MIRA INFORM REPORT
|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TOWA CORPORATION |
|
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Registered Office : |
5, Kamitoba
Kamichoshi-cho, Minami-ku, Kyoto-Shi, 601-8105 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
17.04.1979 |
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Legal Form : |
Public Parent
Company |
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Line of Business : |
·
Development,
design, manufacture and sale of precision moulds, manufacture of systems for
electronic components, inspection systems for electronic components,
precision-moulded and assembly products, medical-use equipment and
electronic-communications equipment · Subject operates as Semiconductor Manufacturing Equipment & Fine Plastic Moldings segment |
|
|
|
|
No. of Employees : |
1,035 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
TOWA CORPORATION
5, Kamitoba
Kamichoshi-cho, Minami-ku
Kyoto-Shi,
601-8105
Japan
Tel: 81-75-6920250
Fax: 81-75-6920270
Web: www.towajapan.co.jp
synthesis
Employees: 1,035
Company Type: Public
Parent
Corporate Family: 17 Companies
Traded: Tokyo Stock Exchange: 6315
Incorporation Date: 17-Apr-1979
Auditor:
Kyoto Audit Corporation
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2013
Reporting Currency: Japanese
Yen
Annual Sales:
198.3 1
Net Income:
8.3
Total Assets:
275.2 2
Market Value:
140.5 (27-Sep-2013)
Business Description
TOWA CORPORATION is
a Japan-based company mainly engaged in the manufacture and sale of
semiconductor manufacturing precision molds and equipment. The Company operates
in two business segments. The Semiconductor Manufacturing Equipment segment
manufactures and sells semiconductor manufacturing precision molds, molding
equipment and singulation equipment, among others. The Fine Plastic Moldings
segment manufactures and sells medical apparatus parts. As of March 31, 2012,
the Company had 10 subsidiaries and three associated companies. For the three
months ended 30 June 2013, TOWA CORPORATION revenues decreased 37% to Y3.56B.
Net loss applicable to common stockholders totaled Y157.8M vs. income of
Y969.2M. Revenues reflect Semiconductor Manufacturing Equipment Business segment
decrease of 39% to Y3.2B. Net loss reflects Semiconductor Manufacturing
Equipment Business segment loss totaling Y206.9M vs. income of Y973.3M.
Industry
Industry Machinery and Equipment
Manufacturing
ANZSIC 2006: 2469 - Other Specialised Machinery and Equipment
Manufacturing
ISIC Rev 4: 2819 - Manufacture of other
general-purpose machinery
NACE Rev 2: 2829 - Manufacture of other
general-purpose machinery n.e.c.
NAICS 2012: 333242 - Semiconductor Machinery
Manufacturing
UK SIC 2007: 2829 - Manufacture of other general-purpose
machinery n.e.c.
US SIC 1987: 3559 - Special Industry Machinery, Not
Elsewhere Classified
Key
Executives
|
Name |
Title |
|
Kazuhiko Bando |
Chairman of the Board, Chief Executive Officer, Representative
Director |
|
Hirokazu Okada |
President, Chief Operating Officer, Representative Director |
|
Hisashi Nakamura |
Executive Officer, Chief Director of Sales |
|
Yoshizumi Tamura |
Director of General Affairs in Main Administration Unit, Director |
|
H Nishimura |
Director |
Significant Developments
|
* number of significant developments within the last 12 months
Financial Summary
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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
5, Kamitoba
Kamichoshi-cho, Minami-ku
Kyoto-Shi,
601-8105
Japan
Tel: 81-75-6920250
Fax: 81-75-6920270
Web: www.towajapan.co.jp
Quote Symbol -
Exchange
6315 - Tokyo Stock Exchange
Sales JPY(mil): 16,454.1
Assets JPY(mil): 25,896.9
Employees: 1,035
Fiscal Year End: 31-Mar-2013
Industry: Miscellaneous Capital
Goods
Incorporation
Date: 17-Apr-1979
Company Type: Public Parent
Quoted Status: Quoted
Chairman of the Board, Chief Executive Officer,
Representative Director:
Kazuhiko Bando
Industry
Codes
ANZSIC 2006
Codes:
2469 - Other
Specialised Machinery and Equipment Manufacturing
1919 - Other
Polymer Product Manufacturing
ISIC Rev 4 Codes:
2819 - Manufacture
of other general-purpose machinery
2220 - Manufacture
of plastics products
NACE Rev 2 Codes:
2829 - Manufacture
of other general-purpose machinery n.e.c.
2229 - Manufacture
of other plastic products
NAICS 2012 Codes:
333242 - Semiconductor
Machinery Manufacturing
326199 - All
Other Plastics Product Manufacturing
US SIC 1987:
3559 - Special
Industry Machinery, Not Elsewhere Classified
3089 - Plastics Products, Not Elsewhere
Classified
UK SIC 2007:
2829 - Manufacture of other general-purpose
machinery n.e.c.
2229 - Manufacture of other plastic products
Business Description
TOWA CORPORATION
is a Japan-based company mainly engaged in the manufacture and sale of
semiconductor manufacturing precision molds and equipment. The Company operates
in two business segments. The Semiconductor Manufacturing Equipment segment
manufactures and sells semiconductor manufacturing precision molds, molding
equipment and singulation equipment, among others. The Fine Plastic Moldings
segment manufactures and sells medical apparatus parts. As of March 31, 2012,
the Company had 10 subsidiaries and three associated companies. For the three
months ended 30 June 2013, TOWA CORPORATION revenues decreased 37% to Y3.56B.
Net loss applicable to common stockholders totaled Y157.8M vs. income of
Y969.2M. Revenues reflect Semiconductor Manufacturing Equipment Business
segment decrease of 39% to Y3.2B. Net loss reflects Semiconductor Manufacturing
Equipment Business segment loss totaling Y206.9M vs. income of Y973.3M.
