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Report Date : |
26.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ULVAC, INC. |
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Registered Office : |
2500, Hagisono Chigasaki-Shi, 253-8543 |
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Country : |
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Financials (as on) : |
30.06.2013 |
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Date of Incorporation : |
23.08.1952 |
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Legal Form : |
Public Parent |
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Line of Business : |
Subject is engaged in the vacuum machinery business |
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No. of Employees : |
6,579 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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ULVAC, Inc. |
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ULVAC, Inc. is primarily engaged in the vacuum machinery business. The Vacuum Machinery segment provides flat panel display (FDP) manufacturing equipment, photovoltaic (PV) product manufacturing equipment, semiconductor and electronic part manufacturing equipment, as well as components and general industrial machinery, including sputtering systems, chemical vapor deposition (CVD) systems, etching systems, vacuum evaporation systems and vacuum bonding systems, among others. The Vacuum Application segment offers sputtering target materials, vacuum evaporation materials, titanium and tantalum processing products, surface treatment services, Auger electron spectroscopy analyzers, X-ray photoelectron analyzers, secondary ion mass spectroscopy analyzers, various industrial machinery control devices, high voltage inverters, power source converters and uninterruptible power source devices. For the fiscal year ended 30 June 2013, ULVAC, Inc. revenues decreased 17% to Y163.35B. Net loss applicable to common stockholders decreased 91% to Y4.33B. Revenues reflect Vacuum Equipment Business segment decrease of 20% to Y127.28B, Vacuum Applied Business segment decrease of 2% to Y36.07B. Lower net loss reflects Vacuum Equipment Business segment income totaling Y5.41B vs. loss of Y7.36B. |
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Industry |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2829 - Manufacture of other general-purpose machinery n.e.c. |
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NAICS 2012: |
333999 - All Other Miscellaneous General Purpose Machinery Manufacturing |
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UK SIC 2007: |
2829 - Manufacture of other general-purpose machinery n.e.c. |
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US SIC 1987: |
3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified |
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Key IDSM Number: 46164515
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 87.56526
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 98.23997
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Chigasaki-Shi |
Japan |
Machinery and Equipment Manufacturing |
1,865.5 |
6,579 |
|
|
Subsidiary |
Aomori |
Japan |
Medical Equipment and Supplies |
|
600 |
|
|
Subsidiary |
Pyeongtaek-si, Gyeonggi-Do |
Korea, Republic of |
Machinery and Equipment Manufacturing |
349.4 |
475 |
|
|
Subsidiary |
Fukuoka |
Japan |
Machinery and Equipment Manufacturing |
|
393 |
|
|
Subsidiary |
Saito, Miyazaki |
Japan |
Machinery and Equipment Manufacturing |
|
286 |
|
|
Division |
Yokohama, Kanagawa |
Japan |
Machinery and Equipment Manufacturing |
|
200 |
|
|
Subsidiary |
Chichibu, Saitama |
Japan |
Non-Metallic Mineral Product Manufacturing |
|
156 |
|
|
Subsidiary |
T'ainan |
Taiwan |
Semiconductor and Other Electronic Component Manufacturing |
|
100 |
|
|
Subsidiary |
Chigasaki, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
120 |
|
|
Division |
Chanhassen, MN |
United States |
Electromedical and Control Instruments Manufacturing |
7.2 |
80 |
|
|
Division |
Ismaning, Bayern |
Germany |
Electromedical and Control Instruments Manufacturing |
|
30 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
100 |
|
|
Subsidiary |
Chigasaki, Kanagawa |
Japan |
Machinery and Equipment Manufacturing |
|
80 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Semiconductor and Other Electronic Component Manufacturing |
|
70 |
|
|
Subsidiary |
Chigasaki, Kanagawa |
Japan |
Metal Products Manufacturing |
|
70 |
|
|
Facility |
Chiba |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Methuen, MA |
United States |
Semiconductor and Other Electronic Component Manufacturing |
10.2 |
50 |
|
|
Subsidiary |
Hsin-chu |
Taiwan |
Electronics Wholesale |
|
50 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Professional Services |
|
35 |
|
|
Subsidiary |
Singapore |
Singapore |
Industrial Machinery Repair and Maintenance |
|
30 |
|
|
Subsidiary |
Tokyo |
Japan |
Consulting Services |
|
26 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Machinery and Equipment Manufacturing |
|
22 |
|
|
Subsidiary |
Garching B. München, Bayern |
Germany |
Machinery and Equipment Manufacturing |
|
20 |
|
|
Subsidiary |
Kirishima, Kagoshima |
Japan |
Machinery and Equipment Manufacturing |
355.8 |
|
|
|
Subsidiary |
Shah Alam, Selangor |
Malaysia |
Electronics Wholesale |
7.0 |
|
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Subsidiary |
Yokohama, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Machinery Wholesale |
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Electronics Wholesale |
|
|
|
|
Facility |
