MIRA
INFORM REPORT
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Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ITOCHU CORP
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Registered Office : |
2-5-1, Kita-Aoyama, Minato-Ku, 107-8077 |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
01.12.1949 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in Textile segment, Machinery and Information segment, Metal and Energy segment, Life Material and Chemical segment, Food segment provides, Construction and Real Estate segment, Financial, Insurance and Logistics segment |
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No. of Employees : |
77513 |
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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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
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Source : CIA |
Company name & address
Itochu Corp
2-5-1, Kita-Aoyama
Minato-Ku, 107-8077
Japan
Tel: 81-3-34972121
Fax: 81-3-34974141
Web: www.itochu.co.jp
Synthesis
Employees: 77,513
Company Type: Public Parent
Corporate Family: 582
Companies
Traded: Tokyo
Stock Exchange: 8001
Incorporation Date:
01-Dec-1949
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2013
Reporting Currency: Japanese
Yen
Annual Sales: 55,197.5 1
Net Income: 3,378.3
Total Assets: 75,646.3 2
Market Value: 18,472.1 (28-Jun-2013)
Business Description
ITOCHU Corporation is a trading company. Textile segment offers textile materials and products, clothing, interior items and others. Machinery and Information segment offers automobiles, industrial machinery and plants. Metal and Energy segment develops metal resources, processes iron and steel, sells metal products, and develops and trades energy-related products. Life Material and Chemical segment offers wood logs, timber products, synthetic resin products and chemicals. Food segment provides farm goods, processed foods and beverages. Construction and Real Estate segment operates real estate, offices and logistics facilities related businesses. Financial, Insurance and Logistics segment offers financial, insurance agency and transportation services. Others segment develops businesses in areas of securities investment, asset management and exchange. On October 23, 2012, it established a wholly owned subsidiary namely Dole International Holdings Co., Ltd. in Tokyo, Japan. For the fiscal year ended 31 March 2013, Itochu Corp revenues increased 9% to Y4.58T. Net income decreased 7% to Y280.3B. Revenues reflect Chemicals, Forest Products & General Merchandise segment increase of 12% to Y5.358T, Food segment increase of 5% to Y3.344T, Machinery & Energy segment increase of 9% to Y1.086T. Net income was offset by Metal & Energy segment income decrease of 35% to Y79.46B.
Industry
Industry Food Processing
ANZSIC 2006: 1161 - Grain Mill
Product Manufacturing
NACE 2002: 1561 - Manufacture
of grain mill products
NAICS 2002: 311211 - Flour
Milling
UK SIC 2003: 15611 - Grain
milling
UK SIC 2007: 10611 - Grain
milling
US SIC 1987: 2041 - Flour and
Other Grain Mill Products
Key Executives
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Name |
Title |
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Masahiro Okafuji |
President, Representative Director |
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Tsuyoshi Hachimura |
Executive Officer, Director of Finance |
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Toru Matsushima |
Chief Administrative Officer, Managing Executive Officer,
Representative Director |
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Hajime Ichishi |
Project Manager |
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Koji Takayanagi |
Chief Scientific Officer, Senior Managing Executive Officer,
Representative Director |
Significant Developments
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Topic |
#* |
Most Recent Headline |
Date |
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5 |
Itochu Corp
Announces Outcome of Takeover Bid for Shares of YANASE & Co., Ltd. |
27-Mar-2013 |
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7 |
Kenedix Inc
to Acquire Shares in Kenedix Office Partners, Inc. from Itochu Corp |
28-May-2013 |
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12 |
24-Jun-2013 |
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2 |
Itochu Corp
Announces Details of Establishment of Subsidiaries |
1-Apr-2013 |
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1 |
Itochu
Corp, Mitsubishi Corp And GDF Suez SA In Turkish Nuclear Plant Bid-Reuters |
5-Mar-2013 |
* number of significant developments within the last 12 months
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
Corporate Overview
Location
2-5-1, Kita-Aoyama
Minato-Ku, 107-8077
Japan
Tel: 81-3-34972121
Fax: 81-3-34974141
Web: www.itochu.co.jp
Quote Symbol - Exchange
8001 - Tokyo Stock
Exchange
Sales JPY(mil): 4,579,763.0
Assets JPY(mil): 7,117,446.0
Employees: 77,513
Fiscal Year End: 31-Mar-2013
Industry: Food
Processing
Incorporation Date: 01-Dec-1949
Company Type: Public
Parent
Quoted Status: Quoted
Chief Executive Officer: Takeshi
Kumekawa
Industry Codes
ANZSIC 2006 Codes:
1161 - Grain Mill Product Manufacturing
6411 - Financial Asset Broking Services
4610 - Road Freight Transport
3604 - Fish and Seafood Wholesaling
3020 - Non-Residential Building Construction
6420 - Auxiliary Insurance Services
3319 - Other Agricultural Product Wholesaling
3711 - Textile Product Wholesaling
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
3331 - Timber Wholesaling
NACE 2002 Codes:
1561 - Manufacture of grain mill products
6712 - Security broking and fund management
6024 - Freight transport by road
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5153 - Wholesale of wood, construction materials and sanitary
equipment
5187 - Wholesale of other machinery for use in industry, trade and
navigation
4521 - General construction of buildings and civil engineering
works
6720 - Activities auxiliary to insurance and pension funding
5121 - Wholesale of grain, seeds and animal feeds
5141 - Wholesale of textiles
NAICS 2002 Codes:
311211 - Flour Milling
524210 - Insurance Agencies and Brokerages
423830 - Industrial Machinery and Equipment Merchant Wholesalers
424310 - Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers
424460 - Fish and Seafood Merchant Wholesalers
424910 - Farm Supplies Merchant Wholesalers
423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant
Wholesalers
484230 - Specialized Freight (except Used Goods) Trucking,
Long-Distance
236220 - Commercial and Institutional Building Construction
523110 - Investment Banking and Securities Dealing
US SIC 1987:
2041 - Flour and Other Grain Mill Products
6411 - Insurance Agents, Brokers, and Service
5084 - Industrial Machinery and Equipment
4213 - Trucking, Except Local
1542 - General Contractors-Nonresidential Buildings, Other than
Industrial Buildings and Warehouses
6211 - Security Brokers, Dealers, and Flotation Companies
5191 - Farm Supplies
5131 - Piece Goods, Notions, and Other Dry Good
5031 - Lumber, Plywood, Millwork, and Wood Panels
5146 - Fish and Seafoods
UK SIC 2003:
15611 - Grain milling
6712 - Security broking and fund management
5153 - Wholesale of wood, construction materials and sanitary
equipment
5187 - Wholesale of other machinery for use in industry, trade and
navigation
5141 - Wholesale of textiles
5138 - Wholesale of other food including fish, crustaceans and
molluscs
5121 - Wholesale of grain, seeds and animal feeds
45212 - Construction of domestic buildings
6720 - Activities auxiliary to insurance and pension funding
6024 - Freight transport by road
UK SIC 2007:
10611 - Grain milling
6612 - Security and commodity contracts brokerage
4669 - Wholesale of other machinery and equipment
4941 - Freight transport by road
41202 - Construction of domestic buildings
6629 - Other activities auxiliary to insurance and pension funding
4621 - Wholesale of grain, unmanufactured tobacco, seeds and
animal feeds
4641 - Wholesale of textiles
4638 - Wholesale of other food, including fish, crustaceans and
molluscs
4673 - Wholesale of wood, construction materials and sanitary
equipment
Business
Description
ITOCHU Corporation
is a trading company. Textile segment offers textile materials and products,
clothing, interior items and others. Machinery and Information segment offers
automobiles, industrial machinery and plants. Metal and Energy segment develops
metal resources, processes iron and steel, sells metal products, and develops
and trades energy-related products. Life Material and Chemical segment offers
wood logs, timber products, synthetic resin products and chemicals. Food
segment provides farm goods, processed foods and beverages. Construction and
Real Estate segment operates real estate, offices and logistics facilities
related businesses. Financial, Insurance and Logistics segment offers
financial, insurance agency and transportation services. Others segment
develops businesses in areas of securities investment, asset management and
exchange. On October 23, 2012, it established a wholly owned subsidiary namely
Dole International Holdings Co., Ltd. in Tokyo, Japan. For the fiscal year
ended 31 March 2013, Itochu Corp revenues increased 9% to Y4.58T. Net income
decreased 7% to Y280.3B. Revenues reflect Chemicals, Forest Products & General
Merchandise segment increase of 12% to Y5.358T, Food segment increase of 5% to
Y3.344T, Machinery & Energy segment increase of 9% to Y1.086T. Net income
was offset by Metal & Energy segment income decrease of 35% to Y79.46B.
More Business
Descriptions
Commercial
trading, one of Japan's leading sogo shosha, with eight divisions: the Textile
Company; the Plant, Automobile and Industrial Machinery Company; the Aerospace,
Electronics and Multimedia Company; the Metals and Minerals Company; the Energy
and Chemical Company; the Food, Forest Products and General Merchandise
Company; the Construction and Realty Company; the Finance, Insurance and
Logistics Services Company
Textile,
Machinery, Metals, Grain, Provisions, Forest Products, General Merchandise,
Chemical & Energy Products Import & Export Services
ITOCHU Corporation
(ITOCHU) is a diversified international company, operating in business fields
such as natural resource development, textile, machinery, food,
consumer-related products, and financial services. ITOCHU and its subsidiaries
are active in trading various commodities, provide financing for customers and
suppliers, organizes and coordinates industrial projects across the world. As
for the fiscal year ended March 31, 2012, it operated through 86 domestic and
140 international subsidiaries.The company classifies its into six segments,
namely, Textile; ICT & Machinery; Energy, Metals & Minerals; Chemicals,
Forest Products & General Merchandise; Food; and Construction & Realty
Division and Headquarters Business.In February 2013, the company agreed to
transfer 60% of the shares of its wholly owned subsidiary, Healthcare-Tech
Corporation, to AIR WATER INC. In December 2012, the company announced that it
will work in partnership with Goldstone Development Ltd., to launch a
full-scale expansion of stores for U.S. luxury brand HUNTING WORLD, of which it
owns worldwide distribution rights, in the Chinese market. During the same
month, the company signed an exclusive acquisition agreement with Dole Food
Company, Inc., contemplating a transaction pursuant to which ITOCHU will
acquire the Asia fresh produce business and the worldwide packaged foods
business of Dole through Dole International Holdings Co., Ltd., which was
established by ITOCHU in October 2012. The transaction value is $1.685
billion.In November 2012, the company concluded a joint venture contract with
FamilyMart Co., Ltd. and SIAL CVS Retailers, Inc., for the development and
operation of FamilyMart convenience stores in the Republic of the Philippines.
During the same month, ITOCHU signed a memorandum of understanding for the
Avtozavodskaya power project with En+ Group Limited, which operates diversified
mining, metal and other projects in Russia. In October 2012, the company
concluded an agreement with Kryukovsky Railway Car Building Works, a major
manufacturer of railroad rolling stock in the Ukraine, to supply machinery for
95 subway cars. In September 2012, ITOCHU and Dole Food Company, Inc., signed a
definitive agreement for ITOCHU’s acquisition of Dole’s worldwide packaged
foods and Asia fresh produce businesses for $1.685 billion.In July 2012, the
company's subsidiary Itochu Electronics Corp. changed its name to ITOCHU
INTERACTIVE CORP. It has also has agreed to acquire 25% share of Agromate
Holdings Sdn Bhd, one of the largest fertilizer distributors in Malaysia. In
June 2012, the company signed an agreement with Grip International Co., Ltd.
for jointly establishing a VIVA HEART sales company in Hong Kong. VIVA HEART is
a popular brand, offering combinations of traditional, basic items, such as
polo shirts and vests of high quality. In May 2012, the company started
production of reverse osmosis membrane elements for seawater desalination at a
manufacturing plant for reverse osmosis in western Saudi Arabia, jointly
established with ACWA Holding of Saudi Arabia. It also signed an agreement with
Malaysian national oil company, PETRONAS for the development of several
petrochemical downstream projects within its proposed Refinery and
Petrochemical Integrated Development (Project RAPID) complex in the state of
Johor.
ITOCHU Corporation
(ITOCHU) is an international trading company. It offers services related to
domestic trading, import and export, and overseas trading of various products.
The company also invests in resource development and holds interests in several
oil and gas assets. It holds operational interest in various businesses such as
textile, machinery, metals, minerals, energy, chemicals, food, information and
communications technology, realty, general products, insurance, logistics
services, construction, and finance, as well as business investment in Japan
and overseas. The company operates in Japan, China, South Korea, North America,
Latin America, Africa, Middle East, Europe, Commonwealth of Independent States
(CIS) countries and Oceania. ITOCHU is headquartered in Tokyo, Japan.The
company reported revenues of (Yen) JPY 4,579,763.00 million during the fiscal
year ended March 2013, an increase of 9.11% over 2012. The operating profit of
the company was JPY 244,219.00 million during the fiscal year 2013, a decrease
of 10.42% from 2012. The net profit of the company was JPY 280,297.00 million
during the fiscal year 2013, a decrease of 6.72% from 2012.
Established in
1858, ITOCHU Corporation is an internationally integrated company with offices
in more than 80 countries, and operations that span a broad range of
industries. In 1997, ITOCHU divided its operations into independently managed
division companies. The company's divisions encompass textile; machinery;
aerospace, electronics and multimedia; energy, metals and minerals; chemicals,
forest products and general merchandise; food; and finance, reality, insurance
and logistics services. Founded by Chubei Ito more than 140 years ago, ITOCHU
commenced operations as a linen trading business. Boasting unprecedented annual
revenues, ITOCHU is placed among the world's largest corporations of virtually
any type. The company maintains its headquarters in Tokyo.
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Strategic Initiatives
Key Organizational
Changes
The company also
sells its products through departmental store, namely, FamilyMart. The
company's China Business Development Department formulates strategy for the
overall development and promotion of new businesses with the partner companies
in China. In February 2013, the company completed acquisition of Dole Food
Company, Inc., the largest producer and marketer of fresh fruits and
vegetables, located in California, the US. In January 2013, the company
completed acquisition of 33.4% stake in HyLife Group Holdings Ltd., one of
Canada’s leading pork producers.
The company’s
compound average growth rate (CAGR) for revenue during the period 2009-2013 was
at 7.58%. For the fiscal year ended March 2013, total revenue generated by the
company increased 9.1%, to JPY4,579,763m, compared to JPY4,197,525m generated
during previous fiscal year, could be attributed to growth in revenue from
segments namely, Textile, Machinery, Energy & Chemicals, and Food. Its
Textile segment reported 1% increased gross profit due to acquisition of
European apparel manufacturing and wholesale related companies, and due to
increase in apparel products transaction in Japan. Machinery segment recorded
4.1% increased gross profit due to higher automobile transactions in Europe,
and expanded automobile businesses through acquisition of related companies.
Its Energy & Chemicals segment recorded significant increase of 6.1% in
gross profit mainly due to acquisition of US related energy companies coupled
with high amount of transactions for crude oil, fuel oil and petroleum products
in the energy sector.
The company's
China Business Development Department formulates strategy for the overall
development and promotion of new businesses with the partner companies in
China. In February 2013, the company completed acquisition of Dole Food Company,
Inc., the largest producer and marketer of fresh fruits and vegetables, located
in California, the US. In January 2013, the company completed acquisition of
33.4% stake in HyLife Group Holdings Ltd., one of Canada’s leading pork
producers. HyLife conducts an integrated production from genetics, live
production and feed mill to pork processing, mainly in Manitoba.
For the fiscal
year ended March 2013, total revenue generated by the company increased 9.1%,
to JPY4,579,763m, compared to JPY4,197,525m generated during previous fiscal
year, could be attributed to growth in revenue from segments namely, Textile,
Machinery, Energy & Chemicals, and Food. Its Textile segment reported 1%
increased gross profit due to acquisition of European apparel manufacturing and
wholesale related companies, and due to increase in apparel products
transaction in Japan. Machinery segment recorded 4.1% increased gross profit
due to higher automobile transactions in Europe, and expanded automobile
businesses through acquisition of related companies. Its Energy & Chemicals
segment recorded significant increase of 6.1% in gross profit mainly due to
acquisition of US related energy companies coupled with high amount of
transactions for crude oil, fuel oil and petroleum products in the energy
sector. Besides, its Food segment revenue increased supported by higher market
prices for food materials.
Its Textile
segment reported 1% increased gross profit due to acquisition of European
apparel manufacturing and wholesale related companies, and due to increase in
apparel products transaction in Japan. Machinery segment recorded 4.1%
increased gross profit due to higher automobile transactions in Europe, and
expanded automobile businesses through acquisition of related companies. Its Energy
& Chemicals segment recorded significant increase of 6.1% in gross profit
mainly due to acquisition of US related energy companies coupled with high
amount of transactions for crude oil, fuel oil and petroleum products in the
energy sector. Besides, its Food segment revenue increased supported by higher
market prices for food materials. In fiscal 2012, the company reported
operating income of JPY244,219m and net income of JPY280,297m.
The refinery will
have a yearly production of 0.48 million tons of ultra-low sulfur diesel, 0.16
million tons of naphtha, 0.42 million tons of mixed xylene, 0.16 million tons
of jet fuel, 0.32 million tons of LPG, 0.49 million tons of reformate, 0.69
million tons of petro-coke and 0.16 million tons of sulfur at its full capacity
operation. With its 63 tanks, the total storage capacity of the refinery will
be of 1.640 million tons approximately.May 08, 2013MHI To Step Up Involvement
In Sinop Nuclear Power Plant Project In TurkeyMitsubishi Heavy Industries, Ltd.
(MHI) is poised to accelerate its involvement in a nuclear power plant (NPP)
project being forwarded in Turkey following Japan's recent acquisition of
preferential negotiating rights.During an official visit to Turkey on May 3,
2013 Shinzo Abe, Japanese prime minister, met with Recep Tayyip Erdogan,
Turkish prime minister, to discuss the Sinop NPP project. Out of this meeting
the two governments agreed to cooperate in promoting the project and developing
related industries. Designated for adoption under the Sinop project is the
'ATMEA1', a reactor developed by ATMEA, a Paris-based joint venture of MHI and
Areva SA established in 2007.
In December 2012,
the company’s wholly owned subsidiary CIECO Exploration and Production (UK)
Limited which holds working interest in Block 210/24a with Dana Petroleum
(E&P) Limited, intends to jointly develop newly discovered Harris and Barra
oil fields in the aforementioned block.FinancialsFor the fiscal year ended
2013, the Chemicals & Energy segment reported trading transaction of
JPY165.03 billion and net income of JPY23.11 billion.Key StrategiesThe
company’s strategy is to focus on new market opportunities and improve its
financial performance through achieving synergies between chemicals and energy
domain. It continues to carry out development and production in the ACG field
in the Caspian Sea region of Azerbaijan. The company plans to acquire iron ore
assets in Brazil and focuses on developing seven joint ventures in coal
production in Queensland and New South Wales in Australia.FoodThe company's
Food segment comprises three divisions and one department, namely, the
Provisions Division, Fresh Food Division, Food Products Marketing &
Distribution Division and China Business Development Department.
11 billion.Key
StrategiesThe company’s strategy is to focus on new market opportunities and
improve its financial performance through achieving synergies between chemicals
and energy domain. It continues to carry out development and production in the
ACG field in the Caspian Sea region of Azerbaijan. The company plans to acquire
iron ore assets in Brazil and focuses on developing seven joint ventures in
coal production in Queensland and New South Wales in Australia.FoodThe
company's Food segment comprises three divisions and one department, namely,
the Provisions Division, Fresh Food Division, Food Products Marketing &
Distribution Division and China Business Development Department. Its activities
range from production and distribution to retail in all areas of food from raw
materials to finished products both domestically and abroad. It operates in
North America, Asia, Australia, South America, and Europe.
to launch a
full-scaled expansion of stores for U.S. luxury brand Hunting World. Itochu
owns worldwide distribution rights for the brand in the Chinese market. In
December 2012, the company completed acquisition of Penfield trademark, an
outdoor apparel brand owned by Bennett Atlantic, Inc., to launch in Japan and
four other regions of Asia, namely, China, Hong Kong, South Korea and
Taiwan.FinancialsFor the fiscal year ended 2013, the Textile segment reported
trading transaction of JPY128.9 billion and net income of JPY31.2 billion.Key
StrategiesItochu’s strategy focuses on new market opportunities and expanding
its operations through growth oriented investments.
In December 2012,
the company completed acquisition of Penfield trademark, an outdoor apparel
brand owned by Bennett Atlantic, Inc., to launch in Japan and four other
regions of Asia, namely, China, Hong Kong, South Korea and Taiwan.FinancialsFor
the fiscal year ended 2013, the Textile segment reported trading transaction of
JPY128.9 billion and net income of JPY31.2 billion.Key StrategiesItochu’s
strategy focuses on new market opportunities and expanding its operations
through growth oriented investments. It concentrates on tapping the Chinese and
Japanese market. As part of which, it completed acquisition of European apparel
manufacturing and wholesale related companies.GlobalData uses a range of
research techniques to gather and verify its information and analysis.
