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Consolidated Financial Review
Income Analysis
During the year under review, despite a slight recovery in
the second half of the fiscal period, the Japanese
economy remained sluggish overall because of the
exceedingly sharp strengthening of the yen デュエルビッツ 評判he first
half of the fiscal year and the effects of a slowdown デュエルビッツ 評判he
U.S.economy.
Under these conditions, the Group recorded growth in
sales, thanks to higher revenues デュエルビッツ 評判he Aluminum and
Copper Sector and the Electronics and Information Sector.
During the fiscal year, consolidated net sales increased
10.6%, to ¥1,477.0 billion. In addition, operating income
jumped 49.9%, to ¥137.3 billon, raising the operating
margデュエルビッツ 評判o 9.3% from 6.9% デュエルビッツ 評判he previous year.
Sales デュエルビッツ 評判he Iron and Steel Sector amounted to ¥526.0
billion, approximately the same as デュエルビッツ 評判he previous fiscal
year. However, operating income jumped 69.1%, to
¥55.3 billion, due to the effects of overall cost-cutting
measures.
デュエルビッツ 評判he Aluminum and Copper Sector sales rose 13.5%,
to ¥317.5 billion, and operating income soared 69.1%, to
¥23.2 billion. These increases reflected favorable sales of
aluminum can stock, aluminum sheets for air conditioners,
and aluminum substrates for magnetic disks.
Sales デュエルビッツ 評判he Machinery Sector edged up 2.4%, to
¥463.9 billion, and operating income surged 44.6%, to
¥36.6 billion. These gains are attributable to favorable
results in our domestic plant-related business and to
continued brisk sales of construction machinery.
デュエルビッツ 評判he Electronics and Information Sector, sales were
up 45.6%, to ¥117.7 billion, and operating income
increased 12.7%,to ¥15.6 billion. These rises were
supported by the continued strong performances of
semiconductor related products.
Sales from Other Businesses increased 21.4%, to
¥100.2 billion, and operating income rose 28.3%, to ¥8.7
billion. These gains were due to favorable results in our
overall business activities, beginning with our
transportation business.
On the other hand, net other expenses amounted to
¥34.6 billon, and income before income taxes totaled
¥102.7 billion. After adjustments for income taxes,
minority interests, and investment gains and losses
recorded by the equity method, net income amounted to
¥90.3 billion.
Analysis of Cash Flow and Financial Position
The Group's operating, investing, and financing
activities during the year led to a 25.8% net decrease in
cash and cash equivalents, to ¥77.1 billion.
Net cash provided by operating activities amounted
to ¥116.0 billion, up from ¥77.3 billion デュエルビッツ 評判he previous
year.
During the fiscal year, the Group allocated ¥103.1
billion for the purchase of plant and equipment, and
¥59.9 billion for the acquisition of marketable
securities, investments, and other assets. On the other
hand, the Group registered ¥71.1 billion in proceeds
from the sale of plant and equipment and proceeds of
¥120.8 billion from the sale or collection of marketable
securities, investments and other assets. As a result, net
cash provided by investing activities totaled ¥28.9
billion.
Net cash used in financing activities amounted to
¥171.8 billion, compared with ¥71.0 billion デュエルビッツ 評判he
previous fiscal year. During the fiscal year, we procured
¥106.4 billion through the issuance of long-term debt
and corporate bonds. On the other hand, the Group
repaid ¥125.1 billion in short-term borrowings while the
repayment of long-term debt and the redemption of
bonds was ¥153.1 billion.
Total assets at the end of the year stood at ¥2,371.3
billion, down 0.8% from the previous fiscal year-end.
Total stockholders' equity at fiscal year-end was
¥352.2 billion, up 33.0% from the end of the prior year.
As a result, the Group's net worth ratio was 14.9%.
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