Mikasa Corporation Date of Inquiry : 15-Mar-2018 Reference No. : A -31602 Report Type : Freshly Investigated Company Details Organization Name : Mikasa Corporation Other style : "株式会社ミカサ" 1, Kuchi, Asacho-shi Asakita-ku 731-3362 Hiroshima Hiroshima Address : Japan/JP Country : Japan Phone (S) : 81 82 810 3910 Facsimile : 81 82 810 3915 Email : n/a Website : http://www.mikasasports.co.jp Industry Division : Manufacturing VAT-No : n/a Share Capital : JPY 360,000,000 Paid up Capital : JPY 120,000,000 Capital Structure : 7,200,000 Registered shares of JPY 50 Key Facts Registered Legal : 1, Kuchi, Asacho-shi Asakita-ku 731-3362 Hiroshima Hiroshima Japan/JP Address Operational Address : 1, Kuchi, Asacho-shi Asakita-ku 731-3362 Hiroshima Hiroshima Japan/JP Company No : 2400-01-011682 Legal form : Private Company limited by shares Responsible Register : Hiroshima Legal Affairs Bureau Registration : 13.02.1941 Legal status : active Established : 1941 Line of Business : Consumer goods manufacturing Financial year : 2016 Date of Statutes n/a Employees : 126 Sales : JPY 7,940,531,000 3230 Manufacture of sports goods Industry-code (NACE) : 3299 Other manufacturing n.e.c. Import/Export : n/a Iyo Bank, Ltd., Branch : Hiroshima Banks : Yamaguchi Bank, Ltd., Branch : Hiroshima Hyakujushi Bank, Ltd., Branch : Hiroshima CREDIT INFORMATION/ RATING / RISK ANAYLYSIS Credit Rating : BB Credit Scoring : 58 Average Credit Quality: Credit can proceed Credit Opinion : ONLY on strict financing terms. Proposed Credit Limit : JPY 100,000,000 Revision of Credit Limit : Periodic /quarterly Risk Index : Medium CREDIT RATING AND RISK ASSESSMENT GUIDELINES: A - CREDIT RATING SUGGESTED Rating / REVIEW OF CREDIT DESCRIPTION CREDIT Points LIMT LIMIT AA (81- High Credit Qulaity: Credit can proceed with Large Annual 100) favorable & flexible financing terms. amounts Good Credit Quality: Credit can proceed on a Medium A (61-80) favorable basis but in strict adherence to sized Annual financing terms. amounts Average Credit Quality: Credit can proceed Moderate BB (41-60) Periodic /quarterly ONLY on strict financing terms. amount Fair Credit Quality: Credit can proceed but Small C (21-40) Periodic /quarterly with recommended with partial collateral. amounts New Business / Insufficient Data: Subject may Credit based NB (01-20) be under 12 months old. Monitoring future on n/a progress is advised. collateral No Rating: Insufficient data on the company to NR (00-00) enable a more accurate assessment. Caution is n/a n/a advised. B - RISK ASSESSMENT CREDIT POINTS RISK INDEX INTERPRETATION 0 to 45 High Risk of dealing is relatively of High Level 46 to 69 Medium Risk of dealing is relatively of Moderate Level 70 to 100 Low Risk of dealing is relatively of Low Level Management Mr. Yuji Saeki President and representative director since December 1, 2014 Born on June 18, 1970 Education: Kwansei Gakuin University Home address: 1-1-9, Ushita-naka, Higashi-ku, Hiroshima-shi, Hiroshima 732-0065 Official Administrations Title Name President, Director Saeki, Yuji (佐伯祐二) Citizen: Japan Residential address: 1-1-9, Ushita-naka-shi, Higashi-ku, 732-0065 Hiroshima/Hiroshima, Japan Born: 18.06.1970 Registered since: 01.12.2014 Director Saeki, Taketoshi (佐伯武俊) Citizen: Japan Director Terada, Kikuko (寺田菊子) Citizen: Japan Director Yoshikawa, Fumitake (吉川文隆) Citizen: Japan Executive Position Title Name Auditor Kaihara, Yuji (開原雄二) Citizen: Japan Auditor Saeki, Kunie (佐伯國恵) Citizen: Japan Investments Class: unknown, directly held Name: Mikasa Industries (Thailand) Co., Ltd. City/Country: Pluak Daeng/Rayong, Thailand/TH Class: unknown, directly held Name: Mikasa Sports (Cambodia) Co., Ltd. City/Country: Cambodia/KH Class: unknown, directly held Name: Mikasa USA, Inc. City/Country: United States of America/US