MIRA INFORM REPORT
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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
UEX, LTD. |
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Registered Office : |
2-2-24 Higashi-Shinagawa, Tokyo, 140-8630 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
14.01.1955 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacture
and sale of metal materials, metallic processed products and machinery |
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No. of Employees : |
429 |
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 : |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
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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
UEX, LTD.
2-2-24 Higashi-Shinagawa
Tokyo, 140-8630
Japan
Tel: 81-3-54606500
Fax: 81-3-54606409
Web: www.uex-ltd.co.jp
synthesis
Employees: 429
Company Type: Public Independent
Traded: Osaka
Stock Exchange: 9888
Incorporation Date:
14-Jan-1955
Auditor: Seishin & Co.
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Japanese
Yen
Annual Sales: 535.0
1
Net Income: (0.9)
Total Assets: 390.3
2
Market Value: 27.9 (01-Mar-2013)
Business Description
UEX, LTD. is mainly engaged in the manufacture and sale of metal materials, metallic processed products and machinery. The Company operates in three business segments. The Stainless Steel and Other Metallic Material Sales segment offers stainless steel pipes for semiconductor equipment, sells titanium expanded material, and processes and sells foundry pieces, forged parts and machined parts. The Stainless Steel and Other Metallic Fabricated Product Manufacture and Sales segment is engaged in the original equipment manufacturing (OEM) of stainless steel weather covers, the manufacture and sale of stainless pipes and stainless steel processed products. The Manufacture and Sale of Machinery Equipment and Engineering segment is engaged in the design and manufacture of general industrial machinery equipment, as well as the manufacture and sale of steel pipe manufacturing equipment and steel pipe precision processing components. For the nine months ended 31 December 2012, UEX, LTD. revenues decreased 15% to Y27.23B. Net loss applicable to common stockholders increased from Y20.9M to Y233.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Business Of Manufacturing And Selling Stainless Steel And Ot segment loss totaling Y203.9M vs. income of Y30.5M.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3322 - Metal and
Mineral Wholesaling
NACE 2002: 5152 - Wholesale
of metals and ores
NAICS 2002: 42351 - Metal
Service Centers and Other Metal Merchant Wholesalers
UK SIC 2003: 5152 - Wholesale
of metals and ores
UK SIC 2007: 4672 - Wholesale
of metals and metal ores
US SIC 1987: 5051 - Metals Service
Centers and Offices
Key Executives
|
Name |
Title |
|
Noriyuki Kishimoto |
President, Representative Director |
|
Masao Chiba |
Executive Officer, Director of Chitan |
|
Yoshikazu Ikai |
Executive Officer, Manager of Isehara Steel Service Center |
|
Junichi Honda |
Senior Managing Director, Manager of Osaka Office |
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Yoichi Ishimatsu |
Managing Director |
Significant
Developments
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Topic |
#* |
Most Recent Headline |
Date |
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4 |
1-Feb-2013 |
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1 |
UEX,
LTD. Announces Changes in Shareholding Structure; Completes Share Repurchase |
22-May-2012 |
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1 |
21-May-2012 |
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* number of significant developments within the last 12 months
News
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Financial
Summary
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As of 31-Dec-2012 |
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Stock Snapshot
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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
2-2-24 Higashi-Shinagawa
Tokyo, 140-8630
Japan
Tel: 81-3-54606500
Fax: 81-3-54606409
Web: www.uex-ltd.co.jp
Quote Symbol - Exchange
9888 - Osaka Stock
Exchange
Sales JPY(mil): 42,245.5
Assets JPY(mil): 32,157.0
Employees: 429
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 14-Jan-1955
Company Type: Public
Independent
Quoted Status: Quoted
President,
Representative Director:
Noriyuki Kishimoto
Industry Codes
ANZSIC 2006 Codes:
3322 - Metal and Mineral Wholesaling
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
2469 - Other Specialised Machinery and Equipment Manufacturing
NACE 2002 Codes:
5152 - Wholesale of metals and ores
27 - Manufacture of Basic Metals
2924 - Manufacture of other general purpose machinery not
elsewhere classified
NAICS 2002 Codes:
42351 - Metal Service Centers and Other Metal Merchant Wholesalers
333298 - All Other Industrial Machinery Manufacturing
331314 - Secondary Smelting and Alloying of Aluminum
US SIC 1987:
5051 - Metals Service Centers and Offices
3399 - Primary Metal Products, Not Elsewhere Classified
3559 - Special Industry Machinery, Not Elsewhere Classified
UK SIC 2003:
5152 - Wholesale of metals and ores
2924 - Manufacture of other general purpose machinery not
elsewhere classified
27 - Manufacture of Basic Metals
UK SIC 2007:
4672 - Wholesale of metals and metal ores
24 - Manufacture of basic metals
2829 - Manufacture of other general-purpose machinery n.e.c.
Business
Description
UEX, LTD. is
mainly engaged in the manufacture and sale of metal materials, metallic
processed products and machinery. The Company operates in three business
segments. The Stainless Steel and Other Metallic Material Sales segment offers
stainless steel pipes for semiconductor equipment, sells titanium expanded
material, and processes and sells foundry pieces, forged parts and machined
parts. The Stainless Steel and Other Metallic Fabricated Product Manufacture
and Sales segment is engaged in the original equipment manufacturing (OEM) of
stainless steel weather covers, the manufacture and sale of stainless pipes and
stainless steel processed products. The Manufacture and Sale of Machinery
Equipment and Engineering segment is engaged in the design and manufacture of
general industrial machinery equipment, as well as the manufacture and sale of
steel pipe manufacturing equipment and steel pipe precision processing
components. For the nine months ended 31 December 2012, UEX, LTD. revenues
decreased 15% to Y27.23B. Net loss applicable to common stockholders increased
from Y20.9M to Y233.8M. Revenues reflect a decrease in demand for the Company's
products and services due to unfavorable market conditions. Higher net loss
reflects Business Of Manufacturing And Selling Stainless Steel And Ot segment
loss totaling Y203.9M vs. income of Y30.5M.
More Business
Descriptions
Wholesale trade in stainless steel products: bars, pipes and tubes,
plates, sheets and titanium bars, plates and sheets
All Other Fabricated Metal Product Manufacturing
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Executive report
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Board of
Directors |
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Senior Managing Director, Manager of Osaka Office |
Director/Board Member |
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Managing Director |
Director/Board Member |
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President, Representative Director |
Director/Board Member |
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Executive Director |
Director/Board Member |
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Executive Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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President, Representative Director |
President |
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Senior Managing Director, Manager of Osaka Office |
Managing Director |
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Managing Director |
Managing Director |
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Executive Officer, Director of Chitan |
Other |
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Executive Officer, Manager of Isehara Steel Service Center |
Other |
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Executive Officer, Director of General Affairs |
Other |
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Executive Officer, Director of Business Planning |
Other |
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Significant Developments
UEX Ltd Lowers Consolidated Full-year Outlook for FY 2013 Feb 01, 2013
UEX Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 37,700 million to JPY 36,400 million, operating profit from JPY 90 million to JPY 10 million, ordinary profit from JPY 30 million to a loss of JPY 30 million, net profit from a loss of JPY 60 million to a loss of JPY 100 million and earning per share from a loss of JPY 5.41 to a loss of JPY 9.02, for the fiscal year ending March 2013. This is due to the decreased sales.
