MIRA
INFORM REPORT
|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOMORI CORPORATION |
|
|
|
|
Registered Office : |
3-11-1, Azumabashi Sumida-Ku, 130-8666 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
28.12.1946 |
|
|
|
|
Com. Reg. No.: |
FC020407 |
|
|
|
|
Legal Form : |
Public Parent |
|
|
|
|
Line of Business : |
Subject is engaged in the manufacture and sale of printing equipment. |
|
|
|
|
No. of Employees : |
1,814 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop a
technologically advanced economy. Two notable characteristics of the post-war
economy were the close interlocking structures of manufacturers, suppliers, and
distributors, known as keiretsu, and the guarantee of lifetime employment for a
substantial portion of the urban labor force. Both features are now eroding
under the dual pressures of global competition and domestic demographic change.
Japan's industrial sector is heavily dependent on imported raw materials and
fuels. A small agricultural sector is highly subsidized and protected, with
crop yields among the highest in the world. While self-sufficient in rice
production, Japan imports about 60% of its food on a caloric basis. For three
decades, overall real economic growth had been spectacular - a 10% average in
the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth
slowed markedly in the 1990s, averaging just 1.7%, largely because of the after
effects of inefficient investment and an asset price bubble in the late 1980s
that required a protracted period of time for firms to reduce excess debt,
capital, and labor. Modest economic growth continued after 2000, but the
economy has fallen into recession three times since 2008. A sharp downturn in
business investment and global demand for Japan's exports in late 2008 pushed
Japan into recession. Government stimulus spending helped the economy recover
in late 2009 and 2010, but the economy contracted again in 2011 as the massive
9.0 magnitude earthquake and the ensuing tsunami in March disrupted
manufacturing. The economy has largely recovered in the two years since the
disaster, but reconstruction in the Tohoku region has been uneven.
Newly-elected Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has pledged to reconsider his predecessor's plan
to permanently close nuclear power plants and is pursuing an economic
revitalization agenda of fiscal stimulus and regulatory reform and has said he
will press the Bank of Japan to loosen monetary policy. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, Japan
in 2012 stood as the fourth-largest economy in the world after second-place
China, which surpassed Japan in 2001, and third-place India, which edged out
Japan in 2012. The new government will continue a longstanding debate on
restructuring the economy and reining in Japan's huge government debt, which
exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth,
and an aging and shrinking population are other major long-term challenges for
the economy
|
Source
: CIA |
company name and address
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Description
|
KOMORI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of printing equipment. The main products of the Company include commercial printing machinery, such as sheet-fed offset printing machinery and Web offset printing machinery; special printing machinery, such as paper money and securities printing machinery; rotary printing machinery for folding cartons, as well as printing-related equipment. The Company operates its business in Japan, North America, Europe and other areas. In addition, the Company is also engaged in the provision of its business-related finance services and real estate management services. As of March 31, 2013, the Company had 17 subsidiaries. On April 1, 2013, the Company merged two Yamagata Prefecture-based wholly owned subsidiaries, with one as surviving company. For the six months ended 30 September 2013, KOMORI CORPORATION revenues increased 37% to Y40.87B. Net income applicable to common stockholders totaled Y4.07B vs. loss of Y4.71B. Revenues reflect Japan segment increase of 43% to Y29.77B, Northern America segment increase of 40% to Y3.48B, Europe segment increase of 20% to Y5.91B. Net Income reflects Japan segment income totaling Y4.07B vs. loss of Y967M. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
2469 - Other Specialised Machinery and Equipment Manufacturing |
|
ISIC Rev 4: |
|
|
NACE Rev 2: |
2899 - Manufacture of other special-purpose machinery n.e.c. |
|
NAICS 2012: |
|
|
UK SIC 2007: |
2899 - Manufacture of other special-purpose machinery n.e.c. |
|
US SIC 1987: |
|
|
|
|
Key Executives
|
Significant Developments
|
News
|
Financial Summary
|
Stock Snapshot
|
|
Registered No.(UK): FC020407
1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855
|
|
|
||||||||||||||||||||||||||||||||||||||
KOMORI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of printing equipment. The main products of the Company include commercial printing machinery, such as sheet-fed offset printing machinery and Web offset printing machinery; special printing machinery, such as paper money and securities printing machinery; rotary printing machinery for folding cartons, as well as printing-related equipment. The Company operates its business in Japan, North America, Europe and other areas. In addition, the Company is also engaged in the provision of its business-related finance services and real estate management services. As of March 31, 2013, the Company had 17 subsidiaries. On April 1, 2013, the Company merged two Yamagata Prefecture-based wholly owned subsidiaries, with one as surviving company. For the six months ended 30 September 2013, KOMORI CORPORATION revenues increased 37% to Y40.87B. Net income applicable to common stockholders totaled Y4.07B vs. loss of Y4.71B. Revenues reflect Japan segment increase of 43% to Y29.77B, Northern America segment increase of 40% to Y3.48B, Europe segment increase of 20% to Y5.91B. Net Income reflects Japan segment income totaling Y4.07B vs. loss of Y967M.
More Business Descriptions
Producing offset printing presses
Manufacture of offset printing machines
Printing Press & Equipment Mfr & Retailer
