Financial Highlights
Business Trend
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Sales |
772,036 |
647,593 |
587,572 |
710,431 |
733,192 |
| Operating income |
69,343 |
22,106 |
11,305 |
43,524 |
44,417 |
| (%) |
9.0% |
3.4% |
1.9% |
6.1% |
6.1% |
| Ordinary income |
64,854 |
16,964 |
7,598 |
38,572 |
42,004 |
| (%) |
8.4% |
2.6% |
1.3% |
5.4% |
5.7% |
| Net income before income taxes and minority interests |
63,613 |
10,330 |
6,335 |
38,239 |
41,259 |
| (%) |
8.2% |
1.6% |
1.1% |
5.4% |
5.6% |
| Net income |
42,613 |
4,561 |
4,765 |
26,110 |
28,514 |
| (%) |
5.5% |
0.7% |
0.8% |
3.7% |
3.9% |
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Total Assets, Shareholders' Equity, Interest-Bearing Debts
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Total assets |
828,580 |
744,229 |
789,624 |
788,626 |
845,073 |
| Shareholders' equity |
267,914 |
233,395 |
247,941 |
257,012 |
280,312 |
| (%) |
32.3% |
31.4% |
31.4% |
32.6% |
33.2% |
| Interest-bearing debts |
264,413 |
323,165 |
304,937 |
274,585 |
296,750 |
| Net D/E ratio (times) |
0.56 |
0.85 |
0.73 |
0.60 |
0.58 |
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Cash Flows
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Cash flows from operating activities |
69,236 |
11,785 |
51,108 |
64,973 |
57,158 |
| Cash flows from investing activities |
(23,187) |
(46,422) |
(29,355) |
(33,348) |
(56,090) |
| Cash flows from financing activities |
(5,923) |
50,529 |
(24,956) |
(32,966) |
14,637 |
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Breakdown by Business Segment
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Sales |
772,036 |
647,593 |
587,572 |
710,431 |
733,192 |
| Industrial machinery business |
307,242 |
267,021 |
201,962 |
259,095 |
255,835 |
| Industiral machinery bearings |
239,056 |
209,530 |
166,873 |
199,898 |
210,832 |
| Precision machinery and parts |
68,186 |
57,491 |
35,089 |
59,197 |
45,002 |
| Automotive business |
435,705 |
352,453 |
366,463 |
424,157 |
444,585 |
| Automotive bearings |
232,075 |
189,998 |
191,385 |
216,724 |
220,907 |
| Automotive components |
203,630 |
162,455 |
175,078 |
207,433 |
223,678 |
| Others |
56,227 |
50,687 |
34,898 |
53,108 |
61,028 |
| Eliminations |
(27,140) |
(22,568) |
(15,753) |
(25,930) |
(28,256) |
| Operating income |
69,343 |
22,106 |
11,305 |
43,524 |
44,417 |
| Industiral machinery business |
42,109 |
19,993 |
(1,661) |
20,379 |
25,689 |
| Automotive business |
30,660 |
6,812 |
18,281 |
26,898 |
22,637 |
| Others |
2,839 |
832 |
(171) |
3,500 |
3,258 |
| Eliminations/Corporate |
(6,266) |
(5,531) |
(5,144) |
(7,254) |
(7,168) |
| Operating income margin (%) |
9.0% |
3.4% |
1.9% |
6.1% |
6.1% |
| Industrial machinery business |
13.7% |
7.5% |
-0.8% |
7.9% |
10.0% |
| Automotive business |
7.0% |
1.9% |
5.0% |
6.3% |
5.1% |
| Others |
5.1% |
1.6% |
-0.5% |
6.6% |
5.3% |
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Breakdown by Region
Geographical Segment Data
(¥ Millions)
| Breakdown by Geographical Region |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Sales |
772,036 |
647,593 |
587,572 |
710,431 |
733,192 |
| Japan |
558,004 |
479,408 |
429,233 |
532,340 |
538,393 |
| The Americas |
106,004 |
78,229 |
69,355 |
84,715 |
86,056 |
| Europe |
139,956 |
114,640 |
100,629 |
105,111 |
109,221 |
| Asia |
117,994 |
108,471 |
106,121 |
140,816 |
162,245 |
| Eliminations |
(149,923) |
(133,155) |
(117,767) |
(152,552) |
(162,723) |
| Operating income |
69,343 |
22,106 |
11,305 |
43,524 |
44,417 |
| Japan |
46,833 |
6,550 |
3,958 |
32,387 |
33,626 |
| The Americas |
4,867 |
926 |
2,223 |
4,076 |
4,134 |
| Europe |
10,141 |
9,433 |
3,205 |
4,774 |
3,904 |
| Asia |
13,189 |
9,568 |
7,572 |
11,098 |
10,516 |
| Eliminations / Corporate |
(5,688) |
(4,371) |
(5,653) |
(8,812) |
(7,764) |
| Operating income margin (%) |
9.0% |
3.4% |
1.9% |
6.1% |
6.1% |
| Japan |
8.4% |
1.4% |
0.9% |
6.1% |
6.2% |
| The Americas |
4.6% |
1.2% |
3.2% |
4.8% |
4.8% |
| Europe |
7.2% |
8.2% |
3.2% |
4.5% |
3.6% |
| Asia |
11.2% |
8.8% |
7.1% |
7.9% |
6.5% |
Sales by Customer Location
(¥ Millions)
| Sales by Customer Location |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Japan |
388,929 |
323,377 |
289,541 |
354,543 |
363,754 |
| The Americas |
107,321 |
78,754 |
70,609 |
85,466 |
86,267 |
| Europe |
133,853 |
111,866 |
98,504 |
102,176 |
107,958 |
| Asia |
141,933 |
133,596 |
128,918 |
168,246 |
175,213 |
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Capital Expenditures / Depreciation (Excluding intangible assets)
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Capital expenditures |
51,971 |
41,915 |
19,830 |
38,748 |
50,269 |
| Depreciation (Excluding intangible assets) |
37,443 |
38,452 |
35,628 |
33,142 |
34,035 |
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R&D Expenses
(¥ Millions)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| R&D Expenses |
10,240 |
10,691 |
8,794 |
10,515 |
10,373 |
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ROE, ROA, Inventory Turnover
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| ROE |
16.1% |
1.8% |
2.0% |
10.3% |
10.6% |
| ROA |
5.2% |
0.6% |
0.6% |
3.3% |
3.5% |
| Inventory turnover (times) |
7.5 |
6.2 |
5.5 |
6.5 |
6.5 |
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Dividends per share (Full year)
(¥)
| |
FY2007 |
FY2008 |
FY2009 |
FY2010 |
FY2011 |
| Dividends per share (Full year) |
19.0 |
14.0 |
8.0 |
11.0 |
12.0 |
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