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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
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Name : |
MITSUBISHI ELECTRIC CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
15.01.1921 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus |
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No. of Employees : |
120,958 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 690.875 Millions |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
Source
: CIA
Mitsubishi
Electric Corporation
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Business
Description
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Mitsubishi Electric Corporation is engaged in developing, manufacturing,
sale and distribution of a range of electrical and electronic equipment. The
Company operates in six business segments. The Heavy Electric Machinery
System manufactures and sells turbine generators, electric motors,
transformers, power electronics equipment and switchgears. The Industrial
Mechatronic segment manufactures and sells programmable controllers,
inverters, servo, factory automation systems and hoists. The Information
Communication System segment manufactures and sells wireless and satellite
communication equipment, mobile phones and radar apparatus. The Electronic
Device segment manufactures and sells power modules, high frequency devices
and liquid crystal display devices. The Household Appliances segment
manufactures and sells color televisions (TVs), projection TV, microwave
ovens and packaged air conditioners. The Others segment provides financial,
logistics, real estate and advertising services. For the fiscal year ended 31
March 2013, Mitsubishi Electric Corporation revenues decreased 2% to Y3.567T.
Net income decreased 38% to Y69.52B. Revenues reflect Industrial Automation
segment decrease of 5% to Y918.12B, Electronic Devices Business segment
decrease of 16% to Y142.96B, Home Appliances segment decrease of 3% to
Y799.82B, |
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
2711 - Manufacture of electric
motors, generators and transformers |
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NAICS 2012: |
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2711 - Manufacture of electric
motors, generators and transformers |
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US SIC 1987: |
Key Executives
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Significant
Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
Mitsubishi
Electric Corp Files Lawsuit Against European Commission - Denki Shimbun |
14-Sep-2012 |
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1 |
22-Nov-2012 |
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2 |
Mitsubishi
Electric Corp Acquires F.A. Tech in Thailand-THE ASAHI SHIMBUN |
30-Jul-2013 |
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1 |
Kang
Yong Electric PCL Announces Asset Acquisition from Mitsubishi Electric Corp's
Subsidiary |
8-Nov-2012 |
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1 |
Mitsubishi
Electric Corp Lowers Consolidated Full-year Outlook for FY Ending March 2013 |
21-Dec-2012 |
Financial Summary
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Stock Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855
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Mitsubishi
Electric Corporation The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic projects
and investments. More about Strategic
Initiatives
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Partnerships |
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, Ltd. (CGNPC).This is the first of 14 digital I&C systems for which
Mitsubishi Electric and CTEC received orders in July 2007 as part of the
first commercial collaboration between China and Japan in the field of
nuclear power. The digital I&C system enables overall control and
monitoring of the NPP for safe operation and efficient power generation. The
system comprises a main board for controlling plant operations, non-safety
control cabinets, safety-protection cabinets and related software equipped in
each cabinet. |
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The framework also helps to enhance the competitiveness of Mitsubishi
Electric in marketing and related services. Also, the strong synergistic
corporate network framework helps the company to improve the synergies
between business segments. The corporate strategies of the company enable it
to derive synergies across the company’s support functions and promote
global management in collaboration with parent factories in |
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The corporate strategies of the company enable it to derive synergies
across the company’s support functions and promote global management in
collaboration with parent factories in |
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Its electric power systems segment is engaged in the generation,
transmission and distribution of electricity. The segment also provides other
energy-related services such as particle beam treatment systems and
information and telecommunications systems for power utilities. The company
is planning to increase its global presence for global switchgear business as
well as its power transformer and power electronics businesses, principally
in the |
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1. The accompanying generator will be provided by Mitsubishi Electric
Corporation. MHI believes that the high operational availability and
reliability of its previously delivered equipment were highly evaluated and
contributed to the awarding of the new order.May 21, 2013Mitsubishi Electric
And Echelon Collaborate To Enhance Smart Meter BusinessMitsubishi Electric
Corp. announced a collaboration with Echelon Corp. to integrate Echelon's
Open Smart Grid Protocol (OSGP) into Mitsubishi Electric's lineup of smart
meter products.Mitsubishi Electric's new smart meters will incorporate
grid-sensing and communication technologies based on Echelon's OSGP and its
networked energy services software as well as Mitsubishi Electric's sensing
and metering technologies. The products will be manufactured at Mitsubishi
Electric Automation ( |
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in |
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Mitsubishi Electric |
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It also completed constructing a new proton therapy system for cancer
treatment at its |
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Product |
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Under VI strategy, the company diversifies its business operations
into different categories, including air conditioning and household
equipment, transportation systems, power systems, satellites, optical
broadband access systems, elevators and escalators, FA/mechatronics products,
network security systems, electric and electronic products for automobiles,
and power semiconductors. The AD strategy of the company reinforces various
solutions and businesses, which are centered on its core business operations.
The company’s AD strategy focuses on development of competitive products
and services through enhancing the broad-ranging technologies and technical
know-how to develop solutions businesses through product synergies. This
policy significantly supports the company's business operations and
contributed to its growth.Robust Research and Development BaseOperating in
technology intensive businesses, Mitsubishi Electric prioritizes research and
development (R&D) activity as it creates a competitive advantage.
Currently, the company holds approximately 38,000 patents and about 11,000
new applications filed each year in |
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|
The VI strategy of the company focuses on making strong businesses
stronger whereas AD strategy is designed to reinforce solutions centered on
strong businesses. Under VI strategy, the company diversifies its business
operations into different categories, including air conditioning and
household equipment, transportation systems, power systems, satellites,
optical broadband access systems, elevators and escalators, FA/mechatronics
products, network security systems, electric and electronic products for
automobiles, and power semiconductors. The AD strategy of the company
reinforces various solutions and businesses, which are centered on its core
business operations. The company’s AD strategy focuses on development of
competitive products and services through enhancing the broad-ranging
technologies and technical know-how to develop solutions businesses through
product synergies. This policy significantly supports the company's business
operations and contributed to its growth.Robust Research and Development
BaseOperating in technology intensive businesses, Mitsubishi Electric
prioritizes research and development (R&D) activity as it creates a
competitive advantage. |
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Resource Management |
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The corporate strategies of Mitsubishi Electric Corp. also develop a
link between regional strategies and business and product-line strategies. The
growth strategy of the company helps Mitsubishi Electric Corp. to strengthen
its business operations. It encompasses a variety of growth strategies
including VI strategy and AD strategy. The VI strategy of the company focuses
on making strong businesses stronger whereas AD strategy is designed to
reinforce solutions centered on strong businesses. Under VI strategy, the
company diversifies its business operations into different categories,
including air conditioning and household equipment, transportation systems,
power systems, satellites, optical broadband access systems, elevators and
escalators, FA/mechatronics products, network security systems, electric and
electronic products for automobiles, and power semiconductors. |
|
|
The growth strategy of the company helps Mitsubishi Electric Corp. to
strengthen its business operations. It encompasses a variety of growth
strategies including VI strategy and AD strategy. The VI strategy of the
company focuses on making strong businesses stronger whereas AD strategy is
designed to reinforce solutions centered on strong businesses. Under VI
strategy, the company diversifies its business operations into different
categories, including air conditioning and household equipment,
transportation systems, power systems, satellites, optical broadband access
systems, elevators and escalators, FA/mechatronics products, network security
systems, electric and electronic products for automobiles, and power
semiconductors. The AD strategy of the company reinforces various solutions
and businesses, which are centered on its core business operations |
|
Strengths/Weaknesses
(SWOT)
|
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Helpful |
Harmful |
|
Internal Origin |
Strengths ·
Significant Market Position: Solar
Business |
Weaknesses |
|
External Origin |
Opportunities |
Threats |
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Helpful |
Harmful |
|
Internal Origin |
Strengths ·
Significant Market Position: Solar
Business |
Weaknesses |
|
External Origin |
Opportunities |
Threats |
Mitsubishi Electric Corporation (Mitsubishi Electric) is a leading
global electrical and electronics company that engages in the manufacture, marketing
and selling of electrical and electronic equipment for use in various
residential, commercial and industrial applications worldwide. Its balanced
corporate management policy helps it in strengthening its management resources
and improving its financial position. The company’s solar products have high
efficiency, which contributes for its profitable growth. However, declining
profitability are few areas of concern to the company. Nonetheless, the company
could explore multiple opportunities amidst the growing demand for solar PV
cells. However, growing competition in the technology and communication as well
as solar markets and changing regulations could challenge the company in
growing with ease.
Significant Market Position: Solar Business
A strong position in one of its existing and emerging businesses helped
Mitsubishi Electric achieve profitable growth and successful expansion of its
portfolio. Mitsubishi Electric has been involved in solar power business for
more than 35 years. The company provides photovoltaic modules that are used for
both domestic and commercial applications. It also provides solar PV inverters
available only in
Robust Research and Development Base
Operating in technology intensive businesses, Mitsubishi Electric
prioritizes research and development (R&D) activity as it creates a
competitive advantage. Currently, the company holds approximately 38,000
patents and about 11,000 new applications filed each year in
Wide range of offerings enabling to serve diverse markets helps the
company to serve substantial customer base and generate significant revenue.
The company’s product portfolio comprises energy and electric systems,
electronic devices, industrial automation systems, information and
communication systems, and home appliances. The company’s energy and electric
Systems include turbine and hydraulic turbine generators, nuclear power plant
equipment, motors, transformers, power electronics equipment, circuit breakers,
gas insulated switches, switch control devices, surveillance system controls,
and security systems. Its electronic devices include power modules,
high-frequency and optical devices, LCD devices, PCBs and system LSIs. The
company’s industrial automation systems include programmable logic
controllers, inverters, servomotors, motors, hoists, magnetic switches, circuit
breakers, transformers, time and power meters, industrial sewing machines,
computerized numerical controllers, electrical-discharge and laser processing
machines, industrial robots, clutches, car audio equipment, car navigation
systems, automotive electrical and electronic equipment. The company’s
information and communication systems include wireless and wired communications
systems, surveillance cameras, satellite communications equipment, satellites,
radar equipment, antennas, missile systems, fire control systems, broadcasting
equipment, data transmission devices, network security systems, information
systems equipment, systems integration. The company’s home appliances
products include televisions, display monitors, video projectors, VCRs, DVDs,
room and package air conditioners, refrigerators, electric fans, washing
machines, solar power generation systems, hot water supply systems, fluorescent
lamps, indoor lighting, air heaters, compressors, chillers, humidifiers,
dehumidifiers, air purifiers, cleaners, and microwave ovens. The company’s
products allow it serve diverse markets such as energy, electronics,
industrial, Technology, Telecommunication, Healthcare and several others.