Printing Equipment
|
|
|||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||
|
|
|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
Corporate Structure News
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Sumida-Ku |
Japan |
Machinery and Equipment Manufacturing |
841.6 |
1,814 |
|
|
Subsidiary |
Tokyo |
Japan |
Machinery and Equipment Manufacturing |
|
1,000 |
|
|
Subsidiary |
Yamagata |
Japan |
Machinery and Equipment Manufacturing |
|
360 |
|
|
Subsidiary |
Utrecht |
Netherlands |
Machinery Wholesale |
158.7 |
175 |
|
|
Subsidiary |
Leeds |
United Kingdom |
Professional and Commercial Equipment Wholesale |
37.5 |
41 |
|
|
Subsidiary |
Antony |
France |
Machinery Wholesale |
58.4 |
34 |
|
|
Subsidiary |
Assago, MI |
Italy |
Machinery and Equipment Manufacturing |
22.0 |
20 |
|
|
Subsidiary |
Orleans |
France |
Machinery Wholesale |
39.2 |
149 |
|
|
Subsidiary |
Rolling Meadows, IL |
United States |
Machinery Wholesale |
16.3 |
60 |
|
|
Subsidiary |
Rolling Meadows, IL |
United States |
Machinery Wholesale |
|
4 |
|
|
Subsidiary |
Ushiku, Ibaraki |
Japan |
Machinery and Equipment Manufacturing |
|
50 |
|
|
Subsidiary |
Utrecht |
Netherlands |
Machinery and Equipment Manufacturing |
|
50 |
|
|
Subsidiary |
Shenzhen |
China |
Machinery and Equipment Manufacturing |
|
30 |
|
|
Subsidiary |
North Point |
Hong Kong |
Machinery and Equipment Manufacturing |
|
20 |
|
|
Subsidiary |
Matsudo, Chiba |
Japan |
Machinery and Equipment Manufacturing |
|
10 |
|
|
Subsidiary |
Taipei |
Taiwan |
Machinery and Equipment Manufacturing |
|
10 |
|
|
Subsidiary |
Dorking |
United Kingdom |
Machinery and Equipment Manufacturing |
|
8 |
|
|
Subsidiary |
Tokyo |
Japan |
Commercial Real Estate Leasing |
|
|
|
|
Subsidiary |
Yamagata |
Japan |
Machinery and Equipment Manufacturing |
|
|
|
|
Facility |
Tsukuba, Ibaraki |
Japan |
Machinery and Equipment Manufacturing |
|
|
Executives Report
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Directors and Shareholders Report
|
Individual Directors |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
1099-92 Nishi-Kamakwa, |
16 Jun 1997 |
NA |
Current:2 |
|
|
|
Current |
26 Oct 1927 |
276-8 Hiraoka-Cho, Sakai-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
05 May 1933 |
18-15 Den-En-Chofu 3-Chome, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
27 Jun 1939 |
202, 7-1 Mita 2-Chome, Minato-Ku, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
10 Feb 1929 |
2-4-3 Soka, Soka-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
28 Nov 1942 |
30 Rue Pierre, Narcisse, |
16 Jun 1997 |
NA |
Current:2 |
|
|
|
Current |
07 Aug 1950 |
442-36 Nanakodai, Noda-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
10 Jul 1931 |
217-44 Toyoshiki, Kashiwa-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
06 Apr 1942 |
8-3-6 Togashira, Toride-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
09 May 1938 |
6-1028-21 Nonoshita, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
19 Mar 1949 |
277-3 Miyawada, Fujishiro-Machi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
16 Mar 1944 |
804, 34-16 Shinjuki 1-Chome, Shinjuku-Ku, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
26 Jan 1936 |
2-21-47 Somechi, Chofu-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
Current |
06 Dec 1937 |
707, 2-1-2, Shin-Matsudo-Kita, Matsudo-Shi, |
16 Jun 1997 |
NA |
Current:1 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate
Directors |
|
There are no corporate directors for this company. |
|
|
|
Individual
Secretaries |
|||||||
|
There are no individual secretaries for this company. |
|||||||
|
|
|
|
|
|
|
|
|
|
Corporate
Secretaries |
|
There are no corporate secretaries for this company. |
|
|
|
Shareholders |
|
currently does not provide shareholding information for this company. |
|
|
|
|
|
News
|
|
Researchers
Submit Patent Application, "Ink Supply Method and Ink Supply
Apparatus", for Approval |
04-Dec-2013 |
|
|
|
USPTO
Published Patent application of KOMORI CORPORATION titled as "BANKNOTE
PRINTING MACHINE" |
28-Nov-2013 |
|
|
|
USPTO
Published Patent application of KOMORI CORPORATION titled as "SECURITIES
PRINTER" |
28-Nov-2013 |
|
|
|
Researchers
Submit Patent Application, "Sheet Conveyance Device", for Approval |
27-Nov-2013 |
|
|
|
USPTO
Published Patent application of Komori Corporation titled as "DIGITAL
PRINTING APPARATUS". |
23-Nov-2013 |
|
|
|
USPTO
Published Patent application of Komori Corporation titled as "DIGITAL
PRINTING APPARATUS" |
23-Nov-2013 |
|
|
|
Researchers
Submit Patent Application, "Registration Method and Apparatus for
Printing Press", for Approval |
21-Nov-2013 |
|
|
|
USPTO
Published Patent application of KOMORI CORPORATION titled as "INK SUPPLY
METHOD AND INK SUPPLY APPARATUS" |
21-Nov-2013 |
|
|
|
Patent
Issued for Liquid Supply Apparatus and Method of Manufacturing Plate Therefor |
20-Nov-2013 |
|
|
|
MECA
& Technology Machine Announces ?the Addition of VSOP Sleeves for Komori
Machines |
19-Nov-2013 |
|
|
|
Liquid
supply apparatus and method of manufacturing plate therefor |
18-Nov-2013 |
|
Annual Profit
& Loss
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
82.970472 |
78.961215 |
85.691434 |
100.484331 |
114.302336 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Total Turnover |
841.6 |
915.6 |
0.8 |
1,108.7 |
1,354.6 |
|
Cost of Sales |
599.4 |
686.6 |
0.6 |
747.7 |
873.1 |
|
Gross Profit |
242.2 |
229.0 |
0.2 |
360.9 |
481.6 |
|
Depreciation |
6.0 |
6.1 |
- |
5.4 |
4.8 |
|
Other Expenses |
280.9 |
300.8 |
0.3 |
381.3 |
362.7 |
|
Other Income |
21.9 |
8.9 |
0.0 |
7.7 |
12.9 |
|
Interest Paid |
1.2 |
3.7 |
0.0 |
1.2 |
0.9 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-18.1 |
-66.6 |
-0.1 |
-13.8 |
130.8 |
|
Tax Payable / Credit |
2.4 |
0.5 |
0.0 |
56.8 |
55.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
11.2 |
16.9 |
- |
26.8 |
22.1 |
|
Profit After Taxes |
-31.7 |
-84.0 |
-0.1 |
-97.4 |
53.8 |
|
Minority Interests (Profit & Loss) |
- |
- |
- |
0.0 |
0.0 |
|
Employees Remuneration |
47.0 |
54.4 |
51.3 |
59.7 |
57.6 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
98.77 |
99.535 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Total Tangible Fixed Assets |
346.2 |
413.9 |
0.5 |
363.6 |
343.0 |
