ARRK CORPORATION FINANCIAL FACTBOOK

Transcription

1 ARRK CORPORATION FINANCIAL FACTBOOK Fiscal Year Ended March 31, 29 Corporation Information Name: Arrk Corporation Contact to: General Headquarters 8/F, Osaka Securities Exchange Bldgs., , Kitahama, Chuo-Ku, Osaka, Foundation: September 1, 1989 Capital: JPY3,755,5, Business: Comprehensive Product Development Service for New Products Fiscal Year End: March 31 No. of Subsidiaries: 124 No. of Equity-method Affiliates:23 CONTENTS 1 Main Subsidiaries 2 Analysis of Operation Ⅰ 3 Analysis of Operation Ⅱ 4 Analysis of Financial Positions 5 Segment Information 6 Consolidated Statement of Cash Flows / Per share data

2 Main Subsidiaries Corporation Name Listed on Address Capital Yasuda Seisakusho Co., Ltd. - Shinagawa-ku, Tokyo JPY 237 million SOL-PLUS Co., Ltd. - Hinode-machi, Nishitama-gun, Tokyo JPY 295 million Showa Mold & Engineering Co., Ltd. - Amagasaki-shi, Hyogo JPY 96 million Tokushima Showa Mold & Engineering Co., Ltd. - Ishii-cho, Myozai-gun, Tokushima JPY 48 million Egawa Seiko Co., Ltd. - Hashima-shi, Gifu JPY 1 million Gifu Die & Mold Engineering Co., Ltd - Gifu-shi, Gifu JPY 4 million Kata Systems Company - Mizuho-shi, Gifu JPY 2 million Japan Tecseed Co., Ltd. JASDAQ Naka-ku, Nagoya-shi JPY 715 million Sekisui Machinery Co., Ltd. Osaka 2nd Hirakata-shi, Osaka JPY 1,613 million Tacmic SP Co., Ltd - Sagamihara-shi, Kanagawa JPY 49 million Satosen Co., Ltd. - Nishinari-ku, Osaka-shi JPY 25 million Nanbu Plastics Co., Ltd. JASDAQ Yoshida-cho, Haibara-gun, Shizuoka JPY 1,8 million Clover Electronics Co., Ltd. - Eniwa-shi, Hokkaido JPY 42 million Standard Corporation - Shimosuwa-machi, Suwa-gun, Nagano JPY 2 million Toho System Co., Ltd. - Moriguchi-shi, Osaka JPY 2 million Arrk Okayama Co., Ltd. - Maniwa-shi, Okayama JPY 4 million Alpha Holdings INC. JASDAQ Shibuya-ku Tokyo JPY 5 million Sagamihara-Buhin Co., Ltd - Sagamihara-shi, Kanagawa JPY 2 million 3D AUTO PROTECH Co.,Ltd. - Hidaka-shi,Saitama JPY 5 million Main Business Production and Sales of Tooling Staffing Service of Engineer Production and Sales of Prototype Service of Metal Plating / Production and Sales of PCB Production and Sales of Tooling and Self-Produced Electric Device Production and Sales of PCB Designing / Production / Pressing of Tooling / Jig Design / Production and Sales of PCB / Development of Industrial Software Production and Sales of Molding Production and Sales of CAD/CAM system Production and Sales of Molding Production and Sales of Prototype/Dispatch of 3D CAD Arrk Product Development Group USA, Inc - California, USA USD 13,5 thousand Production and Sales of Prototype ARRK Canada. Inc - Ontario, Canada CND 9,415 thousand Production and Sales of Tooling (old name:aar-kel Enterprises Inc.) Arrk Product Development Group Limited - Gloucester, UK GBP 126,339 thousand Production and Sales of Prototype NPL Technologies Limited - Nuneaton, UK GBP 144 thousand Production and Sales of Tooling ARRK R&D Group (old name:pcl Group GmbH) - Munich, Germany EURO 96 thousand Arrk Netherlands B.V - Almelo, Netherlands EURO 22 thousand Production and Sales of Tooling Product Development Services for Automotive and Aerospace Industry Arrk Corporation(Thailand) Limited - Pathumthani, Thailand THB 1,945,24 thousand Production and Sales of Prototype Plakor., Ltd. - Hwasung, Korea KRW 52,9 million Ecoplastic Corp. KOSDAQ Gyeongju, Korea KRW 9,5 million Showpla Hong Kong Ltd. - Hong Kong, China HKD 385, thousand Production of Plastic Injection Molding / Sales of Tooling Avaplas Limited SGX Singapore, Singapore SGD 2,78 thousand Other Subsidiaries: 94, Equity-Method Affiliates: 23 1