Diversity of end-use customer base helps the company in reducing potential
impacts of volatility in any individual market segment.
Balanced Corporate Management Policy
Mitsubishi Electric employs a policy of Balanced Corporate Management
(BCM) that strengthens its business operations. The company’s BCM prioritizes
growth strategies, strengthening management resources and improving financial
position. Its initiatives are focused on two frameworks, namely, Front-line
Priority Framework and Strong Synergistic Corporate Network Framework. BCM’s
Front-line Priority Framework focuses on increasing the competitiveness of the
company’s operation in the areas of quality, costs, manufacturing technologies,
research and development, and intellectual properties (IP). The framework also
helps to enhance the competitiveness of Mitsubishi Electric in marketing and
related services. Also, the strong synergistic corporate network framework
helps the company to improve the synergies between business segments. The
corporate strategies of the company enable it to derive synergies across the
company’s support functions and promote global management in collaboration
with parent factories in
The company's has been exhibiting a declining trend in its operating
income for the past three years. Mitsubishi Electric’s reported a 2% decrease
in revenue from ¥ 3,639,468m in 2012 to ¥ 3,567,184m in 2013. Its operating
income decreased to ¥ 152,095m in 2013, indicating a decrease of 32.5% over
the previous year. The decrease in operating income has resulted in the
decrease of net income from ¥112,063m in 2012 to ¥ 69,517m in 2013. For the
fiscal years ended March 2011, 2012 and 2013, the company's operating margin
were 6.41%, 6.194% and 4.264%. The decreasing trend in operating margin
indicates that the company's operating expenses grows at a higher rate than
that of its revenue. The company's operating costs as a percentage of sales was
reported at 95.73% in 2013, as compared to 93.80% in 2012. Its administration
costs also increased to 18.19% in 2013 as compared to 17.18% in 2012. The
company's declining operational efficiency affects its financial and
operational condition.
Mitsubishi Electric is aiming to expand its power business to enhance
its competitiveness and revenue from the segment. Mitsubishi Electric Corp. has
targeted to generate annual sales of JPY 400 billion during the period between
2014 and 2016 (April 2013 to March 2016). Its electric power systems segment is
engaged in the generation, transmission and distribution of electricity. The
segment also provides other energy-related services such as particle beam
treatment systems and information and telecommunications systems for power
utilities. The company is planning to increase its global presence for global
switchgear business as well as its power transformer and power electronics
businesses, principally in the
Strategic
Mitsubishi Electric could significantly benefit through its alliance
with ITC Holdings Corp. (ITC). The agreement would favor expanding the
company’s existing business alliance to develop and produce extra high
voltage 765 kilovolt (kV) circuit breakers and 765 kV power transformers. The
strategic alliance will concentrate on improving product development lead
times, efficiency, technical design, material standardization and life cycle
costs. The company will manufacture 765 kV transformers, which will be used in
ITC’s Green Power Express project, a 3,000-mile long network of transmission
lines that will move renewable energy from remote areas in the Upper Midwest to
major Midwest and East Coast population centers. The company along with
Mitsubishi Electric Power Products has successfully supplied many sulfur
hexafluoride (SF6) power circuit breakers and gas insulated substations (GIS)
during last five years. In addition, ITC and Mitsubishi Electric Power Products
agreed to work jointly on the development of a 765 kV cirvuit breaker that will
go into production by 2011. The strategic alliance will help the company to
capitalize its products across the nation for other projects.
The company’s expansion in its solar PV capacity would allow it to
meet the growing demand in solar photovoltaic market. The solar PV market is
rapidly growing solar PV market and the growth in this sector is augmented by
various effective supporting policies and sharp cost reduction in the recent
past. According to in-house data, prices of solar PV systems decreased 40%
between 2008 and 2009. The global cumulative installed solar PV power capacity
led to substantial growth, reaching 14 GW in 2008 from 0.1 GW in 1992,
recording average annual growth rate of 40% for the period. The global
cumulative installed solar PV power capacity is expected to reach 200 GW by
2020, growing at an average annual rate of 17%. Germany is the largest solar PV
market with a cumulative installed solar PV capacity of 5.3 GW, with 36% of the
global market, followed by Spain with 3.2 GW, Japan (2.1 GW) and the US (1.2
GW). These major countries hold about 80% of the global cumulative installed PV
capacity. Other potential solar PV markets include countries such as
The company could leverage its growth through strategic investments
across its operating segments. In 2013, the company’s Turkish subsidiary
Mitsubishi Electric Turkey A.S., integrated the operations of GENEL TEKNIK
SISTEMLER SANAYI ve TICARET ANONIM SIRKETI (GTS) to strengthen its operations
in the industrial automation business. The company’s subsidiary PT.
Mitsubishi Electric Indonesia established a new factory automation (FA) center
in its
Fluctuations in foreign currency markets may affect the company sales of
exported products and purchases of imported materials that are denominated in the
US dollars or Euros, as well as its Asian production bases' sales of exported
products and purchases of imported materials that are denominated in foreign
currencies. In spite of economic recovery in fiscal year 2010, the company
experienced decrease in its financial performance due to the Yen appreciation
against the US dollar compared to the previous fiscal year. Such fluctuations
in the currency could pose threat to the business environment of the company.
Government Regulations & Environmental Compliance
Mitsubishi Electric is subject to comply with numerous federal, state,
and local government and environment laws and regulations related to the
electric utility industry and the production and discharge of materials into
the environment. The electric utility regulations principally relate to
electricity pricing and technical interconnection of customer-owned electricity
generation. The environmental laws relate to the discharge of harmful materials
into the environment. These regulations are frequently modified and the
investments made by various energy companies might get deterred by such
changing regulations. Furthermore, the costs for making such changes may be
higher and harmful to the business prospects, results of operation and
financial position of the company. Thus, such kinds of changing regulations
along with higher costs can unfavorably affect the business operations and the
profitability of the company.
Increasing Players in Solar PV Market
The PV solar market is rapidly evolving and has many industrial players
entering into it. Mitsubishi Electric competes with specialized suppliers of
silicon wafers and ingots in the solar cell industry. Few of the key
competitors of the company include Hitachi Ltd. and Sony Corporation. There is
high encouragement from the governments to setup renewable production
capacities for generating renewable energy. Due to such support, there are low
entry barriers due to which many big players having huge financial resources
are entering into this evolving market, thus increasing the competition.
Mitsubishi Electric is also expanding its production capacities and presence
across other parts of the value chain and geographies to earn major market
shares and facing tough competition with such competitors. Such competition
