MIRA
INFORM REPORT
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Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KANEMATSU CORPORATION |
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Registered Office : |
Seavans North, 1-2-1, Shibaura, Minato-Ku, Tokyo, 105-8005 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
18.03.1918 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in the electronics and information technology (it) segment the food products segment, the machinery and plant segment &the steel segment |
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No. of Employees : |
4770 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
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) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
japan - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a
strong work ethic, mastery of high technology, and a comparatively small
defense allocation (1% of GDP) helped Japan develop a technologically advanced
economy. Two notable characteristics of the post-war economy were the close
interlocking structures of manufacturers, suppliers, and distributors, known as
keiretsu, and the guarantee of lifetime employment for a substantial portion of
the urban labor force. Both features are now eroding under the dual pressures
of global competition and domestic demographic change. Japan's industrial
sector is heavily dependent on imported raw materials and fuels. A 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
KANEMATSU
CORPORATION
SEAVANS NORTH
1-2-1, Shibaura, Minato-ku
Tokyo, 105-8005
Japan
Tel: 81-3-54408111
Fax: 81-3-54406500
Web: www.kanematsu.co.jp
Synthesis
Employees: 4,770
Company Type: Public Parent
Corporate Family: 73
Companies
Traded: Tokyo
Stock Exchange: 8020
Incorporation Date: 18-Mar-1918
Auditor: Arata Auditing Firm
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 12,745.1 1
Net Income: 77.4
Total Assets:
4,852.2 2
Market Value: 492.5
(22-Nov-2012)
Business Description
KANEMATSU CORPORATION is a Japan-based trading company. The Electronics and Information Technology (IT) segment provides electronic components and materials, semiconductors, liquid crystal and solar cell manufacturing equipment, and communication technology systems, among others. The Food Products segment offers animal products, seafood and processed food, such as canned and frozen food. The Steel segment trades various types of steel sheet, rods and pipes. The Machinery and Plant segment provides chemical and petrochemical plants, paper making machinery, optical fibers, vessels, industrial vehicles and machinery. The Environment and Material segment offers battery materials, fertilizer materials, adhesive materials and solvents, among others. The Others segment provides textile products, beddings, interior products and housing-related materials, as well as insurance agency, insurance brokerage, real estate management and leasing services. For the six months ended 30 September 2012, KANEMATSU CORPORATION revenues decreased 1% to Y487.19B. Net income applicable to common stockholders decreased 6% to Y6.02B. Revenues reflect Business Machinery And Plant segment decrease of 25% to Y27.06B, Steel Business segment decrease of 9% to Y46.76B, Food And Food segment decrease of 2% to Y142.65B. Net income also reflects Food And Food segment income decrease of 42% to Y1.75B.
Industry
Industry Food Processing
ANZSIC 2006: 3609 - Other
Grocery Wholesaling
NACE 2002: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
NAICS 2002: 42449 - Other
Grocery and Related Products Merchant Wholesalers
UK SIC 2003: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
UK SIC 2007: 4638 - Wholesale
of other food, including fish, crustaceans and molluscs
US SIC 1987: 5149 - Groceries
and Related Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Masayuki Shimojima |
President, Representative Director |
|
Nobuyoshi Sakuyama |
Director of Finance, Director of Budget, Director |
|
Keiichi Inaba |
Managing Executive Officer, Chairman & General Manager of
Subsidiaries |
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Yoshihiro Miwa |
President |
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Masaharu Hamakawa |
Chairman & Executive Officer-Internal Audit |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Mergers & Acquisitions |
1 |
Kanematsu Corp's Sub-sub-subsidiary to Acquire Oil Well Pipe
Processing Business |
23-Oct-2012 |
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Divestitures |
2 |
Kanematsu Corp Sells All Stakes in Japan-based Company |
24-Aug-2012 |
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Equity Investments |
1 |
YACHIYO INDUSTRY CO., LTD. to Establish Subsidiary |
15-Mar-2012 |
- number of significant developments within the last 12 months
news
|
Title |
Date |
|
Patent Issued for Navigation Device, and
Method for Updating Map Data and Navigation |
28-Nov-2012 |
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Kanematsu To Make Foods In Indonesia For
Japanese Stores |
20-Nov-2012 |
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Kanematsu 1H Grp Net Pft Y6.02B Vs Y6.39B
Pft Yr Earlier |
1-Nov-2012 |
|
Kanematsu Expects This FY Group Net Profit
Y8.00B |
1-Nov-2012 |
|
Patent Issued for Image Outputting
Apparatus, and Archive System Including That Image Outputting Apparatus and
Its Control Method |
31-Oct-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
SEAVANS NORTH
1-2-1, Shibaura, Minato-ku
Tokyo, 105-8005
Japan
Tel: 81-3-54408111
Fax: 81-3-54406500
Web: www.kanematsu.co.jp
Quote Symbol - Exchange
8020 - Tokyo Stock
Exchange
Sales JPY(mil): 1,006,365.0
Assets JPY(mil): 399,753.0
Employees: 4,770
Fiscal Year End: 31-Mar-2012
Industry: Food
Processing
Incorporation Date: 18-Mar-1918
Company Type: Public
Parent
Quoted Status: Quoted
President,
Representative Director:
Masayuki Shimojima
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
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3609 - Other Grocery Wholesaling
350 - Motor Vehicle and Motor Vehicle Parts Wholesaling
3322 - Metal and Mineral Wholesaling
3319 - Other Agricultural Product Wholesaling
3739 - Other Goods Wholesaling Not Elsewhere Classified
2429 - Other Electronic Equipment Manufacturing
3720 - Pharmaceutical and Toiletry Goods Wholesaling
3494 - Other Electrical and Electronic Goods Wholesaling
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5146 - Wholesale of pharmaceutical goods
5010 - Sale of motor vehicles
5190 - Other wholesale
5152 - Wholesale of metals and ores
5155 - Wholesale of chemical products
5121 - Wholesale of grain, seeds and animal feeds
5123 - Wholesale of live animals
3210 - Manufacture of electronic valves and tubes and other
electronic components
5186 - Wholesale of other electronic parts and equipment
NAICS 2002 Codes:
42449 - Other Grocery and Related Products Merchant Wholesalers
424210 - Drugs and Druggists' Sundries Merchant Wholesalers
424690 - Other Chemical and Allied Products Merchant Wholesalers
423690 - Other Electronic Parts and Equipment Merchant Wholesalers
423510 - Metal Service Centers and Other Metal Merchant Wholesalers
424520 - Livestock Merchant Wholesalers
423110 - Automobile and Other Motor Vehicle Merchant Wholesalers
424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers
334413 - Semiconductor and Related Device Manufacturing
424910 - Farm Supplies Merchant Wholesalers
US SIC 1987:
5149 - Groceries and Related Products, Not Elsewhere Classified
5122 - Drugs, Drug Proprietaries, and Druggists' Sundries
5012 - Automobiles and Other Motor Vehicles
5199 - Nondurable Goods, Not Elsewhere Classified
5154 - Livestock
5169 - Chemicals and Allied Products, Not Elsewhere Classified
3674 - Semiconductors and Related Devices
5191 - Farm Supplies
5065 - Electronic Parts and Equipment, Not Elsewhere Classified
5051 - Metals Service Centers and Offices
UK SIC 2003:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5152 - Wholesale of metals and ores
5155 - Wholesale of chemical products
3210 - Manufacture of electronic valves and tubes and other
electronic components
5186 - Wholesale of other electronic parts and equipment
5010 - Sale of motor vehicles
5190 - Other wholesale
5146 - Wholesale of pharmaceutical goods
5121 - Wholesale of grain, seeds and animal feeds
5123 - Wholesale of live animals
UK SIC 2007:
4638 - Wholesale of other food, including fish, crustaceans and
molluscs
4646 - Wholesale of pharmaceutical goods
4621 - Wholesale of grain, unmanufactured tobacco, seeds and
animal feeds
4511 - Sale of cars and light motor vehicles
4690 - Non-specialised wholesale trade
2611 - Manufacture of electronic components
4675 - Wholesale of chemical products
4623 - Wholesale of live animals
4672 - Wholesale of metals and metal ores
4652 - Wholesale of electronic and telecommunications equipment
and parts
Business
Description
KANEMATSU
CORPORATION is a Japan-based trading company. The Electronics and Information
Technology (IT) segment provides electronic components and materials,
semiconductors, liquid crystal and solar cell manufacturing equipment, and
communication technology systems, among others. The Food Products segment
offers animal products, seafood and processed food, such as canned and frozen
food. The Steel segment trades various types of steel sheet, rods and pipes.
