MIRA
INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAKASHIMA & CO., LTD. |
|
|
|
|
Registered Office : |
1-15-11, Ginza,
Chuo-Ku, 104-8118 |
|
|
|
|
Country : |
Japan |
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|
|
|
Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
01.12.1931 |
|
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Legal Form : |
Public Parent
Company |
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Line of Business : |
Subject is engaged in Construction Materials segment, Industrial Materials segment & Rental Properties segment |
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|
No. of Employees : |
429 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
japan ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic,
mastery of high technology, and a comparatively small defense allocation (1% of
GDP) helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global competition
and domestic demographic change. Japan's industrial sector is heavily dependent
on imported raw materials and fuels. A small agricultural sector is highly
subsidized and protected, with crop yields among the highest in the world.
While self-sufficient in rice production, Japan imports about 60% of its food
on a caloric basis. For three decades, overall real economic growth had been
spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4%
average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%,
largely because of the after effects of inefficient investment and an asset
price bubble in the late 1980s that required a protracted period of time for
firms to reduce excess debt, capital, and labor. Modest economic growth
continued after 2000, but the economy has fallen into recession three times
since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source : CIA |
Company
name & address
TAKASHIMA & CO., LTD.
1-15-11, Ginza
Chuo-Ku, 104-8118
Japan
Tel: 81-3-35670211
Fax: 81-3-35640454
Web: www.tak.co.jp
Synthesis
Employees: 429
Company Type: Public
Parent
Corporate Family: 2 Companies
Traded: Tokyo
Stock Exchange: 8007
Incorporation
Date: 01-Dec-1931
Auditor: KPMG
AZSA LLC
Financials in: USD (Millions)
Fiscal Year End: 31-Mar-2013
Reporting
Currency: Japanese Yen
Annual Sales: 1,002.5 1
Net Income: 11.1
Total Assets: 387.4 2
Market Value: 129.8
(13-Sep-2013)
Business
Description
TAKASHIMA &
CO., LTD. is a Japan-based company that is active in three business segments.
The Construction Materials segment provides eco-friendly building materials
such as exterior wall and room divider materials, outer finish materials,
adiabatic materials, interior materials, disaster-related products,
photovoltaic generation systems, household equipment and machines, as well as
related total solutions. The Industrial Materials segment is involved in the development
of rolling stock components, the manufacture of resin products such as textile
goods, eco-friendly equipment, the provision of various solutions for
factories, warehouses and stores, as well as apparel including combining
canvas, cotton textiles, buffer packing materials, plastic products, electronic
components, among others. The Rental Properties segment is engaged in the
management and operation of rental apartment and others. As of March 31, 2012,
the Company had 11 subsidiaries and three associated companies. For the three
months ended 30 June 2013, TAKASHIMA & CO., LTD. revenues increased 8% to
Y21.16B. Net income increased 53% to Y299M. Revenues reflect Building Materials
Business segment increase of 13% to Y14.74B. Net income benefited from Building
Materials Business segment income increase from Y148M to Y374M, Rental Real
Estate Business segment income increase of 64% to Y18M.
Industry
Industry Construction and Hardware Materials
Wholesale
ANZSIC 2006: 3339 - Other Hardware Goods Wholesaling
ISIC Rev 4: 4663 - Wholesale of construction
materials, hardware, plumbing and heating equipment and
supplies
NACE Rev 2: 4673 - Wholesale of wood, construction
materials and sanitary equipment
NAICS 2012: 42332 - Brick, Stone, and Related Construction
Material Merchant Wholesalers
UK SIC 2007: 4673 - Wholesale of wood, construction
materials and sanitary equipment
US SIC 1987: 5032 - Brick, Stone, and Related
Construction Materials
Key
Executives
|
Name |
Title |
|
President, Representative Director |
|
|
Toshifumi
Hirakawa |
Manager of
Accounting Unit |
|
President of Subsidiary, Director |
|
|
Managing Director, Chief Director of Business Administration, Senior Director of Internal Audit, Senior Director of Business Planning |
|
|
Managing Director, Chief Director of Construction Material Business |
Financial Summary
|
Stock Snapshot
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet
Item Exchange Rate: USD 1 = JPY 94.08855
Corporate
Overview
Location
1-15-11, Ginza
Chuo-Ku, 104-8118
Japan
Tel: 81-3-35670211
Fax: 81-3-35640454
Web: www.tak.co.jp
Quote Symbol - Exchange
8007 - Tokyo Stock Exchange
Sales JPY(mil): 83,175.0
Assets JPY(mil): 36,453.0
Employees: 429
Fiscal Year End: 31-Mar-2013
Industry: Construction
- Raw Materials
Incorporation
Date: 01-Dec-1931
Company Type: Public
Parent
Quoted Status: Quoted
President, Representative Director: Koichi Takashima
Industry Codes
ANZSIC 2006
Codes:
3339 - Other
Hardware Goods Wholesaling
2462 - Mining
and Construction Machinery Manufacturing
6923 - Engineering
Design and Engineering Consulting Services
3494 - Other
Electrical and Electronic Goods Wholesaling
3323 - Industrial
and Agricultural Chemical Product Wholesaling
4231 - Hardware
and Building Supplies Retailing
3739 - Other
Goods Wholesaling Not Elsewhere Classified
6720 - Real
Estate Services
ISIC Rev 4 Codes:
4663 - Wholesale
of construction materials, hardware, plumbing and heating equipment and
supplies
4690 - Non-specialized
wholesale trade
4752 - Retail
sale of hardware, paints and glass in specialized stores
4669 - Wholesale
of waste and scrap and other products n.e.c.
2824 - Manufacture
of machinery for mining, quarrying and construction
7110 - Architectural
and engineering activities and related technical consultancy
6820 - Real
estate activities on a fee or contract basis
4652 - Wholesale
of electronic and telecommunications equipment and parts
NACE Rev 2 Codes:
4673 - Wholesale of wood, construction
materials and sanitary equipment
4675 - Wholesale of chemical products
2892 - Manufacture of machinery for mining,
quarrying and construction
7112 - Engineering activities and related
technical consultancy
4752 - Retail sale of hardware, paints and
glass in specialised stores
4652 - Wholesale of electronic and
telecommunications equipment and parts
4690 - Non-specialised wholesale trade
6831 - Real estate agencies
NAICS 2012 Codes:
42332 - Brick,
Stone, and Related Construction Material Merchant Wholesalers
444190 - Other
Building Material Dealers
423390 - Other
Construction Material Merchant Wholesalers
333120 - Construction
Machinery Manufacturing
541330 - Engineering
Services
424610 - Plastics
Materials and Basic Forms and Shapes Merchant Wholesalers
531210 - Offices
of Real Estate Agents and Brokers
423690 - Other
Electronic Parts and Equipment Merchant Wholesalers
424990 - Other
Miscellaneous Nondurable Goods Merchant Wholesalers
US SIC 1987:
5032 - Brick,
Stone, and Related Construction Materials
5162 - Plastics
Materials and Basic Forms and Shapes
3531 - Construction
Machinery and Equipment
8711 - Engineering Services
5039 - Construction Materials, Not Elsewhere
Classified
6531 - Real Estate Agents and Managers
5199 - Nondurable Goods, Not Elsewhere
Classified
5065 - Electronic Parts and Equipment, Not
Elsewhere Classified
5211 - Lumber and Other Building Materials
Dealers
UK SIC 2007:
4673 - Wholesale of wood, construction
materials and sanitary equipment
4690 - Non-specialised wholesale trade
4652 - Wholesale of electronic and
telecommunications equipment and parts
6831 - Real estate agencies
4675 - Wholesale of chemical products
4752 - Retail sale of hardware, paints and
glass in specialised stores
2892 - Manufacture of machinery for mining,
quarrying and construction
71129 - Other engineering activities (not
including engineering design for industrial process and
production or engineering related scientific and technical consulting
activities)
Business Description
TAKASHIMA & CO., LTD. is a Japan-based company
that is active in three business segments. The Construction Materials segment
provides eco-friendly building materials such as exterior wall and room divider
materials, outer finish materials, adiabatic materials, interior materials,
disaster-related products, photovoltaic generation systems, household equipment
and machines, as well as related total solutions. The Industrial Materials
segment is involved in the development of rolling stock components, the
manufacture of resin products such as textile goods, eco-friendly equipment,
the provision of various solutions for factories, warehouses and stores, as
well as apparel including combining canvas, cotton textiles, buffer packing
materials, plastic products, electronic components, among others. The Rental
Properties segment is engaged in the management and operation of rental
apartment and others. As of March 31, 2012, the Company had 11 subsidiaries and
three associated companies. For the three months ended 30 June 2013, TAKASHIMA
& CO., LTD. revenues increased 8% to Y21.16B. Net income increased 53% to
Y299M. Revenues reflect Building Materials Business segment increase of 13% to
Y14.74B. Net income benefited from Building Materials Business segment income
increase from Y148M to Y374M, Rental Real Estate Business segment income
increase of 64% to Y18M.
