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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 2020 JPYUSD
Revenue236,355M2,173.86M
Gross Profit29,804M274.12M
Operating income7,285M67.00M
Income before tax-9,861M-90.69M
Net income-6,903M-63.49M
EBITDA25,907M238.27M
Diluted EPS-105.93-0.97
Dividends Per Share31.500.28
Total Assets207,333M1,920.55M
Total liabilities124,819M1,156.21M
Total equity71,435M661.71M
Operating cash flow26,359M242.43M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 164,397M 180,522M 237,910M 255,934M 236,355M
Gross Profit 27,059M 26,673M 35,181M 36,846M 29,804M
Operating income 13,398M 11,167M 15,768M 14,108M 7,285M
Income before tax 10,092M 10,068M 15,723M 14,669M -9,861M
Net income 6,809M 6,316M 10,351M 9,885M -6,903M
EBITDA 26,689M 26,237M 34,966M 33,073M 25,907M
Diluted EPS 99.75 92.50 75.80 155.54 -105.93
Dividends Per Share 25 26 33 42 31.50
Total Assets 155,152M 248,482M 247,778M 244,450M 207,333M
Total liabilities 77,205M 160,167M 147,427M 136,115M 124,819M
Total equity 66,822M 71,582M 83,056M 91,510M 71,435M
Operating cash flow 22,968M 19,444M 26,813M 26,714M 26,359M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,369.01M 1,667.06M 2,146.57M 2,307.90M 2,173.86M
Gross Profit 225.33M 246.31M 317.42M 332.26M 274.12M
Operating income 111.57M 103.12M 142.26M 127.21M 67.00M
Income before tax 84.04M 92.97M 141.86M 132.27M -90.69M
Net income 56.70M 58.32M 93.39M 89.13M -63.49M
EBITDA 222.25M 242.29M 315.48M 298.23M 238.27M
Diluted EPS 0.83 0.85 0.68 1.40 -0.97
Dividends Per Share 0.20 0.24 0.29 0.37 0.28
Total Assets 1,380.41M 2,229.93M 2,329.83M 2,208.51M 1,920.55M
Total liabilities 686.90M 1,437.37M 1,386.24M 1,229.75M 1,156.21M
Total equity 594.52M 642.39M 780.96M 826.76M 661.71M
Operating cash flow 191.26M 179.55M 241.92M 240.89M 242.43M

Valuation Measures

Mar 2020
PER--
ROA-3.05%
ROE-8.47%
Operating margin3.08%
Profit margin-2.92%

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. (6.9%)
  • Schroder Investment Management (Japan) Ltd. (6.7%)
  • Mondrian Investment Partners Ltd. (5.0%)
  • Asset Management One Co., Ltd. (4.9%)
  • T. Rowe Price International Ltd. (4.4%)
  • Otsuka Holdings KK (3.9%)
  • OTSUKA HIROSHI /MUSASHI SEIMITSU/ (2.2%)
  • Norges Bank Investment Management (2.2%)
  • Nomura Asset Management Co., Ltd. (1.9%)

Contact Details

Related Companies

  • Musashi Luechow GmbH
  • Asadakatan Chutetsusho Co., Ltd.
  • Musashi Seimitsu Industry Restricted Stock Compensation Plan
  • Musashi India Pvt Ltd.
  • Musashi Holdings Europe GmbH
  • Musashi Auto Parts Vietnam Co. Ltd.
  • Musashi Hungary Manufacturing Ltd.
  • Musashi Asia Co. Ltd.
  • Musashi North America, Inc.
  • Musashi Auto Parts (Zhongshan) Co., Ltd.
  • Musashi do Brasil Ltda.
  • PT Musashi Auto Parts Indonesia
  • Musashi Europe GmbH
  • Musashi Auto Parts Canada, Inc.
  • Musashi Auto Parts (India) Pvt Ltd.
  • Musashi Hungary Ipari Kft
  • Kyushu Musashi Seimitsu Co. Ltd.
  • Musashi Auto Parts UK Ltd.
  • Musashi Da Amazonia Ltda
  • Musashi Auto Parts Michigan, Inc.
  • Musashi South Carolina, Inc.
  • JM Energy Corp.
  • Musashi Bockenau GmbH & Co. KG
  • Musashi Seimitsu Employee Stock Ownership Plan

Competitors

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