DOCSLIB.ORG

Securities and Exchange Commission

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Securities and Exchange Commission [Translation] Annual Securities Report (The 127th Business Term) From January 1, 2016 to December 31, 2016 2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, JAPAN Kubota Corporation TABLE OF CONTENTS Cover 1. Overview of the Company ………………………………...…………………………................................................................ 1 1. Key Financial Data ……………………………………………………………………………………………….……………………………… 1 2. History…................................................................................................................................................... 2 3. Description of Business …........................................................................................................................ 3 4. Information on Subsidiaries and Affiliated Companies …......................................................................... 6 5. Employees …............................................................................................................................................ 11 2. Business Overview …………………………………………………………………...…………………………………………………………….…. 12 1. Summary of Business Results ………………………………………………………………………..……...……………………….…… 12 2. Production, Orders Received, and Sales ……………………………………………….……………………..……...……….……. 14 3. Business Issues to Address ……..…………………………………………………………….………………………..………………..… 14 4. Risk Factors …………………………………………………………………………………..……...……………………….…………………… 16 5. Material Contracts ………………………………………………………………………..……...…………………………….……………… 19 6. Research and Development (R&D) ……………………………………………..……...……………………………………….…….. 19 7. Analyses of Consolidated Financial Condition, Results of Operations, and Cash Flows .......................... 22 3. Property, Plant, and Equipment ……………………………………..……………………...………………………………………..………. 23 1. Summary of Capital Investment ……………………………………………….…..……...………………………….………………… 23 2. Major Property, Plant, and Equipment ……………………………………..……….…..………………………………………… 24 3. Plans for Capital Investment and Disposals of Property, Plant, and Equipment ……….……………………..… 26 4. Information on Kubota Corporation …………………………………………………….…………...………………………………………. 27 1. Information on the Shares of Kubota Corporation …………………….….……………………………..……..…..……….. 27 2. Information on Acquisition of Treasury Stock …………………………....………………………………………………………. 31 3. Dividend Policy …………………………..…………………...………………..………………………………..……………………………… 32 4. Share Prices …………….………….………...…………………………………………..…..…………………..……………………………… 32 5. Directors and Senior Management …….………………...……………………………….…………..………………………………. 33 6. Corporate Governance ……………….…………………...………………………………………………..………………………………. 42 5. Stock-Related Administration of Kubota Corporation …………………………..…………………………......……................. 51 6. Reference Information on Kubota Corporation …………………………………………………….……….….......................... 52 1. Information on Parent Company of Kubota Corporation ……...…………………………..………………………………. 52 2. Other Reference Information …………………………………………………………………………………………………………...… 52 Consolidated Financial Statements F-1 Independent Auditors’ Report A-1 Independent Auditors’ Report A-2 (filed under the Financial Instruments and Exchange Act of Japan) (Translation) Confirmation Letter (Translation) A-5 Management’s Report on Internal Control over Financial Reporting (Translation) A-7 COVER [Document Filed] Annual Securities Report (“Yukashoken Hokokusho”) [Applicable Law] Article 24, Paragraph 1 of the Financial Instruments and Exchange Act of Japan [Filed to] Director, Kanto Local Finance Bureau [Filing Date] March 24, 2017 [Fiscal Year] 127th Business Term (from January 1, 2016 to December 31, 2016) [Company Name] Kabushiki Kaisha Kubota [Company Name in English] Kubota Corporation [Title and Name of Representative] Masatoshi Kimata, President and Representative Director [Address of Head Office] 2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, JAPAN [Phone No.] +81-6-6648-2622 [Contact Person] Setsuo Harashima, General Manager of Accounting Dept. [Contact Address] 1-3, Kyobashi 