|
Intangible Assets |
27.3 |
25.1 |
0.0 |
12.7 |
10.3 |
|
Investments |
156.7 |
195.2 |
0.2 |
221.8 |
267.0 |
|
Total Fixed Assets |
530.2 |
634.1 |
0.7 |
598.0 |
620.3 |
|
Stocks |
185.1 |
238.0 |
0.3 |
- |
- |
|
Work in Progress |
84.8 |
89.7 |
0.1 |
- |
- |
|
Total Stocks Work In Progress |
269.9 |
327.7 |
0.4 |
465.9 |
433.2 |
|
Trade Debtors |
235.1 |
244.5 |
0.2 |
341.5 |
505.1 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debtors |
235.1 |
244.5 |
0.2 |
341.5 |
505.1 |
|
Cash and Equivalents |
418.0 |
551.1 |
0.6 |
323.7 |
422.1 |
|
Other Current Assets |
79.6 |
58.2 |
0.1 |
108.3 |
151.3 |
|
Total Current Assets |
1,002.7 |
1,181.5 |
1.3 |
1,239.4 |
1,511.7 |
|
Total Assets |
1,532.9 |
1,815.7 |
1.9 |
1,837.4 |
2,132.0 |
|
Trade Creditors |
97.0 |
167.3 |
0.2 |
159.8 |
309.6 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inter-Company Creditors |
0.0 |
0.0 |
0.0 |
- |
- |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Short Term Loans |
16.3 |
85.8 |
0.0 |
38.7 |
11.9 |
|
Accruals/Deferred Income (Current Liability) |
1.4 |
2.1 |
0.0 |
2.0 |
15.8 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
4.4 |
36.4 |
|
Corporation Tax |
2.2 |
1.7 |
0.0 |
- |
- |
|
Other Current Liabilities |
176.2 |
130.7 |
0.1 |
160.8 |
173.8 |
|
Total Current Liabilities |
293.1 |
387.6 |
0.3 |
365.6 |
547.6 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Long Term Loans |
4.4 |
8.7 |
0.1 |
0.1 |
- |
|
Other Long Term Liabilities |
4.3 |
5.0 |
0.0 |
7.4 |
0.7 |
|
Total Long Term Liabilities |
8.7 |
13.7 |
0.1 |
7.5 |
0.7 |
|
Deferred Taxation |
13.6 |
10.3 |
0.0 |
0.0 |
5.7 |
|
Other Provisions |
8.9 |
8.1 |
0.0 |
8.3 |
12.1 |
|
Total Provisions |
22.5 |
18.3 |
0.0 |
8.3 |
17.8 |
|
Issued Capital |
400.8 |
457.8 |
0.5 |
381.8 |
378.9 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
449.2 |
547.4 |
0.6 |
726.8 |
819.6 |
|
Other Reserves |
358.6 |
390.8 |
0.4 |
347.4 |
367.4 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
1,208.7 |
1,396.0 |
1.5 |
1,456.0 |
1,565.9 |
|
Net Worth |
1,181.3 |
1,371.0 |
1.5 |
1,443.3 |
1,555.6 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
82.970472 |
78.961215 |
85.691434 |
100.484331 |
114.302336 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
- |
- |
-52.0 |
183.8 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
- |
- |
-25.7 |
-17.7 |
|
Taxation |
- |
- |
- |
0.0 |
0.0 |
|
Capital Expenditures |
- |
- |
- |
0.0 |
0.0 |
|
Acquisitions and Disposals |
- |
- |
- |
0.0 |
0.0 |
|
Paid Up Equity |
- |
- |
- |
0.0 |
0.0 |
|
Management of Liquid Resources |
- |
- |
- |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
- |
- |
- |
-23.8 |
-54.4 |
|
Increase in Cash |
- |
- |
- |
-101.5 |
111.7 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
98.77 |
99.535 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
3.42 |
3.05 |
3.86 |
3.39 |
2.76 |
|
Liquidity Ratio |
2.50 |
2.20 |
2.76 |
2.12 |
1.97 |
|
Stock Turnover |
275.00 |
268.00 |
243.00 |
242.00 |
359.00 |
|
Credit Period (Days) |
11,562.00 |
10,169.00 |
9,263.00 |
11,050.00 |
11,851.00 |
|
Working Capital by Sales |
9,562.00% |
9,047.00% |
10,700.00% |
7,747.00% |
6,198.00% |
|
Trade Credit by Debtors |
41.00 |
68.00 |
79.00 |
47.00 |
61.00 |
|
Return on Capital |
-129.00% |
-447.00% |
-399.00% |
-95.00% |
948.00% |
|
Return on Assets |
-104.00% |
-351.00% |
-332.00% |
-76.00% |
705.00% |
|
Profit Margin |
-215.00% |
-727.00% |
-742.00% |
-124.00% |
966.00% |
|
Return on Shareholders Funds |
-132.00% |
-457.00% |
-432.00% |
-96.00% |
959.00% |
|
Borrowing Ratio |
175.00% |
689.00% |
802.00% |
269.00% |
77.00% |
|
Equity Gearing |
7,885.00% |
7,689.00% |
7,690.00% |
7,925.00% |
7,345.00% |
|
Debt Gearing |
0.37% |
0.64% |
6.51% |
0.00% |
- |
|
Interest Coverage |
-1,500.00 |
-1,800.00 |
-1,811.00 |
-1,194.00 |
14,243.00 |
|
Sales by Tangible Assets |
214.00 |
212.00 |
194.00 |
310.00 |
454.00 |
|
Employee Remuneration by Sales |
559.00% |
594.00% |
608,716.00% |
539.00% |
425.00% |
|
Creditor Days (Cost of Sales Based) |
6,696.00 |
9,280.00 |
9,680.00 |
7,666.00 |
11,272.00 |
|
Creditor Days (Sales Based) |
4,769.00 |
6,958.00 |
7,350.00 |
5,170.00 |
7,264.00 |
Annual Income Statement
|
|
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 |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
841.6 |
915.6 |
843.0 |
739.4 |
1,108.7 |
|
Revenue |
841.6 |
915.6 |
843.0 |
739.4 |
1,108.7 |
|
Total Revenue |
841.6 |
915.6 |
843.0 |
739.4 |
1,108.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
599.9 |
686.0 |
640.6 |
570.6 |
748.6 |
|
Cost of Revenue, Total |
599.9 |
686.0 |
640.6 |
570.6 |
748.6 |
|
Gross Profit |
241.6 |
229.6 |
202.4 |
168.8 |
360.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
130.8 |
152.2 |
136.8 |
139.0 |
201.8 |
|
Labor & Related Expense |
52.4 |
59.7 |
56.8 |
56.9 |
62.8 |
|
Total Selling/General/Administrative Expenses |
183.2 |
211.9 |
193.6 |
196.0 |
264.6 |
|
Research & Development |
45.9 |
61.2 |
50.4 |
43.2 |
57.4 |
|
Depreciation |
6.0 |
6.0 |
5.3 |
5.7 |
5.4 |
|
Depreciation/Amortization |
6.0 |
6.0 |
5.3 |
5.7 |
5.4 |
|
Restructuring Charge |
20.5 |
0.4 |
0.0 |
10.7 |
2.7 |
|
Litigation |
- |
- |
0.0 |
1.2 |
0.8 |
|
Impairment-Assets Held for Use |
11.0 |
12.8 |
2.6 |
3.0 |
0.3 |
|
Impairment-Assets Held for Sale |
9.6 |
0.0 |
0.6 |
3.3 |
11.7 |
|
Other Unusual Expense (Income) |
5.2 |
0.6 |
2.7 |
-3.8 |
0.4 |
|
Unusual Expense (Income) |
46.4 |
13.8 |
5.9 |
14.4 |
15.9 |
|
Other, Net |
-0.6 |
0.6 |
-0.5 |
-0.3 |
-0.1 |
|
Other Operating Expenses, Total |
-0.6 |
0.6 |
-0.5 |
-0.3 |
-0.1 |
|
Total Operating Expense |
880.8 |
979.5 |
895.3 |
829.6 |
1,091.8 |
|
|
|
|
|
|
|
|
Operating Income |
-39.3 |
-63.9 |
-52.4 |
-90.3 |
16.9 |
|
|
|
|
|
|
|
|
Interest Expense - Non-Operating |
-1.2 |
-3.7 |
-3.4 |
-3.1 |
-1.1 |
|
Interest Expense, Net Non-Operating |
-1.2 |
-3.7 |
-3.4 |
-3.1 |
-1.1 |
|
Interest Income - Non-Operating |
1.2 |
1.9 |
0.7 |
0.6 |
3.0 |
|
Investment Income - Non-Operating |
13.0 |
-5.4 |
-10.1 |
-3.3 |
-35.0 |
|
Interest/Investment Income - Non-Operating |
14.1 |
-3.5 |
-9.3 |
-2.6 |
-31.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
13.0 |
-7.2 |
-12.8 |
-5.7 |
-33.1 |
|
Gain (Loss) on Sale of Assets |
1.7 |
1.5 |
