MIRA INFORM
REPORT
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Report Date : |
07.09.2013 |
IDENTIFICATION DETAILS
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Name : |
MITANI SANGYO CO., LTD. |
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Registered Office : |
Nichirei
Higashi Ginza Bldg., 6-19-20, Tsukiji, Chuo-Ku, 104-8270 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
11.08.1949 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in Information System segment, Resin and Electronics segment, Chemical segment, Air Conditioning Equipment segment, Building Equipment and Machinery segment & Energy segment |
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No. of Employees : |
1,733 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Japan |
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 |
japan ECONOMIC OVERVIEW
In the years
following World War II, government-industry cooperation, a strong work ethic,
mastery of high technology, and a comparatively small defense allocation (1% of
GDP) helped Japan develop a technologically advanced economy. Two notable
characteristics of the post-war economy were the close interlocking structures
of manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared
the economy his government's top priority; he has pledged to reconsider his
predecessor's plan to permanently close nuclear power plants and is pursuing an
economic revitalization agenda of fiscal stimulus and regulatory reform and has
said he will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out Japan
in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy.
|
Source
: CIA |
Company
name & address
MITANI SANGYO CO., LTD.
Nichirei Higashi
Ginza Bldg.
6-19-20, Tsukiji
Chuo-Ku, 104-8270
Japan
Tel: 81-3-55510200
Fax: 81 (76) 261-7219
Web: www.mitani.com
synthesis
Employees: 1,733
Company Type: Public
Parent
Corporate Family: 5 Companies
Traded: Nagoya
Stock Exchange: 8285
Incorporation
Date: 11-Aug-1949
Auditor: KPMG
AZSA LLC
Financials in: USD Millions()
Fiscal Year End: 31-Mar-2013
Reporting
Currency: Japanese Yen
Annual Sales: 765.3 1
Net Income: 1.5
Total Assets: 533.5 2
Market Value: 96.3
(23-Aug-2013)
Business
Description
MITANI SANGYO
CO., LTD. is a company mainly engaged in the chemical-related business. The
Information System segment is engaged in the provision of system integration
service, package software, the construction of information infrastructure, the
maintenance of hardware and other services. The Resin and Electronics segment
offers molds, synthetic resins and electronic components. The Chemical segment
provides hydrochloric, caustic soda, and other inorganic and organic chemicals,
and functional materials and medical products. The Air Conditioning Equipment
segment offers air conditioning, plumbing sanitary and fire-fighting equipment,
as well as clean rooms. The Building Equipment and Machinery segment provides
housing facilities and kitchen units, and installment service. The Energy
segment provides petroleum products, liquefied petroleum gas (LPG), fuel
batteries for home use, solar power and wind power systems. The Others segment
is engaged in the building maintenance and management. For the three months
ended 30 June 2013, MITANI SANGYO CO., LTD. revenues increased 1% to Y13.53B.
Net loss applicable to common stockholders decreased 59% to Y252M. Revenues
reflect an increase in demand for the Company's products and services due to
favorable market conditions. Lower net loss reflects Loss On Valuation Of
Investment Securiti decrease from Y90M (expense) to Y0K, Equity In Losses Of
Affiliates decrease from Y27M (expense) to Y0K.
Industry
Industry
Chemical Wholesale
ANZSIC 2006: 3323 - Industrial and Agricultural Chemical
Product Wholesaling
ISIC Rev 4: 4669 - Wholesale of waste and scrap and
other products n.e.c.
NACE Rev 2: 4675 - Wholesale of chemical products
NAICS 2012: 42469 - Other Chemical and Allied Products
Merchant Wholesalers
UK SIC 2007: 4675 - Wholesale of chemical products
US SIC 1987: 5169 - Chemicals and Allied Products, Not
Elsewhere Classified
Key Executives
|
Name |
Title |
|
Tatsuya Aiba |
President, Chairman of a Subsidiary, Representative Director |
|
Koichi Mori |
Director of Information System Business, Director of Air Conditioning Business, Manager of Secretary's Office, Director |
|
Tomihiro Takisawa |
Executive Officer, Chief Director of Human Resources |
|
Toshio Shimizu |
Chief Director of Internal Control |
|
Mitsuru Mitani |
Chairman of the Board, Representative Director |
Financial Summary
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Stock Snapshot
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet
Item Exchange Rate: USD 1 = JPY 94.08855
Corporate
Overview
Location
Nichirei Higashi
Ginza Bldg.
6-19-20, Tsukiji
Chuo-Ku, 104-8270
Japan
Tel: 81-3-55510200
Fax: 81 (76) 261-7219
Web: www.mitani.com
Quote Symbol -
Exchange
8285 - Nagoya Stock Exchange
Sales JPY(mil): 63,494.0
Assets JPY(mil): 50,198.0
Employees: 1,733
Fiscal Year End: 31-Mar-2013
Industry: Chemical
Manufacturing
Incorporation
Date: 11-Aug-1949
Company Type: Public
Parent
Quoted Status: Quoted
President, Chairman of a Subsidiary,
Representative Director:
Tatsuya Aiba
Industry Codes
ANZSIC 2006
Codes:
3323 - Industrial
and Agricultural Chemical Product Wholesaling
7000 - Computer
System Design and Related Services
5420 - Software
Publishing
3299 - Other
Construction Services Not Elsewhere Classified
3494 - Other
Electrical and Electronic Goods Wholesaling
1813 - Basic
Inorganic Chemical Manufacturing
6720 - Real
Estate Services
3731 - Furniture
and Floor Covering Wholesaling
3321 - Petroleum
Product Wholesaling
ISIC Rev 4 Codes:
4669 - Wholesale
of waste and scrap and other products n.e.c.
4659 - Wholesale
of other machinery and equipment
5820 - Software
publishing
4390 - Other
specialized construction activities
6820 - Real
estate activities on a fee or contract basis
2011 - Manufacture
of basic chemicals
6202 - Computer
consultancy and computer facilities management activities
4661 - Wholesale
of solid, liquid and gaseous fuels and related products
4649 - Wholesale
of other household goods
NACE Rev 2 Codes:
4675 - Wholesale
of chemical products
4669 - Wholesale
of other machinery and equipment
4399 - Other
specialised construction activities n.e.c.
6831 - Real
estate agencies
5829 - Other
software publishing
4671 - Wholesale
of solid, liquid and gaseous fuels and related products
2013 - Manufacture
of other inorganic basic chemicals
6202 - Computer consultancy activities
4649 - Wholesale
of other household goods
NAICS 2012 Codes:
42469 - Other
Chemical and Allied Products Merchant Wholesalers
423610 - Electrical
Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant
Wholesalers
325180 - Other
Basic Inorganic Chemical Manufacturing
541512 - Computer
Systems Design Services
511210 - Software
Publishers
238290 - Other
Building Equipment Contractors
531210 - Offices
of Real Estate Agents and Brokers
424610 - Plastics
Materials and Basic Forms and Shapes Merchant Wholesalers
423220 - Home
Furnishing Merchant Wholesalers
424720 - Petroleum
and Petroleum Products Merchant Wholesalers (except Bulk Stations and
Terminals)
US SIC 1987:
5169 - Chemicals
and Allied Products, Not Elsewhere Classified
6531 - Real
Estate Agents and Managers
2819 - Industrial
Inorganic Chemicals, Not Elsewhere Classified
7373 - Computer
Integrated Systems Design
5063 - Electrical
Apparatus and Equipment Wiring Supplies, and Construction Materials
1796 - Installation
or Erection of Building Equipment, Not Elsewhere Classified
7372 - Prepackaged
Software
5162 - Plastics
Materials and Basic Forms and Shapes
5172 - Petroleum
and Petroleum Products Wholesalers, Except Bulk Stations and Terminals
5023 - Home
furnishings
UK SIC 2007:
4675 - Wholesale
of chemical products
4669 - Wholesale
of other machinery and equipment
43999 - Specialised
construction activities (other than scaffold erection) n.e.c.
6831 - Real
estate agencies
5829 - Other
software publishing
46711 - Wholesale
of petroleum and petroleum products
2013 - Manufacture
of other inorganic basic chemicals
6202 - Computer
consultancy activities
4649 - Wholesale
of other household goods
Business Description
MITANI SANGYO
CO., LTD. is a company mainly engaged in the chemical-related business. The
Information System segment is engaged in the provision of system integration
service, package software, the construction of information infrastructure, the
maintenance of hardware and other services. The Resin and Electronics segment
offers molds, synthetic resins and electronic components. The Chemical segment
provides hydrochloric, caustic soda, and other inorganic and organic chemicals,
and functional materials and medical products. The Air Conditioning Equipment
segment offers air conditioning, plumbing sanitary and fire-fighting equipment,
as well as clean rooms. The Building Equipment and Machinery segment provides
housing facilities and kitchen units, and installment service. The Energy
segment provides petroleum products, liquefied petroleum gas (LPG), fuel
batteries for home use, solar power and wind power systems. The Others segment
is engaged in the building maintenance and management. For the three months
ended 30 June 2013, MITANI SANGYO CO., LTD. revenues increased 1% to Y13.53B.