More Business Descriptions
Trading in construction and building materials,
textile materials, chemicals, plastics, government supply, electronics,
machinery and equipment and household articles
Takashima &
Co., Ltd. (Takashima) is a service provider, based in Japan. The company
operates through its business divisions such as Construction Supply, and
Industrial Materials. Its construction supply division provides total building
and housing solutions by using renewable energy or eco-friendly construction
materials and household equipment. Takashima through its industrial materials
supply division provides multifaceted solutions for rolling stocks, factories,
warehouses, and stores. It develops and offers solutions based on its material
processing and assembling capability. The company has its operations in Japan
and China. It was incorporated in the year 1915. Takashima is headquartered in
Tokyo, Japan. The company reported revenues of (Yen) JPY 83,175.00 million
during the fiscal year ended March 2013, an increase of 4.37% over 2012. The
operating profit of the company was JPY 1,114.00 million during the fiscal year
2013, a decrease of 5.51% from 2012. The net profit of the company was JPY
918.00 million during the fiscal year 2013, an increase of 22.24% over 2012.
Other Foundation, Structure, and Building Exterior
Contractors
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Corporate Family |
Corporate
Structure News: |
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TAKASHIMA
& CO., LTD. |
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TAKASHIMA & CO., LTD. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
TAKASHIMA & CO., LTD. |
Parent |
Chuo-Ku |
Japan |
Construction and Hardware Materials Wholesale |
1,002.5 |
429 |
|
|
Itak (International) Limited |
Subsidiary |
Tsim Sha Tsui East, Kowloon |
Hong Kong |
Electronics Wholesale |
18.4 |
|
|
Competitors
Report
|
Company Name |
Location |
Employees |
Ownership |
|
CDC Corporation |
Causeway Bay, Hong Kong |
2,500 |
Public |
|
Fujii Sangyo Corporation |
Utsunomiya-Shi, Japan |
606 |
Public |
Executive report
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Board of
Directors |
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President of Subsidiary, Director |
Director/Board Member |
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Managing Director, Chief Director of Business Administration, Senior
Director of Internal Audit, Senior Director of Business Planning |
Director/Board Member |
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Managing Director, Chief Director of Construction Material Business |
Director/Board Member |
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President, Representative Director |
Director/Board Member |
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Managing Director, Chief Director of Industrial Material Business,
Senior Director of Vehicle Member |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executives |
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President, Representative Director |
President |
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President of Subsidiary, Director |
Division Head Executive |
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Managing Director, Chief Director of Business Administration, Senior
Director of Internal Audit, Senior Director of Business Planning |
Managing Director |
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Managing Director, Chief Director of Construction Material Business |
Managing Director |
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Managing Director, Chief Director of Industrial Material Business,
Senior Director of Vehicle Member |
Managing Director |
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Manager of Accounting Unit |
Investor Relations Executive |
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Significant
Developments
Takashima &
Co Ltd Amends Mid-year Consolidated Outlook for FY 2014 Aug 08, 2013
Takashima &
Co Ltd announced that it has reaffirmed its mid-year consolidated outlook for
revenue of JPY 44,000 million, and raised its mid-year consolidated outlook for
operating profit from JPY 600 million to JPY 650 million, ordinary profit from
JPY 700 million to JPY 800 million, net profit from JPY 400 million to JPY 500
million, and earnings per share from JPY 8.84 to JPY 11.05, for the fiscal year
ending March 2014. The Company raised its mid-year consolidated outlook for
operating profit, ordinary profit and net profit mainly due to the improvement
in profit ratio.
Takashima &
Co Ltd to Pay Year-end Dividend for FY 2013 May 30, 2013
Takashima &
Co Ltd announced that it will pay a year-end dividend of JPY 4.00 per share
(JPY 180 million in total), in line with the latest dividend forecast of JPY
4.00 per share, to all the shareholders as a record of March 31, 2013,
effective June 28, 2013.