UEX Ltd Lowers Consolidated Mid-year and Full-year Outlook for FY 2013 Oct 22, 2012
UEX Ltd announced that it has lowered its consolidated mid-year outlook for revenue from JPY 18,200 million to JPY 17,900 million, operating profit from a loss of JPY 100 million to a loss of JPY 120 million, ordinary profit from a loss of JPY 140 million to a loss of JPY 160 million, net profit from a loss of JPY 170 million to a loss of JPY 230 million and earning per share from a loss of JPY 15.25 to a loss of JPY 20.64, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 38,000 million to JPY 37,700 million, operating profit from JPY 110 million to JPY 90 million, ordinary profit from JPY 50 million to JPY 30 million, net profit from a loss of JPY 30 million to a loss of JPY 60 million and earning per share from a loss of JPY 2.71 to a loss of JPY 5.41, for the fiscal year ending March 2013 The Company lowered the outlook due to the decreased demands and the lower selling price, among others.
UEX, LTD. Lowers Consolidated Mid-year and Full-year Outlook for FY Ending March 31, 2013; Cancels Year-end Dividend Payment Plan for FY Ending March 2013 Aug 03, 2012
UEX, LTD. announced that it has lowered its consolidated mid-year outlook for revenue from JPY 21,400 million to JPY 18,200 million, operating profit (loss) from JPY 140 million to JPY (100 million), ordinary profit (loss) from JPY 110 million to JPY (140 million), net profit (loss) from JPY 140 million to JPY (170 million) and earning per share (loss) from JPY 12.21 to JPY (15.25) for the fiscal year ending March 31, 2013. The Company also lowered its consolidated full-year outlook for revenue from JPY 43,300 million to JPY 38,000 million, operating profit from JPY 440 million to JPY 110 million, ordinary profit from JPY 400 million to JPY 50 million, net profit (loss) from JPY 410 million to JPY (30 million) and earning per share (loss) from JPY 35.75 to JPY (2.71) for the same fiscal year. The Company also resolved to cancel its year-end dividend of JPY 5.50 per share, which was announced on May 11, 2012, for the same fiscal year.
UEX, LTD. Announces Changes in Shareholding Structure; Completes Share Repurchase May 22, 2012
UEX, LTD.
announced that there were some changes in its shareholding structure, on May
22, 2012. A Japan-based company, became the third major shareholder of the
Company, with 6.35% voting rights (6,995 voting rights) in the Company, down
from 10.44% (11,968 voting rights). The Company also completed share
repurchase, which was announced on May 21, 2012. The Company repurchased
450,000 shares of its common stock at the price of JPY 199 per share, or JPY
89,550,000 in total, on Osaka Securities Exchange J-NET, on May 22, 2012.
UEX, LTD. to
Repurchase Shares May 21, 2012
UEX, LTD.
announced that it has decided to repurchase 450,000 shares of its common stock,
which is approximately 3.9% of total shares outstanding, for JPY 89,550,000 in
total, on May 22, 2012.
UEX, LTD. Lowers
Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2012 Apr
24, 2012
UEX, LTD.
announced that it has lowered the consolidated full-year outlook for revenue
from JPY 43,000 million to JPY 42,200 million, operating profit from JPY 185
million to JPY 155 million, ordinary profit from JPY 120 million to JPY 95
million, net profit (loss) from JPY 5 million to JPY (75 million) and earning
(loss) per share from JPY 0.43 to JPY (6.50) for the fiscal year ended March
31, 2012. The negative outlook is mainly due to lower-than-expected demand for
product and record of deferred tax asset. The Company has also lowered year-end
dividend forecast from JPY 7 per share, disclosed on May 13, 2011, to JPY 2 per
share, for the fiscal year ended March 31, 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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
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|
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Net Sales |
535.0 |
473.1 |
372.3 |
546.9 |
630.2 |
|
Revenue |
535.0 |
473.1 |
372.3 |
546.9 |
630.2 |
|
Total Revenue |
535.0 |
473.1 |
372.3 |
546.9 |
630.2 |
|
|
|
|
|
|
|
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Cost of Revenue |
465.4 |
405.7 |
340.7 |
488.2 |
539.9 |
|
Cost of Revenue, Total |
465.4 |
405.7 |
340.7 |
488.2 |
539.9 |
|
Gross Profit |
69.6 |
67.4 |
31.6 |
58.8 |
90.3 |
|
|
|
|
|
|
|
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Selling/General/Administrative Expense |
27.6 |
25.9 |
23.2 |
25.2 |
25.2 |
|
Labor & Related Expense |
36.1 |
30.8 |
26.2 |
27.9 |
24.8 |
|
Total Selling/General/Administrative Expenses |
63.7 |
56.8 |
49.5 |
53.1 |
50.0 |
|
Depreciation |
3.9 |
3.4 |
3.3 |
3.3 |
1.6 |
|
Depreciation/Amortization |
3.9 |
3.4 |
3.3 |
3.3 |
1.6 |
|
Impairment-Assets Held for Use |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Impairment-Assets Held for Sale |
0.0 |
0.0 |
0.0 |
1.3 |
0.5 |
|
Other Unusual Expense (Income) |
-0.2 |
0.4 |
-0.4 |
0.1 |
-0.1 |
|
Unusual Expense (Income) |
-0.1 |
0.4 |
-0.4 |
1.4 |
0.4 |
|
Other Operating Expense |
0.0 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
532.9 |
466.3 |
393.1 |
546.0 |
591.9 |