3 Analysis of Operation Ⅰ (Unit: ) Fiscal Year 23/3 24/3 25/3 Sales 54,835 81,66 16, , ,54 383, ,422 By Product Type Designing / Engineering 5,98 7,823 9,826 22,448 29,36 31,531 28,35 Ratio 1.8% 9.6% 6.1% 8.5% 9.2% 8.2% 9.4% Prototyping 14,25 15,619 17,761 18,562 18,292 21,78 17,625 Ratio 25.6% 19.1% 11.1% 7.% 5.7% 5.5% 5.9% Tooling / Molding 34,399 48,2 115, ,58 229, , ,891 Ratio 62.7% 58.8% 71.9% 74.2% 72.1% 73.% 72.9% Others 52 1,214 17,524 27,339 41,149 51,37 34,87 Ratio.9% 12.5% 1.9% 1.3% 13.% 13.3% 11.7% By Application Consumer Products 21,858 34,831 71,52 119, , ,997 96,828 Ratio 39.9% 42.7% 44.5% 45.2% 44.5% 38.6% 32.6% Industrial Products 4,97 7,31 1,592 18,13 18,447 2,865 24,16 Ratio 7.5% 8.9% 6.6% 6.8% 5.8% 5.4% 8.1% Precision Products 2,86 2,11 3,567 2,278 7,294 5,728 2,991 Ratio 3.8% 2.6% 2.2%.9% 2.3% 1.5% 1.% Transportation-related Products 23,2 33,176 6,38 14, ,36 181,64 148,426 Ratio 42.% 4.6% 37.4% 39.6% 4.2% 47.4% 49.9% Medical Products ,766 4,527 5,114 5,72 4,61 Ratio 1.7% 1.2% 3.% 1.7% 1.6% 1.5% 1.6% Household Products ,272 8,36 8,963 8,565 8,593 Ratio 1.% 1.% 4.5% 3.1% 2.8% 2.2% 2.9% Others 2,316 2,59 2,973 7,17 8,954 12,824 11,954 Ratio 4.1% 3.% 1.8% 2.7% 2.8% 3.3% 4.% Operating Income 4,599 7,78 11,448 18,35 11,149 6,792 4,387 Ordinary Income 4,367 6,835 1,65 17,548 1,12 2,613 1,33 Net Income 2,6 2,884 3,268 5,395 11,698 26,73 17,51 Subsidiaries Domestic North America Europe Asia Sales / Ordinary Income / Net Income Sales / 4, 32, Sales Ordinary Income Net Income Income / 2, 1, Sales by Product type 4, 3, Designing/Engineering Prototyping Tooling/Molding Others Sales by Application 4, 3, Consumer Products Industrial Products Precision Products Transportation-related Products Medical Products Household Products Others 24, 16, -1, 2, 2, 8, -2, 1, 1, -3, 2

4 Analysis of Operation Ⅱ (Unit: ) Fiscal Year 23/3 24/3 25/3 Sales 54,835 81,66 16, , ,54 383, ,422 Cost of Goods Sold 41,662 62, ,52 214, ,753 33, ,61 Ratio of Cost of Goods Sold * 76.% 76.5% 79.7% 81.% 84.1% 86.1% 85.4% Gross Profit 13,172 19,185 32,68 5,275 5,75 53,95 43,36 SG&A 8,573 11,477 21,231 31,97 39,61 46,33 38,973 Ratio of SG&A * 15.6% 14.1% 13.2% 12.1% 12.4% 12.1% 13.1% Operating Income 4,599 7,78 11,448 18,35 11,149 6,792 4,387 Ratio of Operating Income * 8.4% 9.4% 7.1% 6.9% 3.5% 1.8% 1.5% Other Gain ,291 2,963 4,5 3,717 3,331 Other Loss 65 1,369 2,9 3,719 5,52 7,896 9,22 Ordinary Income 4,367 6,835 1,65 17,548 1,12 2,613 1,33 Ratio of Ordinary Income * 8.% 8.4% 6.6% 6.6% 3.2%.7%.4% Extraordinary Gain ,399 1,565 5,942 Extraordinary Loss 485 1,29 1,52 2,214 15,229 27,236 18,824 Income Before IncomeTaxes * 4,165 6,13 9,533 15,933 3,728 23,58 14,185 Net Income 2,6 2,884 3,268 5,395 11,698 26,73 17,51 Ratio of Net Income * 3.7% 3.5% 2.% 2.% 3.7% 6.8% 5.7% Notes: Ratio of Cost of Goods Sold = Cost of Goods Sold / Sales x 1 Ratio of SG&A = SG&A / Sales x 1 Ratio of Operating Income = Operating Income / Sales x 1 Ratio of Ordinary Income = Ordinary Income / Sales x 1 Ratio of Net Income = Net Income / Sales x 1 Sales 4, Sales Ratio of COGS 9% SG&A 5, SG&A Ratio of SG&A 25% Operating Income 25, Operating Income Ratio of Operation Income 15% 3, 8% 4, 2% 2, 12% 2, 7% 3, 2, 15% 1% 15, 1, 9% 6% 1, 6% 1, 5% 5, 3% 5% % % Ordinary Income 25, Ordinary Income Ratio of Ordinary Income 1% Net Income 6, Net Income Ratio of Net Income 4% 2, 8% 2% 15, 6% -6, % 1, 4% -12, -2% 5, -5, 2% % -2% -18, -24, -3, -4% -6% -8% 3