Takashima &
Co Ltd Raises Year-end Dividend Forecast for FY 2013 May 09, 2013
Takashima &
Co Ltd announced that it has raised the year-end dividend forecast from JPY
3.50 per share to JPY 4.00 per share for the fiscal year ending March 2013.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,002.5 |
1,009.3 |
880.8 |
742.1 |
766.9 |
|
Revenue |
1,002.5 |
1,009.3 |
880.8 |
742.1 |
766.9 |
|
Total Revenue |
1,002.5 |
1,009.3 |
880.8 |
742.1 |
766.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
908.0 |
916.3 |
805.4 |
677.3 |
706.6 |
|
Cost of Revenue, Total |
908.0 |
916.3 |
805.4 |
677.3 |
706.6 |
|
Gross Profit |
94.5 |
93.0 |
75.4 |
64.9 |
60.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
29.7 |
26.7 |
23.6 |
20.9 |
24.0 |
|
Labor & Related Expense |
44.2 |
43.6 |
39.1 |
34.7 |
31.6 |
|
Advertising Expense |
3.7 |
4.5 |
3.7 |
2.7 |
3.4 |
|
Total Selling/General/Administrative Expenses |
77.6 |
74.9 |
66.5 |
58.3 |
59.1 |
|
Depreciation |
1.8 |
1.6 |
1.1 |
1.4 |
1.5 |
|
Depreciation/Amortization |
1.8 |
1.6 |
1.1 |
1.4 |
1.5 |
|
Litigation |
- |
- |
0.0 |
0.4 |
0.0 |
|
Impairment-Assets Held for Use |
1.1 |
0.9 |
0.2 |
0.7 |
0.3 |
|
Impairment-Assets Held for Sale |
0.5 |
0.6 |
0.6 |
0.1 |
0.3 |
|
Other Unusual Expense (Income) |
- |
0.0 |
-1.2 |
0.3 |
-0.4 |
|
Unusual Expense (Income) |
1.6 |
1.5 |
-0.4 |
1.4 |
0.1 |
|
Total Operating Expense |
989.0 |
994.3 |
872.6 |
738.4 |
767.3 |
|
|
|
|
|
|
|
|
Operating Income |
13.4 |
14.9 |
8.2 |
3.7 |
-0.4 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.1 |
-1.2 |
-1.1 |
-1.0 |
-1.2 |
|
Interest Expense, Net Non-Operating |
-1.1 |
-1.2 |
-1.1 |
-1.0 |
-1.2 |
|
Interest Income -
Non-Operating |
0.6 |
0.6 |
0.6 |
0.5 |
0.7 |
|
Investment Income -
Non-Operating |
2.9 |
1.0 |
0.1 |
1.7 |
0.5 |
|
Interest/Investment Income - Non-Operating |
3.5 |
1.6 |
0.7 |
2.2 |
1.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
2.5 |
0.4 |
-0.4 |
1.2 |
0.0 |
|
Gain (Loss) on Sale of Assets |
-0.3 |
-0.5 |
-0.3 |
-0.5 |
-0.3 |
|
Other Non-Operating Income (Expense) |
0.7 |
1.3 |
0.6 |
0.5 |
0.2 |
|
Other, Net |
0.7 |
1.3 |
0.6 |
0.5 |
0.2 |
|
Income Before Tax |
16.2 |
16.1 |
8.1 |
4.8 |
-0.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
5.2 |
6.6 |
3.6 |
1.8 |
0.5 |
|
Income After Tax |
11.1 |
9.5 |
4.6 |
3.0 |
-1.1 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
11.1 |
9.5 |
4.6 |
3.0 |
-1.0 |
|
Net Income |
11.1 |
9.5 |
4.6 |
3.0 |
-1.0 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
45.2 |
45.3 |
45.3 |
45.3 |
45.3 |
|
Basic EPS Excl Extraord Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Basic/Primary EPS Incl Extraord Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
Diluted Weighted Average Shares |
45.2 |
45.3 |
45.3 |
45.3 |
45.3 |
|
Diluted EPS Excl Extraord Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Diluted EPS Incl Extraord Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.05 |
0.04 |
0.02 |
0.02 |
0.00 |
|
Gross Dividends - Common Stock |
2.2 |
1.7 |
1.1 |
0.7 |
0.0 |
|
Interest Expense, Supplemental |
1.1 |
1.2 |
1.1 |
1.0 |
1.2 |
|
Depreciation, Supplemental |
2.3 |
2.3 |
1.8 |
2.1 |
2.3 |
|
Total Special Items |
1.9 |
2.0 |
-0.1 |
2.0 |
0.5 |
|
Normalized Income Before Tax |
18.2 |
18.1 |
8.1 |
6.8 |
0.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.6 |
0.8 |
0.0 |
0.7 |
0.2 |
|
Inc Tax Ex Impact of Sp Items |
5.8 |
7.4 |
3.5 |
2.6 |
0.7 |
|
Normalized Income After Tax |
12.4 |
10.7 |
4.5 |
4.3 |
-0.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.4 |
10.7 |
4.5 |
4.2 |
-0.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.27 |
0.24 |
0.10 |
0.09 |
-0.02 |
|
Diluted Normalized EPS |
0.27 |
0.24 |
0.10 |
0.09 |
-0.02 |
|
Rental Expenses |
4.4 |
4.6 |
4.3 |
3.9 |
3.9 |
|
Advertising Expense, Supplemental |
3.7 |
4.5 |
3.7 |
2.7 |
3.4 |
|
Reported Operating Profit |
15.0 |
16.4 |
7.7 |
5.1 |
-0.3 |
|
Reported Ordinary Profit |
17.7 |
17.8 |
7.7 |
5.0 |
-1.8 |
|
Normalized EBIT |
15.0 |
16.5 |
7.8 |
5.1 |
-0.2 |
|
Normalized EBITDA |
17.4 |
18.8 |
9.5 |
7.2 |
2.1 |
|
Current Tax - Total |
6.5 |
6.3 |
- |
- |
- |
|
Current Tax - Total |
6.5 |
6.3 |
- |
- |
- |
|
Deferred Tax - Total |
-1.3 |
0.3 |
- |
- |
- |
|
Deferred Tax - Total |
-1.3 |
0.3 |
- |
- |
- |
|
Income Tax - Total |
5.2 |
6.6 |
- |
- |
- |
|
Interest Cost - Domestic |
0.2 |
0.4 |
0.5 |
0.5 |
0.5 |
|
Service Cost - Domestic |
0.9 |
0.9 |
1.0 |
0.9 |
1.0 |
|
Prior Service Cost - Domestic |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Expected Return on Assets - Domestic |
-0.1 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
|
Actuarial Gains and Losses - Domestic |
0.0 |
0.4 |
0.7 |
0.8 |
0.5 |
|
Domestic Pension Plan Expense |
0.8 |
1.3 |
1.6 |
1.8 |
1.5 |
|
Total Pension Expense |
0.8 |
1.3 |
1.6 |
1.8 |
1.5 |
|
Discount Rate - Domestic |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Total Plan Interest Cost |
0.2 |
0.4 |
0.5 |
0.5 |
0.5 |
|
Total Plan Service Cost |
0.9 |
0.9 |
1.0 |
0.9 |
1.0 |
|
Total Plan Expected Return |
-0.1 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
38.6 |
37.9 |
35.5 |
43.3 |
24.1 |
|
Short Term Investments |
- |
- |
0.0 |
0.1 |
0.0 |
|
Cash and Short Term Investments |
38.6 |
37.9 |
35.5 |
43.5 |
24.1 |
|
