MIRA INFORM REPORT
|
Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUZUKI MOTOR CORPORATION |
|
|
|
|
Registered Office : |
300,
Takatsuka-cho, Minami-ku, Hamamatsu-Shi, 432-8611 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
15.03.1920 |
|
|
|
|
Legal Form : |
Public Parent
Company |
|
|
|
|
Line of Business : |
·
manufacturer
of automobile and motorcycle · Subject operate as Two-wheel Vehicle, Four-wheel Vehicle, Specialty Vehicle segment |
|
|
|
|
No. of Employees : |
55,948 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
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
SUZUKI MOTOR CORPORATION
300,
Takatsuka-cho, Minami-ku
Hamamatsu-Shi,
432-8611
Japan
Tel: 81-53-4402061
Fax: 81-53-4450040
Web: www.globalsuzuki.com
Synthesis
Employees: 55,948
Company Type: Public
Parent
Corporate Family: 114 Companies
Traded: Tokyo Stock Exchange: 7269
Incorporation
Date: 15-Mar-1920
Auditor: Seimei
Audit Corporation
Financials in: USD (Millions)
Fiscal Year End:
31-Mar-2013
Reporting Currency:
Japanese Yen
Annual Sales:
31,075.1 1
Net Income:
968.9
Total Assets:
26,439.3 2
Market Value:
13,569.1 (27-Sep-2013)
Business Description
SUZUKI MOTOR
CORPORATION is a Japan-based automobile company. The Company operates in three
business segments. The Two-wheel Vehicle segment is engaged in the manufacture
and sale of two-wheel motorcycles. The Four-wheel Vehicle segment is engaged in
the manufacture and sale of automobiles. The Specialty Vehicle segment is
engaged in the manufacture and sale of outboard motors, the sale of electric
vehicles and housing. As of March 31, 2012, the Company had 139 subsidiaries
and 37 associated companies. For the three months ended 30 June 2013, SUZUKI
MOTOR CORPORATION revenues increased 5% to Y675.8B. Net income applicable to
common stockholders increased 10% to Y27.03B. Revenues reflect Automobile
segment increase of 3% to Y590.77B, Motorcycle segment increase of 18% to
Y70.51B, Special Vehicle segment increase of 9% to Y14.53B, Asia segment
increase of 24% to Y282.4B, Other segment increase from Y19.33B to Y40.25B.
Industry
Industry Motor Vehicle Manufacturing
ANZSIC 2006: 231 - Motor Vehicle and Motor Vehicle Part
Manufacturing
ISIC Rev 4: 2910 - Manufacture of motor vehicles
NACE Rev 2: 2910 - Manufacture of motor vehicles
NAICS 2012: 336111 - Automobile Manufacturing
UK SIC 2007: 2910 - Manufacture of motor vehicles
US SIC 1987: 3711 - Motor Vehicles and Passenger Car
Bodies
Key Executives
|
Name |
Title |
|
Osamu Suzuki |
Chairman of the Board, President, Representative Director |
|
Taisuke Toyoda |
Managing Executive Officer, Senior Director of Finance in Business
Planning Office |
|
Tadashi Kondo |
Managing Executive Officer, Chief Director of Oversea Four-wheel Sales |
|
Toshihiro Suzuki |
Vice President, Manager of Business Planning Office, Representative
Director |
|
Osamu Honda |
Vice President, Chief Director of Four-wheel Technology,
Representative Director |
Significant Developments
|
* number of significant developments within the last 12 months
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
300,
Takatsuka-cho, Minami-ku
Hamamatsu-Shi,
432-8611
Japan
Tel: 81-53-4402061
Fax: 81-53-4450040
Web: www.globalsuzuki.com
Quote Symbol - Exchange
7269 - Tokyo Stock Exchange
Sales JPY(mil): 2,578,317.0
Assets JPY(mil): 2,487,635.0
Employees: 55,948
Fiscal Year End: 31-Mar-2013
Industry: Auto and Truck
Manufacturers
Incorporation
Date: 15-Mar-1920
Company Type: Public Parent
Quoted Status: Quoted
Chairman of the Board, President, Representative
Director:
Osamu Suzuki
Industry Codes
ANZSIC 2006 Codes:
231 - Motor Vehicle and Motor Vehicle Part
Manufacturing
301 - Residential Building Construction
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified
2399 - Other Transport Equipment
Manufacturing Not Elsewhere Classified
ISIC Rev 4 Codes:
2910 - Manufacture of motor vehicles
2811 - Manufacture of engines and turbines,
except aircraft, vehicle and cycle engines
309 - Manufacture of transport equipment
n.e.c.
41 - Construction of buildings
NACE Rev 2 Codes:
2910 - Manufacture
of motor vehicles
2811 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
41 - Construction
of buildings
309 - Manufacture
of transport equipment n.e.c.
NAICS 2012 Codes:
336111 - Automobile
Manufacturing
336991 - Motorcycle,
Bicycle, and Parts Manufacturing
333618 - Other
Engine Equipment Manufacturing
236117 - New
Housing For-Sale Builders
US SIC 1987:
3711 - Motor
Vehicles and Passenger Car Bodies
3519 - Internal
Combustion Engines, Not Elsewhere Classified
1531 - Operative
Builders
3751 - Motorcycles,
Bicycles, and Parts
UK SIC 2007:
2910 - Manufacture
of motor vehicles
2811 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
41 - Construction
of buildings
309 - Manufacture
of transport equipment n.e.c.
Business Description
SUZUKI MOTOR
CORPORATION is a Japan-based automobile company. The Company operates in three
business segments. The Two-wheel Vehicle segment is engaged in the manufacture
and sale of two-wheel motorcycles. The Four-wheel Vehicle segment is engaged in
the manufacture and sale of automobiles. The Specialty Vehicle segment is
engaged in the manufacture and sale of outboard motors, the sale of electric
vehicles and housing. As of March 31, 2012, the Company had 139 subsidiaries
and 37 associated companies. For the three months ended 30 June 2013, SUZUKI
MOTOR CORPORATION revenues increased 5% to Y675.8B. Net income applicable to
common stockholders increased 10% to Y27.03B. Revenues reflect Automobile
segment increase of 3% to Y590.77B, Motorcycle segment increase of 18% to
Y70.51B, Special Vehicle segment increase of 9% to Y14.53B, Asia segment
increase of 24% to Y282.4B, Other segment increase from Y19.33B to Y40.25B.
More Business Descriptions
Design and manufacture of passenger cars,
commercial vehicles, motorcycles, all terrain vehicles (ATVs), outboard motors
and other products
Automobiles, Trucks, Motorcycles, Outboard Motors,
Generators, General Purpose Engines & Other Related Products Mfr &
Designer
Suzuki Motor Corporation (Suzuki Motors) along with
its subsidiaries designs and manufactures motorcycles and automobiles. Wide range
of products offered by the company includes motorcycles, automobiles, outboard
motors, boats, motorized wheelchairs, electro-scooters, industrial equipment.
The company classified its business into four segments namely, Automobiles,
Motorcycles, Marine and Power Products and Financial Services. The Automobile
segment of the company undertakes the manufacturing of various sport utility
vehicles (SUVs), minicars, and premium and luxury cars. All these products are
sold under the brands Swift, SX4, MR Wagon Wit, Wagon R Stingray, Cervo, XL7
(sports utility vehicle) and Grand Vitara. Automobiles are generally
manufactured by the company but in overseas they are manufactured by the
subsidiary Magyar Suzuki Ltd., Maruti Suzuki India Ltd. and by an affiliate,
CAMI Automotive Inc. All the automobiles offered by the company are sold in the
domestic markets by the subsidiary Suzuki Motor Sales Kinki Inc and in overseas
by the subsidiary American Suzuki Motor Corp. and other marketing companies.In
February 2012, Suzuki Motor Corporation formed a joint venture with Intelligent
Energy and formed SMILE FC System Corporation. For the fiscal year ended March
31, 2012, the company’s automobile segment recorded net sales of ¥ 2,208,969
m which accounted for 87.9% of total sales. The company's Motorcycle segment
offers various products such as Motorcycles, Motor-driven bicycles, All terrain
vehicles and other related products. Motorcycles are generally manufactured by
the company but in overseas they are additionally manufactured by the
subsidiary Thai Suzuki Motor Co., Ltd. and an affiliate, Jinan Qingqi Suzuki
Motorcycle Co., Ltd. All the motor cycle products offered by the company are
sold in the domestic markets by the subsidiary Suzuki Motorcycle Sales (Higashi
Nihon) Inc. and in overseas by the subsidiary Suzuki International Europe GmbH
and other marketing companies. For the fiscal year ended March 31, 2012, the
company’s Motorcycle segment recorded net sales of ¥ 254,761 m which
accounted for 10.2% of total sales. The other segment of the company includes
Marine and Power Products segment and the Financial Services segment. Marine
and Power Products segment manufactures generators, outboard motors, engines
for snowmobiles etc., electro senior vehicle and houses. Suzuki Marine Co.,
Ltd. and Suzuki Motor Sales Kinki Inc. are the two subsidiaries through which
this segment operates. The Financial Services segment of Suzuki Motor
principally operates through the subsidiary Suzuki Finance Co., Ltd. For the
fiscal year ended March 31, 2012, the companies marine and power products
segment and the financial services segment recorded net sales of ¥ 48,455m
which accounted for 1.9% of total sales.For the fiscal year ended March 31,
2012, the percentage contribution towards the net sales by market in various
geographies was, Japan with 39.3%; Asia with 35.2%; Europe with 14%; North
America with 4.2% and others with 7.3%.In June 2012, the company’s
subsidiary, Maruti Suzuki India Ltd. signed an agreement with the gujrat state
for land purchase.
Suzuki Motor
Corporation (Suzuki Motors) is an automobile company. It undertakes the
designing and manufacturing of passenger cars, commercial vehicles,
motorcycles, all terrain vehicles (ATVs), outboard motors, and other products.
The company is into manufactures marine and power products, motorized
wheelchairs, and electro senior vehicles and houses. The company also provides
financial services, logistics business and other services related to its
operations. The company operates through Automobile, Motorcycle and Other
reportable segments. It operates 134 subsidiaries and 37 affiliates across 23
countries worldwide. Geographically, the company operates in Japan, Asia,
Europe, North America and others. Suzuki Motors is headquartered at
Hamamatsu-shi , in Shizouka, Japan.The company reported revenues of (Yen) JPY
2,578,317.00 million during the fiscal year ended March 2013, an increase of
2.63% over 2012. The operating profit of the company was JPY 139,971.00 million
during the fiscal year 2013, an increase of 56.23% over 2012. The net profit of
the company was JPY 80,390.00 million during the fiscal year 2013, an increase
of 49.18% over 2012.
