Teikoku Databank America
Product: Financial Analysis
Jade - company report for TEIKOKU TOOL CO., LTD. TEIKOKU TOOL CO., LTD.

  Teikoku Company Number:  989999956
TEIKOKU BLDG. 12-2, SHINTOMI 1-CHOME Legal Form:  KK, private
CHUO-KU SEDOL no:  n.a.
TOKYO 104-0041 ISIN no:  n.a.
  VALOR no:  n.a.
  Year of Establishment:  1937
  Year of Incorporation:  04/1956
  Phone Number:  03-3206-2585
  Type of accounts available:  Unconsolidated

Sales (2004): 3,308,351 Thousand JPY Number of employees (2004):  167
Romanized Name of the Company: TEIKOKU TURU. KK
Teikoku Industrial Classification Code(s): 35441

ACTIVITIES
 
Teikoku Industrial classification code(s):
Primary code: 35441, MACHINE TOOL MANUFACTURING EXCEPT POWDER AND METALLURGY
 
 
Sales ranking (within the primary TIC code):
National: 32 out of 1,263 companies
Prefectural: 8 out of 210 companies
 

NACE Rev. 1.1:
2874: Manufacture of fasteners, screw machine products, chain and springs

US SIC:
3493: Steel springs, except wire
3495: Wire springs

NAICS 2002:
332611: Spring (heavy Gauge) Manufacturing
332612: Spring (Light Gauge) Manufacturing

PROFILE                   
  Unc. Unc. Unc. Unc. Unc.         
03/2004 03/2003 03/2002 03/2001 03/2000         
  12 months 12 months 12 months 12 months 12 months         
  th JPY th JPY th JPY th JPY th JPY         
                    
      Sales 3,308,351 3,486,163 2,930,608 5,448,496 5,407,108         
      Pre tax income 154,852 111,724 -17,325 -141,622 20,099         
      Cash flow 22,428 12,598 -113,307 -94,984 7,955         
      Total assets 2,073,227 2,568,152 2,360,367 3,526,997 4,466,001         
      Current assets/Current liabilities 0.73 0.74 0.55 0.73 0.80         
      (Pre tax inc./Sales)*100 (%) 4.68 3.20 -0.59 -2.60 0.37         
      (Pre tax inc./ Shareh. eq.)*100 (%) 22.61 16.74 -2.88 -22.46 2.68         
      (Pre tax inc. + Interest)/(Cap. empl.)*100 (%) 19.02 13.00 -0.45 -15.20 4.65         
      ((Res. + Shareh. eq..)/Total assets)*100 (%) 33.04 25.99 25.51 17.88 16.80         
      Number of employees 100 101 101 184 192         
                    

GLOBAL FORMAT ( BALANCE SHEET )                   
  Unc. Unc. Unc. Unc. Unc.         
03/2004 03/2003 03/2002 03/2001 03/2000         
  12 months 12 months 12 months 12 months 12 months         
  th JPY th JPY th JPY th JPY th JPY         
                    
