LEAD Co., Inc. Business Report FY ended Mar. 2015

Financial Overview

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	Rate of Change (%)	Factors
Overall
Sales	5,244	5,784	(9.3)	-
Operating income	47	(165)	-	-
Ordinary income	52	(160)	-	-
Current net income	268	(111)	-	-
Automotive Parts
Sales	4,438	4,626	(4.1)	-Sales fell due to a decrease in the number of product items the Company supplied to its customers after a model change.

Outlook for FY ending Mar. 31, 2016

(in million JPY)

	FY ending Mar. 31, 2016 (Forecast)	FY ended Mar. 31, 2015 (Actual Results)	Rate of Change (%)
Sales	5,200	5,244	(0.8)
-Automotive Parts	4,430	4,438	(0.2)
Operating income	30	47	(36.2)
Ordinary income	30	52	(42.3)
Net income	140	268	(47.8)

R&D Expenditure

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013
Overall	28	31	31
-Automotive Parts	24	4	1

Automotive Parts
-The exterior parts division is working on developing low-cost, lightweight, high-quality and innovative products by presenting its products and technologies to its customers from the initial stage of development, proposing drastic design changes, and developing new materials and production methods.

Capital Expenditure

(in million JPY)

	FY ended Mar. 31, 2015	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013
Overall	504	1,266	737
-Automotive Parts	486	1,244	724

Automotive Parts
-In the fiscal year that ended in March 2015, the Company invested to install new equipment in the production plant/warehouse building and in facilities and equipment to respond to new orders.

Planned Capital Investment

(As of Mar. 31, 2015)

Name (Location)	Type of facility	Planned investment amount (in million JPY)	From	To	Production capacity on completion
Head office plant (Saitama Pref., Japan)	Plant and storage warehouse for automotive components	600	Sep. 2014	Apr. 2015	No significant change, as investment is mainly to reduce manpower and to streamline
	Storage warehouse for dies to produce automotive components	348	Jun. 2015	Nov. 2015	No significant change, as investment is mainly to reduce manpower and to streamline
	Production equipment to manufacture automotive components	80	Apr. 2015	Mar. 2016	No significant change, as investment is mainly to reduce manpower and to streamline

Data

Business type	Mar. 2015	Mar. 2014	Mar. 2013
Automotive Parts	161	172	196
In-house Products	27	33	31
Others	2	2	2
Corporate (In common)	14	15	17
Total	204	222	246

Sales by Segment

(in million JPY)

	FY ended Mar. 31, 2015		FY ended Mar. 31, 2014		FY ended Mar. 31, 2013
	Sales	Ordinary Income	Sales	Ordinary Income	Sales	Ordinary Income
Automotive Parts	4,438	(10)	4,626	(239)	5,551	(290)
In-house Products	726	29	1,079	43	671	(108)
Leasing of rental property	-	31	-	30	-	30
Others	79	1	77	4	90	2
Total	5,244	52	5,784	(160)	6,313	(366)

Non Consolidated

Year Ended March 31	FY ended Mar. 31, 2011	FY ended Mar. 31, 2012	FY ended Mar. 31, 2013	FY ended Mar. 31, 2014	FY ended Mar. 31, 2015
Sales (Thousand yen)	9,223,394	8,284,065	6,313,252	5,784,077	5,244,791
Income from ordinary business activities (Thousand yen)	34,514	(128,588)	(366,202)	(160,500)	52,500
Net income (Thousand yen)	(187,981)	(224,820)	(111,707)	(111,800)	268,664
Equity in earnings of affiliates if equity method is applied (Thousand yen)	-	-	-	-	-
Paid-in Capital (Thousand yen)	658,240	658,240	658,240	658,240	658,240
Number of stock outstanding	13,164,800	13,164,800	13,164,800	13,164,800	13,164,800
Net assets (Thousand yen)	2,287,823	2,152,993	2,298,757	2,525,371	3,216,639
Total assets (Thousand yen)	8,495,500	8,733,692	8,991,144	9,878,309	10,487,637
Book value per share (yen)	174.11	163.85	174.95	192.21	244.83
Dividend per share	-	-	-	-	3.00
EPS (yen)	(14.31)	(17.11)	(8.50)	(8.50)	20.44
Diluted EPS	-	-	-	-	-
Net asset ratio (%)	26.9	24.7	25.6	25.6	30.7
ROE (%)	(7.9)	(10.1)	(5.0)	(4.6)	9.4
PER	-	-	-	-	8.9
Payout ratio (%)	-	-	-	-	14.7
Cash flow from operating activity (Thousand yen)	515,721	95,291	370,395	331,797	686,642
Cash flow from investment activity (Thousand yen)	(147,728)	(339,611)	(803,164)	(711,643)	(526,666)
Cash flow from financial activity (Thousand yen)	(469,720)	257,530	651,554	(227,726)	(168,712)
Balance at the term-end of cash and cash equivalents (Thousand yen)	1,996,287	2,009,497	2,228,282	1,620,709	1,611,973
Number of employees	288	275	246	222	204