Automobile and
Light Duty Motor Vehicle Manufacturing
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Helpful |
Harmful |
|
Internal Origin |
Strengths |
Weaknesses |
|
External Origin |
Opportunities |
Threats |
Overview
Suzuki Motor
Corporation (Suzuki) is a Japan-based automobile and motorcycle manufacturer. Diversified
business mix and strong distribution network are its key strengths, even as,
limited operating income remains a major area of concern. Rising raw material
prices, intense competition, and new emission standards for two wheelers could
have an adverse effect over Suzuki’s business, operating results and
financial condition. However, emerging markets and new product launches could
present ample growth opportunities to the company.
Strengths
Strong Distribution Network
The company
operates strong and widespread distribution network in domestic and overseas
markets. As of April 1, 2012, domestically, 409 distributors marketed
automobile products, 7 distributors sold motorcycles, 8 distributors marketed
outboard motors, 14 agents distributed industrial equipment, and 82
distributors sold motorized wheelchairs and electro senior vehicles. During the
same period, in overseas markets, 140 distributors marketed automobile products
across 130 countries, 124 distributors sold motorcycles in 112 countries, and
108 distributors distributed outboard motors in 101 countries. Such
distribution network enabled the company to sell 596,049 automobiles and 78,499
motorcycles in domestic market and 1,964,001 automobiles and 2,509,108 in
overseas market. Wide distribution network thus enables the company to reach
its customer in a better manner enhancing its sales.
Diversified Business Mix
Suzuki
diversified its operations with a presence in varied businesses and markets. The
company operates through four reportable business segments, namely, Motorcycle,
Automobile, and Marine and Power products. The Motorcycle segment manufactures
motorcycles, motor-driven bicycles, and all terrain vehicles. Suzuki’s
Automobile segment designs and develops mini vehicles, sub-compact vehicles,
and standard sized-vehicles. The Marine and Power products segment offers
outboard motors, engines for snowmobiles, electro senior vehicles, and houses.
Additionally, Suzuki provides financial services, logistics business and other
services related to its operations. In FY2012, the company generated 87.9% of
total net sales from Automobile segment, followed by, 10.1% from Motorcycle
segment, and 1.9% from Marine and Power products segment. Geographically, the
company operates across Japan, Europe, North America, Asia, and Other Areas. In
FY2012, the company generated 53.3% of total net sales from Japan, 30% from
Asia, 10.6% from Europe, 3.5% from North America, and 2.7% from Other Areas.
Such diverse business mix enables the company to mitigate loss or
underperformance of one segment with positive performance from another.
Weaknesses
Limited Operating Income
The company recorded a downfall in its operating
income in 2012 as compared to 2011. Suzuki reported operating income of
JPY89,593m in2012, a decrease of 3.3%, as compared to JPY92,676m in 2011. This
was due to a 3.7% decrease in revenue to JPY2,512 billion offsetting a 3.7%
reduction in total operating expenses. This resulted in the company reporting
an operating margin of 3.56% in 2012 as compared to 3.55% in 2011. Limited
operating margin indicates inefficient cost management or a weak pricing
strategy by the company.
Opportunities
New Product Launches
Suzuki constantly launches new products addressing
the changing automotive needs of its customers. In line with this, in January
2012, the company launched the e-Let electric scooter with removable battery
and launched Ertiga, a passenger vehicle car in India. In December 2011, the
company launched Swift Sport one in the Swift series. Its high-output 1.6-litre
engine and exclusively designed transmission realize great performance and fuel
economy. During the same month, the company launched Alto Eco a fuel efficient
car in Japan which combines the functionality, equipment, and user-friendliness
of the Alto mini passenger car with the benefits of Suzuki technologies that
yield even better savings on fuel and other resources. The Alto Eco offers fuel
economy of 30.2km/liter in the JC08 test cycle. In December 2011, Suzuki's
Indonesian subsidiary, Suzuki Indomobil Motor, launched the Nex scooter. There
is growing demand for fuel-efficient models in the Indonesian scooter segment.
In August 2011, the company launched its new Swift in India with specifications
including a 1.2-litre petrol engine, a 1.3-litre diesel engine, and tyres,
wheels, and suspension that are optimized for comfort and handling on Indian
roads. The Swift for India also embodies other design innovations that meet
specifically Indian needs. Indian sales of the Swift in fiscal 2011 topped
150,000 units, making the Swift the segment leader after the Alto. Such new
product launches with increasing demand from such markets could boost its
earnings capabilities.
Emerging Markets
Demand for
vehicles in Brazil, India, China and Russia is expected to grow to 12.8 million
units between 2012 and 2016. For 2012, demand for cars is expected to increase.
China, the world's largest car market, is expected to grow by 6%, to 18.5
million. US car market is forecast to grow by around 6% to 13.5 million units.
The impact of natural disaster in Japan is expected to result in catch-up
effect as a result of production loss. Japanese market is forecast to grow by
20% to 4.8 million units. Indian car market is expected to register one of the
highest growth rates. Brazilian and Russian markets are estimated to grow
slowly. The company could look forward to growth across emerging and maintain
its position in mature markets.
Threats
Rising Raw Material Prices
Suzuki uses various raw materials such as
non-ferrous metals in manufacturing its automobiles, motorcycles and their
spare parts. These raw materials account for a substantial share of the
company's total cost of goods sold. Due to increase in commodity prices, the
cost of raw materials and energy may also increase considerably. Suzuki could
incur loss in sales volume to the extent of price increases. In addition, the
continuous supply of raw materials could be affected by weather conditions,
national emergencies, strikes, governmental controls, natural disasters, supply
shortages or other events. Thus, price fluctuations and non-availability of
these raw materials may have an adverse effect on the product cost and
operations of the company.
Intense Competition
The global
automotive industry is highly competitive. As Suzuki is extensively expanding
its presence across global markets it is poised to face increased competition
from local players. PSA’s major competitors include Mazda Motor Corporation,
Hyundai Motor Company, Nissan Motor Co., Ltd., Ford Motor Company, Tata Motors
Limited, Fiat S.p.A., Honda Motor Co., Ltd., and Toyota Motor Corporation. The
company could face international competition with inherently lower cost
structures from countries with exploding markets, notably Korea, China, and
India. Competing against these rivals will require continuous improvement in
products, technologies, costs, investment economics, and business models.
New Emission Standards for Two Wheelers
The company might
have to face increased challenges to its two wheeler business due to the
ongoing requisites of emission standards. According to Dealernews.com,
motorcycle industry stakeholders in Europe announced their plan to increase
EURO 3 emissions standards to more stringent EURO 5 standards by 2015.
Association des Constructeurs Europeens de Motocycles (ACEM) is likely to
introduce EURO 3 standards for mopeds and Euro 4 standards for motorcycles by
2012. It also proposed the introduction of more stringent emission test cycles,
and EURO 5 standards for motorcycles by 2015. Such implementations might
require the company to redesign its vehicles and could result in increased
operating costs. Also failure to comply with the standards could attract
unnecessary penalties and hamper the operations of the company.
|
Corporate Family |
Corporate
Structure News: |
|
|
SUZUKI
MOTOR CORPORATION |
|
SUZUKI MOTOR CORPORATION |
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Hamamatsu-Shi |
Japan |
Motor Vehicle Manufacturing |
31,075.1 |
55,948 |
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Miscellaneous Professional Services |
|
17,000 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Motor Vehicle and Parts Dealers |
458.9 |
148 |
|
|
Subsidiary |
Beijing |
China |
Electromedical and Control Instruments Manufacturing |
681.4 |
11,137 |
|
|
Subsidiary |
New Delhi |
India |
Motor Vehicle Manufacturing |
8,302.8 |
9,421 |
|
|
Branch |
New Delhi, Delhi |
India |
Motor Vehicle Wholesale |
1.8 |
400 |
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Machinery and Equipment Manufacturing |
949.5 |
|
|
|
Subsidiary |
Esztergom |
Hungary |
Motor Vehicle Manufacturing |
2,445.0 |
2,983 |
|
|
Subsidiary |
Pathumthani |
Thailand |
Miscellaneous Transportation Equipment Manufacturing |
|
1,025 |
|
|
Subsidiary |
Athina |
Greece |
Motor Vehicle Wholesale |
234.6 |
793 |
|
|
Subsidiary |
Kifissia |
Greece |
Motor Vehicle Rental |
50.2 |
81 |
|
|
Industrial
Machinery And Equipment Trading Company 'ergotrak' S.A. |
Subsidiary |
Athens |
Greece |
Machinery Wholesale |
9.7 |
65 |
|
Subsidiary |
Athens |
Greece |
Motor Vehicle Wholesale |
9.3 |
52 |
|
|
Subsidiary |
Athens |
Greece |
Insurance Agents |
5.4 |
45 |
|
|
Subsidiary |
Magoula, Attica |
Greece |
Motor Vehicle and Parts Dealers |
|
36 |
|
|
Subsidiary |
Athens |
Greece |
Motor Vehicle Rental |
|
|
|
|
Subsidiary |
Athens |
Greece |
Motor Vehicle Repair and Maintenance |
|
|
|
|
Subsidiary |
Karachi |
Pakistan |
Motor Vehicle Manufacturing |
335.2 |
575 |
|
|
Subsidiary |
Brea, CA |
United States |
Motor Vehicle Wholesale |
1,500.0 |
365 |
|
|
Branch |
Marietta, GA |
United States |
Motor Vehicle and Parts Dealers |
2.8 |
4 |
|
|
Branch |
Carlisle, PA |
United States |
Electronics Wholesale |
3.7 |
3 |
|
|
Subsidiary |
Bensheim, Hessen |
Germany |
Motor Vehicle and Parts Dealers |
922.1 |
330 |
|
|
Subsidiary |
Pereira, Risaralda |
Colombia |
Miscellaneous Transportation Equipment Manufacturing |
150.3 |
300 |
|
|
Subsidiary |
Oyabe, Toyama |
Japan |
Motor Vehicle Parts Manufacturing |
96.0 |
292 |
|
|
Subsidiary |
Metro Manila |
Philippines |
Miscellaneous Transportation Equipment Manufacturing |
147.8 |
250 |
|
|
Subsidiary |
Gijon, Asturias |
Spain |
Miscellaneous Transportation Equipment Manufacturing |
83.8 |
208 |
|
|
Subsidiary |
Manzanares, Ciudad Real |
Spain |
Motor Vehicle Parts Manufacturing |
37.6 |
157 |
|
|
Subsidiary |
Trappes |
France |
Motor Vehicle Wholesale |
372.4 |
149 |
|
|
Subsidiary |
Richmond Hill, ON |
Canada |
Miscellaneous Professional Services |
565.0 |
125 |
|
|
Subsidiary |
Torino, TO |
Italy |
Motor Vehicle Wholesale |
418.1 |
122 |
|
|
Subsidiary |
Chiba, Chiba |
Japan |
Motor Vehicle Wholesale |
85.6 |
116 |
|
|
Subsidiary |
Laverton North, VIC |
