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Company Name
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Topy Industries, Limited
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Headquarters:
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Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo-to, 141-8634 Japan
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Homepage:
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http://www.topy.co.jp
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Business
Segment :
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-Topy Industries, Limited is a general group engaged in metal processing, which has an integrated production organization that included the production of raw materials to final product processing.
-The automotive/industrial machinery parts division manufactures and sells steel wheels, aluminum wheels and automotive stamped products, etc.
-Topy Industries, Limited consists of three divisions: the iron and steel business division that supplies materials, the automotive/industrial machinery parts business division that processes materials; and the other business division.
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Products:
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Wheels
Steel wheels for passenger vehicles
Steel wheels for trucks and buses
Aluminum wheels for passenger vehicles
Aluminum wheels for trucks and buses
Stamped parts
Hoods
Trunks lids
Rear doors Customers:
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Customers:
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Fuji Heavy Industries (SUBARU), Mitsubishi Fuso Truck Bus, Toyota, Suzuki, UD Trucks, Nissan, Mitsubishi Motors, Daihatsu, Mazda, Isuzu, Honda, Hino, Kawasaki Heavy Industries
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Number of Employees:
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4,151 employees (As of Mar. 31, 2011)
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Shareholders :
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Listed on the first section of the Tokyo Stock Exchange, the first section of the Osaka Securities Exchange and the first section of the Nagoya Stock Exchange.
(As of Mar. 31, 2011)
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Name or Company Name
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Investment Ratio (%)
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Nippon Steel Corp.
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20.01
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Japan Trustee Services Bank Ltd. (Trust Account)
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6.60
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Meiji Yusuda Life Insurance Company
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4.04
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Mizuho Corporate Bank, Ltd.
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3.27
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Topy Fund
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2.88
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The Master Trust Bank of Japan, Ltd.
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2.85
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Resona Bank, Limited
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2.45
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Sompo Japan Insurance Inc.
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2.38
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Employees Stockholding
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2.17
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Mizuho Trust & Banking Co., Ltd.
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2.03
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Total
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48.68
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Board Member :
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Yasuo Fujii (President)
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Business Highlights :
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Financial Overview
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(in million JPY)
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FY2010
(ended
Mar. 2011)
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FY2009
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Rate of
change (%)
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Factors
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Overall
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Sales
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221,413
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196,848
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12.5
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-
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Operating income
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7,006
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355
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1,873.5
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-
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Ordinary income
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5,241
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626
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737.2
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-
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Current net income
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2,072
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(1,032)
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-
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-
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Automotive/Industrial component business
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Sales
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139,011
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106,977
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29.9
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Sales increased significantly year-on-year due to greater production volumes of suspension parts for construction equipment, over-size wheels for mining equipment, and truck wheels.
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Operating income
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7,666
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792
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867.9
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Recent Sales Activities
The Company resumed marketing activities of its new steel wheel featuring light weight and high rigidity equal to those of an aluminum wheel. A large window wheel with large perforations and an in-house designed plastic cap are combined to offer a new choice providing both stylish design and competitive cost, according to the company. Topy is proposing 15-17 inch wheels to be installed on vehicles priced around 2 million yen. (From an article in the Nikkan Jidosha Shimbun on September. 3, 2010)
Recent Developments outside Japan
China
The Company announced that it has acquired all shares in Fujian Yuan Shing Topy, Ltd. located in Fujian Province, China, turning it into its wholly owned subsidiary. The acquisition of the joint venture company will allow Topy to streamline its decision making process and reinforce its business structure. Fujian Yuan Shing Topy was established in 2003, with Topy Industries investing 34 percent of the capital. The joint venture company manufactures and supplies automotive wheels to Japanese automakers. In April 2009, Fujian Yuan Shing Topy became a subsidiary of Topy, which raised its shareholding in the company to 83.3 percent. Based on the share transfer, the Fujian facility will change its name to Fujian Topy. (From an article in the Nikkan Jidosha Shimbun on Jun. 23)
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
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R&D Expenditure
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(in million JPY)
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FY2010
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FY2009
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FY2008
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Group
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1,245
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1,288
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1,649
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Automotive& Industrial Machinery Components
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557
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747
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926
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Automotive & Industrial Machinery Components
-The Company conducted research on solutions that reduce weight, improve quality, cut costs, and reduce development lead time. It also did research and development on new products.
-The Company achieved favorable results for its mainstay products, namely automotive steel and aluminum wheels, in terms of improving the accuracy of technology to conduct analysis and evaluations, developing and mass-producing new products, cutting costs, and improving the quality of existing products.
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Affiliates
Companies :
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Manufacturing Facilities in Japan (automotive components)
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Plant
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Location
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Production items
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Toyokawa Plant
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Toyokawa City,
Aichi Pref.
