
22.7 |
|
Capital Lease Payments Due in 2-3 Years |
184.0 |
205.8 |
85.5 |
120.2 |
136.3 |
|
Capital Lease Payments Due in 4-5 Years |
72.5 |
47.8 |
38.0 |
48.8 |
72.5 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
154.1 |
140.0 |
68.3 |
57.1 |
79.6 |
|
Total Operating Leases, Supplemental |
1,098.8 |
883.7 |
1,289.1 |
1,442.2 |
1,540.4 |
|
Operating Lease Payments Due in Year 1 |
255.3 |
236.1 |
319.9 |
362.9 |
323.5 |
|
Operating Lease Payments Due in Year 2 |
247.3 |
170.8 |
237.0 |
254.8 |
278.4 |
|
Operating Lease Payments Due in Year 3 |
151.7 |
124.1 |
170.6 |
198.6 |
206.9 |
|
Operating Lease Payments Due in Year 4 |
94.6 |
95.5 |
166.8 |
142.7 |
171.2 |
|
Operating Lease Payments Due in Year 5 |
65.4 |
83.2 |
87.9 |
150.3 |
129.6 |
|
Operating Lease Pymts. Due in 2-3 Years |
399.0 |
294.8 |
407.6 |
453.5 |
485.3 |
|
Operating Lease Pymts. Due in 4-5 Years |
159.9 |
178.6 |
254.7 |
293.0 |
300.7 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
284.6 |
174.1 |
306.9 |
332.8 |
430.8 |
|
Pension Obligation - Domestic |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
2,795.2 |
|
Plan Assets - Domestic |
2,844.5 |
2,892.2 |
2,849.7 |
2,453.8 |
3,097.1 |
|
Funded Status - Domestic |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
301.9 |
|
Total Funded Status |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
301.9 |
|
Discount Rate - Domestic |
2.10% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Compensation Rate - Domestic |
0.90% |
0.90% |
0.90% |
0.80% |
0.80% |
|
Prepaid Benefits - Domestic |
4.1 |
8.7 |
230.7 |
20.0 |
643.1 |
|
Accrued Liabilities - Domestic |
-685.8 |
-453.8 |
-387.1 |
-350.2 |
-341.3 |
|
Net Assets Recognized on Balance Sheet |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
301.9 |
|
Total Plan Obligations |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
2,795.2 |
|
Total Plan Assets |
2,844.5 |
2,892.2 |
2,849.7 |
2,453.8 |
3,097.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
5,986.2 |
3,628.6 |
1,802.2 |
2,116.7 |
3,587.5 |
|
Depreciation |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
1,218.9 |
|
Depreciation/Depletion |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
1,218.9 |
|
Deferred Taxes |
-179.7 |
548.5 |
-175.9 |
188.5 |
-17.8 |
|
Discontinued Operations |
- |
0.0 |
58.7 |
106.6 |
-653.7 |
|
Unusual Items |
305.3 |
-16.2 |
496.6 |
1,360.5 |
-253.4 |
|
Equity in Net Earnings (Loss) |
-922.0 |
-1,078.3 |
-214.5 |
-239.5 |
-481.3 |
|
Other Non-Cash Items |
308.6 |
228.8 |
289.1 |
207.3 |
451.5 |
|
Non-Cash Items |
-308.1 |
-865.7 |
629.9 |
1,434.9 |
-936.9 |
|
Accounts Receivable |
-1,700.6 |
-1,347.4 |
1,443.0 |
7,685.6 |
520.9 |
|
Inventories |
-418.5 |
-572.1 |
850.4 |
630.0 |
-659.4 |
|
Prepaid Expenses |
-3.8 |
-66.8 |
279.9 |
-202.8 |
-312.6 |
|
Other Assets |
22.5 |
226.5 |
-664.1 |
-645.2 |
-1,462.5 |
|
Accounts Payable |
498.9 |
864.5 |
-275.6 |
-5,671.1 |
-358.8 |
|
Accrued Expenses |
250.0 |
372.6 |
-264.0 |
-624.2 |
33.8 |
|
Other Liabilities |
-560.1 |
333.3 |
1,501.9 |
-399.6 |
1,383.8 |
|
Other Operating Cash Flow |
-705.5 |
1,045.1 |
202.6 |
-103.2 |
640.8 |
|
Changes in Working Capital |
-2,617.1 |
855.7 |
3,074.1 |
669.5 |
-214.1 |
|
Cash from Operating Activities |
4,825.0 |
5,887.1 |
6,803.9 |
5,798.6 |
3,637.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
-2,467.7 |
|
Capital Expenditures |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
-2,467.7 |
|
Sale of Business |
82.8 |
273.0 |
0.0 |
46.7 |
930.2 |
|
Sale of Fixed Assets |
297.3 |
200.5 |
471.1 |
344.0 |
1,013.4 |
|
Sale/Maturity of Investment |