Net loss applicable to common stockholders decreased 59% to Y252M. Revenues
reflect an increase in demand for the Company's products and services due to
favorable market conditions. Lower net loss reflects Loss On Valuation Of
Investment Securiti decrease from Y90M (expense) to Y0K, Equity In Losses Of
Affiliates decrease from Y27M (expense) to Y0K.
More Business Descriptions
Wholesale trade
in chemicals and building materials; installation contractors for air
conditioning; sale of information systems
MITANI SANGYO
CO., LTD. (MITANI SANGYO) is a chemical products manufacturing company, based
in Japan. MITANI SANGYO principally offers a broad range of products such as
petroleum products, dyes, electronic components, resin materials, ceramic
substrate, package software, computer related hardware, chemicals, medicinal
substances and intermediates, pharmaceutical intermediate pesticides, and
others. The wide range of services offered by the company includes system
integration services, system maintenance and supporting services, and
maintenance and management of condominiums and buildings. MITANI SANGYO
operates its business through six reportable segments that include Information
Systems, Resin and Electronics, Chemical Products, Air Conditioning Systems,
Housing Equipment and Others.The Information Systems business segment, offers
system integration services along with construction of network security and
other information infrastructure. It also provides package software, computer
related hardware, and system maintenance and supporting services along with and
outsourcing services. The principal subsidiaries through which the Information
System offer its services include D-Circle, Inc., eMBLEM Co., Ltd.,
Confidential Service Co., LTD., Aureole Information Technology Inc.,
Inter-Technology Infrastructure Research Co., Ltd., HOPS CO., LTD., ARUMU
SYSTEM Corp., H.K.S. Corp. and T.S. Corp.The Resin and Electronics business
segment, designs, manufactures and sells composite unit products that include
resin and electronic parts along with other products such as resin moldings,
dies, electronic components and synthetic resins. Its subsidiaries include
Aureole Business Components & Devices Inc. and Act-T-Co., Ltd.The Chemical
Products Business is into contract manufacturing of medicinal substances and intermediates
along with catalysts, pharmaceutical intermediate pesticides, functional food,
and functional resins. It also sells various types of chemicals that include
sulfuric acid, caustic soda, hydrochloric acid, and other organic and inorganic
chemicals along with functional Materials. This segment operates through
subsidiaries, which include Active Pharma Co., Ltd., Sagami Chemical Co., Ltd.,
Kuraya Kasei Inc., Aureole Mitani Chemical & Environment Inc. and Aureole
Fine Chemical Products Inc.The Air Conditioning Systems business provides
construction of air conditioning systems, sanitary plumbing facilities, and
other related products. It also designs business such as creation of working
drawing, and estimation service. The subsidiaries through which the segment
operates include Aureole Construction Software Development Inc. and Fujii Kucho
Kougyo Co., Ltd.The Housing Equipment segment sells household equipment and
construction products, manufacturing and sale of kitchen units, storage systems
and soft concrete. Its subsidiaries include Mitani Juken Hanbai Co., LTD.,
Mitani Sangyo Constructions Co., Ltd., INTENZA Co., Ltd. and Denka Namakon
Takayama Co., Ltd.Through the others segment, the company sells petrochemical,
chemical and ceramic products, LPG, oil products, and household equipment. This
segment maintains and manages condominiums and buildings along with management
of restaurant, building and a parking lot. Its subsidiaries in this segment
include Mitani Sangyo E.C. Co., Ltd., Mitani Investment Co., LTD., San'ei
Take-Care Co., Ltd., Pear Investment PTE LTD, Soie Road Company Ltd., Hokuriku
Computer Service Co., Ltd., Visage Kanri Co., Ltd. and others.The Company has
its operations in Japan, China and Vietnam.
MITANI SANGYO
CO., LTD. (MITANI SANGYO) is a chemical company based in Japan. The company
operates through six reportable segments, namely, Information Systems, Resin
and Electronics, Chemical Products, Air Conditioning Systems, Housing Equipment
and Others. The Information System segment provides system integration service,
package software, the construction of information infrastructure, the
maintenance of hardware and other services. The Resin and Electronics segment
offers molds, synthetic resins and electronic components. Its Chemical Products
segment provides hydrochloric, caustic soda, and other inorganic and organic
chemicals, and functional materials and medical products. The Air Conditioning
Equipment segment offers air conditioning, plumbing, sanitary and fire-fighting
equipment. The Building Equipment and Machinery segment provides housing
facilities and kitchen units. The Other segment provides building maintenance
and management. The company operates in Tokyo, Nagoya, Kanazawa, Fukui, Toyama,
Nomi, Hiroshima, Hanoi, Ho Chi Minh City in Japan. MITANI SANGYO is
headquartered in Nagoya in Japan.The company reported revenues of (Yen) JPY
63,494.00 million during the fiscal year ended March 2013, an increase of 3.25%
over 2012. The operating profit of the company was JPY 1,117.00 million during
the fiscal year 2013, an increase of 46.20% over 2012. The net profit of the
company was JPY 124.00 million during the fiscal year 2013, a decrease of
61.49% from 2012.
Trading Companies
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Corporate Family |
Corporate
Structure News: |
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MITANI
SANGYO CO., LTD. |
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MITANI SANGYO CO., LTD. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
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MITANI SANGYO CO., LTD. |
Parent |
Chuo-Ku |
Japan |
Chemical Wholesale |
765.3 |
1,733 |
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Mitani Sangyo Ec Co. |
Subsidiary |
Nonoichi, Ishikawa |
Japan |
Petroleum Wholesale |
166.6 |
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Infill Co.,Ltd. |
Subsidiary |
Chuo-Ku, Tokyo |
Japan |
Machinery Wholesale |
100.4 |
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Mirai Kasei Inc. |
Subsidiary |
Chikuma, Nagano |
Japan |
Chemical Wholesale |
57.5 |
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Mitani Sangyo Constructions K.K. |
Subsidiary |
Nonoichi, Ishikawa |
Japan |
Machinery Wholesale |
45.9 |
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Competitors
Report
|
Company Name |
Location |
Employees |
Ownership |
|
NAGASE & CO., LTD. |
Chuo-Ku, Japan |
5,897 |
Public |
|
Pla Matels Corporation |
Shinagawa-Ku, Japan |
194 |
Public |
|
Saudi Industrial Export Company |
Riyadh, Saudi Arabia |
|
Public |
|
Uniphos Enterprises Ltd |
Mumbai, India |
2,022 |
Public |
Executive report
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Board of
Directors |
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Chairman of the Board, Representative Director |
Chairman |
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Senior Managing Director, Director of Chemical Business, Director of
Overseas Business, President of Subsidiaries |
Director/Board Member |
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President, Chairman of a Subsidiary, Representative Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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President of Subsidiary, Director |
Director/Board Member |
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Chief Director of Operation, Chief Director of Service, President of
Subsidiary, Director |
Director/Board Member |
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President of Subsidiary, Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Director of Information System Business, Director of Air Conditioning
Business, Manager of Secretary's Office, Director |
Director/Board Member |
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President of Subsidiary, Director |
Director/Board Member |
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Managing Director, Chief Senior Director of Group Corporation, Chief
Director of Service, Chairman of Subsidiary |
Director/Board Member |
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President of Subsidiary, Director |
Director/Board Member |
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Executives |
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President, Chairman of a Subsidiary, Representative Director |
President |
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Chief Director of Internal Control |
President |
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President of Subsidiaries |
President |
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President of Subsidiary, Director |
Division Head Executive |
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Chief Director of Operation, Chief Director of Service, President of
Subsidiary, Director |
Division Head Executive |
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Technology Executive Officer, Director of 2nd Hokuriku System in
Information System Business Unit |
Division Head Executive |
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President of Subsidiary, Director |
Division Head Executive |
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Executive Officer, Chief Director of Planning |
Division Head Executive |
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President of Subsidiary, Director |
Division Head Executive |
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President of Subsidiary, Director |
Division Head Executive |
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Executive Officer, Director of Air Conditioning Capital Region
Business |
Division Head Executive |
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Executive Officer, Chief Director of Human Resources |
Division Head Executive |
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Executive Officer, Dir of M&E Business |
Division Head Executive |
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Executive Officer, Chief Director of Relief and Safety Promotion |
Division Head Executive |
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Senior Managing Director, Director of Chemical Business, Director of
Overseas Business, President of Subsidiaries |
Managing Director |
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Managing Director |
Managing Director |
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Managing Director, Chief Senior Director of Group Corporation, Chief
Director of Service, Chairman of Subsidiary |
Managing Director |
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Director of Information System Business, Director of Air Conditioning
Business, Manager of Secretary's Office, Director |
Administration Executive |
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Significant
Developments
MITANI SANGYO CO
LTD Amends Success Holdings Co Ltd Apr 17, 2013
MITANI SANGYO CO
LTD announced that it has raised its consolidated full-year outlook for revenue
from JPY 63,400 million to JPY 63,494 million, operating profit from JPY 1,060
million to JPY 1,138 million, net profit from JPY 40 million to JPY 130 million
and earning per share from JPY 0.73 to JPY 2.38, but lowered the outlook for
ordinary profit from JPY 1,160 million to JPY 1,092 million, for the fiscal
year ended March 2013. The Company raised the outlook due to the increased
sales and the decreased revaluation loss of investment securities, and lowered
the ordinary profit outlook due to the increased investment loss.
