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Consumer Durables

Funai Electric Co., Ltd.

Business Summary

Funai Electric Co., Ltd. engages in the development, manufacture, and sale of electrical products. Its products include liquid crystal displays, digital video disc players and recorders, Blu-ray disc players and recorders, printers, audio accessories, and antennas. It operates through the following segments: Japan, North America, Asia, and Europe. The company was founded by Tetsuro Funai in August 1961 and is headquartered in Daito, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue105,549M951.79M
Gross Profit13,700M123.54M
Operating income682M6.14M
Income before tax1,381M12.45M
Net income2,613M23.56M
EBITDA1,656M14.93M
Diluted EPS76.580.69
Dividends Per Share----
Total Assets83,293M752.52M
Total liabilities29,233M264.10M
Total equity54,057M488.38M
Operating cash flow3,507M31.62M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 217,088M 170,041M 133,838M 130,130M 105,549M
Gross Profit 42,810M 25,370M 24,766M 8,601M 13,700M
Operating income 564M -10,540M -6,775M -10,884M 682M
Income before tax 2,244M -32,040M -7,307M -24,335M 1,381M
Net income 1,354M -33,839M -6,745M -24,709M 2,613M
EBITDA 6,419M -6,042M -2,677M -8,626M 1,656M
Diluted EPS 39.68 -991.79 -197.69 -724.20 76.58
Dividends Per Share 35 30 10 10 --
Total Assets 189,695M 154,191M 108,685M 80,265M 83,293M
Total liabilities 61,814M 68,937M 32,027M 29,546M 29,233M
Total equity 126,820M 83,474M 76,656M 50,717M 54,057M
Operating cash flow 16,897M -7,549M -13,329M -5,369M 3,507M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,976.10M 1,416.01M 1,235.95M 1,174.11M 951.79M
Gross Profit 389.69M 211.26M 228.70M 77.60M 123.54M
Operating income 5.13M -87.77M -62.56M -98.20M 6.14M
Income before tax 20.42M -266.81M -67.47M -219.56M 12.45M
Net income 12.32M -281.79M -62.28M -222.94M 23.56M
EBITDA 58.43M -50.31M -24.72M -77.82M 14.93M
Diluted EPS 0.36 -8.25 -1.82 -6.53 0.69
Dividends Per Share 0.31 0.24 0.09 0.09 --
Total Assets 1,581.78M 1,371.86M 975.36M 754.72M 752.52M
Total liabilities 515.43M 613.34M 287.41M 277.81M 264.10M
Total equity 1,057.49M 742.68M 687.92M 476.88M 488.38M
Operating cash flow 153.80M -62.86M -123.08M -48.44M 31.62M

Valuation Measures

Mar 2019
PER9.75
ROA3.19%
ROE4.98%
Operating margin0.64%
Profit margin2.47%

Key executives

  • President & Representative Director: Hideaki Funakoshi
  • Director & Executive Officer: Takeshi Ito
  • Director & Executive Officer: Motoyoshi Adachi
  • Director, Executive Officer & GM-Administration: Makoto Ueshima

Shareholders

  • FUNAI TETSUO (33.7%)
  • Wellington Management Co. LLP (6.2%)
  • Brandes Investment Partners LP (6.1%)
  • Funai Electric Co., Ltd. (5.5%)
  • Funai Foundation For Information Technology (4.8%)
  • F2 YK (1.3%)
  • T&N YK (1.3%)
  • Nomura Asset Management Co., Ltd. (1.2%)
  • The Vanguard Group, Inc. (1.0%)
  • Norges Bank Investment Management (0.8%)

Contact Details

Related Companies

  • Funai Electric Cebu, Inc.
  • P&F Mexicana SA de CV
  • H.F.T. Industrial Ltd.
  • Funai India Pvt Ltd.
  • Funai (Thailand) Co. Ltd.
  • Sanyo Electric Co., Ltd. /North America TV Business/
  • Funai Electric R&D (Shenzhen) Co. Ltd.
  • Funai Service Corp.
  • Royal Philips Electronics NV /North America & Mexico TV Bus/
  • FGS Co.,Ltd.
  • Funai Techno-Systems Co. Ltd.
  • Funai Electric Europe Sp zoo
  • Funai Sewing Machine Co., Ltd.
  • Funai Electric (HK) Ltd.
  • Funai Europe GmbH
  • Funai Service Co. Ltd.
  • Lexmark International Philippines, Inc.
  • P&F USA, Inc.
  • Funai Corp., Inc.
  • Funai Foundation For Information Technology

Competitors

  • Pixelworks, Inc.
Last Updated on 11 Oct, 2019

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