More Business Descriptions
Development, design, manufacture and sale of
precision moulds, manufacture of systems for electronic components, inspection
systems for electronic components, precision-moulded and assembly products,
medical-use equipment and electronic-communications equipment
Semiconductor Mfr
Semiconductor and Other Electronic Component
Manufacturing
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Corporate Family |
Corporate
Structure News: |
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TOWA
CORPORATION |
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TOWA CORPORATION |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Kyoto-Shi |
Japan |
Machinery and Equipment Manufacturing |
198.3 |
1,035 |
|
|
Subsidiary |
Kyoto |
Japan |
Employment Services |
|
500 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Rubber and Plastic Product Manufacturing |
17.0 |
450 |
|
|
Subsidiary |
Suzhou, Jiangsu |
China |
Semiconductor and Other Electronic Component Manufacturing |
24.9 |
120 |
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Subsidiary |
Suzhou, Jiangsu |
China |
Machinery and Equipment Manufacturing |
|
110 |
|
|
Subsidiary |
Hsin-chu |
Taiwan |
Machinery Wholesale |
|
100 |
|
|
Subsidiary |
Prai, Pulau Pinang |
Malaysia |
Rubber and Plastic Product Manufacturing |
4.3 |
95 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electrical Equipment and Appliances Manufacturing |
|
53 |
|
|
Subsidiary |
Kyoto |
Japan |
Industrial Machinery Repair and Maintenance |
|
50 |
|
|
Subsidiary |
Binan, Laguna |
Philippines |
Machinery and Equipment Manufacturing |
|
13 |
|
|
Subsidiary |
Morgan Hill, CA |
United States |
Electronics Wholesale |
24.8 |
8 |
|
|
Subsidiary |
Hsin-chu |
Taiwan |
Semiconductor and Other Electronic Component Manufacturing |
|
6 |
|
|
Subsidiary |
Dusseldorf |
Germany |
Electronics Wholesale |
|
3 |
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Subsidiary |
Nirasaki, Yamanashi |
Japan |
Chemical Wholesale |
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Subsidiary |
Sheung Wan |
Hong Kong |
Industrial Machinery Repair and Maintenance |
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Subsidiary |
Shanghai |
China |
Machinery and Equipment Manufacturing |
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Facility |
Kyoto |
Japan |
Machinery and Equipment Manufacturing |
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Executive report
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Board of
Directors |
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Chairman of the Board, Chief Executive Officer, Representative
Director |
Chairman |
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Senior Managing Director |
Director/Board Member |
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Managing Director, Chairman of Subsidiary |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Board Member |
Director/Board Member |
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President, Chief Operating Officer, Representative Director |
Director/Board Member |
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Director of General Affairs in Main Administration Unit, Director |
Director/Board Member |
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Executive Officer, Chief Director of Development, Director |
Director/Board Member |
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Executives |
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Chairman of the Board, Chief Executive Officer, Representative
Director |
Chief Executive Officer |
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President, Chief Operating Officer, Representative Director |
President |
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Executive Officer, Director of Mould
Business |
Division Head Executive |
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Executive Officer, Chief Director of
Administration |
Division Head Executive |
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Executive Officer, Chief Director of Sales |
Division Head Executive |
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Executive Officer, Chief Director of
Development, Director |
Division Head Executive |
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Senior Managing Director |
Managing Director |
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Managing Director, Chairman of Subsidiary |
Managing Director |
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Managing Director |
Managing Director |
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Director |
Administration Executive |
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Director of General Affairs in Main Administration Unit, Director |
Administration Executive |
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Auditor |
Accounting Executive |
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Auditor |
Accounting Executive |
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Auditor |
Accounting Executive |
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TOWA CORP Amends Consolidated Full-year Outlook for FY 2013 Apr 24, 2013
TOWA CORP announced that it has raised the consolidated full-year outlook for
revenue from JPY 16,300 million to JPY 16,454 million, but has lowered the
