| Company Name |
Murakami Corporation |
| Year Established |
|
| Chief Officer |
Taro Murakami (President)
|
| Address |
12-25 Miyamoto-cho, Suruga-ku, Shizuoka City, Shizuoka Pref., 422-8065 Japan
|
| URL |
|
| Phone |
+81-54-286-2161 +81-54-286-2161
|
|
FAX
|
|
Number of
Employees |
2,488 employees (as of Mar. 31, 2009)
|
| Sales |
55,047m JPY(FY ended Mar. 31, 2009)
|
|
Location in
Thailand
|
MURAKAMI MANUFACTURING (THAILAND) CO., LTD.
Address :Rojana Industrial Park 1 Moo.5 Utai Uthai Phra Nakhon Sri Ayutthaya 13210
Telephone :035227202-7
Fax :035227208
E-mail :This email address is being protected from spambots. You need JavaScript enabled to view it.
Website :www.murakami-kaimeido.co.jp
|
|
Shareholders
(As of Mar. 31,
2009)
|
Listed on the second section of the Tokyo Stock Exchange
| Name or Company Name |
Investment Ratio(%)
|
|
Eiji Murakami
|
15.17
|
|
Asahi Glass Co., Ltd.
|
9.45
|
|
Houeisha
|
7.86
|
|
BBH for Fidelity Low-price Stock Fund
|
6.10
|
|
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
|
4.94
|
|
Employees Holding
|
4.79
|
|
Shizuoka Bank, Ltd.
|
4.74
|
|
Japan Trustee Services Bank, Ltd.
(Chuo Mitsui Asset Trust and Banking Company, Limited's retrust portion, CMTB Equity Investment Co., Ltd., trust account)
|
3.50
|
|
Meiji Yasuda Life Insurance Company
|
3.50
|
|
Tokyo Small Medium Business Investment & Consultation Co., Ltd.
|
3.41
|
|
Total
|
|
| |
*All data in the report are on a consolidated basis, unless otherwise stated.
|
| Overview |
The top supplier of rear-view mirrors for automobiles. Non-affiliated.
- Originally, a building product supplier. Started business with Toyota Motor Corporation in 1958. Its share of the rear view mirror market is over 40% domestically and 60% globally.
- Capable of handling almost all processes of mirror system manufacturing in-house, from finishing mirror surfaces to painting.
- Consisting of three business divisions: Mirror system business division, Opto-electronics business division and building product business division.
|
| Products |
Main products
Hydrophilic Clear Mirror (HCM)
Electro-Chromic Mirror
Aspheric Mirror
Power Folding Unit
Actuator
Super Heater
Door Mirror with Foot Light
Auto Retractable Mirror Controller
Door Mirror with Turn lamp
Door Mirror with Side Camera
Reverse-gear Combination Mirror Controller
|
| Customers |
Toyota Motor, Toyota Auto Body, Hino Motors, Kanto Auto Works, Toyota Industries, Central Motor, Daihatsu, Mitsubishi Motors, Honda Motor, Nissan Motor, Nissan Shatai, Suzuki Motor, Fuji Heavy Industry, Hyundai, Ford
Sales percentage by main customer
| - |
Mar.2009 |
Mar.2008 |
Mar.2007 |
|
Toyota
|
37.3%
|
34.4%
|
32.3%
|
Supply Matrix of Main Products from the Company to the OEMs(Japanese Market only)
MC: Major customers purchasing more than 30% of the Co.'s OEM supplied products for Japanese market
|
|
Toyota
|
Nissan
|
Honda
|
Mazda
|
MMC
|
Suzuki
|
Daihatsu
|
FHI
|
Isuzu
|
Hino
|
Nissan
Diesel
|
Fuso
|
|
Back mirrors
|
MC
|
|
|
|
|
|
|
|
|
|
|
|
|
Door mirrors
|
MC
|
|
|
|
|
|
|
|
|
|
|
|
(Based on on results of FY2007 ended in Mar. 2008)
|
| Certifications |
|
Certified in November, 1999.
|
|
-
|
Mirror system business.
|
|
ISO9001. (Fujieda plant, Yaizu plant, Ooigawa plant). QS9000
|
|
-
|
Opto-electronics business.
|
|
ISO9001 (Fujieda plant).
|
|
In December 2001, all the business establishments in the Company, including four subsidiaries, acquired ISO14001.
|
|
Highlights FY2008
(FY ended Mar. 31,
2009) |
|
Financial overview
|
( in millions of JPY )
|
|
-
|
FY2008
|
FY2007
|
R.C.
|
Factors
|
|
Overall
|
|
Sales
|
55,047
|
66,003
|
(16.6)
|
-
|
|
Operating income
|
935
|
3,282
|
(71.5)
|
-
|
|
Ordinary income
|
1,156
|
3,347
|
(65.5)
|
-
|
|
Current net income
|
218
|
1,675
|
(86.9)
|
-
|
|
Mirror system business
|
|
Sales
|
50,052
|
61,510
|
(17.3)
|
Due to a decline in vehicle production volume because of sluggish sales in the global car market.