Australia |
Motor Vehicle Wholesale |
477.3 |
95 |
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Miscellaneous Professional Services |
|
92 |
|
|
Subsidiary |
Shizuoka |
Japan |
Commercial Real Estate Leasing |
|
60 |
|
|
Subsidiary |
Warsaw |
Poland |
Motor Vehicle Parts Manufacturing |
|
60 |
|
|
Joint Venture |
Yangon |
Myanmar (Burma) |
Motor Vehicle Manufacturing |
|
50 |
|
|
Subsidiary |
Salzburg |
Austria |
Motor Vehicle Wholesale |
153.5 |
42 |
|
|
Subsidiary |
Wanganui Mail Centre |
New Zealand |
Miscellaneous Wholesale |
63.1 |
40 |
|
|
Subsidiary |
Wanganui |
New Zealand |
Miscellaneous Professional Services |
|
40 |
|
|
Subsidiary |
Leganes, Madrid |
Spain |
Motor Vehicle and Parts Dealers |
66.9 |
34 |
|
|
Subsidiary |
Kosai, Shizuoka |
Japan |
Machinery and Equipment Manufacturing |
|
30 |
|
|
Subsidiary |
Dublin |
Ireland |
Motor Vehicle Wholesale |
11.8 |
8 |
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Banking |
|
2 |
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Motor Vehicle and Parts Dealers |
406.9 |
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Motor Vehicle and Parts Dealers |
355.8 |
|
|
|
Subsidiary |
Mito, Ibaraki |
Japan |
Motor Vehicle and Parts Dealers |
312.3 |
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Motor Vehicle Wholesale |
304.2 |
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Postal, Shipping and Messengers |
288.4 |
|
|
|
Subsidiary |
Owariasahi, Aichi |
Japan |
Motor Vehicle and Parts Dealers |
281.5 |
|
|
|
Subsidiary |
Sendai, Miyagi |
Japan |
Motor Vehicle Wholesale |
281.2 |
|
|
|
Subsidiary |
Shizuoka, Shizuoka |
Japan |
Motor Vehicle and Parts Dealers |
260.9 |
|
|
|
Subsidiary |
Kasuya-Gun, Fukuoka |
Japan |
Motor Vehicle and Parts Dealers |
260.4 |
|
|
|
Subsidiary |
Chiba, Chiba |
Japan |
Motor Vehicle and Parts Dealers |
240.7 |
|
|
|
Subsidiary |
Nagano, Nagano |
Japan |
Motor Vehicle and Parts Dealers |
231.6 |
|
|
|
Subsidiary |
Moriguchi, Osaka |
Japan |
Motor Vehicle Wholesale |
229.4 |
|
|
|
Subsidiary |
Takasaki, Gunma |
Japan |
Motor Vehicle and Parts Dealers |
215.5 |
|
|
|
Subsidiary |
Kanazawa, Ishikawa |
Japan |
Motor Vehicle Wholesale |
204.5 |
|
|
|
Subsidiary |
Toyama, Toyama |
Japan |
Motor Vehicle and Parts Dealers |
153.4 |
|
|
|
Subsidiary |
Kumamoto, Kumamoto |
Japan |
Motor Vehicle and Parts Dealers |
201.3 |
|
|
|
Subsidiary |
Saitama, Saitama |
Japan |
Motor Vehicle Wholesale |
200.5 |
|
|
|
Subsidiary |
Kyoto, Kyoto |
Japan |
Motor Vehicle and Parts Dealers |
193.9 |
|
|
|
Subsidiary |
Yokkaichi, Mie |
Japan |
Motor Vehicle and Parts Dealers |
192.3 |
|
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Motor Vehicle Wholesale |
191.2 |
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Motor Vehicle Wholesale |
189.4 |
|
|
|
Subsidiary |
Kagoshima, Kagoshima |
Japan |
Motor Vehicle and Parts Dealers |
187.6 |
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Motor Vehicle and Parts Dealers |
186.3 |
|
|
|
Subsidiary |
Nagaoka, Niigata |
Japan |
Motor Vehicle Wholesale |
183.8 |
|
|
|
Subsidiary |
Tachikawa, Tokyo |
Japan |
Motor Vehicle and Parts Dealers |
177.4 |
|
|
|
Subsidiary |
Hiratsuka, Kanagawa |
Japan |
Motor Vehicle and Parts Dealers |
173.4 |
|
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Motor Vehicle and Parts Dealers |
172.4 |
|
|
|
Subsidiary |
Utsunomiya, Tochigi |
Japan |
Motor Vehicle Wholesale |
171.6 |
|
|
|
Subsidiary |
Kooriyama, Fukushima |
Japan |
Motor Vehicle and Parts Dealers |
170.1 |
|
|
|
Subsidiary |
Kawagoe, Saitama |
Japan |
Motor Vehicle and Parts Dealers |
157.8 |
|
|
|
Subsidiary |
Aomori, Aomori |
Japan |
Motor Vehicle Wholesale |
152.1 |
|
|
|
Subsidiary |
Nishi Sonogi-Gun, Nagasaki |
Japan |
Motor Vehicle and Parts Dealers |
150.8 |
|
|
|
Subsidiary |
Yamagata, Yamagata |
Japan |
Motor Vehicle Wholesale |
146.1 |
|
|
|
Subsidiary |
Naha, Okinawa |
Japan |
Motor Vehicle and Parts Dealers |
142.5 |
|
|
|
Subsidiary |
Otsu, Shiga |
Japan |
Motor Vehicle and Parts Dealers |
138.4 |
|
|
|
Subsidiary |
Oita, Oita |
Japan |
Motor Vehicle Wholesale |
119.4 |
|
|
|
Subsidiary |
Nara, Nara |
Japan |
Motor Vehicle Wholesale |
119.4 |
|
|
|
Subsidiary |
Tlalnepantla, Estado de México |
Mexico |
Motor Vehicle Wholesale |
109.3 |
|
|
|
Subsidiary |
Toyohashi, Aichi |
Japan |
Motor Vehicle and Parts Dealers |
107.7 |
|
|
|
Subsidiary |
Okayama, Okayama |
Japan |
Motor Vehicle and Parts Dealers |
103.2 |
|
|
|
Subsidiary |
Takamatsu, Kagawa |
Japan |
Motor Vehicle and Parts Dealers |
94.2 |
|
|
|
Subsidiary |
Matsuyama, Ehime |
Japan |
Motor Vehicle Wholesale |
91.7 |
|
|
|
Subsidiary |
Morioka, Iwate |
Japan |
Motor Vehicle Wholesale |
86.7 |
|
|
|
Subsidiary |
Komagane, Nagano |
Japan |
Motor Vehicle and Parts Dealers |
80.2 |
|
|
|
Subsidiary |
Wakayama, Wakayama |
Japan |
Motor Vehicle Wholesale |
79.2 |
|
|
|
Subsidiary |
Perai, Pulau Pinang |
Malaysia |
Miscellaneous Transportation Equipment Manufacturing |
78.7 |
|
|
|
Subsidiary |
Matsue, Shimane |
Japan |
Motor Vehicle Wholesale |
76.0 |
|
|
|
Subsidiary |
Saga, Saga |
Japan |
Motor Vehicle and Parts Dealers |
76.0 |
|
|
|
Subsidiary |
Kochi, Kochi |
Japan |
Motor Vehicle Wholesale |
75.6 |
|
|
|
Subsidiary |
Tokushima, Tokushima |
Japan |
Motor Vehicle and Parts Dealers |
67.5 |
|
|
|
Subsidiary |
Tottori, Tottori |
Japan |
Motor Vehicle and Parts Dealers |
67.2 |
|
|
|
Subsidiary |
Asahikawa, Hokkaido |
Japan |
Motor Vehicle and Parts Dealers |
50.2 |
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Miscellaneous Store Retailers |
44.4 |
|
|
|
Subsidiary |
Ube, Yamaguchi |
Japan |
Motor Vehicle and Parts Dealers |
8.8 |
|
|
|
Subsidiary |
Prai, Penang |
Malaysia |
Miscellaneous Transportation Equipment Manufacturing |
|
|
|
|
Subsidiary |
Iwata, Shizuoka |
Japan |
Motor Vehicle Wholesale |
|
|
|
|
Subsidiary |
Akita |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Motor Vehicle Manufacturing |
|
|
|
|
Subsidiary |
Toyokawa, Aichi |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Motor Vehicle Wholesale |
|
|
|
|
Subsidiary |
Oyabe, Toyama |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Pensions and Funds |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Motor Vehicle Wholesale |
|
|
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Miscellaneous Transportation Equipment Manufacturing |
|
|
|
|
Subsidiary |
Caracas |
Venezuela |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Hamamatsu, Shizuoka |
Japan |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Chongqing |
China |
Motor Vehicle Manufacturing |
|
|
|
|
Subsidiary |
Changzhou, Jiangsu |
China |
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Giza |
Egypt |
Motor Vehicle Parts Manufacturing |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Fiat SpA |
Torino, Italy |
219,755 |
Public |
|
Ford Motor Company |
Dearborn, Michigan, United States |
171,000 |
Public |
|
Honda Motor Co Ltd |
Minato-Ku, Japan |
190,338 |
Public |
|
Hyundai Motor Co |
Seoul, Korea, Republic of |
61,212 |
Public |
|
Mazda Motor Corporation |
Aki-Gun, Japan |
37,745 |
Public |
|
Nissan Motor Co., Ltd. |
Yokohama-Shi, Japan |
160,530 |
Public |
|
Tata Motors Limited |
Mumbai, India |
62,716 |
Public |
|
TOYOTA MOTOR CORPORATION |
Toyota-Shi, Japan |
333,498 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
||||||
|
Chairman of the Board, President, Representative Director |
Chairman |
|
||||||
|
|||||||||
|
Senior Managing Executive Officer, Chief Director of Production,
Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Business Development, Representative
Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Four-wheel Technology,
Representative Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Senior Managing Executive Officer, Chief Director of Two-wheel
Business, Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Vice President, Manager of Business Planning Office, Representative
Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Domestic Sales, President of
Subsidiary, Representative Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Executives |
|
|
|
|
||||||
|
Chairman of the Board, President, Representative Director |
President |
|
||||||
|
|||||||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer, Chief Director of Production,
Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Senior Director of IT in Business Planning
Office |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer, Chief Director of Quality |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Officer and Executive General Manager Global Automobile
Marketing |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Chief Director of Purchasing |
Division Head Executive |
|
|
|||||
|
Managing Officer |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Four-wheel
Technology |
Division Head Executive |
|
|
|||||
|
Managing Officer |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Deputy Chief Director of Four-wheel
Technology |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Director of OEM in Main Domestic Sales
Unit |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Chief Director of Oversea Four-wheel Sales |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Deputy Chief Director of Production |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer, Chief Director of Two-wheel
Business, Director |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Deputy Chief Director of Two-wheel
Business |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Senior Director of Planning in Business
Planning Office |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Deputy Chief Director of Production |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Deputy Chief Director of Production |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, President of Subsidiary |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Managing Executive Officer, Senior Director of Finance in Business
Planning Office |
Division Head Executive |
|
|
|||||
|
Managing Executive Officer, Senior Director of Administration in
Business Planning Office |
Division Head Executive |
|
|
|||||
|
Senior Managing Executive Officer |
Managing Director |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Corporate Auditor |
Accounting Executive |
|
|
|||||
|
Vice President, Chief Director of Domestic Sales, President of
Subsidiary, Representative Director |
Sales Executive |
|
|
|||||
|
|||||||||
|
Manager of Tokyo Office |
Investor Relations Executive |
|
|
|||||
|
Vice President, Chief Director of Four-wheel Technology,
Representative Director |
Engineering/Technical Executive |
|
|
|||||
|
|||||||||
|
Vice President, Chief Director of Business Development, Representative
Director |
Business Development Executive |
|
|
|||||
|
|||||||||
|
Vice President, Manager of Business Planning Office, Representative
Director |
Planning Executive |
|
|
|||||
|
|||||||||
Significant Developments
Suzuki Motor Corp
to Build Second Car-assembly Plant in Indonesia-THE ASAHI SHIMBUN
Jul 30, 2013
THE ASAHI SHIMBUN
reported that Suzuki Motor Corp will spend an estimated JPY 60 billion to build
a car-assembly plant near Jakarta to meet rising demand in Southeast Asia.