2 billion.Key
StrategiesItochu’s strategy focuses on new market opportunities and expanding
its operations through growth oriented investments. It concentrates on tapping
the Chinese and Japanese market. As part of which, it completed acquisition of
European apparel manufacturing and wholesale related companies.GlobalData uses
a range of research techniques to gather and verify its information and
analysis. These include primary research, in-house knowledge and expertise,
proprietary databases, and secondary sources such as company websites, annual
reports, SEC filings and press releases. Disclaimer: No part of this
publication may be reproduced, stored in a retrieval system or transmitted in
any form by any means, electronic, mechanical, photocopying, recording or
otherwise, without the prior permission of the publisher, GlobalData.
Partnerships
Growth rate for
wind generation is also high in non-OECD countries and most of the addition is
expected to be seen in China. International Power is making swift progress
towards renewable energy generation. ITOCHU and General Electric Company (GE)
signed a collaboration and cooperation agreement to identify investment
opportunities in renewable energy, worldwide. The company along with GE has
jointly invested in the CPV Keenan II wind farm in, the US. Besides, ITOCHU
signed agreement with Duke Energy, a major US power company to collaborate in
the smart grid and renewable energy sectors
and SIAL CVS Retailers, Inc, a joint venture firm between Ayala Group and
Rustan Group, for the development and operation of FamilyMart convenience stores
in the Philippines.FinancialsFor the fiscal year ended 2013, the Food’s
segment reported trading transaction of JPY202.69 billion and its net income
amounted to JPY47.70 billion.Key StrategiesThe company’s strategy is to focus
on new market opportunities and improve its financial performance through
inorganic growth prospects. As part of which, it has acquired producer and
marketer of fresh fruits and vegetables in California; a leading pork producers
in Canada; and secured contracts to establish snacks manufacturing facility in
Indonesia. It will enable it to capture opportunities in the market, and expand
business activities.ICT, General Products & Realty CompanyThe company under
its ICT, General Products & Realty Company, operates through three divisions
namely; the Forest Products & General Merchandise Division, the ICT,
Insurance & Logistics Division, and the Construction, Realty &
Financial Business Division.
Sales and Distribution
Besides, its steel
business coordination department is focusing upon to develop synergies with
Marubeni-Itochu Steel Inc. Through this department, the company contributes
with stable supply of mineral resources to Japan.FinancialsFor the fiscal year
ended 2013, the segment reported trading transaction of JPY79.46 billion and
its net income amounted to JPY82.47 billion.Key StrategiesThe company’s
strategy is to focus on new market opportunities and improve its financial
performance through achieving synergies between natural resource development
and trade. Some of the key initiatives taken by the company in previous fiscal
year include acquisition of 15% interest in the Maules Creek Coal Project;
participation in a shale oil development project in Niobrara Shale Oil Project,
the US; establishment of Dalian New Green Recycle & Resources Corporation
and integrated recycling operations; and participation and investment in
downstream petroleum products business in Guam and Saipan.TextileThe company's
Textile segment consists of four divisions, namely, the Textile Material and
Fabric division, the Apparel division, the Brand Marketing division 1, and the
Brand Marketing division 2.
This will enable
for business growth through ITOCHU's strong overseas sales networks and high
brand awareness of the TOYO with technological support of Mazda. The same
month, it acquired the trademark for five regions in Asia for the compression
wear SKINS brand, owned by SKINS Global Holding AG. The company plans to
increase the sales from the brands to JPY10 billion by fiscal 2017. ITOCHU also
acquired 24.9% interest in METSA FIBRE Oy (METSA FIBRE), owned by METSA GROUP.
METSA FIBRE is a leading softwood pulp producers in the world and sells in teh
European and Asian markets.
and Nippon Access, Inc, distribute commercial products including processed
foods, confectionery and pet foods to various sales channels, including volume
sellers, convenience stores, department stores, general retailers, drug stores
and DIY centers. The company also sells its products through departmental
store, namely, FamilyMart. The company's China Business Development Department
formulates strategy for the overall development and promotion of new businesses
with the partner companies in China. In February 2013, the company completed
acquisition of Dole Food Company, Inc., the largest producer and marketer of
fresh fruits and vegetables, located in California, the US. In January 2013,
the company completed acquisition of 33.4% stake in HyLife Group Holdings Ltd.
46 billion and its
net income amounted to JPY82.47 billion.Key StrategiesThe company’s strategy
is to focus on new market opportunities and improve its financial performance
through achieving synergies between natural resource development and trade.
Some of the key initiatives taken by the company in previous fiscal year
include acquisition of 15% interest in the Maules Creek Coal Project;
participation in a shale oil development project in Niobrara Shale Oil Project,
the US; establishment of Dalian New Green Recycle & Resources Corporation
and integrated recycling operations; and participation and investment in
downstream petroleum products business in Guam and Saipan.TextileThe company's
Textile segment consists of four divisions, namely, the Textile Material and
Fabric division, the Apparel division, the Brand Marketing division 1, and the
Brand Marketing division 2. The apparel division offers full range of apparel
products for men and women.
|
|
Helpful |
Harmful |
|
Internal Origin |
Strengths ·
Growth
Prospects: Operational Performance |
Weaknesses |
|
External Origin |
Opportunities ·
Positive
Renewable Energy Market |
Threats |
Overview
ITOCHU Corporation
(ITOCHU) is a global trading company. The company conducts in several business
activities across the world. A diversified business and strong financial
performance enables the company to strengthen its market position. Declined
segmental performance and debt obligations are cause of concern for the company
to look upon. Nevertheless, it can utilize opportunity arising from new joint
ventures and partnerships coupled with growth trends in the market, will enable
it strengthen business activities. However, rigorous laws and regulations and
volatile economic conditions could pose a challenges for the company.
Strengths
Growth Prospects: Operational Performance
Steady growth in
revenue performance reflects ITOCHU’s focused business activities. The
company’s compound average growth rate (CAGR) for revenue during the period
2009-2013 was at 7.58%. For the fiscal year ended March 2013, total revenue
generated by the company increased 9.1%, to JPY4,579,763m, compared to
JPY4,197,525m generated during previous fiscal year, could be attributed to
growth in revenue from segments namely, Textile, Machinery, Energy &
Chemicals, and Food. Its Textile segment reported 1% increased gross profit due
to acquisition of European apparel manufacturing and wholesale related
companies, and due to increase in apparel products transaction in Japan.
Machinery segment recorded 4.1% increased gross profit due to higher automobile
transactions in Europe, and expanded automobile businesses through acquisition
of related companies. Its Energy & Chemicals segment recorded significant
increase of 6.1% in gross profit mainly due to acquisition of US related energy
companies coupled with high amount of transactions for crude oil, fuel oil and
petroleum products in the energy sector. Besides, its Food segment revenue
increased supported by higher market prices for food materials. In fiscal 2012,
the company reported operating income of JPY244,219m and net income of
JPY280,297m. Such improvement in financial performance strengthens its
financial position.
Strategically Located Energy Assets
ITOCHU’s oil and
gas properties are strategically located in some of the potential oil and gas
basins. ITOCHU holds minority interest of 4.3% in oil and gas assets in
Azerbaijan, Russia (Sakhalin), Algeria, the North Sea, and Australia. The
company has interest in the Azeri–Chirag–Guneshli (ACG) oil fields in the
Caspian Sea in Azerbaijan. It has estimated reserves of around 5.4 billion
barrels. The ACG fields include Chirag oil field, the Central Azeri oil field,
the Western Azeri oil field and the Eastern Azeri oil field. These fields
presently produce more than 800,000 barrels a day. ITOCHU is also involved in
the planning of Sakhalin I (Sakhalin) oil and gas development project on
Sakhalin, through its shareholding in Sakhalin Oil and Gas Development Co.,
Ltd. The Sakhalin project is the supply source that is closest in range to
Japan. ITOCHU also produces natural gas, through LNG projects in Qatar and
Oman. The company trades crude oil and petroleum products through its
subsidiary ITOCHU Petroleum Company, worldwide. It also signed an agreement
with a US-based oil and natural gas company Fiedlity Exploration &
Production Company (Fidelity) and acquired 25% share in Fidelity's DJ Basin
Niobrara play to participate in shale oil development. Such assets and project
diversification helps the company in exploring further business opportunities.
Business Diversity
ITOCHU is an
international trading company and has business operations worldwide. The
company's business activities range from raw materials trading of textiles to
finished products, including fashion and non-fiber materials. The company
exports and imports small to medium scal plants, third party car parts,
commercial vehicles, wholesale industry nutritional supplements, health foods
machinery, textile machinery, medical equipment and materials, aircraft,
aircraft part, and related equipment, among others. The company is also active
in the supply chain including operation of large-scale alumina and iron ore
projects, development of mineral resources including rare metals and base
metals, and also trades in steel products and other non-ferrous metal products.
The company also supports critical operations of electric power and develops
coal and uranium mines and trades on a global scale. It also offers a wide
range of industrial materials and consumer goods, such as pulp, paper, rubber,
building materials, ceramics materials tires and footwear as well as carries
basic chemicals, synthetic fiber raw materials, synthetic resins, electronic
materials, and pharmaceuticals. It procures a wide varieties of foodstuffs from
North America, Central and South America, Asia and Australia to third party
countries such as Japan and Asia. The company also engages in real estate
development, Private Finance Initiative (PFI) projects, construction equipment
and materials trading. Such business diversity enables to diversify its revenue
generation capacity.
Weaknesses
Substantial Debt
The company
reported highly leveraged capital structure, which could affect its expansion
and growth plans. Up to the end of fiscal 2013, the company reported total debt
obligation of JPY3,110,797m, consisting of long term borrowings and drawings
from financial institutions. Of the total debt obligation, it has 8.3%
increased long term debt component of JPY2,447,868m in 2013. It has short term
debts and accounts payable of JPY616,265m in 2013, as compared to JPY589,386m
in 2012. As a result, the company reported debt to equity ratio of 176.21% and
debt to capital ratio of 0.67% for fiscal year ended March 2013. The company
incurred this debt to meet its working capital and capital expenditure needs.
If it fails to comply with any of the debt service requirements, the debt could
become due and payable prior to its scheduled maturity. Any reduction in
revenue and operating cash flows could hinder the company’s ability to repay
interest and principal, resulting in default. Hence, such huge debt increases
the financial burden on the company, limiting the availability of cash for its
growth.
Declined Segment Performance
The company
recorded a decline in its segments operational performance for fiscal year
2012. Its Metal & Minerals business; and ICT, General Products & Realty
business segment recorded decline of 35.2% and 3.3%, respectively, in 2012.
Declined performance in Metal & Minerals business was mainly due to falls
in prices of iron-ore, coal and scrap iron. Besides, it ICT, General Products
& Realty businesses was lowered due to slumping market prices for natural
rubber and condominiums. Such decline in operational performance hampered the
company's growth and expansion plans. As a result, its overall profitability
ratios deteriorated indicating Itochu’s underperformance and inability to
deliver value as expected by its shareholders. In 2013, the company recorded
considerable decline in its various profitability indicators. The company's
operating margin was 5.33% for fiscal year 2013 as compared to 6.5% in 2012.
Its return on capital employed, return on assets and return on working capital
were 5.26%, 3.94% and 22.61% in 2012 as compared to 6.72%, 4.62% and 29.35%,
respectively in 2012.
Opportunities
Strategic Restructuring
Strategic
restructuring by ITOCHU is aimed to further strengthen its business operations.
Since April 2012, the company changed its organizational structure. The new
organizational structure is aimed at creating a balanced management. Under the
new structure, present five Division Companies are restructured into six
Division Companies to help ITOCHU revise its organization to an appropriate
size. The company restructured its ICT & Machinery Company, Forest Products
& General Merchandise Company, and Energy, Metals & Minerals Company
and Chemicals,. After the restructuring, the organizational structure includes
Machinery Company, Metals & Minerals Company, General Products & Realty
Company, and Energy & Chemicals Company and ICT. Besides, it established
ICT, General Products & Realty Company, which comprises Construction &
Realty Division, the Financial & Insurance Services Department and the
Logistics Services Department, which earlier were not part to any of the
Division Companies. This provides immense scope to ITOCHU to expand its
business.
Positive Renewable Energy Market
The favorable
macro-economic trends have drawn attention of several governments across the
globe towards renewable energy sources. ITOCHU could capitalize the
opportunities provided by several countries worldwide in renewable energy.
Raising concerns on environment pollution with conventional sources has
triggered immense importance to develop renewable energy infrastructure.
According to Energy Information Administration (EIA) 2011 energy outlook report
for the forecast period 2008-2035, total renewable generation worldwide is
expected to increase 3.1% annually, and its share in the global electricity
generation is expected to grow from 19% in 2008 to 23% in 2035. During the
forecast period, electricity generation from hydro and wind is expected to grow
by 82%. According to EIA projections for the period 2008-2035, world renewable
energy generation is forecast to grow at an annual average rate of 3.1%, from
3,662 gigawatt hours (GWh) in 2008 to 8,232 GWh in 2035. In Organization for
Economic Co-operation and Development (OECD) countries, total electricity
generation from renewable sources is expected to increase at an annual rate of
2.2% during the forecast period, growing from 1,778 GWh in 2008 to 3,236 GWh in
2035. In non-OECD countries, renewable generation is expected to grow 3.7%
annually during the forecast period, growing from 1,884 GWh in 2008 to 4,995
GWh in 2035. In OECD countries most renewable energy addition is expected to
come from non-hydroelectric sources, particularly from wind and biomass. This
is supported by favorable government policies. In many OECD countries,
particularly in Europe, presence of government policies, such as tax
incentives, feed-in tariffs (FITs) and market share quotas encourage the
construction of renewable electricity facilities. Considering, non-OECD countries,
power generation from hydroelectric source is expected to be the predominant
source that will lead growth in renewable electricity. A strong growth in
hydroelectric generation is expected to be seen in China, India, Brazil, and
several nations in Southeast Asia. Growth rate for wind generation is also high
in non-OECD countries and most of the addition is expected to be seen in China.
International Power is making swift progress towards renewable energy
generation. ITOCHU and General Electric Company (GE) signed a collaboration and
cooperation agreement to identify investment opportunities in renewable energy,
worldwide. The company along with GE has jointly invested in the CPV Keenan II
wind farm in, the US. Besides, ITOCHU signed agreement with Duke Energy, a
major US power company to collaborate in the smart grid and renewable energy
sectors. The company’s focus on renewable energy sector will secure its
supply, climate protection and economic efficiency.
Acquisitions and Expansion Initiatives
ITOCHU aims at
enhancing its business growth through strategic acquisitions and expansion
initiatives. In December 2012, the company signed an exclusive acquisition
agreement with Dole Food Company, Inc., to acquire the Asia fresh produce
business and the worldwide packaged foods business of Dole through Dole International
Holdings Co., Ltd., which was established by ITOCHU in October 2012. The
transaction value is $1.685 billion. In July 2012, the company agreed to
acquire 25% share of Agromate Holdings Sdn Bhd, one of the largest fertilizer
distributors in Malaysia. In June 2012, the company signed an agreement with
Grip International Co., Ltd. for jointly establishing a VIVA HEART sales
company in Hong Kong. VIVA HEART is a popular brand, offering combinations of
traditional, basic items, such as polo shirts and vests of high quality. In May
2012, the company signed an agreement with Capstone Infrastructure Corporation
to share with Capstone a 70% interest in Bristol Water, a supplier of water to
the city of Bristol and surrounding regions. ITOCHU will hold around 20%
shareholding in Bristol Water. In April 2012, ITOCHU signed an agreement with
Mazda Motor Corporation to acquire majority interest in Toyo Advanced
Technologies Co., Ltd. a wholly owned subsidiary of Mazda. This will enable for
business growth through ITOCHU's strong overseas sales networks and high brand
awareness of the TOYO with technological support of Mazda. The same month, it
acquired the trademark for five regions in Asia for the compression wear SKINS
brand, owned by SKINS Global Holding AG. The company plans to increase the
sales from the brands to JPY10 billion by fiscal 2017. ITOCHU also acquired
24.9% interest in METSA FIBRE Oy (METSA FIBRE), owned by METSA GROUP. METSA
FIBRE is a leading softwood pulp producers in the world and sells in teh
European and Asian markets. ITOCHU also plans to expand its snack business in
China. It is constructing a new factory, which is expected to come to operation
by the end of 2012. The establishment will enable the company to tap the CNY150
billion snack market, which is expected to grow 10% annually. Such acquisitions
and expansions would help ITOCHU to strengthen its global market position.
Strategic Agreements
Strategic
agreements provide growth opportunities for ITOCHU in its business operations.
In May 2013, the company as part of a consortium consisting of Tecnicas
Reunidas, S.A (Spain), Saipem S.p.A. (Italy) and GS Engineering &
Construction Corporation (South Korea) secured an order contract to construct
an oil refinery from STAR Rafineri A.S in Turkey. In April 2013, the company
along with Sita UK, subsidiary of Suez Environement, and Sembcorp Utilities
(UK) has been selected for a resource recovery contract worth of €1.18
billion for over 30 years with the Merseyside Recycling and Waste Authority.
The contract is to manage 450,000 tonnes of residual household waste each year
for over 30 years. In April 2013, the company through joint venture company,
SITA Cornwall Holdings Limited entered into a variation of contract with
Cornwall Council, which adds and includes construction and operation of energy
from waste facility of 240,000 tonnes per year, to generate electricity for the
equivalent of 21,000 homes. In April 2013, the company along with Kyushu
Electric Power Company Incorporated, PT Medco Power Indonesia and Ormat
Technologies, Inc. entered into a 30 year power purchase agreement through the
investment subsidiaries owned by each of the companies and jointly established
operating company, Sarulla Operations Ltd. Besides, in December 2012, the company
announced that it will work in partnership with Goldstone Development Ltd., to
launch a full-scale expansion of stores for U.S. luxury brand Hunting World, of
which it owns worldwide distribution rights, in the Chinese market. In November
2012, the company concluded a joint venture contract with FamilyMart Co., Ltd.
and SIAL CVS Retailers, Inc., for the development and operation of FamilyMart
convenience stores in the Republic of the Philippines. In May 2012, the company
signed a Heads of Agreement with Petronas, Malaysian national oil company to
develop a number of petrochemical downstream projects in the proposed Refinery
and Petrochemical Integrated Development (Project RAPID) complex in Malaysia.
In March 2012, ITOCHU signed an agreement with Lotus Alloy Co., Ltd. to jointly
conduct research on lotus-type porous metals, market surveys and implement the
technology in diverse industry applications. In March 2012, a consortium
including ITOCHU, Hitachi, Ltd. and Hyflux Ltd. signed a co-developer agreement
with Dahej SEZ Ltd. (DSL), in Gujarat to implement a seawater desalination
project in Dahej SEZ. In December 2011, ITOCHU along with Kuraray Co., Ltd.
(Kuraray) declared to jointly develop and commercialize hard carbon for
lithium-ion secondary batteries Under the agreement terms, Kuraray will provide
human resources and capital to Kureha Battery Materials Japan Co., Ltd. (KBMJ),
a joint venture between Kureha and ITOCHU to manufacture and market battery
materials, Besides, under the agreement terms KBMJ and Kuraray Chemical Co.,
Ltd. will form a manufacturing joint venture to engage in mass production and
supply of lithium-ion secondary batteries with an annual production capacity of
1,000 tons by 2013. Earlier in October 2011, ITOCHU, Electric Power Development
Co., Ltd. (J-POWER), and PT Adaro Power, Adaro) signed a long-term Power
Purchase Agreement (PPA) to construct a coal-fired power plant with total
installed power generation capacity of 2,000 megawatt (MW) in the province of
Central Java to provide electricity to PLN for a 25-year period. In September
2011, ITOCHU along with IHI Infrastructure Systems Co., Ltd. (IIS) received an
engineering procurement (EPC) contract for Izmit Bay Bridge construction work.
Earlier in August 2011, ITOCHU and Omron Colin Co., Ltd., a medical equipment
sales company of Omron Healthcare Co., Ltd., signed a sales contract to jointly
promote medical equipment and services in the field of preventive medicine.
Besides, ITOCHU entered into several such agreements aimed at strengthening its
business.
Opportunities in
China and India
The increasing
consumption of iron ore and coal in Indian and Chinese markets creates huge
opportunity for ITOCHU. As population and industries grow in India and China,
so does the demand for iron ore and coal in both these countries. The pace of
industrialization in China and India and other Asian countries are expected to
keep global demand for these commodities high in coming years. Increasing
investments in emerging markets, particularly in China and India provides
growth opportunities for the company. According to industry estimates,
infrastructure investments are expected to increase sharply in emerging
markets. With a population of more than 1 billion, China and India’s
infrastructure needs are massive. With rapid urbanization in these two
countries, China and India are expected to spend close to $803.5 billion for
infrastructure projects by 2012. China announced in 2008, its intention to
spend $540 billion towards its infrastructure needs over the next few years,
according to the International Federation of Consulting Engineers (FIDIC). The
Indian Prime Minister also declared to invest $1 trillion towards
infrastructure during the 12th Plan (2012-17), which would double the current
plan figure. The share of spend on transportation (roads, railways, ports and
airports), which stood 33% of total infrastructure spend in the 11th Plan, is
expected to double in the 12th plan, and could be approximately $1,000 billion,
against $500 billion. Brazil also intends to spend about BRL67.8 billion on
infrastructure. Besides, the steel production in China and Japan has risen
rapidly. The average steel production in china stands up at 1.9 MT in 2011 than
1.7 MT in 2010. In addition The Chinese import of the Iron Ore is expected to
jump by33% in 2012. Such a promising growth prospect would open new growth
avenues for the company. This gives the company opportunity to expand its
operations in countries like China and India where the demand for iron ore and coal
is high and which will help the company to further, create global presence,
target large number of customers and increase its profit margin. So, the
company has opportunity to explore and develop selected mining projects as well
as provide integrated procurement, marketing and infrastructure services in
such countries which can increase the demand for its products.