1,234.9 |
1,301.9 |
1,216.4 |
1,193.7 |
939.6 |
|
Investment, Net |
-1,249.3 |
-704.1 |
-621.3 |
-1,276.8 |
841.2 |
|
Purchase of Investments |
-1,283.3 |
-2,505.0 |
-525.0 |
-770.6 |
-2,155.7 |
|
Other Investing Cash Flow |
-17.8 |
-355.7 |
18.8 |
92.2 |
-17.7 |
|
Other Investing Cash Flow Items, Total |
-935.3 |
-1,789.4 |
560.0 |
-370.7 |
1,551.0 |
|
Cash from Investing Activities |
-5,549.4 |
-5,648.4 |
-1,937.7 |
-2,894.9 |
-916.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-57.4 |
98.3 |
-509.2 |
-143.3 |
0.0 |
|
Financing Cash Flow Items |
-57.4 |
98.3 |
-509.2 |
-143.3 |
0.0 |
|
Cash Dividends Paid - Common |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
-630.6 |
|
Total Cash Dividends Paid |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
-630.6 |
|
Common Stock, Net |
1.7 |
-0.4 |
-0.3 |
-7.2 |
-14.0 |
|
Issuance (Retirement) of Stock, Net |
1.7 |
-0.4 |
-0.3 |
-7.2 |
-14.0 |
|
Short Term Debt, Net |
524.6 |
585.8 |
-2,285.5 |
408.2 |
-1,302.2 |
|
Long Term Debt Issued |
6,164.0 |
4,405.6 |
5,307.9 |
3,639.8 |
4,822.7 |
|
Long Term Debt
Reduction |
-4,657.7 |
-4,034.4 |
-4,682.7 |
-3,125.8 |
-4,495.5 |
|
Long Term Debt, Net |
1,506.3 |
371.3 |
625.2 |
514.0 |
327.2 |
|
Issuance (Retirement) of Debt, Net |
2,030.9 |
957.1 |
-1,660.2 |
922.2 |
-975.1 |
|
Cash from Financing Activities |
726.9 |
394.7 |
-2,307.3 |
-97.3 |
-1,619.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-128.3 |
-170.5 |
169.7 |
-332.9 |
-233.2 |
|
Net Change in Cash |
-126.0 |
462.8 |
2,728.5 |
2,473.5 |
868.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18,250.2 |
16,354.0 |
12,349.9 |
8,949.3 |
6,999.3 |
|
Net Cash - Ending Balance |
18,124.2 |
16,816.8 |
15,078.4 |
11,422.8 |
7,867.4 |
|
Cash Interest Paid |
672.4 |
590.9 |
635.9 |
835.6 |
962.5 |
|
Cash Taxes Paid |
1,974.8 |
1,249.6 |
1,143.3 |
2,537.2 |
1,612.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Sales of Products |
60,196.2 |
48,486.0 |
38,631.9 |
48,290.0 |
43,829.1 |
|
Sales of Services |
4,774.9 |
4,333.6 |
4,031.6 |
4,755.7 |
4,844.5 |
|
Other Sales |
1,537.5 |
1,788.5 |
1,412.2 |
1,736.9 |
1,534.2 |
|
Total Revenue |
66,508.6 |
54,608.1 |
44,075.7 |
54,782.6 |
50,207.9 |
|
|
|
|
|
|
|
|
Cost of Product Sale |
52,764.3 |
41,884.5 |
34,386.8 |
42,503.4 |
39,478.6 |
|
Cost of Service Sale |
1,868.8 |
1,603.2 |
1,459.0 |
1,624.0 |
1,366.4 |
|
Cost of Other Sales |
752.6 |
1,093.3 |
677.2 |
710.7 |
718.5 |
|
Bad Debt Exp&Prov of Allow.-Dbt Acct-SGA |
191.2 |
- |
- |
- |
- |
|
Selling, general and administrative expe |
6,519.6 |
- |
- |
- |
- |
|
Selling/Gen./Admin. |
- |
6,219.9 |
5,877.1 |
5,958.8 |
5,294.5 |
|
Doubtful Provision |
- |
107.7 |
120.8 |
179.3 |
70.6 |
|
G/L on val. of mkbl. secs. |
424.0 |
227.1 |
521.7 |
1,167.0 |
321.2 |
|
L on val.fixed assets |
177.9 |
213.5 |
93.8 |
375.1 |
213.4 |
|
Goodwill impairment loss |
53.3 |
7.0 |
106.6 |
184.8 |
17.5 |
|
Settlement expenses |
0.0 |
1,033.4 |
0.0 |
- |
- |
|
Total Operating Expense |
62,751.8 |
52,389.7 |
43,242.9 |
52,703.0 |
47,480.8 |
|
|
|
|
|
|
|
|
Interest Expense |
-539.7 |
-474.6 |
-498.3 |
-740.0 |
-929.2 |
|
Interest Income |
470.8 |
- |
- |
- |
- |
|
Interest Income |
- |
466.4 |
386.0 |
394.3 |
501.0 |
|
Dividends income |
1,095.0 |
- |
- |
- |
- |
|
Dividends |
- |
595.2 |
405.8 |
716.0 |
438.4 |
|
G/L on sale of mkbl. secs. |
277.8 |
461.2 |
225.4 |
330.7 |
807.6 |
|
G/L on disp. fixed asset |
72.1 |
2.7 |
0.1 |
35.7 |
-2.0 |
|
DPF Compensation Expenses |
- |
- |
- |
- |
0.0 |
|
Other G/L |
100.2 |
-86.9 |
4.3 |
-406.1 |
-25.9 |
|
Net Income Before Taxes |
5,233.1 |
3,182.3 |