0.0 |
-0.2 |
0.3 |
|
Other Non-Operating Income (Expense) |
4.1 |
3.1 |
2.6 |
5.2 |
2.2 |
|
Other, Net |
4.1 |
3.1 |
2.6 |
5.2 |
2.2 |
|
Income Before Tax |
-20.5 |
-66.6 |
-62.5 |
-91.0 |
-13.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
2.4 |
0.4 |
10.0 |
22.0 |
56.8 |
|
Income After Tax |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
Net Income |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
|
|
|
|
|
|
|
Miscellaneous Earnings Adjustment |
- |
0.0 |
0.0 |
- |
0.0 |
|
Total Adjustments to Net Income |
- |
0.0 |
0.0 |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
62.0 |
65.6 |
66.8 |
66.8 |
67.3 |
|
Basic EPS Excl Extraord Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Basic/Primary EPS Incl Extraord Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
Diluted Weighted Average Shares |
62.0 |
65.6 |
66.8 |
66.8 |
67.3 |
|
Diluted EPS Excl Extraord Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Diluted EPS Incl Extraord Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Dividends per Share - Common Stock Primary Issue |
0.12 |
0.25 |
0.23 |
0.22 |
0.40 |
|
Gross Dividends - Common Stock |
7.4 |
16.3 |
15.6 |
14.4 |
26.7 |
|
Interest Expense, Supplemental |
1.2 |
3.7 |
3.4 |
3.1 |
1.1 |
|
Depreciation, Supplemental |
27.1 |
36.1 |
36.0 |
31.2 |
29.1 |
|
Total Special Items |
44.7 |
12.4 |
5.9 |
14.6 |
15.7 |
|
Normalized Income Before Tax |
24.2 |
-54.2 |
-56.6 |
-76.4 |
1.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
15.6 |
4.3 |
2.1 |
5.1 |
5.5 |
|
Inc Tax Ex Impact of Sp Items |
18.0 |
4.8 |
12.0 |
27.1 |
62.3 |
|
Normalized Income After Tax |
6.1 |
-59.0 |
-68.7 |
-103.5 |
-60.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
6.1 |
-59.0 |
-68.7 |
-103.5 |
-60.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.10 |
-0.90 |
-1.03 |
-1.55 |
-0.90 |
|
Diluted Normalized EPS |
0.10 |
-0.90 |
-1.03 |
-1.55 |
-0.90 |
|
Research & Development Exp, Supplemental |
45.9 |
61.2 |
50.4 |
43.2 |
57.4 |
|
Reported Operating Profit |
7.1 |
-50.1 |
-46.4 |
-75.9 |
33.5 |
|
Reported Ordinary Profit |
21.2 |
-54.2 |
-56.6 |
-77.6 |
1.0 |
|
Normalized EBIT |
7.1 |
-50.1 |
-46.4 |
-75.9 |
32.8 |
|
Normalized EBITDA |
34.2 |
-14.0 |
-10.4 |
-44.6 |
61.8 |
|
Current Tax - Total |
1.8 |
1.1 |
- |
- |
- |
|
Current Tax - Total |
1.8 |
1.1 |
- |
- |
- |
|
Deferred Tax - Total |
0.6 |
-0.6 |
- |
- |
- |
|
Deferred Tax - Total |
0.6 |
-0.6 |
- |
- |
- |
|
Income Tax - Total |
2.4 |
0.5 |
- |
- |
- |
|
Interest Cost - Domestic |
3.9 |
4.0 |
3.7 |
3.6 |
3.7 |
|
Service Cost - Domestic |
7.9 |
8.1 |
8.0 |
6.9 |
9.5 |
|
Prior Service Cost - Domestic |
- |
0.0 |
0.4 |
- |
0.1 |
|
Expected Return on Assets - Domestic |
-3.1 |
-3.1 |
-2.8 |
-2.5 |
-3.8 |
|
Actuarial Gains and Losses - Domestic |
2.7 |
2.8 |
2.3 |
2.6 |
1.7 |
|
Other Pension, Net - Domestic |
1.0 |
- |
- |
0.9 |
- |
|
Domestic Pension Plan Expense |
12.4 |
11.8 |
11.6 |
11.4 |
11.2 |
|
Total Pension Expense |
12.4 |
11.8 |
11.6 |
11.4 |
11.2 |
|
Discount Rate - Domestic |
1.20% |
- |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.50% |
- |
1.50% |
1.50% |
2.50% |
|
Total Plan Interest Cost |
3.9 |
4.0 |
3.7 |
3.6 |
3.7 |
|
Total Plan Service Cost |
7.9 |
8.1 |
8.0 |
6.9 |
9.5 |
|
Total Plan Expected Return |
-3.1 |
-3.1 |
-2.8 |
-2.5 |
-3.8 |
|
Total Plan Other Expense |
1.0 |
- |
- |
0.9 |
- |
|
|
|
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 |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
418.0 |
551.1 |
600.4 |
585.1 |
323.7 |
|
Short Term Investments |
50.5 |
28.1 |
34.3 |
12.6 |
13.5 |
|
Cash and Short Term Investments |
468.5 |
579.2 |
634.7 |
597.7 |
337.2 |
|
Accounts Receivable - Trade, Gross |
235.1 |
244.5 |
221.2 |
204.7 |
341.4 |
|
Provision for Doubtful Accounts |
-2.9 |
-3.7 |
-3.5 |
-5.1 |
-6.1 |
|
Trade Accounts Receivable - Net |
232.2 |
240.8 |
217.7 |
199.6 |
335.3 |
|
Total Receivables, Net |
232.2 |
240.8 |
217.7 |
199.6 |
335.3 |
|
Inventories - Finished Goods |
120.0 |
161.9 |
181.0 |
231.0 |
305.4 |
|
Inventories - Work In Progress |
84.8 |
89.7 |
105.7 |
72.0 |
84.5 |
|
Inventories - Raw Materials |
65.1 |
76.1 |
71.4 |
68.7 |
76.0 |
|
Total Inventory |
269.9 |
327.7 |
358.2 |
371.6 |
465.9 |
|
Deferred Income Tax - Current Asset |
0.7 |
0.9 |
1.2 |
11.2 |
30.3 |
|
Other Current Assets |
28.5 |
29.1 |
42.8 |
42.7 |
64.5 |
|
Other Current Assets, Total |
29.2 |
30.1 |
44.1 |
53.9 |
94.8 |
|
Total Current Assets |
999.8 |
1,177.8 |
1,254.6 |
1,222.9 |
1,233.2 |
|
|
|
|
|
|
|
|
Buildings |
312.9 |
355.6 |
359.8 |
322.8 |
246.2 |
|
Land/Improvements |
184.8 |
209.0 |
213.5 |
186.9 |
176.8 |
|
Machinery/Equipment |
241.4 |
276.0 |
281.3 |
247.6 |
233.6 |
|
Construction in Progress |
0.4 |
2.3 |
2.3 |
2.4 |
32.2 |
|
Other Property/Plant/Equipment |
78.1 |
89.0 |
98.8 |
88.5 |
86.2 |
|
Property/Plant/Equipment - Gross |
817.5 |
932.0 |
955.5 |
848.1 |
775.1 |
|
Accumulated Depreciation |
-471.3 |
-518.1 |
-505.3 |
-428.2 |
-411.5 |
|
Property/Plant/Equipment - Net |
346.2 |
413.9 |
450.3 |
419.9 |
363.6 |
|
Intangibles, Net |
27.3 |
25.1 |
26.6 |
24.0 |
12.7 |
|
LT Investment - Affiliate Companies |
- |
- |
2.1 |
- |
- |
|
LT Investments - Other |
77.8 |
78.9 |
78.1 |
77.3 |
60.1 |
|
Long Term Investments |
77.8 |
78.9 |
80.2 |
77.3 |
60.1 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
1.3 |
2.6 |
|
Deferred Income Tax - Long Term Asset |
0.2 |
0.7 |
1.3 |
1.7 |
1.2 |
|
Restricted Cash - Long Term |
3.7 |
6.9 |
5.7 |
4.0 |
48.1 |
|
Other Long Term Assets |
75.0 |
108.7 |
126.0 |
115.4 |
109.7 |
|
Other Long Term Assets, Total |
78.9 |
116.3 |
133.0 |
121.0 |
159.0 |
|
Total Assets |
1,530.0 |
1,811.9 |
1,944.7 |
1,866.5 |
1,831.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
97.0 |
167.3 |
175.5 |
136.8 |
159.8 |
|
Accrued Expenses |
6.0 |
7.8 |
7.6 |
7.0 |
9.6 |
|
Notes Payable/Short Term Debt |
63.8 |
85.7 |
18.1 |
42.5 |
39.3 |
|
Current Portion - Long Term Debt/Capital Leases |
4.8 |
- |
5.4 |
3.6 |
- |
|
Income Taxes Payable |
2.2 |
1.7 |
2.2 |
1.2 |
4.3 |
|
Other Current Liabilities |
116.4 |
121.4 |
113.3 |
134.0 |
146.4 |
|
Other Current liabilities, Total |
118.6 |
123.1 |
115.5 |
135.2 |
150.7 |
|
Total Current Liabilities |
290.2 |
383.9 |
322.0 |
325.0 |