Direct owner/-s Class: 0-9%, directly held Name: Kunie Saeki City/Country: Japan/JP No. of shares: 218,916 Interest: 9,10% voting right, 9,10% capital interest Class: 0-9%, directly held Name: Kikuko Terada City/Country: Japan/JP No. of shares: 124,567 Interest: 5,20% voting right, 5,20% capital interest Class: 0-9%, directly held Name: Kenichi Saeki City/Country: Japan/JP No. of shares: 100,000 Interest: 4,10% voting right, 4,10% capital interest Name of shareholders Number of shares (%) Makasa Sports Foundation 800,000 (33.3) Treasury stock 520,136 (21.6) Undisclosed shareholders 636,032 (26.5) Activity The company is engaged in manufacturing balls for sports & athletic games and competitions such as basketball etc and industrial rubber products including bearings of vessels. Suppliers include: Mikasa Industries (Thailand) Co., Ltd. (35%) Kuraray Trading Co., Ltd. Ebakousakusyo Co., Ltd. Chuetsu Metal Co., Ltd. Customers include: Mikasa USA, Inc. Mikasa Industries (Thailand) Co., Ltd. Alpen Co., Ltd. Asics Japan Corp. SSK Corp. Mega Sports Co., Ltd. Operations and Branches: At the address, 1, Kuchi, Asacho, Asakita-ku, Hiroshima-shi, Hiroshima, 731-3362, Japan, we find the head office, factory and registered office of the company. Branches: 6-5-8, Higashi-ueno, Taito-ku, Tokyo 110-0015 9-23, Higashi-kozu-cho, Tennoji-ku, Osaka-shi, Osaka 543-0021 There are sales offices in Nagoya, Sendai, Hiroshima and Fukuoka. Financials Class: unknown, directly held Name: Mikasa Industries (Thailand) Co., Ltd. City/Country: Pluak Daeng/Rayong, Thailand/TH Class: unknown, directly held Name: Mikasa Sports (Cambodia) Co., Ltd. City/Country: Cambodia/KH Class: unknown, directly held Name: Mikasa USA, Inc. City/Country: United States of America/US Consolidation: unconsolidated Industry: Trade/Industry Fiscal year end: 30.11.2017 30.11.2016 Number of months: 12 12 Currency: mil. JPY mil. JPY Balance Sheet Intangible fixed assets 50.0 47.0 Tangible fixed assets 1,525.0 1,552.0 other fixed assets 7,619.0 7,190.0 Fixed assets 9,194.0 8,789.0 other trade accounts 7,739.0 7,597.0 Other current assets 7,739.0 7,597.0 Current assets 7,739.0 7,597.0 Total assets 16,933.0 16,386.0 Capital 120.0 120.0 Other shareholders funds 9,755.0 9,569.0 Total shareholders equity 9,875.0 9,689.0 Other non current liabilities 1,245.0 969.0 Non current liabilities 1,245.0 969.0 other current liabilities 5,813.0 5,728.0 Current liabilities 5,813.0 5,728.0 Shareh. equity, min. int. & liabilities 16,933.0 16,386.0 Profit and loss account Sales 7,940.5 Net sales 7,940.5 Result for the financial year 186.2 Notes Net Current Assets 1,926.0 1,869.0 Employees at year end 126 Legal Actions No legal actions determined. Sanctions List We did not find the company included on the various international sanctions lists, such as the OFAC (Office of Foreign Assets Control), the BIS (Bureau of Industry and Security), the European Union Restrictive measures (sanctions) list, the Export Control Organisation (ECO) of the UK, the Australian Department of Foreign Affairs and Trade. Payment experiences No payment history is available. Remarks The company is a Hiroshima-based time-honored firm and the top supplier of the balls for sports games in the world, of which business origin dates back to May 1917. The company name is also known as the brand name for such professional balls with reputed quality especially for the basketball. A steady performance has by and large been maintained for years thanks to its firmly established business network combined with its strong appeal of the brand name. The sales and net income declined due to a slow business of the bearings of vessels for the Nov. 2016 term though a certain level of the net profit was posted. *** End of Report on Mikasa Corporation ***.