MIRA
INFORM REPORT
|
Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ONAMBA CO., LTD. |
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Registered Office : |
3-1-27, Fukae-kita, Higashinari-ku, Osaka-Shi, 537-0001 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
15.09.1941 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacture
and sale of electrical wires and wire harnesses |
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No. of Employees : |
4048 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A 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
Onamba Co., Ltd.
3-1-27, Fukae-kita, Higashinari-ku
Osaka-Shi, 537-0001
Japan
Tel: 81-6-69766101
Fax: 81-6-69766100
Web: www.onamba.co.jp
Synthesis
Employees: 4,048
Company Type: Public
Parent
Corporate Family: 10
Companies
Traded: Osaka
Stock Exchange: 5816
Incorporation Date:
15-Sep-1941
Auditor: Arata Auditing Firm
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 346.5
1
Net Income: 3.5
Total Assets:
273.1 2
Market Value: 50.6 (01-Mar-2013)
Business Description
Onamba Co., Ltd. is a Japan-based company engaged in the manufacture and sale of electrical wires and wire harnesses. Along with its subsidiaries, the Company primarily provides photovoltaic power generation wiring units, wire harnesses, electrical wires and cables, among others. The Company distributes its products within domestic market and to overseas markets, including Europe, North America and Asia. On April 11, 2012, the Company acquired 90% stake of UNION MACHINERY. For the nine months ended 31 December 2012, Onamba Co., Ltd. revenues increased 13% to Y24.07B. Net loss applicable to common stockholders totaled Y166.3M vs. income of Y321.5M. Revenues reflect Japan segment increase from Y3.64B to Y10.81B, Northern America segment increase of 56% to Y1.73B, Asia segment increase of 36% to Y2.02B. Net loss reflects Asia segment loss increase from Y6.5M to Y118.4M.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334419 - Other
Electronic Component Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
UK SIC 2007: 2611 - Manufacture
of electronic components
US SIC 1987: 3679 - Electronic
Components, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Seiji Endo |
President, Representative Director |
|
Tetsuo Ono |
Managing Director, Senior Director of Sales |
|
Koichi Nakamura |
Deputy Senior Director of Administration, Director |
|
Jun Ishida |
Senior Director of Technology & Production, Director |
|
Hideo Ishihama |
Executive Officer, General Manager of Subsidiary |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
26-Mar-2012 |
||
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2 |
Onamba Co
Ltd Lowers Financial Outlook and Dividend Forecast for FY 2013 |
23-Oct-2012 |
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|
1 |
Onamba Co
Ltd to Dissolve Subsidiary; Expects Extraordinary Loss for FY 2013 |
12-Mar-2013 |
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1 |
11-May-2012 |
||
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1 |
Onamba Co
Ltd Announces Dissolution of Subsidiary and Waiver of Debt |
13-Feb-2013 |
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* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Onamba Co
Ltd to Dissolve Subsidiary; Expects Extraordinary Loss for FY 2013UK
(56 Words) |
12-Mar-2013 |
|
Onamba Co
Ltd Announces Dissolution of Subsidiary and Waiver of Debt |
13-Feb-2013 |
|
Onamba 9Mos
Grp Net Loss Y166.00M Vs Y321.00M Pft Yr Earlier |
6-Feb-2013 |
|
Onamba Expects
This FY Group Net Loss Y200.00M |
6-Feb-2013 |
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Onamba 1H
Grp Net Loss Y303.00M Vs Y207.00M Pft Yr Earlier |
1-Nov-2012 |
|
Onamba
Expects This FY Group Net Loss Y200.00M |
1-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
3-1-27, Fukae-kita, Higashinari-ku
Osaka-Shi, 537-0001
Japan
Tel: 81-6-69766101
Fax: 81-6-69766100
Web: www.onamba.co.jp
Quote Symbol - Exchange
5816 - Osaka Stock
Exchange
Sales JPY(mil): 27,361.4
Assets JPY(mil): 22,500.9
Employees: 4,048
Fiscal Year End: 31-Mar-2012
Industry: Electronic
Instruments and Controls
Incorporation Date: 15-Sep-1941
Company Type: Public
Parent
Quoted Status: Quoted
President,
Representative Director:
Seiji Endo
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
2291 - Spring and Wire Product Manufacturing
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
NACE 2002 Codes:
3210 - Manufacture of electronic valves and tubes and other
electronic components
2734 - Wire drawing
2745 - Other non-ferrous metal production
NAICS 2002 Codes:
334419 - Other Electronic Component Manufacturing
331422 - Copper Wire (except Mechanical) Drawing
331491 - Nonferrous Metal (except Copper and Aluminum) Rolling,
Drawing, and Extruding
331222 - Steel Wire Drawing
US SIC 1987:
3679 - Electronic Components, Not Elsewhere Classified
3315 - Steel Wiredrawing and Steel Nails and Spikes
3356 - Rolling, Drawing, and Extruding of Nonferrous Metals,
Except Copper and Aluminum
3357 - Drawing and Insulating of Nonferrous Wire
UK SIC 2003:
3210 - Manufacture of electronic valves and tubes and other
electronic components
2734 - Wire drawing
2745 - Other non-ferrous metal production
UK SIC 2007:
2611 - Manufacture of electronic components
2445 - Other non-ferrous metal production
2434 - Cold drawing of wire
Business
Description
Onamba Co., Ltd. is
a Japan-based company engaged in the manufacture and sale of electrical wires
and wire harnesses. Along with its subsidiaries, the Company primarily provides
photovoltaic power generation wiring units, wire harnesses, electrical wires
and cables, among others. The Company distributes its products within domestic
market and to overseas markets, including Europe, North America and Asia. On
April 11, 2012, the Company acquired 90% stake of UNION MACHINERY. For the nine
months ended 31 December 2012, Onamba Co., Ltd. revenues increased 13% to
Y24.07B. Net loss applicable to common stockholders totaled Y166.3M vs. income
of Y321.5M. Revenues reflect Japan segment increase from Y3.64B to Y10.81B,
Northern America segment increase of 56% to Y1.73B, Asia segment increase of
36% to Y2.02B. Net loss reflects Asia segment loss increase from Y6.5M to
Y118.4M.
More Business
Descriptions
Manufacture of wire harnesses for video cassette recorders, television
and other domestic electric appliances
Communication and Energy Wire and Cable Manufacturing
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Executive report
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Board of
Directors |
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President, Representative Director |
Director/Board Member |
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Senior Director of Technology & Production, Director |
Director/Board Member |
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Deputy Senior Director of Administration, Director |
Director/Board Member |
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Managing Director, Senior Director of Sales |
Director/Board Member |
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Managing Director, Senior Director of Administration |
Director/Board Member |
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Executives |
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President, Representative Director |
President |
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Senior Executive Officer, Chairman and General Manager of Subsidiaries |
Division Head Executive |
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Managing Director, Senior Director of Sales |
Managing Director |
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Managing Director, Senior Director of Administration |
Managing Director |
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Deputy Senior Director of Administration, Director |
Administration Executive |
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Senior Director of Technology & Production, Director |
Engineering/Technical Executive |
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Executive Officer, General Manager of Subsidiary |
Other |
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Executive Officer |
Other |
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Executive Officer |
Other |
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Executive Officer |
Other |
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Significant Developments
Onamba Co Ltd to Dissolve Subsidiary; Expects Extraordinary Loss for FY
2013 Mar 12, 2013
Onamba Co Ltd announced that it has decided to dissolve a wholly owned subsidiary, ONAMBA (THAILAND) CO.,LTD., which is engaged in processing and sales of electric cables, effective September 2013. Due to this development, the Company is expecting an extraordinary loss of approximately JPY 300 million, for the fiscal year ending March 31, 2013.