The Machinery and Plant segment provides chemical and petrochemical plants,
paper making machinery, optical fibers, vessels, industrial vehicles and
machinery. The Environment and Material segment offers battery materials,
fertilizer materials, adhesive materials and solvents, among others. The Others
segment provides textile products, beddings, interior products and
housing-related materials, as well as insurance agency, insurance brokerage,
real estate management and leasing services. For the six months ended 30
September 2012, KANEMATSU CORPORATION revenues decreased 1% to Y487.19B. Net
income applicable to common stockholders decreased 6% to Y6.02B. Revenues
reflect Business Machinery And Plant segment decrease of 25% to Y27.06B, Steel
Business segment decrease of 9% to Y46.76B, Food And Food segment decrease of
2% to Y142.65B. Net income also reflects Food And Food segment income decrease
of 42% to Y1.75B.
More Business
Descriptions
Trading in
processed and unprocessed foodstuffs, electronics, telecommunications,
automobile parts, fine chemicals and pharmaceutical intermediates
General Trading
Company
Kanematsu
Corporation (Kanematsu) is a trading company, based in Japan. Kanematsu trades
different types of semiconductors, crystalline liquid (LC) manufacturing
equipment, optical devices and other products. The company operates its
business through seven domestic offices and over 40 international offices.
Kanematsu operates its business through six reportable segments namely,
Electronics & IT; Food & Foodstuffs; Iron & Steel; Machinery & Plant;
Environment & Materials and Others segment. Through Electronics & IT
business segment, the company sells electronic devices, OEM/ODM solutions,
mobile solutions, ICT solutions, semiconductor and LCD manufacturing equipment,
and aerospace parts. The products and services offered through this segment
include Electronic parts, semiconductors, vehicle parts, mechanized parts,
telecommunications technology systems and services, mobile internet systems,
mobile communication terminals, aircrafts and aircraft parts, satellite
equipment and others. The Electronic and IT business segment is operated
through the company’s 9 wholly or partially owned subsidiaries in Japan and
15 overseas subsidiaries including Kanematsu Electronics Ltd., Kanematsu
Communications Ltd, Kanematsu Aerospace Corp., and Kanematsu Global Technology
Solutions among others. For the fiscal year ended 31 March 2012, the
Electronics & IT business segment reported revenue of ¥ 253205m,
reflecting a decrease of 0.27% over the previous year. The segment contributed
25.15% to the company’s total revenue in 2012.The Foods & Foodstuff
business segment of the company sells food materials such as
canned/frozen/dried fruits, coffee, cocoa, sugar, sesame, peanuts, various
beans, wines; meat and marine products; feedstuff & products such as feed,
fertilizer, pet foods; and grains such as soybeans, wheat, barley, rice,
processed foods, cooked and pet foods along with other related food items. The
Foods & Foodstuff business of the company is operated through 7
subsidiaries located in Japan and an overseas subsidiary. It also operates
through four affiliate companies in Japan and five overseas affiliates. For the
fiscal year ended 31 March 2012, the Foods & Foodstuffs segment reported
revenue of ¥292,118m, indicating an increase of 7.45% over the previous year.
The segment contributed 29.01% to the company’s total revenue in 2012.Through
Iron and Steel segment, the company trades steel plates, wire rods, specialty
steel, stainless steel, cast and forged steel, and supply of raw materials
through Kanematsu Trading Corporation. The steel products are ranging from
general rolled products, cold-rolled sheets, electromagnetic plates and sheets,
surface-treated plates, tinplate, thick plates for shipbuilding, automotive
sheet steel, shaped steel, wires for the auto industry, welded steel tubes,
seamless pipes, stainless steel sheet and numerous other specialty steel
products. The Iron and Steel business is carried out through five subsidiaries
located in Japan and overseas. For the fiscal year ended 31 March 2012, the
Iron and Steel segment reported revenue of ¥99,227m, indicating a decrease of
0.07% over the previous year. The segment contributed 9.87% to the company's
total revenue in 2012.The Machinery & Plant segment of the company caters
its machineries to Chemical and Petrochemical plants, papermaking,
communication lines construction and automobile industry and others. It also
provides water supply and sewage processing, pump stations, port and harbor facilities
along with operating ODA projects and cable/electric power projects such as
electric power projects, communications-related projects. The Machinery &
Plant business is operated through four subsidiaries in Japan and seven
overseas subsidiaries. It also carries out its operations through two overseas
affiliates. For the fiscal year ended 31 March 2012, the Machinery & Plant
segment reported revenue of ¥70,415m, indicating an increase of 4.60% over the
previous year. The segment contributed 6.99% to the company’s total revenue
in 2012.Through Environment & Materials segment, the company provides
Functional Chemicals such as battery materials, fertilizer materials, adhesive
materials, solvents; Healthcare Products such as food materials, stole milk and
nutritional supplements; Pharmaceuticals and Pharmaceutical intermediaries. It
sells crude oil and petroleum products such as gasoline, jet fuel, kerosene,
gas oil, bunker A and C, heavy oil, biomass energy, industrial and automotive
lubricants; liquefied petroleum gases such as propane and butane and numerous
vehicle fuels. The Environment & Materials business is carried out through
five subsidiaries located in Japan, namely Kanematsu Chemicals Corp., Kanematsu
Wellness Corp. and Kanematsu Petroleum Corp. It also operates through three
affiliates in Japan. For the fiscal year ended 31 march 2012, the Environment
& Materials segment reported revenue of ¥ 273,716m, indicating an increase
of 20.31% over the previous year. This segment contributed 27.19% to the
company’s total revenue in 2012.The Others segment carries out trading
activities of textile materials, beddings, interior products, medium-grade
fibreboards and nonferrous metals among others. It also operates real estate
management, leasing business and insurance agent / intermediary business along
with air / marine cargo agent business. This segment operates through 8
subsidiaries in Japan and two overseas subsidiaries; and also through five
affiliate companies in overseas and Japan. For the fiscal year ended 31 March
2012, the others segment of the company generated revenue of ¥ 17,954 with an
increase of 1.90% over the previous year. This segment contributed 1.78% to the
total revenue of the company in 2012. Kanematsu business operations are carried
out in Japan, Malaysia, the UK, the US, India, Indonesia, China, Spain,
Germany, France, Italy, and Brazil.
Kanematsu
Corporation (Kanematsu) is a trading company, based in Japan. The company
operates through the business of trading Electronics & IT, Foods &
Foodstuff, Iron & Steel, Machinery & Plant, and Environment &
Materials. It manufactures and sells Electronics & IT products such as
semiconductor manufacturing equipment, mask processors, LCD manufacturing
equipment, aircraft and aerospace-related products. Its Foods & Foodstuff
segment produces and trades dried fruits, coffee, cocoa, sugar, sesame,
peanuts, various beans, and vegetable oil. The company’s Iron & Steel
segment sells general rolled products, cold-rolled sheets, and cast products.
Its Machinery & Plant segment offers industrial plants mainly for
chemicals, paper & pulp, and automobiles, as well as water supply and
sewage processing, pump stations, and among others. The company’s Environment
& Materials segment provides materials for photovoltaic cell or module,
materials for secondary battery, materials for fertilizers, pharmaceuticals,
and others. The company operates across North America, South America, Oceania,
Europe, Middle East, and Asia. Kanematsu is headquartered in Tokyo, Japan.The
company reported revenues of (Yen) JPY 1,006,365.00 million during the fiscal
year ended March 2012, an increase of 7.42% over 2011. The operating profit of
the company was JPY 18,724.00 million during the fiscal year 2012, an increase
of 11.38% over 2011. The net profit of the company was JPY 6,111.00 million
during the fiscal year 2012, a decrease of 33.44% from 2011.