1,356.1 |
2,410.1 |
3,517.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2,186.2 |
2,379.5 |
959.9 |
1,534.2 |
1,498.1 |
|
Net Income After Taxes |
3,046.9 |
802.8 |
396.2 |
875.9 |
2,018.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-483.6 |
-50.0 |
-191.3 |
-349.2 |
-402.1 |
|
Gain On Equity From Subsidiaries And Aff |
2,939.3 |
- |
- |
- |
- |
|
Equity in Earnings |
- |
2,825.8 |
1,414.6 |
1,200.8 |
1,349.6 |
|
Net Income Before Extra. Items |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
2,966.5 |
|
Disc. Operations |
- |
0.0 |
-8.5 |
40.1 |
621.0 |
|
Net Income |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
3,587.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5,502.7 |
3,578.6 |
1,619.4 |
1,727.4 |
2,966.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5,502.7 |
3,578.6 |
1,610.9 |
1,767.5 |
3,587.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,824.9 |
1,824.8 |
1,823.2 |
1,820.0 |
1,804.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
3.02 |
1.96 |
0.89 |
0.95 |
1.64 |
|
Basic EPS Including ExtraOrdinary Item |
3.02 |
1.96 |
0.88 |
0.97 |
1.99 |
|
Dilution Adjustment |
0.0 |
0.0 |
-0.2 |
0.3 |
0.7 |
|
Diluted Net Income |
5,502.7 |
3,578.6 |
1,610.7 |
1,767.8 |
3,588.2 |
|
Diluted Weighted Average Shares |
1,824.9 |
1,824.8 |
1,823.2 |
1,825.2 |
1,824.3 |
|
Diluted EPS Excluding ExtraOrd Items |
3.02 |
1.96 |
0.89 |
0.95 |
1.63 |
|
Diluted EPS Including ExtraOrd Items |
3.02 |
1.96 |
0.88 |
0.97 |
1.97 |
|
DPS-Common Stock |
0.70 |
0.55 |
0.19 |
0.25 |
0.40 |
|
Gross Dividends - Common Stock |
1,271.5 |
1,001.2 |
353.6 |
453.1 |
730.7 |
|
Normalized Income Before Taxes |
5,816.2 |
4,768.4 |
2,198.9 |
4,280.6 |
4,141.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2,429.8 |
2,934.6 |
1,254.9 |
2,188.9 |
1,764.2 |
|
Normalized Income After Taxes |
3,386.4 |
1,833.8 |
944.0 |
2,091.7 |
2,377.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5,842.2 |
4,609.6 |
2,167.3 |
2,943.2 |
3,325.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.20 |
2.53 |
1.19 |
1.62 |
1.84 |
|
Diluted Normalized EPS |
3.20 |
2.53 |
1.19 |
1.61 |
1.82 |
|
Research&Development |
42.2 |
44.8 |
38.8 |
34.6 |
34.8 |
|
Advertising expense |
56.1 |
- |
- |
- |
- |
|
Advertisement |
- |
48.8 |
63.2 |
80.9 |
73.1 |
|
Interest Expense |
539.7 |
474.6 |
498.3 |
740.0 |
929.2 |
|
Depreciation |
1,943.7 |
- |
- |
- |
- |
|
Depreciation |
- |
1,720.0 |
1,473.5 |
1,388.9 |
1,218.9 |
|
Income taxes-current |
2,365.9 |
- |
- |
- |
- |
|
Domesic |
- |
- |
404.2 |
315.3 |
716.5 |
|
Foreign |
- |
- |
731.6 |
1,030.4 |
799.4 |
|
Current Tax - Total |
2,365.9 |
- |
1,135.9 |
1,345.7 |
1,515.9 |
|
Deferred Income Taxes |
-179.7 |
- |
- |
- |
- |
|
Domesic |
- |
- |
-207.3 |
217.2 |
18.4 |
|
Foreign |
- |
- |
31.3 |
-28.7 |
-36.2 |
|
Deferred Tax - Total |
-179.7 |
- |
-175.9 |
188.5 |
-17.8 |
|
Income Tax - Total |
2,186.2 |
- |
959.9 |
1,534.2 |
1,498.1 |
|
Reported Operating Profit |
4,412.1 |
3,699.4 |
1,554.9 |
3,806.4 |
3,279.3 |
|
Service cost |
99.8 |
115.0 |
96.6 |
99.8 |
89.6 |
|
Interest cost |
80.0 |
74.3 |
68.1 |
62.5 |
54.6 |
|
Expected return on plan asset |
-100.1 |
-93.4 |
-85.5 |
-94.2 |
-89.5 |
|
Prior service cost |
0.4 |
2.0 |
-0.1 |
-1.7 |
-1.0 |
|
Retirement Benefit Expenses Actuarial Lo |
157.2 |
- |
- |
- |
- |
|
Actuarial G/L |
123.2 |
85.2 |
137.6 |
28.4 |
5.9 |
|
Settlements |
0.0 |
-0.2 |
0.4 |
0.0 |
0.0 |
|
Curtailments |
0.0 |
-0.1 |
13.3 |
0.0 |
- |
|
Domestic Pension Plan Expense |
360.5 |
182.8 |
230.3 |
94.8 |
59.7 |
|
Total Pension Expense |
360.5 |
182.8 |
230.3 |
94.8 |