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|
|
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Operating Income |
2.1 |
6.8 |
-20.8 |
0.9 |
38.2 |
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|
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|
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|
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Interest Expense -
Non-Operating |
-1.5 |
-1.6 |
-1.8 |
-2.2 |
-1.9 |
|
Interest Expense, Net Non-Operating |
-1.5 |
-1.6 |
-1.8 |
-2.2 |
-1.9 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Investment Income -
Non-Operating |
0.5 |
1.0 |
0.4 |
0.5 |
0.3 |
|
Interest/Investment Income - Non-Operating |
0.5 |
1.0 |
0.5 |
0.5 |
0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.0 |
-0.6 |
-1.3 |
-1.7 |
-1.6 |
|
Gain (Loss) on Sale of Assets |
-0.5 |
-0.3 |
-0.4 |
-0.1 |
-0.7 |
|
Other Non-Operating Income (Expense) |
0.6 |
0.4 |
1.1 |
0.3 |
0.3 |
|
Other, Net |
0.6 |
0.4 |
1.1 |
0.3 |
0.3 |
|
Income Before Tax |
1.2 |
6.3 |
-21.4 |
-0.6 |
36.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
2.1 |
-0.7 |
-0.4 |
2.1 |
14.6 |
|
Income After Tax |
-1.0 |
7.0 |
-21.0 |
-2.7 |
21.7 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.0 |
0.2 |
0.0 |
-0.1 |
|
Net Income Before Extraord Items |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
Net Income |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
- |
- |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
- |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Basic EPS Excl Extraord Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Basic/Primary EPS Incl Extraord Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
Diluted Weighted Average Shares |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Diluted EPS Excl Extraord Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Diluted EPS Incl Extraord Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Dividends per Share - Common Stock Primary Issue |
0.03 |
0.09 |
0.02 |
0.06 |
0.50 |
|
Gross Dividends - Common Stock |
0.3 |
1.0 |
0.3 |
0.7 |
4.5 |
|
Interest Expense, Supplemental |
1.5 |
1.6 |
1.8 |
2.2 |
1.9 |
|
Depreciation, Supplemental |
4.3 |
3.8 |
3.7 |
3.8 |
2.0 |
|
Total Special Items |
0.4 |
0.7 |
0.1 |
1.9 |
1.5 |
|
Normalized Income Before Tax |
1.6 |
7.0 |
-21.3 |
1.4 |
37.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
0.2 |
0.0 |
0.5 |
0.5 |
|
Inc Tax Ex Impact of Sp Items |
2.3 |
-0.5 |
-0.4 |
2.7 |
15.0 |
|
Normalized Income After Tax |
-0.7 |
7.4 |
-21.0 |
-1.3 |
22.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-0.6 |
7.4 |
-20.8 |
-1.3 |
22.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.06 |
0.62 |
-1.74 |
-0.11 |
1.89 |
|
Diluted Normalized EPS |
-0.06 |
0.62 |
-1.74 |
-0.11 |
1.89 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
0.0 |
0.4 |
0.4 |
|
Rental Expenses |
3.5 |
3.0 |
3.1 |
2.9 |
2.8 |
|
Reported Operating Profit |
2.0 |
7.2 |
-21.2 |
2.3 |
38.7 |
|
Reported Ordinary Profit |
1.2 |
6.7 |
-21.8 |
0.3 |
36.7 |
|
Normalized EBIT |
2.0 |
7.2 |
-21.1 |
2.3 |
38.7 |
|
Normalized EBITDA |
6.3 |
11.0 |
-17.4 |
6.6 |
41.1 |
|
Current Tax - Total |
1.2 |
- |
- |
- |
- |
|
Current Tax - Total |
1.2 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Income Tax - Total |
2.1 |
- |
- |
- |
- |
|
Interest Cost - Domestic |
0.6 |
- |
0.5 |
0.5 |
0.4 |
|
Service Cost - Domestic |
2.7 |
- |
2.2 |
2.1 |
1.6 |
|
Expected Return on Assets - Domestic |
-0.3 |
- |
-0.1 |
-0.7 |
-1.3 |
|
Actuarial Gains and Losses - Domestic |
1.1 |
- |
0.4 |
0.1 |
-0.9 |
|
Domestic Pension Plan Expense |
4.0 |
- |
3.1 |
2.0 |
-0.2 |
|
Total Pension Expense |
4.0 |
- |
3.1 |
2.0 |
-0.2 |
|
Discount Rate - Domestic |
1.80% |
- |
1.33% |
1.48% |
1.48% |
|
Expected Rate of Return - Domestic |
2.19% |
- |
0.20% |
2.70% |
4.59% |
|
Total Plan Interest Cost |
0.6 |
- |
0.5 |
0.5 |
0.4 |
|
Total Plan Service Cost |
2.7 |
- |
2.2 |
2.1 |
1.6 |
|
Total Plan Expected Return |
-0.3 |
- |
-0.1 |
-0.7 |
-1.3 |
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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
25.2 |
20.7 |
21.6 |
19.4 |
24.1 |
|
Cash and Short Term Investments |
25.2 |
20.7 |
21.6 |
19.4 |
24.1 |
|
Accounts Receivable -
Trade, Gross |
147.7 |
137.2 |
103.9 |
119.5 |
171.8 |
|
Provision for Doubtful
Accounts |
-0.1 |
-0.1 |
-0.1 |
-0.6 |
-0.8 |
|
Trade Accounts Receivable - Net |
147.7 |
137.2 |
103.8 |
118.9 |
171.0 |
|
Total Receivables, Net |
147.7 |
137.2 |
103.8 |
118.9 |
171.0 |
|
Inventories - Finished Goods |
93.9 |
86.5 |
72.8 |
107.9 |
132.2 |
|
Inventories - Work In Progress |
2.1 |
0.5 |
0.4 |
1.6 |
3.9 |
|
Inventories - Raw Materials |
1.4 |
1.3 |
1.3 |
0.9 |
0.9 |
|
Total Inventory |
97.4 |
88.3 |
74.5 |
110.4 |
137.0 |
|
Deferred Income Tax - Current Asset |
1.5 |
1.8 |
0.8 |
1.3 |
3.4 |
|
Other Current Assets |
4.2 |
5.5 |
4.6 |
7.0 |
8.4 |
|
Other Current Assets, Total |
5.7 |
7.3 |
5.4 |
8.3 |
11.8 |
|
Total Current Assets |
275.9 |
253.4 |
205.4 |
257.0 |
343.9 |
|
|
|
|
|
|
|
|
Buildings |
42.1 |
42.1 |
37.4 |
35.3 |
33.1 |
|
Land/Improvements |
67.0 |
67.3 |
59.7 |
56.5 |
56.0 |
|
Machinery/Equipment |
29.8 |
29.9 |
27.9 |
25.6 |
24.6 |
|
Construction in
Progress |