Accounts Receivable -
Trade, Gross |
215.9 |
254.5 |
211.0 |
169.3 |
167.7 |
|
Provision for Doubtful
Accounts |
-1.2 |
-1.0 |
-1.5 |
-3.6 |
-3.7 |
|
Trade Accounts Receivable - Net |
214.6 |
253.4 |
209.5 |
165.8 |
164.0 |
|
Other Receivables |
7.7 |
10.8 |
10.1 |
9.2 |
13.5 |
|
Total Receivables, Net |
222.4 |
264.2 |
219.6 |
175.0 |
177.5 |
|
Inventories - Finished Goods |
29.7 |
24.5 |
29.5 |
16.9 |
15.8 |
|
Inventories - Work In Progress |
5.0 |
6.0 |
5.6 |
3.8 |
5.3 |
|
Total Inventory |
34.7 |
30.6 |
35.1 |
20.7 |
21.1 |
|
Prepaid Expenses |
1.5 |
0.8 |
1.3 |
1.0 |
1.0 |
|
Deferred Income Tax - Current Asset |
2.8 |
2.5 |
1.9 |
2.3 |
2.1 |
|
Other Current Assets |
1.4 |
2.0 |
1.5 |
1.8 |
2.0 |
|
Other Current Assets, Total |
4.2 |
4.5 |
3.4 |
4.2 |
4.1 |
|
Total Current Assets |
301.4 |
337.9 |
294.8 |
244.3 |
227.8 |
|
|
|
|
|
|
|
|
Buildings |
27.5 |
37.3 |
36.0 |
32.3 |
30.7 |
|
Land/Improvements |
22.1 |
26.3 |
27.0 |
24.0 |
22.7 |
|
Machinery/Equipment |
9.5 |
10.6 |
10.1 |
9.9 |
9.2 |
|
Construction in
Progress |
- |
0.0 |
0.1 |
- |
- |
|
Other
Property/Plant/Equipment |
0.8 |
0.7 |
0.6 |
0.4 |
0.4 |
|
Property/Plant/Equipment - Gross |
59.9 |
74.9 |
73.7 |
66.7 |
63.0 |
|
Accumulated Depreciation |
-25.9 |
-32.0 |
-30.3 |
-27.7 |
-24.8 |
|
Property/Plant/Equipment - Net |
34.0 |
42.9 |
43.4 |
39.0 |
38.2 |
|
Intangibles, Net |
1.6 |
2.3 |
1.6 |
0.2 |
0.4 |
|
LT Investment - Affiliate Companies |
0.6 |
0.3 |
0.2 |
0.2 |
0.2 |
|
LT Investments - Other |
33.6 |
32.4 |
30.0 |
29.9 |
27.7 |
|
Long Term Investments |
34.3 |
32.8 |
30.2 |
30.1 |
27.9 |
|
Note Receivable - Long Term |
2.3 |
1.4 |
4.4 |
0.4 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
0.0 |
1.5 |
3.1 |
1.8 |
4.5 |
|
Other Long Term Assets |
13.8 |
15.7 |
13.3 |
14.6 |
15.3 |
|
Other Long Term Assets, Total |
13.9 |
17.2 |
16.3 |
16.3 |
19.8 |
|
Total Assets |
387.4 |
434.5 |
390.7 |
330.3 |
314.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
206.9 |
235.1 |
204.6 |
168.4 |
171.7 |
|
Accrued Expenses |
12.4 |
12.8 |
9.8 |
7.5 |
5.9 |
|
Notes Payable/Short Term Debt |
7.8 |
6.0 |
5.2 |
8.5 |
2.0 |
|
Current Portion - Long Term Debt/Capital Leases |
13.5 |
21.8 |
4.1 |
6.8 |
6.6 |
|
Income Taxes Payable |
3.3 |
4.7 |
1.8 |
1.2 |
0.4 |
|
Other Current Liabilities |
3.8 |
2.6 |
3.8 |
3.2 |
2.7 |
|
Other Current liabilities, Total |
7.1 |
7.3 |
5.5 |
4.4 |
3.1 |
|
Total Current Liabilities |
247.7 |
283.0 |
229.3 |
195.7 |
189.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
10.2 |
18.3 |
36.3 |
25.9 |
27.9 |
|
Capital Lease Obligations |
- |
- |
- |
0.5 |
0.3 |
|
Total Long Term Debt |
10.2 |
18.3 |
36.3 |
26.4 |
28.2 |
|
Total Debt |
31.4 |
46.2 |
45.5 |
41.8 |
36.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
5.3 |
5.8 |
6.9 |
6.1 |
5.8 |
|
Deferred Income Tax |
5.3 |
5.8 |
6.9 |
6.1 |
5.8 |
|
Minority Interest |
- |
- |
0.0 |
0.0 |
0.0 |
|
Pension Benefits - Underfunded |
4.5 |
6.2 |
7.2 |
7.0 |
7.2 |
|
Other Long Term Liabilities |
15.7 |
16.5 |
16.9 |
12.6 |
12.0 |
|
Other Liabilities, Total |
20.2 |
22.7 |
24.1 |
19.6 |
19.1 |
|
Total Liabilities |
283.4 |
329.8 |
296.5 |
247.9 |
242.4 |
|
|
|
|
|
|
|
|
Common Stock |
40.4 |
46.1 |
45.9 |
40.7 |
38.5 |
|
Common Stock |
40.4 |
46.1 |
45.9 |
40.7 |
38.5 |
|
Additional Paid-In Capital |
19.4 |
22.2 |
22.0 |
19.5 |
18.5 |
|
Retained Earnings (Accumulated Deficit) |
31.4 |
26.3 |
17.7 |
12.2 |
8.8 |
|
Treasury Stock - Common |
-0.8 |
-0.9 |
-0.9 |
-0.7 |
-0.7 |
|
Unrealized Gain (Loss) |
14.7 |
12.8 |
11.4 |
12.0 |
8.0 |
|
Translation Adjustment |
-1.1 |
-1.9 |
-1.9 |
-1.3 |
-1.2 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
-1.1 |
-1.9 |
-1.9 |
-1.3 |
-1.2 |
|
Total Equity |
104.1 |
104.6 |
94.2 |
82.4 |
71.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
387.4 |
434.5 |
390.7 |
330.3 |
314.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
45.2 |
45.2 |
45.3 |
45.3 |
45.3 |
|
Total Common Shares Outstanding |
45.2 |
45.2 |
45.3 |
45.3 |
45.3 |
|
Treasury Shares - Common Stock Primary Issue |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Employees |
429 |
413 |
389 |
389 |
416 |
|
Number of Common Shareholders |
4,568 |
5,066 |
6,217 |
4,859 |
5,041 |
|
Total Long Term Debt, Supplemental |
23.6 |
40.1 |
40.4 |
32.7 |
34.4 |
|
Long Term Debt Maturing within 1 Year |
13.5 |
21.8 |
4.1 |
6.8 |
6.5 |
|
Long Term Debt Maturing in Year 2 |
4.8 |
13.4 |
19.8 |
1.5 |
5.5 |
|
Long Term Debt Maturing in Year 3 |
3.1 |
3.4 |
12.5 |
15.4 |
0.4 |
|
Long Term Debt Maturing in Year 4 |
1.3 |
1.5 |
2.4 |
9.0 |
13.6 |
|
Long Term Debt Maturing in Year 5 |
1.0 |
- |
1.5 |
0.0 |
8.5 |
|
Long Term Debt Maturing in 2-3 Years |
7.9 |
16.8 |
32.3 |
16.9 |
5.9 |
|
Long Term Debt Maturing in 4-5 Years |
2.2 |
1.5 |
3.9 |
9.0 |
22.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.6 |
0.6 |
0.7 |
0.7 |
0.4 |
|
Capital Lease Payments Due in Year 1 |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 2 |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 3 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 4 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in 2-3 Years |
0.2 |
0.3 |
0.3 |
0.3 |
0.1 |
|
Capital Lease Payments Due in 4-5 Years |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.1 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Pension Obligation - Domestic |