59.7 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.50% |
- |
- |
- |
- |
|
Discount rate |
- |
2.60% |
2.50% |
2.50% |
2.50% |
|
Expected return on assets(MIN)-Retiremen |
3.30% |
- |
- |
- |
- |
|
Plan asset expected rate of return |
- |
3.40% |
3.30% |
3.20% |
2.90% |
|
Assumed Wage increase Rate (MAX)-Retirem |
0.90% |
- |
- |
- |
- |
|
Compensation rate |
- |
0.90% |
0.80% |
0.80% |
0.80% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash/Equivalents |
17,370.9 |
17,387.3 |
14,997.8 |
11,621.0 |
9,034.7 |
|
Deposits |
50.1 |
31.1 |
155.9 |
57.2 |
123.6 |
|
Short-term investment securities |
13.2 |
- |
- |
- |
- |
|
Mktbl. Secs. |
- |
67.6 |
46.7 |
183.2 |
71.5 |
|
Notes/Loans Rcv. |
3,915.6 |
3,590.2 |
3,136.1 |
3,024.0 |
4,263.9 |
|
Accounts receivable-trade |
19,617.5 |
- |
- |
- |
- |
|
Accounts Rcvbl. |
- |
17,659.3 |
14,793.0 |
14,296.1 |
21,355.7 |
|
Derivatives |
651.4 |
- |
- |
- |
- |
|
Other |
2,613.0 |
- |
- |
- |
- |
|
Assoc. Rcvbl. |
1,418.8 |
1,932.1 |
1,735.5 |
1,712.2 |
2,299.0 |
|
Allowance For Doubtful Accounts |
-216.8 |
- |
- |
- |
- |
|
Doubtful Account |
- |
-197.5 |
-197.2 |
-183.9 |
-234.0 |
|
Inventories |
6,260.3 |
5,638.9 |
5,402.9 |
5,999.1 |
7,431.8 |
|
Advance payments-trade |
1,577.8 |
- |
- |
- |
- |
|
Advance Payments |
- |
1,503.8 |
1,032.6 |
1,000.0 |
956.3 |
|
Dfd. Income Tax. |
455.3 |
499.2 |
426.0 |
303.4 |
379.4 |
|
Derivative Receivables |
- |
1,153.7 |
1,225.0 |
3,340.1 |
2,806.0 |
|
Other |
- |
2,829.5 |
2,848.1 |
3,389.4 |
2,329.1 |
|
Total Current Assets |
53,727.1 |
52,095.1 |
45,602.4 |
44,741.7 |
50,816.9 |
|
|
|
|
|
|
|
|
Other |
9,619.3 |
- |
- |
- |
- |
|
Allowance For Doubtful Accounts |
-447.2 |
- |
- |
- |
- |
|
Affiliate Investment |
20,745.0 |
19,314.9 |
15,015.6 |
12,913.7 |
13,392.7 |
|
Other Investment |
- |
10,374.6 |
10,337.6 |
9,691.4 |
12,874.6 |
|
LT Receivables |
5,513.0 |
5,520.0 |
4,851.2 |
4,924.7 |
4,995.9 |
|
Doubtful Account |
- |
-511.8 |
-518.8 |
-525.3 |
-592.3 |
|
Property Leased |
3,310.6 |
3,133.2 |
2,397.3 |
2,016.8 |
1,853.1 |
|
Land and Mount |
2,462.0 |
1,794.4 |
1,696.6 |
1,673.1 |
1,897.3 |
|
Buildings |
4,872.8 |
- |
- |
- |
- |
|
Buildings |
- |
4,351.4 |
4,077.8 |
3,486.8 |
3,869.0 |
|
Machinery And Equipment |
15,861.5 |
- |
- |
- |
- |
|
Vessels |
516.3 |
- |
- |
- |
- |
|
Equip./Fixtures |
- |
13,005.9 |
10,487.6 |
8,781.2 |
8,190.1 |
|
Mineral Rights |
1,929.6 |
1,952.7 |
1,418.1 |
1,561.7 |
1,468.0 |
|
Ships |
- |
469.4 |
317.9 |
362.0 |
339.5 |
|
Construction In Progress |
1,854.6 |
- |
- |
- |
- |
|
Project in Prog. |
- |
1,724.9 |
1,821.7 |
1,558.4 |
1,778.1 |
|
Depreciation |
-12,252.8 |
-10,862.0 |
-9,347.1 |
-7,842.4 |
-7,331.2 |
|
Total intangible assets |
1,338.9 |
- |
- |
- |
- |
|
Intangibles |
- |
1,056.0 |
906.9 |
977.1 |
1,291.0 |
|
Deferred Taxes |
189.7 |
175.2 |
143.2 |
212.7 |
206.7 |
|
Miscellaneous |
145.8 |
148.0 |
357.3 |
150.4 |
774.4 |
|
Total Assets |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
95,823.9 |
|
|
|
|
|
|
|
|
Notes payable-trade |
647.1 |
- |
- |
- |
- |
|
Short-term loans payable |
3,728.0 |
- |
- |
- |
- |
|
ST Loans/Notes |
- |
3,017.2 |
2,583.3 |
4,597.1 |
4,667.2 |
|
Current portion of long-term loans payab |
4,523.3 |
- |
- |
- |
- |
|
Cur.Mat. LT Debt |
- |
3,726.9 |
3,429.8 |
3,778.4 |
2,779.1 |
|
Notes Payable |
- |
495.3 |
394.2 |
516.8 |
797.9 |
|
Notes And Accounts Payable Trade |
16,293.5 |
- |
- |
- |
- |
|
Accounts Payable |
- |
15,887.7 |
13,998.1 |
13,086.2 |
18,977.4 |
|
Derivatives Liabilities |
792.2 |
- |
- |
- |
- |
|
Other |
1,132.1 |
- |
- |
- |
- |
|
Assoc. Payable |