0.0 |
0.2 |
0.0 |
0.0 |
0.7 |
|
Other
Property/Plant/Equipment |
5.4 |
5.7 |
5.2 |
5.3 |
3.8 |
|
Property/Plant/Equipment - Gross |
144.3 |
145.1 |
130.2 |
122.7 |
118.2 |
|
Accumulated Depreciation |
-62.6 |
-61.8 |
-54.1 |
-49.0 |
-46.3 |
|
Property/Plant/Equipment - Net |
81.6 |
83.3 |
76.1 |
73.7 |
71.9 |
|
Goodwill, Net |
- |
- |
- |
0.0 |
0.4 |
|
Intangibles, Net |
4.7 |
4.2 |
3.4 |
2.4 |
2.6 |
|
LT Investment - Affiliate Companies |
3.9 |
- |
- |
- |
- |
|
LT Investments - Other |
12.5 |
16.2 |
13.6 |
10.0 |
12.9 |
|
Long Term Investments |
16.4 |
16.2 |
13.6 |
10.0 |
12.9 |
|
Deferred Income Tax - Long Term Asset |
7.0 |
7.4 |
6.0 |
5.6 |
2.2 |
|
Other Long Term Assets |
4.7 |
4.8 |
4.4 |
4.1 |
4.8 |
|
Other Long Term Assets, Total |
11.7 |
12.2 |
10.4 |
9.8 |
7.0 |
|
Total Assets |
390.3 |
369.3 |
308.9 |
352.9 |
438.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
170.5 |
151.6 |
108.2 |
141.4 |
214.3 |
|
Accrued Expenses |
2.1 |
2.6 |
1.0 |
2.0 |
3.8 |
|
Notes Payable/Short Term Debt |
64.8 |
63.8 |
66.0 |
61.2 |
58.8 |
|
Current Portion - Long Term Debt/Capital Leases |
5.2 |
6.0 |
9.0 |
7.2 |
5.5 |
|
Income Taxes Payable |
1.0 |
0.9 |
0.2 |
0.3 |
5.6 |
|
Other Current Liabilities |
6.2 |
3.3 |
4.1 |
5.0 |
7.4 |
|
Other Current liabilities, Total |
7.2 |
4.2 |
4.3 |
5.3 |
13.1 |
|
Total Current Liabilities |
249.9 |
228.1 |
188.4 |
217.1 |
295.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
9.1 |
8.5 |
10.2 |
13.9 |
14.1 |
|
Capital Lease Obligations |
0.1 |
0.3 |
0.4 |
0.6 |
0.0 |
|
Total Long Term Debt |
9.2 |
8.8 |
10.6 |
14.5 |
14.1 |
|
Total Debt |
79.2 |
78.6 |
85.5 |
82.9 |
78.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
11.1 |
12.6 |
11.2 |
10.6 |
10.5 |
|
Deferred Income Tax |
11.1 |
12.6 |
11.2 |
10.6 |
10.5 |
|
Minority Interest |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Pension Benefits - Underfunded |
11.0 |
9.1 |
6.4 |
4.9 |
4.9 |
|
Other Long Term Liabilities |
0.9 |
1.0 |
1.0 |
0.9 |
0.7 |
|
Other Liabilities, Total |
11.9 |
10.1 |
7.5 |
5.8 |
5.6 |
|
Total Liabilities |
282.4 |
259.9 |
217.9 |
248.5 |
326.1 |
|
|
|
|
|
|
|
|
Common Stock |
18.4 |
18.2 |
16.2 |
15.3 |
15.2 |
|
Common Stock |
18.4 |
18.2 |
16.2 |
15.3 |
15.2 |
|
Additional Paid-In Capital |
12.8 |
12.8 |
11.3 |
10.7 |
10.6 |
|
Retained Earnings (Accumulated Deficit) |
58.3 |
59.9 |
47.0 |
64.4 |
70.1 |
|
Treasury Stock - Common |
-1.9 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Unrealized Gain (Loss) |
20.8 |
18.9 |
16.8 |
14.3 |
16.7 |
|
Translation Adjustment |
-0.4 |
-0.4 |
-0.3 |
-0.2 |
0.0 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Equity, Total |
-0.4 |
-0.4 |
-0.3 |
-0.2 |
0.0 |
|
Total Equity |
107.9 |
109.3 |
91.0 |
104.4 |
112.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
390.3 |
369.3 |
308.9 |
352.9 |
438.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Total Common Shares Outstanding |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
429 |
441 |
451 |
466 |
477 |
|
Number of Common Shareholders |
2,688 |
2,970 |
3,081 |
3,201 |
3,717 |
|
Total Long Term Debt, Supplemental |
14.2 |
- |
18.9 |
20.9 |
19.6 |
|
Long Term Debt Maturing within 1 Year |
5.1 |
- |
8.7 |
7.0 |
5.5 |
|
Long Term Debt Maturing in Year 2 |
4.7 |
- |
4.5 |
7.5 |
5.7 |
|
Long Term Debt Maturing in Year 3 |
2.2 |
- |
2.9 |
3.4 |
6.1 |
|
Long Term Debt Maturing in Year 4 |
1.4 |
- |
2.4 |
1.8 |
1.4 |
|
Long Term Debt Maturing in Year 5 |
0.8 |
- |
0.4 |
1.2 |
0.5 |
|
Long Term Debt Maturing in 2-3 Years |
6.9 |
- |
7.4 |
10.8 |
11.8 |
|
Long Term Debt Maturing in 4-5 Years |
2.1 |
- |
2.7 |
3.0 |
1.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
- |
0.0 |
0.1 |
0.3 |
|
Total Capital Leases, Supplemental |
0.3 |
- |
0.6 |
0.8 |
- |
|
Capital Lease Payments Due in Year 1 |
0.2 |
- |
0.2 |
0.2 |
- |
|
Capital Lease Payments Due in Year 2 |
0.1 |
- |
0.2 |
0.2 |
- |
|
Capital Lease Payments Due in Year 3 |
0.0 |
- |
0.1 |
0.2 |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
- |
0.1 |
0.1 |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.0 |
0.1 |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.1 |
- |
0.3 |
0.4 |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
- |
0.1 |
0.2 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
- |
- |
0.0 |
0.0 |
- |
|
Pension Obligation - Domestic |
40.2 |
- |
37.1 |
33.5 |
32.6 |
|
Plan Assets - Domestic |
24.2 |
- |
20.5 |
24.7 |
27.0 |
|
Funded Status - Domestic |
-16.0 |
- |
-16.6 |
-8.8 |
-5.7 |
|
Total Funded Status |
-16.0 |
- |
-16.6 |
-8.8 |
-5.7 |
|
Discount Rate - Domestic |
1.80% |
- |
1.33% |
1.48% |
1.48% |
|
Expected Rate of Return - Domestic |
2.19% |
- |
0.20% |
2.70% |
4.59% |
|
Prepaid Benefits - Domestic |
- |
- |
- |
- |
0.0 |
|
Accrued Liabilities - Domestic |
-11.0 |
- |
-6.4 |
-4.9 |
-4.9 |
|
Other Assets, Net - Domestic |
-5.1 |
- |
-10.2 |
-3.9 |
-0.8 |
|
Net Assets Recognized on Balance Sheet |
-16.0 |
- |
-16.6 |
-8.8 |
-5.7 |
|
Total Plan Obligations |
40.2 |
- |
37.1 |
33.5 |
32.6 |
|
Total Plan Assets |
24.2 |
- |
20.5 |
24.7 |
27.0 |
|
|
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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1.2 |
6.3 |
-21.4 |