2-chome, Chuo-ku, Tokyo, JAPAN, Kubota Corporation, Tokyo Head Office [Phone No.] +81-3-3245-3111 [Contact Person] Makoto Hishida, General Manager of Tokyo Administration Dept. [Place Where Available for Public Kubota Corporation, Hanshin Office Inspection] (1-1, Hama 1-chome, Amagasaki-shi, Hyogo, JAPAN) Kubota Corporation, Tokyo Head Office (1-3, Kyobashi 2-chome, Chuo-ku, Tokyo, JAPAN) Kubota Corporation, Chubu Regional Office (22-8, Meieki 3-chome, Nakamura-ku, Nagoya, JAPAN) Kubota Corporation, Yokohama Branch (6, Onoe-cho 1-chome, Naka-ku, Yokohama, JAPAN) Tokyo Stock Exchange, Inc. (2-1, Nihombashi Kabuto-cho, Chuo-ku, Tokyo, JAPAN) This is an English translation of the original Annual Securities Report (“Yukashoken Hokokusho”) filed with the Director of the Kanto Local Finance Bureau via Electronic Disclosure for Investors’ NETwork (“EDINET”) pursuant to the Financial Instruments and Exchange Act of Japan. The translations of the Independent Auditors’ Report (filed under the Financial Instruments and Exchange Act of Japan), the Confirmation Letter, and the Management’s Report on Internal Control over Financial Reporting for the original Annual Securities Report are included at the end of this document. As used in this Annual Securities Report herein, the “Company” refers to Kubota Corporation and its subsidiaries unless the context otherwise indicates. References in this document to the “Financial Instruments and Exchange Act of Japan” are to the Financial Instruments and Exchange Act of Japan and other laws and regulations amending and/or supplementing the Financial Instruments and Exchange Act of Japan. Cautionary Statement with respect to Forward-Looking Statements This document may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: general economic conditions in the Company's markets, particularly government agricultural policies; levels of capital expenditures both in public and private sectors; foreign currency exchange rates; the occurrence of natural disasters; continued competitive pricing pressures in the marketplace; and the Company's ability to continue to gain acceptance of its products. 1. Overview of the Company 1. Key Financial Data 127th 126th 125th 124th 123rd 122nd Fiscal year Business term Business term Business term Business term Business term Business term Year end December 2016 December 2015 March 2015 March 2014 March 2013 March 2012 Revenues (¥ in millions) 1,596,091 1,244,775 1,584,265 1,510,528 1,221,544 1,029,361 Income before income taxes (¥ in millions) 196,971 169,504 210,709 212,382 126,815 100,745 and equity in net income of affiliated companies Net income attributable to (¥ in millions) 132,485 110,107 139,534 132,666 77,761 62,052 Kubota Corporation Comprehensive income (¥ in millions) 112,599 82,060 228,886 188,044 157,535 58,416 Kubota Corporation (¥ in millions) 1,198,761 1,140,310 1,100,079 935,757 794,501 676,043 shareholders’ equity Total equity (¥ in millions) 1,271,925 1,218,558 1,178,466 1,001,575 853,193 734,065 Total assets (¥ in millions) 2,670,582 2,532,926 2,472,163 2,110,687 1,852,577 1,555,133 Kubota Corporation (¥) 966.19 916.28 883.10 748.76 632.59 538.28 shareholders’ equity per common share Net income attributable to Kubota Corporation per common share: Basic (¥) 106.58 88.47 111.68 105.74 61.91 49.15 Diluted (¥) — — — — — — Kubota Corporation (%) 44.89 45.02 44.50 44.33 42.88 43.47 shareholders’ equity ratio Return on equity (%) 11.33 9.83 13.71 15.33 10.58 9.37 Price earnings ratio (times) 15.65 21.34 17.04 12.93 21.61 16.17 Net cash provided by (¥ in millions) 184,978 197,040 85,880 82,981 45,604 67,909 operating activities Net cash used in (¥ in millions) (167,525) (130,307) (117,227) (104,555) (79,167) (64,072) investing activities Net cash provided by (¥ in millions) 11,364 (27,671) 47,994 6,771 30,864 (16,074) (used in) financing activities Cash and cash equivalents, (¥ in millions) 169,416 146,286 112,428 88,405 98,445 93,941 end of period Number of employees (number of 38,291 36,233 35,487 33,845 31,436 29,185 (Average number of persons) (3,280) (3,650) (3,981) (4,623) (4,558) (3,150) part-time employees) (Notes) 1. The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). 