359.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
4.4 |
8.7 |
95.7 |
97.2 |
0.1 |
|
Capital Lease Obligations |
0.8 |
- |
0.7 |
1.2 |
- |
|
Total Long Term Debt |
5.2 |
8.7 |
96.4 |
98.4 |
0.1 |
|
Total Debt |
73.8 |
94.5 |
119.9 |
144.5 |
39.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
13.6 |
10.3 |
12.8 |
13.6 |
0.0 |
|
Deferred Income Tax |
13.6 |
10.3 |
12.8 |
13.6 |
0.0 |
|
Reserves |
0.1 |
0.2 |
0.7 |
1.2 |
2.1 |
|
Pension Benefits - Underfunded |
8.7 |
7.8 |
8.0 |
6.9 |
6.2 |
|
Other Long Term Liabilities |
3.5 |
5.0 |
6.4 |
6.1 |
7.4 |
|
Other Liabilities, Total |
12.4 |
13.0 |
15.2 |
14.1 |
15.7 |
|
Total Liabilities |
321.3 |
415.9 |
446.4 |
451.2 |
375.1 |
|
|
|
|
|
|
|
|
Common Stock |
400.8 |
457.8 |
455.0 |
403.6 |
381.8 |
|
Common Stock |
400.8 |
457.8 |
455.0 |
403.6 |
381.8 |
|
Additional Paid-In Capital |
401.7 |
458.8 |
456.0 |
404.5 |
382.7 |
|
Retained Earnings (Accumulated Deficit) |
449.2 |
547.4 |
624.1 |
634.4 |
726.8 |
|
Treasury Stock - Common |
-52.6 |
-60.1 |
-29.6 |
-26.2 |
-24.7 |
|
Unrealized Gain (Loss) |
20.9 |
10.2 |
10.6 |
13.1 |
2.0 |
|
Translation Adjustment |
-11.3 |
-18.0 |
-17.9 |
-14.1 |
-12.5 |
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Other Comprehensive Income |
-0.1 |
- |
- |
- |
- |
|
Other Equity, Total |
-11.4 |
-18.0 |
-17.9 |
-14.1 |
-12.5 |
|
Total Equity |
1,208.7 |
1,396.0 |
1,498.3 |
1,415.3 |
1,456.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,530.0 |
1,811.9 |
1,944.7 |
1,866.5 |
1,831.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
62.0 |
62.0 |
66.8 |
66.8 |
66.8 |
|
Total Common Shares Outstanding |
62.0 |
62.0 |
66.8 |
66.8 |
66.8 |
|
Treasury Shares - Common Stock Primary Issue |
6.3 |
6.3 |
1.5 |
1.5 |
1.5 |
|
Employees |
1,814 |
2,104 |
2,138 |
2,190 |
2,471 |
|
Number of Common Shareholders |
4,241 |
4,738 |
4,614 |
- |
4,729 |
|
Deferred Revenue - Current |
- |
- |
1.5 |
1.8 |
2.0 |
|
Total Long Term Debt, Supplemental |
8.7 |
81.0 |
100.2 |
99.4 |
0.1 |
|
Long Term Debt Maturing within 1 Year |
4.4 |
72.3 |
4.5 |
2.2 |
0.0 |
|
Long Term Debt Maturing in Year 2 |
4.4 |
4.3 |
86.8 |
4.5 |
0.0 |
|
Long Term Debt Maturing in Year 3 |
- |
4.4 |
4.5 |
83.9 |
0.0 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
4.5 |
4.4 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
0.0 |
4.4 |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
4.4 |
8.7 |
91.3 |
88.4 |
0.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
4.5 |
8.8 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
1.2 |
1.4 |
1.6 |
2.5 |
4.1 |
|
Capital Lease Payments Due in Year 1 |
0.4 |
0.6 |
0.9 |
1.4 |
2.2 |
|
Capital Lease Payments Due in Year 2 |
0.3 |
0.3 |
0.4 |
0.7 |
1.2 |
|
Capital Lease Payments Due in Year 3 |
0.3 |
0.2 |
0.2 |
0.3 |
0.6 |
|
Capital Lease Payments Due in Year 4 |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.6 |
0.6 |
0.6 |
1.0 |
1.8 |
|
Capital Lease Payments Due in 4-5 Years |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Pension Obligation - Domestic |
157.0 |
176.7 |
168.0 |
146.5 |
139.9 |
|
Plan Assets - Domestic |
131.8 |
155.4 |
145.4 |
125.4 |
113.3 |
|
Funded Status - Domestic |
-25.1 |
-21.2 |
-22.6 |
-21.1 |
-26.6 |
|
Total Funded Status |
-25.1 |
-21.2 |
-22.6 |
-21.1 |
-26.6 |
|
Discount Rate - Domestic |
1.20% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Rate of Return - Domestic |
1.50% |
1.50% |
1.50% |
1.50% |
2.50% |
|
Prepaid Benefits - Domestic |
4.7 |
6.9 |
7.4 |
7.0 |
7.3 |
|
Accrued Liabilities - Domestic |
-8.7 |
-7.8 |
-8.0 |
-6.9 |
-6.2 |
|
Other Assets, Net - Domestic |
21.2 |
20.3 |
22.0 |
21.2 |
27.7 |
|
Net Assets Recognized on Balance Sheet |
17.3 |
19.5 |
21.4 |
21.4 |
28.9 |
|
Total Plan Obligations |
157.0 |
176.7 |
168.0 |
146.5 |
139.9 |
|
Total Plan Assets |
131.8 |
155.4 |
145.4 |
125.4 |
113.3 |
|
|
|
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 |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-20.5 |
-66.6 |
-62.6 |
-91.0 |
-13.8 |
|
Depreciation |
27.1 |
36.1 |
36.0 |
31.2 |
29.1 |
|
Depreciation/Depletion |
27.1 |
36.1 |
36.0 |
31.2 |
29.1 |
|
Unusual Items |
36.4 |
12.0 |
-0.6 |
3.1 |
11.2 |
|
Other Non-Cash Items |
-0.7 |
3.0 |
11.6 |
0.7 |
37.3 |
|
Non-Cash Items |
35.7 |
14.9 |
11.0 |
3.8 |
48.6 |
|
Accounts Receivable |
-14.6 |
-23.0 |
-2.8 |
135.8 |
133.1 |
|
Inventories |
28.7 |
28.3 |
42.7 |
108.5 |
-66.2 |
|
Accounts Payable |
0.4 |
-7.4 |
18.8 |
-29.0 |
-142.3 |
|
Accrued Expenses |
-0.9 |
0.1 |
-0.2 |
-3.2 |
-4.1 |
|
Taxes Payable |
2.1 |
-0.5 |
4.2 |
-3.1 |
5.3 |
|
Other Operating Cash Flow |
-24.2 |
8.1 |
5.6 |
16.7 |
-41.7 |
|
Changes in Working Capital |
-8.6 |
5.5 |
68.2 |
225.7 |
-115.9 |
|
Cash from Operating Activities |
33.7 |
-10.0 |
52.6 |
169.7 |
-52.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-18.2 |
-9.7 |
-47.1 |
-50.9 |
-46.9 |
|
Capital Expenditures |
-18.2 |
-9.7 |
-47.1 |
-50.9 |
-46.9 |
|
Sale of Fixed Assets |
2.9 |
4.6 |
0.4 |
0.7 |
1.0 |
|
Sale/Maturity of Investment |
104.7 |
149.3 |
52.7 |
40.4 |
23.1 |
|
Purchase of Investments |
-72.6 |
-112.1 |
-143.8 |
-18.5 |
-17.8 |
|
Other Investing Cash Flow |
16.4 |
26.5 |
6.5 |
-0.3 |
14.9 |
|
Other Investing Cash Flow Items, Total |
51.4 |
68.3 |
-84.3 |
22.4 |
21.2 |
|
Cash from Investing Activities |
33.3 |
58.5 |
-131.4 |
-28.5 |
-25.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.0 |
- |
- |
- |
|
Financing Cash Flow Items |
0.0 |
0.0 |
- |
- |
- |
|
Cash Dividends Paid - Common |
-11.2 |
-16.9 |
-15.6 |
-21.6 |
-26.8 |
|
Total Cash Dividends Paid |
-11.2 |
-16.9 |
-15.6 |
-21.6 |
-26.8 |
|
Common Stock, Net |
0.0 |
-31.6 |
0.0 |
0.0 |
-10.5 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-31.6 |
0.0 |
0.0 |
-10.5 |
|
Short Term Debt Issued |
- |
- |
- |
- |
53.6 |
|
Short Term Debt Reduction |
- |
- |
- |
- |
-19.7 |
|
Short Term Debt, Net |
-5.0 |
-3.4 |
-22.9 |
-0.4 |
33.9 |
|
Long Term Debt Issued |
- |
- |
0.0 |
101.8 |
0.1 |
|
Long Term Debt Reduction |
-77.1 |
-17.2 |
-3.8 |
-2.4 |
-3.6 |
|
Long Term Debt, Net |
-77.1 |
-17.2 |
-3.8 |
99.4 |
-3.6 |
|
Issuance (Retirement) of Debt, Net |
-82.1 |
-20.6 |
-26.7 |
99.0 |
30.3 |
|
Cash from Financing Activities |
-93.3 |
-69.2 |
-42.3 |
77.4 |
-7.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