consolidated full-year outlook for operating profit (loss) from JPY 220 million
to JPY (439 million), ordinary profit from JPY 800 million to JPY 663 million,
net profit from JPY 780 million to JPY 691 million and earning per share from
JPY 31.18 to JPY 27.63 for the fiscal year ended March 31, 2013. The negative
profit outlook is mainly due to increase of losses.
TOWA CORP Lowers Consolidated Full-year Outlook for FY 2013 Feb 12, 2013
TOWA CORP announced that it has lowered its consolidated full-year outlook for
revenue from JPY 19,000 million to JPY 16,300 million, operating profit from JPY
1,800 million to JPY 220 million, ordinary profit from JPY 1,710 million to JPY
800 million, net profit from JPY 1,680 million to JPY 780 million and earning
per share from JPY 67.17 to JPY 31.18, for the fiscal year ending March 2013.
The Company lowered the outlook due to the decreased demands, among others.
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
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Net Sales |
198.3 |
217.1 |
263.7 |
153.6 |
115.2 |
|
Revenue |
198.3 |
217.1 |
263.7 |
153.6 |
115.2 |
|
Total Revenue |
198.3 |
217.1 |
263.7 |
153.6 |
115.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
153.0 |
149.3 |
168.5 |
120.4 |
106.3 |
|
Cost of Revenue, Total |
153.0 |
149.3 |
168.5 |
120.4 |
106.3 |
|
Gross Profit |
45.3 |
67.8 |
95.1 |
33.2 |
8.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
35.9 |
33.1 |
30.9 |
24.9 |
23.0 |
|
Labor & Related Expense |
12.4 |
12.9 |
12.9 |
10.4 |
14.0 |
|
Total Selling/General/Administrative Expenses |
48.3 |
46.0 |
43.8 |
35.3 |
37.0 |
|
Research & Development |
2.3 |
3.0 |
3.9 |
1.6 |
2.6 |
|
Depreciation |
- |
- |
- |
- |
2.5 |
|
Depreciation/Amortization |
- |
- |
- |
- |
2.5 |
|
Impairment-Assets Held for Use |
0.2 |
0.4 |
1.6 |
0.2 |
1.8 |
|
Impairment-Assets Held for Sale |
0.0 |
0.0 |
0.0 |
0.4 |
2.2 |
|
Other Unusual Expense (Income) |
-1.1 |
0.2 |
0.0 |
-0.3 |
-0.2 |
|
Unusual Expense (Income) |
-0.9 |
0.6 |
1.5 |
0.3 |
3.8 |
|
Total Operating Expense |
202.7 |
199.0 |
217.7 |
157.5 |
152.2 |
|
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|
|
|
|
|
|
Operating Income |
-4.4 |
18.1 |
45.9 |
-3.9 |
-37.0 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.9 |
-1.5 |
-2.3 |
-2.8 |
-3.0 |
|
Interest Expense, Net Non-Operating |
-0.9 |
-1.5 |
-2.3 |
-2.8 |
-3.0 |
|
Interest Income -
Non-Operating |
0.5 |
0.3 |
0.2 |
0.1 |
0.2 |
|
Investment Income -
Non-Operating |
13.0 |
-4.9 |
1.6 |
0.0 |
-0.7 |
|
Interest/Investment Income - Non-Operating |
13.5 |
-4.6 |
1.7 |
0.1 |
-0.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
12.5 |
-6.1 |
-0.6 |
-2.8 |
-3.5 |
|
Gain (Loss) on Sale of Assets |
0.3 |
0.2 |
0.1 |
0.9 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.7 |
1.5 |
0.5 |
2.7 |
0.1 |
|
Other, Net |
0.7 |
1.5 |
0.5 |
2.7 |
0.1 |
|
Income Before Tax |
9.2 |
13.7 |
46.0 |
-3.1 |
-40.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.9 |
1.4 |
2.2 |
0.5 |
1.0 |
|
Income After Tax |
8.2 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
- |
- |
- |
- |
|
Net Income Before Extraord Items |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
Net Income |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Basic EPS Excl Extraord Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Basic/Primary EPS Incl Extraord Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
Diluted Weighted Average Shares |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Diluted EPS Excl Extraord Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Diluted EPS Incl Extraord Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Dividends per Share - Common Stock Primary Issue |
0.12 |
0.06 |
0.12 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
3.0 |
1.6 |
2.9 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.9 |
1.5 |
2.3 |
2.8 |
3.0 |
|
Depreciation, Supplemental |
16.3 |
15.0 |
13.7 |
14.1 |
13.1 |
|
Total Special Items |
-0.7 |
0.4 |
1.4 |
-0.6 |
3.8 |
|
Normalized Income Before Tax |
8.4 |
14.1 |
47.4 |
-3.7 |
-36.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.1 |
0.0 |
0.1 |
-0.2 |
1.3 |
|
Inc Tax Ex Impact of Sp Items |
0.8 |
1.5 |
2.3 |
0.3 |
2.4 |
|
Normalized Income After Tax |
7.6 |
12.6 |
45.1 |
-4.0 |
-39.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
7.7 |
12.6 |
45.1 |
-4.0 |
-39.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.51 |
1.80 |
-0.16 |
-1.56 |
|
Diluted Normalized EPS |
0.31 |
0.51 |
1.80 |
-0.16 |
-1.56 |
|
Amort of Acquisition Costs, Supplemental |
0.4 |
- |
- |
- |
- |
|
Research & Development Exp, Supplemental |
2.3 |
3.0 |
3.9 |
1.6 |
2.6 |
|
Reported Operating Profit |
-5.3 |
18.7 |
47.5 |
-3.6 |
-33.2 |
|
Reported Ordinary Profit |
8.0 |
21.2 |
47.4 |
-3.7 |
-36.6 |
|
Normalized EBIT |
-5.3 |
18.7 |
47.5 |
-3.6 |
-33.2 |
|
Normalized EBITDA |
11.5 |
33.7 |
61.1 |
10.4 |
-20.1 |
|
Current Tax - Total |
1.1 |
1.8 |
- |
- |
- |
|
Current Tax - Total |
1.1 |
1.8 |
- |
- |
- |
|
Deferred Tax - Total |
-0.2 |
-0.4 |
- |
- |
- |
|
Deferred Tax - Total |
-0.2 |
-0.4 |
- |
- |
- |
|
Income Tax - Total |
0.9 |
1.4 |
- |
- |
- |
|
Interest Cost - Domestic |
0.2 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Service Cost - Domestic |
1.5 |
1.2 |
1.3 |
1.1 |
0.9 |
|
Expected Return on Assets - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Transition Costs - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