Onamba Co Ltd Announces Dissolution of Subsidiary and Waiver of Debt Feb 13, 2013
Onamba Co Ltd announced that its wholly owned subsidiary, which is engaged in processing of cable, will be dissolved in May 2013. Due to this development, the Company has decided to waive the obligations to the subsidiary of JPY 367 million, in March 2013.
Onamba Co Ltd Lowers Financial Outlook and Dividend Forecast for FY 2013 Oct 23, 2012
Onamba Co Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 16,000 million to JPY 15,700 million, operating profit from JPY 250 million to JPY 140 million, ordinary profit from JPY 150 million to a loss of JPY 120 million, net profit from JPY 50 million to a loss of JPY 320 million and earning per share from JPY 3.99 to a loss of JPY 25.52, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 33,500 million to JPY 32,500 million, operating profit from JPY 900 million to JPY 600 million, ordinary profit from JPY 800 million to JPY 300 million, net profit from JPY 450 million to a loss of JPY 200 million and earning per share from JPY 35.89 to a loss of JPY 15.95, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased orders, the lower selling price, the record of exchange loss as well as the record of revaluation loss of investment securities, among others. The Company has also lowered its mid-term dividend forecast from JPY 5.00 per share to JPY 2.50 per share and its year-end dividend forecast from JPY 5.00 per share to JPY 2.50 per share, for the fiscal year ending March 2013.
Onamba Co., Ltd. Announces Officer Changes May 11, 2012
Onamba Co., Ltd. announced that Masataka Koyama will resign from the
position of Chairman of the Board in the Company, effective June 28, 2012.
Onamba Co., Ltd. Lowers Consolidated Full-year Outlook for FY 2012 Apr 24, 2012
Onamba Co., Ltd. announced that it has lowered the consolidated full-year outlook for revenue from JPY 28,500 million to JPY 27,350 million, operating profit from JPY 800 million to JPY 690 million, ordinary profit from JPY 850 million to JPY 770 million, net profit from JPY 450 million to JPY 260 million and earning per share from JPY 35.89 to JPY 20.74 for the fiscal year ended March 31, 2012. The negative outlook is mainly due to less-than-expected sales of flat-screen television and record of deferred tax asset.
Onamba Co., Ltd. to Acquire UNION MACHINERY Mar 26, 2012
Onamba Co., Ltd. announced that it has decided to acquire 120,040 shares (a 90% stake) of UNION MACHINERY, which is a Kanakawa-based company engaged in manufacturing and sales of mechanic parts and machineries, effective April 11, 2012.
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 |
Updated 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 |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
346.5 |
383.9 |
275.3 |
303.5 |
269.3 |
|
Revenue |
346.5 |
383.9 |
275.3 |
303.5 |
269.3 |
|
Total Revenue |
346.5 |
383.9 |
275.3 |
303.5 |
269.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
280.3 |
300.9 |
213.3 |
241.3 |
209.7 |
|
Cost of Revenue, Total |
280.3 |
300.9 |
213.3 |
241.3 |
209.7 |
|
Gross Profit |
66.2 |
83.0 |
62.0 |
62.2 |
59.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
28.8 |
32.8 |
27.1 |
30.2 |
24.7 |
|
Labor & Related Expense |
22.8 |
22.2 |
20.2 |
23.1 |
21.1 |
|
Total Selling/General/Administrative Expenses |
51.7 |
55.0 |
47.3 |
53.3 |
45.8 |
|
Research & Development |
4.5 |
3.8 |
2.7 |
2.1 |
1.7 |
|
Depreciation |
1.1 |
0.8 |
0.8 |
0.8 |
0.7 |
|
Depreciation/Amortization |
1.1 |
0.8 |
0.8 |
0.8 |
0.7 |
|
Restructuring Charge |
0.3 |
0.9 |
0.2 |
1.2 |
0.0 |
|
Impairment-Assets Held for Use |
- |
0.0 |
0.1 |
2.9 |
0.0 |
|
Impairment-Assets Held for Sale |
1.0 |
0.0 |
0.4 |
2.2 |
0.0 |
|
Other Unusual Expense (Income) |
0.1 |
-3.5 |
-0.3 |
-0.1 |
-0.3 |
|
Unusual Expense (Income) |
1.4 |
-2.6 |
0.3 |
6.3 |
-0.3 |
|
Total Operating Expense |
339.0 |
357.9 |
264.4 |
303.7 |
257.5 |
|
|
|
|
|
|
|
|
Operating Income |
7.6 |
26.0 |
10.9 |
-0.2 |
11.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.2 |
-0.9 |
-1.1 |
-1.1 |
-0.9 |
|
Interest Expense, Net Non-Operating |
-1.2 |
-0.9 |
-1.1 |
-1.1 |
-0.9 |
|
Interest Income -
Non-Operating |
0.2 |
0.2 |
0.2 |
0.3 |
0.4 |
|
Investment Income -
Non-Operating |
0.7 |
-0.9 |
1.2 |
-4.6 |
-0.2 |
|
Interest/Investment Income - Non-Operating |
0.8 |
-0.8 |
1.4 |
-4.2 |
0.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
-1.7 |
0.3 |
-5.3 |
-0.7 |
|
Gain (Loss) on Sale of Assets |
1.0 |
0.0 |
0.3 |
-0.8 |
0.7 |
|
Other Non-Operating Income (Expense) |
0.8 |
0.6 |
1.1 |
0.0 |
0.0 |
|
Other, Net |
0.8 |
0.6 |
1.1 |
0.0 |
0.0 |
|
Income Before Tax |
9.1 |
24.9 |
12.6 |
-6.4 |
11.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.7 |
3.7 |
3.4 |
0.0 |
5.3 |
|
Income After Tax |
4.4 |
21.2 |
9.2 |
-6.4 |
6.4 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.9 |
-1.3 |
-1.1 |
-0.8 |
-1.1 |
|
Net Income Before Extraord Items |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