Kirishima, Kagoshima |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Chichibu, Saitama |
Japan |
Metal Products Manufacturing |
|
|
|
|
Facility |
Chigasaki, Kanagawa |
Japan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
Subsidiary |
Nagoya |
Japan |
Machinery Wholesale |
|
|
|
|
Subsidiary |
Pyeongtaek, Gyeonggi-Do |
Korea, Republic of |
Machinery Wholesale |
|
|
|
|
Subsidiary |
Pyeongtaek, Geyonggi-Do |
Korea, Republic of |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
T'ainan |
Taiwan |
Electrical Equipment and Appliances Manufacturing |
|
|
|
|
Facility |
Susono, Shizuoka |
Japan |
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Chigasaki, Kanagawa |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Suzhou |
China |
Machinery Wholesale |
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Subsidiary |
Taipei |
Taiwan |
Computer Programming |
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Subsidiary |
Shanghai |
China |
Investment Services |
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Subsidiary |
Shenyang |
China |
Motor Vehicle Parts Manufacturing |
|
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|
Subsidiary |
Taipei |
Taiwan |
Electromedical and Control Instruments Manufacturing |
|
|
|
|
Subsidiary |
Chigasaki, Kanagawa |
Japan |
Industrial Machinery Repair and Maintenance |
|
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Subsidiary |
P'aju, Kyonggi-Do |
Korea, Republic of |
Miscellaneous Professional Services |
|
|
|
|
Facility |
Tomisato, Chiba |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Subsidiary |
Suzhou, Jiangsu |
China |
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Shanghai |
China |
Industrial Machinery Repair and Maintenance |
|
|
|
|
Subsidiary |
Hsin-chu |
Taiwan |
Research and Development Services |
|
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30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
87.565262 |
78.601914 |
83.072254 |
91.59515 |
98.728525 |
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Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
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Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
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Net Sales |
1,865.5 |
2,503.8 |
2,793.2 |
2,421.6 |
2,267.1 |
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Revenue |
1,865.5 |
2,503.8 |
2,793.2 |
2,421.6 |
2,267.1 |
|
Total Revenue |
1,865.5 |
2,503.8 |
2,793.2 |
2,421.6 |
2,267.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,443.4 |
2,143.1 |
2,252.1 |
1,978.1 |
1,872.1 |
|
Cost of Revenue, Total |
1,443.4 |
2,143.1 |
2,252.1 |
1,978.1 |
1,872.1 |
|
Gross Profit |
422.1 |
360.7 |
541.1 |
443.4 |
395.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
201.1 |
245.2 |
318.6 |
219.5 |
211.4 |
|
Labor & Related Expense |
93.1 |
114.8 |
118.8 |
101.2 |
90.4 |
|
Total Selling/General/Administrative Expenses |
294.2 |
359.9 |
437.3 |
320.6 |
301.8 |
|
Research & Development |
44.4 |
66.7 |
68.7 |
56.4 |
50.7 |
|
Depreciation |
13.7 |
15.3 |
12.8 |
13.9 |
14.3 |
|
Depreciation/Amortization |
13.7 |
15.3 |
12.8 |
13.9 |
14.3 |
|
Restructuring Charge |
69.5 |
314.7 |
- |
- |
0.0 |
|
Impairment-Assets Held for Use |
0.0 |
10.5 |
72.2 |
18.2 |
11.1 |
|
Impairment-Assets Held for Sale |
- |
- |
- |
0.0 |
3.8 |
|
Other Unusual Expense (Income) |
9.6 |
22.1 |
55.8 |
-14.0 |
3.7 |
|
Unusual Expense (Income) |
79.2 |
347.3 |
128.0 |
4.2 |
18.7 |
|
Total Operating Expense |
1,874.8 |
2,932.3 |
2,899.0 |
2,373.3 |
2,257.5 |
|
|
|
|
|
|
|
|
Operating Income |
-9.4 |
-428.5 |
-105.7 |
48.3 |
9.6 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-17.8 |
-20.9 |
-18.7 |
-17.8 |
-14.0 |
|
Interest Expense, Net Non-Operating |
-17.8 |
-20.9 |
-18.7 |
-17.8 |
-14.0 |
|
Interest Income - Non-Operating |
1.9 |
2.6 |
1.6 |
1.1 |
1.5 |
|
Investment Income - Non-Operating |
16.2 |
1.1 |
6.1 |
4.3 |
-20.3 |
|
Interest/Investment Income - Non-Operating |
18.1 |
3.8 |
7.7 |
5.4 |
-18.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.3 |
-17.1 |
-11.0 |
-12.3 |
-32.9 |
|
Gain (Loss) on Sale of Assets |
1.2 |
- |
- |
0.0 |
0.2 |
|
Other Non-Operating Income (Expense) |
1.4 |
16.8 |
6.1 |
13.8 |
6.8 |
|
Other, Net |
1.4 |
16.8 |
6.1 |
13.8 |
6.8 |
|
Income Before Tax |
-6.5 |
-428.8 |
-110.7 |
49.8 |
-16.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
29.1 |
198.1 |
-5.5 |
33.8 |
-12.9 |
|
Income After Tax |
-35.6 |
-626.9 |
-105.1 |
16.0 |
-3.3 |
|
|
|
|
|
|
|
|
Minority Interest |
-7.9 |
-9.1 |
0.3 |
7.4 |
11.6 |
|
Net Income Before Extraord Items |
-43.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
Net Income |
-43.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-6.0 |
- |
- |
- |
- |
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
- |
- |
0.0 |
|
Total Adjustments to Net Income |
-6.0 |
0.0 |
- |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
|
|
|
|
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Income Available to Common Incl Extraord Items |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
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|
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|
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|
Basic/Primary Weighted Average Shares |
49.3 |
49.3 |
49.3 |
45.9 |
42.9 |
|
Basic EPS Excl Extraord Items |
-1.00 |
-12.89 |
-2.12 |
0.51 |
0.19 |
|
Basic/Primary EPS Incl Extraord Items |
-1.00 |
-12.89 |
-2.12 |
0.51 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
Diluted Weighted Average Shares |
49.3 |
49.3 |
49.3 |
50.1 |
46.5 |
|
Diluted EPS Excl Extraord Items |
-1.00 |
-12.89 |
-2.12 |
0.47 |
0.18 |
|
Diluted EPS Incl Extraord Items |