2.1 |
1.7 |
1.9 |
1.6 |
1.3 |
|
Total Pension Expense |
2.1 |
1.7 |
1.9 |
1.6 |
1.3 |
|
Discount Rate - Domestic |
0.89% |
1.21% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Total Plan Interest Cost |
0.2 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Total Plan Service Cost |
1.5 |
1.2 |
1.3 |
1.1 |
0.9 |
|
Total Plan Expected Return |
- |
- |
0.0 |
0.0 |
0.0 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
59.6 |
57.2 |
62.0 |
41.7 |
44.5 |
|
Cash and Short Term Investments |
59.6 |
57.2 |
62.0 |
41.7 |
44.5 |
|
Accounts Receivable -
Trade, Gross |
40.5 |
70.4 |
66.6 |
60.2 |
33.5 |
|
Provision for Doubtful
Accounts |
0.0 |
-0.1 |
0.0 |
-0.1 |
-0.2 |
|
Trade Accounts Receivable - Net |
40.5 |
70.3 |
66.5 |
60.1 |
33.4 |
|
Total Receivables, Net |
40.5 |
70.3 |
66.5 |
60.1 |
33.4 |
|
Inventories - Finished Goods |
6.3 |
10.1 |
8.1 |
7.6 |
10.9 |
|
Inventories - Work In Progress |
24.3 |
26.7 |
22.6 |
19.9 |
34.5 |
|
Inventories - Raw Materials |
4.4 |
4.1 |
2.2 |
2.5 |
3.9 |
|
Total Inventory |
35.0 |
40.9 |
33.0 |
30.0 |
49.3 |
|
Deferred Income Tax - Current Asset |
0.5 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Other Current Assets |
2.7 |
3.2 |
3.2 |
2.2 |
2.2 |
|
Other Current Assets, Total |
3.2 |
3.4 |
3.4 |
2.4 |
2.4 |
|
Total Current Assets |
138.3 |
171.8 |
164.9 |
134.3 |
129.6 |
|
|
|
|
|
|
|
|
Buildings |
131.2 |
144.9 |
145.9 |
132.2 |
125.7 |
|
Land/Improvements |
44.8 |
50.5 |
50.5 |
45.3 |
44.2 |
|
Machinery/Equipment |
92.1 |
93.9 |
93.9 |
82.4 |
79.0 |
|
Construction in
Progress |
0.3 |
1.2 |
1.0 |
0.2 |
0.5 |
|
Other
Property/Plant/Equipment |
24.0 |
24.7 |
24.5 |
22.3 |
21.4 |
|
Property/Plant/Equipment - Gross |
292.3 |
315.1 |
315.8 |
282.5 |
270.8 |
|
Accumulated Depreciation |
-183.7 |
-197.4 |
-197.9 |
-171.5 |
-155.7 |
|
Property/Plant/Equipment - Net |
108.6 |
117.7 |
117.9 |
111.0 |
115.1 |
|
Goodwill, Net |
0.8 |
- |
- |
- |
- |
|
Intangibles, Net |
5.9 |
8.7 |
10.6 |
12.3 |
14.6 |
|
LT Investment - Affiliate Companies |
2.1 |
3.2 |
12.3 |
- |
- |
|
LT Investments - Other |
15.4 |
19.5 |
19.1 |
24.8 |
18.4 |
|
Long Term Investments |
17.5 |
22.7 |
31.4 |
24.8 |
18.4 |
|
Deferred Income Tax - Long Term Asset |
0.8 |
0.7 |
0.6 |
0.1 |
0.1 |
|
Other Long Term Assets |
3.4 |
3.8 |
3.8 |
3.7 |
5.1 |
|
Other Long Term Assets, Total |
4.1 |
4.6 |
4.4 |
3.8 |
5.2 |
|
Total Assets |
275.2 |
325.5 |
329.3 |
286.2 |
283.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
14.2 |
33.0 |
23.9 |
21.9 |
5.6 |
|
Accrued Expenses |
3.5 |
5.4 |
5.6 |
2.1 |
2.4 |
|
Notes Payable/Short Term Debt |
11.4 |
17.0 |
35.0 |
59.8 |
87.6 |
|
Current Portion - Long Term Debt/Capital Leases |
11.9 |
32.4 |
21.6 |
19.0 |
21.7 |
|
Income Taxes Payable |
1.1 |
1.8 |
2.1 |
0.5 |
0.4 |
|
Other Payables |
- |
- |
- |
0.0 |
5.4 |
|
Deferred Income Tax - Current Liability |
0.5 |
0.4 |
0.6 |
0.0 |
- |
|
Other Current Liabilities |
10.4 |
11.9 |
13.8 |
9.3 |
4.0 |
|
Other Current liabilities, Total |
12.0 |
14.1 |
16.5 |
9.8 |
9.8 |
|
Total Current Liabilities |
53.0 |
101.9 |
102.6 |
112.5 |
127.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
30.6 |
18.6 |
36.2 |
44.9 |
35.1 |
|
Capital Lease Obligations |
0.0 |
- |
- |
- |
- |
|
Total Long Term Debt |
30.6 |
18.6 |
36.2 |
44.9 |
35.1 |
|
Total Debt |
53.9 |
68.0 |
92.8 |
123.7 |
144.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.5 |
2.2 |
2.7 |
1.6 |
0.8 |
|
Deferred Income Tax |
1.5 |
2.2 |
2.7 |
1.6 |
0.8 |
|
Minority Interest |
2.1 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
8.7 |
9.5 |
9.5 |
8.4 |
7.7 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Liabilities, Total |
8.7 |
9.5 |
9.5 |
8.4 |
7.8 |
|
Total Liabilities |
95.9 |
132.2 |
151.0 |
167.5 |
170.7 |
|
|
|
|
|
|
|
|
Common Stock |
94.9 |
108.4 |
107.8 |
95.6 |
90.4 |
|
Common Stock |
94.9 |
108.4 |
107.8 |
95.6 |
90.4 |
|
Additional Paid-In Capital |
4.9 |
5.6 |
5.6 |
4.9 |
31.5 |
|
Retained Earnings (Accumulated Deficit) |
73.2 |
76.8 |
67.6 |
19.8 |
-4.7 |
|
Treasury Stock - Common |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Unrealized Gain (Loss) |
4.2 |
6.0 |
6.2 |
4.3 |
0.8 |
|
Translation Adjustment |
2.2 |
-3.4 |
-8.9 |
-5.9 |
-5.7 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
2.2 |
-3.4 |
-8.9 |
-5.9 |
-5.7 |
|
Total Equity |
179.3 |
193.3 |
178.2 |
118.7 |
112.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
275.2 |
325.5 |
329.3 |
286.2 |
283.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Total Common Shares Outstanding |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
1,035 |
948 |
936 |
915 |
1,005 |
|
Number of Common Shareholders |
8,256 |
9,224 |
9,364 |
9,763 |
9,952 |
|
Total Long Term Debt, Supplemental |
42.5 |
51.0 |
57.9 |
63.9 |
56.8 |
|
Long Term Debt Maturing within 1 Year |
11.9 |
32.4 |
21.6 |
19.0 |
21.7 |
|
Long Term Debt Maturing in Year 2 |
10.6 |
7.1 |
29.1 |
18.5 |
21.9 |
|
Long Term Debt Maturing in Year 3 |
10.1 |
4.8 |
3.9 |
24.3 |
7.4 |
|
Long Term Debt Maturing in Year 4 |
7.6 |
4.8 |
1.6 |
2.0 |
3.8 |
|
Long Term Debt Maturing in Year 5 |
2.3 |
1.9 |
1.6 |
- |
1.9 |
|
Long Term Debt Maturing in 2-3 Years |
20.7 |
11.9 |
33.0 |
42.9 |
29.4 |
|
Long Term Debt Maturing in 4-5 Years |
9.9 |
6.7 |
3.3 |
2.0 |
5.7 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
- |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