R&I Affirms
Suzuki Motor Corp's Rating at "A"; Rating Outlook Stable Jul 11, 2013
Rating and
Investment Information, Inc. (R&I) announced that it has affirmed the
rating on Suzuki Motor Corp at "A". The rating outlook is stable.
Suzuki Motor Corp
to Pay Year-end Dividend for FY 2013 May 09, 2013
Suzuki Motor Corp
announced that it will pay a year-end dividend of JPY 10 per share (JPY 5,610
million in total), above the latest dividend forecast of JPY 8 per share, to
all the shareholders as a record of March 31, 2013, effective June 28, 2013.
Suzuki Motor Corp
Announces Share Repurchase Plan Dec 11, 2012
Suzuki Motor Corp
announced that it has decided to repurchase 112,210,000 shares 20.00% stake) of
its common stock through ToSTNeT-3 of the Tokyo Stock Exchange, during the
period from December 11, 2012 to December 10, 2013.
Suzuki Motor Corp
to Issue Mid-year Dividend for FY 2013 Nov 09, 2012
Suzuki Motor Corp announced that it has decided to
issue a mid-year dividend of JPY 8 per share, above the latest dividend
forecast of JPY 7 per share, disclosed on May 10, 2012, to all the shareholders
of record as of September 30, 2012, effective November 30, 2012.
Suzuki Motor Corp Discontinues Four-wheel Vehicle
Sales Business in US Nov 05, 2012
Suzuki Motor Corp announced that its United
States-based subsidiary has decided to discontinue the four-wheel vehicle sales
business and integrate the two-wheel vehicle, all-terrain vehicle (ATV) and
outboard motor businesses. The subsidiary has filed for Chapter 11 bankruptcy
protection on November 5, 2012 (local time). As a result, the Company is going
to stop the four-wheel vehicle sales business in the United States.
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
31,075.1 |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
|
Revenue |
31,075.1 |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
|
Total Revenue |
31,075.1 |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
23,131.3 |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
|
Cost of Revenue, Total |
23,131.3 |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
|
Gross Profit |
7,943.8 |
7,560.1 |
7,255.8 |
6,319.0 |
6,856.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2,100.6 |
2,176.8 |
2,081.6 |
1,836.5 |
2,015.4 |
|
Labor & Related Expense |
842.6 |
852.6 |
778.8 |
729.3 |
691.6 |
|
Advertising Expense |
1,631.9 |
1,431.3 |
1,749.0 |
1,530.5 |
2,031.4 |
|
Total Selling/General/Administrative Expenses |
4,575.1 |
4,460.7 |
4,609.4 |
4,096.3 |
4,738.4 |
|
Research & Development |
1,437.5 |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
|
Depreciation |
192.2 |
200.8 |
188.4 |
203.1 |
213.9 |
|
Depreciation/Amortization |
192.2 |
200.8 |
188.4 |
203.1 |
213.9 |
|
Impairment-Assets Held for Use |
5.5 |
76.4 |
99.3 |
0.0 |
3.4 |
|
Impairment-Assets Held for Sale |
46.4 |
67.6 |
62.5 |
0.2 |
273.5 |
|
Other Unusual Expense (Income) |
0.0 |
228.8 |
0.0 |
- |
- |
|
Unusual Expense (Income) |
51.9 |
372.8 |
161.8 |
0.2 |
277.0 |
|
Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
29,388.1 |
30,680.8 |
29,355.8 |
25,717.0 |
29,421.2 |
|
|
|
|
|
|
|
|
Operating Income |
1,687.0 |
1,134.6 |
1,081.5 |
848.9 |
482.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-66.4 |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
|
Interest Expense, Net Non-Operating |
-66.4 |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
|
Interest Income -
Non-Operating |
197.5 |
186.0 |
154.1 |
160.1 |
197.3 |
|
Investment Income -
Non-Operating |
23.2 |
88.1 |
146.0 |
55.6 |
133.6 |
|
Interest/Investment Income - Non-Operating |
220.7 |
274.1 |
300.1 |
215.8 |
330.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
154.3 |
213.9 |
240.7 |
126.7 |
238.6 |
|
Gain (Loss) on Sale of Assets |
-189.6 |
8.1 |
44.6 |
0.4 |
7.7 |
|
Other Non-Operating Income (Expense) |
28.4 |
121.9 |
12.4 |
19.2 |
68.0 |
|
Other, Net |
28.4 |
121.9 |
12.4 |
19.2 |
68.0 |
|
Income Before Tax |
1,680.2 |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
583.1 |
665.9 |
617.9 |
433.2 |
398.1 |
|
Income After Tax |
1,097.1 |
812.7 |
761.3 |
562.1 |
399.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-128.2 |
-130.2 |
-234.1 |
-251.0 |
-126.1 |
|
Net Income Before Extraord Items |
968.9 |
682.5 |
527.2 |
311.1 |
273.0 |
|
Net Income |
968.9 |
682.5 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
- |
- |
- |
|
Income Available to Common Excl Extraord Items |
968.9 |
682.4 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
968.9 |
682.4 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
561.0 |
561.0 |
560.1 |
460.7 |
444.7 |
|
Basic EPS Excl Extraord Items |
1.73 |
1.22 |
0.94 |
0.68 |
0.61 |
|
Basic/Primary EPS Incl Extraord Items |
1.73 |
1.22 |
0.94 |
0.68 |
0.61 |
|
Dilution Adjustment |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Diluted Net Income |
969.1 |
682.7 |
527.4 |
311.3 |
273.2 |
|
Diluted Weighted Average Shares |
610.7 |
610.6 |
609.8 |
523.6 |
508.6 |
|
Diluted EPS Excl Extraord Items |
1.59 |
1.12 |
0.86 |
0.59 |
0.54 |
|
Diluted EPS Incl Extraord Items |
1.59 |
1.12 |
0.86 |
0.59 |
0.54 |
|
Dividends per Share - Common Stock Primary Issue |
0.22 |
0.19 |
0.15 |
0.13 |
0.16 |
|
Gross Dividends - Common Stock |
121.7 |
106.6 |
85.1 |
65.4 |
70.5 |
|
Interest Expense, Supplemental |
66.4 |
60.2 |
59.4 |
89.0 |
92.3 |
|
Depreciation, Supplemental |
1,129.1 |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
|
Total Special Items |
241.5 |
364.7 |
117.2 |
-0.2 |
269.3 |
|
Normalized Income Before Tax |
1,921.7 |
1,843.2 |
1,496.4 |
995.1 |
1,066.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
83.8 |
164.2 |
52.5 |
-0.1 |
134.5 |
|
Inc Tax Ex Impact of Sp Items |
666.9 |
830.2 |
670.4 |
433.1 |
532.5 |
|
Normalized Income After Tax |
1,254.8 |
1,013.1 |
826.0 |
562.0 |
533.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,126.6 |
882.9 |
591.9 |
311.0 |
407.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.01 |
1.57 |
1.06 |
0.68 |
0.92 |
|
Diluted Normalized EPS |
1.85 |
1.45 |
0.97 |
0.59 |
0.80 |
|
Advertising Expense, Supplemental |
1,631.9 |
1,431.3 |
1,749.0 |
1,015.9 |
1,536.1 |
|
Research & Development Exp, Supplemental |
1,437.5 |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
|
Reported Operating Profit |
1,742.4 |
1,510.9 |
1,247.9 |
854.0 |
765.6 |
|
Reported Ordinary Profit |
1,875.3 |
1,653.4 |
1,429.6 |
1,009.7 |
792.9 |
|
Normalized EBIT |
1,738.9 |
1,507.4 |
1,243.4 |
849.1 |
759.8 |
|
Normalized EBITDA |
2,868.0 |
2,813.4 |
2,858.1 |
2,375.3 |
2,165.0 |
|
Current Tax - Total |
487.0 |
457.7 |
- |
- |
- |
|
Current Tax - Total |
487.0 |
457.7 |
- |
- |
- |
|
Deferred Tax - Total |
96.1 |
208.2 |
- |
- |
- |
|
Deferred Tax - Total |
96.1 |
208.2 |
- |
- |
- |
|
Income Tax - Total |
583.1 |
665.9 |
- |
- |
- |
|
Interest Cost - Domestic |
25.3 |
22.3 |
18.8 |
17.1 |
16.1 |
|
Service Cost - Domestic |
62.8 |
67.6 |
73.3 |
74.9 |
61.3 |
|
Prior Service Cost - Domestic |
-8.8 |
-9.1 |
-8.4 |
-7.7 |
-7.1 |
|
Expected Return on Assets - Domestic |
-8.4 |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
|
Actuarial Gains and Losses - Domestic |
18.0 |
14.6 |
13.6 |
9.5 |
9.7 |
|
Domestic Pension Plan Expense |
88.9 |
88.0 |
91.6 |
91.0 |
74.6 |
|
Total Pension Expense |
88.9 |
88.0 |
91.6 |
91.0 |
74.6 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.77% |
0.70% |
0.61% |
0.58% |
0.77% |
|
Total Plan Interest Cost |
25.3 |
22.3 |
18.8 |
17.1 |
16.1 |
|