1,338.7 |
1,051.9 |
682.4 |
397.3 |
698.0 |
|
Accrued Taxes |
887.4 |
819.8 |
402.4 |
471.6 |
1,280.1 |
|
Accrued Interest |
201.7 |
211.5 |
205.2 |
207.6 |
220.3 |
|
Accrued Expenses |
- |
872.0 |
766.1 |
908.2 |
859.3 |
|
Advances Received |
1,296.2 |
- |
- |
- |
- |
|
Customer Adv. |
- |
1,543.9 |
1,184.8 |
1,337.6 |
1,144.7 |
|
Derivative Payables |
- |
1,064.2 |
898.7 |
1,827.8 |
2,398.0 |
|
Other Liabs. |
1,010.6 |
1,991.9 |
934.2 |
1,144.0 |
754.6 |
|
Total Current Liabilities |
31,850.7 |
30,682.3 |
25,479.1 |
28,272.7 |
34,576.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
29,581.4 |
|
Total Long Term Debt |
35,178.8 |
34,007.3 |
31,140.8 |
28,766.8 |
29,581.4 |
|
|
|
|
|
|
|
|
Accrued Pension |
677.3 |
447.1 |
363.1 |
342.4 |
329.1 |
|
Deferred tax liabilities |
3,442.5 |
- |
- |
- |
- |
|
Deferred Taxes - Not Current |
- |
3,813.1 |
3,265.2 |
2,592.7 |
3,891.5 |
|
Equity Minority/Non Controlling Interest |
2,664.2 |
- |
- |
- |
- |
|
Minority Int. |
- |
2,258.0 |
2,137.0 |
2,326.4 |
2,451.2 |
|
Other |
3,512.2 |
- |
- |
- |
- |
|
Other |
- |
3,984.4 |
3,313.3 |
3,332.1 |
3,055.8 |
|
Total Liabilities |
77,325.7 |
75,192.2 |
65,698.4 |
65,633.1 |
73,885.3 |
|
|
|
|
|
|
|
|
Capital Stock |
4,144.9 |
- |
- |
- |
- |
|
Common Stock |
- |
4,120.2 |
3,654.6 |
3,438.6 |
3,391.2 |
|
Paid in Capital |
5,225.3 |
5,190.1 |
4,589.6 |
4,396.0 |
4,342.6 |
|
Legal retained earnings |
795.0 |
- |
- |
- |
- |
|
Appropriated Rsv |
- |
745.2 |
576.2 |
494.1 |
476.8 |
|
Unappropriated |
26,612.7 |
22,445.4 |
17,317.0 |
15,047.1 |
14,038.4 |
|
Unrealized Holding Loss Gain On Securiti |
1,098.2 |
- |
- |
- |
- |
|
Unrlzd Gain Secs |
- |
1,166.2 |
1,325.9 |
448.1 |
1,411.0 |
|
Foreign Currency |
-4,618.0 |
-4,161.2 |
-2,918.1 |
-3,894.1 |
-1,358.3 |
|
Defined Salary Type Pension |
-827.4 |
-706.4 |
-525.8 |
-695.4 |
-323.1 |
|
Unrlzd Gain Derivative val. |
-295.0 |
-173.4 |
-84.8 |
-126.1 |
11.4 |
|
Treasury Stock |
-75.3 |
- |
- |
- |
- |
|
Treasury Stock |
- |
-76.5 |
-67.6 |
-57.3 |
-51.5 |
|
Total Equity |
32,060.5 |
28,549.6 |
23,867.0 |
19,051.0 |
21,938.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
109,386.2 |
103,741.8 |
89,565.3 |
84,684.0 |
95,823.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
1,816.6 |
|
Total Common Shares Outstanding |
1,824.9 |
1,824.8 |
1,824.8 |
1,821.2 |
1,816.6 |
|
T/S-Common Stock |
4.2 |
4.3 |
4.3 |
3.8 |
3.5 |
|
Advances Received |
1,296.2 |
- |
- |
- |
- |
|
Deferred Revenue - Current |
- |
1,543.9 |
1,184.8 |
1,337.6 |
1,144.7 |
|
Full-Time Employees |
44,805 |
40,026 |
41,454 |
39,864 |
39,161 |
|
Total Number of Shareholders |
210,164 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
157,274 |
134,564 |
130,019 |
105,338 |
|
Loans Payable Maturing within a Year |
4,546.7 |
- |
- |
- |
- |
|
LT Debt due within 1 Yr. |
- |
3,681.2 |
3,442.2 |
3,758.9 |
2,753.5 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
5,329.8 |
- |
- |
- |
- |
|
LT Debt due within 2 Yr. |
- |
4,371.9 |
3,577.8 |
3,409.1 |
3,862.8 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
5,125.6 |
- |
- |
- |
- |
|
LT Debt due within 3 Yr. |
- |
4,498.5 |
3,604.5 |
3,138.3 |
3,012.0 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
4,066.5 |
- |
- |
- |
- |
|
LT Debt due within 4 Yr. |
- |
5,061.8 |
3,873.0 |
3,154.7 |
3,106.9 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
5,107.5 |
- |
- |
- |
- |
|
LT Debt due within 5 Yr. |
- |
3,898.0 |
4,321.0 |
3,827.9 |
3,224.2 |
|
Loans Payable Remaining |
15,173.3 |
- |
- |
- |
- |
|
Thereafter |
- |
15,823.5 |
15,389.3 |
14,967.4 |
16,203.3 |
|