Other Industrial Machinery Manufacturing
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Corporate Family |
Corporate
Structure News: |
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KANEMATSU
CORPORATION |
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KANEMATSU
CORPORATION |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tokyo |
Japan |
Food Processing |
12,745.1 |
4,770 |
|
|
Subsidiary |
Tokyo |
Japan |
Computer Networks |
592.4 |
1,039 |
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Computer Networks |
91.8 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
132.2 |
655 |
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
1,618.5 |
200 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
65.3 |
|
|
|
Subsidiary |
Osaka, Shiga |
Japan |
Semiconductors |
|
200 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
665.3 |
194 |
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
138.0 |
194 |
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Iron and Steel |
676.7 |
100 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
64 |
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
24.5 |
62 |
|
|
Subsidiary |
Warszawa |
Poland |
Electronic Instruments and Controls |
23.1 |
60 |
|
|
Subsidiary |
Sydney, NSW |
Australia |
Chemical Manufacturing |
1.7 |
50 |
|
|
Subsidiary |
Osaka-Shi |
Japan |
Personal and Household Products |
130.0 |
45 |
|
|
Subsidiary |
Taipei City, Taipei |
Taiwan |
Miscellaneous Capital Goods |
|
40 |
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
|
30 |
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Iron and Steel |
|
30 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
25 |
|
|
Branch |
New York, NY |
United States |
Miscellaneous Capital Goods |
33.5 |
23 |
|
|
Subsidiary |
Wan Chai, Hong Kong |
Hong Kong |
Miscellaneous Capital Goods |
46.6 |
17 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
32.8 |
16 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Financial Services |
46.8 |
15 |
|
|
Subsidiary |
London |
United Kingdom |
Personal Services |
15.7 |
6 |
|
|
Branch |
Milano |
Italy |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Electronic Instruments and Controls |
11.4 |
15 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
1.0 |
11 |
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
|
9 |
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
7 |
|
|
Subsidiary |
Bellevue, WA |
United States |
Chemical Manufacturing |
8.5 |
3 |
|
|
Subsidiary |
Auckland |
New Zealand |
Food Processing |
|
3 |
|
|
Subsidiary |
Tulsa, OK |
United States |
Miscellaneous Capital Goods |
0.3 |
2 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Appliance and Tool |
0.0 |
2 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Retail (Specialty) |
1,837.5 |
|
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Electronic Instruments and Controls |
1,320.6 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
1,188.1 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Communications Services |
|
|
|
|
Subsidiary |
Matsudo, Chiba |
Japan |
Chemical Manufacturing |
153.4 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Chemical Manufacturing |
93.7 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Aerospace and Defense |
37.5 |
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Semiconductors |
1.0 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
45.1 |
5 |
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Textiles - Non Apparel |
|
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Apparel and Accessories |
45.9 |
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Business Services |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Semiconductors |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Scientific and Technical Instruments |
|
|
|
|
Subsidiary |
Tehran |
Iran |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Advertising |
|
|
|
|
Subsidiary |
Shanghai |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Consumer Financial Services |
|
101 |
|
|
Subsidiary |
Dalian, Liaoning |
China |
Consumer Financial Services |
|
10 |
|
|
Subsidiary |
Petaling Jaya |
Malaysia |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
Prague |
Czech Republic |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Yaita, Tochigi |
Japan |
Scientific and Technical Instruments |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Matsudo, Chiba |
Japan |
Semiconductors |
|
|
|
|
Subsidiary |
Toyonaka, Osaka |
Japan |
Semiconductors |
|
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Trucking |
|
|
|
|
Subsidiary |
Puchong, Selangor Darul Ehsan |
Malaysia |
Semiconductors |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Food Processing |
|
|
|
|
Subsidiary |
Namegata, Ibaraki |
Japan |
Semiconductors |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Kasai, Hyogo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Fuji Electric FA Components & Systems Co., Ltd. |
Tokyo, Shinagawa, Japan |
|
Private |
|
Itochu Corp |
Tokyo, Japan |
70,639 |
Public |
|
Marubeni Corporation |
Chiyoda-Ku, Japan |
32,445 |
Public |
|
Mitsui & Co. Ltd. |
Tokyo, Japan |
44,805 |
Public |
|
Nippon Oil Exploration Limited |
Tokyo, Japan |
746 |
Private |
|
Sojitz Corp |
Tokyo, Japan |
17,039 |
Public |
|
Sumitomo Corp |
Tokyo, Japan |
72,087 |
Public |
|
TAIHEI DENGYO KAISHA, LTD. |
Tokyo, Japan |
1,713 |
Public |
|
Toyota Tsusho Corporation-Tokyo |
Tokyo, Japan |
2,795 |
Private |
Executive report
|
Board of
Directors |
|
|
|
|
||||||||||
|
Chairman of the Board, Representative Director |
Chairman |
|
||||||||||
|
|||||||||||||
|
Executive Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executive Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executive Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Director, President of Osaka Office |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Director of Finance, Director of Budget, Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
President, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executive Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executive Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
President |
President |
|
|||||||||
|
President, Representative Director |
President |
|
|||||||||
|
||||||||||||
|
Managing Director-Planning, Innovation, Life Science & Energy |
Division Head Executive |
|
|
||||||||
|
Director-Foodstuff |
Division Head Executive |
|
|
||||||||
|
Managing Director, President of Osaka Office |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Chief Officer, Textiles, Subsidiary Administration, System Planning,
Corporate Planning, Public Relations Department |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Chairman & Executive Officer-Internal Audit |
Finance Executive |
|
|