Total Plan Service Cost |
62.8 |
67.6 |
73.3 |
74.9 |
61.3 |
|
Total Plan Expected Return |
-8.4 |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,965.4 |
3,540.3 |
3,152.3 |
1,577.4 |
1,386.2 |
|
Short Term Investments |
5,947.7 |
6,586.9 |
5,841.1 |
6,446.8 |
3,477.8 |
|
Cash and Short Term Investments |
8,913.1 |
10,127.3 |
8,993.4 |
8,024.2 |
4,864.0 |
|
Accounts Receivable -
Trade, Gross |
2,691.5 |
3,083.9 |
2,468.7 |
2,660.2 |
2,523.9 |
|
Provision for Doubtful
Accounts |
-62.6 |
-68.1 |
-44.7 |
-39.6 |
-39.6 |
|
Trade Accounts Receivable - Net |
2,628.9 |
3,015.8 |
2,423.9 |
2,620.6 |
2,484.3 |
|
Total Receivables, Net |
2,628.9 |
3,015.8 |
2,423.9 |
2,620.6 |
2,484.3 |
|
Inventories - Finished Goods |
1,947.0 |
2,055.0 |
1,967.7 |
1,844.2 |
2,554.0 |
|
Inventories - Work In Progress |
322.4 |
249.7 |
266.4 |
207.4 |
239.1 |
|
Inventories - Raw Materials |
508.6 |
604.5 |
563.8 |
476.2 |
492.7 |
|
Total Inventory |
2,778.0 |
2,909.3 |
2,797.9 |
2,527.8 |
3,285.8 |
|
Deferred Income Tax - Current Asset |
991.7 |
1,127.7 |
1,042.4 |
1,045.1 |
1,003.6 |
|
Other Current Assets |
1,270.8 |
1,143.2 |
1,307.1 |
1,614.2 |
1,198.1 |
|
Other Current Assets, Total |
2,262.5 |
2,271.0 |
2,349.5 |
2,659.4 |
2,201.7 |
|
Total Current Assets |
16,582.4 |
18,323.3 |
16,564.7 |
15,831.9 |
12,835.8 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
6,466.9 |
6,152.3 |
6,319.0 |
6,055.7 |
5,962.9 |
|
Goodwill, Net |
81.1 |
19.5 |
25.4 |
13.0 |
8.0 |
|
Intangibles, Net |
31.7 |
60.5 |
32.2 |
17.2 |
17.1 |
|
LT Investment - Affiliate Companies |
512.8 |
419.3 |
502.1 |
463.2 |
- |
|
LT Investments - Other |
2,117.7 |
1,891.5 |
2,000.6 |
1,450.0 |
1,231.5 |
|
Long Term Investments |
2,630.5 |
2,310.9 |
2,502.6 |
1,913.2 |
1,231.5 |
|
Note Receivable - Long Term |
5.6 |
8.7 |
198.0 |
378.5 |
251.2 |
|
Deferred Income Tax - Long Term Asset |
384.5 |
816.8 |
980.0 |
1,083.9 |
1,257.9 |
|
Other Long Term Assets |
256.5 |
255.2 |
216.0 |
191.5 |
282.8 |
|
Other Long Term Assets, Total |
641.0 |
1,072.0 |
1,196.0 |
1,275.4 |
1,540.7 |
|
Total Assets |
26,439.3 |
27,947.2 |
26,838.0 |
25,484.8 |
21,847.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
3,724.9 |
4,307.8 |
3,224.0 |
4,193.9 |
3,734.0 |
|
Accrued Expenses |
1,655.8 |
1,704.0 |
1,681.6 |
1,298.7 |
1,402.4 |
|
Notes Payable/Short Term Debt |
1,825.8 |
2,069.1 |
2,154.4 |
2,368.6 |
4,039.8 |
|
Current Portion - Long Term Debt/Capital Leases |
375.2 |
2,451.2 |
720.5 |
424.0 |
446.0 |
|
Income Taxes Payable |
227.7 |
257.0 |
133.5 |
140.5 |
63.6 |
|
Other Current Liabilities |
1,592.6 |
1,798.4 |
1,807.5 |
1,569.1 |
1,300.5 |
|
Other Current liabilities, Total |
1,820.2 |
2,055.4 |
1,941.0 |
1,709.7 |
1,364.1 |
|
Total Current Liabilities |
9,402.0 |
12,587.5 |
9,721.5 |
9,994.8 |
10,986.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
2,342.4 |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
|
Total Long Term Debt |
2,342.4 |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
|
Total Debt |
4,543.4 |
5,337.9 |
5,846.8 |
5,854.2 |
7,044.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.2 |
13.8 |
3.7 |
35.3 |
54.5 |
|
Deferred Income Tax |
1.2 |
13.8 |
3.7 |
35.3 |
54.5 |
|
Minority Interest |
1,610.3 |
1,505.2 |
1,658.1 |
1,474.5 |
1,047.7 |
|
Reserves |
245.6 |
296.2 |
78.0 |
76.1 |
85.3 |
|
Pension Benefits - Underfunded |
417.0 |
461.3 |
465.3 |
436.5 |
442.3 |
|
Other Long Term Liabilities |
229.8 |
276.2 |
241.1 |
217.9 |
198.2 |
|
Other Liabilities, Total |
892.4 |
1,033.7 |
784.3 |
730.5 |
725.9 |
|
Total Liabilities |
14,248.2 |
15,957.8 |
15,139.5 |
15,296.7 |
15,373.2 |
|
|
|
|
|
|
|
|
Common Stock |
1,466.9 |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
|
Common Stock |
1,466.9 |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
|
Additional Paid-In Capital |
1,535.2 |
1,752.3 |
1,741.8 |
1,510.6 |
1,398.6 |
|
Retained Earnings (Accumulated Deficit) |
9,696.2 |
10,126.8 |
9,510.9 |
8,030.4 |
7,444.9 |
|
Treasury Stock - Common |
-0.9 |
-1.0 |
-0.9 |
-0.7 |
-2,448.9 |
|
Unrealized Gain (Loss) |
625.9 |
362.5 |
310.3 |
177.1 |
23.4 |
|
Translation Adjustment |
-1,150.2 |
-1,912.9 |
-1,521.3 |
-981.6 |
-1,157.9 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Comprehensive Income |
17.9 |
-13.6 |
-7.4 |
9.7 |
-3.3 |
|
Other Equity, Total |
-1,132.2 |
-1,926.4 |
-1,528.8 |
-971.9 |
-1,161.2 |
|
Total Equity |
12,191.1 |
11,989.4 |
11,698.6 |
10,188.2 |
6,473.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
26,439.3 |
27,947.2 |
26,838.0 |
25,484.9 |
21,847.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
561.0 |
561.0 |
561.0 |
557.3 |
434.6 |
|
Total Common Shares Outstanding |
561.0 |
561.0 |
561.0 |
557.3 |
434.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
108.0 |
|
Employees |
55,948 |
54,484 |
52,731 |
51,503 |
50,613 |
|
Number of Common Shareholders |
43,655 |
46,121 |
50,284 |
50,812 |
39,339 |
|
Total Long Term Debt, Supplemental |
7,396.6 |
3,408.9 |
3,814.7 |
3,485.6 |
3,004.7 |
|
Long Term Debt Maturing within 1 Year |
375.2 |
2,451.2 |
842.8 |
424.0 |
446.0 |
|
Long Term Debt Maturing in Year 2 |
334.1 |
326.6 |
2,395.4 |
593.7 |
202.7 |
|
Long Term Debt Maturing in Year 3 |
927.1 |
268.3 |
228.1 |
2,059.1 |
297.1 |
|
Long Term Debt Maturing in Year 4 |
305.3 |
185.8 |
179.0 |
134.1 |
1,752.9 |
|
Long Term Debt Maturing in Year 5 |
775.9 |
36.9 |
130.5 |
117.4 |
127.9 |
|
Long Term Debt Maturing in 2-3 Years |
1,261.2 |
594.9 |
2,623.5 |
2,652.8 |
499.8 |
|
Long Term Debt Maturing in 4-5 Years |
1,081.2 |
222.7 |
309.5 |
251.5 |
1,880.7 |
|
Long Term Debt Matur. in Year 6 & Beyond |
4,679.1 |
140.1 |
38.8 |
157.3 |
178.2 |
|
Total Capital Leases, Supplemental |
0.5 |
1.0 |
1.6 |
1.5 |
1.8 |
|
Capital Lease Payments Due in Year 1 |
0.3 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Capital Lease Payments Due in Year 2 |
0.1 |
0.2 |
0.6 |
0.4 |
0.5 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.1 |
0.2 |
0.2 |
0.3 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.2 |
0.4 |
0.7 |
0.6 |
0.8 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
0.1 |
0.1 |
0.2 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Pension Obligation - Domestic |
1,155.7 |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
|
Plan Assets - Domestic |
891.1 |
928.3 |
847.3 |
704.6 |
628.5 |
|
Funded Status - Domestic |
-264.6 |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
|
Total Funded Status |
-264.6 |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
0.77% |
0.70% |
0.61% |
0.58% |
0.77% |
|
Prepaid Benefits - Domestic |
86.4 |
45.5 |
0.0 |
- |
- |
|
Accrued Liabilities - Domestic |
-402.8 |
-444.8 |
-447.9 |
-421.0 |
-426.1 |
|
Other Assets, Net - Domestic |
-51.8 |
-42.5 |
-32.9 |
-22.9 |
7.2 |
|
Net Assets Recognized on Balance Sheet |
-368.2 |
-441.8 |
-480.8 |
-443.9 |
-418.9 |
|
Total Plan Obligations |
1,155.7 |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
|
Total Plan Assets |
891.1 |
928.3 |
847.3 |
704.6 |
628.5 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,680.2 |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
|
Depreciation |
1,129.1 |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
|
Depreciation/Depletion |
1,129.1 |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
|
Unusual Items |
51.9 |
21.8 |
157.5 |
0.2 |
277.0 |
|
Equity in Net Earnings (Loss) |
-8.0 |
0.8 |
-48.6 |
-7.4 |
12.4 |
|
Other Non-Cash Items |
-112.9 |
62.6 |
-142.5 |
-118.4 |
-169.6 |
|
Non-Cash Items |