|
|
Operating income
|
967
|
3,561
|
(72.8)
|
|
|
| Employees |
|
-
|
FY2008
|
FY2007
|
FY2007
|
|
Mirror system business
|
2,363
|
2,352
|
2,055
|
|
Structural material business
|
101
|
103
|
100
|
|
In common
|
24
|
28
|
23
|
|
Total
|
2,488
|
2,483
|
2,178
|
|
| Facilities |
Automobile related parts manufacturing bases
| Plant |
Location |
|
Fujieda Plant
|
Fujieda city, Shizuoka
|
|
Yaizu Plant
|
Yaizu cit, Shizuoka
|
|
Ooigawa Plant
|
Fujieda city, Shizuoka
|
|
| Subsidiaries |
Subsidiaries and affiliated companies for the automotive parts related business
| Company |
Location |
Equity Ratiio (%) |
|
Consolidated subsidiaries
|
|
|
|
AG
|
Shizuoka Pref., Japan
|
100.00
|
|
Shonan Optical Thinfilms Laboratory
|
Tokyo, Japan
|
100.00
|
|
Murakami Seiki
|
Ibaraki Pref., Japan
|
100.00
|
|
Murakami Kyushu Corporation
|
Fukuoka Pref., Japan
|
100.00
|
|
Murakami Manufacturing U.S.A. Inc.
|
Kentucky,
USA
|
100.00
|
|
Murakami AMPAS (Thailand) Co., Ltd.
|
Samutprakarn, Thailand
|
49.99
|
|
Murakami Manufacturing (Thailand) Co., Ltd.
|
Ayutthaya,
Thailand
|
100.00
|
|
Jiaxing Murakami Ishizaki Corp.
|
Zhejiang,
China
|
70.00
|
|
Murakami Corporation (Hong Kong) Ltd.
|
Hong Kong,
China
|
100.00
|
|
Murakami Saikyu (Thailand) Co.,Ltd.
|
Samutprakarn, Thailand
|
90.00
|
|
Significant Subsidiary
|
|
Jiaxing Murakami Kaimeido Corporation
|
Zhejiang,
China
|
100.00
|
|
| |
Subsidiaries and affiliated companies for the automotive parts related business
| Company |
Location |
Equity Ratiio (%) |
|
Consolidated subsidiaries
|
|
|
|
AG
|
Shizuoka Pref., Japan
|
100.00
|
|
Shonan Optical Thinfilms Laboratory
|
Tokyo, Japan
|
100.00
|
|
Murakami Seiki
|
Ibaraki Pref., Japan
|
100.00
|
|
Murakami Kyushu Corporation
|
Fukuoka Pref., Japan
|
100.00
|
|
Murakami Manufacturing U.S.A. Inc.
|
Kentucky,
USA
|
100.00
|
|
Murakami AMPAS (Thailand) Co., Ltd.
|
Samutprakarn, Thailand
|
49.99
|
|
Murakami Manufacturing (Thailand) Co., Ltd.
|
Ayutthaya,
Thailand
|
100.00
|
|
Jiaxing Murakami Ishizaki Corp.
|
Zhejiang,
China
|
70.00
|
|
Murakami Corporation (Hong Kong) Ltd.
|
Hong Kong,
China
|
100.00
|
|
Murakami Saikyu (Thailand) Co.,Ltd.
|
Samutprakarn, Thailand
|
90.00
|
|
Significant Subsidiary
|
|
Jiaxing Murakami Kaimeido Corporation
|
Zhejiang,
China
|
100.00
|
|
| Sales Data |
|
Sales by Segment
|
( in millions of JPY )
|
|
(Year Ended Mar. 31)
|
FY2008
|
FY2007
|
FY2006
|
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
|
Mirror business
|
50,052
|
967
|
60,510
|
3,561
|
55,761
|
1,998
|
|
Structural material business
|
5,974
|
(113)
|
6,620
|
(34)
|
6,966
|
1
|
|
Total
|
56,026
|
854
|
67,131
|
3,526
|
62,727
|
2,000
|
|
Corporate
|
(979)
|
81
|
(1,127)
|
(243)
|
(839)
|
(233)
|
|
Consolidated
|
55,047
|
935
|
66,003
|
3,282
|
61,887
|
1,766
|
|
Sales by Geographic Area
|
( in millions of JPY )
|
|
(Year Ended Mar. 31)
|
FY2008
|
FY2007
|
FY2006
|
|
Sales
|
Operating
Profit
|
Sales
|
Operating
Profit
|
Sales
|
Operating
Profit
|
|
Japan
|
44,499
|
(242)
|
52,738
|
1,721
|
50,930
|
1,187
|
|
Asia
|
10,047
|
1,330
|
11,590
|
1,502
|
8,843
|
1,122
|
|
North America
|
3,415
|
(259)
|
5,312
|
18
|
5,970
|
(514)
|
|
Total
|
57,962