-0.6 |
36.2 |
|
Depreciation |
4.3 |
3.8 |
3.7 |
3.8 |
2.0 |
|
Depreciation/Depletion |
4.3 |
3.8 |
3.7 |
3.8 |
2.0 |
|
Amortization of Acquisition Costs |
- |
- |
0.0 |
0.4 |
0.4 |
|
Amortization |
- |
- |
0.0 |
0.4 |
0.4 |
|
Unusual Items |
-0.2 |
-0.3 |
-1.1 |
0.5 |
-0.2 |
|
Equity in Net Earnings (Loss) |
-0.2 |
-0.8 |
-0.2 |
-0.2 |
0.0 |
|
Other Non-Cash Items |
2.9 |
3.7 |
2.6 |
2.7 |
1.0 |
|
Non-Cash Items |
2.5 |
2.6 |
1.3 |
3.0 |
0.8 |
|
Accounts Receivable |
-7.2 |
-21.5 |
23.2 |
52.5 |
31.4 |
|
Inventories |
-9.0 |
-4.1 |
42.4 |
26.9 |
-43.8 |
|
Other Assets |
1.0 |
0.5 |
2.8 |
-1.1 |
-0.5 |
|
Accounts Payable |
18.7 |
28.6 |
-41.5 |
-73.7 |
4.4 |
|
Accrued Expenses |
-0.5 |
1.4 |
-1.1 |
-1.8 |
-0.1 |
|
Taxes Payable |
0.0 |
-0.2 |
-1.9 |
1.9 |
-0.7 |
|
Other Liabilities |
0.1 |
0.2 |
0.1 |
-0.5 |
-2.0 |
|
Other Operating Cash Flow |
-1.5 |
-1.6 |
-1.2 |
-8.2 |
-26.4 |
|
Changes in Working Capital |
1.6 |
3.3 |
22.7 |
-3.9 |
-37.6 |
|
Cash from Operating Activities |
9.6 |
16.0 |
6.4 |
2.7 |
1.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.7 |
-0.2 |
-1.4 |
-5.9 |
-0.8 |
|
Purchase/Acquisition of Intangibles |
-1.7 |
-1.5 |
-1.6 |
0.0 |
- |
|
Capital Expenditures |
-3.3 |
-1.8 |
-2.9 |
-5.9 |
-0.8 |
|
Sale of Fixed Assets |
0.7 |
0.1 |
0.0 |
0.5 |
0.1 |
|
Sale/Maturity of Investment |
0.5 |
0.5 |
0.5 |
0.8 |
0.9 |
|
Purchase of Investments |
-0.2 |
-0.6 |
-0.5 |
-2.7 |
-2.0 |
|
Other Investing Cash Flow |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Other Investing Cash Flow Items, Total |
1.1 |
-0.1 |
0.1 |
-1.3 |
-1.1 |
|
Cash from Investing Activities |
-2.2 |
-1.9 |
-2.9 |
-7.2 |
-1.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-1.1 |
-0.3 |
-0.3 |
-3.8 |
-4.2 |
|
Total Cash Dividends Paid |
-1.1 |
-0.3 |
-0.3 |
-3.8 |
-4.2 |
|
Repurchase/Retirement
of Common |
-1.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
-1.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
-1.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term Debt Issued |
6.6 |
2.8 |
5.9 |
13.4 |
21.0 |
|
Short Term Debt
Reduction |
-6.1 |
-13.0 |
-11.9 |
-12.2 |
-10.4 |
|
Short Term Debt, Net |
0.6 |
-10.2 |
-6.1 |
1.2 |
10.6 |
|
Long Term Debt Issued |
6.3 |
2.9 |
4.3 |
7.6 |
5.0 |
|
Long Term Debt
Reduction |
-6.7 |
-10.0 |
-0.3 |
-5.2 |
-6.8 |
|
Long Term Debt, Net |
-0.4 |
-7.1 |
4.0 |
2.4 |
-1.7 |
|
Issuance (Retirement) of Debt, Net |
0.2 |
-17.3 |
-2.1 |
3.6 |
8.9 |
|
Cash from Financing Activities |
-2.9 |
-17.6 |
-2.4 |
-0.2 |
4.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
Net Change in Cash |
4.6 |
-3.5 |
1.1 |
-4.8 |
4.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
21.7 |
23.5 |
20.6 |
23.8 |
16.2 |
|
Net Cash - Ending Balance |
26.3 |
20.0 |
21.7 |
19.0 |
21.0 |
|
Cash Interest Paid |
1.4 |
1.7 |
1.8 |
2.0 |
1.9 |
|
Cash Taxes Paid |
1.0 |
0.2 |
0.3 |
6.1 |
24.4 |
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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net sales |
535.0 |
473.1 |
372.3 |
546.9 |
630.2 |
|
Total Revenue |
535.0 |
473.1 |
372.3 |
546.9 |
630.2 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Cost of sales |
465.4 |
405.7 |
340.7 |
488.2 |
539.9 |
|
Packing And Transportation Expenses |
10.2 |
- |
- |
- |
- |
|
Communication Expenses |
1.0 |
- |
- |
- |
- |
|
Supplies Expenses |
2.1 |
- |
- |
- |
- |
|
Rents And Rent Expenses |
3.5 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
10.7 |
- |
- |
- |
- |
|
Provision For Bonuses |
2.0 |
- |
- |
- |
- |
|
Retirement Benefit Expenses |
3.9 |
- |
- |
- |
- |
|
Legal Welfare Expenses |
3.2 |
- |
- |
- |
- |
|
Packing & freight-out costs |
- |
9.2 |
7.8 |
8.4 |
7.9 |
|
Consumable Goods |
- |
1.7 |
1.3 |
1.6 |
1.5 |
|
Payrolls |
27.0 |
24.7 |
22.6 |
24.3 |
22.3 |
|
Provision for bonuses |
- |
2.3 |
0.7 |
1.8 |
2.9 |
|
Prov of Allow.-Dbt Acct-SGA |
0.1 |
0.1 |
0.2 |
0.0 |
- |
|
Periodic retirement benefit costs |
- |
3.8 |
3.0 |
1.8 |
-0.4 |
|
Welfare Expense |
- |
2.9 |
2.6 |
2.8 |
2.7 |
|
Depreciation |
3.9 |
- |
- |
- |
- |
|
Depreciation expense |
- |
3.4 |
3.3 |
3.3 |
1.6 |
|
Communication exp. |
- |
0.9 |
0.9 |
0.9 |
0.8 |
|
Rent expense |
- |
3.0 |
3.1 |
2.9 |
2.8 |
|
Other Reserve |
- |
- |
- |
0.0 |
0.0 |
|
Other SGA |
- |
8.1 |
7.3 |
8.7 |
9.5 |
|
Loss on disaster |
0.1 |
- |
- |
- |
- |
|
Indemnities |
-0.3 |
- |
- |
- |
- |
|
SP Gain-Debt Recovery |
- |
- |
- |
- |
0.0 |
|
SP Rev.Allow.Doubtful |
- |
0.0 |
-0.4 |
0.0 |
-0.3 |
|
SP Compensation Income for damage |
- |
0.0 |
- |
- |
- |
|
Reversal of allowance for doubtful notes |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
SP G on reversal of retire. reserve |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Rev.Bonus Allow. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP Write Off Fixed |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Loss on valuation of investment securiti |
0.0 |
- |
- |
- |
- |
|
SP Loss valuation tele. subscript right |
- |
- |
- |
0.0 |
0.0 |
|
SP Loss Valu. Inv. Secs |
- |
0.0 |
0.0 |
1.3 |
0.5 |
|
SP Loss Valu.Membership |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP Special Retirement |
0.0 |
0.1 |
0.0 |
- |
- |
|
SP L on adj. for change of acct, asset |