11.8 |
-2.7 |
-6.8 |
-1.5 |
-16.8 |
|
Net Change in Cash |
-14.6 |
-23.4 |
-127.9 |
217.1 |
-101.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
473.2 |
520.7 |
607.7 |
343.2 |
419.0 |
|
Net Cash - Ending Balance |
458.6 |
497.3 |
479.8 |
560.3 |
317.4 |
|
Cash Interest Paid |
1.5 |
3.7 |
3.6 |
2.8 |
1.1 |
|
Cash Taxes Paid |
1.1 |
0.0 |
-3.8 |
-18.0 |
62.0 |
Annual Income Statement
|
|
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 |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Total net sales |
841.6 |
915.6 |
843.0 |
739.4 |
1,108.7 |
|
Total Revenue |
841.6 |
915.6 |
843.0 |
739.4 |
1,108.7 |
|
|
|
|
|
|
|
|
Cost of Sales(1) |
- |
686.0 |
- |
- |
- |
|
Cost of Sales |
599.9 |
- |
640.6 |
570.6 |
747.9 |
|
Reverse Dfrd Revenue |
-1.6 |
-0.5 |
-0.5 |
-0.6 |
-0.6 |
|
Deferred Revenues |
1.1 |
1.1 |
0.0 |
0.4 |
0.5 |
|
Other Selling/General/Admin. Expense |
83.1 |
91.4 |
- |
- |
- |
|
Retirement Related Expense |
3.8 |
3.8 |
- |
- |
- |
|
Payroll |
47.0 |
54.4 |
51.3 |
52.1 |
59.7 |
|
Sales Freight |
41.4 |
47.8 |
41.8 |
37.5 |
57.4 |
|
Research & Development |
45.9 |
61.2 |
50.4 |
43.2 |
57.4 |
|
Allowance for Sale Warranty |
6.6 |
7.4 |
5.3 |
2.6 |
5.6 |
|
Allowance for Bonus |
1.6 |
1.6 |
1.7 |
1.5 |
2.3 |
|
Depreciation |
6.0 |
6.0 |
5.3 |
5.7 |
5.4 |
|
Allowance for Sales Promotion |
- |
- |
- |
- |
0.4 |
|
Periodic retirement benefit costs |
- |
- |
3.8 |
3.4 |
- |
|
Allowance for Director Retirement B'fit |
- |
- |
- |
- |
0.9 |
|
Allowance for Doubtful Account |
-0.5 |
3.8 |
0.2 |
1.1 |
5.1 |
|
Allowance for Debt Security Deposit Loss |
0.2 |
1.8 |
0.4 |
1.3 |
3.3 |
|
Other General Expenses |
- |
- |
89.2 |
96.5 |
130.1 |
|
Rounding adjustment Income Statement |
0.0 |
- |
- |
- |
- |
|
Retirement benefit expenses |
1.0 |
- |
- |
- |
- |
|
SP Reverse Doubt. Acct. |
- |
- |
- |
0.0 |
-0.3 |
|
SP Gain on prior periods adjustment |
- |
- |
0.0 |
-4.1 |
0.0 |
|
SP, Reversal G. Debt Security Deposit |
- |
- |
- |
0.0 |
-0.3 |
|
Loss on disposal of inventories |
2.9 |
- |
- |
- |
- |
|
SP Impairment Loss |
6.3 |
12.7 |
2.4 |
0.0 |
0.0 |
|
SP Loss/Retire Assets |
1.8 |
0.1 |
0.3 |
3.0 |
0.3 |
|
SP Loss Val. Invest.Sec |
9.6 |
0.0 |
0.6 |
3.3 |
11.7 |
|
SP L. on prior year's adjustment |
- |
- |
- |
- |
0.0 |
|
SP Resv. for business restructuring |
4.1 |
- |
0.0 |
0.3 |
1.0 |
|
SP Business Restructuring Expenses |
20.5 |
0.4 |
0.0 |
10.7 |
2.7 |
|
Provision for loss on retirement and oth |
0.0 |
0.3 |
0.6 |
0.0 |
- |
|
Provision for loss on disaster |
- |
- |
0.8 |
0.0 |
- |
|
SP Loss on disaster |
0.0 |
0.4 |
1.3 |
0.0 |
- |
|
NOP Loss Valuation of Inventories |
- |
- |
- |
- |
0.0 |
|
NOP L-Retir.Inventories |
- |
- |
- |
0.0 |
0.7 |
|
NOP Legal Settlement |
- |
- |
0.0 |
1.2 |
0.8 |
|
Total Operating Expense |
880.8 |
979.5 |
895.3 |
829.6 |
1,091.8 |
|
|
|
|
|
|
|
|
SP Gain-sale of fixed assets |
1.8 |
1.5 |
0.0 |
0.1 |
0.3 |
|
Foreign Exchange Gains |
11.1 |
- |
- |
- |
- |
|
SP L on sale fixed asset |
-0.1 |
0.0 |
0.0 |
-0.3 |
0.0 |
|
NOP Interest Income |
1.2 |
1.9 |
0.7 |
0.6 |
3.0 |
|
NOP Dividends received |
1.8 |
2.0 |
1.8 |
1.6 |
2.1 |
|
Insurance fee |
3.4 |
- |
- |
- |
- |
|
Other Non-Operating Income (Expense) |
0.0 |
0.0 |
- |
- |
- |
|
NOP Revese Life Insuran. |
- |
0.7 |
1.2 |
0.3 |
0.4 |
|
NOP Subsidy income |
- |
- |
0.1 |
2.5 |
0.0 |
|
NOP Gain Sale Inv.. Sec. |
- |
- |
- |
- |
0.0 |
|
Miscellaneous income |
4.2 |
6.3 |
4.0 |
5.1 |
5.9 |
|
NOP Interest Expense |
-1.2 |
-3.7 |
-3.4 |
-3.1 |
-1.1 |
|
NOP Damage Compensation |
-1.8 |
-0.4 |
-1.2 |
-0.9 |
-0.4 |
|
NOP Loss Exchagne Rate |
0.0 |
-7.4 |
-11.9 |
-4.9 |
-37.1 |
|
Miscellaneous expenses |
-1.7 |
-3.5 |
-1.5 |
-1.8 |
-3.7 |
|
Net Income Before Taxes |
-20.5 |
-66.6 |
-62.5 |
-91.0 |
-13.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2.4 |
0.4 |
10.0 |
22.0 |
56.8 |
|
Net Income After Taxes |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
Net Income |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.5 |
|
|
|
|
|
|
|
|
EPS Adjustment |
- |
0.0 |
0.0 |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
62.0 |
65.6 |
66.8 |
66.8 |
67.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Basic EPS Including ExtraOrdinary Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-22.9 |
-67.0 |
-72.5 |
-113.0 |
-70.6 |
|
Diluted Weighted Average Shares |
62.0 |
65.6 |
66.8 |
66.8 |
67.3 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
Diluted EPS Including ExtraOrd Items |
-0.37 |
-1.02 |
-1.09 |
-1.69 |
-1.05 |
|
DPS-Ordinary Shares |
0.12 |
0.25 |
0.23 |
0.22 |
0.40 |
|
Gross Dividends - Common Stock |
7.4 |
16.3 |
15.6 |
14.4 |
26.7 |
|
Normalized Income Before Taxes |
24.2 |
-54.2 |
-56.6 |
-76.4 |
1.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
18.0 |
4.8 |
12.0 |
27.1 |
62.3 |
|
Normalized Income After Taxes |
6.1 |
-59.0 |
-68.7 |
-103.5 |
-60.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
6.1 |
-59.0 |
-68.7 |
-103.5 |
-60.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.10 |
-0.90 |
-1.03 |
-1.55 |
-0.90 |
|
Diluted Normalized EPS |
0.10 |
-0.90 |
-1.03 |
-1.55 |
-0.90 |
|
Interest Expense |
1.2 |
3.7 |
3.4 |
3.1 |
1.1 |
|
Depreciation |
27.1 |
36.1 |
36.0 |
31.2 |
29.1 |
|
R&D Expenses |
45.9 |
61.2 |
50.4 |
43.2 |
57.4 |
|
Income taxes-current |
1.8 |
1.1 |
- |
- |
- |
|
Current Tax - Total |
1.8 |
1.1 |
- |
- |
- |
|
Income taxes-deferred |
0.6 |
-0.6 |
- |
- |
- |
|
Deferred Tax - Total |
0.6 |
-0.6 |
- |
- |
- |
|
Income Tax - Total |
2.4 |
0.5 |
- |
- |
- |
|
Reported Operating Profit |
7.1 |
-50.1 |
-46.4 |
-75.9 |
33.5 |
|
Reported Ordinary Profit |
21.2 |
-54.2 |
-56.6 |
-77.6 |
1.0 |
|
Service Cost |
7.9 |
8.1 |
8.0 |
6.9 |
9.5 |
|
Interest Cost |
3.9 |
4.0 |
3.7 |
3.6 |
3.7 |
|
Expected Return on Plan Assets |
-3.1 |
-3.1 |
-2.8 |
-2.5 |
-3.8 |
|
Prior Service Cost |
- |
0.0 |
0.4 |
- |
0.1 |
|
Actuarial Gains & Losses |
2.7 |
2.8 |
2.3 |
2.6 |
1.7 |
|
Retirement Benefit Expenses Pension Expe |
1.0 |
- |
- |
- |
- |
|
Nonrecurr. additional retire. benefits |
- |
- |
- |
0.2 |
- |
|
Pension cost |
- |
- |
- |
0.7 |
- |
|
Domestic Pension Plan Expense |
12.4 |
11.8 |
11.6 |
11.4 |
11.2 |
|
Total Pension Expense |
12.4 |
11.8 |
11.6 |