2. Revenues do not include consumption taxes. 3. Amounts less than presentation units are rounded. 4. “Net income attributable to Kubota Corporation per common share—Diluted” is not stated because Kubota Corporation did not have potential dilutive common shares that were outstanding for the period. 5. Beginning with the 124th business term, the Company aligned the reporting periods of certain subsidiaries and affiliated companies with different financial statement closing dates to that of Kubota Corporation. To reflect the impact of these changes, the Company has retrospectively adjusted the consolidated financial statements for all periods presented. 6. Kubota Corporation changed its fiscal year-end from March 31 to December 31, from the 126th business term. The same changes in the fiscal year-ends were made to subsidiaries in Japan that had fiscal year-ends other than December 31. Accordingly,
Load more

Recommended publications
  • Focus on Membrane Technology for Water Treatment
    FocusFocus onon MembraneMembrane TechnologyTechnology forfor WaterWater TreatmentTreatment Toray Industries, Inc. February 4, 2004 Masaru Kurihara CONTENTCONTENT 1.1. WorldWorld WaterWater ProblemProblem 2.2. WaterWater TreatmentTreatment MembranesMembranes 3.3. RORO MembranesMembranes && NFNF MembranesMembranes 4.4. UFUF MembranesMembranes && MFMF MembranesMembranes -- DrinkingDrinking WaterWater ProductionProduction -- 5.5. ImmersedImmersed MembranesMembranes forfor WastewaterWastewater TreatmentTreatment 6.6. ConclusionConclusion TorayToray –– TheThe LeaderLeader inin ““AdvancedAdvanced MaterialsMaterials”” AchievingAchieving HighHigh GrowthGrowth byby ConstantlyConstantly SupplyingSupplying “Advanced“Advanced Materials”Materials”––DDevelopedeveloped withwith ourour CoreCore TechnologiesTechnologies ––iintonto ourour ThreeThree GrowthGrowth AreasAreas (an(an expansionexpansion ofof ourour fourfour strategicstrategic businessbusiness areas)areas) <Advanced Materials> •Nanofibers Four Strategic •High-performance Fibers <Three Growth Areas> Business Areas <Core Technologies> and Resins Electronics & Info- IT-related Products Organic Synthetic •Nano-alloy Materials Related Products Chemistry •Advanced Electronics Materials Life Sciences Pharmaceuticals Polymer Chemistry •Biomaterials •Separation Materials Water Treatment Biochemistry •High-performance Composite Environment Safety Materials Amenity •Recycling Materials Carbon Fiber WorldWorld WaterWater ShortageShortage -- NowNow andand FutureFuture (WMO and others, 1996) 1995 Main regions
    [Show full text]
  • Global Expert Mission Japan Transforming Construction 2019
    Connecting for Positive Change _ ktn-uk.org/Global Global Expert Mission Japan Transforming Construction 2019 Contact Dr Nee-Joo Teh Head of International and Development [email protected] JAPAN TRANSFORMING CONSTRUCTION 2019 Contents Welcome 4 1 Introduction 5 1.1 Transforming Construction Programme 5 1.2 Scope of Enquiry 5 1.3 Disclaimer 5 2 Overview of Japan and its Business Environment 6 2.1 Understanding the Underlying Market Context 6 2.2 General Business Environment 6 2.3 Trading History 7 2.4 Doing Business in Japan 7 2.5 Attitude to Innovation 7 2.6 How Japanese Companies Innovate 8 2.7 Funding and Investment Agencies 9 3 Overview of Japan’s Construction Sector 13 3.1 Labour Shortages 13 3.2 Productivity Strategy 13 3.3 Industry Priorities: I-Construction 13 3.4 The Japanese Housing Market 15 3.5 Procurement 15 3.6 Players 16 3.7 Disruption 16 4 Evidence of Innovation 17 4.1 Obayashi Corporation 17 4.2 Komatsu 18 4.3 Sekisui House 20 4.4 Daiwa House Industries 21 4.5 Other visits 21 5 Market Synergies 23 5.1 National Priorities are Aligned 23 5.2 Critical Contextual Factors 23 Appendix 1 – List of UK Participants 24 Appendix 2 – List of Abbreviations 25 Japan Transforming Construction 2019 | 3 INNOVATE UK GLOBAL EXPERT MISSION Welcome Innovate UK1 global missions programme is one of its most important tools to support the UK’s Industrial Strategy’s ambition for the UK to be the international partner of choice for science and innovation.