-1.00 |
-12.89 |
-2.12 |
0.47 |
0.18 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.23 |
0.21 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
11.3 |
9.1 |
|
Interest Expense, Supplemental |
17.8 |
20.9 |
18.7 |
17.8 |
14.0 |
|
Depreciation, Supplemental |
91.0 |
115.7 |
129.0 |
130.5 |
124.8 |
|
Total Special Items |
78.0 |
347.3 |
128.0 |
4.2 |
18.4 |
|
Normalized Income Before Tax |
71.5 |
-81.5 |
17.3 |
54.0 |
2.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
27.3 |
121.6 |
44.8 |
1.5 |
6.4 |
|
Inc Tax Ex Impact of Sp Items |
56.4 |
319.6 |
39.3 |
35.3 |
-6.4 |
|
Normalized Income After Tax |
15.1 |
-401.1 |
-21.9 |
18.7 |
8.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.2 |
-410.2 |
-21.6 |
26.1 |
20.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.02 |
-8.31 |
-0.44 |
0.57 |
0.47 |
|
Diluted Normalized EPS |
0.02 |
-8.31 |
-0.44 |
0.52 |
0.43 |
|
Research & Development Exp, Supplemental |
57.0 |
90.2 |
99.4 |
87.4 |
84.5 |
|
Reported Operating Profit |
69.8 |
-81.2 |
22.3 |
52.5 |
35.3 |
|
Reported Ordinary Profit |
71.5 |
-82.7 |
17.3 |
54.0 |
8.5 |
|
Normalized EBIT |
69.8 |
-81.2 |
22.3 |
52.5 |
28.3 |
|
Normalized EBITDA |
160.8 |
34.5 |
151.3 |
183.0 |
153.1 |
|
Current Tax - Total |
26.8 |
30.6 |
- |
- |
- |
|
Current Tax - Total |
26.8 |
30.6 |
- |
- |
- |
|
Deferred Tax - Total |
2.3 |
167.5 |
- |
- |
- |
|
Deferred Tax - Total |
2.3 |
167.5 |
- |
- |
- |
|
Income Tax - Total |
29.1 |
198.1 |
- |
- |
- |
|
Interest Cost - Domestic |
3.7 |
5.3 |
4.9 |
4.2 |
3.8 |
|
Service Cost - Domestic |
19.5 |
23.2 |
24.4 |
20.7 |
21.5 |
|
Prior Service Cost - Domestic |
-0.3 |
-0.4 |
-0.3 |
-0.3 |
0.8 |
|
Expected Return on Assets - Domestic |
-1.0 |
-1.6 |
-1.4 |
-1.7 |
-1.9 |
|
Actuarial Gains and Losses - Domestic |
1.0 |
2.6 |
2.9 |
2.8 |
2.8 |
|
Transition Costs - Domestic |
- |
- |
- |
3.5 |
3.4 |
|
Other Pension, Net - Domestic |
0.0 |
-4.0 |
2.7 |
- |
- |
|
Domestic Pension Plan Expense |
22.9 |
25.2 |
33.2 |
29.2 |
30.4 |
|
Total Pension Expense |
22.9 |
25.2 |
33.2 |
29.2 |
30.4 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
|
Total Plan Interest Cost |
3.7 |
5.3 |
4.9 |
4.2 |
3.8 |
|
Total Plan Service Cost |
19.5 |
23.2 |
24.4 |
20.7 |
21.5 |
|
Total Plan Expected Return |
-1.0 |
-1.6 |
-1.4 |
-1.7 |
-1.9 |
|
Total Plan Other Expense |
0.0 |
-4.0 |
2.7 |
- |
- |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
98.239969 |
79.390941 |
80.76 |
88.49 |
96.485 |
|
Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
454.0 |
357.7 |
449.0 |
354.0 |
238.2 |
|
Cash and Short Term Investments |
454.0 |
357.7 |
449.0 |
354.0 |
238.2 |
|
Accounts Receivable - Trade, Gross |
605.9 |
816.3 |
996.6 |
1,000.4 |
802.5 |
|
Provision for Doubtful Accounts |
-5.7 |
-8.0 |
-10.6 |
-2.4 |
-3.3 |
|
Trade Accounts Receivable - Net |
600.2 |
808.3 |
986.1 |
998.1 |
799.2 |
|
Total Receivables, Net |
600.2 |
808.3 |
986.1 |
998.1 |
799.2 |
|
Inventories - Finished Goods |
48.2 |
59.2 |
68.9 |
70.9 |
54.3 |
|
Inventories - Work In Progress |
290.6 |
492.7 |
632.9 |
555.2 |
731.1 |
|
Inventories - Raw Materials |
108.3 |
168.9 |
181.0 |
138.7 |
108.2 |
|
Total Inventory |
447.1 |
720.9 |
882.7 |
764.8 |
893.6 |
|
Deferred Income Tax - Current Asset |
15.0 |
17.1 |
84.4 |
65.8 |
61.8 |
|
Other Current Assets |
46.9 |
76.6 |
86.5 |
68.3 |
72.8 |
|
Other Current Assets, Total |
61.9 |
93.7 |
170.9 |
134.1 |
134.6 |
|
Total Current Assets |
1,563.2 |
1,980.5 |
2,488.7 |
2,250.9 |
2,065.7 |
|
|
|
|
|
|
|
|
Buildings |
820.5 |
963.2 |
953.5 |
840.9 |
761.5 |
|
Land/Improvements |
96.8 |
120.8 |
124.0 |
117.1 |
108.4 |
|
Machinery/Equipment |
791.5 |
906.1 |
1,035.6 |
935.5 |
849.1 |
|
Construction in Progress |
26.1 |
81.5 |
110.7 |
89.3 |
89.8 |
|
Other Property/Plant/Equipment |
17.5 |
36.3 |
38.7 |
34.8 |
25.0 |
|
Property/Plant/Equipment - Gross |
1,752.4 |
2,107.9 |
2,262.6 |
2,017.6 |
1,833.7 |
|
Accumulated Depreciation |
-1,021.4 |
-1,176.3 |
-1,184.1 |
-1,005.2 |
-833.1 |
|
Property/Plant/Equipment - Net |
730.9 |
931.6 |
1,078.5 |
1,012.4 |
1,000.6 |
|
Goodwill, Net |
0.9 |
1.7 |
2.2 |
5.4 |
0.8 |
|
Intangibles, Net |
53.8 |
70.4 |
65.7 |
43.9 |
38.9 |
|
LT Investment - Affiliate Companies |
33.9 |
47.5 |
47.1 |
67.8 |
- |
|
LT Investments - Other |
19.3 |
18.9 |
25.0 |
17.1 |
53.9 |
|
Long Term Investments |
53.2 |
66.3 |
72.0 |
84.9 |
53.9 |
|
Deferred Income Tax - Long Term Asset |
22.4 |
27.2 |
108.5 |
75.0 |
75.8 |
|
Other Long Term Assets |
51.9 |
66.8 |
67.7 |
73.4 |
61.0 |
|
Other Long Term Assets, Total |
74.4 |
94.0 |
176.2 |
148.4 |
136.8 |
|
Total Assets |
2,476.5 |
3,144.6 |
3,883.3 |
3,546.0 |
3,296.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
291.6 |
386.6 |
712.7 |
661.3 |
401.8 |
|
Accrued Expenses |
13.1 |
17.7 |
21.3 |
18.9 |
15.9 |
|
Notes Payable/Short Term Debt |
704.9 |
1,167.4 |
763.1 |
345.6 |
669.5 |
|
Current Portion - Long Term Debt/Capital Leases |
144.1 |
11.4 |
220.7 |
220.1 |
196.8 |
|
Customer Advances |
141.2 |
130.2 |
190.6 |
137.9 |
121.4 |
|
Income Taxes Payable |
7.9 |
9.8 |
21.1 |
12.8 |
7.7 |
|
Deferred Income Tax - Current Liability |
1.7 |
6.1 |
0.1 |
0.0 |
0.0 |
|
Other Current Liabilities |
161.9 |
343.0 |
237.9 |
181.0 |
159.6 |
|
Other Current liabilities, Total |
312.7 |
489.2 |
449.6 |
331.6 |
288.8 |
|
Total Current Liabilities |
1,466.4 |
2,072.3 |
2,167.4 |
1,577.5 |
1,572.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
238.0 |
346.8 |
337.7 |
583.8 |
560.2 |
|
Capital Lease Obligations |
7.7 |
12.1 |
34.8 |
43.3 |
56.7 |
|
Total Long Term Debt |
245.7 |
358.9 |
372.4 |
627.1 |
616.9 |
|
Total Debt |
1,094.7 |
1,537.7 |
1,356.3 |
1,192.8 |