-69.0 |
85.2 |
-33.6 |
-125.7 |
119.8 |
|
Accounts Receivable |
123.5 |
-744.3 |
424.9 |
87.2 |
473.9 |
|
Inventories |
-36.5 |
-266.7 |
-91.2 |
1,032.8 |
604.2 |
|
Accounts Payable |
-98.1 |
1,232.0 |
-1,376.9 |
181.4 |
-2,052.2 |
|
Accrued Expenses |
139.9 |
84.5 |
272.7 |
-209.9 |
-49.6 |
|
Other Operating Cash Flow |
-578.3 |
-304.0 |
452.9 |
24.4 |
-957.8 |
|
Changes in Working Capital |
-449.5 |
1.5 |
-317.5 |
1,115.9 |
-1,981.4 |
|
Cash from Operating Activities |
2,290.7 |
2,871.3 |
2,642.8 |
3,511.6 |
340.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,975.8 |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
|
Capital Expenditures |
-1,975.8 |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
|
Sale of Fixed Assets |
42.2 |
47.5 |
79.6 |
68.4 |
50.2 |
|
Sale/Maturity of Investment |
1,274.3 |
1,583.8 |
5,105.7 |
4,270.0 |
668.1 |
|
Purchase of Investments |
-1,879.4 |
-1,652.0 |
-4,854.7 |
-6,146.8 |
-1,330.8 |
|
Other Investing Cash Flow |
0.9 |
344.5 |
163.6 |
160.5 |
8.4 |
|
Other Investing Cash Flow Items, Total |
-562.0 |
323.8 |
494.3 |
-1,647.9 |
-604.1 |
|
Cash from Investing Activities |
-2,537.8 |
-1,185.9 |
-1,019.7 |
-3,037.2 |
-2,616.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-22.3 |
-25.2 |
-40.8 |
-19.6 |
-19.2 |
|
Financing Cash Flow Items |
-22.3 |
-25.2 |
-40.8 |
-19.6 |
-19.2 |
|
Cash Dividends Paid - Common |
-108.2 |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
|
Total Cash Dividends Paid |
-108.2 |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
|
Sale/Issuance of
Common |
- |
0.0 |
75.0 |
2,393.8 |
0.0 |
|
Repurchase/Retirement
of Common |
- |
- |
-0.2 |
0.0 |
-222.8 |
|
Common Stock, Net |
- |
0.0 |
74.8 |
2,393.8 |
-222.7 |
|
Issuance (Retirement) of Stock, Net |
- |
0.0 |
74.8 |
2,393.8 |
-222.7 |
|
Short Term Debt, Net |
-103.7 |
-158.1 |
-666.1 |
-1,840.7 |
2,125.5 |
|
Long Term Debt Issued |
2,295.8 |
379.3 |
287.3 |
844.5 |
525.4 |
|
Long Term Debt
Reduction |
-2,466.9 |
-812.6 |
-445.3 |
-204.2 |
-19.5 |
|
Long Term Debt, Net |
-171.2 |
-433.3 |
-158.0 |
640.3 |
505.8 |
|
Issuance (Retirement) of Debt, Net |
-274.8 |
-591.4 |
-824.1 |
-1,200.4 |
2,631.3 |
|
Cash from Financing Activities |
-405.3 |
-716.0 |
-875.0 |
1,113.0 |
2,317.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
56.7 |
26.2 |
-182.6 |
70.5 |
-326.2 |
|
Net Change in Cash |
-595.7 |
995.5 |
565.6 |
1,657.9 |
-284.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,563.6 |
8,003.0 |
6,808.8 |
4,619.8 |
4,541.7 |
|
Net Cash - Ending Balance |
7,967.9 |
8,998.5 |
7,374.4 |
6,277.7 |
4,257.4 |
|
Cash Interest Paid |
62.8 |
51.7 |
58.5 |
84.9 |
74.6 |
|
Cash Taxes Paid |
409.3 |
374.1 |
381.0 |
184.6 |
473.0 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
31,075.1 |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
|
Total Revenue |
31,075.1 |
31,815.4 |
30,437.3 |
26,565.9 |
29,904.0 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
0.0 |
- |
- |
- |
|
Total |
23,131.3 |
24,255.3 |
23,181.5 |
20,246.9 |
23,048.0 |
|
Prov. for compensation of manufacture |
-2.3 |
2.4 |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
974.4 |
1,011.1 |
- |
- |
- |
|
Delivery expenses |
652.3 |
697.9 |
669.7 |
604.8 |
586.0 |
|
Advertisement expenses |
662.5 |
553.1 |
560.5 |
567.3 |
792.8 |
|
Sales incentive expenses |
542.2 |
513.3 |
562.2 |
514.6 |
495.3 |
|
Sales promotion expenses |
427.2 |
364.9 |
626.3 |
448.6 |
743.3 |
|
Payrolls |
792.4 |
812.2 |
734.0 |
685.8 |
652.6 |
|
Depreciation expense |
188.8 |
197.3 |
183.9 |
198.2 |
208.1 |
|
Research & Development |
1,437.5 |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
|
Provision for doubtful accounts(SGA) |
2.2 |
36.8 |
5.7 |
2.4 |
- |
|
Provision for directors' bonuses |
2.5 |
2.4 |
2.2 |
1.8 |
2.7 |
|
Periodic retirement benefit costs |
47.8 |
38.0 |
42.6 |
41.0 |
36.2 |
|
Reserve for officers retirement |
- |
- |
- |
0.7 |
0.0 |
|
Provision for product compensation |
- |
- |
- |
- |
12.1 |
|
Provision for product guarantee |
466.4 |
427.6 |
439.4 |
397.9 |
312.9 |
|
Reserve for recycling |
7.7 |
0.9 |
0.3 |
0.3 |
0.5 |
|
Other SGA |
- |
- |
966.5 |
831.1 |
1,103.9 |
|
Provision for disaster |
0.0 |
228.8 |
- |
- |
- |
|
SP Provision for Disaster |
- |
- |
0.0 |
- |
- |
|
SP Impairment Loss |
5.5 |
76.4 |
99.3 |
0.0 |
3.4 |
|
NOP Deprec.Rent Asset |
3.4 |
3.5 |
4.6 |
4.8 |
5.8 |
|
NOP Loss Val.Mkbl.Secs. |
46.4 |
67.6 |
62.5 |
0.2 |
273.5 |
|
Total Operating Expense |
29,388.1 |
30,680.8 |
29,355.8 |
25,717.0 |
29,421.2 |
|
|
|
|
|
|
|
|
NOP Interest Income |
197.5 |
186.0 |
154.1 |
160.1 |
197.3 |
|
Foreign Exchange Losses |
-22.9 |
-70.4 |
- |
- |
- |
|
NOP Divdend Income |
38.1 |
37.1 |
23.2 |
13.9 |
26.2 |
|
NOP Bad Debts & Allow for Dbtfl Accts |
-3.9 |
- |
- |
- |
- |
|
Reversal of allowance for investment los |
0.3 |
- |
- |
- |
- |
|
Provision Of Allowance For Investment Lo |
0.0 |
-0.4 |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
NOP Rent Income |
18.5 |
14.9 |
12.6 |
9.8 |
8.3 |
|
NOP G Foreign exchange gain |
- |
0.0 |
69.9 |
49.1 |
119.8 |
|
NOP Equity Gain |
8.0 |
0.0 |
48.6 |
7.4 |
0.0 |
|
Miscellaneous income |
149.4 |
186.1 |
134.2 |
123.2 |
127.4 |
|
NOP Interest expenses |
-66.4 |
-60.2 |
-59.4 |
-89.0 |
-92.3 |
|
NOP Provision of allowance for invest. |
- |
- |
0.0 |
- |
- |
|
NOP Equity losses |
0.0 |
-0.8 |
0.0 |
0.0 |
-12.4 |
|
NOP Exchange Loss |
- |
- |
0.0 |
- |
0.0 |
|
Miscellaneous expenses |
-135.8 |
-78.8 |
-134.5 |
-113.8 |
-67.6 |
|
SP Gain Sale Inv.Secs. |
0.0 |
122.2 |
4.3 |
1.6 |
0.0 |
|
Loss of liquidation of subsidiaries and |
-187.2 |
- |
- |
- |
- |
|
SP Gain Sale Fix Asset |
11.7 |
16.5 |
50.0 |
8.9 |
14.7 |
|
SP Loss Sale Fix Asset |
-14.1 |
-8.4 |
-5.4 |
-8.5 |
-7.0 |
|
SP Loss Sale Inv.Secs. |
- |
0.0 |
0.0 |
-16.4 |
0.0 |
|
Net Income Before Taxes |
1,680.2 |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
|
|
|
|
|
|
|
|
Total income taxes |
583.1 |
665.9 |
617.9 |
433.2 |
398.1 |
|
Net Income After Taxes |
1,097.1 |
812.7 |
761.3 |
562.1 |
399.1 |
|
|
|
|
|
|
|
|
Minority interests in income |
-128.2 |
-130.2 |
-234.1 |
-251.0 |
-126.1 |
|
Net Income Before Extra. Items |
968.9 |
682.5 |
527.2 |
311.1 |
273.0 |
|
Net Income |
968.9 |
682.5 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Net income after extra. items app. |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Income Available to Com Excl ExtraOrd |
968.9 |
682.4 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
968.9 |
682.4 |
527.2 |
311.1 |
273.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
561.0 |
561.0 |
560.1 |
460.7 |
444.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.73 |
1.22 |
0.94 |
0.68 |
0.61 |
|
Basic EPS Including ExtraOrdinary Items |
1.73 |
1.22 |
0.94 |
0.68 |
0.61 |
|
Dilution Adjustment |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Diluted Net Income |
969.1 |
682.7 |
527.4 |
311.3 |
273.2 |
|
Diluted Weighted Average Shares |
610.7 |
610.6 |
609.8 |
523.6 |
508.6 |
|
Diluted EPS Excluding ExtraOrd Items |
1.59 |
1.12 |
0.86 |
0.59 |
0.54 |
|
Diluted EPS Including ExtraOrd Items |
1.59 |
1.12 |
0.86 |
0.59 |
0.54 |
|
DPS-Ordinary Shares |
0.22 |
0.19 |
0.15 |
0.13 |
0.16 |
|
Gross Dividends - Common Stock |
121.7 |
106.6 |
85.1 |
65.4 |
70.5 |
|
Normalized Income Before Taxes |
1,921.7 |
1,843.2 |
1,496.4 |
995.1 |
1,066.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
666.9 |
830.2 |
670.4 |
433.1 |
532.5 |
|
Normalized Income After Taxes |