18.4 |
21.4 |
21.6 |
21.7 |
22.6 |
|
Plan Assets - Domestic |
13.5 |
12.8 |
13.2 |
14.1 |
12.2 |
|
Funded Status - Domestic |
-4.8 |
-8.5 |
-8.4 |
-7.7 |
-10.4 |
|
Total Funded Status |
-4.8 |
-8.5 |
-8.4 |
-7.7 |
-10.4 |
|
Discount Rate - Domestic |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Accrued Liabilities - Domestic |
-4.5 |
-6.2 |
-7.2 |
-7.0 |
-7.2 |
|
Other Assets, Net - Domestic |
0.3 |
2.3 |
1.2 |
0.7 |
3.3 |
|
Net Assets Recognized on Balance Sheet |
-4.2 |
-4.0 |
-6.0 |
-6.3 |
-3.9 |
|
Total Plan Obligations |
18.4 |
21.4 |
21.6 |
21.7 |
22.6 |
|
Total Plan Assets |
13.5 |
12.8 |
13.2 |
14.1 |
12.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
16.2 |
16.1 |
8.1 |
4.8 |
-0.6 |
|
Depreciation |
2.3 |
2.3 |
1.8 |
2.1 |
2.3 |
|
Depreciation/Depletion |
2.3 |
2.3 |
1.8 |
2.1 |
2.3 |
|
Unusual Items |
1.5 |
1.6 |
0.8 |
-0.4 |
-0.8 |
|
Equity in Net Earnings (Loss) |
-0.3 |
-0.1 |
0.0 |
0.0 |
- |
|
Other Non-Cash Items |
-0.1 |
-4.1 |
-3.2 |
-4.9 |
0.6 |
|
Non-Cash Items |
1.0 |
-2.6 |
-2.4 |
-5.3 |
-0.1 |
|
Accounts Receivable |
11.1 |
-44.6 |
-19.7 |
12.9 |
24.7 |
|
Inventories |
-8.2 |
4.7 |
-11.5 |
1.5 |
0.8 |
|
Accounts Payable |
0.1 |
30.7 |
14.7 |
-13.0 |
-14.7 |
|
Accrued Expenses |
0.4 |
1.2 |
-0.1 |
0.7 |
-0.6 |
|
Taxes Payable |
-0.8 |
1.2 |
-0.2 |
0.2 |
-1.1 |
|
Other Operating Cash Flow |
-5.0 |
-0.3 |
1.1 |
5.6 |
-3.0 |
|
Changes in Working Capital |
-2.4 |
-7.0 |
-15.6 |
7.9 |
6.2 |
|
Cash from Operating Activities |
17.2 |
8.8 |
-8.2 |
9.4 |
7.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.3 |
-2.6 |
-1.0 |
-0.8 |
-6.8 |
|
Purchase/Acquisition of Intangibles |
-0.2 |
-1.6 |
-0.7 |
0.0 |
- |
|
Capital Expenditures |
-1.5 |
-4.2 |
-1.8 |
-0.8 |
-6.8 |
|
Sale of Business |
- |
- |
- |
0.0 |
-0.7 |
|
Sale of Fixed Assets |
2.5 |
0.0 |
0.1 |
0.0 |
- |
|
Sale/Maturity of Investment |
0.3 |
0.0 |
0.4 |
7.1 |
0.8 |
|
Purchase of Investments |
-0.1 |
-1.7 |
-1.5 |
-0.5 |
-2.3 |
|
Other Investing Cash Flow |
0.3 |
0.4 |
0.2 |
0.1 |
0.2 |
|
Other Investing Cash Flow Items, Total |
3.0 |
-1.3 |
-0.7 |
6.6 |
-2.0 |
|
Cash from Investing Activities |
1.4 |
-5.5 |
-2.4 |
5.9 |
-8.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Financing Cash Flow Items |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Cash Dividends Paid - Common |
-1.6 |
-1.1 |
-0.8 |
0.0 |
0.0 |
|
Total Cash Dividends Paid |
-1.6 |
-1.1 |
-0.8 |
0.0 |
0.0 |
|
Short Term Debt, Net |
2.1 |
1.0 |
-4.2 |
6.5 |
-6.9 |
|
Long Term Debt Issued |
9.0 |
4.4 |
11.7 |
3.2 |
10.9 |
|
Long Term Debt
Reduction |
-22.1 |
-4.9 |
-8.3 |
-6.9 |
-6.2 |
|
Long Term Debt, Net |
-13.0 |
-0.5 |
3.3 |
-3.7 |
4.8 |
|
Issuance (Retirement) of Debt, Net |
-11.0 |
0.5 |
-0.8 |
2.9 |
-2.1 |
|
Cash from Financing Activities |
-12.8 |
-0.9 |
-1.9 |
2.7 |
-2.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
-0.1 |
-0.1 |
-0.1 |
-1.2 |
|
Net Change in Cash |
6.2 |
2.3 |
-12.7 |
17.9 |
-4.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
37.6 |
37.2 |
47.0 |
25.4 |
27.9 |
|
Net Cash - Ending Balance |
43.8 |
39.5 |
34.3 |
43.3 |
23.5 |
|
Cash Interest Paid |
1.1 |
1.2 |
1.1 |
1.0 |
1.2 |
|
Cash Taxes Paid |
7.4 |
3.3 |
2.0 |
0.6 |
0.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
1,002.5 |
1,009.3 |
880.8 |
742.1 |
766.9 |
|
Total Revenue |
1,002.5 |
1,009.3 |
880.8 |
742.1 |
766.9 |
|
|
|
|
|
|
|
|
Cost of Sales |
908.0 |
916.3 |
805.4 |
677.3 |
706.6 |
|
Other Selling/General/Admin. Expense |
0.1 |
0.1 |
- |
- |
- |
|
Freight Cost |
3.6 |
3.8 |
2.9 |
2.4 |
2.3 |
|
Advertising Expenses |
3.7 |
4.5 |
3.7 |
2.7 |
3.4 |
|
Reserve for Doubtful Account |
3.1 |
- |
0.0 |
1.7 |
4.2 |
|
Provision for directors'' bonuses |
0.2 |
- |
- |
- |
- |
|
Employees Salaries And Other Allowances |
31.7 |
30.7 |
28.1 |
24.3 |
22.9 |
|
Provision for Bonuses |
4.5 |
4.6 |
3.1 |
2.9 |
2.1 |
|
Periodic Retirement Benefit Costs |
0.7 |
1.3 |
1.6 |
1.8 |
1.5 |
|
Welfare |
7.0 |
7.0 |
6.3 |
5.7 |
5.2 |
|
Travel & Transportation |
4.6 |
4.7 |
4.3 |
3.4 |
3.7 |
|
Depreciation |
1.8 |
1.6 |
1.1 |
1.4 |
1.5 |
|
Rent Expenses |
4.4 |
4.6 |
4.3 |
3.9 |
3.9 |
|
Other Selling & General Expenses |
14.0 |
13.5 |
12.2 |
9.5 |
9.9 |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
SP Gain on bad debts recovered |
- |
0.0 |
-0.4 |
0.0 |
- |
|
SP Rev. on provision for bonus |
- |
- |
- |
0.0 |
-0.4 |
|
SP Provision for Doubtful Accounts |
- |
0.0 |
-0.8 |
0.0 |
- |
|
SP Loss on Retire. of Fixed Assets |
- |
- |
0.0 |
0.1 |
0.0 |
|
SP Impairment Loss |
1.1 |
0.9 |
0.2 |
0.6 |
0.3 |
|
SP Loss on Val. of LT Inv't. Secs. |
0.5 |
0.6 |
0.6 |
0.0 |
0.3 |
|
SP Val. Membership |
- |
- |
0.0 |
0.1 |
0.0 |
|
SP Spec. add. amount for early retire. |
- |
- |
0.0 |
0.3 |
0.0 |
|
SP Settlement expenses |
- |
- |
0.0 |
0.4 |
0.0 |
|
Total Operating Expense |
989.0 |
994.3 |
872.6 |
738.4 |
767.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Gains |
1.5 |
0.0 |
- |
- |
- |
|
SP Gain on Sale of LT Inv't. Secs. |
0.2 |
- |
0.0 |
0.1 |
0.0 |
|
SP G on redempt. LT inv't. secs. |
- |
- |
0.0 |
1.5 |
0.0 |
|
SP G on sale of affiliate secs. |
- |
- |
- |
0.0 |
1.4 |
|
SP Loss on Sale of LT Inv't. Secs. |
- |
- |
0.0 |
-0.2 |
