Musashi Seimitsu Industry Co., Ltd. Succeeds in All Regions According to BAC Report
17 Oct 2011 • by Natalie Aster
LONDON – FY 2009-2010 was a hard one for Musashi Seimitsu Industry Co., Ltd. the company felt full pressure of financial crisis on its business, major indices became subdued. But in 2010-2011 Musashi showed a strong comeback. All operating regions gave sales improvement.
Europe: Due to an increase in product sales for automobiles, Mar 31 2011 sales were ¥ 6,271 M (up 4.7%), and segment profit was ¥ 603 M (with operating loss of ¥ 294 M).
Japan: The increase in sales was brought by increased production of major sales target, sales amounted to ¥ 35,161 M (up 8.6%), and segment profit of ¥ 1,904 M (up 136.%).
Rest of Asia: Due to an increase in sales of motorcycles, sales of 43,361 million yen (up 28.0% year on year), and segment profit of 6,558 million yen (up 76.8 percent year on year) now.
North America: Due to an increase in product sales for automobiles, sales of 22,96 million yen (up 24.1% year on year), and segment profit of 3.26 million yen (1,006 million yen operating loss in the prior year) next directly below.
South America: Due to an increase in sales of motorcycles, sales of 19,267 million yen (up 12.9% year on year), and segment profit of 2,521 million yen (up 65.9 percent year on year) now.
Company’s overall financial performance is solid. Though June 31 2011 reflects a slight decrease in main indices, the reason for that is seasonality. Seasonality does not strongly affect Musashi’s performance, so it is no concern. FY ended March 31 2011 reveals revenues and net incomes rise by 17.8% and 157.9% respectively. Total revenues equaled ¥ 127,026 M, net income reached ¥ 9,185 M.
Founded in 1938 and headquartered in Aichi (Japan), Musashi Seimitsu Industry Co., Ltd. engages in design, development, manufacture and distribution of suspension parts, motor parts and steering parts for motorcycles and automobiles. The company has long-term relationship with world-famous producers like Honda Motor Co, Suzuki Motor Corporation, Mitsubishi Motors Corporation, AUDI AG, Ford Motor Company, General Motors Corporation, Jaguar Cars, Siam Toyota Manufacturing, Hyundai Motor Manufacturing, Fuji Heavy Industries, and many others. It’s global footprint can be found in Asia, Europe, North and South America. The Company had 17 subsidiaries helping Musashi run operations in four regions. Since 2004 the enterprise trades at the SE.
Other details about Musashi’s business activities, financial indices, competitors list and more can be found in the report “Musashi Seimitsu Industry Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Musashi Seimitsu Industry Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
All the information about Japan Auto Parts Industry and its competitors analysis can be found in the report “Japan Auto Parts Industry Comparative Analysis and Companies Ranking”
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