You are here

Home » Tokyo

Kanematsu Corp.

Kanematsu Corp. is a Japan company, located in Tokyo. more detail is as below.

Company Information

  • Company Name: Kanematsu Corp.
  • Country: Japan
  • Address: Tokyo
  • International Area Code: 81
  • Phone: 81-3-5440-8000
  • Fax: 81-3-5440-6503
  • Contact: Mr. K. Sato
  • Website:
  • Product List: Agents And Brokers, Horizontal Expansion, New Businesses, Value Exploration, Fundamental Trading.
  • Category Activities: Agents And Brokers, Horizontal Expansion, New Businesses, Value Exploration, Fundamental Trading.
  • Type: Exporters
  • Profile: In April 2007, We Launched A Medium-term Business Plan Called Teamkg120. During Fy2007, The First Year For The Business Plan, And Particularly Since Last Summer, The Global Economy Was Exposed To Turbulence In The Financial And Capital Markets. As A Result Of The Sub-prime Loan Crisis In The United States, Which Produced That Financial Turbulence, The Recessionary Tone Intensified In The United States, And Growth In Europe Also Slowed. In Contrast, Economies In Emerging Markets And In Developing Countries And Regions, Particularly In China And India, Continued To Surge. In This Environment, The Company Achieved Solid Results Overall. Although Net Sales Fell \37.3 Billion From The Previous Year, To \1,244 Billion, Mainly Reflecting The Change Of Kanematsu Textile Corporation To An Equity Method Affiliate, Operating Income Rose \0.9 Billion, To \22.6 Billion. Ordinary Income Increased \1.5 Billion, To \18.7 Billion, Led By A Fall In Interest Paid, Thanks In Turn To A Reduction In Interest-bearing Debt. Net Income Rose \11.5 Billion, To \19 Billion, Reflecting The Posting Of Extraordinary Gains From The Sales Of The Lng Rights. By Segment, The It Division Achieved Strong Results As The System Solutions Business And The Mobile Business Remained Firm. In The Foods & Foodstuff Division, Trading In Feeds As A Result Of Progress In Securing Supplies Of Products Performed Strongly, As Did The Meat Products Business. In The Iron, Steel & Plant Division, The Special Steel Business And Machine Tool & Transportation Equipment Businesses For North America Achieved Solid Results. Looking At Our Financial Situation, Fixed Assets Fell \35.4 Billion As Investments In Securities Declined With Sales Of Equity In Affiliates And The Aircraft Leasing Business. Current Assets Also Declined, Reflecting Changes In The Scope Of Consolidated Subsidiaries. As A Result, Total Assets Slipped \59.7 Billion Year On Year, To \503.5 Billion. With Respect To Interest-bearing Debt, We Allocate Proceeds From The Liquidation Of Assets And Strong Operating Revenues For The Repayment Of Borrowings. As A Result, Gross Interest-bearing Debt Fell \47 Billion Yen, Or 17.4% From The End Of The Previous Fiscal Year, To \223.7 Billion, And Net Interest-bearing Debt, Which Subtracts Cash And Deposits From Gross Interest-bearing Debt, Declined \56 Billion, Or 27.3%, To \148.9 Billion. In Addition, Given The Increase In Shareholders’ Equity Associated With The Posting Of Net Income, The Equity Ratio Improved To 9.1% And The Net Debt-equity Ratio Strengthened To A Factor Of 3.3. Despite The Uncertain Economic Prospects For Fy2008, The Second Year Of Our Medium-term Business Plan Teamkg120, We Remain Committed To Achieving Our Goal Of Continuous Profitability Improvement. By Developing New Businesses, And Strengthening Existing Commercial Rights, We Will Steadily Bolster Our Earnings.
  • Area: Tokyo
More Links

  • France Motors Co. Ltd.
  • Western Corp.
  • Kanematsu Corp.
  • Shimizu Corp.
  • Anzen Motor Car Co. Ltd.

    •         ‹ previous | next ›