would increase the fight for raw material suppliers and distributing its
products to the customers.
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Mitsubishi
Electric Corporation |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chiyoda-Ku |
|
Electrical Equipment and Appliances Manufacturing |
42,993.4 |
120,958 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
4,500 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
2,200.0 |
2,500 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
430 |
|
|
Division |
|
|
Miscellaneous Wholesale |
|
40 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
100.0 |
400 |
|
|
Subsidiary |
|
|
Audio and Video Equipment Manufacturing |
406.7 |
360 |
|
|
Joint Venture |
|
|
Semiconductor and Other Electronic Component Manufacturing |
62.0 |
325 |
|
|
Branch |
|
|
Electronics Wholesale |
288.3 |
245 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
200 |
|
|
Branch |
|
|
Specialty Construction Trade Contractors |
26.2 |
130 |
|
|
Subsidiary |
|
|
Research and Development Services |
16.4 |
80 |
|
|
Branch |
Countryside, IL |
|
Specialty Construction Trade Contractors |
8.6 |
40 |
|
|
Branch |
|
|
Electronics Wholesale |
14.9 |
11 |
|
|
Branch |
|
|
Electronics Wholesale |
14.9 |
11 |
|
|
Branch |
|
|
Electronics Wholesale |
14.9 |
11 |
|
|
Branch |
|
|
Electronics Wholesale |
14.3 |
11 |
|
|
Branch |
|
|
Electronics Wholesale |
13.5 |
11 |
|
|
Branch |
|
|
Electronics Wholesale |
9.5 |
7 |
|
|
Branch |
|
|
Electronics Wholesale |
7.8 |
6 |
|
|
Branch |
|
|
Specialty Construction Trade Contractors |
1.0 |
5 |
|
|
Branch |
|
|
Electronics Wholesale |
4.1 |
3 |
|
|
Branch |
|
|
Electronics Wholesale |
3.7 |
3 |
|
|
Branch |
|
|
Associations and Organizations |
|
3 |
|
|
Subsidiary |
|
|
Banking |
|
2 |
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Pluakdaeng, Rayong |
|
Motor Vehicle Parts Manufacturing |
|
2,300 |
|
|
Subsidiary |
Si Racha, Chon Buri |
|
Machinery and Equipment Manufacturing |
|
2,239 |
|
|
Subsidiary |
Chonburi |
|
Motor Vehicle Parts Manufacturing |
|
2,239 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
1,979 |
|
|
Joint Venture |
|
|
Specialty Construction Trade Contractors |
|
1,943 |
|
|
Subsidiary |
|
|
Miscellaneous Professional Services |
22.2 |
17 |
|
|
Subsidiary |
|
|
Machinery Wholesale |
9.5 |
10 |
|
|
Subsidiary |
|
|
Computer Programming |
|
1,708 |
|
|
Subsidiary |
Chonburi |
|
Machinery and Equipment Manufacturing |
|
1,700 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
1,650 |
|
|
Subsidiary |
Chonburi |
|
Motor Vehicle Parts Manufacturing |
716.1 |
1,200 |
|
|
Affiliates |
Samut Prakan |
|
Electrical Equipment and Appliances Manufacturing |
310.3 |
1,162 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
1,000 |
|
|
Subsidiary |
Fukaya, Saitama |
|
Electrical Equipment and Appliances Manufacturing |
|
1,000 |
|
|
Subsidiary |
|
|
Computer Programming |
212.4 |
939 |
|
|
Subsidiary |
|
|
Computer Programming |
21.5 |
|
|
|
Mitsubishi
Electric Consumer Products (Thailand) Company Limited |
Subsidiary |
Muang, Chon Buri |
|
Nonclassifiable Establishments |
|
850 |
|
Joint Venture |
|
|
Computer and Peripheral Equipment Manufacturing |
|
700 |
|
|
Subsidiary |
|
|
Computer and Peripheral Equipment Manufacturing |
112.3 |
100 |
|
|
Subsidiary |
|
|
Machinery Wholesale |
|
700 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
43.0 |
|
|
|
Mitsubishi
Electric Micro-Computer Application Software Co., Ltd. |
Subsidiary |
|
|
Computer Programming |
|
660 |
|
Subsidiary |
Chuo-Ku |
|
Specialty Construction Trade Contractors |
423.5 |
651 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
40.2 |
500 |
|
|
Subsidiary |
Petaling Jaya, Selangor |
|
Machinery Wholesale |
35.6 |
500 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
500 |
|
|
Subsidiary |
Hatfield |
|
Electrical Equipment and Appliances Manufacturing |
117.9 |
454 |
|
|
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
82.4 |
400 |
|
|
Subsidiary |
Bangplee, Samutprakarn |
|
Machinery Wholesale |
|
400 |
|
|
Subsidiary |
Gurgaon, Haryana |
|
Electrical Equipment and Appliances Manufacturing |
|
400 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
168.9 |
327 |
|
|
Subsidiary |
|
|
Metal Products Manufacturing |
82.1 |
|
|
|
Unit |
Setouchi, |
|
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Chofu |
|
Communications Equipment Manufacturing |
|
325 |
|
|
Subsidiary |
Slany |
|
Motor Vehicle Parts Manufacturing |
146.6 |
300 |
|
|
Subsidiary |
Senai, Johor |
|
Audio and Video Equipment Manufacturing |
50.5 |
300 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
41.4 |
300 |
|
|
Subsidiary |
Bekasi, |
|
Motor Vehicle Parts Manufacturing |
|
300 |
|
|
Subsidiary |
|
|
Miscellaneous Professional Services |
88.2 |
271 |
|
|
Subsidiary |
Ako-Gun, Hyogo |
|
Electrical Equipment and Appliances Manufacturing |
90.0 |
230 |
|
|
Subsidiary |
Dbayeh |
|
Machinery and Equipment Manufacturing |
|
220 |
|
|
Subsidiary |
Slaný |
|
Motor Vehicle Parts Manufacturing |
106.8 |
208 |
|
|
Mitsubishi
Electric Automotive Czech s.r.o. - Automation Factory |
Facility |
|
|
Motor Vehicle Parts Manufacturing |
|
|
|
Subsidiary |
Rydalmere, NSW |
|
Computer, Office Equipment and Software Merchant Wholesalers |
224.1 |
205 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
200 |
|
|
Branch |
Sant Cugat |
|
Electrical Equipment and Appliances Manufacturing |
|
200 |
|
|
Subsidiary |
Kikugawa, |
|
Electrical Equipment and Appliances Manufacturing |
115.2 |
152 |
|
|
Subsidiary |
Itami, Hyogo |
|
Communications Equipment Manufacturing |
221.8 |
150 |
|
|
Subsidiary |
Veenendaal |
|
Machinery and Equipment Manufacturing |
|
150 |
|
|
Subsidiary |
Rosarito, Baja Cfa |
|
Holding Companies |
|
140 |
|
|
Subsidiary |
Isahaya, |
|
Semiconductor and Other Electronic Component Manufacturing |
67.1 |
134 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
278.1 |
133 |
|
|
Subsidiary |
Gurgaon |
|
Electronics Wholesale |
|
130 |
|
|
Subsidiary |
|
|
Appliance Repair and Maintenance |
223.2 |
124 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
120 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
120 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
100 |
|
|
Subsidiary |
Petaling Jaya, Selangor Darul Ehsan |
|
Specialty Construction Trade Contractors |
|
100 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
100 |
|
|
Mitsubishi
Electric de Mexico S.A. de C.V. - San Juan Del Rio Factory |
Facility |
San Juan del |
|
Motor Vehicle Parts Manufacturing |
|
|
|
Mitsubishi
Electric Ryoden Air-conditioning & Visual Information Systems (Hong Kong)
Ltd |
Subsidiary |
|
|
Electronics Wholesale |
|
90 |
|
Subsidiary |
Marugame, Kagawa |
|
Electrical Equipment and Appliances Manufacturing |
19.7 |
68 |
|
|
Subsidiary |
Schiphol-Rijk, Noord-Holland |
|
Computer, Office Equipment and Software Merchant Wholesalers |
|
58 |
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
252.3 |
50 |
|
|
Subsidiary |
Fuldabrück, Hessen |
|
Machinery and Equipment Manufacturing |
13.2 |
50 |
|
|
Subsidiary |
Al Khobar |
|
Specialty Construction Trade Contractors |
|
50 |
|
|
Subsidiary |
Schiphol-Rijk |
|
Electrical Equipment and Appliances Manufacturing |
19.4 |
47 |
|
|
Subsidiary |
|
|
Rubber and Plastic Product Manufacturing |
18.7 |
47 |
|
|
Subsidiary |
Unterhaching, Bayern |
|
Electrical Equipment and Appliances Manufacturing |
119.6 |
40 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
43.0 |
39 |
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
12.7 |
34 |
|
|
Subsidiary |
Fukui, Fukui |
|
Electronics Wholesale |
36.9 |
33 |
|
|
Branch |
|
|
Miscellaneous Wholesale |
4.1 |
33 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
32 |
|
|
Subsidiary |
Uxbridge |
|
Holding Companies |
6.0 |
30 |
|
|
Subsidiary |
|
|
Electromedical and Control Instruments Manufacturing |
|
30 |
|
|
Branch |
Carnaxide, Lisboa |
|
Electrical Equipment and Appliances Manufacturing |
|
28 |
|
|
Subsidiary |
|
|
Computer Programming |
5.6 |
27 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