MITANI SANGYO CO
LTD Amends Consolidated Full-year Outlook for FY 2013 Nov 12, 2012
MITANI SANGYO CO
LTD announced that it has reaffirmed the consolidated full-year outlook for
revenue at JPY 63,400 million, operating profit at JPY 1,060 million, but has
lowered the full-year outlook for ordinary profit from JPY 1,300 million to JPY
1,160 million and net profit from JPY 180 million to JPY 40 million for the
fiscal year ending March 31, 2013. The negative outlook for ordinary profit and
net profit is mainly due to record of loss in affiliates.
MITANI SANGYO CO LTD Establishes New Sub-subsidiary
Oct 26, 2012
MITANI SANGYO CO LTD announced that it has
established a Vietnam-based wholly owned sub-subsidiary, Aureole Logistics of
Chemical Inc, which will be engaged in the operation of basic chemicals tank
and storehouse, on September 26, 2012.
MITANI SANGYO CO LTD Amends Consolidated Mid-year
Forecast for FY 2013 Oct 16, 2012
MITANI SANGYO CO LTD announced that it has raised
the consolidated mid-year forecast for revenue from JPY 28,900 million to JPY
29,522 million, operating profit from JPY 130 million to JPY 174 million, ordinary
profit from JPY 260 million to JPY 293 million, but lowered the forecast for
net profit (loss) from JPY (280 million) to JPY (286 million) and earning
(loss) per share from JPY (5.09) to JPY (5.20) for the fiscal year ending March
31, 2013. The Company raised the consolidated mid-year outlook for revenue,
operating profit and ordinary profit due to increased orders and decreased
costs. However, the Company lowered the outlook for net profit due to increased
tax.
MITANI SANGYO CO LTD Amends Consolidated Mid-year
and Full-year Outlook for FY 2013 Sep 07, 2012
MITANI SANGYO CO LTD announced that it has
maintained its consolidated mid-year outlook for revenue of JPY 28,900 million,
operating profit of JPY 130 million and ordinary profit of JPY 260 million, but
lowered the outlook for net profit from a loss of JPY 90 million to a loss of
JPY 280 million and earning per share from a loss of JPY 1.64 to a loss of JPY
5.09, for the fiscal year ending March 2013. In addition, the Company has also
maintained its consolidated full-year outlook for revenue of JPY 63,400
million, operating profit of JPY 1,060 million and ordinary profit of JPY 1,300
million, but lowered the outlook for net profit from JPY 370 million to JPY 180
million and earning per share from JPY 6.73 to JPY 3.27, for the fiscal year
ending March 2013. The Company lowered the net profit outlook due to the
revaluation loss of investment securities.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
765.3 |
778.8 |
694.5 |
557.7 |
597.7 |
|
Revenue |
765.3 |
778.8 |
694.5 |
557.7 |
597.7 |
|
Total Revenue |
765.3 |
778.8 |
694.5 |
557.7 |
597.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
641.8 |
660.8 |
587.1 |
467.6 |
509.1 |
|
Cost of Revenue, Total |
641.8 |
660.8 |
587.1 |
467.6 |
509.1 |
|
Gross Profit |
123.4 |
118.0 |
107.4 |
90.1 |
88.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
42.2 |
40.6 |
34.8 |
32.9 |
35.5 |
|
Labor & Related Expense |
59.2 |
58.3 |
51.7 |
43.0 |
37.7 |
|
Total Selling/General/Administrative Expenses |
101.4 |
98.9 |
86.4 |
75.9 |
73.2 |
|
Research & Development |
0.6 |
1.5 |
0.6 |
0.4 |
0.3 |
|
Depreciation |
7.7 |
8.1 |
7.0 |
6.3 |
6.1 |
|
Depreciation/Amortization |
7.7 |
8.1 |
7.0 |
6.3 |
6.1 |
|
Impairment-Assets Held for Use |
0.1 |
0.1 |
0.3 |
0.2 |
1.7 |
|
Impairment-Assets Held for Sale |
0.1 |
0.0 |
0.2 |
0.5 |
0.6 |
|
Other Unusual Expense (Income) |
0.0 |
-0.4 |
0.3 |
-0.2 |
0.1 |
|
Unusual Expense (Income) |
0.3 |
-0.3 |
0.8 |
0.6 |
2.4 |
|
Other Operating Expense |
- |
0.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
- |
0.0 |
- |
- |
- |
|
Total Operating Expense |
751.8 |
769.1 |
682.0 |
550.9 |
591.1 |
|
|
|
|
|
|
|
|
Operating Income |
13.5 |
9.7 |
12.5 |
6.9 |
6.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.9 |
-0.7 |
-0.9 |
-0.9 |
-1.3 |
|
Interest Expense, Net Non-Operating |
-0.9 |
-0.7 |
-0.9 |
-0.9 |
-1.3 |
|
Interest Income -
Non-Operating |
0.1 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Investment Income -
Non-Operating |
-3.0 |
2.7 |
-0.1 |
-1.1 |
-3.8 |
|
Interest/Investment Income - Non-Operating |
-2.8 |
3.0 |
0.1 |
-0.9 |
-3.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
-3.7 |
2.3 |
-0.8 |
-1.8 |
-4.8 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Other Non-Operating Income (Expense) |
3.4 |
3.8 |
1.8 |
2.3 |
1.7 |
|
Other, Net |
3.4 |
3.8 |
1.8 |
2.3 |
1.7 |
|
Income Before Tax |
13.2 |
15.7 |
13.5 |
7.3 |
3.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
8.7 |
8.7 |
5.6 |
4.8 |
5.3 |
|
Income After Tax |
4.5 |
7.1 |
7.8 |
2.6 |
-1.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-3.0 |
-3.0 |
-0.9 |
0.2 |
-0.1 |
|
Net Income Before Extraord Items |
1.5 |
4.1 |
6.9 |
2.7 |
-1.9 |
|
Net Income |
1.5 |
4.1 |
6.9 |
2.7 |
-1.9 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Basic EPS Excl Extraord Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Basic/Primary EPS Incl Extraord Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
Diluted Weighted Average Shares |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Diluted EPS Excl Extraord Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Diluted EPS Incl Extraord Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Dividends per Share - Common Stock Primary Issue |
0.07 |
0.08 |
0.07 |
0.06 |
0.06 |
|
Gross Dividends - Common Stock |
4.0 |
4.2 |
3.9 |
3.6 |
3.3 |
|
Interest Expense, Supplemental |
0.9 |
0.7 |
0.9 |
0.9 |
1.3 |
|
Depreciation, Supplemental |
12.9 |
12.1 |
9.8 |
8.5 |
8.3 |
|
Total Special Items |
0.1 |
-0.4 |
0.7 |
0.6 |
2.4 |
|
Normalized Income Before Tax |
13.2 |
15.3 |
14.2 |
7.9 |
5.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
-0.2 |
0.4 |
0.2 |
0.9 |
|
Inc Tax Ex Impact of Sp Items |
8.8 |
8.5 |
6.0 |
5.0 |
6.1 |
|
Normalized Income After Tax |
4.5 |
6.8 |
8.2 |
2.9 |
-0.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.5 |
3.8 |
7.2 |
3.0 |
-0.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.07 |
0.13 |
0.05 |
-0.01 |
|
Diluted Normalized EPS |
0.03 |
0.07 |
0.13 |
0.05 |
-0.01 |
|
Amort of Acquisition Costs, Supplemental |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