Net Income |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Available to Common Excl Extraord Items |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Basic EPS Excl Extraord Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.43 |
|
Basic/Primary EPS Incl Extraord Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.43 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
Diluted Weighted Average Shares |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Diluted EPS Excl Extraord Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.42 |
|
Diluted EPS Incl Extraord Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.42 |
|
Dividends per Share - Common Stock Primary Issue |
0.13 |
0.12 |
0.05 |
0.10 |
0.10 |
|
Gross Dividends - Common Stock |
1.6 |
1.5 |
0.7 |
1.2 |
1.3 |
|
Interest Expense, Supplemental |
1.2 |
0.9 |
1.1 |
1.1 |
0.9 |
|
Depreciation, Supplemental |
7.5 |
6.9 |
6.5 |
6.0 |
4.8 |
|
Total Special Items |
0.4 |
-2.6 |
0.0 |
7.1 |
-0.9 |
|
Normalized Income Before Tax |
9.5 |
22.3 |
12.6 |
0.7 |
10.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.2 |
-0.4 |
0.0 |
2.5 |
-0.4 |
|
Inc Tax Ex Impact of Sp Items |
4.9 |
3.3 |
3.4 |
2.5 |
4.9 |
|
Normalized Income After Tax |
4.6 |
19.0 |
9.2 |
-1.8 |
5.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.7 |
17.7 |
8.0 |
-2.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
1.41 |
0.64 |
-0.21 |
0.38 |
|
Diluted Normalized EPS |
0.30 |
1.41 |
0.64 |
-0.21 |
0.38 |
|
Research & Development Exp, Supplemental |
4.5 |
3.8 |
2.7 |
2.1 |
1.7 |
|
Reported Operating Profit |
9.0 |
23.4 |
11.2 |
6.0 |
11.5 |
|
Reported Ordinary Profit |
10.0 |
22.8 |
12.9 |
1.3 |
11.5 |
|
Normalized EBIT |
9.0 |
23.4 |
11.3 |
6.0 |
11.5 |
|
Normalized EBITDA |
16.5 |
30.3 |
17.8 |
12.0 |
16.3 |
|
Current Tax - Total |
3.5 |
- |
- |
- |
- |
|
Current Tax - Total |
3.5 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.2 |
- |
- |
- |
- |
|
Income Tax - Total |
4.7 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Service Cost - Domestic |
0.7 |
0.6 |
1.0 |
0.6 |
0.5 |
|
Prior Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Expected Return on Assets - Domestic |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.1 |
0.2 |
0.2 |
0.1 |
0.0 |
|
Transition Costs - Domestic |
- |
0.0 |
0.1 |
0.1 |
0.1 |
|
Domestic Pension Plan Expense |
0.8 |
0.8 |
1.4 |
0.8 |
0.6 |
|
Total Pension Expense |
0.8 |
0.8 |
1.4 |
0.8 |
0.6 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Plan Service Cost |
0.7 |
0.6 |
1.0 |
0.6 |
0.5 |
|
Total Plan Expected Return |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
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 |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
63.7 |
51.6 |
57.8 |
51.5 |
48.4 |
|
Cash and Short Term Investments |
63.7 |
51.6 |
57.8 |
51.5 |
48.4 |
|
Accounts Receivable - Trade,
Gross |
86.0 |
108.3 |
77.0 |
59.9 |
81.4 |
|
Provision for Doubtful
Accounts |
-0.2 |
-0.3 |
0.0 |
-0.1 |
-0.1 |
|
Trade Accounts Receivable - Net |
85.8 |
108.0 |
77.0 |
59.9 |
81.3 |
|
Notes Receivable - Short Term |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Receivables, Net |
85.8 |
108.0 |
77.0 |
59.9 |
81.3 |
|
Inventories - Finished Goods |
18.5 |
18.6 |
13.1 |
15.3 |
16.4 |
|
Inventories - Work In Progress |
6.1 |
5.7 |
4.2 |
4.0 |
6.4 |
|
Inventories - Raw Materials |
26.7 |
34.0 |
31.3 |
24.9 |
30.4 |
|
Total Inventory |
51.3 |
58.4 |
48.6 |
44.1 |
53.1 |
|
Prepaid Expenses |
1.7 |
1.1 |
0.9 |
1.0 |
1.1 |
|
Deferred Income Tax - Current Asset |
2.5 |
3.4 |
2.0 |
1.6 |
2.1 |
|
Other Current Assets |
3.0 |
5.0 |
4.1 |
4.4 |
5.5 |
|
Other Current Assets, Total |
5.5 |
8.4 |
6.1 |
6.1 |
7.6 |
|
Total Current Assets |
208.0 |
227.5 |
190.4 |
162.6 |
191.5 |
|
|
|
|
|
|
|
|
Buildings |
34.1 |
42.1 |
39.0 |
41.1 |
43.6 |
|
Land/Improvements |
11.0 |
14.1 |
12.6 |
12.5 |
13.3 |
|
Machinery/Equipment |
52.8 |
50.9 |
47.7 |
48.9 |
55.6 |
|
Construction in
Progress |
0.0 |
0.1 |
0.3 |
0.2 |
0.9 |
|
Other
Property/Plant/Equipment |
12.5 |
13.1 |
12.9 |
10.8 |
11.8 |
|
Property/Plant/Equipment - Gross |
110.4 |
120.3 |
112.5 |
113.5 |
125.2 |
|
Accumulated Depreciation |
-68.2 |
-76.5 |
-71.4 |
-72.1 |
-76.0 |
|
Property/Plant/Equipment - Net |
42.2 |
43.9 |
41.2 |
41.4 |
49.1 |
|
Intangibles, Net |
3.9 |
2.5 |
1.4 |
1.4 |
0.5 |
|
LT Investment - Affiliate Companies |
1.0 |
0.9 |
- |
- |
- |
|
LT Investments - Other |
12.6 |
11.8 |
10.7 |
7.1 |
10.3 |
|
Long Term Investments |
13.6 |
12.7 |
10.7 |
7.1 |
10.3 |
|
Note Receivable - Long Term |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax - Long Term Asset |
1.8 |
2.1 |
2.3 |
3.2 |
0.7 |
|
Other Long Term Assets |
3.6 |
3.4 |
3.1 |
3.2 |
2.7 |
|
Other Long Term Assets, Total |
5.4 |
5.5 |
5.4 |
6.4 |
3.4 |
|
Total Assets |
273.1 |
292.1 |
249.2 |
218.8 |
254.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
53.6 |
70.2 |
57.6 |
37.6 |
58.3 |
|
Accrued Expenses |
4.9 |
6.1 |
4.7 |
4.3 |
3.8 |
|
Notes Payable/Short Term Debt |
31.6 |
17.7 |
17.8 |
22.5 |
16.3 |
|
Current Portion - Long Term Debt/Capital Leases |
5.1 |
6.8 |
8.8 |
6.3 |
13.2 |
|
Income Taxes Payable |
1.3 |
1.9 |
1.3 |
0.8 |
2.7 |
|