5 Analysis of Financial Positions (Unit: ) Fiscal Year 23/3 24/3 25/3 Total Assets 75,254 14, , , ,523 34,426 21,613 Current Assets 38,534 72,562 99, , , ,227 14,51 Non-current Assets 36,72 68,27 114,61 147, , ,198 97,112 Liabilities 46,414 91, , , , ,64 167,418 Current Liabilities 23,48 51,876 83, , ,654 18, ,34 Non-current Liabilities 23,366 39,858 56,4 65,373 77,69 73,851 48,383 Interest-bearing Liabilities (Approx) 29,26 58,151 81,965 17, , ,1 17,768 Net Assets 24,971 43,35 57,61 83, ,79 85,786 34,195 Return on Equity 9.2% 8.4% 6.5% 7.6% 14.8% 41.9% 51.6% Return on Assets 6.7% 6.3% 6.% 6.8% 3.%.7%.5% Debt Equity Ratio Capital Ratio 33.2% 3.7% 26.9% 27.9% 2.6% 14.5% 8.3% Interest Coverage Ratio Current Ratio 167.2% 139.9% 119.% 119.6% 19.6% 98.6% 87.8% Fixed Ratio 147.1% 157.6% 198.9% 176.4% 153.5% 189.1% 284.% Turnover of Total Assets Inventory Turnover Notes: Return on Equity(ROE)=Net Income/Average Net Assets 1 Return on Asset(ROA)=Ordinary Income/Average Total Assets 1 Debt Equity(D/E Ratio)=Interest-bearing Liabilities (approx)/net Assets Interest Coverage Ratio=Cash Flows from Operating Activities/Interest Paid Current Ratio=Total Current Assets/Total Current Liabilities 1 Turnover of Total Assets=Total sales/average Total Assets Capital Ratio=Net Assets/Total Assets 1 Fixed Ratio=Fixed Asset/Net Assets 1 Inventory Turnover=Sales/Average Inventory Net Assets 14, Net Assets Return on Equity 8% Total Assets 4, Total Assets Return on Assets 8% Interest-bearing Liabilities 15, Interest-bearing Liabilities (Approx) Debt Equity Ratio time , 1, 8, 6, 4, 2, % -8% -16% -24% -32% -4% 3, 2, 1, 6% 4% 2% 125, 1, 75, 5, 25, % %. Interest Coverage Ratio time 8 Current Assets 2, Current Assets Current Ratio 25% Non-current Assets 2, Non-current Assets Fixed Ratio 3% 6 16, 2% 16, 24% 4 12, 8, 15% 1% 12, 8, 18% 12% 2 4, 5% 4, 6% % % 4