    [Show full text]
  • Published on July 21, 2021 1. Changes in Constituents 2
    Results of the Periodic Review and Component Stocks of Tokyo Stock Exchange Dividend Focus 100 Index (Effective July 30, 2021） Published on July 21, 2021 1. Changes in Constituents Addition（18） Deletion（18） CodeName Code Name 1414SHO-BOND Holdings Co.,Ltd. 1801 TAISEI CORPORATION 2154BeNext-Yumeshin Group Co. 1802 OBAYASHI CORPORATION 3191JOYFUL HONDA CO.,LTD. 1812 KAJIMA CORPORATION 4452Kao Corporation 2502 Asahi Group Holdings,Ltd. 5401NIPPON STEEL CORPORATION 4004 Showa Denko K.K. 5713Sumitomo Metal Mining Co.,Ltd. 4183 Mitsui Chemicals,Inc. 5802Sumitomo Electric Industries,Ltd. 4204 Sekisui Chemical Co.,Ltd. 5851RYOBI LIMITED 4324 DENTSU GROUP INC. 6028TechnoPro Holdings,Inc. 4768 OTSUKA CORPORATION 6502TOSHIBA CORPORATION 4927 POLA ORBIS HOLDINGS INC. 6503Mitsubishi Electric Corporation 5105 Toyo Tire Corporation 6988NITTO DENKO CORPORATION 5301 TOKAI CARBON CO.,LTD. 7011Mitsubishi Heavy Industries,Ltd. 6269 MODEC,INC. 7202ISUZU MOTORS LIMITED 6448 BROTHER INDUSTRIES,LTD. 7267HONDA MOTOR CO.,LTD. 6501 Hitachi,Ltd. 7956PIGEON CORPORATION 7270 SUBARU CORPORATION 9062NIPPON EXPRESS CO.,LTD. 8015 TOYOTA TSUSHO CORPORATION 9101Nippon Yusen Kabushiki Kaisha 8473 SBI Holdings,Inc. 2.Dividend yield (estimated) 3.50% 3. Constituent Issues (sort by local code) No. local code name 1 1414 SHO-BOND Holdings Co.,Ltd. 2 1605 INPEX CORPORATION 3 1878 DAITO TRUST CONSTRUCTION CO.,LTD. 4 1911 Sumitomo Forestry Co.,Ltd. 5 1925 DAIWA HOUSE INDUSTRY CO.,LTD. 6 1954 Nippon Koei Co.,Ltd. 7 2154 BeNext-Yumeshin Group Co. 8 2503 Kirin Holdings Company,Limited 9 2579 Coca-Cola Bottlers Japan Holdings Inc. 10 2914 JAPAN TOBACCO INC. 11 3003 Hulic Co.,Ltd. 12 3105 Nisshinbo Holdings Inc. 13 3191 JOYFUL HONDA CO.,LTD.
    [Show full text]
  • Expansion Strategy of Water Treatment Business 19Th December 2008
    <5th IT-2010 IR Seminar> Expansion Strategy of Water Treatment Business 19th December 2008 Toray Industries, Inc Executive Vice President and General Manager of Water Treatment & Environment Div. Akihiro Nikkaku General Manager of Water Treatment Div. Hideo Sato 1 Contents: １．Global Water Environment and Toray’s Activity 2. Toray’s Water Treatment Business 3. Reverse Osmosis (RO) Membrane Business 4. Submerged Membrane Business for Membrane Bioreactor (MBR) 5. Hollow Fiber UF/MF Membrane Business 6. IMS (Integrated Membrane System) 7. Expansion Plan of Water Treatment Business 2 Global Environmental Issues: Co2 and Water Water Issue (Water Shortage and Water CO2 Issue Pollution) Acid Rain Desertification Diminishing Global Warming Rain Forest Pollution Issues Ocean Pollution Destruction of Waste Problem Ozone Layer 3 Toray’s Approach toward Global Water Environment Issue Global Environmental Issue: Water became a focus at World Economic Forum 2007 （Commonly known as：Davos Conference） Jan 25,2007,Davos: Toray co-sponsored Special Japanese Sushi Reception 2007 , which was hosted by Japan Water Forum (JWF) The 1st Asia Pacific Water Summit (Beppu, Japan): Organizer: APWF(JWF) Dec.3-4, 2007, Beppu: Toray attended at CEO PANEL and made the presentation titled “Membrane Technologies meet to the Solution of the Subjects on the Global Water Environment “ Toray attended the Liberal Democratic Party research group on water security Mar.23, 2008, Toray made a report on “Approach to Rapidly Growing Global Water Business Market” as one of the major members of Council on Competitiveness- Nippon (COCN)’s “Technologies for Effective Utilization of Water Treatment and Water Resource Project” Toray participated in Singapore International Water Week June 23-27, 2008,Singapore:Toray gave a keynote speech at Japan Business Forum.
