Koito Manufacturing Co., Ltd.: Company Profile and SWOT Analysis by ICDResearch

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									Koito Manufacturing Co., Ltd.

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Koito Manufacturing Co., Ltd.                                              Financial Snapshot

                                                                           Operating Performance
Fast Facts
                                      4-8-3 Takanawa, Minato-Ku, 108-      The company reported revenue of US$4,884.17
Headquarters Address
                                      8711,Japan                           million during the fiscal year 2011 (2011). The
                                                                           company's revenue grew at a CAGR of 6.19% during
Telephone                             + 81 3 34437111
                                                                           2007–2011, with an annual growth of 5.03% over
                                                                           2010. In 2011, the company recorded an operating
Fax                                   + 81 3 34471520                      margin of 4.88%, as against 4.50% in 2010.

Website                               www.koito.co.jp
                                                                           Revenue and Margins
Ticker Symbol, Stock Exchange         7276, The Tokyo Stock Exchange

Number of Employees                   15,295

Fiscal Year End                       March

Revenue (in US$ million)              4,884.17

Revenue (in JPY million)              428,977.00




SWOT Analysis                                                              Return on Equity

Strengths                             Weaknesses                           The company recorded a return on equity (ROE) of
                                                                           6.83% for 2011, as compared to its peers, Lumax
                                      Weak Performance of Aircraft Seats   Industries Limited (Ticker: 517206), Stanley Electric
Focus on Research and Development
                                      Division                             Co., Ltd. (Ticker: 6923) and Showa Aircraft Industry
                                                                           Co., Ltd. (Ticker: 7404), which recorded ROEs of
Strong ALA Products Line                                                   11.63%, 8.51% and 0.98% respectively. The
                                                                           company reported an operating margin of 4.88% in
Strong Liquidity Position                                                  2011.

Wide International Presence                                                Return on Equity

Opportunities                         Threats
Expansion of Manufacturing
                                      Challenging Economic Conditions
Capabilities
Positive Outlook for Global Airline
                                      Stringent Regulations
Industry




                                                                           Liquidity Position

                                                                           The company reported a current ratio of 1.47 in 2011,
                                                                           as compared to its peers, Lumax Industries Limited,
                                                                           Stanley Electric Co., Ltd. and Showa Aircraft Industry
                                                                           Co., Ltd., which recorded current ratios of 0.90, 2.54
                                                                           and 1.13 respectively. As of March 2011, the
                                                                           company recorded cash and short-term investments
                                                                           of worth US$645.36 million, against US$32.52 million
                                                                           current debt. The company reported a debt to equity
                                                                           ratio of 0.18 in 2011 as compared to its peers, Lumax
                                                                           Industries Limited, Stanley Electric Co., Ltd. and
                                                                           Showa Aircraft Industry Co., Ltd., which recorded debt
                                                                           to equity ratios of 0.66, 0.08 and 0.75 respectively.




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Koito Manufacturing Co., Ltd. - SWOT Profile                                                                       Page 1
Koito Manufacturing Co., Ltd.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Operational Efficiency ......................................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency ..........................................................................................................................................................16
      2.3.3       Capital Expenditure ..........................................................................................................................................17
      2.3.4       Valuation ..........................................................................................................................................................18
      2.3.5       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.6       Liquidity .............................................................................
								
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