- |
- |
- |
- |
|
Pension Obligation - Domestic |
20.4 |
21.9 |
19.7 |
17.7 |
15.2 |
|
Plan Assets - Domestic |
11.0 |
10.6 |
9.7 |
8.4 |
6.4 |
|
Funded Status - Domestic |
-9.4 |
-11.3 |
-10.0 |
-9.3 |
-8.8 |
|
Total Funded Status |
-9.4 |
-11.3 |
-10.0 |
-9.3 |
-8.8 |
|
Discount Rate - Domestic |
0.89% |
1.21% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Prepaid Benefits - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-8.7 |
-9.5 |
-9.5 |
-8.4 |
-7.7 |
|
Other Assets, Net - Domestic |
0.7 |
1.8 |
0.5 |
0.9 |
1.1 |
|
Net Assets Recognized on Balance Sheet |
-8.0 |
-7.7 |
-9.0 |
-7.4 |
-6.7 |
|
Total Plan Obligations |
20.4 |
21.9 |
19.7 |
17.7 |
15.2 |
|
Total Plan Assets |
11.0 |
10.6 |
9.7 |
8.4 |
6.4 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
9.2 |
13.7 |
46.0 |
-3.1 |
-40.4 |
|
Depreciation |
16.3 |
15.0 |
13.7 |
14.1 |
13.1 |
|
Depreciation/Depletion |
16.3 |
15.0 |
13.7 |
14.1 |
13.1 |
|
Amortization of Acquisition Costs |
0.4 |
- |
- |
- |
- |
|
Amortization |
0.4 |
- |
- |
- |
- |
|
Unusual Items |
-1.2 |
7.5 |
1.5 |
-0.3 |
4.0 |
|
Equity in Net Earnings (Loss) |
-0.3 |
-0.4 |
-2.2 |
-0.2 |
0.6 |
|
Other Non-Cash Items |
1.4 |
-0.4 |
3.3 |
3.7 |
3.5 |
|
Non-Cash Items |
-0.1 |
6.7 |
2.7 |
3.1 |
8.1 |
|
Accounts Receivable |
25.9 |
-4.9 |
1.3 |
-24.2 |
64.5 |
|
Inventories |
3.9 |
-8.1 |
0.5 |
22.0 |
-9.2 |
|
Other Assets |
0.2 |
-0.1 |
-0.1 |
0.6 |
1.7 |
|
Accounts Payable |
-18.8 |
5.4 |
-0.4 |
16.0 |
-22.5 |
|
Accrued Expenses |
-1.4 |
-0.2 |
3.1 |
-0.4 |
-2.2 |
|
Other Liabilities |
-0.5 |
-0.9 |
1.4 |
1.0 |
-4.4 |
|
Other Operating Cash Flow |
-2.4 |
-2.6 |
-3.1 |
-2.4 |
-2.8 |
|
Changes in Working Capital |
6.8 |
-11.3 |
2.7 |
12.7 |
25.2 |
|
Cash from Operating Activities |
32.7 |
24.0 |
65.0 |
26.8 |
6.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-14.5 |
-11.9 |
-5.7 |
-5.1 |
-14.3 |
|
Capital Expenditures |
-14.5 |
-11.9 |
-5.7 |
-5.1 |
-14.3 |
|
Sale of Business |
0.7 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
0.8 |
4.4 |
0.2 |
1.9 |
0.1 |
|
Sale/Maturity of Investment |
7.2 |
12.2 |
3.1 |
0.0 |
0.0 |
|
Purchase of Investments |
-7.0 |
-6.2 |
-4.9 |
-0.7 |
-0.1 |
|
Other Investing Cash Flow |
-0.3 |
0.1 |
0.1 |
0.7 |
-0.5 |
|
Other Investing Cash Flow Items, Total |
1.4 |
10.5 |
-1.5 |
1.9 |
-0.5 |
|
Cash from Investing Activities |
-13.1 |
-1.4 |
-7.2 |
-3.1 |
-14.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
- |
- |
- |
- |
|
Financing Cash Flow Items |
0.0 |
- |
- |
- |
- |
|
Cash Dividends Paid - Common |
-1.5 |
-3.2 |
0.0 |
0.0 |
-2.5 |
|
Total Cash Dividends Paid |
-1.5 |
-3.2 |
0.0 |
0.0 |
-2.5 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term Debt, Net |
-5.4 |
-18.2 |
-30.7 |
-33.3 |
32.3 |
|
Long Term Debt Issued |
33.1 |
16.5 |
7.0 |
36.6 |
14.9 |
|
Long Term Debt
Reduction |
-36.0 |
-24.0 |
-20.7 |
-32.7 |
-25.1 |
|
Long Term Debt, Net |
-2.9 |
-7.5 |
-13.7 |
3.9 |
-10.2 |
|
Issuance (Retirement) of Debt, Net |
-8.3 |
-25.7 |
-44.4 |
-29.4 |
22.1 |
|
Cash from Financing Activities |
-9.9 |
-28.9 |
-44.4 |
-29.4 |
19.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.8 |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
|
Net Change in Cash |
10.5 |
-6.8 |
12.8 |
-6.1 |
10.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
53.0 |
62.5 |
44.8 |
47.3 |
33.4 |
|
Net Cash - Ending Balance |
63.5 |
55.7 |
57.6 |
41.3 |
43.8 |
|
Cash Interest Paid |
1.1 |
1.5 |
2.4 |
2.7 |
3.1 |
|
Cash Taxes Paid |
2.3 |
2.1 |
1.3 |
0.5 |
0.5 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
198.3 |
217.1 |
263.7 |
153.6 |
115.2 |
|
Total Revenue |
198.3 |
217.1 |
263.7 |
153.6 |
115.2 |
|
|
|
|
|
|
|
|
Cost of finished goods sold |
153.0 |
149.3 |
168.5 |
120.4 |
106.3 |
|
Provision For Bonuses |
0.9 |
1.4 |
- |
- |
- |
|
Retirement Benefit Expenses |
0.6 |
0.6 |
- |
- |
- |
|
Other sga |
30.4 |
- |
- |
- |
- |
|
Prov. of Allow. for Doubt. Acct. |
0.0 |
0.1 |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
- |
33.0 |
- |
- |
- |
|
Sales Commission |
5.5 |
- |
6.6 |
- |
2.3 |
|
Provision for Doubt. Accounts |
- |
- |
0.0 |
- |
- |
|
Director's Remuneration |
- |
- |
- |
- |
2.8 |
|
Salaries And Allowances |
10.6 |
10.5 |
10.3 |
9.6 |
9.9 |
|
Provision for Bonuses |
- |
- |
1.4 |
0.6 |
0.8 |
|
Provision for Officers' Bonuses |
0.4 |
0.4 |
0.6 |
- |
0.0 |
|
Periodic retirement benefit costs |
- |
- |
0.6 |
0.2 |
0.5 |
|
Reserve director's retire. benefits |
- |
- |
- |
- |
0.0 |
|
Research And Development Expenses |
2.3 |
3.0 |
- |
- |
- |
|
R & D Expenses |
- |
- |
3.9 |
1.6 |
2.6 |
|
Depreciation |
- |
- |
- |
- |
2.5 |
|
Commission Expense |
- |
- |
- |
- |
4.8 |
|
Other SGA |
- |
- |
24.3 |
24.9 |
15.9 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Gain on step acquisitions |
-1.1 |
0.0 |
- |
- |
- |
|
SP Rev.Allow.Doubtful |
- |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
SP Rev.Allow.Directors' Bonus |
- |
- |
- |
0.0 |
0.0 |
|
SP Rev.Allow. Bonus |
- |
- |
0.0 |
-1.1 |
0.0 |
|
SP Rev.res.products guarant. |
- |
- |
- |
0.0 |
-0.4 |
|
SP Other Special Income |
- |
- |
0.0 |
- |
0.0 |
|
SP Write Off Fixed |
0.2 |
0.4 |
0.1 |
0.2 |
0.1 |
|
Loss on valuation of golf club membershi |
0.0 |
0.0 |
- |
- |
- |
|
SP Loss-Valu.Inv. Secs. |
- |
- |
- |
0.0 |
2.2 |
|
SP Operation Downturn |
- |
- |
0.0 |
0.9 |
0.4 |
|
SP Impairment loss |
- |
- |
1.5 |
0.0 |
1.6 |
|