Threats
Environment
Regulations
The changing
environment regulations could have a major impact on the company’s business.
Its operations and are subject to wide range of laws, regulations and
standards, which includes those relating to the health, pollution and safety of
employees, protection of the environment, protection of the public and the
storage and handling of hazardous substances and waste materials. The company
has to comply with regulatory standards in operations and manufacturing, as
followed in various countries of its operations. The company has to ensure that
it meets customer requirements, controls costs and minimizes business impact
while complying with such regulations. Concern for environment led to constant
changes in the regulations governing construction processes and material
utilization. Non-compliance with the process or materials used could result in
huge penalties and fines that could affect the revenue and goodwill of the
company.
Risk from International Operations
ITOCHU conducts
engages in various projects in various regions across the world and such
operations are exposed to various levels of political, regulatory risks and
uncertainties. These risks and uncertainties vary from country to country and
includes extreme fluctuations in currency exchange rates, high rates of
inflation, labor unrest, the risks of war or civil unrest, nationalization,
renegotiation or nullification of existing concessions, licenses, permits and
contracts, changes in taxation policies, restrictions on foreign exchange and
repatriation and changing political conditions, currency controls, and
governmental regulations. Moreover, business operations in emerging markets
involve risks that are not encountered in countries with more established
economic and political systems. Such issues can affect the project operations
of the company and may cause significant costs being incurred in the process.
The company is involved in several projects, which are under various phases of
development and any such change in the policies may lead to incurring high
expenses. Such high expenses could adversely affect the profitability and the
results of operations of the company and pose a threat to its operations.
Global Economic Slowdown and Market Dynamics
ITOCHU could face
several challenges due to global economic slowdown. IMF in its April 2012
outlook revised world economic growth to 3.25% for 2012, compared to its
September 2011 estimate of 4%. IMF in its report also mentions that during
2013, the world economy is expected to improve to 4.1%. However, weak economic
situation in Europe, and high unemployment levels in a number of advanced
economies will continue to affect the global economy. The US is also expected
to record moderate growth of 2.1% and 2.5% in 2012 and 2013, respectively due
to the ongoing economic consolidation and weakness in housing prices. In
Europe, GDP growth is expected to contract in the first half of 2012 and
expected to recover thereafter. But Spain, Italy, Greece, and Portugal are
expected to start recover only in 2013. Besides, emerging Europe's growth is
expected to decline to 1.9% in 2012. As a result, during 2012 and 2013, Europe
would record a growth of around 0.2% and 1.4%, respectively. Besides, due to
the economic slowdown, WTI crude oil price declined from over $100 at the
beginning of April 2011 to less than $80 in October 2011. Also, due to
political issues in Middle East price of crude oil again increased to more than
$100 by the end of March 2012. Also, in 2011, Japan's economy was affected due
to Great East Japan Earthquake. The sluggish economic growth could cause some
of the company’s customers unable to fully comply with the terms of their
purchase agreements.
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Corporate Family |
Corporate
Structure News: |
|
|
Itochu
Corp |
|
Itochu Corp |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Minato-Ku |
Japan |
Food Processing |
55,197.5 |
77,513 |
|
|
|
Asset/product
line purchase by NEC Corp proposed/announced.See corporate
structure news on
Itochu Corp for details |
|||||||
|
Subsidiary |
Chiyoda-Ku |
Japan |
Computer Networks |
3,886.6 |
7,659 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Hardware |
|
138 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Computer Services |
|
|
|
|
|
Subsidiary |
Sutton In Ashfield |
United Kingdom |
Business Services |
209.5 |
6,257 |
|
|
|
Subsidiary |
Sutton In Ashfield |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Sutton In Ashfield |
United Kingdom |
Apparel and Accessories |
151.6 |
258 |
|
|
|
Subsidiary |
Quatre Bornes |
Mauritius |
Apparel and Accessories |
|
750 |
|
|
|
Subsidiary |
Sutton In Ashfield |
United Kingdom |
Apparel and Accessories |
16.0 |
28 |
|
|
|
Subsidiary |
Strabane |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Strabane |
United Kingdom |
Apparel and Accessories |
36.6 |
24 |
|
|
|
Subsidiary |
New York, NY |
United States |
Apparel and Accessories |
15,700.0 |
4,671 |
|
|
|
Subsidiary |
Irving, TX |
United States |
Construction - Supplies and Fixtures |
554.6 |
1,615 |
|
|
|
Branch |
Tampa, FL |
United States |
Construction - Supplies and Fixtures |
12.8 |
150 |
|
|
|
Branch |
Fontana, CA |
United States |
Construction - Supplies and Fixtures |
13.4 |
80 |
|
|
|
Branch |
Olney, IL |
United States |
Forestry and Wood Products |
10.2 |
50 |
|
|
|
Division |
Saint Laurent, QC |
Canada |
Miscellaneous Fabricated Products |
|
40 |
|
|
|
Branch |
West Chicago, IL |
United States |
Construction - Supplies and Fixtures |
38.4 |
30 |
|
|
|
Branch |
Ashland, VA |
United States |
Construction - Supplies and Fixtures |
26.6 |
22 |
|
|
|
Branch |
Atlanta, GA |
United States |
Construction Services |
7.2 |
22 |
|
|
|
Branch |
Clayton, NC |
United States |
Construction - Supplies and Fixtures |
14.6 |
12 |
|
|
|
Branch |
Westland, MI |
United States |
Construction - Supplies and Fixtures |
13.8 |
12 |
|
|
|
Branch |
Little Rock, AR |
United States |
Construction Services |
3.0 |
12 |
|
|
|
Branch |
Miami, FL |
United States |
Miscellaneous Fabricated Products |
2.0 |
12 |
|
|
|
Branch |
Lubbock, TX |
United States |
Construction - Supplies and Fixtures |
14.9 |
11 |
|
|
|
Branch |
Ronkonkoma, NY |
United States |
Construction - Supplies and Fixtures |
14.1 |
11 |
|
|
|
Branch |
Phoenix, AZ |
United States |
Construction - Supplies and Fixtures |
14.0 |
11 |
|
|
|
Branch |
Oklahoma City, OK |
United States |
Construction Services |
3.1 |
11 |
|
|
|
Branch |
St Charles, MO |
United States |
Construction - Supplies and Fixtures |
2.9 |
11 |
|
|
|
Branch |
Austin, TX |
United States |
Construction - Supplies and Fixtures |
13.5 |
10 |
|
|
|
Branch |
Fairless Hills, PA |
United States |
Construction - Supplies and Fixtures |
12.3 |
10 |
|
|
|
Branch |
Kansas City, MO |
United States |
Construction - Supplies and Fixtures |
11.9 |
10 |
|
|
|
Branch |
Fairfield, OH |
United States |
Construction - Supplies and Fixtures |
11.6 |
10 |
|
|
|
Branch |
Blaine, MN |
United States |
Construction - Supplies and Fixtures |
11.5 |
10 |
|
|
|
Branch |
Scranton, PA |
United States |
Miscellaneous Fabricated Products |
2.0 |
10 |
|
|
|
Branch |
Sacramento, CA |
United States |
Miscellaneous Fabricated Products |
1.9 |
10 |
|
|
|
Branch |
Kent, WA |
United States |
Miscellaneous Capital Goods |
18.0 |
8 |
|
|
|
Branch |
Houston, TX |
United States |
Construction - Supplies and Fixtures |
10.8 |
8 |
|
|
|
Branch |
Ankeny, IA |
United States |
Construction - Supplies and Fixtures |
8.8 |
8 |
|
|
|
Branch |
Spokane Valley, WA |
United States |
Miscellaneous Fabricated Products |
1.8 |
8 |
|
|
|
Branch |
Fresno, CA |
United States |
Construction - Supplies and Fixtures |
9.4 |
7 |
|
|
|
Branch |
Albuquerque, NM |
United States |
Construction - Supplies and Fixtures |
8.7 |
7 |
|
|
|
Branch |
Charlotte, NC |
United States |
Construction - Supplies and Fixtures |
8.5 |
7 |
|
|
|
Branch |
Mobile, AL |
United States |
Construction - Supplies and Fixtures |
8.3 |
7 |
|
|
|
Branch |
Milwaukee, WI |
United States |
Construction - Supplies and Fixtures |
7.8 |
7 |
|
|
|
Branch |
Rocky Hill, CT |
United States |
Construction Services |
3.6 |
7 |
|
|
|
Branch |
San Antonio, TX |
United States |
Miscellaneous Fabricated Products |
2.6 |
7 |
|
|
|
Branch |
Webberville, TX |
United States |
Construction Services |
2.3 |
7 |
|
|
|
Branch |
Memphis, TN |
United States |
Construction - Supplies and Fixtures |
7.2 |
6 |
|
|
|
Branch |
Salt Lake City, UT |
United States |
Miscellaneous Fabricated Products |
1.1 |
6 |
|
|
|
Branch |
Auburn, NH |
United States |
Miscellaneous Fabricated Products |
0.8 |
6 |
|
|
|
Branch |
El Paso, TX |
United States |
Miscellaneous Capital Goods |
17.1 |
5 |
|
|
|
Branch |
El Cajon, CA |
United States |
Construction - Supplies and Fixtures |
13.4 |
5 |
|
|
|
Branch |
Hayward, CA |
United States |
Electronic Instruments and Controls |
6.8 |
5 |
|
|
|
Branch |
Jacksonville, FL |
United States |
Construction - Supplies and Fixtures |
6.4 |
5 |
|
|
|
Branch |
Orlando, FL |
United States |
Construction - Supplies and Fixtures |
6.4 |
5 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Construction - Supplies and Fixtures |
5.8 |
5 |
|
|
|
Branch |
Fort Worth, TX |
United States |
Miscellaneous Fabricated Products |
1.1 |
3 |
|
|
|
Branch |
Columbus, OH |
United States |
Miscellaneous Fabricated Products |
0.6 |
3 |
|
|
|
Subsidiary |
New York, NY |
United States |
Textiles - Non Apparel |
170.0 |
150 |
|
|
|
Subsidiary |
Santa Fe Springs, CA |
United States |
Construction - Supplies and Fixtures |
12.8 |
110 |
|
|
|
Subsidiary |
Tijuana, Baja California |
Mexico |
Business Services |
|
35 |
|
|
|
Subsidiary |
Raleigh, NC |
United States |
Appliance and Tool |
|
100 |
|
|
|
Branch |
Raleigh, NC |
United States |
Consumer Financial Services |
|
4 |
|
|
|
Branch |
Hamburg, NY |
United States |
Rental and Leasing |
1.1 |
3 |
|
|
|
Branch |
Nashville, TN |
United States |
Business Services |
0.4 |
3 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Rental and Leasing |
0.3 |
1 |
|
|
|
Subsidiary |
Irving, TX |
United States |
Construction - Supplies and Fixtures |
|
100 |
|
|
|
Subsidiary |
Medley, FL |
United States |
Miscellaneous Capital Goods |
29.2 |
300 |
|
|
|
Branch |
Anaheim, CA |
United States |
Construction - Supplies and Fixtures |
30.6 |
150 |
|
|
|
Branch |
Santa Fe Springs, CA |
United States |
Construction - Supplies and Fixtures |
30.6 |
100 |
|
|
|
Branch |
Carrollton, TX |
United States |
Retail (Home Improvement) |
4.1 |
100 |
|
|
|
Subsidiary |
San Leandro, CA |
United States |
Construction - Supplies and Fixtures |
38.9 |
61 |
|
|
|
Branch |
New Brunswick, NJ |
United States |
Construction - Supplies and Fixtures |
30.7 |
60 |
|
|
|
Branch |
West Bridgewater, MA |
United States |
Construction - Supplies and Fixtures |
27.7 |
60 |
|
|
|
Branch |
Waterbury, CT |
United States |
Construction - Supplies and Fixtures |
60.3 |
40 |
|
|
|
Branch |
Florence, KY |
United States |
Construction - Supplies and Fixtures |
39.9 |
30 |
|
|
|
Branch |
New Orleans, LA |
United States |
Construction - Supplies and Fixtures |
27.7 |
30 |
|
|
|
Branch |
Strongsville, OH |
United States |
Construction - Supplies and Fixtures |
15.0 |
30 |
|
|
|
Branch |
Houston, TX |
United States |
Construction - Supplies and Fixtures |
43.4 |
28 |
|
|
|
Branch |
Springfield, MO |
United States |
Construction - Supplies and Fixtures |
34.2 |
25 |
|
|
|
Branch |
Atlanta, GA |
United States |
Miscellaneous Fabricated Products |
49.2 |
20 |
|
|
|
Branch |
Tacoma, WA |
United States |
Construction - Supplies and Fixtures |
32.1 |
20 |
|
|
|
Branch |
Puyallup, WA |
United States |
Construction - Supplies and Fixtures |
32.1 |
20 |
|
|
|
Branch |
San Antonio, TX |
United States |
Construction - Supplies and Fixtures |
31.0 |
20 |
|
|
|
Branch |
New York, NY |
United States |
Construction - Supplies and Fixtures |
29.3 |
20 |
|
|
|
Branch |
West Valley, UT |
United States |
Construction - Supplies and Fixtures |
29.1 |
20 |
|
|
|
Branch |
Oklahoma City, OK |
United States |
Construction - Supplies and Fixtures |
28.5 |
20 |
|
|
|
Branch |
Denver, CO |
United States |
Construction - Supplies and Fixtures |
28.5 |
20 |
|
|
|
Branch |
Duxbury, MA |
United States |
Construction - Supplies and Fixtures |
27.7 |
20 |
|
|
|
Branch |
Lebanon, TN |
United States |
Construction - Supplies and Fixtures |
27.4 |
20 |
|
|
|
Branch |
Springfield, MO |
United States |
Construction - Supplies and Fixtures |
27.3 |
20 |
|
|
|
Branch |
Montgomery, AL |
United States |
Construction - Supplies and Fixtures |
27.2 |
20 |
|
|
|
Subsidiary |
Kansas City, MO |
United States |
Advertising |
4.4 |
19 |
|
|
|
Branch |
Montgomery, AL |
United States |
Construction - Supplies and Fixtures |
24.5 |
18 |
|
|
|
Branch |
Columbia, SC |
United States |
Construction - Supplies and Fixtures |
23.9 |
18 |
|
|
|
Branch |
Guilderland Ctr, NY |
United States |
Construction - Supplies and Fixtures |
22.0 |
15 |
|
|
|
Branch |
Rochester, NY |
United States |
Construction - Supplies and Fixtures |
22.0 |
15 |
|
|
|
Branch |
Orlando, FL |
United States |
Construction - Supplies and Fixtures |
21.9 |
15 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Construction - Supplies and Fixtures |
20.1 |
15 |
|
|
|
Branch |
Phoenix, AZ |
United States |
Construction - Supplies and Fixtures |
17.5 |
12 |
|
|
|
Branch |
Rogers, MN |
United States |
Construction - Supplies and Fixtures |
15.8 |
12 |
|
|
|
Branch |
Taylor, MI |
United States |
Construction - Supplies and Fixtures |
15.7 |
12 |
|
|
|
Branch |
Jacksonville, FL |
United States |
Construction - Supplies and Fixtures |
29.2 |
5 |
|
|
|
Subsidiary |
Charlotte, NC |
United States |
Miscellaneous Capital Goods |
71.0 |
50 |
|
|
|
Branch |
San Diego, CA |
United States |
Miscellaneous Capital Goods |
13.5 |
5 |
|
|
|
Branch |
Acton, MA |
United States |
Electronic Instruments and Controls |
6.1 |
5 |
|
|
|
Branch |
Lauderhill, FL |
United States |
Retail (Specialty) |
0.2 |
2 |
|
|
|
Subsidiary |
White Plains, NY |
United States |
Chemical Manufacturing |
69.8 |
50 |
|
|
|
Branch |
Greenville, SC |
United States |
Chemical Manufacturing |
4.2 |
100 |
|
|
|
Branch |
Houston, TX |
United States |
Chemical Manufacturing |
19.7 |
6 |
|
|
|
Branch |
Farmington Hills, MI |
United States |
Chemical Manufacturing |
19.3 |
6 |
|
|
|
Branch |
Long Beach, CA |
United States |
Chemical Manufacturing |
30.7 |
5 |
|
|
|
Branch |
Mullica Hill, NJ |
United States |
Engineering Consultants |
1.1 |
5 |
|
|
|
Subsidiary |
Rohnert Park, CA |
United States |
Electric Utilities |
|
45 |
|
|
|
Branch |
Rohnert Park, CA |
United States |
Construction Services |
1.0 |
15 |
|
|
|
Branch |
Sacramento, CA |
United States |
Construction - Supplies and Fixtures |
2.4 |
9 |
|
|
|
Branch |
Cranbury, NJ |
United States |
Miscellaneous Capital Goods |
6.7 |
5 |
|
|
|
Subsidiary |
Corona, CA |
United States |
Miscellaneous Capital Goods |
6.7 |
5 |
|
|
|
Subsidiary |
Washington, DC |
United States |
Miscellaneous Capital Goods |
5.0 |
5 |
|
|
|
Subsidiary |
Hatfield, PA |
United States |
Construction and Agriculture Machinery |
75.0 |
35 |
|
|
|
Subsidiary |
El Segundo, CA |
United States |
Aerospace and Defense |
|
30 |
|
|
|
Branch |
Wichita, KS |
United States |
Miscellaneous Transportation |
9.1 |
3 |
|
|
|
Branch |
Arlington, VA |
United States |
Miscellaneous Transportation |
5.9 |
3 |
|
|
|
Branch |
Irving, TX |
United States |
Miscellaneous Transportation |
20.1 |
1 |
|
|
|
Subsidiary |
Los Angeles, CA |
United States |
Business Services |
|
30 |
|
|
|
Branch |
Carson, CA |
United States |
Business Services |
3.8 |
2 |
|
|
|
Subsidiary |
Olive Branch, MS |
United States |
Chemical Manufacturing |
|
25 |
|
|
|
Subsidiary |
Overland Park, KS |
United States |
Business Services |
2.8 |
17 |
|
|
|
Branch |
Washington, DC |
United States |
Miscellaneous Capital Goods |
22.2 |
11 |
|
|
|
Subsidiary |
New York, NY |
United States |
Construction - Supplies and Fixtures |
172.0 |
10 |
|
|
|
Subsidiary |
Elgin, IL |
United States |
Food Processing |
|
8 |
|
|
|
Subsidiary |
Cleveland, OH |
United States |
Miscellaneous Capital Goods |
72.0 |
7 |
|
|
|
Subsidiary |
Lansing, MI |
United States |
Miscellaneous Capital Goods |
380.3 |
186 |
|
|
|
Enprotech
Mechanical Services, Inc. - Verson, Danly & NSD Parts |
Division |
Lansing, MI |
United States |
Miscellaneous Capital Goods |
9.2 |
689 |
|
|
Branch |
Cleveland, OH |
United States |
Miscellaneous Capital Goods |
23.5 |
90 |
|
|
|
Branch |
Willoughby, OH |
United States |
Construction - Supplies and Fixtures |
2.7 |
70 |
|
|
|
Branch |
Elizabethtown, KY |
United States |
Miscellaneous Capital Goods |
146.3 |
47 |
|
|
|
Branch |
La Porte, IN |
United States |
Miscellaneous Capital Goods |
8.3 |
30 |
|
|
|
Branch |
Roebuck, SC |
United States |
Chemical Manufacturing |
6.2 |
30 |
|
|
|
Branch |
Chesterton, IN |
United States |
Miscellaneous Capital Goods |
2.2 |
8 |
|
|
|
Branch |
Kennesaw, GA |
United States |
Construction Services |
3.3 |
6 |
|
|
|
Subsidiary |
Corpus Christi, TX |
United States |
Natural Gas Utilities |
|
7 |
|
|
|
Subsidiary |
Los Angeles, CA |
United States |
Apparel and Accessories |
|
7 |
|
|
|
Subsidiary |
Houston, TX |
United States |
Apparel and Accessories |
11.0 |
4 |
|
|
|
Subsidiary |
Clovis, CA |
United States |
Crops |
0.2 |
4 |
|
|
|
Subsidiary |
Overland Park, KS |
United States |
Business Services |
|
2 |
|
|
|
Subsidiary |
Polomolok |
Philippines |
Food Processing |
597.9 |
4,550 |
|
|
|
Branch |
Davao, Davao Del Sur |
Philippines |
Crops |
|
9,000 |
|
|
|
Branch |
Davao, Davao Del Sur |
Philippines |
Food Processing |
|
5,000 |
|
|
|
Branch |
Gen. Santos, South Cotabato |
Philippines |
Containers and Packaging |
|
200 |
|
|
|
Subsidiary |
Minato-Ku |
Japan |
Oil and Gas Operations |
17,244.0 |
3,706 |
|
|
|
Subsidiary |
Fukuoka, Fukuoka |
Japan |
Retail (Specialty) |
|
402 |
|
|
|
Subsidiary |
Onojo, Fukuoka |
Japan |
Trucking |
9.6 |
|
|
|
|
Subsidiary |
Hiroshima |
Japan |
Retail (Specialty) |
|
270 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
813.4 |
100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil and Gas Operations |
|
97 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
49.5 |
55 |
|
|
|
Subsidiary |
Oita, Oita |
Japan |
Oil and Gas Operations |
|
46 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Retail (Specialty) |
2,176.1 |
|
|
|
|
Subsidiary |
Oita, Oita |
Japan |
Oil and Gas Operations |
292.3 |
|
|
|
|
Subsidiary |
Oita, Oita |
Japan |
Retail (Specialty) |
122.7 |
|
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Oil and Gas Operations |
211.4 |
|
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Retail (Specialty) |
190.9 |
|
|
|
|
Subsidiary |
Hiroshima, Hiroshima |
Japan |
Retail (Specialty) |
148.4 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
127.6 |
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Oil and Gas Operations |
106.8 |
|
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Oil and Gas Operations |
75.6 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Auto and Truck Parts |
50.2 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Business Services |
1.9 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Electric Utilities |
61.2 |
|
|
|
|
Subsidiary |
Aomori, Aomori |
Japan |
Retail (Specialty) |
|
|
|
|
|
Subsidiary |
Kishiwada |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Fukuoka, Fukuoka |
Japan |
Oil and Gas Operations |
|
|
|
|
|
Subsidiary |
Miyagi |
Japan |
Oil and Gas Operations |
|
|
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Oil and Gas Operations |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
16,646.4 |
3,066 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Food Processing |
|
3,000 |
|
|
|
Subsidiary |
Shibuya-Ku |
Japan |
Retail (Technology) |
2,522.6 |
1,982 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
918.9 |
1,777 |
|
|
|
Facility |
Konan, Shiga |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
|
Facility |
Kumamoto |
Japan |
Chemical Manufacturing |
|
|
|
|
|
Facility |
Tochigi |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
|
Facility |
Hiratsuka, Kanagawa |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
|
Subsidiary |
Tochigi |
Japan |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
|
Facility |
Niimi, Okayama |
Japan |
Fabricated Plastic and Rubber |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Chuo-Ku |
Japan |
Retail (Grocery) |
7,406.4 |
1,068 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Trucking |
57.9 |
85 |
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Food Processing |
213.5 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
|
1,025 |
|
|
|
Itochu
Logistics Corp. - Ocean Division No.2 - Machinery & Automobile Logistics
Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
100 |
|
|
Subsidiary |
Torrance, CA |
United States |
Miscellaneous Transportation |
11.6 |
35 |
|
|
|
Subsidiary |
Kwai Fong, New Territories |
Hong Kong |
Miscellaneous Transportation |
7.7 |
|
|
|
|
Subsidiary |
Feltham |
United Kingdom |
Personal Services |
1.7 |
|
|
|
|
Division |
Shirakawa, Fukushima |