    [Show full text]
  • Factset-Top Ten-0521.Xlsm
    Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight ASML Holding NV 34,391,879.94 4.3 Roche Holding Ltd 28,162,840.25 3.5 Novo Nordisk A/S Class B 17,719,993.74 2.2 SAP SE 17,154,858.23 2.1 AstraZeneca PLC 15,759,939.73 2.0 Unilever PLC 13,234,315.16 1.7 Commonwealth Bank of Australia 13,046,820.57 1.6 L'Oreal SA 10,415,009.32 1.3 Schneider Electric SE 10,269,506.68 1.3 GlaxoSmithKline plc 9,942,271.59 1.2 Allianz SE 9,890,811.85 1.2 Hong Kong Exchanges & Clearing Ltd. 9,477,680.83 1.2 Lonza Group AG 9,369,993.95 1.2 RELX PLC 9,269,729.12 1.2 BNP Paribas SA Class A 8,824,299.39 1.1 Takeda Pharmaceutical Co. Ltd. 8,557,780.88 1.1 Air Liquide SA 8,445,618.28 1.1 KDDI Corporation 7,560,223.63 0.9 Recruit Holdings Co., Ltd. 7,424,282.72 0.9 HOYA CORPORATION 7,295,471.27 0.9 ABB Ltd. 7,293,350.84 0.9 BASF SE 7,257,816.71 0.9 Tokyo Electron Ltd. 7,049,583.59 0.9 Munich Reinsurance Company 7,019,776.96 0.9 ASSA ABLOY AB Class B 6,982,707.69 0.9 Vestas Wind Systems A/S 6,965,518.08 0.9 Merck KGaA 6,868,081.50 0.9 Iberdrola SA 6,581,084.07 0.8 Compagnie Generale des Etablissements Michelin SCA 6,555,056.14 0.8 Straumann Holding AG 6,480,282.66 0.8 Atlas Copco AB Class B 6,194,910.19 0.8 Deutsche Boerse AG 6,186,305.10 0.8 UPM-Kymmene Oyj 5,956,283.07 0.7 Deutsche Post AG 5,851,177.11 0.7 Enel SpA 5,808,234.13 0.7 AXA SA 5,790,969.55 0.7 Nintendo Co., Ltd.