1,483.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
14.6 |
8.7 |
0.3 |
0.0 |
0.0 |
|
Deferred Income Tax |
14.6 |
8.7 |
0.3 |
0.0 |
0.0 |
|
Minority Interest |
41.9 |
52.0 |
47.3 |
47.5 |
62.6 |
|
Reserves |
3.4 |
4.3 |
3.6 |
0.0 |
0.0 |
|
Pension Benefits - Underfunded |
130.7 |
165.9 |
184.0 |
168.4 |
152.6 |
|
Other Long Term Liabilities |
10.6 |
15.8 |
16.0 |
14.6 |
19.9 |
|
Other Liabilities, Total |
144.8 |
186.0 |
203.7 |
183.0 |
172.5 |
|
Total Liabilities |
1,913.4 |
2,677.8 |
2,791.1 |
2,435.1 |
2,424.8 |
|
|
|
|
|
|
|
|
Redeemable Convertible Preferred Stock |
152.7 |
- |
- |
- |
- |
|
Redeemable Preferred Stock |
152.7 |
- |
- |
- |
- |
|
Common Stock |
136.1 |
262.9 |
258.5 |
235.9 |
139.6 |
|
Common Stock |
136.1 |
262.9 |
258.5 |
235.9 |
139.6 |
|
Additional Paid-In Capital |
301.3 |
278.4 |
273.7 |
249.7 |
152.3 |
|
Retained Earnings (Accumulated Deficit) |
-30.2 |
10.6 |
629.4 |
686.7 |
620.1 |
|
Treasury Stock - Common |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Unrealized Gain (Loss) |
3.4 |
-0.6 |
-0.2 |
-0.3 |
1.5 |
|
Translation Adjustment |
-0.1 |
-84.4 |
-69.0 |
-61.1 |
-41.5 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
-0.1 |
-84.4 |
-69.0 |
-61.1 |
-41.5 |
|
Total Equity |
563.1 |
466.8 |
1,092.2 |
1,110.8 |
871.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,476.5 |
3,144.6 |
3,883.3 |
3,546.0 |
3,296.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
49.3 |
49.3 |
49.3 |
49.3 |
42.9 |
|
Total Common Shares Outstanding |
49.3 |
49.3 |
49.3 |
49.3 |
42.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shares Outstanding - Preferred Stock Primary Issue |
0.0 |
- |
- |
- |
- |
|
Total Preferred Stock Outstanding |
0.0 |
- |
- |
- |
- |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
- |
- |
- |
- |
|
Employees |
6,579 |
6,981 |
7,878 |
7,169 |
6,871 |
|
Number of Common Shareholders |
22,291 |
27,167 |
24,859 |
29,114 |
23,526 |
|
Deferred Revenue - Current |
141.2 |
130.2 |
190.6 |
137.9 |
121.4 |
|
Total Long Term Debt, Supplemental |
375.6 |
559.7 |
538.3 |
786.7 |
741.5 |
|
Long Term Debt Maturing within 1 Year |
137.6 |
212.9 |
200.6 |
202.9 |
181.3 |
|
Long Term Debt Maturing in Year 2 |
87.3 |
167.7 |
158.5 |
337.0 |
156.9 |
|
Long Term Debt Maturing in Year 3 |
43.6 |
105.0 |
114.3 |
131.7 |
275.6 |
|
Long Term Debt Maturing in Year 4 |
15.1 |
51.7 |
51.3 |
81.7 |
80.8 |
|
Long Term Debt Maturing in Year 5 |
91.1 |
18.4 |
13.6 |
33.3 |
43.8 |
|
Long Term Debt Maturing in 2-3 Years |
131.0 |
272.7 |
272.8 |
468.7 |
432.5 |
|
Long Term Debt Maturing in 4-5 Years |
106.2 |
70.2 |
64.8 |
115.0 |
124.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.8 |
3.9 |
0.0 |
0.0 |
3.1 |
|
Total Capital Leases, Supplemental |
14.4 |
23.5 |
54.9 |
60.5 |
72.2 |
|
Capital Lease Payments Due in Year 1 |
6.6 |
11.4 |
20.1 |
17.2 |
15.5 |
|
Capital Lease Payments Due in Year 2 |
2.9 |
6.6 |
20.1 |
16.4 |
16.2 |
|
Capital Lease Payments Due in Year 3 |
2.6 |
2.2 |
11.8 |
16.6 |
16.4 |
|
Capital Lease Payments Due in Year 4 |
1.3 |
2.0 |
1.5 |
9.5 |
15.1 |
|
Capital Lease Payments Due in Year 5 |
0.5 |
0.7 |
1.2 |
0.3 |
8.2 |
|
Capital Lease Payments Due in 2-3 Years |
5.5 |
8.9 |
31.9 |
33.0 |
32.6 |
|
Capital Lease Payments Due in 4-5 Years |
1.8 |
2.6 |
2.7 |
9.8 |
23.3 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.4 |
0.6 |
0.2 |
0.5 |
0.7 |
|
Pension Obligation - Domestic |
221.2 |
255.2 |
322.2 |
280.2 |
239.1 |
|
Plan Assets - Domestic |
110.0 |
105.7 |
153.7 |
123.6 |
90.0 |
|
Funded Status - Domestic |
-111.2 |
-149.5 |
-168.5 |
-156.7 |
-149.1 |
|
Total Funded Status |
-111.2 |
-149.5 |
-168.5 |
-156.7 |
-149.1 |
|
Discount Rate - Domestic |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
|
Prepaid Benefits - Domestic |
0.0 |
0.0 |
1.3 |
1.1 |
0.8 |
|
Accrued Liabilities - Domestic |
-122.7 |
-155.7 |
-173.2 |
-157.6 |
-142.4 |
|
Other Assets, Net - Domestic |
-11.5 |
-6.2 |
-3.5 |
0.2 |
7.6 |
|
Net Assets Recognized on Balance Sheet |
-134.3 |
-162.0 |
-175.5 |
-156.3 |
-134.0 |
|
Total Plan Obligations |
221.2 |
255.2 |
322.2 |
280.2 |
239.1 |
|
Total Plan Assets |
110.0 |
105.7 |
153.7 |
123.6 |
90.0 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-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) |
87.565262 |
78.601914 |
83.072254 |
91.59515 |
98.728525 |
|
Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-6.5 |
-428.8 |
-110.7 |
49.8 |
-16.2 |
|
Depreciation |
91.0 |
115.7 |
129.0 |
130.5 |
124.8 |
|
Depreciation/Depletion |
91.0 |
115.7 |
129.0 |
130.5 |
124.8 |
|
Unusual Items |
69.5 |
325.2 |
72.2 |
16.9 |
14.8 |
|
Equity in Net Earnings (Loss) |
-0.2 |
4.1 |
-0.7 |
1.2 |
-0.1 |
|
Other Non-Cash Items |
-49.0 |
48.4 |
49.9 |
-20.5 |
19.5 |
|
Non-Cash Items |
20.3 |
377.7 |
121.4 |
-2.3 |
34.1 |
|
Accounts Receivable |
124.7 |
181.3 |
101.4 |
-141.3 |
24.9 |
|
Inventories |
131.9 |
56.1 |
-50.5 |
202.7 |
-163.1 |
|
Accounts Payable |
-49.5 |
-333.5 |
-16.6 |
238.2 |
-245.9 |
|
Accrued Expenses |
-1.8 |
-3.9 |
0.5 |
2.6 |
-4.2 |
|
Taxes Payable |
-10.6 |
12.2 |
2.4 |
2.1 |
0.5 |
|
Other Liabilities |
16.1 |
-59.7 |
38.1 |
5.9 |
-23.1 |
|
Other Operating Cash Flow |
-58.3 |
-25.0 |
-1.8 |
-4.3 |
-54.0 |
|
Changes in Working Capital |
152.5 |
-172.6 |
73.6 |
305.9 |
-465.0 |
|
Cash from Operating Activities |
257.3 |
-108.0 |
213.4 |
483.8 |
-322.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-66.1 |
-154.6 |
-202.3 |
-95.9 |
-148.9 |
|
Capital Expenditures |
-66.1 |
-154.6 |
-202.3 |
-95.9 |
-148.9 |
|
Acquisition of Business |
-1.5 |
-2.5 |
- |
0.0 |
9.4 |
|
Sale of Business |
4.6 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
- |
- |
8.6 |
29.5 |