1,254.8 |
1,013.1 |
826.0 |
562.0 |
533.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,126.6 |
882.9 |
591.9 |
311.0 |
407.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.01 |
1.57 |
1.06 |
0.68 |
0.92 |
|
Diluted Normalized EPS |
1.85 |
1.45 |
0.97 |
0.59 |
0.80 |
|
Sales incentive expenses |
542.2 |
513.3 |
562.2 |
- |
- |
|
Advertisement expense |
662.5 |
553.1 |
560.5 |
567.3 |
792.8 |
|
Sales promotion expenses |
427.2 |
364.9 |
626.3 |
448.6 |
743.3 |
|
Interest expense, supplemental |
66.4 |
60.2 |
59.4 |
89.0 |
92.3 |
|
BC - Depreciation of Fixed Assets |
1,129.1 |
- |
- |
- |
- |
|
Depreciation, supplemental |
- |
1,305.9 |
- |
- |
- |
|
Depreciation, supplemental |
- |
- |
1,614.7 |
1,526.2 |
1,405.2 |
|
Research & development (SGA) |
1,437.5 |
1,391.2 |
1,214.6 |
1,170.5 |
1,144.1 |
|
Research & development (COGS) |
- |
- |
- |
- |
0.0 |
|
Income taxes-current |
487.0 |
457.7 |
- |
- |
- |
|
Current Tax - Total |
487.0 |
457.7 |
- |
- |
- |
|
Income taxes-deferred |
96.1 |
208.2 |
- |
- |
- |
|
Deferred Tax - Total |
96.1 |
208.2 |
- |
- |
- |
|
Income Tax - Total |
583.1 |
665.9 |
- |
- |
- |
|
Reported Operating Profit |
1,742.4 |
1,510.9 |
1,247.9 |
854.0 |
765.6 |
|
Reported Ordinary Profit |
1,875.3 |
1,653.4 |
1,429.6 |
1,009.7 |
792.9 |
|
Service Cost |
62.8 |
67.6 |
73.3 |
74.9 |
61.3 |
|
Interest Cost |
25.3 |
22.3 |
18.8 |
17.1 |
16.1 |
|
Expected Return on Plan Assets |
-8.4 |
-7.3 |
-5.7 |
-2.8 |
-5.3 |
|
Actuarial Gains and Losses |
18.0 |
14.6 |
13.6 |
9.5 |
9.7 |
|
Prior Service Cost |
-8.8 |
-9.1 |
-8.4 |
-7.7 |
-7.1 |
|
Domestic Pension Plan Expense |
88.9 |
88.0 |
91.6 |
91.0 |
74.6 |
|
Total Pension Expense |
88.9 |
88.0 |
91.6 |
91.0 |
74.6 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
2.00% |
2.00% |
- |
- |
|
Discount Rate |
- |
- |
- |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
0.77% |
0.70% |
0.61% |
- |
- |
|
Expected Rate of Return |
- |
- |
- |
0.58% |
0.77% |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
2,965.4 |
3,540.3 |
3,152.3 |
1,577.4 |
1,386.2 |
|
Notes and accounts receivable-trade |
2,691.5 |
3,083.9 |
2,468.7 |
2,660.2 |
2,523.9 |
|
Short-term investment securities |
5,947.7 |
6,586.9 |
5,841.1 |
6,446.8 |
3,477.8 |
|
Inventories - finished goods&merchandise |
1,947.0 |
2,055.0 |
1,967.7 |
1,844.2 |
2,554.0 |
|
Inventories - work-in-process |
322.4 |
249.7 |
266.4 |
207.4 |
239.1 |
|
Inventories - raw materials&supplies |
508.6 |
604.5 |
563.8 |
476.2 |
492.7 |
|
Dfrd. Income Tax |
991.7 |
1,127.7 |
1,042.4 |
1,045.1 |
1,003.6 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Current |
1,270.7 |
1,143.2 |
1,307.1 |
1,614.2 |
1,198.1 |
|
Allow.Doubt.Acct |
-62.6 |
-68.1 |
-44.7 |
-39.6 |
-39.6 |
|
Total Current Assets |
16,582.4 |
18,323.3 |
16,564.7 |
15,831.9 |
12,835.8 |
|
|
|
|
|
|
|
|
Other total PPE |
0.0 |
0.0 |
- |
- |
- |
|
Buildings and structures, net |
1,317.3 |
1,387.3 |
1,404.9 |
1,382.3 |
1,303.7 |
|
Machinery, equipment and vehicles, net |
1,843.5 |
1,672.7 |
1,839.4 |
2,159.6 |
2,347.6 |
|
Tools, furniture and fixtures, net |
217.6 |
153.6 |
296.5 |
216.0 |
259.7 |
|
Land |
2,248.0 |
2,244.0 |
2,222.6 |
1,932.1 |
1,668.7 |
|
Constr.in Progr. |
840.4 |
694.8 |
555.7 |
365.7 |
383.2 |
|
Other Total Intangible Assets, Net |
- |
0.0 |
- |
- |
- |
|
Goodwill |
81.1 |
19.5 |
25.4 |
13.0 |
8.0 |
|
Other Intangible |
31.7 |
60.5 |
32.2 |
17.2 |
17.1 |
|
Other LT investments |
2,117.7 |
1,891.5 |
- |
- |
- |
|
Investment Secs. |
- |
- |
2,000.6 |
1,450.0 |
1,231.5 |
|
Investments In Capital Of Subsidiaries A |
331.2 |
- |
- |
- |
- |
|
Invt Secs Noncons, Asc, Affd Cos |
181.6 |
134.6 |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
- |
284.8 |
- |
- |
- |
|
Inv. Securities.affiliates&sub. |
- |
- |
206.4 |
177.6 |
- |
|
Inv't partnership-nonconsol.affil.&sub. |
- |
- |
295.7 |
285.6 |
- |
|
Long-term loans receivable |
5.6 |
8.7 |
198.0 |
378.5 |
251.2 |
|
Deferred tax assets |
384.5 |
816.8 |
980.0 |
1,083.9 |
1,257.9 |
|
Other - Balancing value |
264.4 |
- |
- |
- |
- |
|
Other Long Term Assets |
0.0 |
- |
- |
- |
- |
|
Other Total investments and other assets |
0.0 |
- |
- |
- |
- |
|
Allowance For Doubtful Accounts |
-7.9 |
- |
- |
- |
- |
|
Rounding adjustment Assets |
- |
0.0 |
- |
- |
- |
|
Other Long Term Assets(1) |
- |
265.0 |
- |
- |
- |
|
Other Long Term Assets |
- |
0.0 |
- |
- |
- |
|
Other Asset |
- |
- |
227.6 |
204.5 |
323.9 |
|
Allow.Doubt.Acct |
- |
-9.5 |
-10.4 |
-10.7 |
-10.7 |
|
LT investments allow. doubtful acts |
- |
-0.4 |
-1.1 |
-2.3 |
-30.5 |
|
Total Assets |
26,439.3 |
27,947.2 |
26,838.0 |
25,484.8 |
21,847.1 |
|
|
|
|
|
|
|
|
Accounts payable-trade |
3,724.9 |
4,307.8 |
3,224.0 |
4,193.9 |
3,734.0 |
|
Short-term loans payable |
1,825.8 |
2,069.1 |
2,154.4 |
2,368.6 |
4,039.8 |
|
Current portion of bonds with subscripti |
0.0 |
1,820.4 |
- |
- |
- |
|
Convertible bonds (current) |
- |
- |
- |
0.0 |
299.7 |
|
Current portion of long-term loans payab |
375.2 |
630.8 |
720.5 |
424.0 |
146.2 |
|
Bonds w/stock warrants (current) |
- |
- |
0.0 |
- |
- |
|
Accrued Expense |
1,652.9 |
1,701.2 |
1,678.7 |
1,296.4 |
1,399.7 |
|
Income Tax Pybl. |
227.7 |
257.0 |
133.5 |
140.5 |
63.6 |
|
Provision for loss on liquidation of sub |
58.7 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
0.0 |
0.1 |
- |
- |
- |
|
Res.Warranty |
612.8 |
738.8 |
794.4 |
649.8 |
580.9 |
|
Provision for directors'' bonuses |
2.9 |
2.9 |
2.9 |
2.3 |
2.7 |
|
Other current liabilities |
921.1 |
1,059.5 |
1,013.1 |
919.4 |
719.7 |
|
Total Current Liabilities |
9,402.0 |
12,587.5 |
9,721.5 |
9,994.8 |
10,986.3 |
|
|
|
|
|
|
|
|
Convert. Bond |
- |
- |
- |
- |
0.0 |
|
Bond with subscription rights |
- |
0.0 |
1,809.5 |
1,605.0 |
1,518.4 |
|
Long-term loans payable |
2,342.4 |
817.6 |
1,162.3 |
1,456.6 |
1,040.4 |
|
Total Long Term Debt |
2,342.4 |
817.6 |
2,971.9 |
3,061.6 |
2,558.8 |
|
|
|
|
|
|
|
|
Res.Accru.Retire |
402.8 |
444.8 |
447.9 |
421.0 |
426.1 |
|
Provision for directors'' retirement ben |
14.1 |
16.5 |
17.4 |
15.6 |
16.2 |
|
Provision for Disater(1) |
183.0 |
219.3 |
- |
- |
- |
|
Provision for Disater |
- |
- |
0.0 |
- |
- |
|
Res.Oblig.Repara |
41.8 |
60.8 |
62.9 |
62.6 |
72.8 |
|
Recycle reserve |
20.8 |
16.1 |
15.1 |
13.5 |
12.5 |
|
Dfrd.Tax Liab. |
1.2 |
13.8 |
3.7 |
35.3 |
54.5 |
|
Other Long Term Liabilities |
0.1 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
Other Fix Liab. |
229.8 |
276.2 |
241.1 |
217.9 |
198.2 |
|
Minority Int. |
1,610.3 |
1,505.2 |
1,658.1 |
1,474.5 |
1,047.7 |
|
Total Liabilities |
14,248.2 |
15,957.8 |
15,139.5 |
15,296.7 |
15,373.2 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Common Stock |
1,466.9 |
1,675.2 |
1,665.2 |
1,442.7 |
1,217.1 |
|
Subscription rights to shares |
0.9 |
- |
- |
- |
- |
|
Total capital surpluses |
1,534.3 |
1,752.3 |
1,741.8 |
1,510.6 |
1,398.6 |
|
Total retained earnings |
9,696.2 |
10,126.8 |
9,510.9 |
8,030.4 |
7,444.9 |
|
Treasury Stock |
-0.9 |
-1.0 |
-0.9 |
-0.7 |
-2,448.9 |
|
Valuation difference on available-for-sa |
625.9 |
362.5 |
310.3 |
177.1 |
23.4 |
|
Deferred hedge gain/loss |
17.9 |
-13.6 |
-7.4 |
9.7 |
-3.3 |
|
Translation Adj. |
-1,150.2 |
-1,912.9 |
-1,521.3 |
-981.6 |
-1,157.9 |
|
Total Equity |
12,191.1 |
11,989.4 |
11,698.6 |
10,188.2 |
6,473.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
26,439.3 |
27,947.2 |
26,838.0 |
25,484.9 |
21,847.1 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
561.0 |
561.0 |
561.0 |