SP L on val. of inv't in closely-held |
- |
- |
0.0 |
0.4 |
0.0 |
|
SP Other special loss |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
202.7 |
199.0 |
217.7 |
157.5 |
152.2 |
|
|
|
|
|
|
|
|
Impairment Loss |
- |
0.0 |
- |
- |
- |
|
Loss On Sales Of Stocks Of Subsidiaries |
0.0 |
-7.1 |
- |
- |
- |
|
SP Gain-Sale Fixed |
0.3 |
0.2 |
0.1 |
0.6 |
0.0 |
|
Foreign exchange gains |
12.4 |
1.5 |
- |
- |
- |
|
SP Gain-Sale Inv. Secs. |
- |
- |
- |
- |
0.0 |
|
SP G on liquidation of affiliates |
- |
- |
0.0 |
0.4 |
0.0 |
|
SP G on transfer of equipment |
- |
- |
- |
- |
0.0 |
|
SP Loss-Sale Fixed |
- |
- |
- |
0.0 |
0.0 |
|
SP L on sale of affiliated securities |
- |
- |
0.0 |
- |
0.0 |
|
NOP Interest Income |
0.5 |
0.3 |
0.2 |
0.1 |
0.2 |
|
NOP Dividend Income |
0.3 |
0.3 |
0.2 |
0.2 |
0.3 |
|
Reversal of allowance for doubtful accou |
0.1 |
0.0 |
- |
- |
- |
|
Penalty Income |
0.0 |
0.6 |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
NOP Research Commission |
- |
- |
- |
0.0 |
0.1 |
|
NOP Exchange Gain |
- |
- |
0.0 |
- |
- |
|
NOP Subsidy income |
0.0 |
0.6 |
0.2 |
3.6 |
0.0 |
|
NOP Equity Gain |
0.3 |
0.4 |
2.2 |
0.2 |
0.0 |
|
NOP Technical service income |
- |
- |
- |
- |
0.0 |
|
NOP Penalty Income |
- |
- |
0.0 |
- |
- |
|
NOP Other Income |
1.5 |
0.8 |
1.0 |
0.8 |
0.6 |
|
NOP Interest Expense |
-0.9 |
-1.5 |
-2.3 |
-2.8 |
-3.0 |
|
NOP Exchange Loss |
- |
0.0 |
-0.8 |
-0.4 |
-0.3 |
|
NOP Equity Loss |
- |
- |
- |
0.0 |
-0.6 |
|
NOP Commision expense |
-0.8 |
-0.4 |
-0.3 |
-1.3 |
0.0 |
|
NOP Other Expenses |
-0.1 |
0.0 |
-0.3 |
-0.4 |
-0.5 |
|
Net Income Before Taxes |
9.2 |
13.7 |
46.0 |
-3.1 |
-40.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.9 |
1.4 |
2.2 |
0.5 |
1.0 |
|
Net Income After Taxes |
8.2 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Minority interests in income |
0.1 |
- |
- |
- |
- |
|
Net Income Before Extra. Items |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
Net Income |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Adjustment |
- |
- |
0.0 |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Basic EPS Including ExtraOrdinary Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Dilution Adjustment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
8.3 |
12.3 |
43.8 |
-3.6 |
-41.4 |
|
Diluted Weighted Average Shares |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
Diluted EPS Including ExtraOrd Items |
0.33 |
0.49 |
1.75 |
-0.14 |
-1.66 |
|
DPS-Ordinary Shares |
0.12 |
0.06 |
0.12 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
3.0 |
1.6 |
2.9 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
8.4 |
14.1 |
47.4 |
-3.7 |
-36.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.8 |
1.5 |
2.3 |
0.3 |
2.4 |
|
Normalized Income After Taxes |
7.6 |
12.6 |
45.1 |
-4.0 |
-39.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
7.7 |
12.6 |
45.1 |
-4.0 |
-39.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.51 |
1.80 |
-0.16 |
-1.56 |
|
Diluted Normalized EPS |
0.31 |
0.51 |
1.80 |
-0.16 |
-1.56 |
|
Research And Development Expenses |
2.3 |
3.0 |
- |
- |
- |
|
Research & Development Exp. |
- |
- |
3.9 |
1.6 |
2.6 |
|
Interest Expense |
0.9 |
1.5 |
2.3 |
2.8 |
3.0 |
|
Amort of Acquisition Costs |
0.4 |
- |
- |
- |
- |
|
BC - Depreciation of Fixed Assets |
16.3 |
- |
- |
- |
- |
|
Amort of Tangible Assets-Current Portion |
- |
15.0 |
- |
- |
- |
|
Depreciation |
- |
- |
13.7 |
14.1 |
13.1 |
|
Income taxes-current |
1.1 |
1.8 |
- |
- |
- |
|
Current Tax - Total |
1.1 |
1.8 |
- |
- |
- |
|
Income taxes-deferred |
-0.2 |
-0.4 |
- |
- |
- |
|
Deferred Tax - Total |
-0.2 |
-0.4 |
- |
- |
- |
|
Income Tax - Total |
0.9 |
1.4 |
- |
- |
- |
|
Reported operating profit |
-5.3 |
18.7 |
47.5 |
-3.6 |
-33.2 |
|
Reported ordinary profit |
8.0 |
21.2 |
47.4 |
-3.7 |
-36.6 |
|
Service cost |
1.5 |
1.2 |
1.3 |
1.1 |
0.9 |
|
Interest cost |
0.2 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Expected return on plan asset |
- |
- |
0.0 |
0.0 |
0.0 |
|
Exp. due to accouting change |
- |
- |
0.0 |
0.0 |
0.0 |
|
Actuarial G/L |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Domestic Pension Plan Expense |
2.1 |
1.7 |
1.9 |
1.6 |
1.3 |
|
Total Pension Expense |
2.1 |
1.7 |
1.9 |
1.6 |
1.3 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
0.89% |
1.21% |
- |
- |
- |
|
Discount rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
0.00% |
0.00% |
- |
- |
- |
|
Expected rate of return |
- |
- |
0.00% |
0.00% |
0.00% |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
59.6 |
57.2 |
62.0 |
41.7 |
44.5 |
|
Notes and accounts receivable-trade |
40.5 |
70.4 |
66.6 |
60.2 |
33.5 |
|
Inventories - merchandise/finished goods |
6.3 |
10.1 |
8.1 |
7.6 |
10.9 |
|
Inventories - work-in-process |
24.3 |
26.7 |
22.6 |
19.9 |
34.5 |
|
Inventories - raw materials/supplies |
4.4 |
4.1 |
2.2 |
2.5 |
3.9 |
|
Deferred Tax |
0.5 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Assets |
2.7 |
3.2 |
3.2 |
2.2 |
2.2 |
|
Doubtful Account |
0.0 |
-0.1 |
0.0 |
-0.1 |
-0.2 |
|
Total Current Assets |
138.3 |
171.8 |
164.9 |
134.3 |
129.6 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
131.2 |
144.9 |
145.9 |
132.2 |
125.7 |
|
Accumulated depreciation |
0.0 |
- |
- |
- |
- |
|
Accum Dep & Impairment Loss of Buildings |
-92.0 |
-100.0 |
-98.8 |
-86.4 |
-78.7 |
|
Machinery, equipment and vehicles |
92.1 |
93.9 |
93.9 |
82.4 |
79.0 |
|
Acc.