Total Long Term Debt, Supplemental |
39,349.2 |
37,335.0 |
34,207.8 |
32,256.4 |
32,162.6 |
|
Capital Lease Maturing within a Year |
101.3 |
- |
- |
- |
- |
|
CP Lease due within 1 Yr. |
- |
56.3 |
55.2 |
81.9 |
70.7 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
136.8 |
- |
- |
- |
- |
|
CP Lease due within 2 Yr. |
- |
87.0 |
56.9 |
58.8 |
81.7 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
47.2 |
- |
- |
- |
- |
|
CP Lease due within 3 Yr. |
- |
118.8 |
28.6 |
61.4 |
54.5 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
40.0 |
- |
- |
- |
- |
|
CP Lease due within 4 Yr. |
- |
26.5 |
23.4 |
27.0 |
49.8 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
32.5 |
- |
- |
- |
- |
|
CP Lease due within 5 Yr. |
- |
21.4 |
14.6 |
21.9 |
22.7 |
|
Capital Lease Remaining |
154.1 |
- |
- |
- |
- |
|
Thereafter |
- |
140.0 |
68.3 |
57.1 |
79.6 |
|
Interest Costs |
-77.3 |
- |
- |
- |
- |
|
Interest Cost |
- |
-82.4 |
-42.8 |
-36.4 |
-49.5 |
|
Total Capital Leases |
434.5 |
367.5 |
204.2 |
271.6 |
309.5 |
|
Operating Lease Maturing within a Year |
255.3 |
- |
- |
- |
- |
|
OP Lease due within 1 Yr. |
- |
236.1 |
319.9 |
362.9 |
323.5 |
|
Operating Lease Maturing over a Year wit |
247.3 |
- |
- |
- |
- |
|
OP Lease due within 2 Yr. |
- |
170.8 |
237.0 |
254.8 |
278.4 |
|
Operating Lease Maturing over 2 Year wit |
151.7 |
- |
- |
- |
- |
|
OP Lease due within 3 Yr. |
- |
124.1 |
170.6 |
198.6 |
206.9 |
|
Operating Lease Maturing over 3 Year wit |
94.6 |
- |
- |
- |
- |
|
OP Lease due within 4 Yr. |
- |
95.5 |
166.8 |
142.7 |
171.2 |
|
Operating Lease Maturing over 4 Year wit |
65.4 |
- |
- |
- |
- |
|
OP Lease due within 5 Yr. |
- |
83.2 |
87.9 |
150.3 |
129.6 |
|
Operating Lease Remaining |
284.6 |
- |
- |
- |
- |
|
Thereafter |
- |
174.1 |
306.9 |
332.8 |
430.8 |
|
Total Operating Leases |
1,098.8 |
883.7 |
1,289.1 |
1,442.2 |
1,540.4 |
|
Pension obligation |
3,526.1 |
3,337.3 |
3,006.1 |
2,784.0 |
2,795.2 |
|
Plan Assets at Fair Value |
2,844.5 |
- |
- |
- |
- |
|
Fair value of plan asset |
- |
2,892.2 |
2,849.7 |
2,453.8 |
3,097.1 |
|
Unfunded Retirement Benefit Obligation |
-681.6 |
- |
- |
- |
- |
|
Funded status |
- |
-445.1 |
-156.4 |
-330.2 |
301.9 |
|
Total Funded Status |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
301.9 |
|
Discount rate |
2.10% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Compensation rate |
0.90% |
0.90% |
0.90% |
0.80% |
0.80% |
|
Prepaid pension |
4.1 |
8.7 |
230.7 |
20.0 |
643.1 |
|
Accrued Expenses |
-8.5 |
-6.7 |
-24.0 |
-7.9 |
-12.2 |
|
Pension obligation |
-677.3 |
-447.1 |
-363.1 |
-342.4 |
-329.1 |
|
Net Assets Recognized on Balance Sheet |
-681.6 |
-445.1 |
-156.4 |
-330.2 |
301.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
114.302336 |
|
Auditor |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte & Touche
LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
5,986.2 |
3,628.6 |
1,802.2 |
2,116.7 |
3,587.5 |
|
Depreciation |
1,943.7 |
1,720.0 |
1,473.5 |
1,388.9 |
1,218.9 |
|
Disc. Operations |
- |
0.0 |
8.5 |
-40.1 |
-621.0 |
|
Accrued Retirement Benefits & Pension |
117.4 |
121.1 |
168.3 |
28.0 |
-21.2 |
|
Doubtful Accounts |
191.2 |
107.7 |
120.8 |
179.3 |
70.6 |
|
Gain/Loss Sale Mark. Secs. |
-277.8 |
-461.2 |
-225.4 |
-330.7 |
-807.6 |
|
Loss Val, Mark.Secs. |
424.0 |
227.1 |
521.7 |
1,167.0 |
321.2 |
|
Gain/Loss Disposal of Fixed Assets |
-72.1 |
-2.7 |
-0.1 |
-35.7 |
2.0 |
|
Loss Val Fixed Assets |
177.9 |
213.5 |
93.8 |
375.1 |
213.4 |
|
Impairment Losses |
53.3 |
7.0 |
106.6 |
184.8 |
17.5 |
|
Settlement charges |
-1,090.5 |
1,033.4 |
0.0 |
- |