25 |
|
|
Melco-Tec
Representação Comercial E Assessoria Técnica Ltda. |
Subsidiary |
|
|
Machinery Wholesale |
2.6 |
10 |
|
Subsidiary |
Uxbridge |
|
Banking |
6.1 |
4 |
|
|
Subsidiary |
Monte Claros, Minas Gerais |
|
Electrical Equipment and Appliances Manufacturing |
8.2 |
1 |
|
|
Subsidiary |
Arakawa-Ku, |
|
Specialty Construction Trade Contractors |
3,658.6 |
|
|
|
Subsidiary |
|
|
Industrial Machinery Repair and Maintenance |
14.6 |
231 |
|
|
Subsidiary |
|
|
Industrial Machinery Repair and Maintenance |
12.7 |
118 |
|
|
Subsidiary |
Arakawa-Ku, |
|
Miscellaneous Professional Services |
57.0 |
|
|
|
Subsidiary |
Taito-Ku, |
|
Specialty Construction Trade Contractors |
49.9 |
|
|
|
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
15.8 |
|
|
|
Subsidiary |
|
|
Industrial Machinery Repair and Maintenance |
13.9 |
|
|
|
Subsidiary |
Shinjuku-Ku, |
|
Miscellaneous Professional Services |
12.0 |
|
|
|
Branch |
|
|
Industrial Machinery Repair and Maintenance |
|
|
|
|
Subsidiary |
Schiphol-Rijk, Noord-Holland |
|
Banking |
3,560.0 |
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
620 |
|
|
Subsidiary |
|
|
Electronics Wholesale |
2,964.2 |
218 |
|
|
Subsidiary |
Taito-Ku, |
|
Electronics Wholesale |
2,922.8 |
|
|
|
Subsidiary |
Mitaka, |
|
Specialty Construction Trade Contractors |
157.6 |
|
|
|
Subsidiary |
Ginowan, |
|
Electronics Wholesale |
72.1 |
|
|
|
Subsidiary |
Koto-Ku, |
|
Electronics Wholesale |
1,603.8 |
|
|
|
Subsidiary |
Shibuya-Ku, |
|
Trucking |
1,079.5 |
|
|
|
Subsidiary |
|
|
Commercial Real Estate Leasing |
21.2 |
234 |
|
|
Subsidiary |
|
|
Shipping and Water Transportation Services |
135.6 |
|
|
|
Subsidiary |
|
|
Postal, Shipping and Messengers |
6.6 |
11 |
|
|
Subsidiary |
North Point, |
|
Commercial and Industrial Rental |
|
6 |
|
|
Subsidiary |
|
|
Commercial Real Estate Leasing |
27.8 |
|
|
|
Subsidiary |
Shibuya-Ku, |
|
Trucking |
16.0 |
|
|
|
Subsidiary |
Setagaya-Ku, |
|
Appliance Repair and Maintenance |
893.2 |
|
|
|
Subsidiary |
Minato-Ku, |
|
Computer Programming |
794.1 |
|
|
|
Subsidiary |
Chuo-Ku, |
|
Electronics Wholesale |
777.9 |
|
|
|
Subsidiary |
Minato-Ku, |
|
Computer and Office Machine Repair and Maintenance |
404.2 |
|
|
|
Subsidiary |
|
|
Communications Equipment Manufacturing |
18.4 |
|
|
|
Subsidiary |
Shinagawa-Ku, |
|
Communications Equipment Manufacturing |
351.1 |
|
|
|
Subsidiary |
|
|
Metal Products Manufacturing |
322.7 |
|
|
|
Subsidiary |
North Point, |
|
Electronics Wholesale |
289.3 |
|
|
|
Subsidiary |
Koto-Ku, |
|
Electrical Equipment and Appliances Manufacturing |
232.4 |
|
|
|
Subsidiary |
|
|
Miscellaneous Personal Services |
20.4 |
114 |
|
|
Subsidiary |
|
|
Metal Products Manufacturing |
210.7 |
|
|
|
Subsidiary |
Minato-Ku, |
|
Advertising Services |
197.0 |
|
|
|
Subsidiary |
|
|
Machinery Wholesale |
180.3 |
|
|
|
Subsidiary |
Tamba, Hyogo |
|
Electrical Equipment and Appliances Manufacturing |
143.2 |
|
|
|
Subsidiary |
Chiyoda-Ku, |
|
Transportation Equipment Wholesale |
140.0 |
|
|
|
Subsidiary |
|
|
Computer Programming |
140.0 |
|
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
139.8 |
|
|
|
Subsidiary |
|
|
Motor Vehicle Wholesale |
128.3 |
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
127.4 |
|
|
|
Subsidiary |
Inazawa, Aichi |
|
Transportation Equipment Wholesale |
125.5 |
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
109.1 |
|
|
|
Subsidiary |
|
|
Metal Products Manufacturing |
107.4 |
|
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
101.6 |
|
|
|
Subsidiary |
|
|
Residential and Commercial Building Construction |
80.7 |
|
|
|
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
79.8 |
|
|
|
Subsidiary |
Kasaoka, |
|
Electromedical and Control Instruments Manufacturing |
79.2 |
|
|
|
Subsidiary |
Nishi Sonogi-Gun, |
|
Electrical Equipment and Appliances Manufacturing |
77.6 |
|
|
|
Subsidiary |
|
|
Metal Products Manufacturing |
71.8 |
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
66.1 |
|
|
|
Subsidiary |
Nakatsugawa, |
|
Motor Vehicle Parts Manufacturing |
65.9 |
|
|
|
Subsidiary |
Nakatsugawa, |
|
Electrical Equipment and Appliances Manufacturing |
31.0 |
100 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
65.1 |
|
|
|
Subsidiary |
|
|
Specialty Construction Trade Contractors |
64.8 |
|
|
|
Subsidiary |
Nakatsugawa, |
|
Electrical Equipment and Appliances Manufacturing |
63.4 |
|
|
|
Subsidiary |
Bogotá DC |
|
Machinery and Equipment Manufacturing |
61.0 |
|
|
|
Subsidiary |
Minato-Ku, |
|
Specialty Construction Trade Contractors |
60.6 |
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
59.1 |
|
|
|
Subsidiary |
|
|
Waste Management |
58.6 |
|
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
45.6 |
|
|
|
Subsidiary |
|
|
Architecture and Engineering |
42.2 |
|
|
|
Subsidiary |
|
|
Computer Programming |
41.0 |
|
|
|
Subsidiary |
Chiyoda-Ku, |
|
Travel and Reservation Services |
39.3 |
|
|
|
Subsidiary |
Matsue, Shimane |
|
Electronics Wholesale |
33.0 |
|
|
|
Subsidiary |
|
|
Software |
33.0 |
|
|
|
Subsidiary |
Shimabara, |
|
Motor Vehicle Parts Manufacturing |
32.4 |
|
|
|
Subsidiary |
Metro |
|
Machinery and Equipment Manufacturing |
26.7 |
|
|
|
Subsidiary |
Nakatsugawa, |
|
Industrial Machinery Repair and Maintenance |
24.9 |
|
|
|
Subsidiary |
Mitoyo, Kagawa |
|
Electrical Equipment and Appliances Manufacturing |
18.5 |
|
|
|
Subsidiary |
|
|
Real Estate Agents and Brokers |
13.9 |
|
|
|
Subsidiary |
Nagaokakyo, |
|
Appliance Repair and Maintenance |
13.6 |
|
|
|
Subsidiary |
Chiyoda-Ku, |
|
Consulting Services |
10.1 |
|
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Salmiya |
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Subsidiary |
North Point, |
|
Electronics Wholesale |
38.5 |
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Computer Programming |
|
|
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Bunkyo-Ku, |
|
Employment Services |
57.5 |
|
|
|
Subsidiary |
|
|
Machinery Wholesale |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
Gurgaon, Haryana |
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Machinery Wholesale |
|
|
|
|
Subsidiary |
Salmiya |
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
10 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
26 |
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Shanghai
Mitsubishi Electric & Shangling Air-Conditioner and Electric Appliance Co
Ltd |
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
|
|
|
Subsidiary |
|
|
Motor Vehicle Wholesale |
|
|
|
|
Subsidiary |
|
|
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Investment Services |
|
|
|
|
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
|
|
|
|
Subsidiary |
Tanba, Hyogo |
|
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Koshi, |
|
Computer and Peripheral Equipment Manufacturing |
|
|
|
|
Subsidiary |
|
|
Building and Dwelling Services |
|
|
|
|
Subsidiary |
|
|
Computer Programming |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Mitsubishi
Electric Air Conditioning & Refrigeration Systems Co., Ltd. |
Subsidiary |
|
|
Motor Vehicle Parts Manufacturing |
|
|
|
Subsidiary |
Minato-Ku, |
|
Architecture and Engineering |
21.6 |
|
|
|
Mitsubishi
Electric Air Conditioning & Refrigeration Equipment Sales Co., Ltd. |
Subsidiary |
|
|
Construction and Hardware Materials Wholesale |
|
|
|
Subsidiary |
|
|
Real Estate Agents and Brokers |
|
|
|
|
Subsidiary |
Minato-Ku, |
|
Real Estate Agents and Brokers |
31.9 |
|
|
|
Subsidiary |
Minato-Ku, |
|
Hotels and Accommodation |
20.3 |
|
|
|
Subsidiary |
|
|
Computer System Design Services |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Subsidiary |
|
|
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Subsidiary |
|
|
Electronics Wholesale |
|
|
|
|
Subsidiary |
|
|
Machinery Wholesale |
|
|
|
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
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 |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
42,993.4 |
46,091.8 |
42,540.2 |
36,079.8 |
36,474.5 |
|
Revenue |
42,993.4 |
46,091.8 |
42,540.2 |