557.3 |
434.6 |
|
Total Common Shares Outstanding |
561.0 |
561.0 |
561.0 |
557.3 |
434.6 |
|
T/S-Ordinary Shares |
0.1 |
0.1 |
0.1 |
0.1 |
108.0 |
|
Full-Time Employees |
55,948 |
54,484 |
52,731 |
51,503 |
50,613 |
|
Total Number of Shareholders |
43,655 |
46,121 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
50,284 |
50,812 |
39,339 |
|
Bond Redemption Amounts within A Year |
- |
1,820.4 |
- |
- |
- |
|
LT Debt <1Yr. |
375.2 |
630.8 |
842.8 |
424.0 |
446.0 |
|
Over One Year And Within Two Years |
- |
0.0 |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
334.1 |
326.6 |
- |
- |
- |
|
LT Debt <2Yr. |
- |
- |
2,395.4 |
593.7 |
202.7 |
|
Over Two Years And Within Three Years |
- |
0.0 |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
927.1 |
268.3 |
- |
- |
- |
|
LT Debt <3Yr. |
- |
- |
228.1 |
2,059.1 |
297.1 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
305.3 |
185.8 |
- |
- |
- |
|
LT Debt <4Yr. |
- |
- |
179.0 |
134.1 |
1,752.9 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
775.9 |
36.9 |
- |
- |
- |
|
LT Debt <5Yr. |
- |
- |
130.5 |
117.4 |
127.9 |
|
Division And End Of Current Period Remai |
4,679.1 |
140.0 |
- |
- |
- |
|
Other remaining LT debt |
0.0 |
0.0 |
- |
- |
- |
|
LT Debt Remaining |
- |
- |
38.8 |
157.3 |
178.2 |
|
Total Long Term Debt, Supplemental |
7,396.6 |
3,408.9 |
3,814.7 |
3,485.6 |
3,004.7 |
|
Capital Leases Maturing within 1 Year |
0.3 |
0.6 |
0.7 |
0.8 |
0.8 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.1 |
0.2 |
- |
- |
- |
|
Capital Leases Maturing within 2 Years |
- |
- |
0.6 |
0.4 |
0.5 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.0 |
0.1 |
- |
- |
- |
|
Capital Leases Maturing within 3 Years |
- |
- |
0.2 |
0.2 |
0.3 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.0 |
0.0 |
- |
- |
- |
|
Capital Leases Maturing within 4 Years |
- |
- |
0.1 |
0.1 |
0.1 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.0 |
0.0 |
- |
- |
- |
|
Capital Leases Maturing within 5 Years |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other remaining capital lease |
0.0 |
0.0 |
- |
- |
- |
|
Capital Leases - Remaining Maturities |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.5 |
1.0 |
1.6 |
1.5 |
1.8 |
|
Pension Obligation |
1,155.7 |
1,285.1 |
1,262.4 |
1,102.6 |
1,061.9 |
|
Fair Value of Plan Assets |
891.1 |
928.3 |
847.3 |
704.6 |
628.5 |
|
Funded Status |
-264.6 |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
|
Total Funded Status |
-264.6 |
-356.8 |
-415.0 |
-398.1 |
-433.4 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return |
0.77% |
0.70% |
0.61% |
0.58% |
0.77% |
|
Prepaid Pension Expense |
86.4 |
45.5 |
0.0 |
- |
- |
|
Unrecognized Actuarial Gains and Losses |
-8.6 |
16.7 |
32.6 |
42.9 |
76.7 |
|
Unrecognized Prior Service Cost |
-43.2 |
-59.2 |
-65.5 |
-65.8 |
-69.5 |
|
Reserve for Accrued Retirement Benefits |
-402.8 |
-444.8 |
-447.9 |
-421.0 |
-426.1 |
|
Net Assets Recognized on Balance Sheet |
-368.2 |
-441.8 |
-480.8 |
-443.9 |
-418.9 |
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 |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
Seimei Audit
Corporation |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Income Before Tax |
1,680.2 |
1,478.6 |
1,379.2 |
995.2 |
797.2 |
|
Depreciation |
1,129.1 |
1,305.9 |
1,614.7 |
1,526.2 |
1,405.2 |
|
Loss (gain) on sales of investment secur |
0.0 |
-122.2 |
- |
- |
- |
|
Impairment Loss |
5.5 |
76.4 |
99.3 |
0.0 |
3.4 |
|
Increase (decrease) in provision for los |
66.5 |
- |
- |
- |
- |
|
Increase(Decrease) in Provision for Disa |
-10.2 |
228.8 |
- |
- |
- |
|
Increase (decrease) in provision for ret |
- |
-3.2 |
-24.7 |
-33.4 |
-38.4 |
|
Incre.(Dec.) in Provision for Disaster |
- |
- |
0.0 |
- |
- |
|
Int. & Div. Income |
-235.6 |
-223.1 |
-177.3 |
-174.1 |
-223.5 |
|
Interest Expense |
66.4 |
60.2 |
59.4 |
89.0 |
92.3 |
|
Equity in (earnings) losses of affiliate |
-8.0 |
0.8 |
-48.6 |
-7.4 |
12.4 |
|
Loss (gain) on valuation of securities |
46.4 |
67.6 |
62.5 |
0.2 |
273.5 |
|
G/L on sale of LT inv't in secs. |
- |
- |
-4.3 |
- |
- |
|
Decrease (increase) in notes and account |
123.5 |
-744.3 |
424.9 |
87.2 |
473.9 |
|
Decrease (increase) in inventories |
-36.5 |
-266.7 |
-91.2 |
1,032.8 |
604.2 |
|
Increase (decrease) in notes and account |
-98.1 |
1,232.0 |
-1,376.9 |
181.4 |
-2,052.2 |
|
Increase Decrease In Accrued Expenses |
139.9 |
84.5 |
272.7 |
-209.9 |
-49.6 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
-340.9 |
-122.7 |
731.1 |
111.3 |
-617.8 |
|
Int. & Div. Rcvd. |
234.6 |
244.6 |
161.3 |
182.5 |
207.6 |
|
Interest expenses paid |
-62.8 |
-51.7 |
-58.5 |
-84.9 |
-74.6 |
|
Income taxes paid, cash basis |
-409.3 |
-374.1 |
-381.0 |
-184.6 |
-473.0 |
|
Consosl.Change Term |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
2,290.7 |
2,871.3 |
2,642.8 |
3,511.6 |
340.8 |
|
|
|
|
|
|
|
|
Time Depo.Made |
-396.6 |
-541.9 |
-1,028.9 |
-493.3 |
-933.4 |
|
Time Depo.Matured |
501.4 |
517.7 |
581.0 |
802.7 |
552.8 |
|
Purchase of short-term investment securi |
-1,370.7 |
-1,071.8 |
-3,522.5 |
-4,999.2 |
-81.7 |
|
Proceeds from sales of short-term invest |
772.9 |
749.2 |
4,512.6 |
3,368.0 |
85.4 |
|
Purchase of property, plant and equipmen |
-1,975.8 |
-1,509.7 |
-1,513.9 |
-1,389.4 |
-2,012.3 |
|
Proceeds from sales of property, plant a |
42.2 |
47.5 |
79.6 |
68.4 |
50.2 |
|
Pay.Purch.Inv.Secs. |
-48.2 |
-27.7 |
-294.4 |
-188.4 |
-238.8 |
|
Proc.Sale Inv.Secs. |
0.0 |
316.9 |
12.1 |
99.1 |
29.9 |
|
Purchase of subs.' securities |
- |
- |
0.0 |
-4.0 |
- |
|
Sale subsidiaries' securities |
- |
- |
0.0 |
0.2 |
- |
|
Inv't made to closely held company |
-58.6 |
-4.9 |
-5.0 |
-23.3 |
0.0 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Loans Made |
-5.3 |
-5.8 |
-3.8 |
-438.7 |
-76.9 |
|
Loans Collected |
8.1 |
364.2 |
190.6 |
167.1 |
11.1 |
|
Other, net |
-7.2 |
-19.7 |
-27.0 |
-6.6 |
-2.8 |
|
Cash from Investing Activities |
-2,537.8 |
-1,185.9 |
-1,019.7 |
-3,037.2 |
-2,616.4 |
|
|
|
|
|
|
|
|
Increase (decrease) in short-term loans |
-103.7 |
-158.1 |
-666.1 |
-1,840.7 |
2,125.5 |
|
Issue Bond/LT Debt |
- |
- |
- |
- |
0.0 |
|
Proceeds from long-term loans payable |
2,295.8 |
379.3 |
287.3 |
844.5 |
525.4 |
|
Redemption of bonds |
-1,807.6 |
- |
- |
- |
- |
|
Redempt.Bond/LT Debt |
- |
- |
- |
- |
0.0 |
|
Repayment of long-term loans payable |
-659.4 |
-812.6 |
-445.3 |
-204.2 |
-19.5 |
|
Proc. Issue Stock |
- |
0.0 |
75.0 |
0.0 |
- |
|
Dividend Paid |
-108.2 |
-99.5 |
-84.8 |
-60.7 |
-71.8 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Div.Paid Minority |
-21.9 |
-24.7 |
-40.6 |
-14.4 |
-18.9 |
|
Purch.Treas.Stock |
- |
- |
-0.2 |
0.0 |
-222.8 |
|
Sale of treasuries |
- |
- |
0.0 |
2,393.8 |
0.0 |
|
Other, net |
-0.5 |
-0.5 |
-0.2 |
-5.2 |
-0.4 |
|
Cash from Financing Activities |
-405.3 |
-716.0 |
-875.0 |
1,113.0 |
2,317.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
56.7 |
26.2 |
-182.6 |
70.5 |
-326.2 |
|
Net Change in Cash |
-595.7 |
995.5 |
565.6 |
1,657.9 |
-284.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
8,563.6 |
8,003.0 |
6,808.8 |
4,619.8 |
4,541.7 |
|
Net Cash - Ending Balance |
7,967.9 |
8,998.5 |
7,374.4 |
6,277.7 |
4,257.4 |
|
Cash Interest Paid |
62.8 |
51.7 |
58.5 |
84.9 |
74.6 |
|
Cash Taxes Paid |
409.3 |
374.1 |
381.0 |
184.6 |
473.0 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
UK Pound |
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
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.