|
Rental Expenses |
8.8 |
8.7 |
7.8 |
7.3 |
7.0 |
|
Research & Development Exp, Supplemental |
0.6 |
1.5 |
0.6 |
0.4 |
0.3 |
|
Reported Operating Profit |
13.7 |
9.4 |
13.3 |
7.4 |
9.0 |
|
Reported Ordinary Profit |
13.3 |
15.4 |
14.3 |
8.1 |
5.9 |
|
Normalized EBIT |
13.7 |
9.4 |
13.3 |
7.5 |
9.1 |
|
Normalized EBITDA |
26.5 |
21.4 |
23.0 |
15.9 |
17.3 |
|
Current Tax - Total |
8.4 |
9.7 |
- |
- |
- |
|
Current Tax - Total |
8.4 |
9.7 |
- |
- |
- |
|
Deferred Tax - Total |
0.2 |
-1.0 |
- |
- |
- |
|
Deferred Tax - Total |
0.2 |
-1.0 |
- |
- |
- |
|
Income Tax - Total |
8.7 |
8.7 |
- |
- |
- |
|
Interest Cost - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Service Cost - Domestic |
0.4 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Expected Return on Assets - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Transition Costs - Domestic |
- |
- |
- |
0.0 |
0.0 |
|
Other Pension, Net - Domestic |
1.8 |
- |
- |
- |
- |
|
Domestic Pension Plan Expense |
2.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Defined Contribution Expense - Domestic |
- |
1.9 |
1.7 |
1.5 |
1.3 |
|
Total Pension Expense |
2.2 |
2.2 |
1.9 |
1.8 |
1.7 |
|
Discount Rate - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Total Plan Interest Cost |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Plan Service Cost |
0.4 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Total Plan Expected Return |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Plan Other Expense |
1.8 |
- |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
47.3 |
35.2 |
41.5 |
47.3 |
38.6 |
|
Cash and Short Term Investments |
47.3 |
35.2 |
41.5 |
47.3 |
38.6 |
|
Accounts Receivable -
Trade, Gross |
213.5 |
244.9 |
221.0 |
178.0 |
152.8 |
|
Provision for Doubtful
Accounts |
0.0 |
-0.1 |
-0.9 |
-0.9 |
-1.1 |
|
Trade Accounts Receivable - Net |
213.4 |
244.8 |
220.0 |
177.1 |
151.7 |
|
Total Receivables, Net |
213.4 |
244.8 |
220.0 |
177.1 |
151.7 |
|
Inventories - Finished Goods |
10.6 |
13.6 |
11.3 |
7.7 |
8.4 |
|
Inventories - Work In Progress |
19.5 |
14.5 |
14.0 |
25.3 |
31.1 |
|
Inventories - Raw Materials |
6.1 |
4.1 |
2.5 |
1.3 |
0.9 |
|
Total Inventory |
36.2 |
32.2 |
27.8 |
34.2 |
40.4 |
|
Deferred Income Tax - Current Asset |
1.3 |
1.5 |
1.4 |
1.1 |
1.4 |
|
Other Current Assets |
10.3 |
8.4 |
7.0 |
5.7 |
4.9 |
|
Other Current Assets, Total |
11.6 |
9.9 |
8.4 |
6.8 |
6.3 |
|
Total Current Assets |
308.6 |
322.1 |
297.7 |
265.4 |
236.9 |
|
|
|
|
|
|
|
|
Buildings |
127.4 |
144.0 |
135.0 |
117.5 |
103.7 |
|
Land/Improvements |
42.3 |
45.5 |
45.2 |
40.4 |
37.1 |
|
Machinery/Equipment |
31.0 |
33.9 |
30.8 |
27.5 |
24.9 |
|
Construction in
Progress |
5.6 |
0.2 |
0.1 |
0.7 |
0.0 |
|
Other
Property/Plant/Equipment |
9.2 |
7.2 |
3.8 |
2.0 |
0.6 |
|
Property/Plant/Equipment - Gross |
215.4 |
230.7 |
214.9 |
188.0 |
166.5 |
|
Accumulated Depreciation |
-102.3 |
-109.3 |
-104.4 |
-88.3 |
-79.9 |
|
Property/Plant/Equipment - Net |
113.1 |
121.5 |
110.4 |
99.7 |
86.6 |
|
Intangibles, Net |
11.1 |
8.2 |
8.8 |
8.8 |
8.9 |
|
LT Investment - Affiliate Companies |
16.7 |
23.6 |
22.6 |
- |
- |
|
LT Investments - Other |
70.3 |
64.7 |
63.7 |
84.3 |
68.6 |
|
Long Term Investments |
87.1 |
88.3 |
86.3 |
84.3 |
68.6 |
|
Note Receivable - Long Term |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Deferred Income Tax - Long Term Asset |
0.2 |
0.5 |
0.2 |
0.6 |
1.2 |
|
Other Long Term Assets |
13.4 |
14.2 |
14.0 |
14.1 |
13.5 |
|
Other Long Term Assets, Total |
13.6 |
14.7 |
14.2 |
14.7 |
14.7 |
|
Total Assets |
533.5 |
554.9 |
517.5 |
473.0 |
415.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
114.3 |
136.4 |
126.1 |
101.0 |
84.3 |
|
Accrued Expenses |
1.9 |
1.2 |
2.2 |
1.7 |
2.3 |
|
Notes Payable/Short Term Debt |
106.5 |
95.4 |
77.2 |
83.5 |
77.0 |
|
Current Portion - Long Term Debt/Capital Leases |
2.3 |
1.6 |
1.0 |
0.5 |
0.1 |
|
Customer Advances |
0.2 |
0.4 |
0.3 |
0.3 |
1.4 |
|
Income Taxes Payable |
4.0 |
6.4 |
4.1 |
2.9 |
4.1 |
|
Other Payables |
12.2 |
15.0 |
10.4 |
12.6 |
7.1 |
|
Other Current Liabilities |
28.4 |
21.6 |
21.7 |
22.8 |
26.1 |
|
Other Current liabilities, Total |
44.8 |
43.3 |
36.4 |
38.6 |
38.8 |
|
Total Current Liabilities |
269.9 |
278.0 |
242.9 |
225.3 |
202.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
8.9 |
5.4 |
7.9 |
8.0 |
1.0 |
|
Capital Lease Obligations |
5.2 |
4.0 |
2.6 |
1.5 |
0.5 |
|
Total Long Term Debt |
14.1 |
9.4 |
10.5 |
9.4 |
1.5 |
|
Total Debt |
122.9 |
106.5 |
88.7 |
93.4 |
78.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
16.1 |
13.2 |
14.6 |
14.9 |
8.6 |
|
Deferred Income Tax |
16.1 |
13.2 |
14.6 |
14.9 |
8.6 |
|
Minority Interest |
8.0 |
6.2 |
3.3 |
2.1 |
0.4 |
|
Reserves |
0.9 |
1.0 |
0.8 |
0.0 |
- |
|
Pension Benefits - Underfunded |
6.0 |
6.8 |
6.6 |
6.3 |
5.7 |
|
Other Long Term Liabilities |
1.7 |
2.2 |
2.6 |
3.3 |
3.9 |
|
Other Liabilities, Total |
8.6 |
10.0 |
9.9 |
9.6 |
9.6 |
|
Total Liabilities |
316.7 |
316.7 |
281.3 |
261.4 |
222.7 |
|
|
|
|
|
|
|
|
Common Stock |
39.3 |
44.9 |
44.7 |
39.6 |
37.5 |
|
Common Stock |
39.3 |
44.9 |
44.7 |
39.6 |
37.5 |
|
Additional Paid-In Capital |
28.7 |
32.8 |
32.6 |
28.9 |
27.4 |
|
Retained Earnings (Accumulated Deficit) |
134.3 |
156.9 |
156.0 |
135.6 |
129.2 |
|
Treasury Stock - Common |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
-0.4 |
|
Unrealized Gain (Loss) |
20.5 |
13.6 |
12.4 |
13.9 |
5.0 |
|
Translation Adjustment |
-5.6 |
-9.7 |
-9.1 |
-6.0 |
-5.3 |
|
Other Equity |
0.0 |
0.0 |
- |
- |
- |
|
Other Comprehensive Income |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Other Equity, Total |
-5.6 |
-9.6 |
-9.1 |
-6.1 |
-5.5 |
|
Total Equity |
216.9 |
238.1 |
236.2 |
211.6 |
193.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
533.5 |
554.9 |
517.5 |
473.0 |
415.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Total Common Shares Outstanding |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employees |
1,733 |
1,669 |
1,479 |
1,418 |
1,372 |
|
Number of Common Shareholders |
2,080 |
2,077 |
2,089 |
2,118 |
2,158 |
|
Deferred Revenue - Current |
0.2 |
0.4 |
0.3 |
0.3 |
1.4 |
|
Total Long Term Debt, Supplemental |
11.9 |
8.7 |
10.8 |
9.9 |
2.3 |
|
Long Term Debt Maturing within 1 Year |
3.1 |
3.2 |
2.9 |