||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Co-Auditor |
Finance Executive |
|
|
||||||||
|
Director of Finance, Director of Budget, Director |
Finance Executive |
|
|
||||||||
|
||||||||||||
|
Director-Accounting, Finance, Legal Affairs & Risk Managment |
Finance Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Managing Executive Officer, Chairman & General Manager of
Subsidiaries |
Other |
|
|
||||||||
|
||||||||||||
Significant Developments
Kanematsu Corp's Sub-sub-subsidiary to Acquire Oil Well Pipe Processing Business Oct 23, 2012
Kanematsu Corp announced that its sub-sub-subsidiary Benoit Premium Threading, LLC., will acquire oil well pipe processing business from Benoit Machine LLC, for USD 91,500,000 in total, effective the end of November 2012.
Kanematsu Corp Sells All Stakes in Japan-based Company Aug 24, 2012
Kanematsu Corp announced that it has sold a 25% stake in a Japan-based company, which is engaged in the management of subsidiaries and associated companies, as well as the draft of group strategy in Tokyo, Japan, on August 24, 2012. As a result, the Company holds no stakes in the Japan-based company.
Kanematsu Corp's Subsidiary Sells Shares of NEOS Corporation Aug 17, 2012
Kanematsu Corp announced that its subsidiary, SHINTOA CORPORATION, has sold all shares (30% stake) of NEOS Corporation, which is engaged in the sale of drinking and food through vending machine, as well as the management of vending machine in Tokyo, Japan, to ITO EN, LTD., on August 17, 2012.
YACHIYO INDUSTRY CO., LTD. to Establish Subsidiary Mar 15, 2012
YACHIYO INDUSTRY CO., LTD. announced that it has decided to establish a subsidiary, which will be engaged in manufacturing and sales of automobile parts, in April 2012. The Company, P.T. PROSPECT MOTOR and Kanematsu Corporation will hold 70%, 25% and 5% stakes in the subsidia
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
12,745.1 |
10,933.3 |
9,266.9 |
11,332.7 |
10,883.6 |
|
Revenue |
12,745.1 |
10,933.3 |
9,266.9 |
11,332.7 |
10,883.6 |
|
Total Revenue |
12,745.1 |
10,933.3 |
9,266.9 |
11,332.7 |
10,883.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
11,720.5 |
10,035.8 |
8,469.6 |
10,479.5 |
10,093.3 |
|
Cost of Revenue, Total |
11,720.5 |
10,035.8 |
8,469.6 |
10,479.5 |
10,093.3 |
|
Gross Profit |
1,024.6 |
897.5 |
797.3 |
853.2 |
790.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
435.1 |
399.1 |
387.5 |
394.2 |
351.1 |
|
Labor & Related Expense |
318.1 |
288.0 |
278.7 |
275.1 |
241.3 |
|
Total Selling/General/Administrative Expenses |
753.2 |
687.0 |
666.2 |
669.4 |
592.5 |
|
Litigation |
- |
0.0 |
5.7 |
0.6 |
0.2 |
|
Impairment-Assets Held for Use |
5.6 |
2.9 |
1.5 |
99.9 |
14.0 |
|
Impairment-Assets Held for Sale |
8.4 |
6.5 |
4.7 |
6.8 |
2.7 |
|
Other Unusual Expense (Income) |
20.3 |
4.8 |
-10.6 |
23.0 |
9.7 |
|
Unusual Expense (Income) |
34.2 |
14.2 |
1.3 |
130.3 |
26.5 |
|
Other Operating Expense |
0.0 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
12,507.9 |
10,737.1 |
9,137.1 |
11,279.1 |
10,712.3 |
|
|
|
|
|
|
|
|
Operating Income |
237.1 |
196.2 |
129.8 |
53.6 |
171.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-51.8 |
-50.7 |
-46.9 |
-54.4 |
-59.2 |
|
Interest Expense, Net Non-Operating |
-51.8 |
-50.7 |
-46.9 |
-54.4 |
-59.2 |
|
Interest Income -
Non-Operating |
6.0 |
6.7 |
7.6 |
10.6 |
12.9 |
|
Investment Income -
Non-Operating |
-12.3 |
5.1 |
9.7 |
8.2 |
138.0 |
|
Interest/Investment Income - Non-Operating |
-6.3 |
11.8 |
17.3 |
18.8 |
150.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-58.2 |
-39.0 |
-29.6 |
-35.6 |
91.7 |
|
Gain (Loss) on Sale of Assets |
-0.8 |
-0.5 |
-2.5 |
-2.3 |
-2.3 |
|
Other Non-Operating Income (Expense) |
-6.8 |
-4.6 |
-7.3 |
-14.8 |
-7.1 |
|
Other, Net |
-6.8 |
-4.6 |
-7.3 |
-14.8 |
-7.1 |
|
Income Before Tax |
171.3 |
152.1 |
90.5 |
0.8 |
253.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
76.3 |
28.5 |
38.9 |
111.9 |
73.0 |
|
Income After Tax |
95.1 |
123.6 |
51.6 |
-111.1 |
180.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-17.7 |
-16.5 |
-13.6 |
-16.1 |
-14.1 |
|
Net Income Before Extraord Items |
77.4 |
107.1 |
38.0 |
-127.2 |
166.4 |
|
Net Income |
77.4 |
107.1 |
38.0 |
-127.2 |
166.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
-0.1 |
0.0 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
0.0 |
-0.1 |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
418.6 |
418.4 |
418.3 |
418.4 |
418.5 |
|
Basic EPS Excl Extraord Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Basic/Primary EPS Incl Extraord Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
Diluted Weighted Average Shares |
418.6 |
418.4 |
418.3 |
418.4 |
418.5 |
|
Diluted EPS Excl Extraord Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Diluted EPS Incl Extraord Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
51.8 |
50.7 |
46.9 |
54.4 |
59.2 |
|
Depreciation, Supplemental |
32.4 |
29.8 |
33.0 |
32.2 |
28.9 |
|
Total Special Items |
35.0 |
14.7 |
3.8 |
132.6 |
28.8 |
|
Normalized Income Before Tax |
206.4 |
166.8 |
94.3 |
133.4 |
282.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
15.6 |
2.8 |
1.6 |
46.4 |
8.3 |
|
Inc Tax Ex Impact of Sp Items |
91.9 |
31.3 |
40.5 |
158.3 |
81.3 |
|
Normalized Income After Tax |
114.5 |
135.6 |
53.7 |
-24.9 |
201.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
96.8 |
119.0 |
40.1 |
-41.1 |
186.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.28 |
0.10 |
-0.10 |
0.45 |
|
Diluted Normalized EPS |
0.23 |
0.28 |
0.10 |
-0.10 |
0.45 |
|
Research & Development Exp, Supplemental |
5.6 |
4.6 |
3.9 |
5.2 |
3.0 |
|
Reported Operating Profit |
271.3 |
210.4 |
131.1 |
189.4 |
197.8 |
|
Reported Ordinary Profit |
224.8 |
166.4 |
88.6 |
130.6 |
164.0 |
|
Normalized EBIT |
271.4 |
210.4 |
131.1 |
183.8 |
197.8 |
|
Normalized EBITDA |
303.8 |
240.2 |
164.2 |
216.0 |
226.7 |
|
Interest Cost - Domestic |
2.9 |
2.6 |
3.1 |
2.8 |
2.5 |
|
Service Cost - Domestic |
15.6 |
15.4 |
16.5 |
12.8 |
11.2 |
|
Prior Service Cost - Domestic |
0.9 |
0.9 |
0.8 |
0.7 |
1.7 |
|
Expected Return on Assets - Domestic |
-2.5 |
-2.0 |
-1.8 |
-2.2 |
-2.0 |
|
Actuarial Gains and Losses - Domestic |
5.5 |
3.7 |
5.8 |
0.9 |
-0.5 |
|
Transition Costs - Domestic |
1.0 |
-1.3 |
- |
- |
- |
|
Other Pension, Net - Domestic |
- |
- |
- |
0.9 |
0.8 |
|
Domestic Pension Plan Expense |
23.4 |
19.3 |
24.5 |
15.9 |
13.7 |
|
Defined Contribution Expense - Domestic |
- |
- |
0.9 |
- |
- |
|
Total Pension Expense |
23.4 |
19.3 |
25.3 |
15.9 |
13.7 |
|
Discount Rate - Domestic |
1.10% |
1.50% |
1.50% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Total Plan Interest Cost |
2.9 |
2.6 |
3.1 |
2.8 |
2.5 |
|
Total Plan Service Cost |
15.6 |
15.4 |
16.5 |
12.8 |
11.2 |
|
Total Plan Expected Return |
-2.5 |
-2.0 |
-1.8 |
-2.2 |
-2.0 |
|
Total Plan Other Expense |
- |
- |
- |
0.9 |
0.8 |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