|
827
|
69,641
|
3,242
|
65,744
|
1,795
|
|
Corporate
|
(2,914)
|
107
|
(3,638)
|
40
|
(3,857)
|
(29)
|
|
Consolidated
|
55,047
|
935
|
66,003
|
3,282
|
61,887
|
1,766
|
Asia: Thailand, China
North America: U.S.A
|
Percentage of overseas sales within the consolidated sales figures
|
(%)
|
|
(Year Ended Mar. 31)
|
FY2008
|
FY2007
|
FY2006
|
|
Asia
|
17.4
|
16.8
|
13.0
|
|
North America
|
6.4
|
8.4
|
10.5
|
|
Others
|
0.2
|
0.2
|
0.3
|
|
Total
|
24.1
|
25.4
|
23.7
|
FY2008
Asia: Thailand, China
North America: U.S.A., Canada, Mexico
Others: Spain, Brazil, Belgium
FY2007, FY2006
Asia: Thailand, China
North America: U.S.A., Canada, Mexico
Others: Spain
|
| Financial Data
Consolidated
Financial Data
|
|
|
FY2004
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
|
Sales (million yen)
|
45,322
|
53,657
|
61,887
|
66,003
|
55,047
|
|
Income from ordinary business
activities (million yen)
|
647
|
1,013
|
1,963
|
3,347
|
1,156
|
|
Net income (million yen)
|
61
|
(437)
|
777
|
1,675
|
218
|
|
Net assets (million yen)
|
20,322
|
20,910
|
22,790
|
24,541
|
22,121
|
|
Total assets (million yen)
|
35,298
|
40,474
|
42,574
|
43,495
|
37,514
|
|
Book value per share (yen)
|
1,552.96
|
1,599.63
|
1,669.31
|
1,767.35
|
1,595.22
|
|
EPS (yen)
|
4.15
|
(33.45)
|
59.48
|
128.29
|
16.76
|
|
Diluted EPS (yen)
|
-
|
-
|
-
|
-
|
-
|
|
Net asset ratio (%)
|
57.6
|
51.7
|
51.2
|
53.1
|
55.5
|
|
ROE (%)
|
0.3
|
(2.1)
|
3.6
|
7.5
|
1.0
|
|
PER
|
202.9
|
-
|
16
|
5.7
|
19.7
|
|
Cash flow from operating
activity (million yen)
|
1,641
|
3,338
|
4,286
|
6,399
|
3,977
|
|
Cash flow from investment
activity (million yen)
|
(2,736)
|
(4,186)
|
(3,203)
|
(3,786)
|
(5,084)
|
|
Cash flow from financial
activity (million yen)
|
582
|
1,781
|
(588)
|
(392)
|
125
|
|
Balance cash and cash
equivalents (million yen)
|
2,494
|
3,626
|
4,234
|
6,525
|
5,228
|
|
Number of employees
|
1,387
(485)
|
1,703
(578)
|
2,178
(490)
|
2,483
(699)
|
2,488
(685)
|
|
|
Non Consolidated
Financial Data
|
|
Year Ending March 31
|
FY2004
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
|
Sales (million yen)
|
41,514
|
45,615
|
49,607
|
51,035
|
42,731
|
|
Income from ordinary business
activities (million yen)
|
1,021
|
1,270
|
1,493
|
1,818
|
573
|
|
Net income (million yen)
|
610
|
(2,658)
|
199
|
870
|
(318)
|
|
Paid-in Capital (million yen)
|
3,165
|
3,165
|
3,165
|
3,165
|
3,165
|
|
Number of shares outstanding(000)
|
13,100
|
13,100
|
13,100
|
13,100
|
13,100
|
|
Net assets (million yen)
|
21,706
|
19,808
|
19,826
|
19,831
|
18,625
|
|
Total assets (million yen)
|
33,573
|
34,730
|
35,475
|
35,214
|
30,475
|
|
Book value per share (yen)
|
1,658.74
|
1,515.31
|
1,517.06
|
1,518.74
|
1,426.79
|
|
Dividend per share (yen)
|
8.00
|
8.00
|
8
|
10.00
|
10.00
|
|
EPS (yen)
|
46.10
|
(203.32)
|
15.25
|
66.65
|
(24.42)
|
|
Diluted EPS (yen)
|
-
|
-
|
-
|
-
|
-
|
|
Net asset ratio (%)
|
64.7
|
57.0
|
55.9
|
56.3
|
61.1
|
|
ROE (%)
|
2.8
|
(12.8)
|
1.0
|
4.4
|
(1.7)
|
|
PER
|
18.3
|
-
|
62.3
|
11.0
|
-
|
|
Payout ratio (%)
|
17.4
|
-
|
52.4
|
15.0
|
-
|
|
Number of employees
|
805
(160)
|
812
(149)
|
847
(215)
|
883
(397)
|
898
(377)
|
|
|
Source :
|
www.toyota.co.jp/en
|