0.0 |
0.2 |
0.0 |
- |
- |
|
SP Loss on disaster |
- |
0.0 |
- |
- |
- |
|
SP Allow.Doubtful Acct. |
- |
- |
0.0 |
0.3 |
0.2 |
|
Total Operating Expense |
532.9 |
466.3 |
393.1 |
546.0 |
591.9 |
|
|
|
|
|
|
|
|
SP Gain-sale of LT investment securities |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
SP Gain-Sale Fixed |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
SP G-liquidation of affiliates |
- |
- |
0.0 |
0.5 |
0.0 |
|
SP L liquid. of affiliated companies |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Loss-Sale Fixed |
-0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP L on sales of investment securities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP Loss disposal inventory |
- |
- |
- |
0.0 |
0.0 |
|
NOP Interest Income |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
NOP Dividend Income |
0.3 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Other Non-Operating Income (Expense) |
0.0 |
- |
- |
- |
- |
|
NOP Return Life Insuran. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
NOP Sale Commission Inc. |
0.3 |
0.3 |
0.2 |
0.5 |
0.7 |
|
NOP Equity in earnings of affiliates |
0.2 |
0.8 |
0.2 |
0.2 |
0.0 |
|
NOP Subsidies for employment adjustment |
0.0 |
0.2 |
0.7 |
0.0 |
- |
|
NOP Other Income |
0.3 |
0.1 |
0.3 |
0.2 |
0.0 |
|
NOP Interest expenses |
-1.5 |
-1.6 |
-1.8 |
-2.2 |
-1.9 |
|
NOP Loss-Sale Bills |
-0.4 |
-0.3 |
-0.4 |
-0.7 |
-0.7 |
|
NOP Other Expenses |
0.0 |
-0.3 |
-0.2 |
-0.3 |
-0.4 |
|
Net Income Before Taxes |
1.2 |
6.3 |
-21.4 |
-0.6 |
36.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2.1 |
-0.7 |
-0.4 |
2.1 |
14.6 |
|
Net Income After Taxes |
-1.0 |
7.0 |
-21.0 |
-2.7 |
21.7 |
|
|
|
|
|
|
|
|
Minority interests in income (loss) |
0.1 |
0.0 |
0.2 |
0.0 |
-0.1 |
|
Net Income Before Extra. Items |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
Net Income |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
- |
- |
- |
- |
|
Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Basic EPS Including ExtraOrdinary Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-0.9 |
6.9 |
-20.9 |
-2.7 |
21.6 |
|
Diluted Weighted Average Shares |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
Diluted EPS Including ExtraOrd Items |
-0.08 |
0.58 |
-1.74 |
-0.23 |
1.80 |
|
DPS-Common Stock |
0.03 |
0.09 |
0.02 |
0.06 |
0.50 |
|
Gross Dividends - Common Stock |
0.3 |
1.0 |
0.3 |
0.7 |
4.5 |
|
Normalized Income Before Taxes |
1.6 |
7.0 |
-21.3 |
1.4 |
37.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.3 |
-0.5 |
-0.4 |
2.7 |
15.0 |
|
Normalized Income After Taxes |
-0.7 |
7.4 |
-21.0 |
-1.3 |
22.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-0.6 |
7.4 |
-20.8 |
-1.3 |
22.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.06 |
0.62 |
-1.74 |
-0.11 |
1.89 |
|
Diluted Normalized EPS |
-0.06 |
0.62 |
-1.74 |
-0.11 |
1.89 |
|
Rents And Rent Expenses |
3.5 |
- |
- |
- |
- |
|
Rental expenses |
- |
3.0 |
3.1 |
2.9 |
2.8 |
|
Interest Expense |
1.5 |
1.6 |
1.8 |
2.2 |
1.9 |
|
Amort of Goodwill |
- |
- |
0.0 |
0.4 |
0.4 |
|
Depreciation |
4.3 |
- |
- |
- |
- |
|
Depreciation |
- |
3.8 |
3.7 |
3.8 |
2.0 |
|
Income taxes-current |
1.2 |
- |
- |
- |
- |
|
Current Tax - Total |
1.2 |
- |
- |
- |
- |
|
Income taxes-deferred |
1.0 |
- |
- |
- |
- |
|
Deferred Tax - Total |
1.0 |
- |
- |
- |
- |
|
Income Tax - Total |
2.1 |
- |
- |
- |
- |
|
Reported Operating Profit |
2.0 |
7.2 |
-21.2 |
2.3 |
38.7 |
|
Reported Ordinary Profit |
1.2 |
6.7 |
-21.8 |
0.3 |
36.7 |
|
Service cost |
2.7 |
- |
2.2 |
2.1 |
1.6 |
|
Interest cost |
0.6 |
- |
0.5 |
0.5 |
0.4 |
|
Expected return on plan asset |
-0.3 |
- |
-0.1 |
-0.7 |
-1.3 |
|
Actuarial G/L |
1.1 |
- |
0.4 |
0.1 |
-0.9 |
|
Domestic Pension Plan Expense |
4.0 |
- |
3.1 |
2.0 |
-0.2 |
|
Total Pension Expense |
4.0 |
- |
3.1 |
2.0 |
-0.2 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
1.80% |
- |
- |
- |
- |
|
Discount rate |
- |
- |
1.33% |
1.48% |
1.48% |
|
Expected return on assets(MIN)-Retiremen |
2.19% |
- |
- |
- |
- |
|
Expected rate of return |
- |
- |
0.20% |
2.70% |
4.59% |
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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
25.2 |
20.7 |
21.6 |
19.4 |
24.1 |
|
Notes and accounts receivable-trade |
147.7 |
137.2 |
103.9 |
119.5 |
171.8 |
|
Inventories - merchan.&finished goods |
93.9 |
86.5 |
72.8 |
107.9 |
132.2 |
|
Inventories - work-in-process |
2.1 |
0.5 |
0.4 |
1.6 |
3.9 |
|
Inventories- raw materials&supplies |
1.4 |
1.3 |
1.3 |
0.9 |
0.9 |
|
Deferred Tax |
1.5 |
1.8 |
0.8 |
1.3 |
3.4 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Assets |
4.2 |
5.5 |
4.6 |
7.0 |
8.4 |
|
Doubtful Account |
-0.1 |
-0.1 |
-0.1 |
-0.6 |
-0.8 |
|
Total Current Assets |
275.9 |
253.4 |
205.4 |
257.0 |
343.9 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
42.1 |
42.1 |
37.4 |
35.3 |
33.1 |
|
Accumulated depreciation |
-32.8 |
-32.0 |
-27.8 |
-25.6 |
-24.6 |
|
Machinery, equipment and vehicles |
29.8 |
29.9 |
27.9 |
25.6 |
24.6 |
|
Accumulated depreciation |
-25.6 |
-25.5 |
-22.6 |
-20.0 |
-19.0 |
|
Land |
67.0 |
67.3 |
59.7 |
56.5 |
56.0 |
|
Lease assets, gross |
0.9 |
1.3 |
1.2 |
1.4 |
0.0 |
|
Accumulated depreciation |