859.8 |
832.7 |
896.3 |
800.1 |
751.1 |
|
Short Term Investments |
- |
- |
0.0 |
0.2 |
0.1 |
|
Cash and Short Term Investments |
859.8 |
832.7 |
896.3 |
800.2 |
751.2 |
|
Accounts Receivable -
Trade, Gross |
1,988.0 |
1,768.2 |
1,425.0 |
1,462.7 |
1,894.9 |
|
Provision for Doubtful
Accounts |
-3.6 |
-4.3 |
-4.5 |
-7.8 |
-10.1 |
|
Trade Accounts Receivable - Net |
1,984.4 |
1,763.9 |
1,420.6 |
1,454.9 |
1,884.7 |
|
Notes Receivable - Short Term |
11.8 |
21.0 |
24.3 |
28.1 |
31.7 |
|
Total Receivables, Net |
1,996.3 |
1,784.9 |
1,444.8 |
1,482.9 |
1,916.4 |
|
Inventories - Finished Goods |
663.1 |
658.7 |
564.9 |
578.1 |
- |
|
Inventories - Work In Progress |
9.0 |
6.4 |
11.1 |
8.9 |
- |
|
Inventories - Raw Materials |
12.6 |
12.6 |
11.3 |
12.9 |
- |
|
Inventories - Other |
8.7 |
11.1 |
10.1 |
9.9 |
- |
|
Total Inventory |
693.2 |
688.8 |
597.4 |
609.9 |
722.0 |
|
Deferred Income Tax - Current Asset |
40.3 |
43.2 |
19.0 |
20.5 |
56.0 |
|
Other Current Assets |
277.3 |
261.4 |
296.1 |
288.8 |
395.3 |
|
Other Current Assets, Total |
317.7 |
304.6 |
315.1 |
309.2 |
451.3 |
|
Total Current Assets |
3,867.0 |
3,611.0 |
3,253.7 |
3,202.3 |
3,840.9 |
|
|
|
|
|
|
|
|
Buildings |
- |
- |
- |
- |
145.3 |
|
Land/Improvements |
- |
- |
- |
- |
176.6 |
|
Machinery/Equipment |
- |
- |
- |
- |
270.8 |
|
Construction in
Progress |
- |
- |
- |
- |
0.5 |
|
Leases |
- |
- |
- |
- |
94.2 |
|
Property/Plant/Equipment - Gross |
- |
- |
- |
- |
687.3 |
|
Accumulated Depreciation |
- |
- |
- |
- |
-335.2 |
|
Property/Plant/Equipment - Net |
328.1 |
336.4 |
302.0 |
304.7 |
352.1 |
|
Goodwill, Net |
- |
- |
- |
0.0 |
1.6 |
|
Intangibles, Net |
23.1 |
22.4 |
19.7 |
20.8 |
27.9 |
|
LT Investment - Affiliate Companies |
73.7 |
73.3 |
- |
- |
- |
|
LT Investments - Other |
288.9 |
312.5 |
389.8 |
383.6 |
477.4 |
|
Long Term Investments |
362.5 |
385.8 |
389.8 |
383.6 |
477.4 |
|
Note Receivable - Long Term |
93.2 |
322.0 |
301.4 |
332.7 |
347.7 |
|
Deferred Income Tax - Long Term Asset |
131.6 |
160.8 |
149.4 |
150.2 |
172.9 |
|
Other Long Term Assets |
46.8 |
-148.9 |
-150.0 |
-193.4 |
-162.6 |
|
Other Long Term Assets, Total |
178.4 |
11.9 |
-0.5 |
-43.2 |
10.3 |
|
Total Assets |
4,852.2 |
4,689.5 |
4,266.0 |
4,200.9 |
5,058.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,322.5 |
1,160.0 |
969.2 |
933.6 |
1,322.1 |
|
Notes Payable/Short Term Debt |
1,312.3 |
787.8 |
760.8 |
1,192.6 |
1,148.2 |
|
Current Portion - Long Term Debt/Capital Leases |
8.8 |
758.8 |
609.6 |
1.5 |
0.0 |
|
Income Taxes Payable |
22.6 |
18.8 |
9.3 |
23.1 |
23.9 |
|
Deferred Income Tax - Current Liability |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
329.9 |
316.6 |
338.0 |
373.7 |
432.6 |
|
Other Current liabilities, Total |
352.5 |
335.4 |
347.3 |
396.8 |
456.6 |
|
Total Current Liabilities |
2,996.1 |
3,041.9 |
2,686.9 |
2,524.5 |
2,926.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,000.2 |
882.5 |
952.2 |
1,114.4 |
1,352.5 |
|
Capital Lease Obligations |
16.9 |
15.1 |
6.0 |
3.5 |
0.0 |
|
Total Long Term Debt |
1,017.1 |
897.5 |
958.1 |
1,117.9 |
1,352.5 |
|
Total Debt |
2,338.2 |
2,444.1 |
2,328.5 |
2,312.0 |
2,500.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.9 |
4.4 |
4.2 |
2.9 |
1.7 |
|
Deferred Income Tax |
1.9 |
4.4 |
4.2 |
2.9 |
1.7 |
|
Minority Interest |
206.2 |
198.8 |
180.7 |
173.1 |
167.3 |
|
Reserves |
21.0 |
10.2 |
0.0 |
6.2 |
6.4 |
|
Pension Benefits - Underfunded |
39.7 |
37.8 |
35.3 |
35.9 |
50.4 |
|
Other Long Term Liabilities |
96.6 |
99.5 |
91.3 |
88.0 |
94.9 |
|
Other Liabilities, Total |
157.4 |
147.5 |
126.7 |
130.0 |
151.7 |
|
Total Liabilities |
4,378.7 |
4,290.1 |
3,956.6 |
3,948.4 |
4,600.0 |
|
|
|
|
|
|
|
|
Common Stock |
337.2 |
335.2 |
297.3 |
281.3 |
279.1 |
|
Common Stock |
337.2 |
335.2 |
297.3 |
281.3 |
279.1 |
|
Additional Paid-In Capital |
335.0 |
333.1 |
295.8 |
279.9 |
277.7 |
|
Retained Earnings (Accumulated Deficit) |
182.1 |
107.6 |
-2.8 |
-38.3 |
96.0 |
|
Treasury Stock - Common |
-6.7 |
-6.9 |
-6.8 |
-6.4 |
-6.5 |
|
Unrealized Gain (Loss) |
8.4 |
-3.0 |
4.0 |
-6.7 |
7.3 |
|
Translation Adjustment |
-382.6 |
-366.5 |
-278.1 |
-257.3 |
-195.6 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-382.6 |
-366.5 |
-278.1 |
-257.3 |
-195.6 |
|
Total Equity |
473.5 |
399.4 |
309.5 |
252.5 |
458.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,852.2 |
4,689.5 |
4,266.0 |
4,200.9 |
5,058.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
418.7 |
418.6 |
418.2 |
418.3 |
418.4 |
|
Total Common Shares Outstanding |
418.7 |
418.6 |
418.2 |
418.3 |
418.4 |
|
Treasury Shares - Common Stock Primary Issue |
3.8 |
3.9 |
4.3 |
4.2 |
4.1 |
|
Employees |
4,770 |
4,770 |
4,871 |
4,874 |
4,544 |
|
Number of Common Shareholders |
27,768 |
30,018 |
32,659 |
32,761 |
32,990 |
|
Total Long Term Debt, Supplemental |
1,482.3 |
1,634.3 |
1,558.2 |
1,514.9 |
1,634.5 |
|
Long Term Debt Maturing within 1 Year |
482.1 |
751.9 |
606.1 |
400.5 |
282.0 |
|
Long Term Debt Maturing in Year 2 |
453.4 |
398.6 |
587.6 |
486.0 |
390.9 |
|
Long Term Debt Maturing in Year 3 |
385.7 |
365.3 |
263.1 |
470.7 |
475.5 |
|
Long Term Debt Maturing in Year 4 |
73.1 |
70.8 |
75.8 |
109.6 |
406.7 |
|
Long Term Debt Maturing in Year 5 |
88.0 |
47.7 |
25.7 |
48.2 |
79.4 |
|
Long Term Debt Maturing in 2-3 Years |
839.1 |
763.9 |
850.7 |
956.6 |
866.4 |
|
Long Term Debt Maturing in 4-5 Years |
161.1 |
118.5 |
101.5 |
157.8 |
486.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
25.7 |
22.0 |
9.5 |
5.0 |
0.0 |
|
Capital Lease Payments Due in Year 1 |
8.8 |
6.9 |
3.5 |
1.5 |
0.0 |
|
Capital Lease Payments Due in Year 2 |
7.0 |
5.8 |
3.0 |
1.6 |
- |
|
Capital Lease Payments Due in Year 3 |
4.9 |
3.8 |
1.9 |
1.1 |
- |
|
Capital Lease Payments Due in Year 4 |
3.5 |
2.7 |
0.7 |
0.6 |
- |
|
Capital Lease Payments Due in Year 5 |
1.2 |
2.1 |
0.3 |
0.2 |
- |
|
Capital Lease Payments Due in 2-3 Years |
12.0 |
9.6 |
4.9 |
2.7 |
- |
|
Capital Lease Payments Due in 4-5 Years |
4.7 |
4.8 |
1.0 |
0.8 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.3 |
0.7 |
0.0 |
0.0 |
- |
|
Pension Obligation - Domestic |
188.9 |
181.5 |
158.8 |
154.4 |
152.5 |
|
Plan Assets - Domestic |
139.8 |
135.1 |
119.6 |
97.7 |
100.4 |
|
Funded Status - Domestic |
-49.2 |
-46.4 |
-39.1 |
-56.7 |
-52.1 |
|
Total Funded Status |
-49.2 |
-46.4 |
-39.1 |
-56.7 |
-52.1 |
|
Discount Rate - Domestic |
1.10% |
1.50% |
1.50% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
3.0 |
0.0 |
3.7 |
|
Accrued Liabilities - Domestic |
-33.2 |
-30.4 |
-28.3 |
-29.0 |
-43.5 |
|
Other Assets, Net - Domestic |
15.9 |
16.0 |
13.8 |
27.7 |
12.3 |
|
Net Assets Recognized on Balance Sheet |
-17.3 |
-14.3 |
-11.6 |
-1.3 |
-27.5 |
|
Total Plan Obligations |
188.9 |
181.5 |
158.8 |
154.4 |
152.5 |
|
Total Plan Assets |
139.8 |
135.1 |
119.6 |
97.7 |