25.0 |
|
Sale/Maturity of Investment |
18.0 |
4.6 |
34.8 |
7.8 |
7.6 |
|
Purchase of Investments |
-19.4 |
-0.5 |
-27.3 |
-59.9 |
-35.8 |
|
Other Investing Cash Flow |
13.0 |
8.9 |
7.6 |
-0.3 |
0.4 |
|
Other Investing Cash Flow Items, Total |
14.6 |
10.5 |
23.8 |
-22.8 |
6.6 |
|
Cash from Investing Activities |
-51.5 |
-144.1 |
-178.6 |
-118.7 |
-142.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-12.3 |
-4.4 |
-3.5 |
0.8 |
-0.3 |
|
Financing Cash Flow Items |
-12.3 |
-4.4 |
-3.5 |
0.8 |
-0.3 |
|
Cash Dividends Paid - Common |
0.0 |
0.0 |
-12.4 |
-9.1 |
-9.1 |
|
Total Cash Dividends Paid |
0.0 |
0.0 |
-12.4 |
-9.1 |
-9.1 |
|
Sale/Issuance of Common |
171.3 |
- |
0.0 |
161.7 |
0.0 |
|
Common Stock, Net |
171.3 |
- |
0.0 |
161.7 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
171.3 |
- |
0.0 |
161.7 |
0.0 |
|
Short Term Debt, Net |
-98.7 |
186.1 |
361.2 |
-370.7 |
321.8 |
|
Long Term Debt Issued |
107.4 |
237.2 |
88.2 |
203.5 |
355.3 |
|
Long Term Debt Reduction |
-208.9 |
-258.3 |
-407.4 |
-241.9 |
-147.9 |
|
Long Term Debt, Net |
-101.6 |
-21.1 |
-319.3 |
-38.4 |
207.5 |
|
Issuance (Retirement) of Debt, Net |
-200.3 |
164.9 |
42.0 |
-409.1 |
529.3 |
|
Cash from Financing Activities |
-41.3 |
160.5 |
26.0 |
-255.7 |
519.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
18.5 |
-4.3 |
0.4 |
-2.2 |
-6.1 |
|
Net Change in Cash |
183.0 |
-96.0 |
61.3 |
107.2 |
49.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
321.8 |
454.5 |
368.7 |
217.3 |
172.0 |
|
Net Cash - Ending Balance |
504.8 |
358.5 |
430.0 |
324.5 |
221.1 |
|
Cash Interest Paid |
17.6 |
21.0 |
18.3 |
17.7 |
14.2 |
|
Cash Taxes Paid |
32.1 |
42.5 |
25.3 |
19.6 |
24.3 |
|
|
|
|
|
|
30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-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) |
87.565262 |
78.601914 |
83.072254 |
91.59515 |
98.728525 |
|
Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net Sales |
1,865.5 |
2,503.8 |
2,793.2 |
2,421.6 |
2,267.1 |
|
Total Revenue |
1,865.5 |
2,503.8 |
2,793.2 |
2,421.6 |
2,267.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,443.4 |
2,143.1 |
2,252.1 |
1,978.1 |
1,865.1 |
|
Other Total SGA |
104.1 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
- |
127.4 |
- |
- |
- |
|
Payroll |
79.7 |
97.6 |
97.4 |
82.4 |
73.7 |
|
Allowance for bonus |
2.8 |
4.6 |
7.4 |
5.5 |
5.1 |
|
Provision for directors' bonuses |
2.7 |
2.5 |
2.1 |
2.2 |
1.6 |
|
Periodic pension cost |
6.5 |
7.3 |
9.2 |
9.0 |
8.5 |
|
Res.dir.'s retire.benefits |
1.4 |
2.8 |
2.8 |
2.0 |
1.6 |
|
Depreciation |
13.7 |
15.3 |
12.8 |
13.9 |
14.3 |
|
Traveling & communication exp. |
11.6 |
15.6 |
17.8 |
14.0 |
14.9 |
|
Commission expenses |
22.7 |
20.8 |
22.4 |
18.8 |
19.8 |
|
Research & Development expense |
44.4 |
66.7 |
68.7 |
56.4 |
50.7 |
|
Provision for doubtful accounts(SGA) |
-1.1 |
-2.6 |
13.1 |
1.7 |
1.3 |
|
Loss on bad debts |
0.0 |
0.5 |
44.6 |
0.0 |
- |
|
Support fee for sales |
63.8 |
83.4 |
88.8 |
77.7 |
70.0 |
|
Other SGA |
- |
- |
131.8 |
107.3 |
105.4 |
|
SP Rev. Allow. Doubt. Acct. |
- |
0.0 |
-0.3 |
-0.5 |
-0.1 |
|
Subsidy |
-2.0 |
-1.1 |
-2.2 |
-17.2 |
0.0 |
|
SP Rev. G on business reorganiz. L |
- |
- |
- |
0.0 |
-1.1 |
|
SP Prior year overhead absorbt |
- |
- |
- |
- |
0.0 |
|
SP Other SP Gains |
0.0 |
-0.2 |
-0.2 |
-0.1 |
-0.6 |
|
SP L.Retire.Fix Asset |
- |
- |
2.6 |
6.0 |
11.1 |
|
SP L.Val.Inv.Secs. |
- |
- |
- |
0.0 |
3.8 |
|
SP L on deduction fixed assets |
- |
- |
0.0 |
1.3 |
0.0 |
|
SP Impairment of Fixed Asset |
0.0 |
10.5 |
69.6 |
10.9 |
0.0 |
|
SP L on val. of inventories |
- |
- |
- |
0.0 |
6.4 |
|
Business structure improvement expenses |
69.5 |
314.7 |
- |
- |
- |
|
SP Loss on business reorganization |
- |
- |
- |
- |
0.0 |
|
SP Loss on disaster |
- |
0.0 |
41.2 |
0.0 |
- |
|
SP L on adjustment for changes of accoun |
- |
0.0 |
2.5 |
0.0 |
- |
|
SP Other SP Losses |
11.7 |
23.4 |
14.9 |
3.8 |
5.5 |
|
NOP L.Val.Inventory |
- |
- |
- |
- |
0.0 |
|
NOP L.Retire.Inventory |
- |
- |
- |
- |
0.6 |
|
Total Operating Expense |
1,874.8 |
2,932.3 |
2,899.0 |
2,373.3 |
2,257.5 |
|
|
|
|
|
|
|
|
NOP Interest Income |
1.9 |
2.6 |
1.6 |
1.1 |
1.5 |
|
Gain On Sales Of Investment Securities |
- |
1.1 |
- |
- |
- |
|
NOP Dividend Income |
2.0 |
2.0 |
1.5 |
1.7 |
1.0 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Commission for syndicate loan |
-4.2 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
- |
0.1 |
- |
- |
- |
|
Commitment fee |
- |
-5.0 |
- |
- |
- |
|
NOP Commission Rcvd. |
- |
- |
0.0 |
1.8 |
1.5 |
|
NOP Rent Income |
- |
- |
0.0 |
2.0 |
1.1 |
|
NOP Equity Gains |
0.2 |
0.0 |
0.7 |
0.0 |
0.1 |
|
NOP Exchange Gains |
14.0 |
2.0 |
3.9 |
3.8 |
0.0 |
|
NOP Oversea Branch Tax Refund |
- |
- |
- |
0.0 |
0.8 |
|
NOP Insurance income÷nd |
3.7 |
5.6 |
4.8 |
0.8 |
2.9 |
|
NOP Subsidy Income |
- |
3.8 |
0.0 |
4.1 |
3.2 |
|
NOP Compensation income |
0.0 |
9.4 |
0.0 |
2.8 |
0.0 |
|
NOP Other Non-Ops.Income |
13.8 |
10.3 |
11.7 |
9.4 |
6.3 |
|
NOP Interest Exp. |
-17.8 |
-20.9 |
-18.7 |
-17.8 |
-14.0 |
|
NOP Exchange Loss |
- |
- |
- |
0.0 |
-21.6 |
|
NOP Equity losses |
0.0 |
-4.1 |
0.0 |
-1.2 |
0.0 |
|
NOP Cost of Rent |
- |
- |
- |
- |
0.0 |
|
NOP Other Non-Ops.Exp. |
-11.9 |
-7.2 |
-10.4 |
-7.2 |
-9.0 |
|
Gain On Sales Of Noncurrent Assets |
1.2 |
- |
- |
- |
- |
|
SP G.Sale Fix Asset |
- |
- |
- |
0.0 |
0.2 |
|
SP G.Sale Inv.Secs. |
- |
- |
- |
- |
0.1 |
|
Net Income Before Taxes |
-6.5 |
-428.8 |
-110.7 |
49.8 |
-16.2 |
|
|
|
|
|
|
|
|
Total income taxes |
29.1 |
198.1 |
-5.5 |
33.8 |
-12.9 |
|
Net Income After Taxes |
-35.6 |
-626.9 |
-105.1 |
16.0 |
-3.3 |
|
|
|
|
|
|
|
|
Minority interests in income |
-7.9 |
-9.1 |
0.3 |
7.4 |
11.6 |