1.9 |
1.3 |
|
Long Term Debt Maturing in Year 2 |
2.9 |
2.5 |
3.1 |
2.3 |
0.5 |
|
Long Term Debt Maturing in Year 3 |
2.8 |
1.3 |
1.9 |
2.5 |
0.4 |
|
Long Term Debt Maturing in Year 4 |
1.9 |
1.2 |
1.3 |
1.4 |
0.1 |
|
Long Term Debt Maturing in Year 5 |
0.9 |
0.4 |
1.2 |
0.8 |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
5.7 |
3.7 |
5.0 |
4.9 |
0.9 |
|
Long Term Debt Maturing in 4-5 Years |
2.8 |
1.5 |
2.4 |
2.2 |
0.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.4 |
0.2 |
0.5 |
0.9 |
0.0 |
|
Total Capital Leases, Supplemental |
7.5 |
5.6 |
3.5 |
2.0 |
0.6 |
|
Capital Lease Payments Due in Year 1 |
2.3 |
1.6 |
1.0 |
0.5 |
0.1 |
|
Capital Lease Payments Due in Year 2 |
2.0 |
1.6 |
0.9 |
0.5 |
0.1 |
|
Capital Lease Payments Due in Year 3 |
1.6 |
1.2 |
0.9 |
0.5 |
0.1 |
|
Capital Lease Payments Due in Year 4 |
1.0 |
0.9 |
0.5 |
0.4 |
0.1 |
|
Capital Lease Payments Due in Year 5 |
0.5 |
0.3 |
0.3 |
0.1 |
0.1 |
|
Capital Lease Payments Due in 2-3 Years |
3.7 |
2.8 |
1.8 |
1.0 |
0.3 |
|
Capital Lease Payments Due in 4-5 Years |
1.5 |
1.2 |
0.8 |
0.5 |
0.2 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Pension Obligation - Domestic |
1.3 |
1.4 |
1.3 |
1.2 |
1.0 |
|
Plan Assets - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Funded Status - Domestic |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Total Funded Status |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Discount Rate - Domestic |
0.00% |
0.00% |
- |
- |
- |
|
Discount Rate - Foreign |
- |
- |
0.00% |
0.00% |
0.00% |
|
Expected Rate of Return - Domestic |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Prepaid Benefits - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Other Assets, Net - Domestic |
- |
- |
0.0 |
0.0 |
0.0 |
|
Net Assets Recognized on Balance Sheet |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Total Plan Obligations |
1.3 |
1.4 |
1.3 |
1.2 |
1.0 |
|
Total Plan Assets |
- |
- |
0.0 |
0.0 |
0.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
13.2 |
15.7 |
13.4 |
7.2 |
3.4 |
|
Depreciation |
12.9 |
12.1 |
9.8 |
8.5 |
8.3 |
|
Depreciation/Depletion |
12.9 |
12.1 |
9.8 |
8.5 |
8.3 |
|
Amortization of Acquisition Costs |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
|
Amortization |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
|
Unusual Items |
0.1 |
-0.3 |
0.6 |
0.5 |
3.0 |
|
Equity in Net Earnings (Loss) |
4.5 |
-1.2 |
1.4 |
2.5 |
4.1 |
|
Other Non-Cash Items |
-0.7 |
-1.0 |
-1.3 |
-3.0 |
2.1 |
|
Non-Cash Items |
3.9 |
-2.6 |
0.7 |
-0.1 |
9.3 |
|
Accounts Receivable |
1.9 |
-23.7 |
-20.3 |
2.2 |
26.7 |
|
Inventories |
-8.6 |
-4.5 |
9.9 |
9.6 |
9.8 |
|
Accounts Payable |
-7.6 |
14.7 |
8.8 |
-4.8 |
-18.0 |
|
Accrued Expenses |
-0.2 |
-0.1 |
0.2 |
-0.6 |
-0.3 |
|
Other Assets & Liabilities, Net |
0.0 |
-0.1 |
-1.4 |
-2.7 |
-3.9 |
|
Other Operating Cash Flow |
-3.3 |
-7.3 |
-3.8 |
-7.7 |
-9.6 |
|
Changes in Working Capital |
-17.7 |
-21.1 |
-6.7 |
-4.0 |
4.8 |
|
Cash from Operating Activities |
12.1 |
4.1 |
17.1 |
11.6 |
25.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-13.2 |
-16.0 |
-4.0 |
-8.8 |
-2.9 |
|
Purchase/Acquisition of Intangibles |
-3.7 |
-2.8 |
-3.1 |
-1.6 |
-2.9 |
|
Capital Expenditures |
-17.0 |
-18.8 |
-7.0 |
-10.4 |
-5.8 |
|
Sale of Fixed Assets |
0.1 |
0.0 |
0.2 |
0.2 |
0.2 |
|
Sale/Maturity of Investment |
0.3 |
1.3 |
0.7 |
1.8 |
2.0 |
|
Investment, Net |
- |
- |
0.0 |
1.9 |
0.0 |
|
Purchase of Investments |
-0.4 |
-1.3 |
-0.8 |
-3.5 |
-5.2 |
|
Other Investing Cash Flow |
-1.8 |
-0.8 |
1.3 |
0.7 |
-0.5 |
|
Other Investing Cash Flow Items, Total |
-1.8 |
-0.8 |
1.3 |
1.0 |
-3.4 |
|
Cash from Investing Activities |
-18.7 |
-19.7 |
-5.7 |
-9.4 |
-9.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
0.0 |
0.0 |
1.6 |
0.0 |
|
Financing Cash Flow Items |
-0.1 |
0.0 |
0.0 |
1.6 |
0.0 |
|
Cash Dividends Paid - Common |
-4.0 |
-4.2 |
-3.9 |
-3.6 |
-3.3 |
|
Total Cash Dividends Paid |
-4.0 |
-4.2 |
-3.9 |
-3.6 |
-3.3 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Short Term Debt, Net |
27.6 |
18.1 |
-17.0 |
1.6 |
-5.1 |
|
Long Term Debt Issued |
7.0 |
5.3 |
2.3 |
6.4 |
0.0 |
|
Long Term Debt
Reduction |
-7.1 |
-9.0 |
-2.9 |
-2.2 |
-0.9 |
|
Long Term Debt, Net |
-0.1 |
-3.7 |
-0.5 |
4.2 |
-0.9 |
|
Issuance (Retirement) of Debt, Net |
27.5 |
14.4 |
-17.5 |
5.8 |
-6.0 |
|
Cash from Financing Activities |
23.4 |
10.2 |
-21.4 |
3.8 |
-9.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.7 |
-0.2 |
-0.8 |
-0.4 |
-0.8 |
|
Net Change in Cash |
18.5 |
-5.6 |
-10.8 |
5.7 |
6.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
33.7 |
41.0 |
48.6 |
39.1 |
29.8 |
|
Net Cash - Ending Balance |
52.2 |
35.4 |
37.8 |
44.8 |
36.1 |
|
Cash Interest Paid |
0.9 |
0.7 |
0.9 |
0.8 |
1.0 |
|
Cash Taxes Paid |
10.5 |
8.1 |
5.1 |
6.1 |
6.8 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Total net sales |
765.3 |
778.8 |
694.5 |
557.7 |
597.7 |
|
Total Revenue |
765.3 |
778.8 |
694.5 |
557.7 |
597.7 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Total cost of sales |
641.8 |
660.8 |
587.1 |
467.6 |
509.1 |
|
Other - Balancing value |
18.5 |
- |
- |
- |
- |
|
Other SGA |
0.1 |
- |
- |
- |
- |
|
Other Selling/General/Admin. Expense |
- |
0.1 |
- |
- |
- |
|
Other Other SGA |
- |
17.1 |
- |
- |
- |
|
Commission Exp |
8.9 |
9.0 |
7.1 |
7.4 |
6.2 |
|
Traveling Exp. |
6.0 |
5.7 |
5.0 |
4.5 |
4.2 |
|
Directors'' compensations |
4.6 |
5.3 |
4.4 |
4.3 |
3.5 |
|
Employees' salaries |
34.4 |
33.1 |
29.0 |
24.1 |
20.6 |
|
Employees' bonuses |
8.1 |
7.9 |
7.6 |
5.9 |
5.5 |
|
Accrued Retirem. |
1.5 |
1.6 |
1.3 |
1.1 |
1.1 |
|
Provision for directors' bonuses |
0.4 |
0.6 |
0.7 |
0.5 |
1.0 |
|
Provision for Dir's Retirement Benefits |
0.7 |
0.4 |
0.6 |
0.6 |
0.6 |
|
Welfare Exp. |
9.5 |
9.4 |
8.1 |
6.5 |
5.5 |
|
Lease Expenses |
8.8 |
8.7 |
7.8 |
7.3 |
7.0 |
|
Depreciation |
7.7 |
8.1 |
7.0 |
6.3 |
6.1 |
|
Res-Doubt.Acct.Allow |
0.0 |
0.0 |
0.0 |
0.0 |
2.4 |
|
Research and Development Expense(in SGA) |
0.6 |
1.5 |
- |
- |
- |
|
R & D |
- |
- |
0.6 |
0.4 |
0.3 |
|
Other SGA |
- |
- |
14.8 |
13.7 |
15.6 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Gain on extinguishment of tie-in shares |
0.0 |
-0.4 |
- |
- |
- |
|
Other |
0.0 |
0.0 |
- |
- |
- |
|
SP Prior Earning Adj. |
- |
- |
- |
- |
0.0 |
|