100.4 |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
171.3 |
152.1 |
90.5 |
0.8 |
253.5 |
|
Depreciation |
32.4 |
29.8 |
33.0 |
32.2 |
28.9 |
|
Depreciation/Depletion |
32.4 |
29.8 |
33.0 |
32.2 |
28.9 |
|
Unusual Items |
42.1 |
21.3 |
8.0 |
126.9 |
-86.2 |
|
Equity in Net Earnings (Loss) |
-3.4 |
4.4 |
9.4 |
7.7 |
-9.5 |
|
Other Non-Cash Items |
47.3 |
23.8 |
20.2 |
30.3 |
28.9 |
|
Non-Cash Items |
86.0 |
49.4 |
37.7 |
164.9 |
-66.8 |
|
Accounts Receivable |
-205.8 |
-247.0 |
115.5 |
437.6 |
37.7 |
|
Inventories |
-8.2 |
-36.2 |
50.1 |
62.8 |
-23.6 |
|
Accounts Payable |
251.3 |
162.8 |
103.2 |
-488.1 |
-70.3 |
|
Other Operating Cash Flow |
-126.7 |
-19.5 |
-145.6 |
-32.3 |
-34.3 |
|
Changes in Working Capital |
-89.4 |
-139.9 |
123.3 |
-20.0 |
-90.4 |
|
Cash from Operating Activities |
200.4 |
91.3 |
284.5 |
177.8 |
125.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-27.5 |
-14.1 |
-12.6 |
-31.1 |
-17.0 |
|
Purchase/Acquisition of Intangibles |
-7.3 |
-7.8 |
-10.7 |
-4.9 |
-6.1 |
|
Capital Expenditures |
-34.9 |
-21.9 |
-23.3 |
-35.9 |
-23.1 |
|
Sale of Fixed Assets |
8.3 |
4.9 |
12.0 |
6.2 |
14.2 |
|
Sale/Maturity of Investment |
16.9 |
14.9 |
10.2 |
19.9 |
296.6 |
|
Investment, Net |
17.0 |
206.0 |
-203.4 |
-0.7 |
0.2 |
|
Purchase of Investments |
-1.5 |
-7.8 |
-14.3 |
-1.8 |
-12.1 |
|
Other Investing Cash Flow |
10.6 |
6.1 |
12.9 |
8.7 |
63.6 |
|
Other Investing Cash Flow Items, Total |
51.2 |
224.1 |
-182.7 |
32.3 |
362.6 |
|
Cash from Investing Activities |
16.3 |
202.2 |
-206.0 |
-3.7 |
339.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-11.0 |
-15.4 |
-9.5 |
-5.6 |
-1.7 |
|
Financing Cash Flow Items |
-11.0 |
-15.4 |
-9.5 |
-5.6 |
-1.7 |
|
Short Term Debt, Net |
10.0 |
-107.3 |
-179.3 |
33.0 |
-243.5 |
|
Long Term Debt Issued |
632.8 |
566.3 |
393.9 |
148.3 |
313.6 |
|
Long Term Debt
Reduction |
-801.6 |
-684.8 |
-437.3 |
-281.4 |
-452.3 |
|
Long Term Debt, Net |
-168.8 |
-118.4 |
-43.3 |
-133.1 |
-138.7 |
|
Issuance (Retirement) of Debt, Net |
-158.8 |
-225.7 |
-222.6 |
-100.1 |
-382.3 |
|
Cash from Financing Activities |
-169.8 |
-241.1 |
-232.1 |
-105.6 |
-384.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.8 |
-19.6 |
1.1 |
-26.5 |
-2.2 |
|
Net Change in Cash |
40.1 |
32.8 |
-152.5 |
42.0 |
78.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
853.9 |
754.1 |
846.3 |
740.8 |
572.8 |
|
Net Cash - Ending Balance |
894.0 |
786.8 |
693.8 |
782.8 |
651.2 |
|
Cash Interest Paid |
52.0 |
51.2 |
47.1 |
54.4 |
59.9 |
|
Cash Taxes Paid |
48.4 |
27.3 |
43.0 |
45.1 |
54.8 |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net sales |
12,745.1 |
10,933.3 |
9,266.9 |
11,332.7 |
10,883.6 |
|
Total Revenue |
12,745.1 |
10,933.3 |
9,266.9 |
11,332.7 |
10,883.6 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Cost of sales |
11,720.5 |
10,035.8 |
8,469.6 |
10,473.9 |
10,093.3 |
|
Employees'' salaries and bonuses |
295.7 |
269.6 |
254.2 |
259.4 |
227.8 |
|
Expense-Accr.Retire |
22.4 |
18.4 |
24.5 |
15.7 |
13.6 |
|
Other Selling/General/Admin. Expense |
0.0 |
- |
- |
- |
- |
|
Outsourcing Expense |
94.9 |
89.4 |
84.9 |
82.7 |
78.1 |
|
Res-Doubt.Acct.Allow |
1.4 |
1.0 |
1.2 |
3.9 |
4.6 |
|
Other SG&A |
338.7 |
308.7 |
301.4 |
307.6 |
268.5 |
|
Provision For Loss On Litigation |
11.5 |
- |
- |
- |
- |
|
Loss on withdrawing from pension fund |
8.8 |
- |
- |
- |
- |
|
SP G on Negative Goodwill |
0.0 |
-1.2 |
0.0 |
- |
- |
|
SP Reversal G on allow.doubt.accounts |
0.0 |
-5.7 |
-10.6 |
-4.8 |
-3.3 |
|
SP Impairment Loss |
5.6 |
2.9 |
1.5 |
53.9 |
6.7 |
|
Val.Loss-Invest.Sec |
8.4 |
6.5 |
4.7 |
6.8 |
2.7 |
|
SP L on withdrawing from pension fund |
- |
0.0 |
- |
- |
- |
|
SP L on adj. for changes of acc. assets |
0.0 |
5.1 |
0.0 |
- |
- |
|
SP Loss on disaster |
0.0 |
6.6 |
0.0 |
- |
- |
|
SP Val. of Inventories |
- |
- |
0.0 |
5.6 |
0.0 |
|
SP Loss Valuation Asset for SP Projects |
- |
- |
0.0 |
46.0 |
7.3 |
|
L.Allow.Doubt.Affil. |
- |
- |
0.0 |
0.1 |
1.5 |
|
Res.L.Debt Guarant. |
- |
- |
0.0 |
0.8 |
0.0 |
|
SP Allow Doubtful SP Project |
- |
- |
0.0 |
25.4 |
7.6 |
|
SP Reserve litigation loss |
- |
0.0 |
0.0 |
0.6 |
0.2 |
|
SP Reserve prior directors' retir.bene. |
- |
- |
- |
0.0 |
3.8 |
|
SP Special retirement benefits |
- |
- |
0.0 |
1.4 |
0.0 |
|
SP Loss on litigation |
- |
0.0 |
5.7 |
0.0 |
- |
|
Total Operating Expense |
12,507.9 |
10,737.1 |
9,137.1 |
11,279.1 |
10,712.3 |
|
|
|
|
|
|
|
|
Interest Income |
6.0 |
6.7 |
7.6 |
10.6 |
12.9 |
|
Dividend Income |
9.9 |
13.9 |
7.4 |
7.6 |
10.1 |
|
Gain-Equity Method |
- |
0.0 |
- |
0.0 |
9.5 |
|
Equity in earnings of affiliates |
3.4 |
0.0 |
6.1 |
0.0 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
Other Non-op. Income |
12.0 |
15.5 |
13.9 |
14.0 |
12.4 |
|
Interest Expense |
-51.8 |
-50.7 |
-46.9 |
-54.4 |
-59.2 |
|
Loss-Equity Method |
0.0 |
-4.4 |
-9.4 |
-7.7 |
0.0 |
|
NOP Foreign exchange losses |
-7.1 |
-4.8 |
0.0 |
- |
- |
|
Other Non-op.Expense |
-18.8 |
-20.2 |
-21.2 |
-28.8 |
-19.6 |
|
SP Sale Gain-Fixed Asst |
0.5 |
0.6 |
2.4 |
0.7 |
1.4 |
|
SP Sale Gain-Invest.Sec |
3.3 |
5.8 |
6.6 |
10.1 |
135.3 |
|
Gain on liquidation or reorganization of |
0.1 |
0.0 |
2.5 |
0.0 |
- |
|
SP Disposal-Fixed Asset |
-1.3 |
-1.1 |
-1.7 |
-3.0 |
-3.8 |
|
SP Affili.Liquid.Loss |
-15.0 |
0.0 |
-1.2 |
-0.3 |
-15.1 |
|
SP Sale Loss-Invest.Sec |
-6.9 |
-5.4 |
-2.2 |
-1.5 |
-1.8 |
|
SP Loss on business liquidations |
- |
0.0 |
-3.2 |
0.0 |
- |
|
Net Income Before Taxes |
171.3 |
152.1 |
90.5 |
0.8 |
253.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
76.3 |
28.5 |
38.9 |
111.9 |
73.0 |
|
Net Income After Taxes |
95.1 |
123.6 |
51.6 |
-111.1 |
180.5 |
|
|
|
|
|
|
|
|
Minority interests in income |
-17.7 |
-16.5 |
-13.6 |
-16.1 |
-14.1 |
|
Net Income Before Extra. Items |
77.4 |
107.1 |
38.0 |
-127.2 |
166.4 |
|
Net Income |
77.4 |
107.1 |
38.0 |
-127.2 |
166.4 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Bonus to Directors |
- |
- |
- |
- |
0.0 |
|
Adjustment |
- |
-0.1 |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
418.6 |
418.4 |
418.3 |
418.4 |
418.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Basic EPS Including ExtraOrdinary Item |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
77.4 |
107.1 |
38.0 |
-127.3 |
166.4 |
|
Diluted Weighted Average Shares |
418.6 |
418.4 |
418.3 |
418.4 |
418.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
Diluted EPS Including ExtraOrd Items |
0.18 |
0.26 |
0.09 |
-0.30 |
0.40 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
206.4 |
166.8 |
94.3 |
133.4 |
282.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
91.9 |
31.3 |
40.5 |
158.3 |
81.3 |
|
Normalized Income After Taxes |
114.5 |
135.6 |
53.7 |
-24.9 |
201.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
96.8 |
119.0 |
40.1 |
-41.1 |
186.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.23 |
0.28 |
0.10 |
-0.10 |
0.45 |