6 Segment Information (Unit: ) Fiscal Year 23/3 24/3 25/3 Sales 54,835 81,66 16, , ,54 383, ,422 Domestic 4,5 64,21 1, , ,7 153,857 18,968 Ratio 73.% 78.6% 62.5% 53.3% 48.6% 4.1% 36.6% Non-Domestic 14,784 17,449 6,25 123, ,84 229, ,452 Ratio 27.% 21.4% 37.5% 46.7% 51.4% 59.9% 63.4% North America 3,855 4,468 9,285 19,658 22,758 29,238 15,61 Ratio 7.% 5.5% 5.8% 7.4% 7.1% 7.6% 5.2% Europe 2,986 3,334 6,246 22,154 35,394 39,772 38,63 Ratio 5.4% 4.1% 3.9% 8.4% 11.1% 1.4% 13.% Asia 7,943 9,647 44,674 81,843 15,65 16, ,212 Ratio 14.6% 11.8% 27.8% 3.9% 33.2% 41.9% 45.1% Operating Income 4,599 7,78 11,448 18,35 11,149 6,792 4,387 Domestic 4,232 6,848 8,647 14,421 1,44 5,39 2,659 *Ratio 92.1% 88.8% 71.3% 76.3% 89.3% 7.8% 6.6% Non-Domestic ,479 4,478 1,252 2,194 2,66 *Ratio 7.9% 11.2% 28.7% 23.7% 1.7% 29.2% 47.1% North America , *Ratio 1.9% -.4% 1.7%.4% 2.1% 14.7% 1.1% Europe , *Ratio 4.7%.6%.6% 3.1% 4.% 28.1% 9.% Asia ,194 3,818 1,468 3,21 2,97 *Ratio 1.7% 12.2% 26.4% 2.2% 12.6% 42.7% 66.3% Elimination Total Assets 75,254 14, , , ,523 34,426 21,613 Domestic 67, ,89 168, ,64 215, , ,415 *Ratio 78.2% 76.3% 67.4% 55.% 5.3% 51.5% 75.6% Non-Domestic 18,776 37,888 81,738 16, ,483 23, ,694 *Ratio 21.8% 23.7% 32.6% 45.% 49.7% 48.5% 55.4% North America 2,35 7,312 8,62 29,34 29,963 21,284 5,73 *Ratio 2.7% 4.6% 3.4% 8.1% 7.% 5.1% 2.8% Europe 3,622 4,298 12,164 34,5 43,269 41,34 34,688 *Ratio 4.2% 2.7% 4.9% 9.5% 1.1% 9.8% 17.2% Asia 12,84 26,278 6,954 97,429 14,25 14,896 71,33 *Ratio 14.9% 16.4% 24.3% 27.4% 32.6% 33.6% 35.4% Elimination 1,687 18,947 36,474 57,439 64,637 78,934 62,497 Notes : Each region above include the following countries; North America: USA, Mexico, Canada Asia: Thailand, Korea, Malaysia, Taiwan, Australia, China, Singapore, Indonesia, Vietnam, Philippines Europe: UK, France, Hungary, Germany, Rumania, Italy, the Netherlands Elimination on Operating Income above includes expenses which are hard to allocate to each region (e.g. expenses incurred at the General Headquarter Office, Osaka) and more. Elimination on Total Assets includes assets which are hard to allocate to each region. * Ratio - Excluded "Elimination" Sales by Segment 8% Domestic North America Europe Asia Operating Income by Segment 1% Domestic North America Europe Asia Total Assets by Segment 8% Domestic North America Europe Asia 8% 6% 6% 6% 4% 4% 2% 4% 2% % 2% -2% % -4% % 5

7 Consolidated Statements of Cash Flows (Unit: ) Fiscal Year 23/3 24/3 25/3 Cash Flow from Operating Activities 2,914 4,388 9,561 19,556 15,563 17,128 6,32 Cash Flow from Investing Activities 5,552 9,746 2,178 28,145 28,248 3,136 14,933 Cash Flows from Financing Activities 9,48 2,571 7,783 18,99 2,954 6,29-1,633 Free Cash Flow 2,638 5,358 1,617 8,589 12,685 13,8 8,613 Cash and Cash Equivalent at the End of Fiscal Term 15,22 3,25 27,45 38,128 48,242 41,466 27,838 Note: Free Cash Flow=Cash flow from operating activities & Cash flows from investing activities Consolidated Cash Flow Statement 24, 16, 8, -8, -16, -24, -32, Cash Flow from Operating Activities Cash Flow from Investing Activities Free Cash Flow Cash and Cash Equivalent at the End of Fiscal Term 5, 4, 3, 2, 1, Per-share Data Fiscal Year 23/3 24/3 25/3 Capital () 8,181 16,2 21,915 3,755 3,755 3,755 3,755 Share Price at Year-end (Yen) 4,1 9,24 4,2 8,6 1, No. of Issued Shares 1,725,398 13,725,398 3,65,796 34,5,796 68,11,592 68,11,592 68,11,592 No. of Shareholders 2,58 9,816 11,587 18,2 23,377 26,257 26,95 Market Value 43,8 126, , ,836 96,98 21,52 4,495 EPS (Yen) BPS (Yen) 2, , , , , PER (x) PBR (x) Dividend Per Share (Yen) Dividend Ratio (%) 9.8% 8.8% 1.1% 9.5% 1.2% - - Notes: Share Price is the final price rated at JASDAQ at each year end. If 2-for-1 stock split was executed, it would be calculated by the price just before the execution divided by two. Market Value = Share Price (Year-ended) * Outstanding Shares EPS=Net income / Number of Issued Shares without Treasury Stock (Weighted Average) BPS=Net Assets/Number of Issued Shares without Treasury Stock (Weighted Average) PBR=Share Price (Year-ended) / Shareholders' Equity per Share PER=Stock Price (Year-ended) / EPS Dividend Ratio=Dividend per Share/Net Income per Share 1 Market Value Market Value 3, 2, 1, EPS PER PER (x) Yen time EPS (Yen) BPS PBR BPS (Yen) PBR (x) Yen time 4, 4 3, 3 2, 2 1, 1

8 ARRK CORPORATION