ASSETS                   
                    
                  
Current assets 889,929 1,177,043 903,749 2,000,526 2,680,528         
      Quick assets 583,557 839,312 589,035 1,514,953 1,672,470         
         Cash 240,152 473,161 213,554 468,026 566,959         
         Notes receivable - trade 11,081 3,871 16,069 173,703 209,376         
         Debtors (accounts receivable - trade) 332,324 362,280 359,412 873,224 896,135         
      Inventories 200,973 232,680 209,781 277,866 463,412         
         Merchandise & finished goods 57,044 48,186 59,919 86,631 113,247         
         Semi-finished goods 25,094 23,140 18,075 40,429 138,496         
         Raw material and supplies 118,835 161,354 131,787 150,806 211,669         
      Other current assets 105,393 105,489 106,078 212,941 553,139         
         Accounts receivable - other 80,136 81,244 91,735 190,840 531,182         
         Prepaid expenses 1,302 3,741 6,015 3,094 5,186         
         Other current assets 23,955 20,504 8,328 19,007 16,771         
      Allowance for doubtful accounts n.a. -444 -1,150 -5,240 -8,499         
Fixed assets 1,183,293 1,391,109 1,456,618 1,526,470 1,785,473         
      Tangible fixed assets 1,000,125 1,036,874 1,089,628 1,151,416 1,061,916         
         Buildings 269,166 289,928 312,493 332,464 310,542         
         Structures 11,523 12,713 12,598 14,252 10,244         
         Machinery and equipment 97,328 111,464 138,539 172,980 226,910         
         Automobiles, machine equipm. 353 457 673 1,147 2,287         
         Tools, furniture & fixtures 18,511 19,068 22,081 27,329 34,626         
         Land 603,244 603,244 603,244 603,244 477,307         
      Intangible fixed assets 3,379 2,928 3,495 4,082 3,052         
      Investments and other assets 179,789 351,300 363,487 370,966 720,499         
         Investments in securities 125,789 75,362 87,299 103,508 203,365         
         Investments(affiliated companies) n.a. 98,516 98,516 98,516 342,285         
         Long-term loans receivable 107 3,559 3,785 4,001 4,959         
         Reorganization claims n.a. 2,171 2,484 n.a. n.a.         
         Long-term prepaid expenses n.a. n.a. n.a. n.a. n.a.         
         Other investments 59,293 184,863 181,487 170,441 169,890         
         Allowance for doubtful debts -5,400 -13,171 -10,084 -5,500 n.a.         
Total assets 2,073,227 2,568,152 2,360,367 3,526,997 4,466,001         
                    
LIABILITIES                   
                    
                  
Current liabilities 1,213,093 1,592,047 1,633,317 2,756,250 3,364,461         
      Notes payable-trade 472,918 655,889 467,319 1,047,223 1,241,693         
      Creditors (accounts payable-trade) 259,625 247,671 193,381 614,885 387,519         
      Short-term loans payable 320,000 487,996 814,400 862,800 1,526,056         
      Accounts payable-other 2,971 5,791 2,903 2,887 987         
      Accrued expenses 109,015 110,161 131,726 216,876 193,565         
      Deposits money 11,539 4,434 19,524 10,259 9,327         
      Accrued income taxes 37,022 80,103 4,061 1,318 5,311         
Long-term liabilities 175,223 308,585 125,007 140,136 351,402         
      Long-term loans payable n.a. 146,672 n.a. 19,400 260,636         
      Allowance empl. retirement benefit 173,423 161,913 125,007 114,536 90,766         
      Other reserves 1,800 n.a. n.a. 6,200 n.a.         
Shareholders' equity 684,910 667,520 602,043 630,610 750,137         
      Capital stock 216,000 216,000 216,000 216,000 216,000         
      Legal reserve 174,000 174,000 174,000 174,000 172,000         
         Capital surplus 150,000 150,000 150,000 150,000 150,000         
         Legal earned surplus 24,000 24,000 24,000 24,000 22,000         
      Retained earnings 294,909 277,520 212,044 240,610 362,136         
         Voluntary earned surplus 273,371 325,765 325,351 335,910 335,120         
         Unappropriated retained earnings 21,538 -48,245 -113,307 -95,300 27,016         
         (Net income for the period) 84,540 63,997 -18,323 -103,255 3,612         
Total shareholders' equity & liab. 2,073,227 2,568,152 2,360,367 3,526,997 4,466,001         
                    
NOTES                   
                    
                  
Notes discounted n.a. 13,499 52,109 360 240,389         
Notes endorsed n.a. n.a. n.a. n.a. n.a.         
Accumulated depreciation 1,561,461 1,576,706 1,695,560 1,730 2,028,568         
Earnings per share (units) 34 25 -7 n.a. 1         
Pledged assets 599,823 608,561 617,938 n.a. n.a.         
                    