- |
|
Deferred Income Tax. |
-179.7 |
548.5 |
-175.9 |
188.5 |
-17.8 |
|
Minority Interest Gain/Loss |
- |
- |
- |
- |
402.1 |
|
Equity Gain/Loss |
-922.0 |
-1,078.3 |
-214.5 |
-239.5 |
-481.3 |
|
Account Receivables |
-1,700.6 |
-1,219.2 |
937.8 |
8,345.8 |
680.7 |
|
Inventories |
-418.5 |
-572.1 |
850.4 |
630.0 |
-659.4 |
|
Account Payables |
498.9 |
864.5 |
-275.6 |
-5,671.1 |
-358.8 |
|
Accrued Expenses |
250.0 |
372.6 |
-264.0 |
-624.2 |
33.8 |
|
Inc in advance payments |
-3.8 |
-66.8 |
279.9 |
-202.8 |
-312.6 |
|
Advance Received |
-560.1 |
208.1 |
-506.3 |
203.2 |
452.5 |
|
Inc./Dec. in derivatives debt |
- |
125.2 |
2,008.2 |
-602.8 |
931.3 |
|
Incr /Decr in Other Assets-Cash Flow |
22.5 |
- |
- |
- |
- |
|
Inc. derivative assets |
- |
226.5 |
-664.1 |
-645.2 |
-1,462.5 |
|
Income tax receivable |
- |
-128.3 |
505.3 |
-660.2 |
-159.8 |
|
Settlement payment |
- |
0.0 |
- |
- |
- |
|
Other, net |
385.3 |
11.7 |
202.6 |
-103.2 |
640.8 |
|
Rounding adjustment Cash flow |
-0.4 |
- |
- |
- |
- |
|
Discountinued Op. |
- |
0.0 |
50.1 |
146.7 |
-32.6 |
|
Cash from Operating Activities |
4,825.0 |
5,887.1 |
6,803.9 |
5,798.6 |
3,637.6 |
|
|
|
|
|
|
|
|
Time Deposits, Net |
3.2 |
128.2 |
-138.7 |
33.3 |
-57.8 |
|
Investment in Affiliate Company |
-2,294.3 |
-1,296.3 |
-974.6 |
-1,919.6 |
-1,809.8 |
|
Sale of Investment-Affiliate Company |
1,041.9 |
464.0 |
492.0 |
609.5 |
2,708.8 |
|
Purch of Marketable Secs. |
-34.0 |
-285.0 |
-210.4 |
-60.1 |
-548.0 |
|
Sale of Marketable Secs. |
324.3 |
245.9 |
188.9 |
160.3 |
399.4 |
|
Redemption of Marketable Secs. |
54.2 |
49.6 |
173.5 |
58.8 |
39.4 |
|
Purch of Liability Certificate |
-3.0 |
-18.4 |
0.0 |
- |
- |
|
Redemption of Liability Certificate |
0.0 |
0.1 |
20.4 |
0.7 |
54.2 |
|
Purch of Other Investment |
-632.4 |
-955.3 |
-314.5 |
-698.5 |
-1,150.8 |
|
Sale of Other Investment |
856.5 |
1,006.3 |
833.7 |
974.0 |
446.6 |
|
LT Loan Receivables |
-1,396.3 |
-1,488.3 |
-894.3 |
-760.6 |
-770.2 |
|
LT Loan Collection |
1,378.5 |
1,132.6 |
913.0 |
852.8 |
752.6 |
|
Capital Expenditures |
-4,614.1 |
-3,859.0 |
-2,497.7 |
-2,524.2 |
-2,467.7 |
|
Asset Sale Proceeds |
297.3 |
200.5 |
471.1 |
344.0 |
1,013.4 |
|
Acq. Subsidiaries |
-614.0 |
-1,246.3 |
0.0 |
-12.0 |
-456.8 |
|
Sale of Subsidiary Company |
82.8 |
273.0 |
0.0 |
46.7 |
930.2 |
|
Cash from Investing Activities |
-5,549.4 |
-5,648.4 |
-1,937.7 |
-2,894.9 |
-916.7 |
|
|
|
|
|
|
|
|
ST Debt, Net |
524.6 |
585.8 |
-2,285.5 |
408.2 |
-1,302.2 |
|
Long Term Debt |
6,164.0 |
4,405.6 |
5,307.9 |
3,639.8 |
4,822.7 |
|
LT Debt Reduction |
-4,657.7 |
-4,034.4 |
-4,682.7 |
-3,125.8 |
-4,495.5 |
|
Proceed from Minority Interest |
-57.4 |
98.3 |
-509.2 |
-143.3 |
0.0 |
|
Purchase and Sale of Treasury Stock |
1.7 |
-0.4 |
-0.3 |
-7.2 |
-14.0 |
|
Dividends Paid |
-1,248.3 |
-660.4 |
-137.5 |
-869.0 |
-630.6 |
|
Cash from Financing Activities |
726.9 |
394.7 |
-2,307.3 |
-97.3 |
-1,619.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-128.3 |
-170.5 |
169.7 |
-332.9 |
-233.2 |
|
Net Change in Cash |
-126.0 |
462.8 |
2,728.5 |
2,473.5 |
868.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18,250.2 |
16,354.0 |
12,349.9 |
8,949.3 |
6,999.3 |
|
Net Cash - Ending Balance |
18,124.2 |
16,816.8 |
15,078.4 |
11,422.8 |
7,867.4 |
|
Cash Interest Paid |
672.4 |
590.9 |
635.9 |
835.6 |
962.5 |
|
Cash Taxes Paid |
1,974.8 |
1,249.6 |
1,143.3 |
2,537.2 |
1,612.6 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio
Comparisons
|
Traded: Over The
Counter: MITSY |
Financials in:
USD (actual units) |
|
Industry: Misc. Capital
Goods |
As of
09-Nov-2012 |