Japan |
Business Services |
|
|
|
|
|
Division |
Saitama |
Japan |
Business Services |
|
|
|
|
|
Division |
Atsugi, Kanagawa |
Japan |
Business Services |
|
|
|
|
|
Division |
Fukuroi, Shizuoka |
Japan |
Business Services |
|
|
|
|
|
Division |
Sagamihara, Kanagawa |
Japan |
Business Services |
|
|
|
|
|
Division |
Narashino, Chiba |
Japan |
Business Services |
|
|
|
|
|
Division |
Izumisano, Osaka |
Japan |
Business Services |
|
|
|
|
|
Division |
Yawata, Kyoto |
Japan |
Business Services |
|
|
|
|
|
Division |
Hirakata, Osaka |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Shenzhen |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Qingdao, Shandong |
China |
Miscellaneous Transportation |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Transportation |
|
|
|
|
|
Subsidiary |
Guangzhou |
China |
Business Services |
|
|
|
|
|
Division |
Higashi-osaka, Osaka |
Japan |
Business Services |
|
|
|
|
|
Division |
Komaki, Aichi |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Kwai Fong |
Hong Kong |
Business Services |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Ratingen |
Germany |
Business Services |
|
|
|
|
|
Itochu
Logistics Corp. - Corporate Administration Division - Finance &
Accounting Department |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Itochu
Logistics Corp. - Ocean Division No.1 - Food-Stuff Business & Project
Dept |
Division |
Tokyo |
Japan |
Food Processing |
|
|
|
|
Itochu
Logistics Corp. - Ocean Division No.1 - General Merchandise & Chemical
Logistics Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Itochu
Logistics Corp. - Ocean Division No.2 - Metal, Environment & Plant
Logistics Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Itochu
Logistics Corp. - Air Division - Tokyo Export Sales Dept. |
Division |
Tokyo |
Japan |
Airlines |
|
|
|
|
Itochu
Logistics Corp. - Air Division - Tokyo Import Sales Dept. |
Division |
Tokyo |
Japan |
Miscellaneous Transportation |
|
|
|
|
Itochu
Logistics Corp. - Internal Logistics Division No.1 - CVS Logistics Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Itochu
Logistics Corp. - Internal Logistics Division No.1 - Pharmaceutical Logistics
Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Itochu
Logistics Corp. - Corporate Planning Division - Personnel, General Affairs
& Legal Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Itochu
Logistics Corp. - Corporate Planning Division - Corporate Planning Department |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Itochu
Logistics Corp. - Corporate Planning Division - Information Systems
Department |
Division |
Tokyo |
Japan |
Computer Networks |
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Itochu
Logistics Corp. - Internal Logistics Division No.2 - Transportation Logistics
Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Division |
Tokyo |
Japan |
Miscellaneous Transportation |
|
|
|
|
|
Itochu
Logistics Corp. - Internal Logistics Division No.1 - Food-Stuff Logistics
Dept. |
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
Division |
Tokyo |
Japan |
Airlines |
|
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Division |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Division |
Osaka |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Business Services |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Retail (Specialty) |
738.8 |
766 |
|
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Retail (Specialty) |
86.7 |
307 |
|
|
|
UK Branch/Trading address |
Wallsend |
United Kingdom |
Retail (Specialty) |
86.7 |
10 |
|
|
|
UK Branch/Trading address |
Redcar |
United Kingdom |
Retail (Specialty) |
86.7 |
9 |
|
|
|
UK Branch/Trading address |
Saltburn-By-The-Sea |
United Kingdom |
Retail (Specialty) |
86.7 |
8 |
|
|
|
UK Branch/Trading address |
St Albans |
United Kingdom |
Retail (Specialty) |
738.8 |
4 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
0.5 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
2,608.2 |
731 |
|
|
|
Subsidiary |
Gamagori, Aichi Pref |
Japan |
Construction - Supplies and Fixtures |
411.4 |
195 |
|
|
|
Subsidiary |
Gamagoori, Aichi |
Japan |
Construction - Supplies and Fixtures |
13.9 |
194 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Construction - Supplies and Fixtures |
39.7 |
|
|
|
|
Subsidiary |
Sodegaura, Chiba |
Japan |
Forestry and Wood Products |
3.3 |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Personal Services |
2,173.0 |
726 |
|
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
218.8 |
200 |
|
|
|
Subsidiary |
Nottingham |
United Kingdom |
Consumer Financial Services |
|
178 |
|
|
|
Subsidiary |
Nottingham |
United Kingdom |
Apparel and Accessories |
230.4 |
168 |
|
|
|
Subsidiary |
London |
United Kingdom |
Retail (Grocery) |
9.7 |
5 |
|
|
|
Subsidiary |
London |
United Kingdom |
Personal Services |
30.8 |
51 |
|
|
|
Subsidiary |
Paris |
France |
Miscellaneous Capital Goods |
346.6 |
37 |
|
|
|
Subsidiary |
Chesterfield |
United Kingdom |
Chemical Manufacturing |
17.6 |
20 |
|
|
|
Subsidiary |
Chesterfield Inghilterra |
Italy |
Chemical Manufacturing |
|
5 |
|
|
|
Subsidiary |
Milano, MI |
Italy |
Miscellaneous Capital Goods |
10.1 |
16 |
|
|
|
Subsidiary |
Madrid |
Spain |
Miscellaneous Capital Goods |
8.3 |
5 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Carson, CA |
United States |
Construction and Agriculture Machinery |
50.0 |
700 |
|
|
|
Branch |
Boise, ID |
United States |
Appliance and Tool |
31.1 |
200 |
|
|
|
Subsidiary |
Tustin, CA |
United States |
Electronic Instruments and Controls |
11.6 |
74 |
|
|
|
Branch |
Peosta, IA |
United States |
Construction and Agriculture Machinery |
8.5 |
60 |
|
|
|
Subsidiary |
Dukinfield |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
|
UK Branch/Trading address |
Dukinfield |
United Kingdom |
Miscellaneous Capital Goods |
|
11 |
|
|
|
Branch |
E Rancho Dmngz, CA |
United States |
Electronic Instruments and Controls |
10.9 |
40 |
|
|
|
Branch |
Honey Brook, PA |
United States |
Construction Services |
3.9 |
19 |
|
|
|
Subsidiary |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
|
632 |
|
|
|
Subsidiary |
Higashi Hiroshima, Hiroshima |
Japan |
Auto and Truck Parts |
61.4 |
|
|
|
|
Toyo
Advanced Technologies Co., Ltd. - Tokyo Plant (Hard coating) |
Facility |
Fukaya, Saitama |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Toyo Advanced
Technologies Co., Ltd. - Nagoya Plant (Hard coating) |
Facility |
Kasugai, Aichi |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Toyo
Advanced Technologies Co., Ltd. - Automobile Components Sales Division |
Division |
Minami |
Japan |
Auto and Truck Parts |
|
|
|
|
Toyo
Advanced Technologies Co., Ltd. - Hard Coating Sales Division (Hard Coating) |
Division |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Facility |
Hiroshima |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Beijing |
China |
Investment Services |
|
530 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Beverages (Alcoholic) |
10.3 |
136 |
|
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Chemical Manufacturing |
|
20 |
|
|
|
Subsidiary |
Beijing, Beijing |
China |
Food Processing |
169.6 |
|
|
|
|
Branch |
Shanghai, Shanghai |
China |
Retail (Grocery) |
22.6 |
45 |
|
|
|
Branch |
Tianjin, Tianjin |
China |
Food Processing |
10.6 |
|
|
|
|
Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Guangzhou, Guangdong |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Textiles - Non Apparel |
|
|
|
|
|
Subsidiary |
Dalian, Liaoning |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Shanghai |
China |
Food Processing |
|
|
|
|
|
Subsidiary |
Qingdao, Shandong |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Chongqing |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Dalian, Liaoning |
China |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
|
481 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
2,246.0 |
469 |
|
|
|
Branch |
Admiralty, Hong Kong |
Hong Kong |
Fabricated Plastic and Rubber |
2,531.6 |
20 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Electronic Instruments and Controls |
11.2 |
16 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Fabricated Plastic and Rubber |
24.9 |
180 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
17.2 |
20 |
|
|
|
Subsidiary |
Tianjin, Tianjin |
China |
Electronic Instruments and Controls |
|
20 |
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Chemical Manufacturing |
64.6 |
|
|
|
|
Subsidiary |
Tunbridge Wells |
United Kingdom |
Miscellaneous Transportation |
94.8 |
442 |
|
|
|
Subsidiary |
Warwick |
United Kingdom |
Miscellaneous Transportation |
93.0 |
421 |
|
|
|
UK Branch/Trading address |
Tonbridge |
United Kingdom |
Miscellaneous Transportation |
93.0 |
80 |
|
|
|
Subsidiary |
Tunbridge Wells |
United Kingdom |
Real Estate Operations |
2.0 |
1 |
|
|
|
Subsidiary |
Tunbridge Wells |
United Kingdom |
Construction Services |
0.1 |
|
|
|
|
Subsidiary |
Osaka |
Japan |
Business Services |
|
300 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Medical Equipment and Supplies |
165.2 |
278 |
|
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
186.3 |
270 |
|
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Auto and Truck Manufacturers |
|
65 |
|
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Retail (Specialty) |
56.7 |
55 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
411.3 |
266 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
250 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
1,676.9 |
242 |
|
|
|
Branch |
Osaka, Osaka |
Japan |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Karawang, West Java |
Indonesia |
Real Estate Operations |
|
220 |
|
|
|
Subsidiary |
Minato-Ku |
Japan |
Broadcasting and Cable Television |
140.5 |
210 |
|
|
|
Subsidiary |
Minato-Ku |
Japan |
Computer Services |
99.0 |
206 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Apparel and Accessories |
1,601.9 |
200 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
200 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
200 |
|
|
|
Subsidiary |
Burlington, WA |
United States |
Construction - Supplies and Fixtures |
45.7 |
180 |
|
|
|
Subsidiary |
Budaörs |
Hungary |
Trucking |
|
176 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Fabricated Plastic and Rubber |
1,301.9 |
160 |
|
|
|
Subsidiary |
Minoh, Osaka |
Japan |
Textiles - Non Apparel |
176.3 |
159 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
150 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
140 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Parts |
122.3 |
138 |
|
|
|
Subsidiary |
Osaka |
Japan |
Retail (Apparel) |
|
130 |
|
|
|
Subsidiary |
Guangzhou |
China |
Business Services |
|
130 |
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Investment Services |
304.4 |
120 |
|
|
|
Subsidiary |
Auckland |
New Zealand |
Chemical Manufacturing |
|
10 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Apparel and Accessories |
|
115 |
|
|
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
|
100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
100 |
|
|
|
Subsidiary |
Hekinan, Aichi |
Japan |
Food Processing |
|
100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
100 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
100 |
|
|
|
Subsidiary |
Shibuya-Ku |
Japan |
Insurance (Property and Casualty) |
43.6 |
98 |
|
|
|
Subsidiary |
Chiyoda-Ku |
Japan |
Retail (Catalog and Mail Order) |
114.3 |
89 |
|
|
|
Acquisition by
NTT Docomo Inc proposed/announced.See corporate
structure news on
Itochu Corp for details |
|||||||
|
Subsidiary |
Tokyo |
Japan |
Broadcasting and Cable Television |
|
85 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
80 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
|
80 |
|
|
|
Subsidiary |
Fujisawa, Kanagawa |
Japan |
Aerospace and Defense |
48.2 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Transportation |
|
72 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
0.0 |
70 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
0.0 |
5 |
|
|
|
Subsidiary |
Nanterre |
France |
Business Services |
261.0 |
1,825 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
0.0 |
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
0.0 |
200 |
|
|
|
Subsidiary |
Broxburn |
United Kingdom |
Business Services |
1,020.3 |
4,903 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
45.9 |
766 |
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Business Services |
49.9 |
257 |
|
|
|
Subsidiary |
Bangor |
United Kingdom |
Business Services |
12.7 |
54 |
|
|
|
Unit |
Garden City Park |
United Kingdom |
Business Services |
|
14 |
|
|
|
UK Branch/Trading address |
Warrington |
United Kingdom |
Retail (Specialty) |
1,020.3 |
11 |
|
|
|
UK Branch/Trading address |
St Helens |
United Kingdom |
Retail (Specialty) |
1,020.3 |
10 |
|
|
|
UK Branch/Trading address |
Birkenhead |
United Kingdom |
Retail (Specialty) |
1,020.3 |
9 |
|
|
|
UK Branch/Trading address |
Aberdeen |
United Kingdom |
Retail (Specialty) |
1,020.3 |
9 |
|
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
Newhaven |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
Warrington |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Specialty) |
1,020.3 |
8 |
|
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Retail (Specialty) |
1,020.3 |
7 |
|
|
|
UK Branch/Trading address |
Runcorn |
United Kingdom |
Retail (Specialty) |
1,020.3 |
7 |
|
|
|
UK Branch/Trading address |
Epsom |
United Kingdom |
Retail (Specialty) |
1,020.3 |
7 |
|
|
|
UK Branch/Trading address |
Edinburgh |
United Kingdom |
Retail (Specialty) |
1,020.3 |
6 |
|
|
|
UK Branch/Trading address |
London |
United Kingdom |
Retail (Specialty) |
1,020.3 |
5 |
|
|
|
UK Branch/Trading address |
Birmingham |
United Kingdom |
Retail (Specialty) |
1,020.3 |
5 |
|
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Retail (Specialty) |
1,020.3 |
5 |
|
|
|
UK Branch/Trading address |
Glossop |
United Kingdom |
Retail (Specialty) |
1,020.3 |
5 |
|
|
|
Subsidiary |
Solihull |
United Kingdom |
Nonclassifiable Industries |
|
4 |
|
|
|
UK Branch/Trading address |
Atherstone |
United Kingdom |
Retail (Specialty) |
|
7 |
|
|
|
UK Branch/Trading address |
Bromsgrove |
United Kingdom |
Retail (Specialty) |
|
5 |
|
|
|
UK Branch/Trading address |
Coventry |
United Kingdom |
Retail (Specialty) |
|
3 |
|
|
|
UK Branch/Trading address |
Coventry |
United Kingdom |
Retail (Specialty) |
|
3 |
|
|
|
UK Branch/Trading address |
Kidderminster |
United Kingdom |
Retail (Specialty) |
|
2 |
|
|
|
Subsidiary |
Weymouth |
United Kingdom |
Nonclassifiable Industries |
|
4 |
|
|
|
UK Branch/Trading address |
Pinner |
United Kingdom |
Retail (Specialty) |
1,020.3 |
2 |
|
|
|
UK Branch/Trading address |
Croydon |
United Kingdom |
Retail (Specialty) |
1,020.3 |
|
|
|
|
UK Branch/Trading address |
Widnes |
United Kingdom |
Retail (Specialty) |
1,020.3 |
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Construction Services |
0.1 |
|
|
|
|
Subsidiary |
Scunthorpe |
United Kingdom |
Business Services |
0.0 |
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth Garden City |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Broxburn |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Dumbarton |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
UK Branch/Trading address |
Glasgow |
United Kingdom |
Retail (Specialty) |
|
7 |
|
|
|
UK Branch/Trading address |
Burnley |
United Kingdom |
Business Services |
|
5 |
|
|
|
UK Branch/Trading address |
Stirling |
United Kingdom |
Retail (Specialty) |
|
4 |
|
|
|
UK Branch/Trading address |
Paisley |
United Kingdom |
Retail (Specialty) |
|
4 |
|
|
|
UK Branch/Trading address |
Preston |
United Kingdom |
Business Services |
|
4 |
|
|
|
UK Branch/Trading address |
Carlisle |
United Kingdom |
Business Services |
|
3 |
|
|
|
UK Branch/Trading address |
Inverness |
United Kingdom |
Retail (Specialty) |
|
2 |
|
|
|
UK Branch/Trading address |
Edinburgh |
United Kingdom |
Business Services |
|
2 |
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Broxburn |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Letchworth |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Auto and Truck Manufacturers |
|
70 |
|
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Fabricated Plastic and Rubber |
|
35 |
|
|
|
Subsidiary |
Kwai Fong |
Hong Kong |
Business Services |
|
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
70 |
|
|
|
Subsidiary |
Monaco |
Monaco |
Oil and Gas Operations |
|
70 |
|
|
|
Subsidiary |
Admiralty, Hong Kong |
Hong Kong |
Miscellaneous Capital Goods |
|
70 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
12,872.2 |
62 |
|
|
|
Subsidiary |
Central |
Hong Kong |
Computer Networks |
|
60 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
60 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
|
60 |
|
|
|
Subsidiary |
Issaquah, WA |
United States |
Construction Services |
|
50 |
|
|
|
Branch |
Houston, TX |
United States |
Miscellaneous Capital Goods |
22.3 |
D&B |
|
|
|
Branch |
Cranberry Twp, PA |
United States |
Miscellaneous Capital Goods |
4.7 |
DPI |
|
|
|
Subsidiary |
Lockport, NY |
United States |
Electric Utilities |
14.3 |
LEX |
|
|
|
Branch |
Kansas City, MO |
United States |
Construction Services |
0.7 |
LEX |
|
|
|
Subsidiary |
Deerfield Beach, FL |
United States |
Broadcasting and Cable Television |
|
LEX |
|
|
|
Subsidiary |
Ashby De La Zouch |
United Kingdom |
Chemical Manufacturing |
124.6 |
LEX |
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
48.7 |
IUSA |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Auto and Truck Parts |
50.7 |
IUSA |
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Engineering Consultants |
|
40 |
|
|
|
Subsidiary |
Santa Clara, CA |
United States |
Computer Networks |
|
40 |
|
|
|
Subsidiary |
San Francisco, CA |
United States |
Miscellaneous Transportation |
|
40 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Footwear |
|
36 |
|
|
|
Subsidiary |
Istanbul |
Turkey |
Chemical Manufacturing |
|
36 |
|
|
|
Subsidiary |
San Francisco, CA |
United States |
Oil and Gas Operations |
3.4 |
35 |
|
|
|
Subsidiary |
Vancouver, BC |
Canada |
Apparel and Accessories |
|
35 |
|
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
229.5 |
33 |
|
|
|
Subsidiary |
Treuen, Sachsen |
Germany |
Miscellaneous Capital Goods |
16.3 |
11 |
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Miscellaneous Capital Goods |
|
30 |
|
|
|
Subsidiary |
Cariacica, Espirito Santo |
Brazil |
Business Services |
5.7 |
3 |
|
|
|
Branch |
Rio De Janeiro, Rio De Janeiro |
Brazil |
Recreational Activities |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
30 |
|
|
|
Subsidiary |
Street Fourways |
South Africa |
Investment Services |
|
25 |
|
|
|
Subsidiary |
Farmington Hills, MI |
United States |
Auto and Truck Manufacturers |
14.9 |
22 |
|
|
|
Subsidiary |
Cincinnati, OH |
United States |
Business Services |
|
86 |
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Metal Mining |
2,845.9 |
20 |
|
|
|
Itochu Coal Resources Australia Pty
Limited |
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Delta, BC |
Canada |
Construction - Supplies and Fixtures |
28.4 |
20 |
|
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Electronic Instruments and Controls |
24.9 |
18 |
|
|
|
Subsidiary |
Mexico |
Mexico |
Miscellaneous Capital Goods |
|
17 |
|
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Investment Services |
|
15 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Financial Services |
|
15 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
2,243.2 |
14 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
639.8 |
12 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
12 |
|
|
|
Subsidiary |
Las Condes, Santiago |
Chile |
Miscellaneous Capital Goods |
|
12 |
|
|
|
Subsidiary |
San Francisco, CA |
United States |
Personal and Household Products |
|
10 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
45.4 |
9 |
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
|
|
|
|
|
Subsidiary |
Houston, TX |
United States |
Oil Well Services and Equipment |
1.6 |
8 |
|
|
|
Subsidiary |
Budapest |
Hungary |
Miscellaneous Capital Goods |
|
8 |
|
|
|
Subsidiary |
Quito |
Ecuador |
Miscellaneous Capital Goods |
|
7 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
-6.5 |
6 |
|
|
|
Branch |
Lima, Lima |
Peru |
Tires |
|
5 |
|
|
|
Subsidiary |
Makati, Manila |
Philippines |
Real Estate Operations |
|
5 |
|
|
|
Subsidiary |
Pelham, AL |
United States |
Retail (Specialty) |
2.7 |
4 |
|
|
|
Branch |
New Delhi, Delhi |
India |
Chemical Manufacturing |
63.3 |
3 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
3 |
|
|
|
Subsidiary |
London |
United Kingdom |
Electric Utilities |
|
1 |
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Food Processing |
18,086.1 |
|
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Food Processing |
917.4 |
73 |
|
|
|
Subsidiary |
Kagoshima, Kagoshima |
Japan |
Food Processing |
11.7 |
20 |
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Food Processing |
901.8 |
|
|
|
|
Subsidiary |
Utsunomiya, Tochigi |
Japan |
Food Processing |
196.5 |
|
|
|
|
Subsidiary |
Funabashi, Chiba |
Japan |
Trucking |
125.4 |
|
|
|
|
Subsidiary |
Kawasaki, Kanagawa |
Japan |
Food Processing |