36,079.8 |
36,474.5 |
|
Total Revenue |
42,993.4 |
46,091.8 |
42,540.2 |
36,079.8 |
36,474.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
31,389.0 |
33,294.4 |
30,609.3 |
26,953.6 |
26,979.1 |
|
Cost of Revenue, Total |
31,389.0 |
33,294.4 |
30,609.3 |
26,953.6 |
26,979.1 |
|
Gross Profit |
11,604.4 |
12,797.5 |
11,930.9 |
9,126.2 |
9,495.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
7,820.7 |
7,918.9 |
7,536.1 |
6,607.0 |
6,473.2 |
|
Total Selling/General/Administrative Expenses |
7,820.7 |
7,918.9 |
7,536.1 |
6,607.0 |
6,473.2 |
|
Research & Development |
1,898.5 |
1,975.6 |
1,620.1 |
1,322.3 |
1,325.8 |
|
Impairment-Assets Held for Use |
52.0 |
47.9 |
46.7 |
182.3 |
305.9 |
|
Unusual Expense (Income) |
52.0 |
47.9 |
46.7 |
182.3 |
305.9 |
|
Total Operating Expense |
41,160.3 |
43,236.7 |
39,812.3 |
35,065.2 |
35,084.0 |
|
|
|
|
|
|
|
|
Operating Income |
1,833.1 |
2,855.1 |
2,727.9 |
1,014.6 |
1,390.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-78.4 |
-86.3 |
-90.4 |
-100.5 |
-109.6 |
|
Interest Expense, Net Non-Operating |
-78.4 |
-86.3 |
-90.4 |
-100.5 |
-109.6 |
|
Interest Income -
Non-Operating |
93.3 |
105.5 |
95.2 |
96.0 |
128.9 |
|
Investment Income -
Non-Operating |
-176.2 |
-68.0 |
-236.7 |
-374.4 |
-673.9 |
|
Interest/Investment Income - Non-Operating |
-82.9 |
37.6 |
-141.5 |
-278.5 |
-545.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-161.3 |
-48.8 |
-231.9 |
-379.0 |
-654.6 |
|
Other Non-Operating Income (Expense) |
-886.7 |
31.5 |
-42.6 |
55.8 |
-298.7 |
|
Other, Net |
-886.7 |
31.5 |
-42.6 |
55.8 |
-298.7 |
|
Income Before Tax |
785.1 |
2,837.8 |
2,453.4 |
691.4 |
437.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
-114.6 |
1,340.1 |
899.7 |
337.7 |
279.1 |
|
Income After Tax |
899.7 |
1,497.8 |
1,553.7 |
353.7 |
158.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-61.9 |
-78.5 |
-100.5 |
-49.4 |
-37.0 |
|
Net Income Before Extraord Items |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
Net Income |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2,146.9 |
2,146.9 |
2,147.0 |
2,146.1 |
2,146.4 |
|
Basic EPS Excl Extraord Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Basic/Primary EPS Incl Extraord Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
Diluted Weighted Average Shares |
2,146.9 |
2,146.9 |
2,147.0 |
2,146.1 |
2,146.4 |
|
Diluted EPS Excl Extraord Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Diluted EPS Incl Extraord Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Dividends per Share - Common Stock Primary Issue |
0.13 |
0.15 |
0.14 |
0.04 |
0.06 |
|
Gross Dividends - Common Stock |
284.6 |
326.3 |
300.6 |
92.3 |
128.2 |
|
Interest Expense, Supplemental |
78.4 |
86.3 |
90.4 |
100.5 |
109.6 |
|
Depreciation, Supplemental |
1,542.0 |
1,611.5 |
1,228.6 |
1,465.3 |
1,758.7 |
|
Total Special Items |
52.0 |
47.9 |
46.7 |
182.3 |
305.9 |
|
Normalized Income Before Tax |
837.1 |
2,885.7 |
2,500.2 |
873.7 |
743.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
18.2 |
22.6 |
17.1 |
89.0 |
107.1 |
|
Inc Tax Ex Impact of Sp Items |
-96.4 |
1,362.7 |
916.8 |
426.8 |
386.2 |
|
Normalized Income After Tax |
933.5 |
1,523.0 |
1,583.3 |
446.9 |
357.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
871.7 |
1,444.5 |
1,482.8 |
397.5 |
319.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.41 |
0.67 |
0.69 |
0.19 |
0.15 |
|
Diluted Normalized EPS |
0.41 |
0.67 |
0.69 |
0.19 |
0.15 |
|
Advertising Expense, Supplemental |
217.3 |
232.7 |
199.0 |
177.1 |
216.2 |
|
Research & Development Exp, Supplemental |
1,898.5 |
1,975.6 |
1,620.1 |
1,322.3 |
1,325.8 |
|
Reported Operating Profit |
1,833.1 |
2,855.1 |
2,727.9 |
1,014.6 |
1,390.5 |
|
Normalized EBIT |
1,885.2 |
2,903.0 |
2,774.7 |
1,196.9 |
1,696.5 |
|
Normalized EBITDA |
3,427.2 |
4,514.5 |
4,003.3 |
2,662.2 |
3,455.2 |
|
Current Tax - Total |
283.1 |
534.3 |
- |
- |
- |
|
Current Tax - Total |
283.1 |
534.3 |
- |
- |
- |
|
Deferred Tax - Total |
-397.7 |
805.8 |
- |
- |
- |
|
Deferred Tax - Total |
-397.7 |
805.8 |
- |
- |
- |
|
Income Tax - Total |
-114.6 |
1,340.1 |
- |
- |
- |
|
Interest Cost - Domestic |
259.9 |
276.6 |
260.8 |
248.6 |
233.8 |
|
Service Cost - Domestic |
367.7 |
384.1 |
350.7 |
350.0 |
373.5 |
|
Prior Service Cost - Domestic |
-262.1 |
-215.9 |
-198.3 |
-167.1 |
-154.3 |
|
Expected Return on Assets - Domestic |
-163.4 |
-162.5 |
-140.7 |
-111.6 |
-121.0 |
|
Actuarial Gains and Losses - Domestic |
328.5 |
353.4 |
409.7 |
454.3 |
311.2 |
|
Other Pension, Net - Domestic |
-13.0 |
-14.0 |
-13.2 |
-12.6 |
-12.1 |
|
Domestic Pension Plan Expense |
517.6 |
621.6 |
669.0 |
761.6 |
631.2 |
|
Total Pension Expense |
517.6 |
621.6 |
669.0 |
761.6 |
631.2 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Compensation Rate - Domestic |
1.70% |
1.70% |
1.70% |
1.70% |
1.70% |
|
Total Plan Interest Cost |
259.9 |
276.6 |
260.8 |
248.6 |
233.8 |
|
Total Plan Service Cost |
367.7 |
384.1 |
350.7 |
350.0 |
373.5 |
|
Total Plan Expected Return |
-163.4 |
-162.5 |
-140.7 |
-111.6 |
-121.0 |
|
Total Plan Other Expense |
-13.0 |
-14.0 |
-13.2 |
-12.6 |
-12.1 |
|
|
|
Annual Balance
Sheet |
|
Financials in: USD
(mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,176.6 |
4,760.3 |
5,695.8 |
4,185.8 |
3,630.8 |
|
Short Term Investments |
8.6 |
36.4 |
121.0 |
102.1 |
134.4 |
|
Cash and Short Term Investments |
3,185.2 |
4,796.7 |
5,816.8 |
4,287.9 |
3,765.2 |
|
Accounts Receivable -
Trade, Gross |
9,847.2 |
- |
8,933.8 |
8,031.9 |
7,388.4 |
|
Provision for Doubtful
Accounts |
-88.1 |
- |
-101.0 |
-97.5 |
-104.9 |
|
Trade Accounts Receivable - Net |
9,759.1 |
11,540.1 |
8,832.8 |
7,934.4 |
7,283.5 |
|
Notes Receivable - Short Term |
598.2 |
- |
711.0 |
528.3 |
481.9 |
|
Total Receivables, Net |
10,357.3 |
11,540.1 |
9,543.8 |
8,462.7 |
7,765.3 |
|
Inventories - Finished Goods |
2,570.5 |
2,827.1 |
2,596.5 |
1,850.7 |
2,099.8 |
|
Inventories - Work In Progress |
2,886.4 |
3,362.5 |
2,811.0 |
2,414.5 |
2,505.6 |
|
Inventories - Raw Materials |
961.6 |
1,098.1 |
957.2 |
809.8 |
776.8 |
|
Inventories - Other |
-139.9 |
-294.0 |
- |
- |
- |
|
Total Inventory |
6,278.5 |
6,993.7 |
6,364.7 |
5,075.0 |
5,382.2 |
|
Prepaid Expenses |
2,968.8 |
3,341.5 |
3,287.5 |
2,802.4 |
2,727.9 |
|
Total Current Assets |
22,789.8 |
26,672.0 |
25,012.8 |
20,627.9 |
19,640.7 |
|
|
|
|
|
|
|
|
Buildings |
7,008.4 |
7,580.2 |
7,379.0 |
6,464.2 |
5,979.4 |
|
Land/Improvements |
1,120.7 |
1,241.7 |
1,199.8 |
1,054.0 |
1,009.9 |
|
Machinery/Equipment |
17,405.8 |
18,707.7 |
17,806.7 |
15,637.9 |
14,606.5 |
|
Construction in
Progress |
540.1 |
502.1 |
324.1 |
240.5 |
222.5 |
|
Property/Plant/Equipment - Gross |
26,075.0 |
28,031.6 |
26,709.6 |
23,396.6 |
21,818.3 |
|
Accumulated Depreciation |
-19,666.1 |
-21,272.6 |
-20,345.6 |
-17,857.9 |
-16,205.0 |
|
Property/Plant/Equipment - Net |
6,408.9 |
6,759.0 |
6,364.1 |
5,538.7 |
5,613.3 |
|
LT Investment - Affiliate Companies |
1,926.7 |
2,173.2 |
2,289.9 |
1,855.4 |
1,888.1 |
|
LT Investments - Other |
2,574.9 |
2,918.8 |
3,127.0 |
3,128.0 |
2,772.9 |
|
Long Term Investments |
4,501.7 |
5,091.9 |
5,416.9 |
4,983.4 |
4,661.0 |
|
Note Receivable - Long Term |
26.8 |
12.3 |
25.2 |
16.7 |
96.2 |
|
Other Long Term Assets |
2,519.7 |
2,632.8 |
3,391.9 |
3,241.4 |
3,745.2 |
|
Other Long Term Assets, Total |
2,519.7 |
2,632.8 |
3,391.9 |
3,241.4 |
3,745.2 |
|
Total Assets |
36,246.8 |
41,168.1 |
40,210.9 |
34,408.1 |
33,756.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
6,937.3 |
8,499.8 |
8,419.3 |
6,781.6 |
6,197.5 |
|
Accrued Expenses |
3,569.6 |
4,257.3 |
4,440.1 |
3,817.5 |
3,489.4 |
|
Notes Payable/Short Term Debt |
1,401.2 |
1,355.5 |
783.1 |
760.1 |
2,090.9 |
|
Current Portion - Long Term Debt/Capital Leases |
1,095.6 |
1,078.2 |
1,663.3 |
620.5 |
1,056.7 |
|
Income Taxes Payable |
126.7 |
192.6 |
572.1 |
248.1 |
248.0 |
|
Other Current Liabilities |
2,023.1 |
2,016.5 |
1,863.2 |
1,330.9 |
1,223.6 |
|
Other Current liabilities, Total |
2,149.7 |
2,209.1 |
2,435.4 |
1,578.9 |
1,471.6 |
|
Total Current Liabilities |
15,153.4 |
17,399.9 |
17,741.2 |
13,558.5 |