|
Net Income Before Extra. Items |
-43.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
Net Income |
-43.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
|
|
|
|
|
|
Distribution for Prefer Shares |
-6.0 |
- |
- |
- |
- |
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
- |
- |
- |
|
Earning Adjustment |
- |
- |
- |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
49.3 |
49.3 |
49.3 |
45.9 |
42.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
-1.00 |
-12.89 |
-2.12 |
0.51 |
0.19 |
|
Basic EPS Including ExtraOrdinary Items |
-1.00 |
-12.89 |
-2.12 |
0.51 |
0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-49.5 |
-635.9 |
-104.8 |
23.3 |
8.2 |
|
Diluted Weighted Average Shares |
49.3 |
49.3 |
49.3 |
50.1 |
46.5 |
|
Diluted EPS Excluding ExtraOrd Items |
-1.00 |
-12.89 |
-2.12 |
0.47 |
0.18 |
|
Diluted EPS Including ExtraOrd Items |
-1.00 |
-12.89 |
-2.12 |
0.47 |
0.18 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.23 |
0.21 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
11.3 |
9.1 |
|
Normalized Income Before Taxes |
71.5 |
-81.5 |
17.3 |
54.0 |
2.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
56.4 |
319.6 |
39.3 |
35.3 |
-6.4 |
|
Normalized Income After Taxes |
15.1 |
-401.1 |
-21.9 |
18.7 |
8.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.2 |
-410.2 |
-21.6 |
26.1 |
20.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.02 |
-8.31 |
-0.44 |
0.57 |
0.47 |
|
Diluted Normalized EPS |
0.02 |
-8.31 |
-0.44 |
0.52 |
0.43 |
|
Research And Development Expense(SGA) |
44.4 |
66.7 |
- |
- |
- |
|
Research and Development Expenses(COGS) |
12.6 |
23.4 |
- |
- |
- |
|
Research and Development (SGA) |
- |
- |
68.7 |
56.4 |
50.7 |
|
Research and Development (COGS) |
- |
- |
30.6 |
31.0 |
33.9 |
|
Interest Expense |
17.8 |
20.9 |
18.7 |
17.8 |
14.0 |
|
BC - Depreciation of Fixed Assets |
91.0 |
- |
- |
- |
- |
|
Dep. of Tangible Assets-Current Portion |
- |
115.7 |
- |
- |
- |
|
Depreciation |
- |
- |
129.0 |
130.5 |
124.8 |
|
Income taxes-current |
26.8 |
30.6 |
- |
- |
- |
|
Current Tax - Total |
26.8 |
30.6 |
- |
- |
- |
|
Income taxes-deferred |
2.3 |
167.5 |
- |
- |
- |
|
Deferred Tax - Total |
2.3 |
167.5 |
- |
- |
- |
|
Income Tax - Total |
29.1 |
198.1 |
- |
- |
- |
|
Reported Operating Profit |
69.8 |
-81.2 |
22.3 |
52.5 |
35.3 |
|
Reported Ordinary Profit |
71.5 |
-82.7 |
17.3 |
54.0 |
8.5 |
|
Service Cost |
19.5 |
23.2 |
24.4 |
20.7 |
21.5 |
|
Interest Cost |
3.7 |
5.3 |
4.9 |
4.2 |
3.8 |
|
Expected Return on Plan Assets |
-1.0 |
-1.6 |
-1.4 |
-1.7 |
-1.9 |
|
Accouting Changes |
- |
- |
- |
3.5 |
3.4 |
|
Actuarial Gains & Losses |
1.0 |
2.6 |
2.9 |
2.8 |
2.8 |
|
Prior service cost |
-0.3 |
-0.4 |
-0.3 |
-0.3 |
0.8 |
|
Extraordinary Addl Other Retire. compt |
0.0 |
-4.0 |
- |
- |
- |
|
Exp. on change of cacul. of pension cost |
- |
0.0 |
2.7 |
- |
- |
|
Domestic Pension Plan Expense |
22.9 |
25.2 |
33.2 |
29.2 |
30.4 |
|
Total Pension Expense |
22.9 |
25.2 |
33.2 |
29.2 |
30.4 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
2.00% |
2.00% |
- |
- |
- |
|
Discount rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Retiremen |
1.00% |
1.00% |
- |
- |
- |
|
Expected rate of return |
- |
- |
1.00% |
1.00% |
1.00% |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
98.239969 |
79.390941 |
80.76 |
88.49 |
96.485 |
|
Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Cash & Depo. |
454.0 |
357.7 |
449.0 |
354.0 |
238.2 |
|
Notes and accounts receivable-trade |
605.9 |
816.3 |
996.6 |
1,000.4 |
802.5 |
|
Inventories - merchandise&finished goods |
48.2 |
59.2 |
68.9 |
70.9 |
54.3 |
|
Inventories-Work In Process |
290.6 |
492.7 |
632.9 |
555.2 |
731.1 |
|
Inventories-Raw materials&supplies |
108.3 |
168.9 |
181.0 |
138.7 |
108.2 |
|
Dfrd.Income Tax |
15.0 |
17.1 |
84.4 |
65.8 |
61.8 |
|
Other Current |
46.9 |
76.6 |
86.5 |
68.3 |
72.8 |
|
Allow.Doubt.Acct. |
-5.7 |
-8.0 |
-10.6 |
-2.4 |
-3.3 |
|
Total current assets |
1,563.2 |
1,980.5 |
2,488.7 |
2,250.9 |
2,065.7 |
|
|
|
|
|
|
|
|
Buildings & structures, gross |
820.5 |
963.2 |
953.5 |
840.9 |
761.5 |
|
Accum Dep & Impairment Loss of Buildings |
-402.2 |
-457.3 |
-416.6 |
-345.7 |
-283.8 |
|
Machinery, equipment and vehicles |
649.0 |
738.5 |
862.4 |
782.8 |
703.6 |
|
Acc. Depre&Impair-Machine,Equip&Vehicle |
-482.4 |
-546.2 |
-601.5 |
-518.1 |
-435.2 |
|
Tools, furniture and fixtures |
142.5 |
167.6 |
173.2 |
152.7 |
145.5 |
|
Acc. Depre&Impair-Tool,Furniture&Fixture |
-125.0 |
-146.0 |
-146.9 |
-127.1 |
-112.0 |
|
Land |
96.8 |
120.8 |
124.0 |
117.1 |
108.4 |
|
Constr.in Progre. |
26.1 |
81.5 |
110.7 |
89.3 |
89.8 |
|
Lease assets, gross |
17.5 |
36.3 |
38.7 |
34.8 |
25.0 |
|
Accumulated depreciation-Lease Assets |
-11.9 |
-26.7 |
-19.1 |
-14.3 |
-2.2 |
|
Goodwill |
0.9 |
1.7 |
2.2 |
5.4 |
0.8 |
|
Lease assets, Intangible |
1.5 |
0.9 |
0.1 |
0.2 |
0.1 |
|
Software rights |
14.6 |
22.8 |
25.0 |
12.1 |
13.9 |
|
Other Intangible |
37.7 |
46.7 |
40.6 |
31.7 |
24.9 |
|
Investment Securities - Balancing value |
19.3 |
- |
- |
- |
- |
|
Other LT investment |
- |
18.9 |
- |
- |
- |
|
Invest.Secs. |
- |
- |
25.0 |
17.1 |
53.9 |
|
Invt Secs Noncons, Asc, Affd Cos |
20.2 |
32.2 |
- |
- |
- |
|
Invts in Capital Noncons, Ascd, Affd Cos |
13.7 |
15.3 |
- |
- |
- |
|
Inv't partnership-nonconsol.affil. & sub |
- |
- |
32.0 |
28.8 |
- |
|
Equity secs.-nonconsol affil. & sub. |
- |
- |
15.0 |
39.0 |
- |
|
Other - Balancing value |
34.4 |
- |
- |
- |
- |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Other Other Long Term Assets |
- |
48.1 |
- |
- |
- |
|
Rounding adjustment Assets |
- |
0.0 |
- |
- |
- |
|
Sec.Depo. |
18.4 |
24.7 |
24.1 |
21.8 |
18.1 |
|