44.7 |
|
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Food Processing |
43.1 |
|
|
|
|
Subsidiary |
Yamagata, Yamagata |
Japan |
Food Processing |
33.3 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Food Processing |
1,835.1 |
|
|
|
|
Subsidiary |
Izumiotsu, Osaka |
Japan |
Food Processing |
33.4 |
|
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Office Supplies |
942.5 |
|
|
|
|
Subsidiary |
Koto-Ku, Tokyo |
Japan |
Apparel and Accessories |
890.8 |
|
|
|
|
Subsidiary |
Kwun Tong, Kowloon |
Hong Kong |
Apparel and Accessories |
12.9 |
35 |
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Fabricated Plastic and Rubber |
405.7 |
|
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Miscellaneous Capital Goods |
9.0 |
300 |
|
|
|
Subsidiary |
Fukaya, Saitama |
Japan |
Fabricated Plastic and Rubber |
117.1 |
|
|
|
|
Subsidiary |
Sapporo, Hokkaido |
Japan |
Personal and Household Products |
48.1 |
|
|
|
|
Subsidiary |
Sano, Tochigi |
Japan |
Fabricated Plastic and Rubber |
38.0 |
|
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
393.7 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction and Agriculture Machinery |
372.1 |
|
|
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Apparel and Accessories |
263.5 |
|
|
|
|
Subsidiary |
Tsim Sha Tsui, Kowloon |
Hong Kong |
Apparel and Accessories |
115.7 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Financial Services |
195.2 |
|
|
|
|
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Construction Services |
173.4 |
|
|
|
|
Subsidiary |
Shinagawa-Ku, Tokyo |
Japan |
Medical Equipment and Supplies |
173.4 |
|
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
150.4 |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
72.7 |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
61.2 |
|
|
|
|
Acquisition by
Enquest Plc proposed/announced.See corporate
structure news on
Itochu Corp for details |
|||||||
|
Subsidiary |
London |
United Kingdom |
Oil and Gas Operations |
10.8 |
|
|
|
|
Acquisition by
Enquest Plc proposed/announced.See corporate
structure news on
Itochu Corp for details |
|||||||
|
Subsidiary |
Bunkyo-Ku, Tokyo |
Japan |
Healthcare Facilities |
55.9 |
|
|
|
|
Subsidiary |
Amsterdam |
Netherlands |
Rental and Leasing |
39.8 |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Quarry Bay |
Hong Kong |
Investment Services |
|
|
|
|
|
Affiliates |
Shanghai |
China |
Fabricated Plastic and Rubber |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Aerospace and Defense |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Apparel) |
|
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Apparel and Accessories |
84.3 |
|
|
|
|
Subsidiary |
Komoro, Nagano |
Japan |
Food Processing |
52.5 |
|
|
|
|
Subsidiary |
Panamá |
Panama |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Taipei |
Taiwan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Retail (Apparel) |
169.2 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Apparel and Accessories |
148.9 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Apparel and Accessories |
146.9 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Retail (Apparel) |
54.9 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Retail (Apparel) |
31.1 |
|
|
|
|
Subsidiary |
Kobe, Hyogo |
Japan |
Trucking |
26.0 |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Investment Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Bogota |
Colombia |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Athens |
Greece |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
New Delhi |
India |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Tehran |
Iran |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Tunis |
Tunisia |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Caracas |
Venezuela |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
Danville, KY |
United States |
Construction - Supplies and Fixtures |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Osaka |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Furniture and Fixtures |
|
|
|
|
|
Subsidiary |
Hangzhou, Zhejiang |
China |
Apparel and Accessories |
1.8 |
150 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Consumer Financial Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Real Estate Operations |
|
|
|
|
|
Subsidiary |
Niigata |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Oil Well Services and Equipment |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Tires |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Retail (Technology) |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Fish and Livestock |
|
|
|
|
|
Subsidiary |
Hyuga, Miyazaki |
Japan |
Food Processing |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Fish and Livestock |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
|
Subsidiary |
Mie |
Japan |
Fish and Livestock |
|
|
|
|
|
Subsidiary |
Geneva |
Switzerland |
Oil and Gas Operations |
|
|
|
|
|
Subsidiary |
Tianjin |
China |
Food Processing |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Investment Services |
|
|
|
|
|
Subsidiary |
Osaka, Osaka |
Japan |
Apparel and Accessories |
94.5 |
|
|
|
|
Subsidiary |
Jhubei, Hsinchu |
Taiwan |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Vienna |
Austria |
Auto and Truck Manufacturers |
|
|
|
|
|
Subsidiary |
Lagos |
Nigeria |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Shenzhen, Guangdong |
China |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Rajagirya |
Sri Lanka |
Food Processing |
|
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Osaka |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Water Transportation |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
|
Subsidiary |
Nagoya, Aichi |
Japan |
Food Processing |
50.4 |
|
|
|
|
Subsidiary |
Kanoya, Kagoshima |
Japan |
Fish and Livestock |
42.9 |
|
|
|
|
Subsidiary |
Hyogo |
Japan |
Food Processing |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Oil Well Services and Equipment |
|
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Consumer Financial Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Food Processing |
|
|
|
|
|
Facility |
Kamisu, Ibaraki |
Japan |
Food Processing |
|
|
|
|
|
Subsidiary |
Hangzhou, Zhejiang |
China |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Business Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Software and Programming |
|
|
|
|
|
Subsidiary |
Sydney, NSW |
Australia |
Engineering Consultants |
|
|
|
|
|
Subsidiary |
Osaka |
Japan |
Apparel and Accessories |
|
|
|
|
|
Subsidiary |
Conchali, Santiago |
Chile |
Construction Services |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Containers and Packaging |
|
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Rental and Leasing |
|
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
Yingkou, Liaoning |
China |
Construction - Supplies and Fixtures |
14.0 |
60 |
|
|
|
Subsidiary |
Albion Park, NSW |
Australia |
Miscellaneous Capital Goods |
20.7 |
26 |
|
|
|
Branch |
Seto, Aichi |
Japan |
Construction - Supplies and Fixtures |
|
|
|
|
|
Subsidiary |
Beijing |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Apparel and Accessories |
|
|
|
|
Competitors Report
|
Company
Name |
Location |
Employees |
Ownership |
|
Altria Group Inc |
Richmond, Virginia, United
States |
9,100 |
Public |
|
Archer Daniels Midland Company |
Decatur, Illinois, United
States |
30,600 |
Public |
|
Asahi Kasei Corporation |
Tokyo, Japan |
25,085 |
Public |
|
Bayer Corporation |
Pittsburgh, Pennsylvania,
United States |
22,300 |
Private |
|
Exxon Mobil Corporation |
Irving, Texas, United States |
76,900 |
Public |
|
Hutchison Whampoa Limited |
, Hong Kong |
250,000 |
Public |
|
KANEMATSU CORPORATION |
Minato-Ku, Japan |
5,522 |
Public |
|
Kloeckner & Co SE |
Duisburg, Germany |
10,212 |
Public |
|
Marubeni Corp |
Chiyoda-Ku, Japan |
33,566 |
Public |
|
MAXXAM Inc. |
Houston, Texas, United States |
1,080 |
Public |
|
Mitsui & Co. Ltd. |
Chiyoda-Ku, Japan |
45,148 |
Public |
|
Nestle SA |
Vevey, Switzerland |
339,000 |
Public |
|
Nippon Steel & Sumitomo
Metal Corp |
Chiyoda-Ku, Japan |
83,187 |
Public |
|
Nippon Telegraph And Telephone
Corp |
Chiyoda-Ku, Japan |
224,239 |
Public |
|
Nippon Television Holdings Inc |
Minato-Ku, Japan |
3,218 |
Public |
|
Panasonic Corporation |
Kadoma-Shi, Japan |
293,742 |
Public |
|
Samsung Group |
Seoul, Korea, Republic of |
263,000 |
Private |
|
Sharp Corporation |
Osaka-Shi, Japan |
56,756 |
Public |
|
Sociedad Estatal de
Participaciones Industriales |
Madrid, Spain |
26,179 |
State-Owned |
|
Sojitz Corp |
Chiyoda-Ku, Japan |
15,963 |
Public |
|
Sumitomo Chemical Co Ltd |
Chuo-Ku, Japan |
30,396 |
Public |
|
Sumitomo Corp |
Chuo-Ku, Japan |
73,953 |
Public |
|
TOKYO BROADCASTING SYSTEM,
INC. |
Minato-Ku, Japan |
5,271 |
Public |
|
Total SA |
Courbevoie, France |
97,126 |
Public |
|
Toyota Tsusho Corp |
Minato-Ku, Japan |
48,336 |
Public |
|
Toyota Tsusho
Corporation-Tokyo |
Tokyo, Japan |
2,795 |
Private |
|
Unilever plc |
London, United Kingdom |
172,000 |
Public |
Executive report
|
Board
of Directors |
|
|
|
|
||||||||||
|
Chairman of the Board |
Chairman |
|
||||||||||
|
|||||||||||||
|
Senior Managing Executive Officer,
President of Food Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Executive Officer, President of
Energy & Chemical Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Board Member |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executive Vice President, Representative
Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Chief Administrative Officer, Managing
Executive Officer, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Executive Officer, President of
Metal Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
President, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Executive Officer, President of
Fabric Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Chief Financial Officer, Executive Vice
President, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Executive Officer, President of
Machine Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Director |
Director/Board Member |
|
|
|||||||||
|
Chief Scientific Officer, Senior Managing
Executive Officer, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Managing Executive Officer, President of
Living Life & Information Company, Representative Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
Chief Executive Officer |
Chief Executive Officer |
|
|||||||||
|
Chief Executive Officer ITOCHU SysTech
Corporation |
Chief Executive Officer |
|
|||||||||
|
President, Representative Director |
President |
|
|||||||||
|
||||||||||||
|
President Itochu fashion system co., ltd |
President |
|
|
||||||||
|
Senior Managing Executive Officer,
President of Food Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, President of
Energy & Chemical Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Finance |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Acting Manager of
General Merchandise Division, Director of Merchandise |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Director of Secretary |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Director of Legal
Affairs |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President of
Subsidiary |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Manager of 2nd Brand
Marketing Division |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of Food
Distribution Division |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Director of
Accounting |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, Manager of
Construction & Finance Division |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Director of Human
Resources and General Affairs |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, Chairman of
Subsidiaries |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Director of Operation |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of 1st Apparel
Division |
Division Head Executive |
|
|
||||||||
|
General Manager Nagoya Area |
Division Head Executive |
|
|
||||||||
|
Chief Administrative Officer, Managing
Executive Officer, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President of
Metal Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of Plant
Project & Marine & Aerospace Division |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President of
Fabric Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of Chemical
Product Division |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, Manager of
Singapore Office, President of Subsidiary |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President of
Machine Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, President of Chubu
Office |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
General Manager Legal Division |
Division Head Executive |
|
|
||||||||
|
General Manager Research & Business
Development Division |
Division Head Executive |
|
|
||||||||
|
Chief Scientific Officer, Senior Managing
Executive Officer, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer, Director of
Integration Risk Management |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Manager of Energy
Division |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Executive Officer, Manager of General
Merchandise Division |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Acting Mangaer of
Chemical Division, Director of Plastics |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Manager of Metal &
Mining Resource Division |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
General Manager |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President
(CEO) of Subsidiary |
Division Head Executive |
|
|
||||||||
|
Executive Officer, Manager of Auto &
Contruction Machinery & Industrial Machinery Division |
Division Head Executive |
|
|
||||||||
|
Managing Executive Officer, President of
Living Life & Information Company, Representative Director |
Division Head Executive |
|
|
||||||||
|
||||||||||||
|
Managing Executive Officer |
Managing Director |
|
|
||||||||
|
Project Manager |
Environment/Safety Executive |
|
|
||||||||
|
Chief Financial Officer |
Finance Executive |
|
|
||||||||
|
Chief Financial Officer, Executive Vice
President, Representative Director |
Finance Executive |
|
|
||||||||
|
||||||||||||
|
Chief Financial Officer ITOCHU
International Inc. |
Finance Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
Corporate Auditor |
Accounting Executive |
|
|
||||||||
|
IR Contact Officer |
Investor Relations Executive |
|
|
||||||||
|
CIO & Executive VP-ICT, General
Products & Realty |
Information Executive |
|
|
||||||||
|
Assistant to CEO for Latin America; ITOCHU
Brasil S.A. |
Other |
|
|
||||||||
Significant Developments
INPEX CORP, Itochu Corp, Japan Petroleum Exploration Co Ltd, Marubeni Corp and ITOCHU Oil Exploration Co., Ltd's Joint Venture Signs MOU with Gazprom Jun 24, 2013
INPEX CORP announced that its joint venture, formed with Itochu Corp, Japan Petroleum Exploration Co Ltd, Marubeni Corp and ITOCHU Oil Exploration Co., Ltd, has signed a Memorandum of Understanding (MOU) with Russia's state-owned company, Gazprom, to discuss on establishment of a joint venture to be engaged in LNG project in Vladivostok, as well as collaboration of marketing in Japan.
BHP Billiton Ltd Announces Extension Of Long Term Joint Venture Relationship With ITOCHU Corp And Mitsui & Co. Ltd. Jun 20, 2013
BHP Billiton Ltd announced an extension of its long term joint venture relationship with ITOCHU Corp and Mitsui & Co. Ltd. Under the terms of the agreement, ITOCHU and Mitsui will invest approximately USD0.8 billion and USD0.7 billion respectively in shares and loans of BHP Iron Ore (Jimblebar) Pty Ltd, representing an 8% and 7% interest in the Jimblebar mining hub and resource. The consideration includes a share of capital costs associated with the Jimblebar Mine Expansion project incurred to date. The transaction is subject to Australian Foreign Investment Review Board approval and other customary conditions and is expected to be completed in the September 2013 quarter. ITOCHU and Mitsui collectively hold a 15% interest in BHP Billiton's Western Australia Iron Ore current mine, rail and port infrastructure. This investment will align interests across the Western Australia Iron Ore supply chain and drive simplicity and flexibility.
Reverse Medical Corp. Enters into Strategic Alliance with Itochu Corp's
Subsidiary- Health & Beauty Close-Up Jun 14, 2013
Health & Beauty Close-Up reported that Reverse Medical Corp. has entered into a strategic partnership agreement with Century Medical, Inc., which is a subsidiary of Itochu Corp, for distribution of the Reverse Medical products in Japan.
Lentuo International Inc Reports Beijing Government Approval for Joint Venture with Itochu Corp- Wireless News Jun 10, 2013
Wireless News reported that Lentuo International Inc announced that it has received approval from the Beijing government for its joint venture with Itochu Corp. The joint venture will focus on the expansion of Lentuo's high-end car dealerships across China, starting with the new Audi 4S dealership located in southern Beijing. The joint venture will also scale up its repair and maintenance services. Itochu will invest RMB 300 million and take a 40% stake in the joint venture.
Kenedix Inc to Acquire Shares in Kenedix Office Partners, Inc. from Itochu Corp May 28, 2013
Kenedix Inc announced that it will acquire 645 shares (a 10.0% stake) in Kenedix Office Partners, Inc. from Itochu Corp on June 5, 2013. As a result Kenedix Inc will hold 645 shares in Kenedix Office Partners, Inc. while its Tokyo-based subsidiary is holding 5,805 shares (a 90% stake) in Kenedix Office Partners. The transaction price is not disclosed.
R&I Affirms Itochu Corporation's Rating at "A"; Rating Outlook Positive May 23, 2013
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Itochu Corporation at "A". The rating outlook has been changed from stable to positive.
Itochu Corp Raises Forecast for Net Profit of FY 2014 – Reuters May 07, 2013
reported that Itochu Corp is expecting its net profit to increase by 3.5%, or JPY 290 billion of the fiscal year ending March 2014, compared to the previous fiscal year.
Itochu Corp Announces Details of Establishment of Subsidiaries Apr 01, 2013
Itochu Corp announced the details of establishment of a
wholly owned subsidiary and two wholly owned sub-subsidiaries. The wholly owned
subsidiary, Dole International Holdings was established on October 23, 2012.
One wholly owned sub-subsidiary DPF Holdings Inc was established on November
27, 2012. Another wholly owned sub-subsidiary was established on October 4,
2012. The purpose of the establishment of subsidiaries is to acquire fruit and
vegetables business in Asia, as well as global processed food business from
Dole Food Company, Inc. Cocokar a fine Inc, Alfresa Holdings Corp, Itochu Corp
and Liaoning-based Company to Establish Joint VentureMar 29, 2013 cocokara fine Inc
announced that it has decided to establish a joint venture with Alfresa
Holdings Corp, Itochu Corp and a Liaoning-based company, in June 2013. The
joint venture will be engaged in operation of Japan style drug stores. The
Liaoning-based company, cocokara fine Inc, Itochu Corp and Alfresa Holdings
Corp will hold 51%, 25%, 12% and 12% stakes in the joint venture, respectively.
Itochu Corp Announces Outcome of Takeover Bid for Shares of YANASE & Co., Ltd. Mar 27, 2013
Itochu Corp announced that the takeover bid proposed by the Company for shares of YANASE & Co., Ltd.'s stock was completed on March 26, 2013. As a result, 1,736,000 shares were accepted during the period from February 26, 2013 to March 26, 2013. The settlement date is March 29, 2013.
GOODMAN CO LTD Announces Cancellation of Capital and Business Alliances with Itochu Corp Mar 15, 2013
GOODMAN CO LTD announced that it has decided to cancel the capital and business alliances with Itochu Corp, which was disclosed on September 25, 2008, on March 15, 2013.
Itochu Corp Sells Shares of Magaseek Corp Mar 15, 2013
Magaseek Corp announced that NTT DOCOMO, INC., has completed the takeover bid for shares of Magaseek effective March 14, 2013. NTT DOCOMO acquired 15,105 shares of Magaseek at the price of JPY 135,000 per share from Itochu Corp and other shareholders during the period from January 31, 2013 to March 14, 2013. As a result, NTT DOCOMO will become the parent company of Magaseek with 70.88% voting rights, while Itochu Corp will be no longer parent company of Magaseek with 24.86% voting rights, down from 64.01%, effective March 21, 2013.
Itochu Corp, Mitsubishi Corp And GDF Suez SA In Turkish Nuclear Plant Bid-Reuters Mar 05, 2013
reported that Itochu Corp, Mitsubishi Corp and France's GDF Suez SA have made a joint bid to build Turkey's second nuclear power plant with total investment seen at $20-$25 billion. Turkey plans to build several nuclear plants over the next 10 years to reduce its dependence on imported oil and gas. Turkey has also been in talks with companies from Canada, South Korea and China regarding the planned Sinop plant and Turkish officials said bids from China and the Japanese-French consortium currently looked the strongest.