SP Recovery-bad debts |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
SP G on termination of pension plan |
- |
- |
- |
- |
0.0 |
|
SP Reversal-reserve for doubtful account |
- |
- |
0.0 |
-0.4 |
0.0 |
|
SP G on extinguishment of tie-in shares |
- |
- |
0.0 |
- |
- |
|
SP Other Special Gains |
- |
- |
0.0 |
0.0 |
- |
|
SP Val. of Inventory |
- |
- |
- |
0.0 |
0.0 |
|
Impairment Loss |
0.0 |
- |
- |
- |
- |
|
SP Fixed Asset Retirem. |
0.1 |
0.1 |
0.3 |
0.2 |
0.1 |
|
SP Impairment Loss |
- |
- |
- |
0.0 |
1.6 |
|
SP Reval.-Inv. Sec. |
0.1 |
0.0 |
0.2 |
0.5 |
0.6 |
|
SP L on Ajust for Accting. assets change |
- |
0.0 |
0.2 |
0.0 |
- |
|
SP Other Special Losses |
0.0 |
0.0 |
0.1 |
0.2 |
0.1 |
|
Total Operating Expense |
751.8 |
769.1 |
682.0 |
550.9 |
591.1 |
|
|
|
|
|
|
|
|
SP Gain-PPE Sold |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Equity In Earnings Of Affiliates |
0.0 |
1.2 |
- |
- |
- |
|
Gain On Sales Of Investment Securities |
0.1 |
0.1 |
- |
- |
- |
|
SP Gain-Inv Sec. Sold |
- |
- |
0.0 |
0.0 |
0.0 |
|
SP Loss-PPE Sold |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
SP Loss-Inv. Sec. Sold |
- |
- |
- |
0.0 |
0.0 |
|
SP Loss-Equity Changes |
- |
- |
0.0 |
-0.2 |
0.0 |
|
NOP Interest Income |
0.1 |
0.3 |
0.2 |
0.2 |
0.2 |
|
NOP Dividend Income |
1.5 |
1.4 |
1.4 |
1.3 |
1.0 |
|
NOP Gain on Investments in Partnership |
0.0 |
0.0 |
0.0 |
0.3 |
0.0 |
|
Rent income |
0.8 |
- |
- |
- |
- |
|
Rent Expenses |
-0.2 |
-0.3 |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
Fiduciary obligation fee |
0.6 |
1.3 |
- |
- |
- |
|
Sales discounts |
-0.2 |
-0.2 |
- |
- |
- |
|
NOP Purchase Discount |
0.8 |
0.8 |
0.9 |
0.8 |
0.9 |
|
Equity in earnings of affiliates |
- |
- |
0.0 |
- |
0.0 |
|
NOP Other Non-op. Income |
2.0 |
2.3 |
2.4 |
2.3 |
2.0 |
|
NOP Interest Expenses |
-0.9 |
-0.7 |
-0.9 |
-0.9 |
-1.3 |
|
NOP Loss-Invest.Associ |
0.0 |
0.0 |
0.0 |
0.0 |
-0.7 |
|
NOP Equity losses |
-4.5 |
0.0 |
-1.4 |
-2.5 |
-4.1 |
|
NOP Other Non-op.Expense |
-0.5 |
-0.2 |
-1.4 |
-0.8 |
-1.2 |
|
Net Income Before Taxes |
13.2 |
15.7 |
13.5 |
7.3 |
3.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
8.7 |
8.7 |
5.6 |
4.8 |
5.3 |
|
Net Income After Taxes |
4.5 |
7.1 |
7.8 |
2.6 |
-1.8 |
|
|
|
|
|
|
|
|
Minority interests in income |
-3.0 |
-3.0 |
-0.9 |
0.2 |
-0.1 |
|
Net Income Before Extra. Items |
1.5 |
4.1 |
6.9 |
2.7 |
-1.9 |
|
Net Income |
1.5 |
4.1 |
6.9 |
2.7 |
-1.9 |
|
|
|
|
|
|
|
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Income Statement |
- |
0.0 |
- |
- |
- |
|
Earnings Adjustment |
- |
- |
0.0 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Basic EPS Including ExtraOrdinary Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1.5 |
4.1 |
6.9 |
2.6 |
-2.0 |
|
Diluted Weighted Average Shares |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
Diluted EPS Including ExtraOrd Items |
0.03 |
0.07 |
0.12 |
0.05 |
-0.04 |
|
DPS-Ordinary Shares |
0.07 |
0.08 |
0.07 |
0.06 |
0.06 |
|
Gross Dividends - Common Stock |
4.0 |
4.2 |
3.9 |
3.6 |
3.3 |
|
Normalized Income Before Taxes |
13.2 |
15.3 |
14.2 |
7.9 |
5.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
8.8 |
8.5 |
6.0 |
5.0 |
6.1 |
|
Normalized Income After Taxes |
4.5 |
6.8 |
8.2 |
2.9 |
-0.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.5 |
3.8 |
7.2 |
3.0 |
-0.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.07 |
0.13 |
0.05 |
-0.01 |
|
Diluted Normalized EPS |
0.03 |
0.07 |
0.13 |
0.05 |
-0.01 |
|
Interest Expense |
0.9 |
0.7 |
0.9 |
0.9 |
1.3 |
|
BC - Depreciation of Fixed Assets |
12.9 |
- |
- |
- |
- |
|
Depreciation |
- |
12.1 |
- |
- |
- |
|
Depreciation |
- |
- |
9.8 |
8.5 |
8.3 |
|
BC - Depreciation of Goodwill |
-0.2 |
- |
- |
- |
- |
|
Amort of Neg Goodwill-Supplemental FTN |
- |
-0.2 |
- |
- |
- |
|
Amortization of negative goodwill |
- |
- |
-0.2 |
-0.1 |
0.0 |
|
Rental Expense |
8.8 |
8.7 |
7.8 |
7.3 |
7.0 |
|
Research and Development Expense(in SGA) |
0.6 |
1.5 |
- |
- |
- |
|
Research & Development(SGA) |
- |
- |
0.6 |
0.4 |
0.3 |
|
Income taxes-current |
8.4 |
9.7 |
- |
- |
- |
|
Current Tax - Total |
8.4 |
9.7 |
- |
- |
- |
|
Income taxes-deferred |
0.2 |
-1.0 |
- |
- |
- |
|
Deferred Tax - Total |
0.2 |
-1.0 |
- |
- |
- |
|
Income Tax - Total |
8.7 |
8.7 |
- |
- |
- |
|
Reported Operating Profit |
13.7 |
9.4 |
13.3 |
7.4 |
9.0 |
|
Reported Ordinary Profit |
13.3 |
15.4 |
14.3 |
8.1 |
5.9 |
|
Retirement Benefit Expenses Other Extrao |
1.8 |
- |
- |
- |
- |
|
Service Cost |
0.4 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Interest Cost |
- |
- |
0.0 |
0.0 |
0.0 |
|
Expected Return on Plan Asset |
- |
- |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Transit L/G to defined contribution plan |
- |
- |
- |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
2.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Defined Contribution Expense - Domestic |
- |
1.9 |
- |
- |
- |
|
Defined contribution expense |
- |
- |
1.7 |
1.5 |
1.3 |
|
Total Pension Expense |
2.2 |
2.2 |
1.9 |
1.8 |
1.7 |
|
Discount Rate(MIN)-Retirement Cost(Domes |
0.00% |
0.00% |
- |
- |
- |
|
Discount rate |
- |
- |
0.00% |
0.00% |
0.00% |
|
Expected return on assets(MIN)-Retiremen |
0.00% |
0.00% |
- |
- |
- |
|
Expected rate of return |
- |
- |
0.00% |
0.00% |
0.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Deposit |
47.3 |
35.2 |
41.5 |
47.3 |
38.6 |
|
Notes and accounts receivable-trade |
179.8 |
212.4 |
187.5 |
145.1 |
139.8 |
|
Construct. Rcvbl |
33.7 |
32.5 |
33.5 |
32.9 |
13.0 |
|
Inventories - merchandise&finished goods |
10.6 |
13.6 |
11.3 |
7.7 |
8.4 |
|
Inventories - work-in-process |
19.3 |
14.1 |
13.8 |
22.8 |
27.3 |
|
Construc.in Prog |
0.2 |
0.4 |
0.2 |
2.4 |
3.8 |
|
Inventories - raw materials&suppliers |
6.1 |
4.1 |
2.5 |
1.3 |
0.9 |
|
Defer. Tax Asset |
1.3 |
1.5 |
1.4 |
1.1 |
1.4 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Curr.Asset |
10.2 |
8.4 |
7.0 |
5.7 |
4.9 |
|
Doubt Debt Allow |
0.0 |
-0.1 |
-0.9 |
-0.9 |
-1.1 |
|
Total Current Assets |
308.6 |
322.1 |
297.7 |
265.4 |
236.9 |
|
|
|
|
|
|
|
|
Buildings & Structures |
127.4 |
144.0 |
135.0 |
117.5 |
103.7 |
|
Accum Dep & Impairment Loss of Buildings |
-75.2 |
-81.8 |
-79.5 |
-67.2 |
-61.2 |
|
Machinery, equipment and vehicles |
20.4 |
22.4 |
20.5 |
18.5 |
16.6 |
|
Acc.