Depre&Impair-Machine,Equip&Vehicle |
-70.8 |
-75.7 |
-76.9 |
-65.3 |
-58.9 |
|
Land |
44.8 |
50.5 |
50.5 |
45.3 |
44.2 |
|
Constr. In Prog. |
0.3 |
1.2 |
1.0 |
0.2 |
0.5 |
|
Lease assets |
0.0 |
- |
- |
- |
- |
|
Other PP & E |
23.9 |
24.7 |
24.5 |
22.3 |
21.4 |
|
Accumulated depreciation, Other |
-20.9 |
-21.7 |
-22.2 |
-19.8 |
-18.1 |
|
Other Total intangible assets |
0.0 |
- |
- |
- |
- |
|
Software |
- |
- |
- |
0.0 |
13.8 |
|
Goodwill |
0.8 |
- |
- |
- |
- |
|
Other Intangible |
5.9 |
8.7 |
10.6 |
12.3 |
0.8 |
|
Other LT Investments (Held for Sale / He |
15.4 |
19.5 |
- |
- |
- |
|
Investment Secs. |
- |
- |
19.1 |
24.8 |
18.4 |
|
Invt Secs Noncons, Asc, Affd Cos |
2.1 |
3.2 |
- |
- |
- |
|
Inv't partnership-nonconsol.affil. |
- |
- |
12.3 |
- |
- |
|
Deferred tax assets |
0.8 |
0.7 |
0.6 |
0.1 |
0.1 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Assets |
3.4 |
3.8 |
3.8 |
3.7 |
5.1 |
|
Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Other Total Property/Plant/Equipment, Ne |
- |
0.0 |
- |
- |
- |
|
Total Assets |
275.2 |
325.5 |
329.3 |
286.2 |
283.0 |
|
|
|
|
|
|
|
|
Notes payable-facilities |
3.7 |
3.9 |
- |
- |
- |
|
Notes and accounts payable-trade |
10.5 |
29.1 |
23.9 |
21.9 |
5.6 |
|
Short-term loans payable |
11.4 |
17.0 |
35.0 |
59.8 |
87.6 |
|
Lease obligations |
0.0 |
- |
- |
- |
- |
|
Current portion of long-term loans payab |
10.8 |
31.7 |
21.2 |
13.9 |
15.9 |
|
Cur.port.bond |
1.1 |
0.7 |
0.4 |
5.1 |
5.8 |
|
Other Payable |
- |
- |
- |
0.0 |
5.4 |
|
Tax Payable |
1.1 |
1.8 |
2.1 |
0.5 |
0.4 |
|
Rounding adjustment Liability |
0.0 |
0.0 |
- |
- |
- |
|
Allowance for Warrant |
0.7 |
0.8 |
1.9 |
0.7 |
0.3 |
|
Bonus Allowance |
3.2 |
5.0 |
5.0 |
2.1 |
2.4 |
|
Allowance director's bonus |
- |
- |
- |
- |
0.0 |
|
Deferred tax liabilities, current |
0.5 |
0.4 |
0.6 |
0.0 |
- |
|
Provision for directors'' bonuses |
0.3 |
0.4 |
0.6 |
0.0 |
- |
|
Other Liability |
9.7 |
11.1 |
11.9 |
8.6 |
3.7 |
|
Total Current Liabilities |
53.0 |
101.9 |
102.6 |
112.5 |
127.0 |
|
|
|
|
|
|
|
|
Lease obligations |
0.0 |
- |
- |
- |
- |
|
Bond debts |
3.6 |
2.9 |
0.0 |
0.4 |
5.1 |
|
Long-term loans payable |
27.0 |
15.7 |
36.2 |
44.5 |
29.9 |
|
Total Long Term Debt |
30.6 |
18.6 |
36.2 |
44.9 |
35.1 |
|
|
|
|
|
|
|
|
Deferred Tax |
1.5 |
2.2 |
2.7 |
1.6 |
0.8 |
|
Allow.Accr.Retir |
8.7 |
9.5 |
9.5 |
8.4 |
7.7 |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
Other Liability |
- |
- |
0.0 |
0.0 |
0.0 |
|
Equity Minority Interests |
2.1 |
- |
- |
- |
- |
|
Total Liabilities |
95.9 |
132.2 |
151.0 |
167.5 |
170.7 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Common Stock |
94.9 |
108.4 |
107.8 |
95.6 |
90.4 |
|
Total capital surpluses |
4.9 |
5.6 |
5.6 |
4.9 |
31.5 |
|
Retained Earnings |
73.2 |
76.8 |
67.6 |
19.8 |
-4.7 |
|
Valuation difference on available-for-sa |
4.2 |
6.0 |
6.2 |
4.3 |
0.8 |
|
Trans. Adjust. |
2.2 |
-3.4 |
-8.9 |
-5.9 |
-5.7 |
|
Treasury Stock |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Equity |
179.3 |
193.3 |
178.2 |
118.7 |
112.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
275.2 |
325.5 |
329.3 |
286.2 |
283.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
Total Common Shares Outstanding |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
1,035 |
948 |
936 |
915 |
1,005 |
|
Total Number of Shareholders |
8,256 |
9,224 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
9,364 |
9,763 |
9,952 |
|
Within One Year |
1.1 |
0.7 |
- |
- |
- |
|
Division And End Of Current Period Remai |
10.8 |
31.7 |
- |
- |
- |
|
LT Debts Maturing within 1yr. |
- |
- |
21.6 |
19.0 |
21.7 |
|
Over One Year And Within Two Years |
1.1 |
0.7 |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
9.5 |
6.3 |
- |
- |
- |
|
LT Debts Maturing within 2yr. |
- |
- |
29.1 |
18.5 |
21.9 |
|
Over Two Years And Within Three Years |
1.1 |
0.7 |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
9.1 |
4.1 |
- |
- |
- |
|
LT Debts Maturing within 3yr. |
- |
- |
3.9 |
24.3 |
7.4 |
|
Over Three Years And Within Four Years |
1.1 |
- |
- |
- |
- |
|
Bond Redemp Amts over 3 Yrs within 4 Yrs |
- |
0.7 |
- |
- |
- |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
6.5 |
4.1 |
- |
- |
- |
|
LT Debts Maturing within 4yr. |
- |
- |
1.6 |
2.0 |
3.8 |
|
Over Four Years And Within Five Years |
0.4 |
- |
- |
- |
- |
|
Bond Redemp Amts over 4 Yrs within 5 Yrs |
- |
0.7 |
- |
- |
- |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
1.9 |
1.2 |
- |
- |
- |
|
LT Debts Maturing within 5yr. |
- |
- |
1.6 |
- |
1.9 |
|
Division and end of current period |
0.0 |
- |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
42.5 |
51.0 |
57.9 |
63.9 |
56.8 |
|
Capital Lease Maturing within a Year |
0.0 |
- |
- |
- |
- |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.0 |
- |
- |
- |
- |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.0 |
- |
- |
- |
- |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.0 |
- |
- |
- |
- |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.0 |
- |
- |
- |
- |
|
capital lease remaining |
0.0 |
- |
- |
- |
- |
|
Total Capital Leases, Supplemental |
0.0 |
- |
- |
- |
- |
|
Pension obligation |
20.4 |
21.9 |
19.7 |
17.7 |
15.2 |
|