    [Show full text]
  • Auction Held September 21, 2019. Partial List of Equipment & Vehicles
    Auction held September 21, 2019. Partial list of Equipment & Vehicles: Unit # Description Serial # MN2568 19 INCH FLAT PANEL MONITOR HP L1910 CNC932P6R2 MN2545 19 INCH FLAT PANEL MONITOR HP L1910 CNC921Q2D6 MN2574 19 INCH FLAT PANEL MONITOR HP L1910 CNC932P7PB 3387 1998 INTERNATIONAL 1HTSMABK1WH515913 31088 2004 CHEV ASTRO VAN 1GNEL19X04B128713 31006 2004 FORD F-250 PICKUP 1FTNX21L04ED47326 31097 2005 FORD F-250 1FTSX21505ED07947 31097 2005 KNAPHEIDE 8' SERVICE BODY 696D38J 33080 2006 INTERNATIONAL 10 WHEEL TRUCK 1HTWYAHT96J360476 31128 2008 GMC CANYON 4WD REG CAB 1GTDT14EX88166799 36910 2008 GMC SIERRA 3500 HD 4WD EX 1GTHK29K78E157682 33520 2009 GMC CANYON 4WD 1GTDT19EX98148913 31149 2009 GMC CANYON 4WD EXT CAB 1GTDT19E198147004 31182 2011 GMC CANYON 2WD EXT CAB 1GTC5MFE8B8112137 261468 AERIAL LIFT NA 10023 BACKHOE JJ00247668 52087 BMW POLICE MOTORCYCLE WB104400XCZW21447 52088 BMW POLICE MOTORCYCLE WB1044008CZW21446 52089 BMW POLICE MOTORCYCLE WB1044006CZW21445 52090 BMW POLICE MOTORCYCLE WB1044004CZW21444 52092 BMW POLICE MOTORCYCLE WB1044005CZW21436 52094 BMW POLICE MOTORCYCLE WB1044001CZW21434 52095 BMW POLICE MOTORCYCLE WB104400XCZW21433 52096 BMW POLICE MOTORCYCLE WB1044000CZW21618 24005 BOBTAIL DUMP TRUCK 1HTSDAAR91H354251 40480 CHEV IMPALA 2G1WS583789245100 40481 CHEV IMPALA 2G1WS583689249042 40491 CHEV IMPALA 2G1WS583789274774 44030 CHEV IMPALA 2G1WS58R979297119 44054 CHEV IMPALA 2G1WD5EMXA1153507 50268 CHEV IMPALA 2G1WS58R879234724 50278 CHEV IMPALA 2G1WS58R479272595 50298 CHEV IMPALA 2G1WS583089239543 50307 CHEV IMPALA 2G1WS583889236907
    [Show full text]
  • Changes of Directors and Executive Officers
    March 22, 2021 Mizuho Financial Group, Inc. Changes of Directors and Executive Officers Mizuho Financial Group, Inc. hereby announces changes of Member of the Board of Directors and Executive Officers (including changes in their areas of responsibility, etc.) of the following entities within the Group : Mizuho Financial Group, Inc. (MHFG) Mizuho Bank, Ltd. (MHBK) Mizuho Trust & Banking Co., Ltd. (MHTB) Mizuho Securities Co., Ltd. (MHSC) Mizuho Research & Technologies, Ltd. (MHRT) 1 Contents Mizuho Financial Group, Inc. (MHFG) .......................................................................................................... 3 1. Changes of Member of the Board of Directors ..................................................................................... 3 2. Changes of Executive Officers .............................................................................................................. 3 3. Directors and Executive Officers as of April 1, 2021 .......................................................................... 5 Mizuho Bank, Ltd. (MHBK) ............................................................................................................................ 8 1. Changes of Directors and Executive Officers ...................................................................................... 8 2. Directors and Executive Officers as of April 1, 2021 ......................................................................... 12 Mizuho Trust & Banking Co., Ltd. (MHTB) ...............................................................................................
    [Show full text]
  • Factors Associated with Non-Remission in Bipolar Disorder: the Multicenter Treatment Survey for Bipolar Disorder in Psychiatric Outpatient Clinics (MUSUBI)
    Neuropsychiatric Disease and Treatment Dovepress open access to scientific and medical research Open Access Full Text Article ORIGINAL RESEARCH Factors Associated with Non-Remission in Bipolar Disorder: The Multicenter Treatment Survey for Bipolar Disorder in Psychiatric Outpatient Clinics (MUSUBI) This article was published in the following Dove Press journal: Neuropsychiatric Disease and Treatment Takashi Tsuboi, 1,2 Purpose: The aim of this study was to identify factors associated with non-remission in 2,3 Ta kefum i Suzuk i, bipolar disorder. 4 Takaharu Azekawa, Patients and Methods: The multicenter treatment survey for bipolar disorder in psychia- 4 4 Naoto Adachi, Hitoshi Ueda, tric outpatient clinics (MUSUBI) study used a questionnaire administered at 176 clinics 4 Kouji Edagawa, throughout Japan from September to October 2016. Clinic psychiatrists performed Eiichi Katsumoto,4 a retrospective medical record survey of consecutive cases with bipolar disorder. Patients Yukihisa Kubota, 4 were considered to be in remission if they met all of the following criteria: they were not in Eiichiro Goto,4 Seiji Hongo,4 4 a mixed state, their manic or depressive symptoms were either borderline or nonexistent Yoichiro Watanabe, Masaki Kato, 2,5 Norio (corresponding to 2 or 1 points on the Clinical Global Impressions Scale, Bipolar Version), Yasui-Furukori,2,6 and their psychiatrists clinically considered them to be in remission. Enrolled patients were Reiji Yoshimura,2,7 classified into remitters group and non-remitters group and demographic and clinical char- Atsuo Nakagawa, 2,8 acteristics were contrasted between the groups. Non-remitters were compared with remitters, Toshiaki Kikuchi,2,8 using a series of logistic regression analyses.