11.4 |
11.2 |
|
Discount Rate(MIN)-Domestic |
1.20% |
- |
- |
- |
- |
|
Discount rate |
- |
- |
2.00% |
2.00% |
2.00% |
|
Expected return on assets(MIN)-Domestic |
1.50% |
- |
- |
- |
- |
|
Expected rate of return |
- |
- |
1.50% |
1.50% |
2.50% |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate |
94.088557 |
82.385362 |
82.88 |
93.44 |
98.77 |
|
Auditor |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash&Deposits |
418.0 |
551.1 |
600.4 |
585.1 |
323.7 |
|
Notes and accounts receivable-trade |
235.1 |
244.5 |
221.2 |
204.7 |
341.4 |
|
Short-term investment securities |
50.5 |
28.1 |
34.3 |
12.6 |
13.5 |
|
Inventories-merchandise & finished goods |
120.0 |
161.9 |
181.0 |
231.0 |
305.4 |
|
Inventories - work-in-process |
84.8 |
89.7 |
105.7 |
72.0 |
84.5 |
|
Inventories - raw materials & supplies |
65.1 |
76.1 |
71.4 |
68.7 |
76.0 |
|
Rounding adjustment Assets |
0.0 |
0.0 |
- |
- |
- |
|
Current portion of Insurance funds |
6.2 |
4.5 |
9.7 |
10.3 |
9.1 |
|
Deferred Tax |
0.7 |
0.9 |
1.2 |
11.2 |
30.3 |
|
Other Current Assets |
22.3 |
24.5 |
33.2 |
32.4 |
55.4 |
|
Allowance-Doubt. |
-2.9 |
-3.7 |
-3.5 |
-5.1 |
-6.1 |
|
Total Current Assets |
999.8 |
1,177.8 |
1,254.6 |
1,222.9 |
1,233.2 |
|
|
|
|
|
|
|
|
Build.& Structure |
312.9 |
355.6 |
359.8 |
322.8 |
246.2 |
|
Accmulated Depreciation |
-185.6 |
-199.4 |
-188.6 |
-155.6 |
-153.9 |
|
Machinery, equipment and vehicles |
241.4 |
276.0 |
281.3 |
247.6 |
233.6 |
|
Accumulated depreciation |
-213.1 |
-236.4 |
-226.0 |
-192.3 |
-182.4 |
|
Land |
184.8 |
209.0 |
213.5 |
186.9 |
176.8 |
|
Constru. in Prog |
0.4 |
2.3 |
2.3 |
2.4 |
32.2 |
|
Other PPE |
78.1 |
89.0 |
98.8 |
88.5 |
86.2 |
|
Accumulated depreciation |
-72.6 |
-82.3 |
-90.6 |
-80.3 |
-75.2 |
|
Intangible assets |
27.3 |
25.1 |
26.6 |
24.0 |
12.7 |
|
Investment Securities |
- |
2.1 |
- |
- |
- |
|
Other LT |
- |
76.8 |
- |
- |
- |
|
Invest. Security |
77.8 |
- |
78.1 |
77.3 |
60.1 |
|
Inv. sec. in non-conso. - stock |
- |
- |
2.1 |
- |
- |
|
LT Loans |
- |
- |
0.0 |
1.3 |
2.6 |
|
Deferred tax assets |
0.2 |
0.7 |
1.3 |
1.7 |
1.2 |
|
Rounding adjustment Assets |
0.0 |
- |
- |
- |
- |
|
Allowance For Doubtful Accounts |
-2.1 |
- |
- |
- |
- |
|
Rounding adjustment Assets |
- |
0.0 |
- |
- |
- |
|
Other Other Long Term Assets |
0.0 |
0.0 |
- |
- |
- |
|
Insurance Reserve |
64.6 |
94.4 |
110.3 |
102.9 |
98.8 |
|
Long-term time deposits |
3.7 |
6.9 |
5.7 |
4.0 |
48.1 |
|
Allowance-Doubt. |
- |
-3.7 |
-4.2 |
-4.6 |
-7.7 |
|
Other |
12.5 |
17.9 |
19.9 |
17.0 |
18.6 |
|
Property/Plant/Equipment, Total - Net |
0.0 |
- |
- |
- |
- |
|
Other Buildings, Net |
- |
0.0 |
- |
- |
- |
|
Other PPE net |
- |
0.0 |
- |
- |
- |
|
Other Other Tangible Fixed Assets, Net |
- |
0.0 |
- |
- |
- |
|
Total Assets |
1,530.0 |
1,811.9 |
1,944.7 |
1,866.5 |
1,831.2 |
|
|
|
|
|
|
|
|
Notes and accounts payable-trade |
97.0 |
167.3 |
175.5 |
136.8 |
159.8 |
|
Electronically recorded obligations-oper |
51.9 |
- |
- |
- |
- |
|
Short-term loans payable |
11.9 |
85.7 |
17.8 |
39.6 |
38.7 |
|
Current Portion of Long Term Debt |
4.4 |
- |
- |
- |
- |
|
Lease Obligations - Current Liabilities |
0.4 |
- |
- |
- |
- |
|
Curr. LT Debt |
- |
- |
4.5 |
2.2 |
- |
|
Curr. Lease |
- |
- |
0.9 |
1.4 |
- |
|
Tax Payable |
2.2 |
1.7 |
2.2 |
1.2 |
4.3 |
|
Allowance-Bonus |
6.0 |
7.8 |
7.6 |
7.0 |
9.6 |
|
Other - Balancing value |
92.6 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.1 |
- |
- |
- |
|
Provision for point card certificates |
0.0 |
0.2 |
- |
- |
- |
|
Allow.-Guaranty |
10.5 |
10.4 |
10.1 |
8.2 |
11.8 |
|
Prov-Liab. Depos |
7.9 |
12.6 |
14.6 |
16.6 |
22.9 |
|
Allowance for Director Bonus |
- |
- |
- |
- |
0.0 |
|
Deferred Payment |
1.4 |
2.1 |
1.5 |
1.8 |
2.0 |
|
Note Pay.-Equip. |
- |
- |
0.3 |
2.9 |
0.6 |
|
Provision for loss on disaster |
- |
0.0 |
0.8 |
0.0 |
- |
|
Provision for loss on retirement and oth |
- |
0.2 |
0.7 |
0.0 |
- |
|
Reserve for Business Structure Improve. |
4.1 |
- |
0.0 |
0.3 |
0.9 |
|
Reserve for relocation |
- |
- |
- |
0.0 |
0.5 |
|
Other Current |
- |
95.7 |
85.6 |
107.0 |
108.3 |
|
Total Current Liabilities |
290.2 |
383.9 |
322.0 |
325.0 |
359.4 |
|
|
|
|
|
|
|
|
Long-term loans payable |
4.4 |
8.7 |
95.7 |
97.2 |
0.1 |
|
Lease Obligations Noncurrent Liabilities |
0.8 |
- |
- |
- |
- |
|
Capital Lease |
- |
- |
0.7 |
1.2 |
- |
|
Total Long Term Debt |
5.2 |
8.7 |
96.4 |
98.4 |
0.1 |
|
|
|
|
|
|
|
|
Deferred tax liabilities |
13.6 |
10.3 |
12.8 |
13.6 |
0.0 |
|
Provision for directors'' retirement ben |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accr. Retirement |
8.7 |
7.8 |
8.0 |
6.9 |
6.2 |
|
Reserve for Sales Promotion |
0.0 |
0.1 |
0.6 |
1.1 |
2.0 |
|
Reserve for Environment |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other - Balancing value |
3.5 |
- |
- |
- |
- |
|
Other Long Term Liabilities |
0.0 |
- |
- |
- |
- |
|
Rounding adjustment Liability |
- |
0.0 |
- |
- |
- |
|
Other LT Liab. |
- |
5.0 |
6.4 |
6.1 |
7.4 |
|
Total Liabilities |
321.3 |
415.9 |
446.4 |
451.2 |
375.1 |
|
|
|
|
|
|
|
|
Other Equity |
0.0 |
- |
- |
- |
- |
|
Deferred gains or losses on hedges |
-0.1 |
- |
- |
- |
- |
|
Common Stock |
400.8 |
457.8 |
455.0 |
403.6 |
381.8 |
|
Total capital surpluses |
401.7 |
458.8 |
456.0 |
404.5 |
382.7 |
|
Total retained earnings |
449.2 |
547.4 |
624.1 |
634.4 |
726.8 |
|
Valuation difference on available-for-sa |
20.9 |
10.2 |
10.6 |
13.1 |
2.0 |
|
Translation Adj. |
-11.3 |
-18.0 |
-17.9 |
-14.1 |
-12.5 |
|
Treas. Stock |
-52.6 |
-60.1 |
-29.6 |
-26.2 |
-24.7 |
|
Total Equity |
1,208.7 |
1,396.0 |
1,498.3 |
1,415.3 |
1,456.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,530.0 |
1,811.9 |
1,944.7 |
1,866.5 |
1,831.2 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
62.0 |
62.0 |
66.8 |
66.8 |
66.8 |
|
Total Common Shares Outstanding |
62.0 |
62.0 |
66.8 |
66.8 |
66.8 |
|
T/S-Ordinary Shares |
6.3 |
6.3 |
1.5 |
1.5 |
1.5 |
|
Deferred Revenue - Current |
- |
- |
1.5 |
1.8 |
2.0 |
|
Full-Time Employees |
1,814 |
2,104 |
2,138 |
2,190 |
2,471 |
|
Total Number of Shareholders |
4,241 |
4,738 |
- |
- |
- |
|
Number of Common Shareholders |
- |
- |
4,614 |
- |
4,729 |
|
LT Debt, mat. within 1 yr. |
4.4 |
72.3 |
4.5 |
2.2 |
0.0 |
|
Lns Pble Maturing over a Yr within 2 Yrs |