Deferred tax assets |
22.4 |
27.2 |
108.5 |
75.0 |
75.8 |
|
Other Asset |
- |
- |
51.5 |
55.5 |
46.5 |
|
Allow.Doubt.Acct. |
-0.8 |
-5.9 |
-7.9 |
-3.3 |
-3.6 |
|
Provision for loss on LT investments |
- |
- |
0.0 |
-0.7 |
0.0 |
|
Total Assets |
2,476.5 |
3,144.6 |
3,883.3 |
3,546.0 |
3,296.6 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
291.6 |
386.6 |
712.7 |
661.3 |
401.8 |
|
Short-term Loans Payable |
704.9 |
- |
- |
- |
- |
|
Short-term loans payable |
- |
1,041.5 |
639.3 |
345.6 |
617.7 |
|
Current Portion of Lg-term Loans Payable |
137.4 |
- |
- |
- |
- |
|
LT borrowings (current) |
- |
- |
200.3 |
200.4 |
181.3 |
|
Cur.Port.Bond |
- |
- |
0.2 |
2.5 |
- |
|
Curr. Lease obligation |
6.6 |
11.4 |
20.1 |
17.2 |
15.5 |
|
Commercial papers |
0.0 |
126.0 |
123.8 |
0.0 |
51.8 |
|
Inc.Tax Pybl. |
7.9 |
9.8 |
21.1 |
12.8 |
7.7 |
|
Advance received |
141.2 |
130.2 |
190.6 |
137.9 |
121.4 |
|
Dfrd.Tax Liab. |
1.7 |
6.1 |
0.1 |
0.0 |
0.0 |
|
Allow.for Bonus |
10.7 |
15.2 |
19.1 |
16.6 |
14.3 |
|
Provision for directors'' bonuses |
2.4 |
2.5 |
2.1 |
2.3 |
1.6 |
|
Product Warranty |
19.0 |
20.5 |
20.1 |
14.1 |
26.5 |
|
provision for disaster |
- |
- |
2.0 |
0.0 |
- |
|
Provision for business structure improve |
- |
- |
4.4 |
0.0 |
- |
|
Provision for loss on order received |
33.2 |
95.1 |
32.2 |
8.4 |
0.0 |
|
Other Current |
109.7 |
227.4 |
179.2 |
158.5 |
133.1 |
|
Total Current Liabilities |
1,466.4 |
2,072.3 |
2,167.4 |
1,577.5 |
1,572.8 |
|
|
|
|
|
|
|
|
Corp.Bond |
0.2 |
0.5 |
0.7 |
0.9 |
2.1 |
|
Bond with stock purchase warrants |
- |
- |
0.0 |
175.2 |
160.6 |
|
Long-term loans payable |
237.8 |
346.3 |
336.9 |
407.7 |
397.5 |
|
Lease obligation |
7.7 |
12.1 |
34.8 |
43.3 |
56.7 |
|
Total Long Term Debt |
245.7 |
358.9 |
372.4 |
627.1 |
616.9 |
|
|
|
|
|
|
|
|
Provision For Retirement Benefits |
122.7 |
155.7 |
173.2 |
157.6 |
142.4 |
|
Asset retirement obligations |
3.4 |
4.3 |
3.6 |
0.0 |
- |
|
Provision for directors'' retirement ben |
8.0 |
10.1 |
10.8 |
10.8 |
10.3 |
|
Deferred tax liabilities |
14.6 |
8.7 |
0.3 |
0.0 |
0.0 |
|
Res. Business reorganization |
- |
- |
- |
- |
0.0 |
|
Other Liab. |
10.6 |
15.8 |
16.0 |
14.6 |
19.9 |
|
Minority Interest |
41.9 |
52.0 |
47.3 |
47.5 |
62.6 |
|
Total Liabilities |
1,913.4 |
2,677.8 |
2,791.1 |
2,435.1 |
2,424.8 |
|
|
|
|
|
|
|
|
Redeemable Convertible Preferred Stock |
152.7 |
- |
- |
- |
- |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Common Stock |
136.1 |
262.9 |
258.5 |
235.9 |
139.6 |
|
Capital surplus |
301.3 |
278.4 |
273.7 |
249.7 |
152.3 |
|
Retained Earnings |
-30.2 |
10.6 |
629.4 |
686.7 |
620.1 |
|
Valuation difference on available-for-sa |
3.4 |
-0.6 |
-0.2 |
-0.3 |
1.5 |
|
Transl.Adjust. |
-0.1 |
-84.4 |
-69.0 |
-61.1 |
-41.5 |
|
Treasury Stock |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Equity |
563.1 |
466.8 |
1,092.2 |
1,110.8 |
871.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,476.5 |
3,144.6 |
3,883.3 |
3,546.0 |
3,296.6 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
49.3 |
49.3 |
49.3 |
49.3 |
42.9 |
|
Total Common Shares Outstanding |
49.3 |
49.3 |
49.3 |
49.3 |
42.9 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
S/O-Preference Shares |
0.0 |
- |
- |
- |
- |
|
Total Preferred Shares Outstanding |
0.0 |
- |
- |
- |
- |
|
T/S-Preference Shares |
0.0 |
- |
- |
- |
- |
|
Advance |
141.2 |
130.2 |
190.6 |
137.9 |
121.4 |
|
Full-Time Employees |
6,579 |
6,981 |
7,878 |
7,169 |
6,871 |
|
Total Number of Shareholders |
22,291 |
27,167 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
24,859 |
29,114 |
23,526 |
|
Within One Year |
0.2 |
0.3 |
- |
- |
- |
|
Division And End Of Current Period Remai |
137.4 |
212.6 |
- |
- |
- |
|
LT debt maturing within 1yr |
- |
- |
200.6 |
202.9 |
181.3 |
|
Over One Year And Within Two Years |
0.2 |
0.3 |
- |
- |
- |
|
Lns Pble Maturing over a Yr within 2 Yrs |
87.1 |
167.5 |
- |
- |
- |
|
LT debt maturing within 2yr |
- |
- |
158.5 |
337.0 |
156.9 |
|
Over Two Years And Within Three Years |
0.0 |
0.3 |
- |
- |
- |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
43.6 |
104.7 |
- |
- |
- |
|
LT debt maturing within 3yr |
- |
- |
114.3 |
131.7 |
275.6 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
15.1 |
51.7 |
- |
- |
- |
|
LT debt maturing within 4yr |
- |
- |
51.3 |
81.7 |
80.8 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
91.1 |
18.4 |
- |
- |
- |
|
LT debt maturing within 5yr |
- |
- |
13.6 |
33.3 |
43.8 |
|
Other LT debt |
0.8 |
3.9 |
- |
- |
- |
|
LT debt Remaing Maturities |
- |
- |
0.0 |
- |
3.1 |
|
Total Long Term Debt, Supplemental |
375.6 |
559.7 |
538.3 |
786.7 |
741.5 |
|
Capital Lease due within 1Yr. |
6.6 |
11.4 |
20.1 |
17.2 |
15.5 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
2.9 |
6.6 |
- |
- |
- |
|
Capital Lease due within 2Yr. |
- |
- |
20.1 |
16.4 |
16.2 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
2.6 |
2.2 |
- |
- |
- |
|
Capital Lease due within 3Yr. |
- |
- |
11.8 |
16.6 |
16.4 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
1.3 |
2.0 |
- |
- |
- |
|
Capital Lease due within 4Yr. |
- |
- |
1.5 |
9.5 |
15.1 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.5 |
0.7 |
- |
- |
- |
|
Capital Lease due within 5Yr. |
- |
- |
1.2 |
0.3 |
8.2 |
|
Other Capital Lease |
0.4 |
0.6 |
- |
- |
- |
|
Capital Lease Remaining |
- |
- |
0.2 |
0.5 |
0.7 |
|
Total Capital Leases, Supplemental |
14.4 |
23.5 |
54.9 |
60.5 |
72.2 |
|
Pension Obligation |
221.2 |
255.2 |
322.2 |
280.2 |
239.1 |
|
Fair Value of Plan Assets |
110.0 |
105.7 |
153.7 |
123.6 |
90.0 |
|
Funded Status |
-111.2 |
-149.5 |
-168.5 |
-156.7 |
-149.1 |
|
Total Funded Status |
-111.2 |
-149.5 |