14,306.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,248.6 |
4,148.7 |
3,397.6 |
4,371.8 |
3,715.5 |
|
Total Long Term Debt |
3,248.6 |
4,148.7 |
3,397.6 |
4,371.8 |
3,715.5 |
|
Total Debt |
5,745.4 |
6,582.4 |
5,844.0 |
5,752.4 |
6,863.1 |
|
|
|
|
|
|
|
|
Minority Interest |
711.3 |
710.7 |
708.1 |
605.8 |
531.2 |
|
Pension Benefits - Underfunded |
2,710.0 |
4,516.4 |
5,055.6 |
4,909.7 |
6,028.9 |
|
Other Long Term Liabilities |
606.1 |
646.5 |
635.5 |
639.2 |
574.2 |
|
Other Liabilities, Total |
3,316.1 |
5,162.8 |
5,691.1 |
5,548.9 |
6,603.1 |
|
Total Liabilities |
22,429.3 |
27,422.2 |
27,537.9 |
24,085.1 |
25,155.9 |
|
|
|
|
|
|
|
|
Common Stock |
1,868.7 |
2,134.1 |
2,121.4 |
1,881.6 |
1,780.1 |
|
Common Stock |
1,868.7 |
2,134.1 |
2,121.4 |
1,881.6 |
1,780.1 |
|
Additional Paid-In Capital |
2,188.8 |
2,504.6 |
2,517.7 |
2,247.5 |
2,135.1 |
|
Retained Earnings (Accumulated Deficit) |
10,756.1 |
11,726.9 |
10,641.6 |
8,313.0 |
7,578.1 |
|
Treasury Stock - Common |
-2.5 |
-2.7 |
-2.4 |
-16.0 |
-6.5 |
|
Unrealized Gain (Loss) |
287.6 |
148.2 |
70.8 |
178.6 |
-42.5 |
|
Translation Adjustment |
-85.3 |
-821.2 |
-716.7 |
-444.4 |
-480.9 |
|
Minimum Pension Liability Adjustment |
-1,195.9 |
-1,944.0 |
-1,959.3 |
-1,837.3 |
-2,362.8 |
|
Other Equity, Total |
-1,281.2 |
-2,765.2 |
-2,676.0 |
-2,281.7 |
-2,843.7 |
|
Total Equity |
13,817.5 |
13,745.9 |
12,673.0 |
10,323.0 |
8,600.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
36,246.8 |
41,168.1 |
40,210.9 |
34,408.1 |
33,756.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
2,146.9 |
2,146.9 |
2,146.9 |
2,145.2 |
2,146.4 |
|
Total Common Shares Outstanding |
2,146.9 |
2,146.9 |
2,146.9 |
2,145.2 |
2,146.4 |
|
Treasury Shares - Common Stock Primary Issue |
0.3 |
0.3 |
0.3 |
2.0 |
0.8 |
|
Employees |
120,958 |
117,314 |
114,443 |
109,565 |
106,931 |
|
Number of Common Shareholders |
110,401 |
114,762 |
112,666 |
120,128 |
130,341 |
|
Total Long Term Debt, Supplemental |
4,344.2 |
5,226.9 |
5,060.9 |
4,992.3 |
4,772.1 |
|
Long Term Debt Maturing within 1 Year |
1,095.6 |
1,078.2 |
1,663.3 |
620.5 |
1,056.7 |
|
Long Term Debt Maturing in Year 2 |
1,068.0 |
1,240.4 |
1,065.4 |
1,461.2 |
581.6 |
|
Long Term Debt Maturing in Year 3 |
939.8 |
996.8 |
1,183.2 |
895.7 |
1,349.0 |
|
Long Term Debt Maturing in Year 4 |
498.6 |
677.1 |
411.3 |
1,020.8 |
808.3 |
|
Long Term Debt Maturing in Year 5 |
222.1 |
543.9 |
90.1 |
347.0 |
552.8 |
|
Long Term Debt Maturing in 2-3 Years |
2,007.8 |
2,237.2 |
2,248.6 |
2,356.8 |
1,930.6 |
|
Long Term Debt Maturing in 4-5 Years |
720.7 |
1,221.1 |
501.4 |
1,367.7 |
1,361.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
520.1 |
690.4 |
647.6 |
647.2 |
423.9 |
|
Total Capital Leases, Supplemental |
303.6 |
362.1 |
368.7 |
326.7 |
374.9 |
|
Capital Lease Payments Due in Year 1 |
112.6 |
134.1 |
139.3 |
125.5 |
142.2 |
|
Capital Lease Payments Due in Year 2 |
90.1 |
115.4 |
119.4 |
101.6 |
110.3 |
|
Capital Lease Payments Due in Year 3 |
59.8 |
65.3 |
67.3 |
59.8 |
65.8 |
|
Capital Lease Payments Due in Year 4 |
31.0 |
36.5 |
28.8 |
27.9 |
35.4 |
|
Capital Lease Payments Due in Year 5 |
9.5 |
9.9 |
11.8 |
7.7 |
15.5 |
|
Capital Lease Payments Due in 2-3 Years |
149.9 |
180.7 |
186.7 |
161.4 |
176.0 |
|
Capital Lease Payments Due in 4-5 Years |
40.5 |
46.3 |
40.6 |
35.6 |
50.9 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.7 |
0.9 |
2.0 |
4.2 |
5.8 |
|
Total Operating Leases, Supplemental |
136.5 |
157.2 |
157.9 |
121.7 |
125.0 |
|
Operating Lease Payments Due in Year 1 |
47.3 |
54.7 |
55.3 |
48.9 |
45.1 |
|
Operating Lease Payments Due in Year 2 |
36.2 |
39.2 |
40.4 |
33.4 |
35.8 |
|
Operating Lease Payments Due in Year 3 |
23.7 |
28.6 |
26.2 |
21.4 |
23.8 |
|
Operating Lease Payments Due in Year 4 |
13.9 |
16.6 |
14.9 |
10.5 |
12.8 |
|
Operating Lease Payments Due in Year 5 |
8.5 |
9.9 |
9.1 |
4.7 |
4.8 |
|
Operating Lease Pymts. Due in 2-3 Years |
59.9 |
67.8 |
66.6 |
54.9 |
59.7 |
|
Operating Lease Pymts. Due in 4-5 Years |
22.4 |
26.4 |
24.0 |
15.2 |
17.6 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
6.8 |
8.2 |
12.0 |
2.7 |
2.6 |
|
Pension Obligation - Domestic |
11,034.0 |
12,781.0 |
12,935.4 |
11,725.7 |
11,504.3 |
|
Plan Assets - Domestic |
8,339.9 |
8,293.4 |
7,910.1 |
6,824.9 |
5,492.6 |
|
Funded Status - Domestic |
-2,694.1 |
-4,487.6 |
-5,025.3 |
-4,900.8 |
-6,011.6 |
|
Total Funded Status |
-2,694.1 |
-4,487.6 |
-5,025.3 |
-4,900.8 |
-6,011.6 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Compensation Rate - Domestic |
1.70% |
1.70% |
1.70% |
1.70% |
1.70% |
|
Other Assets, Net - Domestic |
-2,365.6 |
-3,585.8 |
-3,589.9 |
-3,140.3 |
-4,089.6 |
|
Net Assets Recognized on Balance Sheet |
-2,365.6 |
-3,585.8 |
-3,589.9 |
-3,140.3 |
-4,089.6 |
|
Total Plan Obligations |
11,034.0 |
12,781.0 |
12,935.4 |
11,725.7 |
11,504.3 |
|
Total Plan Assets |
8,339.9 |
8,293.4 |
7,910.1 |
6,824.9 |
5,492.6 |
|
|
|
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 |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
899.7 |
1,497.8 |
1,553.7 |
353.7 |
158.1 |
|
Depreciation |
1,542.0 |
1,611.5 |
1,228.6 |
1,288.6 |
1,473.0 |
|
Depreciation/Depletion |
1,542.0 |
1,611.5 |
1,228.6 |
1,288.6 |
1,473.0 |
|
Deferred Taxes |
- |
- |
265.9 |
80.0 |
200.4 |
|
Unusual Items |
73.1 |
120.1 |
67.1 |
188.5 |
482.5 |
|
Equity in Net Earnings (Loss) |
176.2 |
42.6 |
236.7 |
374.4 |
673.9 |
|
Other Non-Cash Items |
-397.7 |
805.8 |
- |
- |
- |
|
Non-Cash Items |
-148.4 |
968.5 |
303.9 |
563.0 |
1,156.4 |
|
Accounts Receivable |
-0.6 |
-2,103.5 |
-170.3 |
-174.0 |
1,082.0 |
|
Inventories |
201.3 |
-705.9 |
-764.5 |
606.4 |
-375.4 |
|
Other Assets |
-256.0 |
-222.3 |
29.1 |
118.1 |
-87.6 |
|
Accounts Payable |
-753.9 |
115.4 |
772.3 |
488.2 |
-1,333.1 |
|
Accrued Expenses |
-767.0 |
-773.9 |
-338.6 |
-140.4 |
-429.8 |
|
Other Liabilities |
202.3 |
-92.6 |
509.4 |
76.1 |
-388.9 |
|
Other Operating Cash Flow |
77.8 |
657.1 |
434.1 |
293.7 |
347.5 |
|
Changes in Working Capital |
-1,296.0 |
-3,125.6 |
471.4 |
1,268.1 |
-1,185.3 |
|
Cash from Operating Activities |
997.4 |
952.1 |
3,823.5 |
3,553.2 |
1,802.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,813.0 |
-2,018.0 |
-1,256.1 |
-1,173.5 |
-1,407.5 |
|
Capital Expenditures |
-1,813.0 |
-2,018.0 |
-1,256.1 |
-1,173.5 |
-1,407.5 |
|
Sale of Fixed Assets |
57.8 |
64.4 |
52.6 |
68.3 |
43.2 |
|
Sale/Maturity of Investment |
350.6 |
202.1 |
220.5 |
216.8 |
136.3 |
|
Investment, Net |
-173.5 |
- |
- |
- |
- |
|
Purchase of Investments |
-157.1 |
-149.0 |
-602.6 |
-496.1 |
-863.3 |
|
Other Investing Cash Flow |
-117.2 |
-77.4 |
-113.8 |
-62.5 |
-47.7 |
|
Other Investing Cash Flow Items, Total |
-39.5 |
40.2 |
-443.4 |
-273.5 |
-731.5 |
|
Cash from Investing Activities |
-1,852.5 |
-1,977.9 |
-1,699.5 |
-1,447.1 |
-2,139.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-35.9 |
-128.9 |
-30.5 |
-42.9 |
0.0 |
|
Financing Cash Flow Items |
-35.9 |
-128.9 |
-30.5 |
-42.9 |
0.0 |
|
Cash Dividends Paid - Common |
-284.6 |
-353.5 |
-225.4 |
0.0 |
-277.7 |
|
Total Cash Dividends Paid |
-284.6 |
-353.5 |
-225.4 |
0.0 |
-277.7 |
|
Sale/Issuance of Common |
0.0 |
0.0 |
0.1 |
0.1 |
0.6 |
|
Repurchase/Retirement
of Common |
-0.2 |
-0.3 |
-0.5 |
-9.4 |
-2.0 |
|
Common Stock, Net |
-0.2 |
-0.2 |
-0.5 |
-9.2 |
-1.5 |
|
Issuance (Retirement) of Stock, Net |
-0.2 |
-0.2 |
-0.5 |
-9.2 |
-1.5 |
|
Short Term Debt Issued |
231.9 |
- |
- |
- |
- |
|
Short Term Debt, Net |
231.9 |
590.5 |
-59.7 |
-1,576.1 |
1,214.4 |
|
Long Term Debt Issued |
687.0 |
1,751.3 |
1.2 |
997.5 |
1,024.4 |
|
Long Term Debt
Reduction |
-1,094.2 |
-1,770.2 |
-726.4 |
-1,146.8 |
-1,114.8 |
|
Long Term Debt, Net |
-407.2 |
-18.9 |
-725.3 |
-149.3 |
-90.4 |
|
Issuance (Retirement) of Debt, Net |
-175.3 |
571.6 |
-784.9 |
-1,725.4 |
1,124.0 |
|
Cash from Financing Activities |
-496.0 |
89.0 |
-1,041.3 |
-1,777.5 |
844.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
226.6 |
-75.0 |
-138.1 |
21.1 |
-266.6 |
|
Net Change in Cash |
-1,124.5 |
-1,011.7 |
944.7 |
349.7 |
241.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
4,726.8 |