Other Payables |
5.3 |
5.9 |
3.7 |
3.8 |
6.6 |
|
Deferred Income Tax - Current Liability |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
1.1 |
0.8 |
0.6 |
0.8 |
1.4 |
|
Other Current liabilities, Total |
7.7 |
8.6 |
5.6 |
5.4 |
10.7 |
|
Total Current Liabilities |
102.8 |
109.4 |
94.5 |
76.1 |
102.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
26.4 |
40.6 |
30.0 |
34.8 |
20.8 |
|
Capital Lease Obligations |
0.2 |
0.7 |
1.0 |
0.3 |
0.0 |
|
Total Long Term Debt |
26.6 |
41.3 |
31.0 |
35.1 |
20.8 |
|
Total Debt |
63.3 |
65.8 |
57.6 |
64.0 |
50.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.1 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Deferred Income Tax |
0.1 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Minority Interest |
3.8 |
3.9 |
12.9 |
11.4 |
12.7 |
|
Reserves |
0.2 |
0.2 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
2.5 |
2.5 |
2.2 |
2.2 |
4.7 |
|
Other Long Term Liabilities |
3.3 |
1.0 |
0.9 |
0.7 |
0.6 |
|
Other Liabilities, Total |
6.0 |
3.7 |
3.1 |
2.9 |
5.3 |
|
Total Liabilities |
139.3 |
158.4 |
141.6 |
125.6 |
141.2 |
|
|
|
|
|
|
|
|
Common Stock |
28.2 |
28.0 |
24.9 |
23.5 |
23.3 |
|
Common Stock |
28.2 |
28.0 |
24.9 |
23.5 |
23.3 |
|
Additional Paid-In Capital |
24.8 |
24.6 |
21.8 |
20.6 |
20.4 |
|
Retained Earnings (Accumulated Deficit) |
101.4 |
98.9 |
70.6 |
60.1 |
68.4 |
|
Treasury Stock - Common |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Unrealized Gain (Loss) |
0.4 |
-0.2 |
0.1 |
-0.5 |
0.3 |
|
Translation Adjustment |
-20.9 |
-17.7 |
-9.8 |
-10.4 |
1.4 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-20.9 |
-17.7 |
-9.8 |
-10.4 |
1.4 |
|
Total Equity |
133.8 |
133.7 |
107.6 |
93.2 |
113.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
273.1 |
292.1 |
249.2 |
218.8 |
254.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Total Common Shares Outstanding |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
4,048 |
5,236 |
4,931 |
5,526 |
6,022 |
|
Number of Common Shareholders |
3,939 |
2,849 |
2,632 |
3,410 |
1,863 |
|
Total Long Term Debt, Supplemental |
49.0 |
47.0 |
38.5 |
41.0 |
34.0 |
|
Long Term Debt Maturing within 1 Year |
22.6 |
6.4 |
8.4 |
6.2 |
13.2 |
|
Long Term Debt Maturing in Year 2 |
17.9 |
20.0 |
3.6 |
8.2 |
3.7 |
|
Long Term Debt Maturing in Year 3 |
2.4 |
15.3 |
15.7 |
3.4 |
5.6 |
|
Long Term Debt Maturing in Year 4 |
5.6 |
0.3 |
10.8 |
13.3 |
3.3 |
|
Long Term Debt Maturing in Year 5 |
0.4 |
4.9 |
0.0 |
10.0 |
8.1 |
|
Long Term Debt Maturing in 2-3 Years |
20.3 |
35.4 |
19.3 |
11.5 |
9.3 |
|
Long Term Debt Maturing in 4-5 Years |
6.0 |
5.2 |
10.8 |
23.3 |
11.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.4 |
1.1 |
1.3 |
0.4 |
- |
|
Capital Lease Payments Due in Year 1 |
0.2 |
0.4 |
0.4 |
0.1 |
- |
|
Capital Lease Payments Due in Year 2 |
0.2 |
0.4 |
0.4 |
0.1 |
- |
|
Capital Lease Payments Due in Year 3 |
0.1 |
0.2 |
0.4 |
0.1 |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.1 |
0.1 |
0.1 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
0.0 |
0.0 |
0.1 |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.2 |
0.6 |
0.8 |
0.1 |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.1 |
0.2 |
0.1 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Pension Obligation - Domestic |
7.7 |
7.8 |
6.7 |
7.2 |
7.4 |
|
Plan Assets - Domestic |
5.0 |
4.9 |
4.3 |
3.5 |
4.5 |
|
Funded Status - Domestic |
-2.7 |
-2.9 |
-2.4 |
-3.7 |
-2.8 |
|
Total Funded Status |
-2.7 |
-2.9 |
-2.4 |
-3.7 |
-2.8 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Prepaid Benefits - Domestic |
1.2 |
0.8 |
0.5 |
0.2 |
0.0 |
|
Accrued Liabilities - Domestic |
-2.5 |
-1.7 |
-1.7 |
-2.0 |
-2.3 |
|
Other Assets, Net - Domestic |
1.4 |
1.3 |
0.7 |
1.7 |
0.6 |
|
Net Assets Recognized on Balance Sheet |
0.1 |
0.4 |
-0.5 |
0.0 |
-1.7 |
|
Total Plan Obligations |
7.7 |
7.8 |
6.7 |
7.2 |
7.4 |
|
Total Plan Assets |
5.0 |
4.9 |
4.3 |
3.5 |
4.5 |
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 |
Updated 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 |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
9.1 |
24.9 |
12.6 |
-6.4 |
11.7 |
|
Depreciation |
7.5 |
6.9 |
6.5 |
6.0 |
4.8 |
|
Depreciation/Depletion |
7.5 |
6.9 |
6.5 |
6.0 |
4.8 |
|
Unusual Items |
0.9 |
-2.6 |
0.3 |
5.1 |
0.0 |
|
Equity in Net Earnings (Loss) |
-0.1 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Other Non-Cash Items |
0.8 |
1.0 |
0.6 |
-2.0 |
0.3 |
|
Non-Cash Items |
1.5 |
-1.5 |
0.9 |
3.0 |
0.2 |
|
Accounts Receivable |
22.8 |
-25.3 |
-13.3 |
15.1 |
-3.1 |
|
Inventories |
6.7 |
-7.6 |
-1.5 |
1.9 |
-2.8 |
|
Accounts Payable |
-16.9 |
10.3 |
17.3 |
-12.6 |
4.5 |
|
Accrued Expenses |
0.0 |
0.5 |
0.0 |
0.1 |
-0.1 |
|
Other Operating Cash Flow |
-1.5 |
-2.8 |
-2.8 |
-3.6 |
-5.0 |
|
Changes in Working Capital |
11.0 |
-24.9 |
-0.3 |
0.9 |
-6.5 |
|
Cash from Operating Activities |
29.1 |
5.3 |
19.7 |
3.5 |
10.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-10.5 |
-8.3 |
-4.9 |
-7.5 |
-5.0 |
|
Capital Expenditures |
-10.5 |
-8.3 |
-4.9 |
-7.5 |
-5.0 |
|
Sale of Fixed Assets |
4.1 |
0.4 |
3.5 |
0.4 |
0.3 |
|
