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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
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Name : |
YAMAZEN CORPORATION |
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Registered Office : |
2-3-16 Itachibori Nishiku Osaka 550-8660 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
May 1947 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, export, wholesale of
machine tools, housing equipment |
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No. of Employees : |
2,534 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 2013 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 225% 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 |
YAMAZEN CORPORATION
REGD NAME: KK Yamazen
MAIN OFFICE: 2-3-16 Itachibori Nishiku Osaka 550-8660 JAPAN
Tel: 06-6534-3021 Fax: 06-637-2105
URL: http://www.yamazen.co.jp/
E-Mail address: info@yamazen.co.jp
Import, export, wholesale of
machine tools, housing equipment
Tokyo, Osaka, Nagoya, Hiroshima,
Fukuoka, other (Tot 55)
Yamazen Inc (USA), Yamazen Co Ltd
(Taiwan), Yamazen (Singapore) Pte Ltd,
Yamazen
(Malaysia) Sdn Bhd, Yamazen (Thailand), Yamazen Thai Engineering
Co
Ltd (Thailand), Manila, other.
(Consolidated subsidiaries)
Plustech
Inc (USA), PT Yamazen Indonesia, Yamazen Machinery & Tools India
Pte
Ltd, Yamazen (Shanghai) Trading Co Ltd, Yamazen (Shenzhen) Trading Co
Ltd,
Yamazen (Korea) Ltd, other.
(Non-consolidated subsidiaries). (Total 19 subsidiaries & 62 offices)
TOHRU
YOSHII, PRES & CEO
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY: FINANCES FAIRA/SALES Yen 370,338 M
PAYMENTS REGULAR CAPITAL Yen 7,909 M
TREND STEADY WORTH Yen
51,469 M
STARTED 1947 EMPLOYES 2,534
TRADING
HOUSE SPECIALIZING IN MACHINE TOOLS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
YEN
8,657.2 MILLION, 30 DAYS NORMAL TERMS.
|
Business |
Terms Ending |
Annual Sales* |
R.Profit* |
N.Profit* |
S.Growth |
Net Worth* |
|
Results: |
31/03/2010 |
241,410 |
955 |
438 |
(%) |
37,140 |
|
(Consolidated) |
31/03/2011 |
323,703 |
7,623 |
4,363 |
34.09 |
39,721 |
|
31/03/2012 |
372,830 |
11,155 |
4,933 |
15.18 |
43,515 |
|
|
31/03/2013 |
370,338 |
10,351 |
6,249 |
-0.67 |
51,469 |
|
|
31/03/2014 |
385,000 |
10,500 |
5,900 |
3.96 |
.. |
Unit: In Million Yen
Forecast (or estimated) figures for
31/03/2014 fiscal term
This
is a leading specialized trader of machinery & tools, particularly strong
in machine tools, founded by Takeo Yamamoto.
Also deals in housing-related equipment and materials. Emphasis placed on expansion of new business
areas of high-tech machinery & systems, such as industrial robots and OA
equipment. Fostering eco-related
products and solar power system. The
company is actively developing health equipment and other products for active
seniors. It aims at 2 million entries in
the product database it is developing.
The
sales volume for Mar/2013 fiscal term amounted to Yen 370,338 million, a 0.7%
down from Yen 372,830 million in the previous term. The recurring profit was posted at Yen 10,351
million and the net profit at Yen 6,249 million, respectively, compared with
Yen 11,155 million recurring profit and Yen 4,933 million net profit,
respectively, a year ago.
(Apr/Dec/2013
results): Sales Yen 288,652 million (up 2.6%), operating profit Yen 6,329
million (down 13.3%), recurring profit Yen 6,579 million (down 14.9%), net
profit Yen 3,632 million (down 20.9%).
(% compared with the corresponding period a year ago).
For
the current term ending Mar 2014 the recurring profit is projected at Yen 10,500
million and the net profit at Yen 5,900 million, respectively, on a 4% rise in
turnover, to Yen 385,000 million. Sales
of machine tools overseas are slowing, but domestic sales are robust, led by
automobiles. Housing construction materials are benefitting from growth of
photovoltaic power generation equipment and water-related products.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 8,657.2 million, on 30 days normal terms.
Date
Registered: May 1947
Legal
Status: Limited Company (Kabushiki Kaisha)
Authorized:
200 million shares
Issued:
93,840,310 shares
Sum:
Yen 7,909 million
Major
shareholders (%):Customers’ S/Holding Assn Osaka (9.0), Customers’ S/Holding
Assn Tokyo (6.2), DMG Mori Seiki (3.7), Employees’ Stock Investment (3.6),
Mizuho Bank (3.4), Resona Bank (3.2), Master Trust Bank of Japan T (2.7),
Customers’ S/Holding Assn Nagoya (2.5), Japan Trustee Services T (1.8),
Customers’ S/Holding Assn Hiroshima (1.4); foreign owners (11.6)
No.
of shareholders: 5,302
Listed
on the S/Exchange (s) of: Tokyo
Managements:
Tohru Yoshii, pres & CEO; Katsuhiko Shimizu, v pres; Masami Yamamoto, v
pres; Akira Nakada, v pres; Mitsuo Terasaka, mgn dir; Ryuji Kakegawa, mgn dir;
Shozo Sasai, mgn dir; Taichi Aso, dir; Hiroshi Fukuda, dir; Nobuo Sekiya, dir
Nothing
detrimental is known as to the commercial morality of executives.
