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Producer Manufacturing

Musashi Seimitsu Industry Co., Ltd.

Business Summary

Musashi Seimitsu Industry Co., Ltd. engages in the manufacture and sale of transportation equipment such as vehicle engines, suspension, and steering parts. It operates through the following divisions: Power Train, Linkage and Suspension (L&S), and Two Wheels. The Power Train division includes transmission gears, differential and planetary assemblies, and camshafts. The Linkage and Suspension division covers ball joints and important security parts. The Two Wheels division includes kick starters, transmission gear, and camshaft for motorcycles, general purpose. The company was founded was founded by Miharu Otsuka in April 1938 and is headquartered in Toyohashi, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue204,714M1,930.21M
Gross Profit27,641M260.62M
Operating income7,508M70.79M
Income before tax9,744M91.87M
Net income7,377M69.55M
EBITDA23,727M223.71M
Diluted EPS113.131.06
Dividends Per Share350.33
Total Assets226,066M2,045.84M
Total liabilities130,149M1,177.81M
Total equity85,141M770.50M
Operating cash flow18,259M172.16M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 180,522M 237,910M 255,934M 236,355M 204,714M
Gross Profit 26,673M 35,181M 36,846M 29,804M 27,641M
Operating income 11,167M 15,768M 14,108M 7,285M 7,508M
Income before tax 10,068M 15,723M 14,669M -9,861M 9,744M
Net income 6,316M 10,351M 9,885M -6,903M 7,377M
EBITDA 26,237M 34,966M 33,073M 25,907M 23,727M
Diluted EPS 92.50 75.80 155.54 -105.93 113.13
Dividends Per Share 26 33 42 31.50 35
Total Assets 248,482M 247,778M 244,450M 207,333M 226,066M
Total liabilities 160,167M 147,427M 136,115M 124,819M 130,149M
Total equity 71,582M 83,056M 91,510M 71,435M 85,141M
Operating cash flow 19,444M 26,813M 26,714M 26,359M 18,259M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,667.06M 2,146.57M 2,307.90M 2,173.86M 1,930.21M
Gross Profit 246.31M 317.42M 332.26M 274.12M 260.62M
Operating income 103.12M 142.26M 127.21M 67.00M 70.79M
Income before tax 92.97M 141.86M 132.27M -90.69M 91.87M
Net income 58.32M 93.39M 89.13M -63.49M 69.55M
EBITDA 242.29M 315.48M 298.23M 238.27M 223.71M
Diluted EPS 0.85 0.68 1.40 -0.97 1.06
Dividends Per Share 0.24 0.29 0.37 0.28 0.33
Total Assets 2,229.93M 2,329.83M 2,208.51M 1,920.55M 2,045.84M
Total liabilities 1,437.37M 1,386.24M 1,229.75M 1,156.21M 1,177.81M
Total equity 642.39M 780.96M 826.76M 661.71M 770.50M
Operating cash flow 179.55M 241.92M 240.89M 242.43M 172.16M

Valuation Measures

Mar 2021
PER16.69
ROA3.40%
ROE9.42%
Operating margin3.66%
Profit margin3.60%

Key executives

  • President, Group CEO & Representative Director: Hiroshi Otsuka
  • Group CFO, Director & Managing Executive Officer: Tracey Sivill
  • Representative Director & Chief Technical Officer: Takayuki Miyata
  • Chief Human Resource, Compliance & IT Officer: Masaru Maeda
  • Chief Sales Officer & Executive Officer: Yasunori Amano

Shareholders

  • Honda Motor Co., Ltd. (25.0%)
  • Nikko Asset Management Co., Ltd. (5.9%)
  • Mondrian Investment Partners Ltd. (5.2%)
  • Asset Management One Co., Ltd. (4.9%)
  • Schroder Investment Management (Japan) Ltd. (4.3%)
  • T. Rowe Price International Ltd. (4.0%)
  • Otsuka Holdings KK (3.9%)
  • Norges Bank Investment Management (2.9%)
  • OTSUKA HIROSHI /MUSASHI SEIMITSU/ (2.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.1%)

Contact Details

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Competitors

    Last Updated on 7 Dec, 2021

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