    [Show full text]
  • Daiwa House Begins Industrialized Building Business in Europe for the First Time: Notice of the Acquisition of Shares in Flexbuild Holding B.V
    December 21, 2020 Press Release Keiichi Yoshii, President, CEO Daiwa House Industry Co., Ltd. 3-3-5 Umeda, Kita-ku, Osaka Daiwa House Begins Industrialized Building Business in Europe for the First Time: Notice of the Acquisition of Shares in Flexbuild Holding B.V. (Making It into a Subsidiary) Daiwa House Industry Co., Ltd. (Head Office: Osaka / President, CEO: Keiichi Yoshii; hereinafter “Daiwa House”) is pleased to announce we entered into a share purchase agreement with the current shareholders of Flexbuild Holding B.V. (hereinafter “Flexbuild”) on December 18, 2020. Flexbuild is the holding company of the Jan Snel Group (hereinafter “Jan Snel”) which sells and rents modular building*1 products – one example of industrialized buildings – in the Netherlands. Upon closing of the transaction, we will make Flexbuild and its operating company Jan Snel into our subsidiaries with this agreement. This will serve as a stepping stone in our full-fledged entry into Europe to begin industrialized building business. We established Daiwa House Europe B.V. (hereinafter “Daiwa House Europe”) in the Netherlands in March 2020. We have now entered into this share purchase agreement with Flexbuild through Daiwa House Europe. *1: This is a construction method in which units are built in a factory and then assembled on-site. Examples of the Modular Building Products of Jan Snel - 1 - 1. Reason for the Share Acquisition The Daiwa House Group is continuing to invest in business while strengthening our overseas business management structure in preparation for changes in the Japanese market environment. We took over Stanley-Martin Communities, LLC, which is involved in the single-family houses business in the eastern part of the United States, as a subsidiary of Daiwa House USA Inc.
    [Show full text]
  • Machine Tool Business Operations
    Briefing session on Air-conditioning & Refrigeration Systems， Paper & Printing Machinery and Machine Tool operations Section 3: Machine Tool Operations September 27, 2007 Ken Watabe Senior Vice President General Manager, Machine Tool Division All copyrights and intellectual property relating to this document belong to Mitsubishi Heavy Industries Ltd. Positioning of machine tool operations Shipbuilding Others & Ocean Mass and Others Aerospace Medium-Lot Manufactured Paper and Machine Machinery Printing Tools Machinery Machinery & Steel S tructures Power S ystems Industrial Machinery Net sales in 2006 Net sales in 2006 (consolidated) (consolidated) ¥219.3 billion Approx. 30% (Figure for the entire (Figure for Industrial company: ¥3,068.5 billion) Machinery: ¥219.3 billion) Other areas: food packaging machinery, injection molding machinery, industrial washing machinery, etc. All copyrights and intellectual property relating to this document belong to Mitsubishi Heavy Industries Ltd. 1 A diverse range of products in line with users’ needs Micro milling machines Special-purpose Gear cutting machines machines Large machines Machining centers Processing bodies and Cylinder blocks/ other large dies/molds mission cases Processing sensors and Molds for plastic other μ components components Transmission Gears for various electrically driven devices Transmission parts Room temperature wafer bonding machines Engine valves Power transmissions Precision cutting tools All copyrights and intellectual property relating to this document belong to Mitsubishi