|
Diluted Normalized EPS |
0.23 |
0.28 |
0.10 |
-0.10 |
0.45 |
|
Interest Expense |
51.8 |
50.7 |
46.9 |
54.4 |
59.2 |
|
Depreciation |
32.4 |
29.8 |
33.0 |
32.2 |
28.9 |
|
Total Research And Development Expense |
5.6 |
4.6 |
3.9 |
5.2 |
3.0 |
|
Reported operating profit |
271.3 |
210.4 |
131.1 |
189.4 |
197.8 |
|
Reported ordinary profit |
224.8 |
166.4 |
88.6 |
130.6 |
164.0 |
|
Service cost |
15.6 |
15.4 |
16.5 |
12.8 |
11.2 |
|
Interest cost |
2.9 |
2.6 |
3.1 |
2.8 |
2.5 |
|
Expected return on plan asset |
-2.5 |
-2.0 |
-1.8 |
-2.2 |
-2.0 |
|
Actuarial G/L |
5.5 |
3.7 |
5.8 |
0.9 |
-0.5 |
|
Prior service cost |
0.9 |
0.9 |
0.8 |
0.7 |
1.7 |
|
Transit. L. to Defined Contribution Plan |
1.0 |
-1.3 |
- |
- |
- |
|
Other |
- |
- |
- |
0.9 |
0.8 |
|
Domestic Pension Plan Expense |
23.4 |
19.3 |
24.5 |
15.9 |
13.7 |
|
Defined Contribution Expense - Domestic |
- |
- |
0.9 |
- |
- |
|
Total Pension Expense |
23.4 |
19.3 |
25.3 |
15.9 |
13.7 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
1.10% |
- |
- |
- |
- |
|
Disount rate |
- |
1.50% |
1.50% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
1.50% |
- |
- |
- |
- |
|
Expected rate of return |
- |
1.50% |
1.50% |
1.50% |
1.50% |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
859.8 |
832.7 |
896.3 |
800.1 |
751.1 |
|
Notes and accounts receivable-trade |
1,988.0 |
1,768.2 |
1,425.0 |
1,462.7 |
1,894.9 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Lease Investment Assets |
8.1 |
7.3 |
5.9 |
3.0 |
0.0 |
|
Marketable Sec. |
- |
- |
0.0 |
0.2 |
0.1 |
|
Other Total Inventory |
0.0 |
- |
- |
- |
- |
|
Inventories |
- |
- |
- |
- |
722.0 |
|
Inventories - merchandise&finished goods |
663.1 |
658.7 |
564.9 |
578.1 |
- |
|
Inventories - real est. held for sale |
8.7 |
11.1 |
10.1 |
9.9 |
- |
|
Inventories - raw materials&supplies |
12.6 |
12.6 |
11.3 |
12.9 |
- |
|
Inventories - work-in-process |
9.0 |
6.4 |
11.1 |
8.9 |
- |
|
Short-term loans receivable |
11.8 |
21.0 |
24.3 |
28.1 |
31.7 |
|
Dfrd. Tax Assets |
40.3 |
43.2 |
19.0 |
20.5 |
56.0 |
|
Other Curr.Asset |
269.2 |
254.1 |
290.2 |
285.7 |
395.3 |
|
Doubtful Account |
-3.6 |
-4.3 |
-4.5 |
-7.8 |
-10.1 |
|
Total Current Assets |
3,867.0 |
3,611.0 |
3,253.7 |
3,202.3 |
3,840.9 |
|
|
|
|
|
|
|
|
Leasable Asset |
- |
- |
- |
- |
94.2 |
|
Depreciation-Leasable Asset |
- |
- |
- |
- |
-41.1 |
|
Bldg.&Structure |
- |
- |
- |
- |
145.3 |
|
Depreciation-Bldg.&Structure |
- |
- |
- |
- |
-90.9 |
|
Machinery&Equip |
- |
- |
- |
- |
270.8 |
|
Depreciation-Machinery&Equip |
- |
- |
- |
- |
-203.2 |
|
Other PPE |
0.0 |
- |
- |
- |
- |
|
Leased property, net |
24.1 |
30.9 |
29.1 |
29.7 |
- |
|
Buildings and structures, net |
60.5 |
62.1 |
54.8 |
54.6 |
- |
|
Machinery, vehicles, tools, furniture an |
55.1 |
57.7 |
59.5 |
69.7 |
- |
|
Land |
- |
- |
- |
- |
176.6 |
|
Land |
172.3 |
172.4 |
155.4 |
149.0 |
- |
|
Lease assets, net |
15.9 |
13.2 |
3.1 |
1.7 |
- |
|
Construction |
- |
- |
- |
- |
0.5 |
|
Construction |
0.1 |
0.1 |
0.0 |
0.0 |
- |
|
Goodwill |
- |
- |
- |
0.0 |
1.6 |
|
Other Intangible |
- |
- |
- |
20.8 |
27.9 |
|
Total intangible assets |
23.1 |
22.4 |
19.7 |
- |
- |
|
Other LT Investments |
288.9 |
- |
- |
- |
- |
|
Investment Sec. |
- |
312.5 |
389.8 |
383.6 |
477.4 |
|
Invt Secs Noncons, Asc, Affd Cos |
67.4 |
- |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
6.3 |
- |
- |
- |
- |
|
Equity-noncon. sub.&affi. |
- |
68.0 |
- |
- |
- |
|
Inv't partnership--noncon. sub.&affi. |
- |
5.3 |
- |
- |
- |
|
Long-term loans receivable |
70.3 |
153.0 |
139.5 |
136.2 |
143.5 |
|
Bad debts |
22.9 |
169.0 |
161.9 |
196.5 |
204.3 |
|
Deferred tax assets |
131.6 |
160.8 |
149.4 |
150.2 |
172.9 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Assets |
92.1 |
119.4 |
98.2 |
92.3 |
109.7 |
|
Doubtful Account |
-45.3 |
-268.3 |
-248.1 |
-285.7 |
-272.3 |
|
Adjustment |
- |
0.0 |
- |
0.0 |
- |
|
Total Assets |
4,852.2 |
4,689.5 |
4,266.0 |
4,200.9 |
5,058.0 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
1,322.5 |
1,160.0 |
969.2 |
933.6 |
1,322.1 |
|
Exchange Bill |
360.1 |
327.2 |
252.5 |
144.3 |
253.2 |
|
Short-term loans payable |
952.2 |
460.6 |
508.3 |
1,048.2 |
895.0 |
|
Current LT debt |
- |
751.9 |
606.1 |
- |
- |
|
Lease |
8.8 |
6.9 |
3.5 |
1.5 |
0.0 |
|
Income Tax Pybl. |
22.6 |
18.8 |
9.3 |
23.1 |
23.9 |
|
Dfrd. Tax Liab. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rounding adjustment Liability |
0.0 |
- |
- |
- |
- |
|
Asset retirement obligations |
0.4 |
0.1 |
0.0 |
- |
- |
|
Other Curr.Liab. |
329.4 |
316.5 |
338.0 |
373.7 |
432.6 |
|
Total Current Liabilities |
2,996.1 |
3,041.9 |
2,686.9 |
2,524.5 |
2,926.8 |
|
|
|
|
|
|
|
|
Long-term loans payable |
1,000.2 |
882.5 |
952.2 |
1,114.4 |
1,352.5 |
|
Lease |
16.9 |
15.1 |
6.0 |
3.5 |
0.0 |
|
Total Long Term Debt |
1,017.1 |
897.5 |
958.1 |
1,117.9 |
1,352.5 |
|
|
|
|
|
|
|
|
Dfrd. Tax Liab. |
1.9 |
4.4 |
4.2 |
2.9 |
1.7 |
|
Res-Accr.Retire |
33.2 |
30.4 |
28.3 |
29.0 |
43.5 |
|
Provision For Loss On Litigation |
11.0 |
- |
- |
- |
- |
|
Res-Guarant.Loss |
- |
- |
- |
0.0 |
0.8 |
|
Provision for loss on litigation |
- |
0.0 |
0.0 |
6.2 |
5.6 |
|
Asset retirement obligations |
10.0 |
10.2 |
0.0 |
- |
- |
|
Provision for directors'' retirement ben |
6.5 |
7.4 |
7.0 |
6.9 |
6.9 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Neg. Goodwill |
- |
0.0 |
1.4 |
0.9 |
0.0 |
|
Other Liabillity |
96.6 |
99.5 |
89.9 |
87.1 |
94.9 |
|
Minor. Interest |
206.2 |
198.8 |
180.7 |
173.1 |
167.3 |
|
Total Liabilities |
4,378.7 |
4,290.1 |
3,956.6 |
3,948.4 |
4,600.0 |
|
|
|
|
|
|
|
|
Rounding adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
337.2 |
335.2 |
297.3 |
281.3 |
279.1 |
|
Total capital surpluses |
335.0 |
333.1 |
295.8 |
279.9 |
277.7 |
|
Unreal.Gain-Land |
0.8 |
0.7 |
0.6 |
0.6 |
0.6 |
|
Total retained earnings |
182.1 |
107.6 |
-2.8 |
-38.3 |
96.0 |
|
Valuation difference on available-for-sa |
1.7 |
-2.0 |
0.6 |
-9.0 |
15.8 |
|
Unreal.Gain-deferred hedge |
6.0 |
-1.7 |
2.8 |
1.8 |
-9.2 |
|
Translation Adj. |
-382.6 |
-366.5 |
-278.1 |
-257.3 |
-195.6 |
|
Treasury Stock |
-6.7 |
-6.9 |
-6.8 |
-6.4 |
-6.5 |
|
Total Equity |
473.5 |
399.4 |
309.5 |
252.5 |
458.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,852.2 |
4,689.5 |
4,266.0 |
4,200.9 |
5,058.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
418.7 |
418.6 |
418.2 |
418.3 |
418.4 |
|
Total Common Shares Outstanding |
418.7 |
418.6 |
418.2 |
418.3 |
418.4 |
|
T/S-Common Stock |
3.8 |
3.9 |
4.3 |
4.2 |
4.1 |
|
Full-Time Employees |
4,770 |
4,770 |
4,871 |
4,874 |
4,544 |
|
Total Number of Shareholders |
27,768 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
30,018 |
32,659 |
32,761 |
32,990 |
|
Long Term Debt Within 1 Year |
482.1 |
751.9 |
606.1 |
400.5 |
282.0 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
453.4 |
- |
- |
- |
- |
|