-0.1 |
|
SP Liquidation of affil. Companies |
0.0 |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
NOP Interest Income |
0.6 |
0.6 |
0.6 |
0.5 |
0.7 |
|
Incentive |
- |
0.0 |
0.3 |
0.0 |
- |
|
NOP Dividends Received |
1.0 |
0.9 |
0.7 |
0.6 |
0.7 |
|
Gain On Bad Debts Recovered |
0.0 |
0.1 |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
Reversal of allowance for doubtful accou |
0.0 |
0.7 |
- |
- |
- |
|
NOP Return of Insurance Matured |
- |
0.0 |
0.2 |
0.2 |
0.0 |
|
NOP Reversal G on allow.doubt.accounts |
- |
- |
0.0 |
- |
- |
|
NOP Recovery of bad debts |
- |
- |
0.0 |
- |
- |
|
NOP Equity Earnings |
0.3 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Miscellaneous income |
0.8 |
0.7 |
0.5 |
0.5 |
0.4 |
|
NOP Interest Expenses |
-1.1 |
-1.2 |
-1.1 |
-1.0 |
-1.2 |
|
NOP Loss on Sale of Trade Notes Rcvbl. |
-0.3 |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
|
NOP Equity Losses |
- |
- |
0.0 |
-0.1 |
0.0 |
|
NOP Exchange loss |
- |
0.0 |
-0.6 |
-0.2 |
-1.5 |
|
Miscellaneous expenses |
-0.2 |
-0.2 |
-0.4 |
-0.1 |
-0.2 |
|
Net Income Before Taxes |
16.2 |
16.1 |
8.1 |
4.8 |
-0.5 |
|
|
|
|
|
|
|
|
Total income taxes |
5.2 |
6.6 |
3.6 |
1.8 |
0.5 |
|
Net Income After Taxes |
11.1 |
9.5 |
4.6 |
3.0 |
-1.1 |
|
|
|
|
|
|
|
|
Minority interests in loss |
- |
0.0 |
- |
- |
- |
|
Minority Interests |
- |
- |
0.0 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
11.1 |
9.5 |
4.6 |
3.0 |
-1.0 |
|
Net Income |
11.1 |
9.5 |
4.6 |
3.0 |
-1.0 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Adjustment to math with reported net in |
- |
- |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
45.2 |
45.3 |
45.3 |
45.3 |
45.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Basic EPS Including ExtraOrdinary Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
11.1 |
9.5 |
4.6 |
2.9 |
-1.1 |
|
Diluted Weighted Average Shares |
45.2 |
45.3 |
45.3 |
45.3 |
45.3 |
|
Diluted EPS Excluding ExtraOrd Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
Diluted EPS Including ExtraOrd Items |
0.24 |
0.21 |
0.10 |
0.06 |
-0.02 |
|
DPS-Ordinary Shares |
0.05 |
0.04 |
0.02 |
0.02 |
0.00 |
|
Gross Dividends - Common Stock |
2.2 |
1.7 |
1.1 |
0.7 |
0.0 |
|
Normalized Income Before Taxes |
18.2 |
18.1 |
8.1 |
6.8 |
0.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
5.8 |
7.4 |
3.5 |
2.6 |
0.7 |
|
Normalized Income After Taxes |
12.4 |
10.7 |
4.5 |
4.3 |
-0.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.4 |
10.7 |
4.5 |
4.2 |
-0.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.27 |
0.24 |
0.10 |
0.09 |
-0.02 |
|
Diluted Normalized EPS |
0.27 |
0.24 |
0.10 |
0.09 |
-0.02 |
|
Advertising Expense |
3.7 |
4.5 |
3.7 |
2.7 |
3.4 |
|
Interest Expense |
1.1 |
1.2 |
1.1 |
1.0 |
1.2 |
|
Rental Expense |
4.4 |
4.6 |
4.3 |
3.9 |
3.9 |
|
BC - Depreciation of Fixed Assets |
2.3 |
- |
- |
- |
- |
|
Depreciation of Tangible Assets |
- |
2.3 |
- |
- |
- |
|
Depreciation |
- |
- |
1.8 |
2.1 |
2.3 |
|
Income taxes-current |
6.5 |
6.3 |
- |
- |
- |
|
Current Tax - Total |
6.5 |
6.3 |
- |
- |
- |
|
Income taxes-deferred |
-1.3 |
0.3 |
- |
- |
- |
|
Deferred Tax - Total |
-1.3 |
0.3 |
- |
- |
- |
|
Income Tax - Total |
5.2 |
6.6 |
- |
- |
- |
|
Reported operating profit |
15.0 |
16.4 |
7.7 |
5.1 |
-0.3 |
|
Reported ordinary profit |
17.7 |
17.8 |
7.7 |
5.0 |
-1.8 |
|
Service cost |
0.9 |
0.9 |
1.0 |
0.9 |
1.0 |
|
Interest cost |
0.2 |
0.4 |
0.5 |
0.5 |
0.5 |
|
Expected return on plan asset |
-0.1 |
-0.3 |
-0.3 |
-0.2 |
-0.3 |
|
Actuarial G/L |
0.0 |
0.4 |
0.7 |
0.8 |
0.5 |
|
Prior service cost |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Domestic Pension Plan Expense |
0.8 |
1.3 |
1.6 |
1.8 |
1.5 |
|
Total Pension Expense |
0.8 |
1.3 |
1.6 |
1.8 |
1.5 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
1.00% |
1.00% |
- |
- |
- |
|
Discount rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
1.00% |
1.00% |
- |
- |
- |
|
Expected rate of return |
- |
- |
2.00% |
2.00% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
38.6 |
37.9 |
35.5 |
43.3 |
24.1 |
|
Notes and accounts receivable-trade |
215.9 |
254.5 |
211.0 |
169.3 |
167.7 |
|
SubordinateTrust |
- |
- |
- |
- |
0.0 |
|
Marketable Securities |
- |
- |
0.0 |
0.1 |
0.0 |
|
Merchandise |
29.7 |
24.5 |
29.5 |
16.9 |
15.8 |
|
Inventories - construc.-in-process |
5.0 |
6.0 |
5.6 |
3.8 |
5.3 |
|
Advance payments-trade |
0.9 |
0.1 |
0.9 |
0.7 |
0.6 |
|
Prepaid Expenses |
0.6 |
0.6 |
0.4 |
0.3 |
0.4 |
|
Accounts receivable-other |
7.7 |
10.8 |
10.1 |
9.2 |
13.5 |
|
Deferred Tax |
2.8 |
2.5 |
1.9 |
2.3 |
2.1 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Assets |
1.3 |
2.0 |
1.5 |
1.8 |
2.0 |
|
Allow.Doubt.Accounts (Current) |
-1.2 |
-1.0 |
-1.5 |
-3.6 |
-3.7 |
|
Total Current Assets |
301.4 |
337.9 |
294.8 |
244.3 |
227.8 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment, Total - Net |
0.0 |
0.0 |
- |
- |
- |
|
Buildings & Structures, Gross |
27.5 |
37.3 |
36.0 |
32.3 |
30.7 |
|
Accum Dep & Impairment Loss of Buildings |
-17.1 |
-22.2 |
-21.0 |
-18.6 |
-16.9 |
|
Machinery, equipment and vehicles |
1.7 |
2.1 |
2.1 |
2.0 |
2.0 |
|
Acc.
Depre&Impair-Machine,Equip&Vehicle |
-1.3 |
-1.6 |
-1.8 |
-1.6 |
-1.5 |
|
Tools, furniture and fixtures |
7.9 |
8.6 |
8.0 |
7.9 |
7.2 |
|
Acc.