Sale/Maturity of Investment |
5.1 |
3.5 |
3.2 |
1.0 |
0.0 |
|
Purchase of Investments |
-6.0 |
-9.8 |
-5.4 |
-1.5 |
-0.2 |
|
Other Investing Cash Flow |
-2.9 |
-1.6 |
-1.2 |
-1.6 |
-0.9 |
|
Other Investing Cash Flow Items, Total |
0.2 |
-7.5 |
0.0 |
-1.7 |
-0.7 |
|
Cash from Investing Activities |
-10.3 |
-15.8 |
-4.9 |
-9.2 |
-5.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.4 |
-0.7 |
-0.7 |
-0.6 |
-3.1 |
|
Financing Cash Flow Items |
-1.4 |
-0.7 |
-0.7 |
-0.6 |
-3.1 |
|
Cash Dividends Paid - Common |
-1.6 |
-1.2 |
-0.8 |
-1.5 |
-2.0 |
|
Total Cash Dividends Paid |
-1.6 |
-1.2 |
-0.8 |
-1.5 |
-2.0 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Repurchase/Retirement
of Common |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Short Term Debt, Net |
-3.9 |
-1.7 |
-6.3 |
8.1 |
-3.0 |
|
Long Term Debt Issued |
9.0 |
13.5 |
2.5 |
20.7 |
13.1 |
|
Long Term Debt
Reduction |
-7.1 |
-9.6 |
-6.9 |
-13.4 |
-7.6 |
|
Long Term Debt, Net |
1.9 |
3.9 |
-4.4 |
7.2 |
5.6 |
|
Issuance (Retirement) of Debt, Net |
-2.0 |
2.2 |
-10.7 |
15.3 |
2.6 |
|
Cash from Financing Activities |
-5.0 |
0.4 |
-12.0 |
13.3 |
-2.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.5 |
-3.1 |
0.5 |
-4.8 |
0.1 |
|
Net Change in Cash |
12.4 |
-13.2 |
3.3 |
2.7 |
2.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
51.3 |
60.4 |
52.4 |
45.7 |
38.1 |
|
Net Cash - Ending Balance |
63.7 |
47.3 |
55.7 |
48.5 |
40.2 |
|
Cash Interest Paid |
1.1 |
0.9 |
1.1 |
1.2 |
1.0 |
|
Cash Taxes Paid |
4.9 |
3.5 |
0.5 |
5.6 |
7.3 |
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 |
Updated 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 |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
346.5 |
383.9 |
275.3 |
303.5 |
269.3 |
|
Total Revenue |
346.5 |
383.9 |
275.3 |
303.5 |
269.3 |
|
|
|
|
|
|
|
|
Total |
280.3 |
300.9 |
213.3 |
241.3 |
209.7 |
|
Other Selling/General/Admin. Expense |
0.0 |
- |
- |
- |
- |
|
Other Other SGA |
18.6 |
- |
- |
- |
- |
|
Shipping Expenses |
10.1 |
12.7 |
8.5 |
9.8 |
8.0 |
|
Allow Doubt Acc. |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Directors'' compensations |
3.1 |
3.3 |
2.2 |
2.2 |
2.3 |
|
Salary & Bonus |
17.3 |
17.3 |
16.6 |
19.9 |
17.5 |
|
Allow for Bonus |
1.5 |
1.0 |
0.5 |
0.5 |
0.6 |
|
Accrued Retire Bnft. |
0.9 |
0.5 |
0.8 |
0.4 |
0.3 |
|
Allow Director Retirement Bnft. |
- |
- |
0.0 |
0.1 |
0.3 |
|
Business Tax |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Depreciation |
1.1 |
0.8 |
0.8 |
0.8 |
0.7 |
|
Research and Development Expense(in SGA) |
4.5 |
- |
- |
- |
- |
|
R&D expenses |
- |
3.8 |
2.7 |
2.1 |
1.7 |
|
Other SGA |
- |
19.7 |
18.5 |
20.3 |
16.7 |
|
Loss On Valuation Of Investment Securiti |
1.0 |
- |
- |
- |
- |
|
Compensation For Transfer |
-1.0 |
- |
- |
- |
- |
|
Factory Transfer Expenses |
0.9 |
- |
- |
- |
- |
|
SP Reversal Gain on Allow.Doubt.Account |
- |
0.0 |
0.0 |
0.0 |
-0.1 |
|
SP G on reversal of directors' retire. |
- |
- |
0.0 |
-0.1 |
0.0 |
|
SP Relocation Compensations |
- |
- |
- |
0.0 |
-0.5 |
|
SP Compensation for transfer |
- |
0.0 |
- |
- |
- |
|
SP Gain on negative goodwill |
0.0 |
-4.0 |
0.0 |
- |
- |
|
SP Refund of tariff for prior periods |
- |
0.0 |
-0.4 |
0.0 |
- |
|
SP Other Special Gain |
0.0 |
0.0 |
0.0 |
- |
- |
|
SP Impairment Loss |
- |
0.0 |
0.1 |
2.9 |
0.0 |
|
SP Loss on Val. of LT Inv't. Secs. |
- |
0.0 |
0.0 |
2.2 |
0.0 |
|
SP Factory Closure Loss |
- |
- |
- |
0.0 |
0.3 |
|
SP Factory transfer expenses |
- |
0.0 |
- |
- |
- |
|
SP Factory restructuring exp. |
- |
0.0 |
0.2 |
1.2 |
0.0 |
|
Expenses of production structure improve |
0.3 |
0.9 |
0.0 |
- |
- |
|
SP L on adjustment for changes of accoun |
0.0 |
0.3 |
0.0 |
- |
- |
|
SP Loss on valuation of affiliates' stk. |
- |
0.0 |
0.4 |
0.0 |
- |
|
SP Other special loss |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Total Operating Expense |
339.0 |
357.9 |
264.4 |
303.7 |
257.5 |
|
|
|
|
|
|
|
|
NOP Interest Income |
0.2 |
0.2 |
0.2 |
0.3 |
0.4 |
|
NOP Dividends Received |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
NOP Foreign Exchange Gains |
0.3 |
0.0 |
1.0 |
0.0 |
0.0 |
|
NOP Equity Earnings |
0.1 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
Compensation income |
0.5 |
- |
- |
- |
- |
|
NOP Facility Rental Inc. |
0.2 |
0.1 |
0.2 |
0.2 |
0.1 |
|
NOP Gain Sale Scrap |
0.5 |
0.6 |
0.4 |
0.6 |
0.7 |
|
NOP Insurance benefits |
- |
- |
0.0 |
0.0 |
0.3 |
|
NOP Subsidy received |
- |
0.0 |
0.5 |
0.0 |
- |
|
NOP Other Non-Operating Income |
0.6 |
1.0 |
0.9 |
0.4 |
0.6 |
|
NOP Interest Expenses |
-1.2 |
-0.9 |
-1.1 |
-1.1 |
-0.9 |
|
NOP Foreign Exchange Losses |
0.0 |
-1.2 |
0.0 |
-5.0 |
-0.8 |
|
NOP Equity Loss |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
NOP Other Non-Operating Expenses |
-0.4 |
-0.6 |
-0.5 |
-0.6 |
-0.7 |
|
SP Gain on Sale of Fixed Assets |
0.7 |
0.1 |
0.5 |
0.1 |
0.0 |
|
SP Gain/Sale/Inv.Secs. |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
SP Gains on equity changes |
- |
- |
- |
0.0 |
0.0 |
|
SP Loss Disp. Fix. Asset |
-0.2 |
-0.7 |
-0.3 |
-0.2 |
-0.1 |
|
SP Loss Liquid. Affiliates |
- |