Itochu Corp To Partner With Vitol Group To Export US LPG To Japan-Reuters Feb 27, 2013
reported that Itochu Corp said it will form a partnership with European oil trading house Vitol Group to export liquefied petroleum gas from the United States to Asia. Itochu will take a 34 percent interest in Vitol's planned $500 million LPG refining, storage and exporting base in Texas, it said in a statement. A final investment decision on the project will be made in June, an Itochu spokesman said.
Itochu Corp to Launch Takeover Bid for Shares of YANASE & Co., Ltd. Feb 25, 2013
Itochu Corp announced that it has launched a takeover bid for shares of YANASE & Co., Ltd. Itochu intends to acquire 1,736,000 shares of YANASE, at the price of JPY 399 per share (JPY 692,664,000 in total) during the period from February 26, 2013 to March 26, 2013. If Itochu acquires 1,736,000 shares of YANASE, Itochu will increase its stake from a 22.04% stake (10,416 voting rights) to a 25.72% stake (12,152 voting rights).
MYSTAR ENGINEERING CORP Completes Share Repurchase; Announces Changes in Stake of Shareholder Itochu Corp Feb 25, 2013
MYSTAR ENGINEERING CORP announced that it has completed to repurchase 450,000 shares (5.19% stake) of its common stock, at the price of JPY 492 per share, or JPY 221,400,000 in total, on February 25, 2013. As a result, its top shareholder Itochu Corporation has become the second major shareholder, holding 1,327,00 shares (15.31% voting rights), down from 1,777,00 shares (19.49% voting rights).
Itochu Techno-Solutions Corp to Acquire CSC Automated Pte. Ltd. and CSC ESI Sdn Bhd with Itochu Corp
Feb 20, 2013
Itochu Techno-Solutions Corp announced that Itochu Techno-Solutions Corp and Itochu Corp have decided to fully acquire CSC Automated Pte. Ltd. and CSC ESI Sdn Bhd, from Computer Sciences Corporation, for USD 90 million in total, in the middle of March 2013. After this, Itochu Techno-Solutions Corp will hold a 70% stake in both of the acquired companies, respectively, with the acquisition amount of USD 63 million from Itochu Techno-Solutions Corp. Itochu Corp will hold a 30% stake in the two acquired companies, up from 0%, respectively.
AIR WATER INC to Acquire Subsidiary of Itochu Corporation Feb 14, 2013
AIR WATER INC announced that it has decided to acquire 8,400 shares of Healthcare-Tech, which is a wholly owned subsidiary of Itochu Corporation, for JPY 369 million in total effective March 25, 2013. As a result, Healthcare-Tech will become a 60%-owned subsidiary of AIR WATER.
TODA KOGYO CORP Completes Issuance of Shares to Itochu Corporation Jan 31, 2013
TODA KOGYO CORP announced that it has completed to issue 12,600,000 shares, at the price of JPY 304 per share, or JPY 3,830,400,000 in total, to Itochu Corporation, through private placement, on January 31, 2013.
Itochu Corp to Lower Stake in Magaseek corporation
Jan 30, 2013
Itochu Corp announced that it has decided to lower the stake in a subsidiary, Magaseek corporation, to 25%, according to the takeover bid proposed by NTT Docomo Inc. to Magaseek corporation's shares.
NIPRO CORP To Launch Tender Offer For GOODMAN CO LTD; Itochu Corp Will Not Participate In Tender Offer-DJ Jan 24, 2013
Dow Jones reported that NIPRO CORP will launch a tender offer for GOODMAN CO LTD in order to make the Jasdaq-listed medical equipment maker a subsidiary, The Nikkei reported. The offer will begin Friday and last until March 8. Nipro will target ordinary shares, preferred stock and equity warrants, aiming to acquire a stake of around 67% for JPY3.25 billion. If the bid is successfully concluded, Goodman is expected to be delisted. Nipro will buy each ordinary share for Y337, a 46% premium over Thursday's closing price. Goodman has accepted the tender offer. Itochu Corp, which currently owns 36% of Goodman shares, will not participate. But after the tender offer, Goodman is considering such methods as allocating new shares to Nipro, so Nipro's and Itochu's holdings are expected to result in about 67% and 33%, respectively.
Dole Food Company Inc Receives Approval From China To Sell Worldwide Packaged Foods And Asia Fresh Produce Business To ITOCHU Corporation Jan 24, 2013
Dole Food Company Inc announced that ITOCHU Corporation (ITOCHU) and Dole received unconditional approval from the Chinese Ministry of Commerce to implement the sale of Dole's worldwide packaged foods and Asia fresh produce business to ITOCHU.
Rakuten Inc to Acquire Stake in Ecosystem Japan Co.,Ltd. from Itochu Corp-Mainichi Newspaper Jan 24, 2013
Mainichi Newspaper reported that Rakuten Inc announced that it will acquire a 33.4% stake in Ecosystem Japan Co.,Ltd., which is engaged in sale and construction of solar power panels in Tokyo, Japan, through a wholly owned subsidiary from Itochu Corp by February 28, 2013. As a result, Itochu Corp will hold a 49.25% stake in Ecosystem Japan, down from an 82.65% stake. The transaction price is not disclosed.
TODA KOGYO CORP Announces Business and Capital Alliance with Itochu
Corporation Dec 28, 2012
TODA KOGYO CORP announced that TODA KOGYO CORP and Itochu Corporation have reached an agreement to form a business and capital alliance. Through the business alliance, the two companies will further cooperate in the global marketing, logistics and new product development. Through the capital alliance, TODA KOGYO CORP will issue 12,600,000 shares to Itochu Corporation, which is approximately 20.66% of TODA KOGYO CORP's total shares outstanding, at the price of JPY 304 per share, or JPY 3,830,400,000 in total. The payment period is from January 15, 2013 to January 31, 2013. After this, Itochu Corp will hold a 20.66% stake in TODA KOGYO CORP and will become the top shareholder of TODA KOGYO CORP.
Kurita Water Industries Ltd to Cancel Business Alliance with Itochu Corp Dec 27, 2012
Kurita Water Industries Ltd announced that it has decided to cancel the business alliance in procurement and sale business with Itochu Corp, effective March 31, 2013.
Chiangmai Frozen Foods PCL Announces Asset Acquisition from Itochu Corp Dec 14, 2012
Chiangmai Frozen Foods PCL announced that on December 14, 2012, it has acquired 2 units of machine from Itochu Corp, worth THB 12.12 million in cash.
ASTMAX Co Ltd to Acquire Subsidiary of Itochu Corp Dec 13, 2012
ASTMAX Co Ltd announced that it has decided to acquire 29,800 shares of ITC Investment Partners Corporation, which is a subsidiary of Itochu Corp and is engaged in the financial product business, effective December 28, 2012. As a result, ASTMAX will hold a 99% stake in ITC Investment Partners Corporation, up from 0%, while Itochu Corp will hold no stake in ITC Investment Partners Corporation.
Calbee Inc Establish Special Purpose Company with Itochu Corporation to Form Joint Venture with PT. Mitrajaya Ekaprana Dec 03, 2012
Calbee Inc announced that it has decided to establish a special purpose company (SPC), PT. Calbee-Wings Food, with Itochu Corporation, in March 2013. The Company will hold a 90% stake in the SPC and Itochu will hold the other 10%. After thar, PT. Calbee-Wings Food will form a 50%-50% joint venture with PT. Mitrajaya Ekaprana.
Ayala Land, Inc. Signs Agreement With FamilyMart Co., Ltd. And Itochu Corp.
Nov 06, 2012
Ayala Land, Inc. announced that through SIAL CVS Retailers, Inc. (SIAL), the Company has signed a Shareholders' Agreement with FamilyMart Co., Ltd. (FamilyMart) and Itochu Corp. (Itochu) for the development and operations of FamilyMart Convenience Stores in the Philippines. FamilyMart is a convenience store retailer with over 20,000 stores in eight countries, including Japan, Taiwan, South Korea, Thailand, China, USA, Vietnam and Indonesia.
Calbee Inc to Cancel Establishment of Joint Venture with Itochu Corporation and China-based Company Sep 24, 2012
Calbee Inc announced that it has decided to cancel the establishment plan of a joint venture in Tianjin, China, with Itochu Corporation and a China-based instant food company, which was announced on April 9, 2012.
Dole Food Company Inc Announces Agreement to Sell Worldwide Packaged Foods and Asia Fresh Produce Businesses to Itochu Corporation Sep 17, 2012
Dole Food Company Inc announced that it has signed a definitive agreement with Itochu Corporation for the sale of Dole's worldwide packaged foods and Asia fresh produce businesses for $1.685 billion in cash. This proposed transaction results from Dole's previously announced strategic business review process, and is subject to Dole stockholder approval and customary regulatory approvals in multiple countries. Cash proceeds from the transaction will be used by Dole for debt reduction, to pay deal-related expenses, and for restructuring and other corporate purposes. Dole Worldwide Packaged Foods produces canned pineapple, canned pineapple juice, fruit juice concentrate, fruit in plastic cups, jars and pouches, fruit parfaits, healthy snack foods and frozen fruit.
Itochu Corpo In Talks To Buy Dole Food Company Inc Businesses-Reuters
Sep 13, 2012 reported that Dole Food Company Inc is in advanced talks
with Itochu Corp to sell its packaged foods and Asian fresh fruit and vegetable
businesses to the Japanese trading house. Itochu could pay around $1.7 billion
for the Dole businesses.
Itochu Corp to Establish New Wholly Owned Subsidiary Sep 12, 2012
Itochu Corp announced that it will establish a new wholly owned
subsidiary, which will be engaged in the business management in Tokyo, in
November 2012.
Calbee Inc to Establish New Joint Venture with ITOCHU Corporation and
China-based Company Jul 31, 2012
Calbee Inc announced that it will establish a new joint venture, with
ITOCHU Corporation and a China-based company, in October 2012. The new joint
venture, will be engaged in the manufacturing and sale of snack food in
Zhejiang, China, and will be capitalized at USD 20 million in total. The new
joint venture will start businesses in January 2013. Calbee, ITOCHU Corporation
and the China-based company, will hold 51%, 4% and 45% stakes in the joint
venture, respectively.
Mazda Motor Corporation Sells Shares of Subsidiary to Itochu Corporation
Jul 20, 2012
Mazda Motor Corporation announced that it has sold 6,807,000 shares (a
70% stake), of Toyo Advanced Technologes Co.,Ltd., at the price of JPY 21
billion, to Itochu Corporation.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
55,197.5 |
53,159.3 |
42,613.2 |
36,761.3 |
34,025.8 |
|
Revenue |
55,197.5 |
53,159.3 |
42,613.2 |
36,761.3 |
34,025.8 |
|
Total Revenue |
55,197.5 |
53,159.3 |
42,613.2 |
36,761.3 |
34,025.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
44,158.9 |
41,040.5 |
31,219.1 |
26,815.6 |
23,471.7 |
|
Cost of Revenue, Total |
44,158.9 |
41,040.5 |
31,219.1 |
26,815.6 |
23,471.7 |
|
Gross Profit |
11,038.6 |
12,118.9 |
11,394.1 |
9,945.7 |
10,554.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
8,095.2 |
8,666.3 |
4,517.1 |
4,880.6 |
4,676.4 |
|
Labor & Related Expense |
- |
- |
3,776.3 |
3,403.2 |
2,967.6 |
|
Total Selling/General/Administrative Expenses |
8,095.2 |
8,666.3 |
8,293.4 |
8,283.8 |
7,644.0 |
|
Other Unusual Expense (Income) |
- |
- |
109.7 |
75.8 |
166.6 |
|
Unusual Expense (Income) |
- |
- |
109.7 |
75.8 |
166.6 |
|
Total Operating Expense |
52,254.1 |
49,706.7 |
39,622.2 |
35,175.2 |
31,282.3 |
|
|
|
|
|
|
|
|
Operating Income |
2,943.4 |
3,452.6 |
2,991.0 |
1,586.1 |
2,743.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-279.7 |
-291.1 |
-315.1 |
-379.3 |
-454.9 |
|
Interest Expense, Net Non-Operating |
-279.7 |
-291.1 |
-315.1 |
-379.3 |
-454.9 |
|
Interest Income -
Non-Operating |
110.3 |
128.7 |
120.0 |
106.6 |
161.7 |
|
Investment Income -
Non-Operating |
970.0 |
619.9 |
-170.6 |
263.0 |
119.2 |
|
Interest/Investment Income - Non-Operating |
1,080.3 |
748.6 |
-50.7 |
369.6 |
280.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
800.6 |
457.5 |
-365.8 |
-9.6 |
-174.0 |
|
Gain (Loss) on Sale of Assets |
-111.8 |
-85.4 |
-393.7 |
-92.0 |
-451.9 |
|
Other Non-Operating Income (Expense) |
117.4 |
496.1 |
-103.7 |
183.1 |
-44.9 |
|
Other, Net |
117.4 |
496.1 |
-103.7 |
183.1 |
-44.9 |
|
Income Before Tax |
3,749.7 |
4,320.8 |
2,127.8 |
1,667.6 |
2,072.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
1,136.9 |
1,545.4 |
800.5 |
554.9 |
724.1 |
|
Income After Tax |
2,612.7 |
2,775.3 |
1,327.3 |
1,112.7 |
1,348.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-269.7 |
-270.9 |
-154.5 |
-124.1 |
-113.6 |
|
Equity In Affiliates |
1,035.2 |
1,301.2 |
707.4 |
390.2 |
411.0 |
|
Net Income Before Extraord Items |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,646.1 |
|
Accounting Change |
- |
- |
- |
- |
-0.1 |
|
Total Extraord Items |
- |
- |
- |
- |
-0.1 |
|
Net Income |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,645.9 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,646.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,645.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1,580.5 |
1,580.5 |
1,580.6 |
1,580.4 |
1,580.6 |
|
Basic EPS Excl Extraord Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.04 |
|
Basic/Primary EPS Incl Extraord Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.04 |
|
Dilution Adjustment |
- |
- |
-2.8 |
-3.1 |
-11.0 |
|
Diluted Net Income |
3,378.3 |
3,805.7 |
1,877.4 |
1,375.8 |
1,634.9 |
|
Diluted Weighted Average Shares |
1,580.5 |
1,580.5 |
1,580.6 |
1,580.4 |
1,580.6 |
|
Diluted EPS Excl Extraord Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.03 |
|
Diluted EPS Incl Extraord Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.03 |
|
Dividends per Share - Common Stock Primary Issue |
0.48 |
0.56 |
0.21 |
0.16 |
0.18 |
|
Gross Dividends - Common Stock |
762.6 |
881.4 |
332.3 |
255.3 |
291.2 |
|
Interest Expense, Supplemental |
279.7 |
291.1 |
315.1 |
379.3 |
454.9 |
|
Depreciation, Supplemental |
1,050.6 |
- |
886.4 |
821.8 |
514.8 |
|
Total Special Items |
111.8 |
85.4 |
503.4 |
167.8 |
618.5 |
|
Normalized Income Before Tax |
3,861.4 |
4,406.2 |
2,631.2 |
1,835.3 |
2,691.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
33.9 |
30.6 |
189.4 |
55.8 |
216.1 |
|
Inc Tax Ex Impact of Sp Items |
1,170.8 |
1,576.0 |
989.8 |
610.7 |
940.1 |
|
Normalized Income After Tax |
2,690.6 |
2,830.2 |
1,641.3 |
1,224.6 |
1,751.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,456.1 |
3,860.6 |
2,194.2 |
1,490.8 |
2,048.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.19 |
2.44 |
1.39 |
0.94 |
1.30 |
|
Diluted Normalized EPS |
2.19 |
2.44 |
1.39 |
0.94 |
1.29 |
|
Amort of Intangibles, Supplemental |
- |
- |
- |
- |
131.9 |
|
Rental Expenses |
- |
- |
- |
- |
457.4 |
|
Reported Operating Profit |
2,943.4 |
3,452.6 |
2,991.0 |
1,586.1 |
2,743.4 |
|
Normalized EBIT |
2,943.4 |
3,452.6 |
3,100.7 |
1,661.9 |
2,910.1 |
|
Normalized EBITDA |
3,994.0 |
3,452.6 |
3,987.1 |
2,483.7 |
3,556.9 |
|
Current Tax - Total |
945.2 |
1,131.1 |
967.4 |
- |
- |
|
Current Tax - Total |
945.2 |
1,131.1 |
967.4 |
- |
- |
|
Deferred Tax - Total |
191.8 |
414.3 |
-166.9 |
- |
- |
|
Deferred Tax - Total |
191.8 |
414.3 |
-166.9 |
- |
- |
|
Income Tax - Total |
1,136.9 |
1,545.4 |
800.5 |
- |
- |
|
Interest Cost - Domestic |
63.8 |
78.4 |
73.3 |
60.5 |
60.5 |
|
Service Cost - Domestic |
105.3 |
147.9 |
100.8 |
82.8 |
88.5 |
|
Prior Service Cost - Domestic |
-66.4 |
-68.8 |
-63.8 |
-59.7 |
-54.6 |
|
Expected Return on Assets - Domestic |
-87.7 |
-89.2 |
-85.1 |
-74.0 |
-79.5 |
|
Actuarial Gains and Losses - Domestic |
138.3 |
147.4 |
127.8 |
174.8 |
112.6 |
|
Curtailments & Settlements - Domestic |
- |
- |
- |