-168.5 |
-156.7 |
-149.1 |
|
Discount Rate |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
|
Accounting Change |
- |
- |
- |
- |
3.4 |
|
Unrecognized Actuarial Gains & Losses |
-3.8 |
-3.4 |
0.4 |
4.0 |
7.9 |
|
Unrecognized prior service cost |
-7.7 |
-2.8 |
-3.9 |
-3.8 |
-3.7 |
|
Prepaid Plan Assets |
0.0 |
0.0 |
1.3 |
1.1 |
0.8 |
|
Accrued Pension Liabilities |
-122.7 |
-155.7 |
-173.2 |
-157.6 |
-142.4 |
|
Net Assets Recognized on Balance Sheet |
-134.3 |
-162.0 |
-175.5 |
-156.3 |
-134.0 |
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
30-Jun-2013 |
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-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) |
87.565262 |
78.601914 |
83.072254 |
91.59515 |
98.728525 |
|
Auditor |
PricewaterhouseCoopers LLP |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with Explanation |
Unqualified |
Unqualified with Explanation |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Loss before income taxes |
-6.5 |
-428.8 |
-110.7 |
49.8 |
-16.2 |
|
Depreciation |
91.0 |
115.7 |
129.0 |
130.5 |
124.8 |
|
Business structure improvement expenses |
69.5 |
314.7 |
- |
- |
- |
|
Impairment losses on assets |
0.0 |
10.5 |
69.6 |
10.9 |
0.0 |
|
Increase (decrease) in allowance for dou |
-5.6 |
-4.9 |
12.0 |
-1.8 |
2.9 |
|
Increase (decrease) in provision for bon |
-1.8 |
-3.9 |
0.5 |
2.6 |
-4.2 |
|
Increase (decrease) in provision for ret |
-4.0 |
-20.6 |
0.6 |
2.2 |
12.4 |
|
Increase (decrease) in provision for dir |
-0.2 |
-0.9 |
-1.1 |
-0.2 |
1.0 |
|
Increase (decrease) in provision for los |
-49.2 |
63.0 |
22.1 |
0.0 |
- |
|
Increase (decrease) in provision for pro |
1.2 |
0.5 |
4.6 |
-14.2 |
-5.9 |
|
L.Retire.Fix Asset |
- |
- |
2.6 |
6.0 |
11.1 |
|
G.Sale Inv.Secs. |
- |
- |
- |
0.0 |
-0.1 |
|
L.Val.Inv.Secs. |
- |
- |
- |
0.0 |
3.8 |
|
Int.&Div.Income |
-3.9 |
-4.7 |
-3.2 |
-2.8 |
-2.5 |
|
Interest Expenses |
17.8 |
20.9 |
18.7 |
17.8 |
14.0 |
|
Subsidy Income |
-5.2 |
-4.9 |
-3.8 |
-21.3 |
-3.2 |
|
Equity in (earnings) losses of affiliate |
-0.2 |
4.1 |
-0.7 |
1.2 |
-0.1 |
|
Decrease (increase) in notes and account |
124.7 |
181.3 |
101.4 |
-141.3 |
24.9 |
|
Decrease (increase) in inventories |
131.9 |
56.1 |
-50.5 |
202.7 |
-163.1 |
|
Increase (decrease) in notes and account |
-49.5 |
-333.5 |
-16.6 |
238.2 |
-245.9 |
|
Increase (decrease) in advances received |
16.1 |
-59.7 |
38.1 |
5.9 |
-23.1 |
|
Increase (decrease) in accrued consumpti |
-10.6 |
12.2 |
2.4 |
2.1 |
0.5 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Increase in cash and cash equivalents du |
2.0 |
- |
- |
- |
- |
|
Payments for extra retirement payments |
-55.4 |
- |
- |
- |
- |
|
Increase in cash and cash equivalents fr |
- |
0.0 |
- |
- |
- |
|
Other Operating Cash Flow |
- |
0.0 |
- |
- |
- |
|
Other, net |
40.8 |
33.7 |
38.5 |
30.0 |
-18.1 |
|
Interest & Div. Income |
4.0 |
4.8 |
3.4 |
3.0 |
2.6 |
|
Interest Paid |
-17.6 |
-21.0 |
-18.3 |
-17.7 |
-14.2 |
|
Income Tax Paid |
-32.1 |
-42.5 |
-25.3 |
-19.6 |
-24.3 |
|
Newly Consolid. |
- |
- |
- |
- |
0.7 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Cash from Operating Activities |
257.3 |
-108.0 |
213.4 |
483.8 |
-322.3 |
|
|
|
|
|
|
|
|
Proceeds from sales of stocks of subsidi |
4.6 |
- |
- |
- |
- |
|
Time Depo.Made |
-19.4 |
-0.5 |
-12.1 |
-13.3 |
-18.9 |
|
Time Depo.Matured |
18.0 |
4.6 |
34.8 |
7.8 |
7.3 |
|
Sale Inv.Secs. |
- |
- |
- |
0.0 |
0.3 |
|
Purch.Inv.Secs. |
- |
0.0 |
-9.4 |
-28.0 |
-0.1 |
|
Purch.Subsid.Secs. |
- |
0.0 |
-5.8 |
-18.6 |
-16.8 |
|
Purchase of stocks of subsidiaries and a |
-1.5 |
-2.5 |
- |
- |
- |
|
Inflow due to purch. subs.' secs. |
- |
- |
- |
0.0 |
9.4 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Loans Made |
- |
- |
- |
- |
0.0 |
|
Loans Collected |
- |
- |
- |
- |
0.0 |
|
Purchase of property, plant and equipmen |
-66.1 |
-154.6 |
-202.3 |
-95.9 |
-148.9 |
|
Sale PPE |
- |
- |
8.6 |
29.5 |
25.0 |
|
Proceeds from prefectural government''s |
6.8 |
6.7 |
5.5 |
7.3 |
3.2 |
|
LT Prepaid Purch. |
- |
- |
- |
0.0 |
-4.4 |
|
Other, net |
6.1 |
2.2 |
2.1 |
-7.6 |
1.6 |
|
Cash from Investing Activities |
-51.5 |
-144.1 |
-178.6 |
-118.7 |
-142.3 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
15.5 |
186.1 |
240.9 |
-316.1 |
331.9 |
|
Net increase (decrease) in commercial pa |
-114.2 |
0.0 |
120.4 |
-54.6 |
-10.1 |
|
Proceeds from long-term loans payable |
107.4 |
237.2 |
88.2 |
203.5 |
285.0 |
|
Repayment of long-term loans payable |
-193.7 |
-223.5 |
-201.9 |
-221.5 |
-142.6 |
|
Repayment of finance lease |
-15.3 |
-34.8 |
-18.9 |
-20.4 |
-5.3 |
|
Proceed from sale and lease back |
- |
- |
- |
0.0 |
70.3 |
|
Redemption of bonds with subscription ri |
- |
0.0 |
-186.6 |
0.0 |
- |
|
Issue Stock |
171.3 |
- |
0.0 |
161.7 |
0.0 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Minority closely-held inv'ts |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
0.0 |
0.0 |
-12.4 |
-9.1 |
-9.1 |
|
Minority Div.Paid |
-12.8 |
-4.6 |
-0.6 |
-0.3 |
-0.3 |
|
Other, net |
0.4 |
0.2 |
-2.9 |
1.1 |
0.0 |
|
Cash from Financing Activities |
-41.3 |
160.5 |
26.0 |
-255.7 |
519.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
18.5 |
-4.3 |
0.4 |
-2.2 |
-6.1 |
|
Net increase (decrease) in cash and cash |
183.0 |
-96.0 |
61.3 |
107.2 |
49.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
321.8 |
454.5 |
368.7 |
217.3 |
172.0 |
|
Net Cash - Ending Balance |
504.8 |
358.5 |
430.0 |
324.5 |
221.1 |
|
Cash Interest Paid |
17.6 |
21.0 |
18.3 |
17.7 |
14.2 |
|
Cash Taxes Paid |
32.1 |
42.5 |
25.3 |
19.6 |
24.3 |
|
|
|
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
UK Pound |
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.