Depre&Impair-Tool,Furniture&Fixture |
-7.1 |
-7.8 |
-7.3 |
-7.3 |
-6.4 |
|
Land |
22.1 |
26.3 |
27.0 |
24.0 |
22.7 |
|
Lease Assets |
0.8 |
0.7 |
0.6 |
0.4 |
0.4 |
|
Accumulated depreciation-Lease Assets |
-0.4 |
-0.4 |
-0.2 |
-0.1 |
0.0 |
|
Construction-In-Progress |
- |
0.0 |
0.1 |
- |
- |
|
Intangible assets |
1.6 |
- |
- |
- |
- |
|
Total intangible assets |
- |
2.3 |
1.6 |
0.2 |
0.4 |
|
Other Investment Securities |
33.6 |
32.4 |
- |
- |
- |
|
Long-Term Investment in Securities |
- |
- |
30.0 |
29.9 |
27.7 |
|
Invt Secs Noncons, Asc, Affd Cos |
0.6 |
0.3 |
- |
- |
- |
|
Other-secs.nonconsolid.affiliates |
- |
- |
0.2 |
0.2 |
0.2 |
|
Long-term loans receivable |
0.1 |
0.3 |
0.4 |
0.4 |
0.2 |
|
Account receievable-longterm |
2.2 |
1.0 |
3.9 |
- |
- |
|
Deferred tax assets |
0.0 |
1.5 |
3.1 |
1.8 |
4.5 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Assets |
- |
0.0 |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Assets |
15.2 |
16.2 |
16.0 |
16.8 |
21.2 |
|
Allow.Doubt.Accounts (Non-Current) |
-1.4 |
-0.5 |
-2.8 |
-2.3 |
-5.9 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Total Assets |
387.4 |
434.5 |
390.7 |
330.3 |
314.3 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
206.9 |
235.1 |
204.6 |
168.4 |
171.7 |
|
Short-term loans payable |
7.8 |
6.0 |
- |
- |
- |
|
Short-Term Borrowings |
- |
- |
5.2 |
8.5 |
2.0 |
|
Current portion of long-term loans payab |
12.4 |
20.6 |
- |
- |
- |
|
Current portion of bonds |
1.1 |
1.2 |
1.2 |
- |
- |
|
Current Portion of LT Debt |
- |
- |
2.9 |
6.8 |
6.5 |
|
Lease Liabilities |
- |
- |
- |
- |
0.1 |
|
Provision for directors'' bonuses |
0.2 |
- |
- |
- |
- |
|
Accrued Expense |
7.4 |
6.7 |
6.2 |
4.0 |
3.4 |
|
Income Taxes Payable |
3.3 |
4.7 |
1.8 |
1.2 |
0.4 |
|
Sales Taxes Payable |
0.8 |
1.6 |
0.5 |
0.6 |
0.4 |
|
Reserve for Bonuses |
4.0 |
4.4 |
3.2 |
2.9 |
2.1 |
|
Rounding adjustment Liability |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
3.7 |
2.5 |
3.8 |
3.2 |
2.7 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Current Liabilities |
247.7 |
283.0 |
229.3 |
195.7 |
189.2 |
|
|
|
|
|
|
|
|
Long-term loans payable |
8.6 |
15.2 |
32.0 |
25.9 |
27.9 |
|
Lease Liabilities |
- |
- |
- |
0.5 |
0.3 |
|
Bonds payable |
1.6 |
3.0 |
4.2 |
- |
- |
|
Total Long Term Debt |
10.2 |
18.3 |
36.3 |
26.4 |
28.2 |
|
|
|
|
|
|
|
|
Reserve for Retirement Benefit(accrued) |
4.5 |
6.2 |
7.2 |
7.0 |
7.2 |
|
Deferred Tax Liabilities (Non-Current) |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax Liabilities Revaluation |
5.0 |
5.8 |
6.9 |
6.1 |
5.8 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Other Long-Term Liabilities |
15.7 |
16.5 |
16.9 |
12.6 |
12.0 |
|
Minority Interests |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Liabilities |
283.4 |
329.8 |
296.5 |
247.9 |
242.4 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Share Capital |
40.4 |
46.1 |
45.9 |
40.7 |
38.5 |
|
Total capital surpluses |
19.4 |
22.2 |
22.0 |
19.5 |
18.5 |
|
Total retained earnings |
31.4 |
26.3 |
17.7 |
12.2 |
8.8 |
|
Reserve by valuation of land |
8.5 |
9.8 |
9.4 |
8.4 |
7.9 |
|
Valuation difference on available-for-sa |
6.2 |
3.0 |
1.9 |
3.6 |
0.1 |
|
Cumulative Translation Adjustments |
-1.1 |
-1.9 |
-1.9 |
-1.3 |
-1.2 |
|
Treasury Share |
-0.8 |
-0.9 |
-0.9 |
-0.7 |
-0.7 |
|
Total Equity |
104.1 |
104.6 |
94.2 |
82.4 |
71.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
387.4 |
434.5 |
390.7 |
330.3 |
314.3 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
45.2 |
45.2 |
45.3 |
45.3 |
45.3 |
|
Total Common Shares Outstanding |
45.2 |
45.2 |
45.3 |
45.3 |
45.3 |
|
T/S-Ordinary Shares |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Full-Time Employees |
429 |
413 |
389 |
389 |
416 |
|
Total Number of Shareholders |
4,568 |
5,066 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
6,217 |
4,859 |
5,041 |
|
Bond Redemption Amounts within A Year |
1.1 |
1.2 |
- |
- |
- |
|
Loans Payable Maturing within a Year |
12.4 |
20.6 |
4.1 |
6.8 |
6.5 |
|
Bond Redemp Amts over a Yr within 2 Yrs |
1.1 |
1.2 |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
3.7 |
12.1 |
- |
- |
- |
|
LT Debts Maturing within 2yr. |
- |
- |
19.8 |
1.5 |
5.5 |
|
Bond Redemp Amts over 2 Yrs within 3 Yrs |
0.5 |
1.2 |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
2.6 |
2.2 |
- |
- |
- |
|
LT Debts Maturing within 3yr. |
- |
- |
12.5 |
15.4 |
0.4 |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
0.0 |
0.6 |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
1.3 |
0.9 |
- |
- |
- |
|
LT Debts Maturing within 4yr. |
- |
- |
2.4 |
9.0 |
13.6 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
1.0 |
- |
- |
- |
- |
|
LT Debts Maturing within 5yr. |
- |
- |
1.5 |
0.0 |
8.5 |
|
Total Long Term Debt, Supplemental |
23.6 |
40.1 |
40.4 |
32.7 |
34.4 |
|
Capital Lease Maturing within a Year |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.1 |
0.2 |
- |
- |
- |
|
Capital lease due in year 2 |
- |
- |
0.2 |
0.1 |
0.1 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.1 |
0.1 |
- |
- |
- |
|
Capital lease due in year 3 |
- |
- |
0.1 |
0.1 |
0.1 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.1 |
0.1 |
- |
- |
- |
|
Capital lease due in year 4 |
- |