0.0 |
-12.2 |
|
Other Pension, Net - Domestic |
0.1 |
- |
- |
- |
- |
|
Domestic Pension Plan Expense |
153.5 |
215.7 |
152.9 |
184.4 |
115.3 |
|
Defined Contribution Expense - Domestic |
- |
- |
34.4 |
27.4 |
22.3 |
|
Defined Contribution Expense Retirement |
38.5 |
58.0 |
- |
- |
- |
|
Total Pension Expense |
191.9 |
273.8 |
187.4 |
211.8 |
137.6 |
|
Discount Rate - Domestic |
1.70% |
2.10% |
2.10% |
2.20% |
2.30% |
|
Expected Rate of Return - Domestic |
2.80% |
2.80% |
2.80% |
2.80% |
2.80% |
|
Compensation Rate - Domestic |
3.40% |
3.40% |
3.40% |
1.10% |
1.00% |
|
Total Plan Interest Cost |
63.8 |
78.4 |
73.3 |
60.5 |
60.5 |
|
Total Plan Service Cost |
105.3 |
147.9 |
100.8 |
82.8 |
88.5 |
|
Total Plan Expected Return |
-87.7 |
-89.2 |
-85.1 |
-74.0 |
-79.5 |
|
Total Plan Other Expense |
0.1 |
- |
- |
- |
- |
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 |
Restated 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 |
Deloitte &
Touche LLP |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
6,130.8 |
6,295.6 |
7,700.0 |
5,171.2 |
6,404.4 |
|
Short Term Investments |
38.8 |
33.6 |
43.0 |
76.4 |
93.3 |
|
Cash and Short Term Investments |
6,169.6 |
6,329.2 |
7,743.0 |
5,247.6 |
6,497.6 |
|
Accounts Receivable -
Trade, Gross |
16,408.5 |
18,169.0 |
15,475.3 |
13,782.3 |
11,491.7 |
|
Provision for Doubtful
Accounts |
-87.6 |
-133.2 |
-137.7 |
-158.7 |
-140.4 |
|
Trade Accounts Receivable - Net |
16,320.9 |
18,035.9 |
15,337.6 |
13,623.6 |
11,351.2 |
|
Notes Receivable - Short Term |
1,709.1 |
3,967.6 |
3,247.6 |
2,675.2 |
2,718.1 |
|
Total Receivables, Net |
18,030.0 |
22,003.4 |
18,585.3 |
16,298.8 |
14,069.3 |
|
Total Inventory |
6,991.8 |
6,971.4 |
6,085.2 |
5,094.9 |
5,158.5 |
|
Prepaid Expenses |
1,171.5 |
1,504.5 |
1,209.5 |
1,083.4 |
1,232.0 |
|
Deferred Income Tax - Current Asset |
508.1 |
591.8 |
620.6 |
489.7 |
410.6 |
|
Other Current Assets |
4,925.0 |
3,627.4 |
2,866.3 |
2,751.8 |
2,379.7 |
|
Other Current Assets, Total |
5,433.2 |
4,219.2 |
3,486.8 |
3,241.5 |
2,790.3 |
|
Total Current Assets |
37,796.1 |
41,027.7 |
37,109.7 |
30,966.2 |
29,747.8 |
|
|
|
|
|
|
|
|
Buildings |
- |
5,211.0 |
4,968.8 |
4,414.3 |
3,408.2 |
|
Machinery/Equipment |
- |
6,750.3 |
6,254.0 |
5,388.6 |
4,038.1 |
|
Property/Plant/Equipment - Gross |
- |
11,961.3 |
11,222.8 |
9,802.9 |
7,446.4 |
|
Accumulated Depreciation |
-6,232.2 |
-6,642.9 |
-6,352.4 |
-5,448.8 |
-4,026.3 |
|
Property/Plant/Equipment - Net |
7,552.2 |
7,579.4 |
7,128.8 |
6,444.8 |
5,067.6 |
|
Goodwill, Net |
1,678.4 |
1,814.7 |
1,142.3 |
- |
- |
|
Intangibles, Net |
2,763.2 |
2,647.4 |
1,804.2 |
686.6 |
610.0 |
|
LT Investment - Affiliate Companies |
17,489.6 |
16,936.9 |
11,888.5 |
10,045.9 |
7,634.5 |
|
Long Term Investments |
17,489.6 |
16,936.9 |
11,888.5 |
10,045.9 |
7,634.5 |
|
Note Receivable - Long Term |
1,485.7 |
1,665.3 |
1,680.9 |
1,749.9 |
1,573.6 |
|
Pension Benefits - Overfunded |
2.4 |
0.8 |
4.4 |
81.4 |
10.9 |
|
Deferred Income Tax - Long Term Asset |
546.8 |
979.9 |
1,366.5 |
1,159.2 |
1,380.9 |
|
Other Long Term Assets |
6,332.0 |
6,333.6 |
6,367.8 |
7,479.6 |
6,542.1 |
|
Other Long Term Assets, Total |
6,881.1 |
7,314.3 |
7,738.7 |
8,720.2 |
7,933.9 |
|
Total Assets |
75,646.2 |
78,985.8 |
68,493.1 |
58,613.5 |
52,567.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
13,697.4 |
15,295.5 |
12,988.8 |
11,690.1 |
9,184.5 |
|
Accrued Expenses |
1,771.9 |
1,903.1 |
1,575.6 |
1,336.4 |
1,266.2 |
|
Notes Payable/Short Term Debt |
6,549.8 |
7,154.0 |
4,849.9 |
3,794.0 |
6,811.3 |
|
Current Portion - Long Term Debt/Capital Leases |
496.0 |
433.3 |
567.8 |
649.9 |
917.6 |
|
Income Taxes Payable |
401.3 |
589.3 |
683.1 |
414.8 |
460.4 |
|
Deferred Income Tax - Current Liability |
6.1 |
8.4 |
10.5 |
9.3 |
10.0 |
|
Other Current Liabilities |
3,392.5 |
4,367.8 |
3,982.1 |
3,429.9 |
3,098.8 |
|
Other Current liabilities, Total |
3,799.9 |
4,965.4 |
4,675.7 |
3,854.0 |
3,569.1 |
|
Total Current Liabilities |
26,315.0 |
29,751.3 |
24,657.8 |
21,324.5 |
21,748.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
26,016.6 |
27,428.6 |
26,071.1 |
22,555.5 |
19,585.1 |
|
Total Long Term Debt |
26,016.6 |
27,428.6 |
26,071.1 |
22,555.5 |
19,585.1 |
|
Total Debt |
33,062.4 |
35,016.0 |
31,488.8 |
26,999.5 |
27,314.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
469.9 |
437.4 |
250.7 |
235.8 |
177.2 |
|
Deferred Income Tax |
469.9 |
437.4 |
250.7 |
235.8 |
177.2 |
|
Minority Interest |
3,690.0 |
4,034.0 |
2,928.1 |
2,278.8 |
1,902.8 |
|
Pension Benefits - Underfunded |
391.2 |
780.5 |
634.2 |
463.5 |
553.8 |
|
Other Long Term Liabilities |
- |
- |
0.0 |
- |
- |
|
Other Liabilities, Total |
391.2 |
780.5 |
634.2 |
463.5 |
553.8 |
|
Total Liabilities |
56,882.7 |
62,431.9 |
54,542.0 |
46,858.2 |
43,967.6 |
|
|
|
|
|
|
|
|
Common Stock |
2,149.5 |
2,454.8 |
2,440.2 |
2,164.4 |
2,047.6 |
|
Common Stock |
2,149.5 |
2,454.8 |
2,440.2 |
2,164.4 |
2,047.6 |
|
Additional Paid-In Capital |
16,849.1 |
16,829.5 |
13,659.9 |
10,935.2 |
9,323.4 |
|
Retained Earnings (Accumulated Deficit) |
313.9 |
268.7 |
220.3 |
172.5 |
133.5 |
|
Treasury Stock - Common |
-28.7 |
-32.6 |
-32.3 |
-28.8 |
-27.4 |
|
Unrealized Gain (Loss) |
1,052.4 |
797.2 |
640.1 |
433.9 |
138.6 |
|
Translation Adjustment |
-612.2 |
-2,534.2 |
-1,832.0 |
-964.1 |
-1,876.7 |
|
Minimum Pension Liability Adjustment |
-928.6 |
-1,187.8 |
-1,127.2 |
-925.5 |
-1,073.3 |
|
Other Comprehensive Income |
-31.7 |
-41.6 |
-17.8 |
-32.3 |
-65.6 |
|
Other Equity, Total |
-1,572.5 |
-3,763.6 |
-2,977.0 |
-1,921.9 |
-3,015.7 |
|
Total Equity |
18,763.5 |
16,553.9 |
13,951.1 |
11,755.3 |
8,599.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
75,646.2 |
78,985.8 |
68,493.1 |
58,613.5 |
52,567.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
|
Total Common Shares Outstanding |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
|
Treasury Shares - Common Stock Primary Issue |
4.4 |
4.4 |
4.4 |
4.4 |
4.4 |
|
Employees |
77,513 |
70,639 |
62,635 |
62,379 |
55,431 |
|
Number of Common Shareholders |
121,608 |
113,667 |
98,185 |
76,637 |
84,209 |
|
Deferred Revenue - Current |
- |
1,160.1 |
1,022.1 |
856.5 |
979.7 |
|
Total Long Term Debt, Supplemental |
26,512.6 |
27,862.0 |
26,628.7 |
23,205.4 |
20,507.3 |
|
Long Term Debt Maturing within 1 Year |
496.0 |
433.3 |
567.8 |
649.9 |
917.6 |
|
Long Term Debt Maturing in Year 2 |
4,599.4 |
4,201.0 |
4,128.1 |
3,311.5 |
2,761.3 |
|
Long Term Debt Maturing in Year 3 |
4,253.9 |
5,215.3 |
3,848.2 |
3,421.4 |
2,406.8 |
|
Long Term Debt Maturing in Year 4 |
3,281.1 |
3,552.4 |
4,109.2 |
3,103.1 |
2,767.1 |
|
Long Term Debt Maturing in Year 5 |
3,142.9 |
3,455.0 |
3,098.7 |
2,984.0 |
2,839.6 |
|
Long Term Debt Maturing in 2-3 Years |
8,853.3 |
9,416.3 |
7,976.3 |
6,732.9 |
5,168.1 |
|
Long Term Debt Maturing in 4-5 Years |
6,424.0 |
7,007.4 |
7,208.0 |
6,087.0 |
5,606.7 |
|
Long Term Debt Matur. in Year 6 & Beyond |
10,739.3 |
11,004.9 |
10,876.7 |
9,735.6 |
8,814.9 |
|
Total Capital Leases, Supplemental |
1,032.2 |
1,189.2 |
1,281.4 |
1,126.3 |
514.2 |
|
Capital Lease Payments Due in Year 1 |
195.3 |
214.6 |
235.4 |
196.7 |
116.0 |
|
Capital Lease Payments Due in Year 2 |
192.6 |
189.5 |
184.8 |
172.5 |
108.6 |
|
Capital Lease Payments Due in Year 3 |
143.7 |
164.0 |
163.6 |
128.0 |
84.4 |
|
Capital Lease Payments Due in Year 4 |
119.2 |
156.6 |
137.1 |
108.3 |
56.0 |
|
Capital Lease Payments Due in Year 5 |
86.6 |
112.0 |
134.0 |
108.7 |
32.3 |
|
Capital Lease Payments Due in 2-3 Years |
336.3 |
353.5 |
348.4 |
300.5 |
193.1 |
|
Capital Lease Payments Due in 4-5 Years |
205.8 |
268.6 |
271.1 |
217.0 |
88.4 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
294.8 |
352.5 |
426.4 |
412.2 |
116.7 |
|
Total Operating Leases, Supplemental |
3,426.9 |
3,619.2 |
2,201.4 |
1,581.0 |
1,099.4 |
|
Operating Lease Payments Due in Year 1 |
481.1 |
509.0 |
374.0 |
313.6 |
267.4 |
|
Operating Lease Payments Due in Year 2 |
423.3 |
422.4 |
349.8 |
244.3 |
172.2 |
|
Operating Lease Payments Due in Year 3 |
359.7 |
382.1 |
302.2 |
200.5 |
121.1 |
|
Operating Lease Payments Due in Year 4 |
317.7 |
324.1 |
262.4 |
173.2 |
97.3 |
|
Operating Lease Payments Due in Year 5 |
292.7 |
296.8 |
226.7 |
152.7 |
84.0 |
|
Operating Lease Pymts. Due in 2-3 Years |
783.1 |
804.5 |
652.0 |
444.8 |
293.3 |
|
Operating Lease Pymts. Due in 4-5 Years |
610.4 |
620.9 |
489.1 |
325.9 |
181.3 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
1,552.2 |
1,684.7 |
686.3 |
496.7 |
357.4 |
|
Pension Obligation - Domestic |
3,275.4 |
3,821.0 |
3,700.4 |
3,298.4 |
2,983.6 |
|
Plan Assets - Domestic |
2,886.6 |
3,041.3 |
3,070.6 |
2,916.3 |
2,440.8 |
|
Funded Status - Domestic |
-388.8 |
-779.7 |
-629.8 |
-382.2 |
-542.9 |
|
Total Funded Status |
-388.8 |
-779.7 |
-629.8 |
-382.2 |
-542.9 |
|
Discount Rate - Domestic |
1.60% |
2.10% |
2.10% |
2.10% |
2.20% |
|
Expected Rate of Return - Domestic |
2.80% |
- |
- |
- |
- |
|
Compensation Rate - Domestic |
3.60% |
3.40% |
3.40% |
3.40% |
1.10% |
|
Other Assets, Net - Domestic |
1,574.1 |
2,013.5 |
1,916.0 |
1,674.4 |
1,771.7 |
|
Net Assets Recognized on Balance Sheet |
1,574.1 |
2,013.5 |
1,916.0 |
1,674.4 |
1,771.7 |
|
Equity % - Domestic |
- |
- |
- |
- |
38.20% |
|
Debt Securities % - Domestic |
- |
- |
- |
- |
39.60% |
|
Total Plan Obligations |
3,275.4 |
3,821.0 |
3,700.4 |
3,298.4 |
2,983.6 |
|
Total Plan Assets |
2,886.6 |
3,041.3 |
3,070.6 |
2,916.3 |
2,440.8 |
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 |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte Touche
Tohmatsu LLC |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
3,647.9 |
4,076.6 |
2,034.7 |
1,502.9 |
1,645.9 |
|
Depreciation |
1,050.6 |
977.3 |
886.4 |
821.8 |
646.7 |
|
Depreciation/Depletion |
1,050.6 |
977.3 |
886.4 |
821.8 |
646.7 |
|
Unusual Items |
-440.9 |
-381.3 |
838.6 |
-10.9 |
681.4 |
|
Equity in Net Earnings (Loss) |
-408.6 |
-747.2 |
-411.2 |
-180.7 |
-221.9 |
|
Other Non-Cash Items |
4.1 |
62.4 |
109.7 |
75.8 |
280.2 |
|
Non-Cash Items |
-845.4 |
-1,066.1 |
537.1 |
-115.8 |
739.7 |
|
Accounts Receivable |
-106.0 |
-2,677.1 |
-345.6 |
-1,312.3 |
3,325.6 |
|
Inventories |
-606.0 |
-723.9 |
-553.6 |
530.0 |
-71.5 |
|
Other Assets |
-129.7 |
-364.7 |
-65.1 |
-157.5 |
-156.3 |
|
Accounts Payable |
71.6 |
2,296.3 |
626.3 |
1,598.9 |
-3,053.8 |
|
Other Liabilities |
-146.2 |
79.5 |
115.4 |
290.3 |
-26.2 |
|
Other Operating Cash Flow |
24.1 |
97.4 |
677.9 |
19.7 |
-294.9 |
|
Changes in Working Capital |
-892.3 |
-1,292.4 |
455.3 |
969.2 |
-277.2 |
|
Cash from Operating Activities |
2,960.8 |
2,695.4 |
3,913.6 |
3,178.1 |
2,755.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,553.7 |
-1,875.6 |
-1,263.0 |
-1,023.5 |
-1,305.6 |
|
Capital Expenditures |
-1,553.7 |
-1,875.6 |
-1,263.0 |
-1,023.5 |
-1,305.6 |
|
Acquisition of Business |
-238.7 |
-474.6 |
0.0 |
-43.0 |
56.9 |
|
Sale of Fixed Assets |
187.1 |
193.5 |
312.7 |
140.7 |
134.7 |
|
Sale/Maturity of Investment |
703.0 |
572.0 |
116.9 |
177.2 |
152.3 |
|
Investment, Net |
-954.3 |
-3,148.7 |
-918.4 |
-951.3 |
-1,697.3 |
|
Purchase of Investments |
-72.7 |
-164.0 |
-703.4 |
-195.0 |
-126.9 |
|
Other Investing Cash Flow |
-481.1 |
-375.0 |
-239.0 |
-217.4 |
-458.8 |
|
Other Investing Cash Flow Items, Total |
-856.7 |
-3,396.8 |
-1,431.1 |
-1,088.8 |
-1,939.0 |
|
Cash from Investing Activities |
-2,410.4 |
-5,272.4 |
-2,694.2 |
-2,112.3 |
-3,244.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-222.2 |
-292.8 |
41.0 |
-66.6 |
-49.3 |
|
Financing Cash Flow Items |
-222.2 |
-292.8 |
41.0 |
-66.6 |
-49.3 |
|
Cash Dividends Paid - Common |
-905.6 |
-510.8 |
-304.6 |
-306.3 |
-314.8 |
|
Total Cash Dividends Paid |
-905.6 |
-510.8 |
-304.6 |
-306.3 |
-314.8 |
|
Common Stock, Net |
-0.1 |
-0.2 |
2.1 |
-1.2 |
-1.2 |
|
Issuance (Retirement) of Stock, Net |
-0.1 |
-0.2 |
2.1 |
-1.2 |
-1.2 |
|
Short Term Debt, Net |
-495.4 |
2,091.7 |
367.1 |
-3,504.1 |
2,548.7 |
|
Long Term Debt Issued |
5,681.0 |
5,175.1 |
3,556.7 |
4,967.9 |
3,826.6 |
|
Long Term Debt
Reduction |
-4,194.2 |
-5,390.2 |
-3,041.4 |
-3,876.2 |
-3,439.2 |
|
Long Term Debt, Net |
1,486.8 |
-215.1 |
515.3 |
1,091.7 |
387.4 |
|
Issuance (Retirement) of Debt, Net |
991.4 |
1,876.5 |
882.4 |
-2,412.4 |
2,936.0 |
|
Cash from Financing Activities |
-136.5 |
1,072.7 |
620.9 |
-2,786.6 |
2,570.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
263.7 |
-18.8 |
-52.6 |
73.0 |
-265.1 |
|
Net Change in Cash |
677.7 |
-1,523.1 |
1,787.7 |
-1,647.8 |
1,816.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
6,188.8 |
8,026.2 |
5,608.1 |
6,765.8 |
4,441.6 |
|
Net Cash - Ending Balance |
6,866.5 |
6,503.1 |
7,395.8 |
5,118.0 |
6,257.9 |
|
Cash Interest Paid |
281.6 |
292.7 |
328.8 |
397.4 |
473.2 |
|
Cash Taxes Paid |
997.0 |
1,140.3 |
758.2 |
755.0 |
1,007.6 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
51,174.5 |
48,128.0 |
37,261.0 |
31,047.6 |
28,079.5 |
|
G/L-Trade & Commission |
4,023.0 |
5,031.4 |
5,352.2 |
5,713.7 |
5,946.3 |
|
Total Revenue |
55,197.5 |
53,159.3 |
42,613.2 |
36,761.3 |
34,025.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
44,158.9 |
41,040.5 |
31,219.1 |
26,815.6 |
23,471.7 |
|
Selling, general and administrative expe |
8,091.1 |
8,603.9 |
- |
- |
- |
|
Provision Of Allowance For Doubtful Acco |
4.1 |
62.4 |
- |
- |
- |
|
Labor cost |
- |
- |
3,776.3 |
3,403.2 |
2,967.6 |
|
Commission and Logistics Expenses |
- |
- |
2,121.6 |
2,609.2 |
2,526.8 |
|
Rental & Depreciation Expenses |
- |
- |
996.6 |
985.6 |
856.9 |
|
Traveling & Communication Expenses |
- |
- |
- |
203.4 |
251.8 |
|
Other SG&A Expenses |
- |
- |
1,398.9 |
1,082.5 |
1,041.0 |
|
Allow.Doubt.Acct. |
- |
- |
109.7 |
75.8 |
166.6 |
|
Total Operating Expense |
52,254.1 |
49,706.7 |
39,622.2 |
35,175.2 |
31,282.3 |
|
|
|
|
|
|
|
|
Interest Income |
110.3 |
128.7 |
120.0 |
106.6 |
161.7 |
|
Interest Expense |
-279.7 |
-291.1 |
-315.1 |
-379.3 |
-454.9 |
|
Dividend Income |
417.3 |
354.6 |
274.3 |
310.9 |
348.7 |
|
G/L Invest & Marketable Securities |
552.7 |
265.2 |
-444.9 |
-47.9 |
-229.5 |
|
Loss on Fixed Assets |
-111.8 |
-85.4 |
-393.7 |
-92.0 |
-451.9 |
|
Pur. sub. related gain |
0.0 |
201.5 |
0.0 |
150.8 |
0.0 |
|
Other Gain/Loss |
117.4 |
294.6 |
-103.7 |
32.3 |
-44.9 |
|
Net Income Before Taxes |
3,749.7 |
4,320.8 |
2,127.8 |
1,667.6 |
2,072.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1,136.9 |
1,545.4 |
800.5 |
554.9 |
724.1 |
|
Net Income After Taxes |
2,612.7 |
2,775.3 |
1,327.3 |
1,112.7 |
1,348.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-269.7 |
-270.9 |
-154.5 |
-124.1 |
-113.6 |
|
Inv.Income-Equity |
1,035.2 |
1,301.2 |
707.4 |
390.2 |
411.0 |
|
Net Income Before Extra. Items |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,646.1 |
|
Accounting Change |
- |
- |
- |
- |
-0.1 |
|
Net Income |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,645.9 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,646.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
3,378.3 |
3,805.7 |
1,880.2 |
1,378.9 |
1,645.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1,580.5 |
1,580.5 |
1,580.6 |
1,580.4 |
1,580.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.04 |
|
Basic EPS Including ExtraOrdinary Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.04 |
|
Dilution Adjustment |
- |
- |
-2.8 |
-3.1 |
-11.0 |
|
Diluted Net Income |
3,378.3 |
3,805.7 |
1,877.4 |
1,375.8 |
1,634.9 |
|
Diluted Weighted Average Shares |
1,580.5 |
1,580.5 |
1,580.6 |
1,580.4 |
1,580.6 |
|
Diluted EPS Excluding ExtraOrd Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.03 |