Depre&Impair-Machine,Equip&Vehicle |
-15.4 |
-16.4 |
-15.7 |
-13.3 |
-12.1 |
|
Tools, furniture and fixtures |
10.6 |
11.4 |
10.3 |
9.0 |
8.3 |
|
Acc.
Depre&Impair-Tool,Furniture&Fixture |
-8.1 |
-8.7 |
-8.1 |
-7.3 |
-6.6 |
|
Land |
42.3 |
45.5 |
45.2 |
40.4 |
37.1 |
|
Lease assets, gross |
9.2 |
7.2 |
3.8 |
2.0 |
0.6 |
|
Accum Dep & Impair Loss of Lease Assets |
-3.5 |
-2.3 |
-1.1 |
-0.5 |
0.0 |
|
Const. in Progr. |
5.6 |
0.2 |
0.1 |
0.7 |
0.0 |
|
Other Total intangible assets |
0.0 |
- |
- |
- |
- |
|
Other Total Intangible Assets, Net |
- |
0.0 |
- |
- |
- |
|
Software |
5.3 |
6.4 |
6.9 |
6.7 |
7.6 |
|
Lease assets, intangible |
1.3 |
0.5 |
0.7 |
0.5 |
0.0 |
|
Telephone Right |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Other Intang. |
4.1 |
0.8 |
0.9 |
1.2 |
1.0 |
|
Other LT Investments |
70.3 |
64.7 |
- |
- |
- |
|
Investm. Sec. |
- |
- |
63.7 |
84.3 |
68.6 |
|
Invt Secs Noncons, Asc, Affd Cos |
16.7 |
23.6 |
- |
- |
- |
|
Equity secs.-nonconsolidated affil. |
- |
- |
22.6 |
- |
- |
|
Long-term loans receivable |
- |
0.0 |
- |
- |
- |
|
LT Loans |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other Total investments and other assets |
0.0 |
- |
- |
- |
- |
|
Other Long Term Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Other Long Term Assets |
- |
0.0 |
- |
- |
- |
|
Sec. Deposit |
8.7 |
9.8 |
9.9 |
9.2 |
9.3 |
|
Deferred tax assets |
0.2 |
0.5 |
0.2 |
0.6 |
1.2 |
|
Other Assets |
4.7 |
4.4 |
4.1 |
4.9 |
6.6 |
|
Doubt Debt Allow |
-0.1 |
0.0 |
0.0 |
0.0 |
-2.4 |
|
Adjustment |
- |
- |
- |
0.0 |
- |
|
Property/Plant/Equipment, Total - Net |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
533.5 |
554.9 |
517.5 |
473.0 |
415.9 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
114.3 |
136.4 |
126.1 |
101.0 |
84.3 |
|
Constr. Payable |
12.2 |
15.0 |
10.4 |
12.6 |
7.1 |
|
Short-term loans payable |
106.5 |
95.4 |
77.2 |
83.5 |
77.0 |
|
Lease Liability |
2.3 |
1.6 |
1.0 |
0.5 |
0.1 |
|
Tax Payable |
4.0 |
6.4 |
4.1 |
2.9 |
4.1 |
|
Sales Tax Pybl |
1.5 |
0.6 |
1.5 |
1.2 |
1.3 |
|
Constr. Advances |
0.2 |
0.4 |
0.3 |
0.3 |
1.4 |
|
Provision for directors'' bonuses |
0.4 |
0.6 |
0.7 |
0.5 |
1.0 |
|
Rounding adjustment Liability |
0.1 |
0.1 |
- |
- |
- |
|
Order Loss Allowance |
0.7 |
0.8 |
0.2 |
0.3 |
0.1 |
|
Asset retirement obligations |
- |
0.0 |
0.0 |
0.0 |
- |
|
Construct Allow. |
0.4 |
0.4 |
0.5 |
0.3 |
0.4 |
|
Other Curr.Liabs |
27.2 |
20.2 |
20.9 |
22.2 |
25.6 |
|
Total Current Liabilities |
269.9 |
278.0 |
242.9 |
225.3 |
202.6 |
|
|
|
|
|
|
|
|
Long-term loans payable |
8.9 |
5.4 |
7.9 |
8.0 |
1.0 |
|
Lease Liability |
5.2 |
4.0 |
2.6 |
1.5 |
0.5 |
|
Total Long Term Debt |
14.1 |
9.4 |
10.5 |
9.4 |
1.5 |
|
|
|
|
|
|
|
|
Other Long Term Liabilities |
0.1 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
Deposit received for guarantee |
1.3 |
1.5 |
1.5 |
1.3 |
1.2 |
|
Defer. Tax Liab. |
16.1 |
13.2 |
14.6 |
14.9 |
8.6 |
|
Accrued Retirem. |
1.3 |
1.4 |
1.3 |
1.2 |
1.0 |
|
Asset retirement obligations |
0.9 |
1.0 |
0.8 |
0.0 |
- |
|
Provision for directors'' retirement ben |
4.7 |
5.3 |
5.2 |
5.1 |
4.7 |
|
Other LT Liability |
0.3 |
0.7 |
1.1 |
2.0 |
2.7 |
|
Equity Minority Interests |
8.0 |
6.2 |
3.3 |
2.1 |
0.4 |
|
Total Liabilities |
316.7 |
316.7 |
281.3 |
261.4 |
222.7 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Equity |
- |
0.0 |
- |
- |
- |
|
Common Stock |
39.3 |
44.9 |
44.7 |
39.6 |
37.5 |
|
Total Capital Surplus |
28.7 |
32.8 |
32.6 |
28.9 |
27.4 |
|
Total retained earnings |
134.3 |
156.9 |
156.0 |
135.6 |
129.2 |
|
Valuation difference on available-for-sa |
20.5 |
13.6 |
12.4 |
13.9 |
5.0 |
|
Treasury Stock |
-0.4 |
-0.5 |
-0.4 |
-0.4 |
-0.4 |
|
Deferred Hedge |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
|
Currency Adjust. |
-5.6 |
-9.7 |
-9.1 |
-6.0 |
-5.3 |
|
Total Equity |
216.9 |
238.1 |
236.2 |
211.6 |
193.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
533.5 |
554.9 |
517.5 |
473.0 |
415.9 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
Total Common Shares Outstanding |
55.0 |
55.0 |
55.0 |
55.0 |
55.0 |
|
T/S-Ordinary Shares |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Deferred Revenue - Current |
0.2 |
0.4 |
0.3 |
0.3 |
1.4 |
|
Number Of Employees |
1,733 |
1,669 |
- |
- |
- |
|
Full-Time Employees |
- |
- |
1,479 |
1,418 |
1,372 |
|
Total Number of Shareholders |
2,080 |
2,077 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
2,089 |
2,118 |
2,158 |
|
Long Term Borrowing Current |
3.1 |
3.2 |
2.9 |
1.9 |
1.3 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
2.9 |
2.5 |
- |
- |
- |
|
LT Debts Maturing within 2yr. |
- |
- |
3.1 |
2.3 |
0.5 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
2.8 |
1.3 |
- |
- |
- |
|
LT Debts Maturing within 3yr. |
- |
- |
1.9 |
2.5 |
0.4 |
|
Lns Pble Maturg over 3 Yrs within 4 Yrs |
1.9 |
1.2 |
- |
- |
- |
|
LT Debts Maturing within 4yr. |
- |
- |
1.3 |
1.4 |
0.1 |
|
Lns Pble Maturg over 4 Yrs within 5 Yrs |
0.9 |
0.4 |
- |
- |
- |
|
LT Debts Maturing within 5yr. |
- |
- |
1.2 |
0.8 |
0.0 |
|
Remaining Value |
0.4 |
- |
- |
- |
- |
|
Loans Payable Remaining |
- |
0.2 |
- |
- |
- |
|
Remaining |
- |
- |
0.5 |
0.9 |
0.0 |
|
Total Long Term Debt, Supplemental |
11.9 |
8.7 |
10.8 |
9.9 |
2.3 |
|
Capital Lease Maturing within a Year |
2.3 |
1.6 |
1.0 |
0.5 |
0.1 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
2.0 |
1.6 |
- |
- |
- |
|
Capital Lease Payments within 2 year |
- |
- |
0.9 |
0.5 |
0.1 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
1.6 |
1.2 |
- |
- |
- |
|
Capital Lease Payments within 3 year |
- |
- |
0.9 |
0.5 |
0.1 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
1.0 |
0.9 |
- |
- |
- |
|
Capital Lease Payments within 4 year |
- |
- |
0.5 |
0.4 |
0.1 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.5 |
0.3 |
- |
- |
- |
|
