Chuo Malleable Iron Co., Ltd. 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 23,529 22,381 5.1 -Sales and profit increased as a result of winning new customers, developing new products, and implementing cost-reduction initiatives.
Operating income 601 295 103.7
Ordinary income 1,330 985 35.0
Current net income 1,080 673 60.5
Die-casting Business
Sales 22,646 21,617 4.8 -Sales and profit increased as a result of higher sales of small-truck parts due to greater of production outside Japan.
Operating income 1,499 1,204 24.5




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 24,000 23,529 2.0
Operating income 610 601 1.5
Ordinary income 1,350 1,330 1.5
Net income 1,060 1,080 (1.9)

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 35 34 20
-Die-casting Business 18 19 5

R&D Structure

Die-casting Business
-R&D activities are conducted by the R&D Section of the Engineering Management Department.

-Taking environmental concerns into consideration, the Company is actively working to raise the yield or ratio of recyclable materials, emphasizing the creation of market innovations based on developmental technology.

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 1,396 1,104 2,617
-Die-casting Business 1,366 1,098 2,584


Die-casting Business
-Capital investments during FY ended Mar. 2015 were focused on the following projects:

  • Maintenance and up-keep of existing facilities
  • Rationalization and renewal of production facilities

Planned Capital Investments

(As of Mar. 31, 2015)
Company/
Facility
(Location)
Equipment Planned amount of investment (in million JPY) Project period Capacity increase
From To
The Company
Nissin Plant
(Aichi, Japan)
Die-casting equipment 431 Mar.
2015
Mar.
2016
*1
Processing equipment 595 Mar.
2015
Mar.
2016
*1
The Company
Kumamoto Plant
(Kumamoto, Japan)
Processing equipment 651 Mar.
2015
Mar.
2016
*1
Toki Malleable Iron Co., Ltd.
(Gifu, Japan)
Die-casting equipment 291 Apr.
2015
Mar.
2016
*1
Suzhou Chuo Malleable Iron Co., Ltd.
(Suzhou, China)
Die-casting equipment 541 Jan.
2015
Dec.
2015
*1

*1: The project is to renew facilities, so the production capacity will remain unchanged.

Data

Segment Mar. 2015 Mar. 2014 Mar. 2013
Die-casting Business 674 674 691
Metal Furniture Business 20 19 18
In common 61 59 52
Total 755 752 761

Sales by Segment

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Sales Operating
income
Sales Operating
income
Sales Operating
income
Die-casting Business 22,646 1,499 21,617 1,204 20,807 1,526
Metal Furniture Business 882 (2) 763 4 644 14
Adjusted amount - (896) - (912) - (934)
Total 23,529 601 22,381 295 21,452 606

Consolidated

  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) 19,421,078 20,896,414 21,452,198 22,381,349 23,529,079
Income from ordinary business activities (thousand yen) 910,468 918,454 1,046,189 985,151 1,330,303
Net income (thousand yen) 737,104 986,782 683,706 673,598 1,080,934
Comprehensive income (thousand yen) 524,910 1,041,769 1,329,490 1,874,403 2,183,422
Net assets (thousand yen) 11,595,281 12,448,372 13,658,373 15,597,752 17,902,914
Total assets (thousand yen) 17,068,096 20,370,874 21,503,150 23,469,695 26,535,199
Book value per share (yen) 760.87 827.94 909.31 1,041.36 1,197.48
EPS (yen) 49.14 67.36 46.99 46.29 74.29
Diluted EPS (yen) - - - - -
Net asset ratio (%) 65.5 59.1 61.5 64.5 65.6
ROE (%) 6.65 8.49 5.40 4.74 6.63
PER 7.22 5.41 7.21 7.23 5.76
Cash flow from operating activity (thousand yen) 2,091,798 1,409,191 2,212,715 1,118,162 2,055,695
Cash flow from investment activity (thousand yen) (773,730) (1,427,179) (2,285,798) (1,249,040) (1,072,993)
Cash flow from financial activity (thousand yen) (844,469) 1,718,610 (352,190) (335,330) (556,875)
Balance at the term-end of cash and cash equivalents (thousand yen) 1,259,502 2,952,029 2,629,154 2,267,655 2,709,036
Number of employees 836 861 761 752 755

 

Non Consolidated

  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) 18,087,464 19,407,423 20,177,385 20,458,083 21,246,247
Income from ordinary business activities (thousand yen) 519,698 484,743 756,284 724,192 729,179
Net income (thousand yen) 418,559 621,408 483,098 491,234 584,986
Paid-in Capital (thousand yen) 1,036,000 1,036,000 1,036,000 1,036,000 1,036,000
Number of stock outstanding (thousand) 15,400 15,400 15,400 15,400 15,400
Net assets (thousand yen) 9,899,039 10,407,615 10,901,548 11,358,662 12,373,420
Total assets (thousand yen) 14,810,433 17,927,410 18,186,441 18,587,172 20,086,926
Book value per share (yen) 672.95 715.33 749.29 780.71 850.47
Dividend per share (yen) 8.00 8.00 8.00 9.00 9.00
EPS (yen) 27.90 42.42 33.20 33.76 40.20
Diluted EPS (yen) - - - - -
Net asset ratio (%) 66.8 58.0 59.9 61.1 61.5
ROE (%) 4.24 6.12 4.53 4.41 4.92
PER 12.72 8.60 10.20 9.92 10.64
Payout ratio (%) 28.66 18.85 24.09 26.65 22.38
Number of employees 477 484 406 413 409