0.0 |
-0.2 |
-1.3 |
0.0 |
|
Net Income Before Taxes |
9.1 |
24.9 |
12.6 |
-6.4 |
11.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.7 |
3.7 |
3.4 |
0.0 |
5.3 |
|
Net Income After Taxes |
4.4 |
21.2 |
9.2 |
-6.4 |
6.4 |
|
|
|
|
|
|
|
|
Minority interests in income |
-0.9 |
-1.3 |
-1.1 |
-0.8 |
-1.1 |
|
Net Income Before Extra. Items |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
Net Income |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors' Bonus |
- |
- |
- |
0.0 |
0.0 |
|
Income Available to Com Excl ExtraOrd |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.43 |
|
Basic EPS Including ExtraOrdinary Item |
0.28 |
1.59 |
0.64 |
-0.58 |
0.43 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
3.5 |
19.9 |
8.0 |
-7.2 |
5.3 |
|
Diluted Weighted Average Shares |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.42 |
|
Diluted EPS Including ExtraOrd Items |
0.28 |
1.59 |
0.64 |
-0.58 |
0.42 |
|
DPS-Common Stock |
0.13 |
0.12 |
0.05 |
0.10 |
0.10 |
|
Gross Dividends - Common Stock |
1.6 |
1.5 |
0.7 |
1.2 |
1.3 |
|
Normalized Income Before Taxes |
9.5 |
22.3 |
12.6 |
0.7 |
10.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.9 |
3.3 |
3.4 |
2.5 |
4.9 |
|
Normalized Income After Taxes |
4.6 |
19.0 |
9.2 |
-1.8 |
5.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.7 |
17.7 |
8.0 |
-2.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.30 |
1.41 |
0.64 |
-0.21 |
0.38 |
|
Diluted Normalized EPS |
0.30 |
1.41 |
0.64 |
-0.21 |
0.38 |
|
Interest Expense |
1.2 |
0.9 |
1.1 |
1.1 |
0.9 |
|
Depreciation |
7.5 |
- |
- |
- |
- |
|
Depreciation |
- |
6.9 |
6.5 |
6.0 |
4.8 |
|
Research and Development Expense(in SGA) |
4.5 |
- |
- |
- |
- |
|
R & D Expenses |
- |
3.8 |
2.7 |
2.1 |
1.7 |
|
Income taxes-current |
3.5 |
- |
- |
- |
- |
|
Current Tax - Total |
3.5 |
- |
- |
- |
- |
|
Income taxes-deferred |
1.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.2 |
- |
- |
- |
- |
|
Income Tax - Total |
4.7 |
- |
- |
- |
- |
|
Reported operating profit |
9.0 |
23.4 |
11.2 |
6.0 |
11.5 |
|
Reported ordinary profit |
10.0 |
22.8 |
12.9 |
1.3 |
11.5 |
|
Service Cost |
0.7 |
0.6 |
1.0 |
0.6 |
0.5 |
|
Interest Cost |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Expected Return on Plan Assets(assets) |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Expected Return on Plan Assets(trust) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Pension Exp. due to Acct. Changes |
- |
0.0 |
0.1 |
0.1 |
0.1 |
|
Actuarial Gains and Losses |
0.1 |
0.2 |
0.2 |
0.1 |
0.0 |
|
Amort. of Prior Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Domestic Pension Plan Expense |
0.8 |
0.8 |
1.4 |
0.8 |
0.6 |
|
Total Pension Expense |
0.8 |
0.8 |
1.4 |
0.8 |
0.6 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
- |
- |
- |
- |
|
Discount Rate |
- |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
2.00% |
- |
- |
- |
- |
|
Expected return on assets(MIN)-Retiremen |
0.50% |
- |
- |
- |
- |
|
Expected Rate of Return (Plan Assets) |
- |
2.00% |
2.00% |
1.75% |
1.75% |
|
Expected Rate of Return (Trust) |
- |
0.50% |
0.50% |
0.50% |
0.50% |
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 |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
82.385362 |
82.88 |
93.44 |
98.77 |
99.535 |
|
Auditor |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposit |
63.7 |
51.6 |
57.8 |
51.5 |
48.4 |
|
Notes and accounts receivable-trade |
86.0 |
108.3 |
77.0 |
59.9 |
81.4 |
|
Merchandise & finished goods |
18.5 |
18.6 |
13.1 |
15.3 |
16.4 |
|
Work-in-progress |
6.1 |
5.7 |
4.2 |
4.0 |
6.4 |
|
Raw material & supplies |
26.7 |
34.0 |
31.3 |
24.9 |
30.4 |
|
Prepaid Expenses |
1.7 |
1.1 |
0.9 |
1.0 |
1.1 |
|
Deferred Income Taxes (Current) |
2.5 |
3.4 |
2.0 |
1.6 |
2.1 |
|
Short-term loans receivable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Cur. Asset |
3.0 |
5.0 |
4.1 |
4.4 |
5.5 |
|
Allow.Doubt.Accounts (Current) |
-0.2 |
-0.3 |
0.0 |
-0.1 |
-0.1 |
|
Total Current Assets |
208.0 |
227.5 |
190.4 |
162.6 |
191.5 |
|
|
|
|
|
|
|
|
Buildings & Structures, Gross |
34.1 |
42.1 |
39.0 |
41.1 |
43.6 |
|
Accumulated depreciation and impairment |
-20.2 |
-30.7 |
-28.1 |
-28.5 |
-27.1 |
|
Machinery, equipment and vehicles |
52.8 |
50.9 |
47.7 |
48.9 |
55.6 |
|
Accumulated depreciation and impairment |
-38.1 |
-36.3 |
-34.4 |
-35.7 |
-40.3 |
|
Land |
11.0 |
14.1 |
12.6 |
12.5 |
13.3 |
|
Construction In Progress |
0.0 |
0.1 |
0.3 |
0.2 |
0.9 |
|
Other, Prop., Plants, & Equip., Gross |
12.5 |
13.1 |
12.9 |
10.8 |
11.8 |
|
Accumulated depreciation and impairment |
-9.9 |
-9.4 |
-8.8 |
-7.9 |
-8.6 |
|
Total intangible assets |
3.9 |
2.5 |
1.4 |
1.4 |
0.5 |
|
Long-Term Investment in Securities |
12.6 |
11.8 |
10.7 |
7.1 |
10.3 |
|
Long-term loans receivable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
3.7 |
- |
- |
- |
- |
|
Other Assets |
- |
3.5 |
3.1 |
3.2 |
2.7 |
|
Invt Secs Noncons, Asc, Affd Cos |
0.1 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
0.9 |
- |
- |
- |
- |
|
Inv't partnership-nonconsol.affil.-other |
- |
0.9 |
- |
- |
- |
|
Deferred tax assets |
1.8 |
2.1 |