Working capital 127,590 72,545 66,350 -891,362 -527,673         
Number of employees 100 101 101 184 192         
                    

GLOBAL FORMAT ( PROFIT AND LOSS ACCOUNT )                   
  Unc. Unc. Unc. Unc. Unc.         
03/2004 03/2003 03/2002 03/2001 03/2000         
  12 months 12 months 12 months 12 months 12 months         
  th JPY th JPY th JPY th JPY th JPY         
                    
LAYOUT OF THE P/L ACCOUNT                   
                    
                  
Sales 3,308,351 3,486,163 2,930,608 5,448,496 5,407,108         
Cost of sales 2,687,752 2,798,493 2,503,002 4,850,848 4,624,103         
      Gross profit 620,599 687,670 427,606 597,647 783,005         
Selling & general expenses 545,504 561,379 477,188 777,496 816,529         
      (Total operating expenses) 3,233,256 3,359,872 2,980,190 5,628,344 5,440,632         
      Operating profit 75,094 126,290 -49,583 -179,848 -33,524         
Non-operating income 16,868 38,673 79,964 134,951 119,464         
      Interests and discount received 1,938 20,918 23,113 90,771 99,707         
      Other non-operating income 14,929 17,755 56,850 44,179 19,757         
Non-operating expense 16,545 26,005 39,171 56,661 65,840         
      Interest and dividend paid 8,726 15,164 14,018 24,492 31,078         
      Other non-operating expenses 7,819 10,840 25,152 32,168 34,761         
         Ordinary income 75,417 138,958 -8,790 -101,558 20,099         
Extraordinary profit 87,166 n.a. n.a. 158,714 n.a.         
      Profit on sales of securities 87,166 n.a. n.a. 158,714 n.a.         
Extraordinary loss 7,731 27,234 8,534 198,778 n.a.         
      Loss on disposal of fixed assets 7,731 n.a. n.a. n.a. n.a.         
      Loss on disposal of securities n.a. n.a. n.a. 11,781 n.a.         
      Other extraordinary expenses n.a. 27,234 8,534 186,996 n.a.         
         Pre tax income 154,852 111,724 -17,325 -141,622 20,099         
         Provision for income taxes 70,311 47,727 998 -38,367 16,486         
         Net income 84,540 63,997 -18,323 -103,255 3,612         
Unappropriated income (begin.of term) 12,598 -112,243 -94,984 7,955 19,079         
Reversal of voluntary reserves n.a. n.a. n.a. n.a. 4,324         
Interim dividends paid 75,600 n.a. n.a. n.a. n.a.         
Rev. of voluntary reserves (end-term) 889 81,003 n.a. 316 1,838         
Voluntary reserves n.a. n.a. n.a. n.a. 2,000         
Dividends n.a. 20,160 n.a. n.a. 18,900         
Directors' bonus n.a. n.a. n.a. n.a. n.a.         
      Retained earnings carried forward 22,428 12,598 -113,307 -94,984 7,955         
                    
NOTES                   
                    
                  
Sales of merchandises & products 3,308,351 3,486,163 2,930,608 5,448,496 5,407,108         
Inventory at beginning of period n.a. n.a. n.a. 113,247 104,236         
Cost for the period 2,687,752 2,798,493 2,503,002 4,932,447 4,642,274         
Inventory at end of period n.a. n.a. n.a. -194,846 -122,408         
                    
Cash flow 22,428 12,598 -113,307 -94,984 7,955         
Added value 154,851 111,724 -17,325 -141,622 20,098         
Declared income 129,572 142,942 n.a. n.a. n.a.         
                    

DETAILED FORMAT ( BALANCE SHEET )                   
  Unc. Unc. Unc. Unc. Unc.         
03/2004 03/2003 03/2002 03/2001 03/2000         
  12 months 12 months 12 months 12 months 12 months         
  th JPY th JPY th JPY th JPY th JPY         
                    
ASSETS                   
                    
                  
                    
Total Assets 2,073,227 2,568,152 2,360,367 3,526,997 4,466,001         
      Current Assets 889,929 1,177,043 903,749 2,000,526 2,680,528         
         Liquid Assets 583,557 839,312 589,035 1,514,953 1,672,470         
            Cash and deposits 240,152 473,161 213,554 468,026 566,959         
            Notes receivable-trade 11,081 3,871 16,069 173,703 209,376