5,978.5 |
4,564.3 |
3,858.5 |
3,327.0 |
|
Net Cash - Ending Balance |
3,602.3 |
4,966.8 |
5,508.9 |
4,208.2 |
3,568.9 |
|
Cash Interest Paid |
77.4 |
81.2 |
90.1 |
94.1 |
112.2 |
|
Cash Taxes Paid |
494.4 |
834.6 |
398.7 |
189.3 |
676.9 |
|
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 |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period
Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
42,993.4 |
46,091.8 |
42,540.2 |
36,079.8 |
36,474.5 |
|
Total Revenue |
42,993.4 |
46,091.8 |
42,540.2 |
36,079.8 |
36,474.5 |
|
|
|
|
|
|
|
|
Impairment Loss On Noncurrent Assets |
52.0 |
47.9 |
- |
- |
- |
|
Cost of Sales |
31,389.0 |
- |
- |
- |
- |
|
Cost of Sales |
- |
33,294.4 |
30,609.3 |
26,953.6 |
26,979.1 |
|
Sell./Gen./Admin. |
7,820.7 |
7,918.9 |
7,536.1 |
6,607.0 |
6,473.2 |
|
Research/Development |
1,898.5 |
1,975.6 |
1,620.1 |
1,322.3 |
1,325.8 |
|
Impairment loss |
- |
- |
46.7 |
182.3 |
305.9 |
|
Total Operating Expense |
41,160.3 |
43,236.7 |
39,812.3 |
35,065.2 |
35,084.0 |
|
|
|
|
|
|
|
|
Interest and dividends income |
93.3 |
- |
- |
- |
- |
|
Int.& Dividend Inc. |
- |
105.5 |
95.2 |
96.0 |
128.9 |
|
Equity In Earnings Of Affiliates |
- |
0.0 |
- |
- |
- |
|
NOP Foreign Exc Loss |
- |
-25.3 |
- |
- |
- |
|
Other income |
305.7 |
- |
- |
- |
- |
|
Other |
-1,192.4 |
- |
- |
- |
- |
|
Other Non-Operating Income |
- |
281.1 |
- |
- |
- |
|
Other-Other NOP Expense |
- |
-249.6 |
- |
- |
- |
|
Other Income |
- |
- |
327.2 |
196.7 |
209.1 |
|
Interest Expenses |
-78.4 |
-86.3 |
-90.4 |
-100.5 |
-109.6 |
|
Equity losses |
-176.2 |
-42.6 |
-236.7 |
-374.4 |
-673.9 |
|
Other Expenses |
- |
- |
-369.8 |
-140.9 |
-507.8 |
|
Net Income Before Taxes |
785.1 |
2,837.8 |
2,453.4 |
691.4 |
437.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-114.6 |
1,340.1 |
899.7 |
337.7 |
279.1 |
|
Net Income After Taxes |
899.7 |
1,497.8 |
1,553.7 |
353.7 |
158.1 |
|
|
|
|
|
|
|
|
Minority interest |
-61.9 |
-78.5 |
-100.5 |
-49.4 |
-37.0 |
|
Net Income Before Extra. Items |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
Net Income |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2,146.9 |
2,146.9 |
2,147.0 |
2,146.1 |
2,146.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Basic EPS Including ExtraOrdinary Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
837.9 |
1,419.2 |
1,453.2 |
304.3 |
121.1 |
|
Diluted Weighted Average Shares |
2,146.9 |
2,146.9 |
2,147.0 |
2,146.1 |
2,146.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
Diluted EPS Including ExtraOrd Items |
0.39 |
0.66 |
0.68 |
0.14 |
0.06 |
|
DPS-Ordinary Shares |
0.13 |
0.15 |
0.14 |
0.04 |
0.06 |
|
Gross Dividends - Common Stock |
284.6 |
326.3 |
300.6 |
92.3 |
128.2 |
|
Normalized Income Before Taxes |
837.1 |
2,885.7 |
2,500.2 |
873.7 |
743.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-96.4 |
1,362.7 |
916.8 |
426.8 |
386.2 |
|
Normalized Income After Taxes |
933.5 |
1,523.0 |
1,583.3 |
446.9 |
357.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
871.7 |
1,444.5 |
1,482.8 |
397.5 |
319.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.41 |
0.67 |
0.69 |
0.19 |
0.15 |
|
Diluted Normalized EPS |
0.41 |
0.67 |
0.69 |
0.19 |
0.15 |
|
Research & Development Exp |
1,898.5 |
1,975.6 |
1,620.1 |
1,322.3 |
1,325.8 |
|
Interest Expenses |
78.4 |
86.3 |
90.4 |
100.5 |
109.6 |
|
Advertising Expenses |
217.3 |
232.7 |
199.0 |
177.1 |
216.2 |
|
BC - Depreciation of Fixed Assets |
1,542.0 |
- |
- |
- |
- |
|
Amort of Tangible Assets-Current Portion |
- |
1,611.5 |
- |
- |
- |
|
Depreciation |
- |
- |
1,228.6 |
1,465.3 |
1,758.7 |
|
Income taxes-current |
283.1 |
534.3 |
- |
- |
- |
|
Current Tax - Total |
283.1 |
534.3 |
- |
- |
- |
|
Income Taxes Deferred |
-397.7 |
805.8 |
- |
- |
- |
|
Deferred Tax - Total |
-397.7 |
805.8 |
- |
- |
- |
|
Income Tax - Total |
-114.6 |
1,340.1 |
- |
- |
- |
|
Reported operating profit |
1,833.1 |
2,855.1 |
2,727.9 |
1,014.6 |
1,390.5 |
|
Service cost |
367.7 |
384.1 |
350.7 |
350.0 |
373.5 |
|
Interest cost |
259.9 |
276.6 |
260.8 |
248.6 |
233.8 |
|
Expected return on plan asset |
-163.4 |
-162.5 |
-140.7 |
-111.6 |
-121.0 |
|
Amort. prior service |
-262.1 |
-215.9 |
-198.3 |
-167.1 |
-154.3 |
|
Amort. actuarial G/L |
328.5 |
353.4 |
409.7 |
454.3 |
311.2 |
|
Employee Contribution |
-13.0 |
-14.0 |
- |
- |
- |
|
Emplyee contribution |
- |
- |
-13.2 |
-12.6 |
-12.1 |
|
Domestic Pension Plan Expense |
517.6 |
621.6 |
669.0 |
761.6 |
631.2 |
|
Total Pension Expense |
517.6 |
621.6 |
669.0 |
761.6 |
631.2 |
|
Discount rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Assumed Wage increase Rate (MAX)-Retirem |
1.70% |
1.70% |
- |
- |
- |
|
Compensation rate |
- |
- |
1.70% |
1.70% |
1.70% |
|
Expected rate of return |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash/Equivalents |
3,176.6 |
4,760.3 |
5,695.8 |
4,185.8 |
3,630.8 |
|
Marketable securities |
8.6 |
36.4 |
121.0 |
102.1 |
134.4 |
|
Notes Receivable - Trade |
598.2 |
- |
- |
- |
- |
|
Notes Receivable |
- |
- |
711.0 |
528.3 |
481.9 |
|
Notes And Accounts Receivable Trade |
- |
11,540.1 |
- |
- |
- |
|
Accounts Receivable - Trade |
9,847.2 |
- |
- |
- |
- |
|
Accounts Rcvbl. |
- |
- |
8,933.8 |
8,031.9 |
7,388.4 |
|
Allow.-Doubtful Acct-Note&Account Rcvbl |
-88.1 |
- |
- |
- |
- |
|
Doubtful Accnts. |
- |
- |
-101.0 |
-97.5 |
-104.9 |
|
Work in process |
2,886.4 |
3,362.5 |
- |
- |
- |
|
Work in Progress |
- |
- |
3,006.4 |
2,640.0 |
2,776.9 |
|
Accum. Billings |
- |
- |
-195.4 |
-225.5 |
-271.3 |
|
Raw materials |
961.6 |
1,098.1 |
- |
- |
- |
|
Raw Materials |
- |
- |
957.2 |
809.8 |
776.8 |
|
Prepaid expense & Other Cur. Assets |
2,968.8 |
3,341.5 |
3,287.5 |
2,802.4 |
2,727.9 |
|
Finished goods |
2,570.5 |
2,827.1 |
- |
- |
- |
|
Finished Goods |
- |
- |
2,596.5 |
1,850.7 |
2,099.8 |
|
Advanced received |
-139.9 |
-294.0 |
- |
- |
- |
|
Total Current Assets |
22,789.8 |
26,672.0 |
25,012.8 |
20,627.9 |
19,640.7 |
|
|
|
|
|
|
|
|
LT Trade Loan |
26.8 |
12.3 |
25.2 |
16.7 |
96.2 |
|
Invest. Secs. |
2,574.9 |
2,918.8 |
3,127.0 |
3,128.0 |
2,772.9 |
|
Invest. Affils. |
1,926.7 |
2,173.2 |
2,289.9 |
1,855.4 |
1,888.1 |
|
Land |
1,120.7 |
1,241.7 |
1,199.8 |
1,054.0 |
1,009.9 |
|
Buildings |
7,008.4 |
7,580.2 |
7,379.0 |
6,464.2 |
5,979.4 |
|
Machinery/Equip. |
17,405.8 |
18,707.7 |
17,806.7 |
15,637.9 |
14,606.5 |
|
Const. in Progr. |
540.1 |
502.1 |
324.1 |
240.5 |
222.5 |
|
Accumulated Depreciation |
-19,666.1 |
-21,272.6 |
- |
- |
- |
|
Depreciation |
- |
- |
-20,345.6 |
-17,857.9 |
-16,205.0 |
|
Investments and other assets |
2,519.7 |
2,632.8 |
- |
- |
- |
|
Other Assets |
- |
- |
3,391.9 |
3,241.4 |
3,745.2 |
|
Total Assets |
36,246.8 |
41,168.1 |
40,210.9 |
34,408.1 |
33,756.4 |
|
|
|
|
|
|
|
|
Short-term loans payable |
1,401.2 |
1,355.5 |
783.1 |
760.1 |
2,090.9 |
|
Cur.Port.LT Debt |
1,095.6 |
1,078.2 |
1,663.3 |
620.5 |
1,056.7 |
|
Acc.& Note Payab |
6,937.3 |
8,499.8 |
8,419.3 |
6,781.6 |
6,197.5 |
|
Accrued Expenses |
3,569.6 |
4,257.3 |
4,440.1 |
3,817.5 |
3,489.4 |
|
Accrued Taxes |
126.7 |
192.6 |
572.1 |
248.1 |
248.0 |
|
Other |
2,023.1 |
2,016.5 |
1,863.2 |
1,330.9 |
1,223.6 |
|
Total Current Liabilities |
15,153.4 |
17,399.9 |
17,741.2 |
13,558.5 |
14,306.1 |
|
|
|
|
|
|
|
|
LT Debt/ Bond |
3,248.6 |
4,148.7 |
3,397.6 |
4,371.8 |
3,715.5 |
|
Total Long Term Debt |
3,248.6 |
4,148.7 |
3,397.6 |
4,371.8 |
3,715.5 |
|
|
|
|
|
|
|
|
Retire. Benefits |
2,710.0 |
4,516.4 |
5,055.6 |
4,909.7 |
6,028.9 |
|
Other |
606.1 |
646.5 |
- |
- |
- |
|
Other |
- |
- |
635.5 |
639.2 |
574.2 |
|
Equity Minority Interests |
711.3 |
710.7 |
- |
- |
- |
|
Minority Intrst. |
- |
- |
708.1 |
605.8 |
531.2 |
|
Total Liabilities |
22,429.3 |
27,422.2 |
27,537.9 |
24,085.1 |
25,155.9 |
|
|
|
|
|
|
|
|
Capital Stock |
1,868.7 |
- |
- |
- |
- |
|
Common Stock |
- |
2,134.1 |
2,121.4 |
1,881.6 |
1,780.1 |
|
Capital Surplus |
2,188.8 |
2,504.6 |
2,517.7 |
2,247.5 |
2,135.1 |
|
Other retained earnings |
10,103.5 |
10,986.0 |
- |
- |
- |
|
Retained Earnings |
652.6 |
740.9 |
- |
- |
- |
|
Legal Reserve |
- |
- |
714.6 |
623.7 |
579.4 |
|