-0.6 |
-0.8 |
-0.5 |
-0.6 |
0.0 |
|
Construction in progress |
0.0 |
0.2 |
0.0 |
0.0 |
0.7 |
|
Other PP & E |
4.4 |
4.4 |
4.1 |
3.8 |
3.8 |
|
Accum. depr - Other PP & E |
-3.7 |
-3.5 |
-3.1 |
-2.9 |
-2.7 |
|
Goodwill |
- |
- |
- |
0.0 |
0.4 |
|
Other Intangible |
4.7 |
4.2 |
3.4 |
2.4 |
2.6 |
|
Other LT inv't |
12.5 |
- |
- |
- |
- |
|
Investment Secs. |
- |
16.2 |
13.6 |
10.0 |
12.9 |
|
Claims provable in bankruptcy, claims pr |
1.2 |
1.4 |
1.2 |
1.0 |
0.6 |
|
Deferred tax assets |
7.0 |
7.4 |
6.0 |
5.6 |
2.2 |
|
Other Assets |
4.6 |
4.8 |
4.4 |
4.3 |
4.8 |
|
Doubtful Account |
-1.2 |
-1.4 |
-1.2 |
-1.1 |
-0.6 |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Bonds Invt Noncons, Ascd, Affd Companies |
3.9 |
- |
- |
- |
- |
|
Total Assets |
390.3 |
369.3 |
308.9 |
352.9 |
438.7 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
170.5 |
151.6 |
108.2 |
141.4 |
214.3 |
|
Short-term loans payable |
64.8 |
63.8 |
66.0 |
61.2 |
58.8 |
|
LT Debt (Current) |
5.1 |
5.7 |
8.7 |
7.0 |
5.5 |
|
Current lease obligation |
0.2 |
0.2 |
0.2 |
0.2 |
0.0 |
|
Tax Payable |
1.0 |
0.9 |
0.2 |
0.3 |
5.6 |
|
Bonus Allowance |
2.1 |
2.6 |
1.0 |
2.0 |
3.8 |
|
Other reserves |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Liability |
6.2 |
3.3 |
4.1 |
5.0 |
7.4 |
|
Total Current Liabilities |
249.9 |
228.1 |
188.4 |
217.1 |
295.4 |
|
|
|
|
|
|
|
|
Long-term loans payable |
9.1 |
8.5 |
10.2 |
13.9 |
14.1 |
|
Lease obligation |
0.1 |
0.3 |
0.4 |
0.6 |
0.0 |
|
Total Long Term Debt |
9.2 |
8.8 |
10.6 |
14.5 |
14.1 |
|
|
|
|
|
|
|
|
Valu.-Dfrd. Tax |
11.1 |
12.6 |
11.2 |
10.5 |
10.5 |
|
Allow.Accr.Retir |
11.0 |
9.1 |
6.4 |
4.9 |
4.9 |
|
Deferred tax |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other Liability |
0.9 |
1.0 |
1.0 |
0.9 |
0.7 |
|
Minor. Interest |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Total Liabilities |
282.4 |
259.9 |
217.9 |
248.5 |
326.1 |
|
|
|
|
|
|
|
|
Rounding adjustment Equity |
0.0 |
- |
- |
- |
- |
|
Common Stock |
18.4 |
18.2 |
16.2 |
15.3 |
15.2 |
|
Total capital surpluses |
12.8 |
12.8 |
11.3 |
10.7 |
10.6 |
|
Valu. Differ. |
17.2 |
15.6 |
13.8 |
13.1 |
13.0 |
|
Total retained earnings |
58.3 |
59.9 |
47.0 |
64.4 |
70.1 |
|
Valuation difference on available-for-sa |
3.5 |
3.3 |
3.0 |
1.2 |
3.8 |
|
Deferred hedge gain/loss |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Trans. Adjust. |
-0.4 |
-0.4 |
-0.3 |
-0.2 |
0.0 |
|
Treasury Stock |
-1.9 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Total Equity |
107.9 |
109.3 |
91.0 |
104.4 |
112.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
390.3 |
369.3 |
308.9 |
352.9 |
438.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
Total Common Shares Outstanding |
11.5 |
12.0 |
12.0 |
12.0 |
12.0 |
|
T/S-Common Stock |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
429 |
441 |
451 |
466 |
477 |
|
Total Number of Shareholders |
2,688 |
- |
- |
- |
- |
|
Number of Common Shareholders |
- |
2,970 |
3,081 |
3,201 |
3,717 |
|
LT Debt maturing in 1 year |
5.1 |
- |
8.7 |
7.0 |
5.5 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
4.7 |
- |
- |
- |
- |
|
LT Debt maturing in 2 years |
- |
- |
4.5 |
7.5 |
5.7 |
|
Bond Redemp Amts over 2 Yrs within 3 Yrs |
2.2 |
- |
- |
- |
- |
|
LT Debt maturing in 3 years |
- |
- |
2.9 |
3.4 |
6.1 |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
1.4 |
- |
- |
- |
- |
|
LT Debt maturing in 4 years |
- |
- |
2.4 |
1.8 |
1.4 |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
0.8 |
- |
- |
- |
- |
|
LT Debt maturing in 5 years |
- |
- |
0.4 |
1.2 |
0.5 |
|
LT Debt maturing after 5 years |
- |
- |
0.0 |
0.1 |
0.3 |
|
Total Long Term Debt, Supplemental |
14.2 |
- |
18.9 |
20.9 |
19.6 |
|
Capital lease due within 1yr. |
0.2 |
- |
0.2 |
0.2 |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.1 |
- |
- |
- |
- |
|
Capital lease due within 2yr. |
- |
- |
0.2 |
0.2 |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.0 |
- |
- |
- |
- |
|
Capital lease due within 3yr. |
- |
- |
0.1 |
0.2 |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.0 |
- |
- |
- |
- |
|
Capital lease due within 4yr. |
- |
- |
0.1 |
0.1 |
- |
|
Capital lease due within 5yr. |
- |
- |
0.0 |
0.1 |
- |
|
Capital lease Remaining |
- |
- |
0.0 |
0.0 |
- |
|
Total Capital Leases |
0.3 |
- |
0.6 |
0.8 |
- |
|
Pension obligation |
40.2 |
- |
37.1 |
33.5 |
32.6 |
|
Fair value of plan asset |
24.2 |
- |
20.5 |
24.7 |
27.0 |
|
Funded Status - Total/No Break-down |
-16.0 |
- |
- |
- |
- |
|
Funded status |
- |
- |
-16.6 |
-8.8 |
-5.7 |
|
Total Funded Status |
-16.0 |
- |
-16.6 |
-8.8 |
-5.7 |
|
Discount rate |
1.80% |
- |
1.33% |
1.48% |
1.48% |
|
Expected rate of return |
2.19% |
- |
0.20% |
2.70% |
4.59% |
|
Unrecog. actuarial G/L |
-5.1 |
- |
-10.2 |
-3.9 |
-0.8 |
|
Prepaid pension |
- |
- |
- |
- |
0.0 |
|
Accrued pension |
-11.0 |
- |
-6.4 |
-4.9 |
-4.9 |
|
Net Assets Recognized on Balance Sheet |
-16.0 |
- |
-16.6 |
-8.8 |
-5.7 |
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 |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
Seishin &
Co. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
1.2 |
6.3 |
-21.4 |
-0.6 |
36.2 |
|
Depreciation |
4.3 |
3.8 |
3.7 |
3.8 |
2.0 |
|