2.3 |
3.2 |
0.7 |
|
Allowance for doubtful accounts |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Translate Adjust |
- |
- |
0.0 |
- |
- |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Total Assets |
273.1 |
292.1 |
249.2 |
218.8 |
254.9 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
53.6 |
70.2 |
57.6 |
37.6 |
58.3 |
|
Short-term loans payable |
31.6 |
17.7 |
17.8 |
22.5 |
16.3 |
|
Current Portion Of Bonds |
4.9 |
- |
- |
- |
- |
|
LT-Debt (current) |
- |
6.4 |
8.4 |
6.2 |
6.2 |
|
Straight Bonds (Current) |
- |
0.0 |
- |
0.0 |
7.0 |
|
Current Lease Obligation |
0.2 |
0.4 |
0.4 |
0.1 |
0.0 |
|
Accounts payable-other |
5.3 |
5.9 |
3.7 |
3.8 |
6.6 |
|
Accrued Expenses |
2.8 |
3.8 |
3.2 |
3.1 |
2.3 |
|
Income Taxes Payable |
1.3 |
1.9 |
1.3 |
0.8 |
2.7 |
|
Deferred Taxes |
- |
- |
- |
- |
0.0 |
|
Allow for Bonus |
1.8 |
1.9 |
1.2 |
1.2 |
1.1 |
|
Provision for directors'' bonuses |
0.2 |
0.5 |
0.2 |
0.0 |
0.3 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Other Long-Term Liabilities |
1.1 |
0.8 |
0.6 |
0.8 |
1.4 |
|
Total Current Liabilities |
102.8 |
109.4 |
94.5 |
76.1 |
102.2 |
|
|
|
|
|
|
|
|
Straight Bonds |
0.0 |
4.8 |
4.3 |
4.0 |
4.0 |
|
Long-term loans payable |
26.4 |
35.8 |
25.7 |
30.8 |
16.7 |
|
Lease |
0.2 |
0.7 |
1.0 |
0.3 |
0.0 |
|
Total Long Term Debt |
26.6 |
41.3 |
31.0 |
35.1 |
20.8 |
|
|
|
|
|
|
|
|
Deferred Tax Liabilities (Non-Current) |
0.1 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Asset retirement obligations |
0.2 |
0.2 |
0.0 |
- |
- |
|
Reserve for Retirement Benefit(accrued) |
2.5 |
2.5 |
2.2 |
2.2 |
2.3 |
|
Reserve for Officers' Retirement |
- |
- |
- |
0.0 |
2.4 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Other Long-Term Liabilities |
3.3 |
1.0 |
0.9 |
0.7 |
0.6 |
|
Minority Interests |
3.8 |
3.9 |
12.9 |
11.4 |
12.7 |
|
Total Liabilities |
139.3 |
158.4 |
141.6 |
125.6 |
141.2 |
|
|
|
|
|
|
|
|
Rounding adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
28.2 |
28.0 |
24.9 |
23.5 |
23.3 |
|
Total capital surpluses |
24.8 |
24.6 |
21.8 |
20.6 |
20.4 |
|
Total retained earnings |
101.4 |
98.9 |
70.6 |
60.1 |
68.4 |
|
Deferred Gains Or Losses On Hedges |
-0.1 |
- |
- |
- |
- |
|
Valuation difference on available-for-sa |
0.5 |
-0.2 |
0.1 |
-0.5 |
0.3 |
|
Cumulative Translation Adjustments |
-20.9 |
-17.7 |
-9.8 |
-10.4 |
1.4 |
|
Treasury Stock |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Deferred gains or losses on hedges |
- |
0.0 |
- |
- |
- |
|
Total Equity |
133.8 |
133.7 |
107.6 |
93.2 |
113.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
273.1 |
292.1 |
249.2 |
218.8 |
254.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
Total Common Shares Outstanding |
12.5 |
12.5 |
12.5 |
12.5 |
12.5 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
4,048 |
5,236 |
4,931 |
5,526 |
6,022 |
|
Total Number of Shareholders |
3,939 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
2,849 |
2,632 |
3,410 |
1,863 |
|
Bond Redemption Amounts within A Year |
4.9 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 1 yr. |
17.7 |
6.4 |
8.4 |
6.2 |
13.2 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
17.9 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 2 yr. |
- |
20.0 |
3.6 |
8.2 |
3.7 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
2.4 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 3 yr. |
- |
15.3 |
15.7 |
3.4 |
5.6 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
5.6 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 4 yr. |
- |
0.3 |
10.8 |
13.3 |
3.3 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
0.4 |
- |
- |
- |
- |
|
LT Debt & Bond mat. by 5 yr. |
- |
4.9 |
0.0 |
10.0 |
8.1 |
|
Other LT Debt-remaining |
0.0 |
- |
- |
- |
- |
|
LT Debt & Bond mat. over 5 yr. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
49.0 |
47.0 |
38.5 |
41.0 |
34.0 |
|
Capital Leases Maturing within 1 Yr |
0.2 |
0.4 |
0.4 |
0.1 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.2 |
- |
- |
- |
- |
|
Capital Leases Maturing within 2 Yrs |
- |
0.4 |
0.4 |
0.1 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.1 |
- |
- |
- |
- |
|
Capital Leases Maturing within 3 Yrs |
- |
0.2 |
0.4 |
0.1 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.0 |
- |
- |
- |
- |
|
Capital Leases Maturing within 4 Yrs |
- |
0.1 |
0.1 |
0.1 |
- |
|
Capital Leases Maturing within 5 Yrs |
- |
0.0 |
0.0 |
0.1 |
- |
|
Other Capital Lease-Remaining |
0.0 |
- |
- |
- |
- |
|
Capital Leases Remaining Maturities |
- |
0.0 |
0.0 |
0.0 |
- |
|
Total Capital Leases |
0.4 |
1.1 |
1.3 |
0.4 |
- |
|
Pension Obligation |
7.7 |
7.8 |
6.7 |
7.2 |
7.4 |
|
Fair Value of Plan Assets |
3.8 |
3.4 |
2.7 |
2.4 |
2.4 |
|
Pension Retirement Trust |
1.2 |
1.4 |
1.6 |
1.0 |
2.1 |
|
Funded Status |
-2.7 |
-2.9 |
-2.4 |
-3.7 |
-2.8 |
|
Total Funded Status |
-2.7 |
-2.9 |
-2.4 |
-3.7 |
-2.8 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return (Plan Assets) |
2.00% |
2.00% |
2.00% |
1.75% |
1.75% |
|
Expected Rate of Return (Trust) |
0.50% |
0.50% |
0.50% |
0.50% |
0.50% |
|
Expense Unrecog. for Acct. Changes |
- |