Other retained earnings |
- |
- |
9,927.0 |
7,689.2 |
6,998.7 |
|
Treasury Stock |
-2.5 |
-2.7 |
- |
- |
- |
|
Treasury Stock |
- |
- |
-2.4 |
-16.0 |
-6.5 |
|
Foreign currency translation adjustment |
-85.3 |
-821.2 |
- |
- |
- |
|
Translation Adjustment |
- |
- |
-716.7 |
-444.4 |
-480.9 |
|
Pension Obligation Adjustments |
-1,195.9 |
-1,944.0 |
- |
- |
- |
|
Minimum Pension Liability |
- |
- |
-1,959.3 |
-1,837.3 |
-2,362.8 |
|
G/L on val. of unrealized securities |
287.4 |
148.6 |
- |
- |
- |
|
G/L on val. of unrealized derivatives |
0.1 |
-0.4 |
- |
- |
- |
|
G/L on val.of unrealized securities |
- |
- |
71.9 |
177.7 |
-41.5 |
|
G/L on val.of unrealized derivatives |
- |
- |
-1.0 |
1.0 |
-1.0 |
|
Total Equity |
13,817.5 |
13,745.9 |
12,673.0 |
10,323.0 |
8,600.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
36,246.8 |
41,168.1 |
40,210.9 |
34,408.1 |
33,756.4 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
2,146.9 |
2,146.9 |
2,146.9 |
2,145.2 |
2,146.4 |
|
Total Common Shares Outstanding |
2,146.9 |
2,146.9 |
2,146.9 |
2,145.2 |
2,146.4 |
|
T/S-Ordinary Shares |
0.3 |
0.3 |
0.3 |
2.0 |
0.8 |
|
Number Of Employees |
120,958 |
- |
- |
- |
- |
|
Total Number of Employee |
- |
117,314 |
- |
- |
- |
|
Full-Time Employees |
- |
- |
114,443 |
109,565 |
106,931 |
|
Total Number of Shareholders |
110,401 |
114,762 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
112,666 |
120,128 |
130,341 |
|
LT Debt Maturing within 1Yr |
1,095.6 |
1,078.2 |
1,663.3 |
620.5 |
1,056.7 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
1,068.0 |
1,240.4 |
- |
- |
- |
|
LT Debt Maturing within 2Yr |
- |
- |
1,065.4 |
1,461.2 |
581.6 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
939.8 |
996.8 |
- |
- |
- |
|
LT Debt Maturing within 3Yr |
- |
- |
1,183.2 |
895.7 |
1,349.0 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
498.6 |
677.1 |
- |
- |
- |
|
LT Debt Maturing within 4Yr |
- |
- |
411.3 |
1,020.8 |
808.3 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
222.1 |
543.9 |
- |
- |
- |
|
LT Debt Maturing within 5Yr |
- |
- |
90.1 |
347.0 |
552.8 |
|
Loans Payable Remaining |
520.1 |
690.4 |
- |
- |
- |
|
LT Debt Maturing thereafter |
- |
- |
647.6 |
647.2 |
423.9 |
|
Total Long Term Debt, Supplemental |
4,344.2 |
5,226.9 |
5,060.9 |
4,992.3 |
4,772.1 |
|
Capital Lease Maturing within a Year |
112.6 |
134.1 |
- |
- |
- |
|
Capital Lease Due within 1Yr |
- |
- |
139.3 |
125.5 |
142.2 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
90.1 |
115.4 |
- |
- |
- |
|
Capital Lease Due within 2Yr |
- |
- |
119.4 |
101.6 |
110.3 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
59.8 |
65.3 |
- |
- |
- |
|
Capital Lease Due within 3Yr |
- |
- |
67.3 |
59.8 |
65.8 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
31.0 |
36.5 |
- |
- |
- |
|
Capital Lease Due within 4Yr |
- |
- |
28.8 |
27.9 |
35.4 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
9.5 |
9.9 |
- |
- |
- |
|
Capital Lease Due within 5Yr |
- |
- |
11.8 |
7.7 |
15.5 |
|
Capital Lease Remaining |
0.7 |
0.9 |
- |
- |
- |
|
Capital Lease Due thereafter |
- |
- |
2.0 |
4.2 |
5.8 |
|
Total Capital Leases, Supplemental |
303.6 |
362.1 |
368.7 |
326.7 |
374.9 |
|
Operating Lease Maturing within a Year |
47.3 |
- |
- |
- |
- |
|
Operating Lease Due within 1Yr |
- |
54.7 |
55.3 |
48.9 |
45.1 |
|
Oper Lease Maturg over a Yr within 2 Yrs |
36.2 |
- |
- |
- |
- |
|
Operating Lease Due within 2Yr |
- |
39.2 |
40.4 |
33.4 |
35.8 |
|
Oper Lease Maturg over 2 Yr within 3 Yrs |
23.7 |
- |
- |
- |
- |
|
Operating Lease Due within 3 Yr |
- |
28.6 |
26.2 |
21.4 |
23.8 |
|
Oper Lease Maturg over 3 Yr within 4 Yrs |
13.9 |
- |
- |
- |
- |
|
Operating Lease Due within 4Yr |
- |
16.6 |
14.9 |
10.5 |
12.8 |
|
Oper Lease Maturg over 4 Yr within 5 Yrs |
8.5 |
- |
- |
- |
- |
|
Operating Lease Due within 5Yr |
- |
9.9 |
9.1 |
4.7 |
4.8 |
|
Operating Lease Remaining |
6.8 |
- |
- |
- |
- |
|
Operating Lease Due thereafter |
- |
8.2 |
12.0 |
2.7 |
2.6 |
|
Total Operating Leases, Supplemental |
136.5 |
157.2 |
157.9 |
121.7 |
125.0 |
|
Pension obligation |
11,034.0 |
12,781.0 |
12,935.4 |
11,725.7 |
11,504.3 |
|
Plan Assets at Fair Value |
8,339.9 |
8,293.4 |
- |
- |
- |
|
Fair value of plan assset |
- |
- |
7,910.1 |
6,824.9 |
5,492.6 |
|
Unfunded Retirement Benefit Obligation |
-2,694.1 |
-4,487.6 |
- |
- |
- |
|
Funded status |
- |
- |
-5,025.3 |
-4,900.8 |
-6,011.6 |
|
Total Funded Status |
-2,694.1 |
-4,487.6 |
-5,025.3 |
-4,900.8 |
-6,011.6 |
|
Discount Rate(MIN)-Retirement Benefit Ob |
2.00% |
2.00% |
- |
- |
- |
|
Discount rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Assumed Wage increase Rate (MAX)-Retirem |
1.70% |
1.70% |
- |
- |
- |
|
Compensation rate |
- |
- |
1.70% |
1.70% |
1.70% |
|
Unrecognized Actuarial Gain and Loss |
-3,189.5 |
- |
- |
- |
- |
|
Unrecognized Prior Service Cost |
823.8 |
1,216.5 |
- |
- |
- |
|
Unrecog. actuarial G/L |
- |
-4,802.3 |
-5,004.7 |
-4,571.0 |
-5,498.6 |
|
Unrecog. prior service cost |
- |
- |
1,414.9 |
1,430.7 |
1,409.1 |
|
Net Assets Recognized on Balance Sheet |
-2,365.6 |
-3,585.8 |
-3,589.9 |
-3,140.3 |
-4,089.6 |
|
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 |
Reclassified
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
899.7 |
1,497.8 |
1,553.7 |
353.7 |
158.1 |
|
Depreciation |
1,542.0 |
1,611.5 |
1,228.6 |
1,288.6 |
1,473.0 |
|
Adjustment Of Allocation Of Income Tax |
-397.7 |
805.8 |
- |
- |
- |
|
Impairment Loss |
48.4 |
42.6 |
41.3 |
176.7 |
285.7 |
|
Gain/Loss Sale/Retire Fixed Assets |
-3.6 |
10.6 |
-5.4 |
-11.4 |
18.2 |
|
Deferred Taxes |
- |
- |
265.9 |
80.0 |
200.4 |
|
Gain/Loss Sale Mark. Secs. |
-29.9 |
-21.3 |
-15.2 |
-10.2 |
-6.0 |
|
Loss Value Mark. Secs. |
58.2 |
88.2 |
46.4 |
33.3 |
184.7 |
|
Equity Gain |
176.2 |
42.6 |
236.7 |
374.4 |
673.9 |
|
Notes & Trade Receivables |
-0.6 |
-2,103.5 |
-170.3 |
-174.0 |
1,082.0 |
|
Inventories |
201.3 |
-705.9 |
-764.5 |
606.4 |
-375.4 |
|
Other Assets |
-256.0 |
-222.3 |
29.1 |
118.1 |
-87.6 |
|
Notes & Trade Payables |
-753.9 |
115.4 |
772.3 |
488.2 |
-1,333.1 |
|
Accrued Expenses |
-767.0 |
-773.9 |
-338.6 |
-140.4 |
-429.8 |
|
Other Liabilities |
202.3 |
-92.6 |
509.4 |
76.1 |
-388.9 |
|
Other, Net |
77.8 |
657.1 |
434.1 |
293.7 |
347.5 |
|
Cash from Operating Activities |
997.4 |
952.1 |
3,823.5 |
3,553.2 |
1,802.7 |
|
|
|
|
|
|
|
|
Decrease Increase In Loans Receivable |
-173.5 |
- |
- |
- |
- |
|
Capital Expenditures |
-1,813.0 |
-2,018.0 |
-1,256.1 |
-1,173.5 |
-1,407.5 |
|
Sale of PPE |
57.8 |
64.4 |
52.6 |
68.3 |
43.2 |
|
Purchase of marketable sec. |
-157.1 |
-149.0 |
-602.6 |
-496.1 |
-863.3 |
|
Sale/Redemption of marketable sec. |
350.6 |
202.1 |
220.5 |
216.8 |
136.3 |
|
Loan,net |
- |
- |
- |
- |
1.5 |
|
Other, Net |
-117.2 |
-77.4 |
-113.8 |
-62.5 |
-49.1 |
|
Cash from Investing Activities |
-1,852.5 |
-1,977.9 |
-1,699.5 |
-1,447.1 |
-2,139.0 |
|
|
|
|
|
|
|
|
Increase In Short Term Loans Payable |
231.9 |
- |
- |
- |
- |
|
Proceeds LT Debt&bond |
687.0 |
1,751.3 |
1.2 |
997.5 |
1,024.4 |
|
Repay LT Debt&bond |
-1,094.2 |
-1,770.2 |
-726.4 |
-1,146.8 |
-1,114.8 |
|
ST Debts, Net |
- |
590.5 |
-59.7 |
-1,576.1 |
1,214.4 |
|
Dividends Paid |
-284.6 |
-353.5 |
-225.4 |
0.0 |
-277.7 |
|
Purch. of Treasury Stock |
-0.2 |
-0.3 |
-0.5 |
-9.4 |
-2.0 |
|
Disp Treasury |
0.0 |
0.0 |
0.1 |
0.1 |
0.6 |
|
Other |
-35.9 |
-128.9 |
-30.5 |
-42.9 |
0.0 |
|
Cash from Financing Activities |
-496.0 |
89.0 |
-1,041.3 |
-1,777.5 |
844.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
226.6 |
-75.0 |
-138.1 |
21.1 |
-266.6 |
|
Net Change in Cash |
-1,124.5 |
-1,011.7 |
944.7 |
349.7 |
241.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
4,726.8 |
5,978.5 |
4,564.3 |
3,858.5 |
3,327.0 |
|
Net Cash - Ending Balance |
3,602.3 |
4,966.8 |
5,508.9 |
4,208.2 |
3,568.9 |
|
Cash Interest Paid |
77.4 |
81.2 |
90.1 |
94.1 |
112.2 |
|
Cash Taxes Paid |
494.4 |
834.6 |
398.7 |
189.3 |
676.9 |
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.84.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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%)