- |
0.1 |
0.1 |
0.1 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.0 |
0.0 |
- |
- |
- |
|
Capital lease due in year 5 |
- |
- |
0.1 |
0.1 |
0.1 |
|
Other Capital Lease Remaining |
0.1 |
0.0 |
- |
- |
- |
|
Capital lease - remaining |
- |
- |
0.0 |
0.1 |
0.1 |
|
Total Capital Leases, Supplemental |
0.6 |
0.6 |
0.7 |
0.7 |
0.4 |
|
Pension obligation |
18.4 |
21.4 |
21.6 |
21.7 |
22.6 |
|
Fair value of plan asset |
13.5 |
12.8 |
13.2 |
14.1 |
12.2 |
|
Funded status |
-4.8 |
-8.5 |
-8.4 |
-7.7 |
-10.4 |
|
Total Funded Status |
-4.8 |
-8.5 |
-8.4 |
-7.7 |
-10.4 |
|
Discount rate |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Expected rate of return |
1.00% |
1.00% |
2.00% |
2.00% |
2.00% |
|
Unrecog. actuarial G/L |
0.3 |
2.5 |
1.6 |
1.2 |
3.9 |
|
Unrecog. prior service cost |
0.0 |
-0.2 |
-0.4 |
-0.5 |
-0.7 |
|
Accrued pension |
-4.5 |
-6.2 |
-7.2 |
-7.0 |
-7.2 |
|
Net Assets Recognized on Balance Sheet |
-4.2 |
-4.0 |
-6.0 |
-6.3 |
-3.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income before Taxes |
16.2 |
16.1 |
8.1 |
4.8 |
-0.6 |
|
Depreciation |
2.3 |
2.3 |
1.8 |
2.1 |
2.3 |
|
Loss on Retirement of Fixed Assets |
- |
- |
0.0 |
0.1 |
0.0 |
|
Reserve for director's retirement |
- |
- |
- |
- |
0.0 |
|
Impairment loss |
1.1 |
0.9 |
0.2 |
0.6 |
0.3 |
|
Increase (decrease) in allowance for dou |
1.5 |
-2.8 |
-2.3 |
-4.3 |
2.3 |
|
Increase (decrease) in provision for dir |
0.2 |
- |
- |
- |
- |
|
Increase (decrease) in provision for bon |
0.2 |
1.2 |
-0.1 |
0.7 |
-0.6 |
|
Increase (decrease) in provision for ret |
-1.1 |
-1.0 |
-0.7 |
-0.6 |
-1.4 |
|
Interest Income |
-1.5 |
-1.5 |
-1.3 |
-1.1 |
-1.4 |
|
Interest Expense |
1.1 |
1.2 |
1.1 |
1.0 |
1.2 |
|
Loss (gain) on valuation of investment s |
0.5 |
0.6 |
0.6 |
0.0 |
0.3 |
|
Equity in (earnings) losses of affiliate |
-0.3 |
-0.1 |
0.0 |
0.0 |
- |
|
Loss (gain) on sales of investment secur |
-0.2 |
- |
0.0 |
0.1 |
0.0 |
|
Sale of Affliated Sec. |
- |
- |
- |
0.0 |
-1.4 |
|
G on redempt. LT inv't. secs. |
- |
- |
0.0 |
-1.5 |
0.0 |
|
Loss (gain) on liquidation of subsidiari |
0.0 |
0.1 |
0.0 |
0.2 |
0.0 |
|
Loss on Valuation of Memberships |
- |
- |
0.0 |
0.1 |
0.0 |
|
Decrease (increase) in notes and account |
9.2 |
-44.3 |
-19.9 |
7.8 |
24.7 |
|
Decrease (increase) in inventories |
-8.2 |
4.7 |
-11.5 |
1.5 |
0.8 |
|
Increase (decrease) in notes and account |
0.1 |
30.7 |
14.7 |
-13.0 |
-14.7 |
|
Decrease (increase) in accounts receivab |
1.9 |
-0.4 |
0.2 |
5.1 |
0.0 |
|
Increase (decrease) in accrued consumpti |
-0.8 |
1.2 |
-0.2 |
0.2 |
-1.1 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other Operating Cash Flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
1.9 |
2.8 |
2.9 |
6.6 |
-2.7 |
|
Interest Rec'd |
1.5 |
1.5 |
1.3 |
1.0 |
1.7 |
|
Interest Paid |
-1.1 |
-1.2 |
-1.1 |
-1.0 |
-1.2 |
|
Dir.'s retire. bonuse paid(cash basis) |
- |
- |
0.0 |
-0.5 |
-0.1 |
|
Income Taxes Paid |
-7.4 |
-3.3 |
-2.0 |
-0.6 |
-0.6 |
|
Adjustment |
- |
- |
- |
0.1 |
- |
|
Cash from Operating Activities |
17.2 |
8.8 |
-8.2 |
9.4 |
7.9 |
|
|
|
|
|
|
|
|
Time Deposit Made |
- |
- |
- |
0.0 |
-1.1 |
|
Time Deposit Matured |
- |
0.0 |
0.2 |
0.0 |
- |
|
Purchase of property, plant and equipmen |
-1.3 |
-2.6 |
-1.0 |
-0.8 |
-6.8 |
|
Proceeds from sales of property, plant a |
2.5 |
0.0 |
0.1 |
0.0 |
- |
|
Purchase of intangible assets |
-0.2 |
-1.6 |
-0.7 |
0.0 |
- |
|
Proceeds from redemption of securities |
- |
0.0 |
0.2 |
0.0 |
- |
|
Purchase of Long-Term Inv't in Sec. |
-0.1 |
-1.5 |
-1.1 |
-0.1 |
-1.1 |
|
Sale of Long-Term Investment in Sec. |
0.3 |
0.0 |
0.0 |
0.1 |
0.8 |
|
Redempt.LT inv't in sec. |
- |
- |
0.0 |
7.0 |
0.0 |
|
Sale of Sub. Stock-Consolidation Change |
- |
- |
- |
0.0 |
-0.7 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Loan Made |
0.0 |
-0.2 |
-0.4 |
-0.4 |
-0.1 |
|
Loan Collected |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other, net |
0.0 |
0.1 |
0.0 |
-0.1 |
0.0 |
|
Cash from Investing Activities |
1.4 |
-5.5 |
-2.4 |
5.9 |
-8.8 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
2.1 |
1.0 |
-4.2 |
6.5 |
-6.9 |
|
Proceeds from long-term loans payable |
9.0 |
4.4 |
5.8 |
3.2 |
10.9 |
|
Repayment of long-term loans payable |
-20.9 |
-3.7 |
-7.8 |
-6.9 |
-6.2 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Dividends Paid |
-1.6 |
-1.1 |
-0.8 |
0.0 |
0.0 |
|
Dividends paid to minority shareholders |
- |
- |
- |
- |
0.0 |
|
Other, net |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
|
Proceeds from issuance of bonds |
- |
0.0 |
5.8 |
0.0 |
- |
|
Redemption of bonds |
-1.2 |
-1.3 |
-0.6 |
0.0 |
- |
|
Cash from Financing Activities |
-12.8 |
-0.9 |
-1.9 |
2.7 |
-2.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
-0.1 |
-0.1 |
-0.1 |
-1.2 |
|
Net Change in Cash |
6.2 |
2.3 |
-12.7 |
17.9 |
-4.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
37.6 |
37.2 |
47.0 |
25.4 |
27.9 |
|
Net Cash - Ending Balance |
43.8 |
39.5 |
34.3 |
43.3 |
23.5 |
|
Cash Interest Paid |
1.1 |
1.2 |
1.1 |
1.0 |
1.2 |
|
Cash Taxes Paid |
7.4 |
3.3 |
2.0 |
0.6 |
0.6 |
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.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
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.