- |
0.0 |
0.1 |
0.2 |
|
Undisposaled Prior Service Cost |
-0.2 |
-0.2 |
-0.2 |
0.0 |
- |
|
Unrecognized Actuarial Gains and Losses |
1.6 |
1.5 |
0.9 |
1.6 |
0.3 |
|
Retirement Benefit Expenses Reserve For |
-2.5 |
- |
- |
- |
- |
|
Reserve for Accrued Retirement Benefits |
- |
-1.7 |
-1.7 |
-2.0 |
-2.3 |
|
Prepaid pension benefits |
1.2 |
0.8 |
0.5 |
0.2 |
0.0 |
|
Net Assets Recognized on Balance Sheet |
0.1 |
0.4 |
-0.5 |
0.0 |
-1.7 |
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 |
Updated 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 |
Arata Auditing
Firm |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
9.1 |
24.9 |
12.6 |
-6.4 |
11.7 |
|
Depreciation |
7.5 |
6.9 |
6.5 |
6.0 |
4.8 |
|
Loss (gain) on valuation of investment s |
1.0 |
- |
- |
- |
- |
|
Loss (gain) on change in equity |
0.1 |
- |
- |
- |
- |
|
Compensation for removal |
-1.0 |
- |
- |
- |
- |
|
Factory transfer expenses |
0.9 |
- |
- |
- |
- |
|
Gain on negative goodwill |
0.0 |
-4.0 |
0.0 |
- |
- |
|
Impairment Loss |
- |
0.0 |
0.1 |
2.9 |
0.0 |
|
Equity in (earnings) losses of affiliate |
-0.1 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Gains/loss on equity changes |
- |
0.0 |
- |
0.0 |
0.0 |
|
Loss (gain) on sales of noncurrent asset |
-0.7 |
-0.1 |
-0.5 |
-0.1 |
0.0 |
|
Expenses of production structure improve |
0.2 |
0.5 |
0.0 |
- |
- |
|
Loss on adjustment for changes of accoun |
0.0 |
0.3 |
0.0 |
- |
- |
|
Loss (gain) on disposal of noncurrent as |
0.3 |
0.7 |
0.3 |
0.2 |
0.1 |
|
Factory restructuring exp. |
- |
- |
0.0 |
0.8 |
0.0 |
|
L on liquid. of affiliates |
- |
- |
0.0 |
1.3 |
0.0 |
|
Loss on valuation of affiliates' stk. |
- |
0.0 |
0.4 |
0.0 |
- |
|
Loss (gain) on valuation of investment s |
- |
0.0 |
- |
- |
- |
|
Factory transfer expenses |
- |
0.0 |
- |
- |
- |
|
Compensation for removal |
- |
0.0 |
- |
- |
- |
|
Increase (decrease) in allowance for dou |
0.0 |
0.3 |
0.0 |
0.0 |
-0.1 |
|
Increase (decrease) in provision for bon |
0.0 |
0.5 |
0.0 |
0.1 |
-0.1 |
|
Increase (decrease) in provision for ret |
0.0 |
0.2 |
-0.1 |
-0.1 |
0.0 |
|
Reserve for Directors' Retire. Benefits |
- |
- |
0.0 |
-2.4 |
0.0 |
|
Int.& Dividend Inc. |
-0.4 |
-0.3 |
-0.3 |
-0.6 |
-0.6 |
|
Interest Expenses |
1.2 |
0.9 |
1.1 |
1.1 |
0.9 |
|
Decrease (increase) in notes and account |
22.8 |
-25.3 |
-13.3 |
15.1 |
-3.1 |
|
Decrease (increase) in inventories |
6.7 |
-7.6 |
-1.5 |
1.9 |
-2.8 |
|
Increase (decrease) in notes and account |
-16.9 |
10.3 |
17.3 |
-12.6 |
4.5 |
|
Income Taxes Paid |
-4.9 |
- |
- |
- |
- |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Proceeds from compensation for removal |
3.6 |
- |
- |
- |
- |
|
Other, net |
0.6 |
1.3 |
-1.6 |
2.6 |
2.6 |
|
Interest & Dividend Received(Cash Basis) |
0.4 |
0.4 |
0.3 |
0.6 |
0.6 |
|
Interest Paid |
-1.1 |
-0.9 |
-1.1 |
-1.2 |
-1.0 |
|
Proceeds from compensation for removal |
- |
0.0 |
- |
- |
- |
|
Income Taxes Paid |
- |
-3.5 |
-0.5 |
-5.6 |
-7.3 |
|
Newly Consolidated |
- |
- |
- |
- |
0.0 |
|
Adjustment |
- |
- |
0.0 |
- |
0.0 |
|
Cash from Operating Activities |
29.1 |
5.3 |
19.7 |
3.5 |
10.2 |
|
|
|
|
|
|
|
|
Purchase of property, plant and equipmen |
-10.5 |
-8.3 |
-4.9 |
-7.5 |
-5.0 |
|
Proceeds from sales of property, plant a |
4.1 |
0.4 |
3.5 |
0.4 |
0.3 |
|
Purchase of Long-Term Inv't in Sec. |
-5.9 |
-3.6 |
-5.4 |
-1.2 |
-0.2 |
|
Sale of Long-Term Investment in Sec. |
5.1 |
3.5 |
3.2 |
1.0 |
0.0 |
|
Purchase of affiliated securities |
-0.1 |
-6.2 |
0.0 |
-0.3 |
0.0 |
|
Other, net |
-2.9 |
-1.6 |
-1.2 |
-1.6 |
-0.9 |
|
Cash from Investing Activities |
-10.3 |
-15.8 |
-4.9 |
-9.2 |
-5.8 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-3.9 |
-1.7 |
-6.3 |
8.1 |
-3.0 |
|
Proceeds from long-term loans payable |
9.0 |
13.5 |
2.5 |
20.7 |
9.6 |
|
Repayment of long-term loans payable |
-7.1 |
-9.6 |
-6.9 |
-6.5 |
-7.0 |
|
Issuance Corp Bond |
- |
- |
- |
0.0 |
3.5 |
|
Redempt-Corp Bond |
- |
- |
0.0 |
-7.0 |
-0.5 |
|
Treasury Stock Sold |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury Stock Purchased |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid |
-1.6 |
-1.2 |
-0.8 |
-1.5 |
-2.0 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Dividends paid to minority shareholders |
-0.7 |
-0.3 |
-0.4 |
-0.5 |
-0.5 |
|
Stocks issued |
- |
0.0 |
0.1 |
0.0 |
0.1 |
|
Adjust-divi. paid to minor. shareholders |
- |
- |
- |
0.0 |
-0.4 |
|
Proc. common stock paid to minor. holder |
- |
- |
- |
0.0 |
-2.4 |
|
Other, net |
-0.7 |
-0.3 |
-0.3 |
-0.1 |
0.1 |
|
Cash from Financing Activities |
-5.0 |
0.4 |
-12.0 |
13.3 |
-2.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.5 |
-3.1 |
0.5 |
-4.8 |
0.1 |
|
Net Change in Cash |
12.4 |
-13.2 |
3.3 |
2.7 |
2.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
51.3 |
60.4 |
52.4 |
45.7 |
38.1 |
|
Net Cash - Ending Balance |
63.7 |
47.3 |
55.7 |
48.5 |
40.2 |
|
Cash Interest Paid |
1.1 |
0.9 |
1.1 |
1.2 |
1.0 |
|
Cash Taxes Paid |
4.9 |
3.5 |
0.5 |
5.6 |
7.3 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.70.01 |
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.