Capital Lease Payments within 5 year |
- |
- |
0.3 |
0.1 |
0.1 |
|
Remaining Value |
0.1 |
- |
- |
- |
- |
|
Capital Lease Remaining |
- |
0.1 |
- |
- |
- |
|
Remaining |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
7.5 |
5.6 |
3.5 |
2.0 |
0.6 |
|
Pension Obligation |
1.3 |
1.4 |
1.3 |
1.2 |
1.0 |
|
Fair Value of Plan Asset |
- |
- |
0.0 |
0.0 |
0.0 |
|
Funded Status |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Total Funded Status |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Discount Rate(MIN)-Retirement Benefit Ob |
0.00% |
0.00% |
- |
- |
- |
|
Discount Rate |
- |
- |
0.00% |
0.00% |
0.00% |
|
Expected return on assets(MIN)-Retiremen |
0.00% |
0.00% |
- |
- |
- |
|
Expected Rate of Return |
- |
- |
0.00% |
0.00% |
0.00% |
|
Unrecognized Actuarial Gains and Losses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Prepaid Pension Benefit |
- |
- |
0.0 |
0.0 |
0.0 |
|
Accrued Pension Benefit |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
|
Net Assets Recognized on Balance Sheet |
-1.3 |
-1.4 |
-1.3 |
-1.2 |
-1.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate
(Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
KPMG AZSA LLC |
KPMG AZSA LLC |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net income before tax |
13.2 |
15.7 |
13.4 |
7.2 |
3.4 |
|
Depreciation |
12.9 |
12.1 |
9.8 |
8.5 |
8.3 |
|
Impairment Loss |
0.0 |
- |
- |
- |
- |
|
Loss (gain) on sales of investment secur |
-0.1 |
-0.1 |
- |
- |
- |
|
Loss (gain) on extinguishment of tie-in |
0.0 |
-0.4 |
- |
- |
- |
|
Impairment Loss |
- |
- |
- |
0.0 |
1.6 |
|
Amortization of negative goodwill |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
|
Equity in (earnings) losses of affiliate |
4.5 |
-1.2 |
1.4 |
2.5 |
4.1 |
|
Loss (gain) on investments in partnershi |
0.0 |
0.0 |
0.0 |
-0.3 |
0.7 |
|
Loss (gain) on valuation of investment s |
0.1 |
0.0 |
0.2 |
0.5 |
0.6 |
|
Increase (decrease) in allowance for dou |
0.0 |
-0.9 |
0.0 |
-2.9 |
1.7 |
|
Increase (decrease) in provision for dir |
-0.2 |
-0.1 |
0.2 |
-0.6 |
-0.3 |
|
Increase (decrease) in provision for dir |
0.0 |
0.1 |
-0.5 |
0.1 |
0.3 |
|
Increase (decrease) in provision for ret |
0.0 |
0.1 |
0.0 |
0.2 |
0.3 |
|
Increase (decrease) in provision for los |
0.0 |
0.7 |
-0.1 |
0.1 |
-0.1 |
|
Interest & Dividend |
-1.6 |
-1.7 |
-1.6 |
-1.5 |
-1.3 |
|
Interest Expenses |
0.9 |
0.7 |
0.9 |
0.9 |
1.3 |
|
G on sale of LT inv't in secs. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Loss (gain) on extinguishment of tie-in |
- |
- |
0.0 |
- |
- |
|
Loss (gain) on sales of noncurrent asset |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Loss Retir. PP&E |
0.1 |
0.1 |
0.3 |
0.2 |
0.1 |
|
Decrease (increase) in notes and account |
1.9 |
-23.7 |
-20.3 |
2.2 |
26.7 |
|
Decrease (increase) in inventories |
-8.6 |
-4.5 |
9.9 |
9.6 |
9.8 |
|
Increase (decrease) in notes and account |
-7.6 |
14.7 |
8.8 |
-4.8 |
-18.0 |
|
Inc/Dec in Corrected Sales Under Lease |
0.0 |
-0.1 |
-1.4 |
-2.7 |
-3.9 |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Other Operating Cash Flow |
- |
-0.1 |
- |
- |
- |
|
Increase in cash and cash equivalents du |
0.0 |
0.5 |
- |
- |
- |
|
Other, net |
6.3 |
-0.7 |
0.5 |
-2.4 |
-3.1 |
|
Interest & Dividend |
1.7 |
1.8 |
1.7 |
1.7 |
1.4 |
|
Interest Paid |
-0.9 |
-0.7 |
-0.9 |
-0.8 |
-1.0 |
|
Taxes Paid |
-10.5 |
-8.1 |
-5.1 |
-6.1 |
-6.8 |
|
Adjustment |
- |
- |
0.0 |
- |
- |
|
Cash from Operating Activities |
12.1 |
4.1 |
17.1 |
11.6 |
25.7 |
|
|
|
|
|
|
|
|
Time Deposit Made |
0.0 |
-0.1 |
-0.3 |
-2.9 |
-1.5 |
|
Time Deposit Matured |
0.2 |
1.2 |
0.5 |
1.8 |
2.0 |
|
Purchase of property, plant and equipmen |
-13.2 |
-16.0 |
-4.0 |
-8.8 |
-2.9 |
|
Proceeds from sales of property, plant a |
0.1 |
0.0 |
0.2 |
0.2 |
0.2 |
|
Intang. Bought |
-3.7 |
-2.8 |
-3.1 |
-1.6 |
-2.9 |
|
Inv. Sec. Bought |
-0.3 |
-0.5 |
-0.4 |
-0.3 |
-3.7 |
|
Inv. Sec. Sold |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Proceeds from pur. of Securities in sub. |
- |
- |
0.0 |
1.9 |
0.0 |
|
Pur. of Securities in Sub. |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Loans Made |
-0.1 |
-0.7 |
-0.2 |
0.0 |
- |
|
Rounding adjustment Cash flow |
0.0 |
- |
- |
- |
- |
|
Loans Returned |
0.0 |
0.1 |
0.0 |
0.2 |
0.1 |
|
Other, net |
-1.8 |
-0.9 |
1.3 |
0.5 |
-0.6 |
|
Cash from Investing Activities |
-18.7 |
-19.7 |
-5.7 |
-9.4 |
-9.2 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
27.6 |
18.1 |
-17.0 |
1.6 |
-5.1 |
|
Repayment of finance lease |
-2.5 |
-1.5 |
-0.7 |
-0.3 |
0.0 |
|
Proceeds from long-term loans payable |
7.0 |
5.3 |
2.3 |
6.4 |
0.0 |
|
Repayment of long-term loans payable |
-4.6 |
-7.5 |
-2.1 |
-1.8 |
-0.8 |
|
Cash Dividends Paid To Minority Sharehol |
-0.1 |
0.0 |
- |
- |
- |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Stock Issued to Minority |
- |
- |
0.0 |
1.6 |
0.0 |
|
Cash dividends paid by the parent compan |
-4.0 |
-4.2 |
-3.9 |
-3.6 |
-3.3 |
|
Dividend Paid to Minor. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Purch-Treasury Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Proceeds From Sales Of Treasury Stock |
0.0 |
0.0 |
- |
- |
- |
|
Sale Trea.Stock |
- |
- |
0.0 |
0.0 |
0.0 |
|
Cash from Financing Activities |
23.4 |
10.2 |
-21.4 |
3.8 |
-9.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.7 |
-0.2 |
-0.8 |
-0.4 |
-0.8 |
|
Net Change in Cash |
18.5 |
-5.6 |
-10.8 |
5.7 |
6.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
33.7 |
41.0 |
48.6 |
39.1 |
29.8 |
|
Net Cash - Ending Balance |
52.2 |
35.4 |
37.8 |
44.8 |
36.1 |
|
Cash Interest Paid |
0.9 |
0.7 |
0.9 |
0.8 |
1.0 |
|
Cash Taxes Paid |
10.5 |
8.1 |
5.1 |
6.1 |
6.8 |
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.65.96 |
|
UK Pound |
1 |
Rs.102.91 |
|
Euro |
1 |
Rs.86.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.