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Automobile wheels, Automotive press parts
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Ayase Plant
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Ayase City,
Kanagawa Pref.
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Automobile wheels
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Subsidiaries/Affiliates
Major Subsidiaries and Affiliates
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Company
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Location
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Main business
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Voting
rights (%)
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Kyushu Wheel Kogyo, Ltd.
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Fukuoka Pref.,
Japan
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Manufacture and sales of automobile wheels
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70.0
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Topy America, Inc.
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Kentucky,
USA
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Manufacture and sales of automobile wheels, construction machinery wheels, and construction machinery components.
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100.0
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Fujian Topy Autoparts Co., Ltd.
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Fujian Province,
China
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Manufacture and sales of automobile wheels
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100.0
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Sales Data:
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Sales by Segment
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(in million JPY)
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FY2010
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FY2009
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Sales
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Operating
income
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Sales
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Operating
income
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Steel
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89,369
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2,694
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76,504
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2,336
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Automotive and Industrial Machinery Parts
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139,011
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7,666
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106,977
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927
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Other Businesses
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15,180
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793
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23,739
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894
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Total
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243,361
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11,154
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207,221
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4,159
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Adjusted amounts
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(22,147)
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(4,147)
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(10,373)
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(3,803)
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Consolidated
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221,413
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7,006
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196,848
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355
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Financial Status :
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Consolidated
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Year Ended March 31
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FY2006
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FY2007
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FY2008
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FY2009
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FY2010
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Sales (million yen)
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285,058
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296,629
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290,333
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196,848
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221,413
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Income from ordinary business activities (million yen)
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13,866
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11,784
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6,010
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626
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5,241
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Net income (million yen)
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7,826
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6,366
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2,384
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(1,032)
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2,072
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Comprehensive income (million yen)
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-
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-
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-
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-
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(340)
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Net assets (million yen)
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84,269
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83,217
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80,942
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81,884
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80,165
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Total assets (million yen)
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252,888
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231,887
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202,995
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201,138
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203,956
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Book value per share (yen)
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379.03
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371.40
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334.16
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337.53
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335.16
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EPS (yen)
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35.60
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28.90
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10.39
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(4.30)
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8.64
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Diluted EPS (yen)
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-
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-
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-
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-
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-
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Net asset ratio(%)
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33.0
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35.3
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39.6
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40.3
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39.0
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ROE(%)
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9.4
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7.7
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2.9
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(1.3)
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2.6
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PER
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13.3
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9.8
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13.9
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-
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25.2
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Cash flow from operating activity (million yen)
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13,999
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9,405
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21,547
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12,010
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6,236
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Cash flow from investment activity (million yen)
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(3,862)
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(8,447)
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(15,908)
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(7,507)
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(3,681)
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Cash flow from financial activity (million yen)
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(8,217)
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(4,266)
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(287)
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(2,236)
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(1,952)
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Balance at the term-end of cash and cash equivalents (million yen)
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15,942
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13,130
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18,293
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20,547
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18,741
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Number of employees
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4,107
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4,133
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4,125
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4,242
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4,151
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Non Consolidated
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Year Ended March 31
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FY2006
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FY2007
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FY2008
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FY2009
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FY2010
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Sales (million yen)
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185,026
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201,666
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195,883
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117,524
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149,510
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Income from ordinary business activities (million yen)
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11,619
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5,714
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3,496
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(2,104)
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3,925
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Net income (million yen)
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5,324
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3,140
|
984
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(2,288)
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2,167
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Paid-in Capital (million yen)
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18,093
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18,093
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20,983
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20,983
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20,983
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Number of stock outstanding(1000)
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220,775
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220,775
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240,775
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240,775
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240,775
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Net assets (million yen)
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66,668
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61,642
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61,927
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60,983
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60,578
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Total assets (million yen)
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185,383
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171,354
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149,656
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148,280
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158,950
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Book value per share (yen)
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302.47
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279.76
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257.71
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253.81
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255.36
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Dividend per share (yen)
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6.00
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8.00
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5.00
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2.00
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4.00
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EPS (yen)
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24.22
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14.25
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4.29
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(9.52)
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9.03
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Diluted EPS (yen)
|
-
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-
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-
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-
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-
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Net asset ratio(%)
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36.0
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36.0
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41.4
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41.1
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38.2
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ROE(%)
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8.0
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4.9
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1.6
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(3.7)
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3.6
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PER
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19.6
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19.8
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33.6
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-
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24.1
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Payout ratio(%)
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24.8
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56.1
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116.6
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-
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44.3
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Number of employees
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2,228
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2,272
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2,049
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2,038
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1,923
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Source :
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http://www.topy.co.jp
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