4.4 |
4.3 |
- |
- |
- |
|
LT Debt, mat. b/w 1 & 2 yr. |
- |
- |
86.8 |
4.5 |
0.0 |
|
Lns Pble Maturg over 2 Yrs within 3 Yrs |
- |
4.4 |
- |
- |
- |
|
LT Debt, mat. b/w 2 & 3 yr. |
- |
- |
4.5 |
83.9 |
0.0 |
|
LT Debt, mat. b/w 3 & 4 yr. |
- |
- |
4.5 |
4.4 |
0.0 |
|
LT Debt, mat. b/w 4 & 5 yr. |
- |
- |
0.0 |
4.4 |
0.0 |
|
Remaining |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
8.7 |
81.0 |
100.2 |
99.4 |
0.1 |
|
CP Lease Due within 1 Yr. |
0.4 |
0.6 |
0.9 |
1.4 |
2.2 |
|
Cap Lease Maturg over a Yr within 2 Yrs |
0.3 |
0.3 |
- |
- |
- |
|
CP Lease Due within 2 Yr. |
- |
- |
0.4 |
0.7 |
1.2 |
|
Cap Lease Maturg over 2 Yr within 3 Yrs |
0.3 |
0.2 |
- |
- |
- |
|
CP Lease Due within 3 Yr. |
- |
- |
0.2 |
0.3 |
0.6 |
|
Cap Lease Maturg over 3 Yr within 4 Yrs |
0.2 |
0.2 |
- |
- |
- |
|
CP Lease Due within 4 Yr. |
- |
- |
0.1 |
0.1 |
0.2 |
|
Cap Lease Maturg over 4 Yr within 5 Yrs |
0.0 |
0.1 |
- |
- |
- |
|
CP Lease Due within 5 Yr. |
- |
- |
0.0 |
0.0 |
0.0 |
|
other |
0.0 |
- |
- |
- |
- |
|
Remainings |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
1.2 |
1.4 |
1.6 |
2.5 |
4.1 |
|
Pension Obligation |
157.0 |
176.7 |
168.0 |
146.5 |
139.9 |
|
Fair Value of Plan Assets |
131.8 |
155.4 |
145.4 |
125.4 |
113.3 |
|
Funded Status |
-25.1 |
-21.2 |
-22.6 |
-21.1 |
-26.6 |
|
Total Funded Status |
-25.1 |
-21.2 |
-22.6 |
-21.1 |
-26.6 |
|
Discount Rate |
1.20% |
2.00% |
2.00% |
2.00% |
2.00% |
|
Expected Return on Plan Assets |
1.50% |
1.50% |
1.50% |
1.50% |
2.50% |
|
Unrecognized Actuarial Gains & Losses |
21.2 |
20.3 |
22.0 |
21.2 |
27.7 |
|
Prepaid Pension Benefit |
4.7 |
6.9 |
7.4 |
7.0 |
7.3 |
|
Accrued Pension Benefit |
-8.7 |
-7.8 |
-8.0 |
-6.9 |
-6.2 |
|
Net Assets Recognized on Balance Sheet |
17.3 |
19.5 |
21.4 |
21.4 |
28.9 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JPY |
JPY |
JPY |
JPY |
JPY |
|
Exchange Rate (Period Average) |
82.970472 |
78.961215 |
85.691434 |
92.941082 |
100.484331 |
|
Auditor |
Arata Auditing Firm |
Arata Auditing Firm |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income bf. Tax |
-20.5 |
-66.6 |
-62.6 |
-91.0 |
-13.8 |
|
Depreciation |
27.1 |
36.1 |
36.0 |
31.2 |
29.1 |
|
Business structure improvement expenses |
20.5 |
- |
- |
- |
- |
|
Impairment loss(1) |
6.3 |
12.7 |
- |
- |
- |
|
Impairment Loss |
- |
- |
- |
- |
0.0 |
|
Increase (decrease) in allowance for dou |
-1.9 |
-0.1 |
-2.6 |
-4.8 |
3.1 |
|
Increase (decrease) in provision for bon |
-0.9 |
0.1 |
-0.2 |
-3.2 |
-3.5 |
|
Increase (decrease) in provision for ret |
1.9 |
-0.1 |
0.4 |
0.4 |
1.5 |
|
Reserve for directors' bonuses |
- |
- |
- |
0.0 |
-0.6 |
|
Increase (decrease) in provision for bus |
4.1 |
0.0 |
-0.3 |
-0.7 |
0.0 |
|
Int./Div. Income |
-3.0 |
-3.9 |
-2.6 |
-2.3 |
-5.2 |
|
Interest expenses |
1.2 |
3.7 |
3.4 |
3.1 |
1.1 |
|
Foreign exchange losses (gains) |
-3.0 |
3.4 |
13.3 |
5.0 |
36.8 |
|
Other Operating Cash Flow |
0.0 |
- |
- |
- |
- |
|
Business structure improvement expenses |
-20.5 |
- |
- |
- |
- |
|
Income Taxes Paid |
-1.1 |
- |
- |
- |
- |
|
Rounding adjustment Cash flow |
- |
0.0 |
- |
- |
- |
|
Income taxes (paid) refund |
- |
0.0 |
- |
- |
- |
|
Inc. (Dec.) Sale-Invest. Sec. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Loss (gain) on valuation of investment s |
9.6 |
0.0 |
0.6 |
3.3 |
11.7 |
|
Life Insurance Paid |
- |
-0.7 |
-1.2 |
-0.3 |
-0.4 |
|
Decrease (increase) in notes and account |
-14.6 |
-23.0 |
-2.8 |
135.8 |
133.1 |
|
Decrease (increase) in inventories |
28.7 |
28.3 |
42.7 |
108.5 |
-66.2 |
|
Increase (decrease) in notes and account |
0.4 |
-7.4 |
18.8 |
-29.0 |
-142.3 |
|
Increase (decrease) in accrued consumpti |
2.1 |
-0.5 |
4.2 |
-3.1 |
5.3 |
|
Other, net |
-4.2 |
8.0 |
2.8 |
-0.7 |
16.2 |
|
Interest & Dividend Received |
3.1 |
3.8 |
2.5 |
2.3 |
5.2 |
|
Interest expenses paid |
-1.5 |
-3.7 |
-3.6 |
-2.8 |
-1.1 |
|
Income tax (paid) refund |
- |
- |
3.8 |
18.0 |
-62.0 |
|
Adjustments |
- |
- |
- |
-0.1 |
- |
|
Cash from Operating Activities |
33.7 |
-10.0 |
52.6 |
169.7 |
-52.0 |
|
|
|
|
|
|
|
|
Purchase Of Short Term Investment Securi |
-35.8 |
- |
- |
- |
- |
|
Time Deposit Made |
-36.8 |
-112.1 |
-143.8 |
-18.2 |
-16.6 |
|
Time Deposit Matured |
104.7 |
149.3 |
52.7 |
39.6 |
19.3 |
|
Redemption of Marketable Sec. |
- |
- |
- |
0.0 |
3.0 |
|
Purchase of property, plant and equipmen |
-18.2 |
-9.7 |
-47.1 |
-50.9 |
-46.9 |
|
Proceeds from sales of property, plant a |
2.9 |
4.6 |
0.4 |
0.7 |
1.0 |
|
Purch.-Invest. Sec. |
- |
- |
0.0 |
-0.2 |
-1.3 |
|
Sale-Invest. Sec. |
- |
- |
0.0 |
0.8 |
0.8 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of insurance funds |
-6.6 |
-8.9 |
- |
- |
- |
|
Proceeds from maturity of insurance fund |
24.6 |
35.4 |
- |
- |
- |
|
Purch.-Other Invest. |
-1.8 |
-1.9 |
-14.7 |
-12.5 |
-9.6 |
|
Sale-Other Invest. |
0.3 |
1.9 |
19.8 |
10.7 |
23.0 |
|
Loans Collected |
- |
0.0 |
1.4 |
1.5 |
1.5 |
|
Cash from Investing Activities |
33.3 |
58.5 |
-131.4 |
-28.5 |
-25.7 |
|
|
|
|
|
|
|
|
Net increase (decrease) in short-term lo |
-5.0 |
-3.4 |
-22.9 |
-0.4 |
- |
|
ST Borrowings Issd. |
- |
- |
- |
- |
53.6 |
|
Repay.-ST Borrowings |
- |
- |
- |
- |
-19.7 |
|
LT Borrowings Issd. |
- |
- |
0.0 |
101.8 |
0.1 |
|
Repayment of long-term loans payable |
-76.6 |
-16.5 |
-2.2 |
0.0 |
-1.2 |
|
Repayment Lease Liabilities |
-0.5 |
-0.7 |
-1.5 |
-2.3 |
-2.5 |
|
Net decrease (increase) in treasury stoc |
0.0 |
-31.6 |
0.0 |
0.0 |
-10.5 |
|
Dividend Paid |
-11.2 |
-16.9 |
-15.6 |
-21.6 |
-26.8 |
|
Rounding adjustment Cash flow |
0.0 |
0.0 |
- |
- |
- |
|
Cash from Financing Activities |
-93.3 |
-69.2 |
-42.3 |
77.4 |
-7.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
11.8 |
-2.7 |
-6.8 |
-1.5 |
-16.8 |
|
Net Change in Cash |
-14.6 |
-23.4 |
-127.9 |
217.1 |
-101.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
473.2 |
520.7 |
607.7 |
343.2 |
419.0 |
|
Net Cash - Ending Balance |
458.6 |
497.3 |
479.8 |
560.3 |
317.4 |
|
Cash Interest Paid |
1.5 |
3.7 |
3.6 |
2.8 |
1.1 |
|
Cash Taxes Paid |
1.1 |
0.0 |
-3.8 |
-18.0 |
62.0 |
Financial Health
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.90 |
|
UK Pound |
1 |
Rs.102.74 |
|
Euro |
1 |
Rs.85.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.