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 |