Related
companies: Yamazen Create, Yamazen Logistics, Yamazen Inc (USA), Yamazen
General Service Corp, Yamazen Co Ltd (Taiwan), other
Activities:
Trading house for import, export and wholesale of machine tools, industrial
tools & equipment, MRO internet purchase, housing/construction equipment
& materials, house products, others (--100%)
(Sales
breakdown by divisions):
Domestic
Production Equipment (43%), Overseas Producer Goods (20%), Housing
Construction
Materials (14%), Household Equipment (20%), others (2%)
Overseas
Sales Ratio (20%)
Clients:
[DIY goods chains, mfrs, wholesalers] Toyo Corp, Kahma, Kohnan Shoji, Etoh
Oxygen, Nishikawa Sangyo, Toyo Corp, Tama Homes, Iwase Sangyo Co, other.
No.
of accounts: 1,000
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Daikin Ind, Cleanup Corp, OSG Corp, Corona Corp, Mori Seiki Co, Brother Ind, other.
Payment
record: Regular
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank
References:
Mizuho
Corporate Bank (Osaka)
Resona
Bank (Osaka)
Relations:
Satisfactory
(In Million Yen):
|
FINANCES: (Consolidated in million yen) |
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Terms
Ending: |
31/03/2013 |
31/03/2012 |
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INCOME STATEMENT |
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Annual Sales |
|
370,338
|
372,830
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Cost of Sales |
323,307
|
325,258
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GROSS PROFIT |
47,031 |
47,571 |
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Selling & Adm Costs |
37,274 |
37,043 |
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OPERATING PROFIT |
9,756 |
10,528 |
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Non-Operating P/L |
595 |
627 |
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RECURRING PROFIT |
10,351 |
11,155 |
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NET PROFIT |
6,249 |
4,933 |
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BALANCE SHEET |
||||
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Cash |
|
23,797 |
22,398 |
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Receivables |
85,976 |
92,861 |
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Inventory |
17,928 |
15,934 |
||
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Securities, Marketable |
7,000 |
2,000 |
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Other Current Assets |
4,316 |
4,302 |
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TOTAL CURRENT ASSETS |
139,017
|
137,495
|
||
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Property & Equipment |
10,175 |
10,334 |
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Intangibles |
1,187 |
1,286 |
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Investments, Other Fixed Assets |
9,799 |
8,445 |
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TOTAL ASSETS |
160,178
|
157,560
|
||
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Payables |
92,796 |
94,504 |
||
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Short-Term Bank Loans |
3,099 |
5,189 |
||
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|
|
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Other Current Liabs |
10,854 |
12,617 |
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TOTAL CURRENT LIABS |
106,749
|
112,310
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Debentures |
|
|
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Long-Term Bank Loans |
233 |
322 |
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Reserve for Retirement Allw |
98 |
100 |
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Other Debts |
|
1,628 |
1,312 |
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TOTAL LIABILITIES |
108,708
|
114,044
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MINORITY INTERESTS |
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Common stock |
7,909 |
7,909 |
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Additional
paid-in capital |
8,081 |
8,081 |
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Retained
earnings |
35,952 |
31,109 |
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Evaluation
p/l on investments/securities |
1,659 |
767 |
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Others |
(2,116) |
(4,335) |
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Treasury
stock, at cost |
(16) |
(16) |
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TOTAL S/HOLDERS` EQUITY |
51,469 |
43,515 |
||
|
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TOTAL EQUITIES |
160,178
|
157,560
|
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CONSOLIDATED CASH FLOWS |
||||
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Terms
ending: |
31/03/2013 |
31/03/2012 |
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Cash
Flows from Operating Activities |
|
10,027 |
5,005 |
|
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Cash
Flows from Investment Activities |
143 |
283 |
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Cash
Flows from Financing Activities |
-5,005 |
-5,355 |
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|
|
Cash,
Bank Deposits at the Term End |
|
30,775 |
24,358 |
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ANALYTICAL RATIOS Terms ending: |
31/03/2013 |
31/03/2012 |
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Net
Worth (S/Holders' Equity) |
51,469 |
43,515 |
||
|
Current
Ratio (%) |
130.23 |
122.42 |
||
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Net
Worth Ratio (%) |
32.13 |
27.62 |
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Recurring
Profit Ratio (%) |
2.80 |
2.99 |
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|
Net
Profit Ratio (%) |
1.69 |
1.32 |
||
|
Return
On Equity (%) |
12.14 |
11.34 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.