|
Diluted EPS Including ExtraOrd Items |
2.14 |
2.41 |
1.19 |
0.87 |
1.03 |
|
DPS-Ordinary Shares |
0.48 |
0.56 |
0.21 |
0.16 |
0.18 |
|
Gross Dividends - Common Stock |
762.6 |
881.4 |
332.3 |
255.3 |
291.2 |
|
Normalized Income Before Taxes |
3,861.4 |
4,406.2 |
2,631.2 |
1,835.3 |
2,691.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1,170.8 |
1,576.0 |
989.8 |
610.7 |
940.1 |
|
Normalized Income After Taxes |
2,690.6 |
2,830.2 |
1,641.3 |
1,224.6 |
1,751.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3,456.1 |
3,860.6 |
2,194.2 |
1,490.8 |
2,048.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.19 |
2.44 |
1.39 |
0.94 |
1.30 |
|
Diluted Normalized EPS |
2.19 |
2.44 |
1.39 |
0.94 |
1.29 |
|
Interest Expense |
279.7 |
291.1 |
315.1 |
379.3 |
454.9 |
|
Amort of Intangibles |
- |
- |
- |
- |
131.9 |
|
Lease Expenses |
- |
- |
- |
- |
457.4 |
|
BC - Depreciation of Fixed Assets |
1,050.6 |
- |
- |
- |
- |
|
Amort of Tangible Assets-Current Portion |
- |
- |
886.4 |
- |
- |
|
Depreciation |
- |
- |
- |
821.8 |
514.8 |
|
Income taxes-current |
945.2 |
1,131.1 |
967.4 |
- |
- |
|
Current Tax - Total |
945.2 |
1,131.1 |
967.4 |
- |
- |
|
Deferred Taxes |
191.8 |
414.3 |
-166.9 |
- |
- |
|
Deferred Tax - Total |
191.8 |
414.3 |
-166.9 |
- |
- |
|
Income Tax - Total |
1,136.9 |
1,545.4 |
800.5 |
- |
- |
|
Reported Operating Profit |
2,943.4 |
3,452.6 |
2,991.0 |
1,586.1 |
2,743.4 |
|
Service Cost |
105.3 |
147.9 |
100.8 |
82.8 |
88.5 |
|
Interest Cost |
63.8 |
78.4 |
73.3 |
60.5 |
60.5 |
|
Expected Return of Plan Assets |
-87.7 |
-89.2 |
-85.1 |
-74.0 |
-79.5 |
|
Retirement Benefit Expenses Gain Or Loss |
-0.7 |
- |
- |
- |
- |
|
Retirement Benefit Expenses Liquidation |
0.9 |
- |
- |
- |
- |
|
Prior Pension Cost |
-66.4 |
-68.8 |
-63.8 |
-59.7 |
-54.6 |
|
Actuarial G/L |
138.3 |
147.4 |
127.8 |
174.8 |
112.6 |
|
Curtailments & Settlements |
- |
- |
- |
0.0 |
-12.2 |
|
Domestic Pension Plan Expense |
153.5 |
215.7 |
152.9 |
184.4 |
115.3 |
|
Defined Contribution Expense Retirement |
38.5 |
58.0 |
- |
- |
- |
|
Defined Contribution Expense |
- |
- |
34.4 |
27.4 |
22.3 |
|
Total Pension Expense |
191.9 |
273.8 |
187.4 |
211.8 |
137.6 |
|
Discount Rate |
1.70% |
2.10% |
2.10% |
2.20% |
2.30% |
|
Expected Rate of Return |
2.80% |
2.80% |
2.80% |
2.80% |
2.80% |
|
Compensation Rate |
3.40% |
3.40% |
3.40% |
1.10% |
1.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated
Normal |
Updated
Normal |
Restated 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 |
Deloitte &
Touche LLP |
Deloitte Touche Tohmatsu
LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash &
Equival. |
6,055.1 |
6,232.8 |
7,646.7 |
5,090.7 |
6,366.5 |
|
Time Deposits |
75.7 |
62.8 |
53.3 |
80.5 |
37.8 |
|
Short-term
investment securities |
38.8 |
33.6 |
43.0 |
76.4 |
93.3 |
|
Notes
receivable-trade |
1,709.1 |
2,033.4 |
1,876.2 |
1,644.8 |
1,635.4 |
|
Accounts
receivable-trade |
16,408.5 |
18,169.0 |
15,475.3 |
13,782.3 |
11,491.7 |
|
Allow.Doubt.Acct |
-87.6 |
-133.2 |
-137.7 |
-158.7 |
-140.4 |
|
Loan to Affiliat |
- |
1,934.2 |
1,371.5 |
1,030.4 |
1,082.7 |
|
Inventories |
6,991.8 |
6,971.4 |
6,085.2 |
5,094.9 |
5,158.5 |
|
Advance
payments-trade |
753.2 |
1,116.3 |
865.1 |
779.9 |
930.2 |
|
Prepaid Expenses |
418.3 |
388.2 |
344.4 |
303.5 |
301.9 |
|
Deferred Tax |
508.1 |
591.8 |
620.6 |
489.7 |
410.6 |
|
Receivable From Subsidiaries
And Affilia |
2,066.7 |
- |
- |
- |
- |
|
Other |
2,858.4 |
3,627.4 |
2,866.3 |
2,751.8 |
2,379.7 |
|
Total Current
Assets |
37,796.1 |
41,027.7 |
37,109.7 |
30,966.2 |
29,747.8 |
|
|
|
|
|
|
|
|
Invest. in Affil |
17,489.6 |
16,936.9 |
11,888.5 |
10,045.9 |
7,634.5 |
|
Other Investments |
5,636.1 |
5,875.0 |
5,957.5 |
4,819.6 |
4,313.6 |
|
Other LT Loans |
1,485.7 |
1,665.3 |
1,680.9 |
1,749.9 |
1,573.6 |
|
Investments And
Other Assets |
1,077.7 |
969.5 |
1,023.9 |
- |
- |
|
Provision for
Doubt. Acct. |
-381.9 |
-510.9 |
-613.5 |
-640.8 |
-614.6 |
|
Land |
1,491.6 |
1,862.5 |
1,915.6 |
1,760.7 |
1,477.0 |
|
Buildings |
- |
5,211.0 |
4,968.8 |
4,414.3 |
3,408.2 |
|
Mach.&Equipment |
- |
5,766.8 |
5,249.5 |
4,501.7 |
3,330.4 |
|
Furniture &
Fixtures |
- |
983.4 |
1,004.5 |
886.9 |
707.8 |
|
Other |
1,767.5 |
1,633.8 |
1,163.0 |
- |
- |
|
Mining
Right |
995.7 |
1,013.5 |
641.1 |
686.6 |
610.0 |
|
Constr.-in-Prog. |
612.1 |
398.5 |
342.9 |
330.0 |
170.6 |
|
Depreciation |
-6,232.2 |
-6,642.9 |
-6,352.4 |
-5,448.8 |
-4,026.3 |
|
Prepaid Pension |
2.4 |
0.8 |
4.4 |
81.4 |
10.9 |
|
Deferred tax
assets |
546.8 |
979.9 |
1,366.5 |
1,159.2 |
1,380.9 |
|
Other Assets |
- |
- |
- |
3,300.8 |
2,843.1 |
|
Goodwill |
1,678.4 |
1,814.7 |
1,142.3 |
- |
- |
|
Machinery
And Equipment |
5,924.5 |
- |
- |
- |
- |
|
Furniture
And Fixtures |
895.8 |
- |
- |
- |
- |
|
Buildings |
4,860.3 |
- |
- |
- |
- |
|
Total Assets |
75,646.2 |
78,985.8 |
68,493.1 |
58,613.5 |
52,567.5 |
|
|
|
|
|
|
|
|
Short-term loans
payable |
4,632.7 |
5,040.6 |
2,918.9 |
2,453.3 |
5,448.6 |
|
Curr. LT Debt |
496.0 |
433.3 |
567.8 |
649.9 |
917.6 |
|
Notes
payable-trade |
1,917.2 |
2,113.5 |
1,931.1 |
1,340.7 |
1,362.7 |
|
Accounts
payable-trade |
13,697.4 |
15,295.5 |
12,988.8 |
11,690.1 |
9,184.5 |
|
Debt-Affiliates |
452.8 |
465.7 |
346.5 |
272.2 |
168.2 |
|
Accrued Expenses |
1,771.9 |
1,903.1 |
1,575.6 |
1,336.4 |
1,266.2 |
|
Corp. Tax Pyable |
401.3 |
589.3 |
683.1 |
414.8 |
460.4 |
|
Advances |
708.8 |
1,160.1 |
1,022.1 |
856.5 |
979.7 |
|
Deferred Tax |
6.1 |
8.4 |
10.5 |
9.3 |
10.0 |
|
Other |
2,230.9 |
2,741.9 |
2,613.5 |
2,301.2 |
1,950.8 |
|
Total Current Liabilities |
26,315.0 |
29,751.3 |
24,657.8 |
21,324.5 |
21,748.7 |
|
|
|
|
|
|
|
|
LT Debt |
26,016.6 |
27,428.6 |
26,071.1 |
22,555.5 |
19,585.1 |
|
Total Long Term
Debt |
26,016.6 |
27,428.6 |
26,071.1 |
22,555.5 |
19,585.1 |
|
|
|
|
|
|
|
|
Retir.&Pension |
391.2 |
780.5 |
634.2 |
463.5 |
553.8 |
|
Long Term Deferred
Tax |
469.9 |
437.4 |
250.7 |
235.8 |
177.2 |
|
Equity Minority
Interests |
3,690.0 |
4,034.0 |
2,928.1 |
- |
- |
|
Minority Interest |
- |
- |
- |
2,278.8 |
1,902.8 |
|
Rounding
adjustment Liability |
- |
- |
0.0 |
- |
- |
|
Total
Liabilities |
56,882.7 |
62,431.9 |
54,542.0 |
46,858.2 |
43,967.6 |
|
|
|
|
|
|
|
|
Common Stock |
2,149.5 |
2,454.8 |
2,440.2 |
2,164.4 |
2,047.6 |
|
Paid-in-Capital |
1,205.3 |
1,364.0 |
1,379.0 |
1,471.6 |
1,388.8 |
|
Legal Reserve |
313.9 |
268.7 |
220.3 |
172.5 |
133.5 |
|
Other capital
surplus |
15,643.7 |
15,465.5 |
12,280.9 |
9,463.6 |
7,934.6 |
|
Translation
Adjust. |
-612.2 |
-2,534.2 |
-1,832.0 |
-964.1 |
-1,876.7 |
|
Pension Liability
Adjustment |
-928.6 |
-1,187.8 |
-1,127.2 |
-925.5 |
-1,073.3 |
|
Unrealized
Gain/Loss on Securities |
1,052.4 |
797.2 |
640.1 |
433.9 |
138.6 |
|
Unrealized G/L on
Valu.-Derivatives |
-31.7 |
-41.6 |
-17.8 |
-32.3 |
-65.6 |
|
Treasury Stock |
-28.7 |
-32.6 |
-32.3 |
-28.8 |
-27.4 |
|
Total Equity |
18,763.5 |
16,553.9 |
13,951.1 |
11,755.3 |
8,599.9 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
75,646.2 |
78,985.8 |
68,493.1 |
58,613.5 |
52,567.5 |
|
|
|
|
|
|
|
|
S/O-Ordinary
Shares |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
|
Total Common
Shares Outstanding |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
1,580.5 |
|
T/S-Ordinary Shares |
4.4 |
4.4 |
4.4 |
4.4 |
4.4 |
|
Deferred Revenue - Current |
- |
1,160.1 |
1,022.1 |
856.5 |
979.7 |
|
Full-Time Employees |
77,513 |
70,639 |
62,635 |
62,379 |
55,431 |
|
Total Number of Shareholders |
121,608 |
113,667 |
98,185 |
- |
- |
|
Number of Common Shareholders |
- |
- |
- |
76,637 |
84,209 |
|
Loans Payable Maturing within a Year |
- |
433.3 |
567.8 |
- |
- |
|
LT Debt, mat. within 1 yr. |
496.0 |
- |
- |
649.9 |
917.6 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
4,599.4 |
4,201.0 |
4,128.1 |
- |
- |
|
LT Debt, mat. b/w 1 & 2 yr. |
- |
- |
- |
3,311.5 |
2,761.3 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
4,253.9 |
5,215.3 |
3,848.2 |
- |
- |
|
LT Debt, mat. b/w 2 & 3 yr. |
- |
- |
- |
3,421.4 |
2,406.8 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
3,281.1 |
3,552.4 |
4,109.2 |
- |
- |
|
LT Debt, mat. b/w 3 & 4 yr. |
- |
- |
- |
3,103.1 |
2,767.1 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
3,142.9 |
3,455.0 |
3,098.7 |
- |
- |
|
LT Debt, mat. b/w 4 & 5 yr. |
- |
- |
- |
2,984.0 |
2,839.6 |
|
Loans Payable Remaining |
10,739.3 |
11,004.9 |
10,876.7 |
- |
- |
|
Other LT Debt |
- |
- |
- |
9,735.6 |
8,814.9 |
|
Total Long Term Debt, Supplemental |
26,512.6 |
27,862.0 |
26,628.7 |
23,205.4 |
20,507.3 |
|
Capital Lease Maturing within a Year |
195.3 |
214.6 |
235.4 |
- |
- |
|
CP Lease due within 1 yr. |
- |
- |
- |
196.7 |
116.0 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
192.6 |
189.5 |
184.8 |
- |
- |
|
CP Lease due within 2 yr. |
- |
- |
- |
172.5 |
108.6 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
143.7 |
164.0 |
163.6 |
- |
- |
|
CP Lease due within 3 yr. |
- |
- |
- |
128.0 |
84.4 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
119.2 |
156.6 |
137.1 |
- |
- |
|
CP Lease due within 4 yr. |
- |
- |
- |
108.3 |
56.0 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
86.6 |
112.0 |
134.0 |
- |
- |
|
CP Lease due within 5 yr. |
- |
- |
- |
108.7 |
32.3 |
|
Capital Lease Remaining |
294.8 |
352.5 |
426.4 |
- |
- |
|
Thereafter |
- |
- |
- |
412.2 |
116.7 |
|
Total Capital Leases, Supplemental |
1,032.2 |
1,189.2 |
1,281.4 |
1,126.3 |
514.2 |
|
Operating Lease Maturing within a Year |
481.1 |
509.0 |
- |
- |
- |
|
OP Lease due within 1 yr. |
- |
- |
374.0 |
313.6 |
267.4 |
|
Operating Lease Maturing over a Year wit |
423.3 |
422.4 |
- |
- |
- |
|
OP Lease due within 2 yr. |
- |
- |
349.8 |
244.3 |
172.2 |
|
Operating Lease Maturing over 2 Year wit |
359.7 |
382.1 |
- |
- |
- |
|
OP Lease due within 3 yr. |
- |
- |
302.2 |
200.5 |
121.1 |
|
Operating Lease Maturing over 3 Year wit |
317.7 |
324.1 |
- |
- |
- |
|
OP Lease due within 4 yr. |
- |
- |
262.4 |
173.2 |
97.3 |
|
Operating Lease Maturing over 4 Year wit |
292.7 |
296.8 |
- |
- |
- |
|
OP Lease due within 5 yr. |
- |
- |
226.7 |
152.7 |
84.0 |
|
Operating Lease Remaining |
1,552.2 |
1,684.7 |
- |
- |
- |
|
Thereafter |
- |
- |
686.3 |
496.7 |
357.4 |
|
Total Operating Leases, Supplemental |
3,426.9 |
3,619.2 |
2,201.4 |
1,581.0 |
1,099.4 |
|
Projected Retirement Benefit Obligation |
3,275.4 |
3,821.0 |
- |
- |
- |
|
Pension Obligation |
- |
- |
3,700.4 |
3,298.4 |
2,983.6 |
|
Plan Assets at Fair Value |
2,886.6 |
3,041.3 |
- |
- |
- |
|
FV of Plan Assets |
- |
- |
3,070.6 |
2,916.3 |
2,440.8 |
|
Unfunded Retirement Benefit Obligation |
-388.8 |
-779.7 |
- |
- |
- |
|
Funded Status |
- |
- |
-629.8 |
-382.2 |
-542.9 |
|
Total Funded Status |
-388.8 |
-779.7 |
-629.8 |
-382.2 |
-542.9 |
|
Discount Rate |
1.60% |
2.10% |
2.10% |
2.10% |
2.20% |
|
Expected return on assets(MIN)-Retiremen |
2.80% |
- |
- |
- |
- |
|
Compensation Rate |
3.60% |
3.40% |
3.40% |
3.40% |
1.10% |
|
Recognized actuarial gains and loss |
1,654.0 |
2,171.3 |
2,139.6 |
1,821.2 |
2,066.7 |
|
Recognized prior service cost |
-79.9 |
-157.9 |
-223.6 |
-146.8 |
-294.9 |
|
Net Assets Recognized on Balance Sheet |
1,574.1 |
2,013.5 |
1,916.0 |
1,674.4 |
1,771.7 |
|
Equity Securities |
- |
- |
- |
- |
38.20% |
|
Debt Securities |
- |
- |
- |
- |
39.60% |
|
Cash |
- |
- |
- |
- |
10.70% |
|
Other |
- |
- |
- |
- |
11.50% |
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 |
Restated
Normal |
Updated
Normal |
Updated
Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte Touche
Tohmatsu LLC |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
3,647.9 |
4,076.6 |
2,034.7 |
1,502.9 |
1,645.9 |
|
Depreciation |
1,050.6 |
977.3 |
886.4 |
821.8 |
646.7 |
|
Allow.Doubt.Acct. |
4.1 |
62.4 |
109.7 |
75.8 |
166.6 |
|
G/L-Mark.Sec.Invest. |
-552.7 |
-265.2 |
444.9 |
47.9 |
229.5 |
|
G/L-Fixed Assets |
111.8 |
85.4 |
393.7 |
92.0 |
451.9 |
|
Pur. sub. related
gain |
0.0 |
-201.5 |
0.0 |
-150.8 |
0.0 |
|
Inv.Income-Equity |
-408.6 |
-747.2 |
-411.2 |
-180.7 |
-221.9 |
|
Deferred Tax |
191.8 |
414.3 |
-166.9 |
-38.3 |
-227.1 |
|
G/L-Minory
Interest |
- |
- |
- |
- |
113.6 |
|
Acct. Receivables |
-106.0 |
-2,677.1 |
-345.6 |
-1,312.3 |
3,325.6 |
|
Decrease Increase
In Other Current Asset |
-159.6 |
-135.7 |
213.1 |
- |
- |
|
Loan to Affiliates |
-161.9 |
-643.3 |
-111.4 |
-27.0 |
70.8 |
|
Inventories |
-606.0 |
-723.9 |
-553.6 |
530.0 |
-71.5 |
|
Decrease Increase
In Debts From Affiliat |
-52.0 |
97.2 |
46.6 |
- |
- |
|
Acct. Payables |
123.6 |
2,199.2 |
579.8 |
1,598.9 |
-3,053.8 |
|
Incr/Decr in Other
Current Liabs CF |
-146.2 |
79.5 |
115.4 |
- |
- |
|
Debt to Affiliates |
- |
- |
- |
105.0 |
-26.2 |
|
(Inc) Dec in other
current assets |
- |
- |
- |
-92.2 |
- |
|
Inc (Dec) in other
current liabilities |
- |
- |
- |
185.4 |
- |
|
Other |
24.1 |
97.4 |
677.9 |
19.7 |
-294.9 |
|
Cash from Operating
Activities |
2,960.8 |
2,695.4 |
3,913.6 |
3,178.1 |
2,755.2 |
|
|
|
|
|
|
|
|
Capital
Expenditures |
-1,553.7 |
-1,875.6 |
-1,263.0 |
-1,023.5 |
-1,305.6 |
|
Sale of PP&E |
187.1 |
193.5 |
312.7 |
140.7 |
134.7 |
|
LT Investment
& Debt to Affiliates |
-1,333.2 |
-3,791.4 |
-1,214.7 |
-1,250.5 |
-1,903.2 |
|
LT Investment
& Debt to Affiliates' |
492.9 |
447.3 |
321.3 |
296.5 |
167.9 |
|
Purch. Investment |
-72.6 |
-164.0 |
-701.4 |
-195.0 |
-126.9 |
|
Sale Of
Investments In Subsidiaries |
-98.1 |
- |
- |
- |
- |
|
Sale Investment |
635.8 |
512.5 |
105.8 |
161.0 |
150.4 |
|
Redempt.LT inv't
in sec. |
65.7 |
59.3 |
7.2 |
15.8 |
1.9 |
|
Pruch. held to
marurity security |
-0.1 |
0.0 |
-2.0 |
0.0 |
- |
|
Redempt. held to
marurity security |
1.5 |
0.3 |
3.9 |
0.3 |
- |
|
Purch. other
investment |
-825.4 |
-692.1 |
-357.9 |
-381.6 |
-562.4 |
|
Sale other
investment |
427.0 |
231.4 |
235.5 |
119.1 |
258.4 |
|
Payment for
purchase of subsidiary |
-238.7 |
-474.6 |
0.0 |
-43.0 |
56.9 |
|
Sale Subsid. Stock |
- |
181.8 |
-34.4 |
16.9 |
45.4 |
|
LT Loan Made |
-466.6 |
-469.9 |
-474.7 |
-337.5 |
-501.1 |
|
LT Loan Collected |
383.9 |
555.6 |
358.1 |
382.6 |
346.3 |
|
Time Deposit, Net |
-16.0 |
13.6 |
9.4 |
-14.1 |
-7.5 |
|
Cash from
Investing Activities |
-2,410.4 |
-5,272.4 |
-2,694.2 |
-2,112.3 |
-3,244.6 |
|
|
|
|
|
|
|
|
LT Debt Proceed |
5,681.0 |
5,175.1 |
3,556.7 |
4,967.9 |
3,826.6 |
|
LT Debt Paid |
-4,194.2 |
-5,390.2 |
-3,041.4 |
-3,876.2 |
-3,439.2 |
|
ST Debt, Net |
-495.4 |
2,091.7 |
367.1 |
-3,504.1 |
2,548.7 |
|
Payments For Added
Subsidiary Equity Fro |
-170.5 |
-184.4 |
-383.0 |
- |
- |
|
Stock Issued to MI |
26.4 |
89.9 |
523.2 |
10.6 |
21.1 |
|
Purchase of Min.
shareholders' equity |
-905.6 |
-510.8 |
-304.6 |
-42.6 |
- |
|
Cash Dividends
Paid From Uncontrollable |
-78.1 |
-198.3 |
-99.2 |
- |
- |
|
Dividend Paid |
- |
- |
- |
-263.8 |
-314.8 |
|
Dividend Paid MI |
- |
- |
- |
-77.2 |
-70.3 |
|
Net Increase In
Treasury Stock |
-0.1 |
- |
- |
- |
- |
|
Treasury stock
transactions, net |
- |
-0.2 |
2.1 |
-1.2 |
-1.2 |
|
Cash from
Financing Activities |
-136.5 |
1,072.7 |
620.9 |
-2,786.6 |
2,570.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
263.7 |
-18.8 |
-52.6 |
73.0 |
-265.1 |
|
Net Change in
Cash |
677.7 |
-1,523.1 |
1,787.7 |
-1,647.8 |
1,816.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
6,188.8 |
8,026.2 |
5,608.1 |
6,765.8 |
4,441.6 |
|
Net Cash - Ending Balance |
6,866.5 |
6,503.1 |
7,395.8 |
5,118.0 |
6,257.9 |
|
Cash Interest Paid |
281.6 |
292.7 |
328.8 |
397.4 |
473.2 |
|
Income Taxes Paid |
997.0 |
1,140.3 |
758.2 |
- |
- |
|
Cash Taxes Paid |
- |
- |
- |
755.0 |
1,007.6 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.