Loss On Disaster |
0.1 |
- |
- |
- |
- |
|
Loss valuation tele. subscript right |
- |
- |
- |
0.0 |
0.0 |
|
Loss on disaster |
- |
0.0 |
- |
- |
- |
|
Compensation for damage income |
-0.3 |
- |
- |
- |
- |
|
Compensation for damage income |
- |
0.0 |
- |
- |
- |
|
Amort. of Goodwill |
- |
- |
0.0 |
0.4 |
0.4 |
|
Increase (decrease) in allowance for dou |
-0.2 |
0.1 |
-0.6 |
0.2 |
0.3 |
|
Increase (decrease) in provision for bon |
-0.5 |
1.4 |
-1.1 |
-1.8 |
-0.1 |
|
Increase (decrease) in other provision |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase (decrease) in provision for ret |
1.9 |
1.8 |
1.3 |
-0.1 |
-2.0 |
|
Interest &Dividend |
-0.4 |
-0.2 |
-0.3 |
-0.3 |
-0.3 |
|
Interest expenses and loss on sales of n |
1.8 |
1.9 |
2.2 |
2.9 |
2.7 |
|
Equity in (earnings) losses of affiliate |
-0.2 |
-0.8 |
-0.2 |
-0.2 |
0.0 |
|
Loss on adj. for changes of acct. asset |
0.0 |
0.2 |
0.0 |
- |
- |
|
Loss Sale PPE |
- |
- |
- |
- |
0.0 |
|
Loss (gain) on sales of property, plant |
0.2 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Disposal inventories |
- |
- |
- |
- |
0.0 |
|
Loss (gain) on sales of investment secur |
- |
0.0 |
- |
0.0 |
0.0 |
|
Loss (gain) on sales of investment secur |
0.0 |
- |
-0.1 |
- |
0.0 |
|
Loss Valu. Inv. Secs |
0.0 |
0.0 |
0.0 |
1.3 |
0.5 |
|
Loss on retirement of property, plant an |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Loss on valuation of membership |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other non-operating expenses (income) |
-0.6 |
-0.4 |
-1.1 |
-0.3 |
-0.7 |
|
Other Non-Ope.Exp. |
- |
- |
- |
- |
0.4 |
|
Extra retirement payment |
0.0 |
0.1 |
0.0 |
- |
- |
|
G/L on liquid. of affiliates |
- |
- |
0.0 |
-0.5 |
0.0 |
|
Decrease (increase) in notes and account |
-7.5 |
-20.9 |
23.2 |
50.2 |
33.5 |
|
Decrease (increase) in inventories |
-9.0 |
-4.1 |
42.4 |
26.9 |
-43.8 |
|
Decrease (increase) in other assets |
1.0 |
0.5 |
2.8 |
-1.1 |
-0.5 |
|
Increase (decrease) in other liabilities |
0.1 |
0.2 |
0.1 |
-0.5 |
-2.0 |
|
Increase (decrease) in notes and account |
18.7 |
28.6 |
-41.5 |
-73.7 |
4.4 |
|
Decrease (increase) in consumption taxes |
0.2 |
-0.6 |
0.0 |
2.3 |
-2.0 |
|
Increase (decrease) in accrued consumpti |
0.0 |
-0.2 |
-1.9 |
1.9 |
-0.7 |
|
Payments For Loss On Disaster |
-0.1 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Compensation for damage income received |
0.3 |
- |
- |
- |
- |
|
Director Bonus Paid |
- |
- |
- |
- |
0.0 |
|
Int.&Divid.Income |
0.4 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Interest expenses paid |
-1.4 |
-1.7 |
-1.8 |
-2.0 |
-1.9 |
|
Payments for sales of notes receivable-t |
-0.4 |
-0.3 |
-0.4 |
-0.7 |
-0.7 |
|
Payments for extra retirement payments |
0.0 |
-0.1 |
- |
- |
- |
|
Payments for loss on disaster |
- |
0.0 |
- |
- |
- |
|
Compensation for damage income rcvd. |
- |
0.0 |
- |
- |
- |
|
Income taxes paid, cash basis |
-1.0 |
-0.2 |
-0.3 |
-6.1 |
-24.4 |
|
Other, net |
0.6 |
0.3 |
1.1 |
0.3 |
0.7 |
|
Other Non-Ope.Pymt |
- |
- |
- |
- |
-0.4 |
|
Cash from Operating Activities |
9.6 |
16.0 |
6.4 |
2.7 |
1.8 |
|
|
|
|
|
|
|
|
Purchase of short-term investment securi |
0.0 |
-0.4 |
-0.4 |
-0.4 |
-0.3 |
|
Sale Mktbl.Secs. |
0.5 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Purchase of intangible assets |
-1.7 |
-1.5 |
-1.6 |
0.0 |
- |
|
Purchase of subsidiaries' shares |
- |
- |
- |
0.0 |
0.0 |
|
Sale subsidiaries' securities |
- |
- |
0.0 |
0.3 |
0.0 |
|
Purchase of property, plant and equipmen |
-1.7 |
-0.2 |
-1.4 |
-5.9 |
-0.8 |
|
Proceeds from sales of property, plant a |
0.7 |
0.1 |
0.0 |
0.5 |
0.1 |
|
Purch. Inv. Secs. |
-0.2 |
-0.2 |
-0.1 |
-2.4 |
-0.9 |
|
Sale Inv. Secs. |
0.0 |
0.0 |
0.1 |
0.1 |
0.3 |
|
Loan Made |
0.0 |
-0.1 |
0.0 |
-0.6 |
0.0 |
|
Loan Collected |
0.0 |
0.0 |
0.1 |
0.5 |
0.0 |
|
Other Inv. Income |
- |
- |
- |
- |
0.3 |
|
Other Inv. Payment |
- |
- |
- |
- |
-0.8 |
|
Other, net |
0.1 |
0.0 |
0.0 |
0.2 |
- |
|
Cash from Investing Activities |
-2.2 |
-1.9 |
-2.9 |
-7.2 |
-1.8 |
|
|
|
|
|
|
|
|
Increase in short-term loans payable |
6.6 |
2.8 |
5.9 |
13.4 |
21.0 |
|
Decrease in short-term loans payable |
-6.1 |
-13.0 |
-11.9 |
-12.2 |
-10.4 |
|
Proceeds from long-term loans payable |
6.3 |
2.9 |
4.3 |
7.6 |
5.0 |
|
Repayment of long-term loans payable |
-6.5 |
-9.8 |
-0.1 |
-4.9 |
-6.8 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Purch.Treasury Stock |
-1.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividend Paid |
-1.1 |
-0.3 |
-0.3 |
-3.8 |
-4.2 |
|
Minor. Divid. Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Repayment of lease |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
0.0 |
|
Cash from Financing Activities |
-2.9 |
-17.6 |
-2.4 |
-0.2 |
4.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
Net Change in Cash |
4.6 |
-3.5 |
1.1 |
-4.8 |
4.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
21.7 |
23.5 |
20.6 |
23.8 |
16.2 |
|
Net Cash - Ending Balance |
26.3 |
20.0 |
21.7 |
19.0 |
21.0 |
|
Cash Interest Paid |
1.4 |
1.7 |
1.8 |
2.0 |
1.9 |
|
Cash Taxes Paid |
1.0 |
0.2 |
0.3 |
6.1 |
24.4 |
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.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.