Fair value of plan asset |
11.0 |
10.6 |
9.7 |
8.4 |
6.4 |
|
Funded status |
-9.4 |
-11.3 |
-10.0 |
-9.3 |
-8.8 |
|
Total Funded Status |
-9.4 |
-11.3 |
-10.0 |
-9.3 |
-8.8 |
|
Discount rate |
0.89% |
1.21% |
2.00% |
2.00% |
2.00% |
|
Expected Return Rate |
0.00% |
0.00% |
- |
- |
- |
|
Expected rate of return |
- |
- |
0.00% |
0.00% |
0.00% |
|
Exp. unrecog. account change |
- |
- |
0.0 |
0.0 |
0.0 |
|
Unrecog. actuarial G/L |
0.7 |
1.8 |
0.5 |
0.9 |
1.1 |
|
Unrecog. priror service cost |
- |
- |
0.0 |
0.0 |
0.0 |
|
Prepaid pension |
- |
- |
0.0 |
0.0 |
0.0 |
|
Accrued pension benefit |
-8.7 |
-9.5 |
-9.5 |
-8.4 |
-7.7 |
|
Net Assets Recognized on Balance Sheet |
-8.0 |
-7.7 |
-9.0 |
-7.4 |
-6.7 |
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 |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
Kyoto Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income Bf. Tax |
9.2 |
13.7 |
46.0 |
-3.1 |
-40.4 |
|
Depreciation |
16.3 |
15.0 |
13.7 |
14.1 |
13.1 |
|
Loss (gain) on step acquisitions |
-1.1 |
- |
- |
- |
- |
|
L/G on sale of stocks of Subsi. Affilia. |
0.0 |
7.1 |
- |
- |
- |
|
Impairment loss |
- |
0.0 |
1.5 |
0.0 |
1.6 |
|
Amortization of Goodwill |
0.4 |
- |
- |
- |
- |
|
Increase (decrease) in allowance for dou |
-0.1 |
0.1 |
-0.1 |
-0.1 |
-0.8 |
|
Increase (decrease) in provision for bon |
-1.4 |
0.0 |
2.5 |
-0.4 |
-2.0 |
|
Increase (decrease) in provision for dir |
-0.1 |
-0.2 |
0.6 |
0.0 |
-0.2 |
|
In/De in prov.for retire benefit |
0.2 |
0.0 |
0.1 |
0.1 |
0.4 |
|
Allow. Director Ben. |
- |
- |
- |
- |
0.0 |
|
Incr/Decr in Prov for product warranties |
0.0 |
-1.1 |
1.1 |
0.4 |
-0.4 |
|
Interest & Dividend |
-0.8 |
-0.6 |
-0.3 |
-0.3 |
-0.4 |
|
Interest Expense |
0.9 |
1.5 |
2.3 |
2.8 |
3.0 |
|
Foreign exchange losses (gains) |
1.1 |
-0.4 |
0.3 |
0.7 |
1.7 |
|
Equity in (earnings) losses of affiliate |
-0.3 |
-0.4 |
-2.2 |
-0.2 |
0.6 |
|
Valu. Inv. Secs. |
- |
- |
- |
0.0 |
2.2 |
|
Valu.Contri.Invest. |
- |
- |
0.0 |
0.4 |
0.0 |
|
Sale Inv. Secs. |
- |
- |
- |
- |
0.0 |
|
L/G on sale of affiliated securities |
- |
- |
0.0 |
- |
0.0 |
|
Liquid. Affiliate |
- |
- |
0.0 |
-0.4 |
0.0 |
|
Loss on Retirement of PPE |
0.2 |
0.4 |
0.1 |
0.1 |
0.1 |
|
Write Off Intangible |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
G/L on Sales of PPE |
-0.3 |
0.0 |
-0.1 |
-0.6 |
0.0 |
|
Incr/Decr in Note & Account Rcble Tr CF |
25.9 |
-4.9 |
1.3 |
-24.2 |
64.5 |
|
Decrease (increase) in inventories |
3.9 |
-8.1 |
0.5 |
22.0 |
-9.2 |
|
In/De in other current assets |
0.2 |
-0.1 |
-0.1 |
0.6 |
1.7 |
|
Incr/Decr in Tdg Note & Account Pbles CF |
-18.8 |
5.4 |
-0.4 |
16.0 |
-22.5 |
|
In/De in other current liability |
-0.5 |
-0.9 |
1.4 |
1.0 |
-4.4 |
|
Other Liability |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Other, net |
0.1 |
0.4 |
0.0 |
0.6 |
0.3 |
|
Int.&Divid. Received |
0.8 |
0.6 |
0.6 |
0.3 |
0.5 |
|
Interest Paid |
-1.1 |
-1.5 |
-2.4 |
-2.7 |
-3.1 |
|
Tax Paid |
-2.3 |
-2.1 |
-1.3 |
-0.5 |
-0.5 |
|
Cash from Operating Activities |
32.7 |
24.0 |
65.0 |
26.8 |
6.0 |
|
|
|
|
|
|
|
|
Proceeds from purchase of investments in |
0.7 |
- |
- |
- |
- |
|
Time Deposit Made |
-6.9 |
-5.1 |
-4.8 |
-0.6 |
0.0 |
|
Proceeds from sales of stocks of subsidi |
0.0 |
8.4 |
- |
- |
- |
|
Time Deposit Matured |
7.2 |
3.8 |
3.1 |
0.0 |
- |
|
Purch. Inv. Secs. |
-0.1 |
-1.1 |
-0.1 |
-0.1 |
-0.1 |
|
Sale Inv. Secs. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sale of affiliated securities |
- |
- |
0.0 |
- |
0.0 |
|
Other Payments |
0.0 |
- |
- |
- |
- |
|
Purch. Other Invest. |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Collect other investment |
0.0 |
0.1 |
0.1 |
1.2 |
0.2 |
|
Purchase of property, plant and equipmen |
-14.5 |
-11.9 |
-5.7 |
-5.1 |
-14.3 |
|
Proceeds from sales of property, plant a |
0.8 |
4.4 |
0.2 |
1.9 |
0.1 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Other, net |
-0.3 |
0.0 |
0.0 |
-0.5 |
-0.7 |
|
Cash from Investing Activities |
-13.1 |
-1.4 |
-7.2 |
-3.1 |
-14.8 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-5.4 |
-18.2 |
-30.7 |
-33.3 |
32.3 |
|
Proceeds from issuance of bonds |
2.4 |
3.8 |
- |
- |
- |
|
Proceeds from long-term loans payable |
30.6 |
12.7 |
7.0 |
36.6 |
14.9 |
|
Repayment of long-term loans payable |
-35.2 |
-23.5 |
-15.2 |
-26.5 |
-19.4 |
|
Issue bond |
- |
- |
0.0 |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other Net |
0.0 |
- |
- |
- |
- |
|
Redemption-Bond |
-0.7 |
-0.5 |
-5.5 |
-6.2 |
-5.7 |
|
Purch. Treas. Stk. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid |
-1.5 |
-3.2 |
- |
- |
- |
|
Dividend Paid |
- |
- |
0.0 |
0.0 |
-2.5 |
|
Cash from Financing Activities |
-9.9 |
-28.9 |
-44.4 |
-29.4 |
19.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.8 |
-0.5 |
-0.5 |
-0.4 |
-0.4 |
|
Net Change in Cash |
10.5 |
-6.8 |
12.8 |
-6.1 |
10.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
53.0 |
62.5 |
44.8 |
47.3 |
33.4 |
|
Net Cash - Ending Balance |
63.5 |
55.7 |
57.6 |
41.3 |
43.8 |
|
Cash Interest Paid |
1.1 |
1.5 |
2.4 |
2.7 |
3.1 |
|
Cash Taxes Paid |
2.3 |
2.1 |
1.3 |
0.5 |
0.5 |
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.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.