    [Show full text]
  • JPX-Nikkei Index 400 Constituents (Applied on August 31, 2021) Published on August 6, 2021 No
    JPX-Nikkei Index 400 Constituents (applied on August 31, 2021) Published on August 6, 2021 No. of constituents : 400 (Note) The No. of constituents is subject to change due to de-listing. etc. (Note) As for the market division, "1"=1st section, "2"=2nd section, "M"=Mothers, "J"=JASDAQ. Code Market Divison Issue Code Market Divison Issue 1332 1 Nippon Suisan Kaisha,Ltd. 3048 1 BIC CAMERA INC. 1417 1 MIRAIT Holdings Corporation 3064 1 MonotaRO Co.,Ltd. 1605 1 INPEX CORPORATION 3088 1 Matsumotokiyoshi Holdings Co.,Ltd. 1719 1 HAZAMA ANDO CORPORATION 3092 1 ZOZO,Inc. 1720 1 TOKYU CONSTRUCTION CO., LTD. 3107 1 Daiwabo Holdings Co.,Ltd. 1721 1 COMSYS Holdings Corporation 3116 1 TOYOTA BOSHOKU CORPORATION 1766 1 TOKEN CORPORATION 3141 1 WELCIA HOLDINGS CO.,LTD. 1801 1 TAISEI CORPORATION 3148 1 CREATE SD HOLDINGS CO.,LTD. 1802 1 OBAYASHI CORPORATION 3167 1 TOKAI Holdings Corporation 1803 1 SHIMIZU CORPORATION 3231 1 Nomura Real Estate Holdings,Inc. 1808 1 HASEKO Corporation 3244 1 Samty Co.,Ltd. 1812 1 KAJIMA CORPORATION 3254 1 PRESSANCE CORPORATION 1820 1 Nishimatsu Construction Co.,Ltd. 3288 1 Open House Co.,Ltd. 1821 1 Sumitomo Mitsui Construction Co., Ltd. 3289 1 Tokyu Fudosan Holdings Corporation 1824 1 MAEDA CORPORATION 3291 1 Iida Group Holdings Co.,Ltd. 1860 1 TODA CORPORATION 3349 1 COSMOS Pharmaceutical Corporation 1861 1 Kumagai Gumi Co.,Ltd. 3360 1 SHIP HEALTHCARE HOLDINGS,INC. 1878 1 DAITO TRUST CONSTRUCTION CO.,LTD. 3382 1 Seven & I Holdings Co.,Ltd. 1881 1 NIPPO CORPORATION 3391 1 TSURUHA HOLDINGS INC. 1893 1 PENTA-OCEAN CONSTRUCTION CO.,LTD.
    [Show full text]
  • Integrated Report 2020 Daiwa House Group Integrated Report 2020 30 Chapter Developing Our Businesses
    Chapter Developing our Businesses Business Overview Summary of business Annual performance The Story of the Group’s Value Creation Single-Family Houses Bolstering competitiveness by expanding business opportunities deriving As a pioneer of industrialized construction, we build Houses sold (Domestic) housing infrastructure—the homes so essential to peo- Single-family houses from social issues ple’s wellbeing. Offering a rich product lineup designed (contracting) 5,917 to accommodate all thinkable needs for safe and enrich- Single-family houses Daiwa House Industry has evolved a distinctive business portfolio by addressing social issues through enhanced and expanded value chains ing living environments, we build both subdivisions and (subdivision) 2,066 custom houses. ZEH ratio 41% and broader product variations anticipating future needs. This diverse portfolio and the ability it gives us to draw on Group synergies enable us to offer customers comprehensive business proposals, the ultimate strength that drives our performance and growth. Leveraging this strength, we contribute to society by redeveloping existing communities as well as building whole new ones with a consistent vision. Our Rental Housing Business accommodates diversifying Rental Housing Rental housing units sold rental-housing needs. Our services feature vertically (Domestic) Message from the CEO integrated support from soil evaluation to design, Rental housing (low-rise) 31,334 FY2019 principal performance indices by business segment construction, and handover for landowners
    [Show full text]