|
Sector: Capital Goods |
|
|
|
Company |
Industry |
Sector |
S&P 500 |
|
Valuation Ratios |
||||
|
P/E Excluding Extraordinary (TTM) |
7.90 |
21.72 |
22.07 |
19.68 |
|
P/E High Excluding Extraordinary - Last 5 Yrs |
19.01 |
41.44 |
37.65 |
32.79 |
|
P/E Low Excluding Extraordinary - Last 5 Yrs |
5.75 |
7.58 |
7.33 |
10.71 |
|
Beta |
1.15 |
1.29 |
1.34 |
1.00 |
|
Price/Revenue (TTM) |
0.40 |
1.68 |
1.52 |
2.57 |
|
Price/Book (MRQ) |
0.77 |
3.65 |
4.76 |
3.67 |
|
Price to Tangible Book (MRQ) |
0.85 |
8.82 |
7.19 |
5.21 |
|
Price to Cash Flow Per Share (TTM) |
7.89 |
14.93 |
15.36 |
14.22 |
|
Price to Free Cash Flow Per Share (TTM) |
129.07 |
27.60 |
32.27 |
26.26 |
|
|
|
|
|
|
|
Dividends |
||||
|
Dividend Yield |
5.00% |
1.76% |
1.88% |
2.26% |
|
Dividend Per Share - 5 Yr Avg |
9.61 |
1.69 |
1.73 |
1.99 |
|
Dividend 5 Yr Growth |
10.10% |
11.31% |
7.09% |
0.08% |
|
Payout Ratio (TTM) |
35.77% |
29.04% |
27.79% |
25.98% |
|
|
|
|
|
|
|
Growth Rates (%) |
||||
|
Revenue (MRQ) vs Qtr 1 Yr Ago |
-12.05% |
13.69% |
13.77% |
15.58% |
|
Revenue (TTM) vs TTM 1 Yr Ago |
-2.27% |
7.50% |
9.04% |
17.69% |
|
Revenue 5 Yr Growth |
1.84% |
6.22% |
6.24% |
8.97% |
|
EPS (MRQ) vs Qtr 1 Yr Ago |
-32.44% |
28.86% |
8.64% |
19.49% |
|
EPS (TTM) vs TTM 1 Yr Ago |
-27.26% |
33.50% |
48.61% |
32.55% |
|
EPS 5 Yr Growth |
7.74% |
8.06% |
11.11% |
9.86% |
|
Capital Spending 5 Yr Growth |
2.16% |
5.01% |
2.27% |
-2.04% |
|
|
|
|
|
|
|
Financial Strength |
||||
|
Quick Ratio (MRQ) |
1.30 |
1.03 |
1.00 |
1.24 |
|
Current Ratio (MRQ) |
1.50 |
1.95 |
1.91 |
1.79 |
|
LT Debt/Equity (MRQ) |
1.07 |
0.42 |
0.99 |
0.64 |
|
Total Debt/Equity (MRQ) |
1.45 |
0.45 |
1.16 |
0.73 |
|
Interest Coverage (TTM) |
- |
11.82 |
11.79 |
13.80 |
|
|
|
|
|
|
|
Profitability Ratios (%) |
||||
|
Gross Margin (TTM) |
14.34% |
31.48% |
24.70% |
45.21% |
|
Gross Margin - 5 Yr Avg |
14.97% |
30.28% |
24.93% |
44.91% |
|
EBITD Margin (TTM) |
8.80% |
14.72% |
12.97% |
24.43% |
|
EBITD Margin - 5 Yr Avg |
7.32% |
13.59% |
12.28% |
22.84% |
|
Operating Margin (TTM) |
5.35% |
12.13% |
9.82% |
20.63% |
|
Operating Margin - 5 Yr Avg |
4.43% |
11.15% |
9.51% |
18.28% |
|
Pretax Margin (TTM) |
4.44% |
11.17% |
8.95% |
17.95% |
|
Pretax Margin - 5 Yr Avg |
5.76% |
10.14% |
8.79% |
17.10% |
|
Net Profit Margin (TTM) |
1.61% |
7.96% |
6.41% |
13.65% |
|
Net Profit Margin - 5 Yr Avg |
2.63% |
6.96% |
6.01% |
12.10% |
|
Effective Tax Rate (TTM) |
63.73% |
27.81% |
29.26% |
28.45% |
|
Effective Tax rate - 5 Yr Avg |
54.33% |
30.76% |
31.03% |
29.92% |
|
|
|
|
|
|
|
Management Effectiveness (%) |
||||
|
Return on Assets (TTM) |
0.93% |
8.48% |
6.25% |
8.54% |
|
Return on Assets - 5 Yr Avg |
1.50% |
8.02% |
6.69% |
8.40% |
|
Return on Investment (TTM) |
1.38% |
5.39% |
4.72% |
7.90% |
|
Return on Investment - 5 Yr Avg |
2.31% |
6.56% |
5.72% |
8.27% |
|
Return on Equity (TTM) |
10.44% |
17.58% |
18.99% |
19.72% |
|
Return on Equity - 5 Yr Avg |
12.72% |
18.57% |
23.87% |
20.06% |
|
|
|
|
|
|
|
Efficiency |
||||
|
Revenue/Employee (TTM) |
1,400,999.00 |
269,773.89 |
357,573.83 |
927,613.77 |
|
Net Income/Employee (TTM) |
22,550.07 |
22,562.70 |
23,741.62 |
116,121.92 |
|
Receivables Turnover (TTM) |
3.36 |
12.04 |
8.63 |
13.25 |
|
Inventory Turnover (TTM) |
7.65 |
6.42 |
8.11 |
14.53 |
|
Asset Turnover (TTM) |
0.58 |
1.06 |
1.00 |
0.93 |
Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock report
|
|
Stock Snapshot |
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.40 |
|
UK Pound |
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.24 |
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.