Long Term Debt Within 2 Years |
- |
398.6 |
587.6 |
486.0 |
390.9 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
385.7 |
- |
- |
- |
- |
|
Long Term Debt Within 3 Years |
- |
365.3 |
263.1 |
470.7 |
475.5 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
73.1 |
- |
- |
- |
- |
|
Long Term Debt Within 4 Years |
- |
70.8 |
75.8 |
109.6 |
406.7 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
88.0 |
- |
- |
- |
- |
|
Long Term Debt Within 5 Years |
- |
47.7 |
25.7 |
48.2 |
79.4 |
|
Long Term Debt After 5 Years |
- |
0.0 |
0.0 |
- |
0.0 |
|
Total Long Term Debt, Supplemental |
1,482.3 |
1,634.3 |
1,558.2 |
1,514.9 |
1,634.5 |
|
Capital lease payment due in 1 year |
8.8 |
6.9 |
3.5 |
1.5 |
0.0 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
7.0 |
- |
- |
- |
- |
|
Capital lease payment due in 2 years |
- |
5.8 |
3.0 |
1.6 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
4.9 |
- |
- |
- |
- |
|
Capital lease payment due in 3 years |
- |
3.8 |
1.9 |
1.1 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
3.5 |
- |
- |
- |
- |
|
Capital lease payment due in 4 years |
- |
2.7 |
0.7 |
0.6 |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
1.2 |
- |
- |
- |
- |
|
Capital lease payment due in 5 years |
- |
2.1 |
0.3 |
0.2 |
- |
|
Capital lease remaining |
0.3 |
- |
- |
- |
- |
|
Capital lease Remaining |
- |
0.7 |
0.0 |
0.0 |
- |
|
Total Capital Leases |
25.7 |
22.0 |
9.5 |
5.0 |
0.0 |
|
Pension obligation |
188.9 |
181.5 |
158.8 |
154.4 |
152.5 |
|
Fair value of plan asset |
139.8 |
135.1 |
119.6 |
97.7 |
100.4 |
|
Funded status |
-49.2 |
-46.4 |
-39.1 |
-56.7 |
-52.1 |
|
Total Funded Status |
-49.2 |
-46.4 |
-39.1 |
-56.7 |
-52.1 |
|
Discount rate |
1.10% |
1.50% |
1.50% |
2.00% |
2.00% |
|
Expected rate of return |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Unrecog. actuarial G/L |
15.9 |
15.2 |
12.2 |
25.5 |
9.3 |
|
Unrecog. prior service cost |
0.0 |
0.9 |
1.6 |
2.2 |
2.9 |
|
Prepaid pension |
0.0 |
0.0 |
3.0 |
0.0 |
3.7 |
|
Accured pension benefit |
-33.2 |
-30.4 |
-28.3 |
-29.0 |
-43.5 |
|
Net Assets Recognized on Balance Sheet |
-17.3 |
-14.3 |
-11.6 |
-1.3 |
-27.5 |
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 |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
171.3 |
152.1 |
90.5 |
0.8 |
253.5 |
|
Depreciation |
32.4 |
29.8 |
33.0 |
32.2 |
28.9 |
|
Loss on provision for litigation |
11.5 |
- |
- |
- |
- |
|
Increase (decrease) in allowance for dou |
-3.1 |
0.7 |
1.7 |
5.3 |
4.8 |
|
Increase (decrease) in provision for ret |
3.0 |
-1.4 |
-2.8 |
-13.4 |
-8.7 |
|
Int. and Div. Income |
-15.9 |
-20.6 |
-15.0 |
-18.2 |
-23.1 |
|
Interest Expense |
51.8 |
50.7 |
46.9 |
54.4 |
59.2 |
|
Equity in (earnings) losses of affiliate |
-3.4 |
4.4 |
9.4 |
7.7 |
-9.5 |
|
Loss (gain) on disposal of noncurrent as |
0.8 |
0.5 |
-0.7 |
2.3 |
2.3 |
|
Loss on withdrawing for pension fund |
8.8 |
- |
- |
- |
- |
|
Loss on disaster |
0.0 |
6.6 |
0.0 |
- |
- |
|
Loss on withdrawing for pension fund |
- |
0.0 |
- |
- |
- |
|
Loss on adjustment for changes of accoun |
0.0 |
5.1 |
0.0 |
- |
- |
|
Impairment Loss |
5.6 |
2.9 |
1.5 |
53.9 |
6.7 |
|
Loss (gain) on sales of investment secur |
3.6 |
-0.4 |
-4.3 |
-8.7 |
-133.4 |
|
Loss (gain) on valuation of investment s |
8.4 |
6.5 |
4.7 |
6.8 |
2.7 |
|
Gain on reversal of allowance for doubtf |
0.0 |
-5.7 |
-10.6 |
-4.8 |
-3.3 |
|
L.Liquid.Affil. |
15.0 |
0.0 |
1.2 |
0.3 |
15.1 |
|
L. Valuation Asset SP Project |
- |
- |
0.0 |
46.0 |
7.3 |
|
Res.Affil.Allow.Doub |
- |
- |
0.0 |
0.1 |
1.5 |
|
Res. SP Project Allow Doubtful |
- |
- |
0.0 |
25.4 |
7.6 |
|
Res.L.Debt.Guarant. |
- |
- |
- |
- |
0.0 |
|
Reserve litigation loss |
- |
0.0 |
0.0 |
0.6 |
0.2 |
|
Reserve for prior director retie. bene. |
- |
- |
- |
0.0 |
3.8 |
|
Loss on litigation |
- |
0.0 |
5.7 |
0.0 |
- |
|
Decrease (increase) in notes and account |
-205.8 |
-247.0 |
115.5 |
437.6 |
37.7 |
|
Decrease (increase) in inventories |
-8.2 |
-36.2 |
50.1 |
62.8 |
-23.6 |
|
Increase (decrease) in notes and account |
251.3 |
162.8 |
103.2 |
-488.1 |
-70.3 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Payments for cancellation of leases |
-10.5 |
- |
- |
- |
- |
|
Payments for withdrawing from pension fu |
-8.8 |
- |
- |
- |
- |
|
Director Bonus Paid |
- |
- |
- |
- |
0.0 |
|
Other, net |
-21.5 |
40.0 |
-58.0 |
49.6 |
52.2 |
|
Int. and Div. Rcvd. |
14.5 |
19.8 |
14.8 |
17.6 |
28.3 |
|
Interest Paid |
-52.0 |
-51.2 |
-47.1 |
-54.4 |
-59.9 |
|
Payments for withdrawing from pension fu |
- |
0.0 |
- |
- |
- |
|
Payments for cancellation of leases |
- |
0.0 |
- |
- |
- |
|
Taxes Paid |
-48.4 |
-27.3 |
-43.0 |
-45.1 |
-54.8 |
|
Payments for loss on litigation |
- |
0.0 |
-12.3 |
0.0 |
- |
|
Payments for loss on disaster |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Change in Consolidat |
- |
- |
- |
6.9 |
0.1 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
200.4 |
91.3 |
284.5 |
177.8 |
125.2 |
|
|
|
|
|
|
|
|
Decrease (increase) in time deposits |
17.0 |
206.0 |
-203.4 |
-0.7 |
0.2 |
|
Purchase of property, plant and equipmen |
-27.5 |
-14.1 |
-12.6 |
-31.1 |
-17.0 |
|
Proceeds from sales of property, plant a |
8.3 |
4.9 |
12.0 |
6.2 |
14.2 |
|
Purch-Intang.Asset |
-7.3 |
-7.8 |
-10.7 |
-4.9 |
-6.1 |
|
Purch-Investment Sec |
-1.5 |
-5.3 |
-11.8 |
-1.8 |
-12.1 |
|
Sale-Investment Sec. |
16.9 |
14.9 |
10.2 |
19.9 |
250.0 |
|
Subsi. Change in Scope of Consolidation |
- |
- |
- |
- |
0.0 |
|
Purch.Subsid.Stock |
0.0 |
-2.5 |
-2.6 |
0.0 |
- |
|
Sale Subsid.Stock |
- |
- |
- |
0.0 |
41.7 |
|
Liquidation dividend received |
- |
- |
- |
0.0 |
4.9 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Loan Extended |
-25.1 |
-32.5 |
-22.1 |
-25.3 |
-47.1 |
|
Loan Recovered |
33.0 |
40.8 |
31.7 |
33.5 |
99.2 |
|
Other, net |
2.7 |
-2.1 |
3.3 |
0.6 |
11.4 |
|
Cash from Investing Activities |
16.3 |
202.2 |
-206.0 |
-3.7 |
339.4 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
10.0 |
-107.3 |
-179.3 |
33.0 |
-243.5 |
|
Proceeds from long-term loans payable |
632.8 |
566.3 |
393.9 |
148.3 |
313.6 |
|
Repayment of long-term loans payable |
-801.6 |
-684.8 |
-437.3 |
-281.4 |
-452.3 |
|
Proc.from Minority |
0.5 |
0.0 |
0.6 |
1.0 |
1.4 |
|
Other, net |
-11.5 |
-15.4 |
-10.2 |
-6.6 |
-3.1 |
|
Cash from Financing Activities |
-169.8 |
-241.1 |
-232.1 |
-105.6 |
-384.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-6.8 |
-19.6 |
1.1 |
-26.5 |
-2.2 |
|
Net Change in Cash |
40.1 |
32.8 |
-152.5 |
42.0 |
78.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
853.9 |
754.1 |
846.3 |
740.8 |
572.8 |
|
Net Cash - Ending Balance |
894.0 |
786.8 |
693.8 |
782.8 |
651.2 |
|
Cash Interest Paid |
52.0 |
51.2 |
47.1 |
54.4 |
59.9 |
|
Cash Taxes Paid |
48.4 |
27.3 |
43.0 |
45.1 |
54.8 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Annual Ratios
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.