ORIX Corporation (IX) annual results, year to 31 March 2014: revenue JPY 1,375 billion, from the 20-F
ORIX Corporation files a 20-F with the SEC once a year, in yen. In the year to 31 March 2014 it reported revenue of JPY 1,375 billion ($13.7 billion at the year's average rate), up 30.7% on the year before. Its profit attributable to shareholders was JPY 187 billion, up 67.4%, and diluted earnings per share JPY 143.20.
this yearthe year beforeIn yen as filed. Hover a bar for its figure.
Income statement (profit and loss)
Figures in
| Year to | Mar 2013 † | Mar 2014 † |
|---|---|---|
| Revenue | 1,052 | 1,375 |
| Cost of sales | 33.2 | 107 |
| Selling, general and administrative | 226 | 317 |
| Operating profit | 151 | 203 |
| Profit before tax | 173 | 286 |
| Income tax | 53.7 | 98.6 |
| Profit for the year | 119 | 195 |
| Profit attributable to shareholders | 112 | 187 |
| Filing | 20-F | 20-F |
JPY billion, from the 20-F on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
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A line the company does not file under the standard tag is left out rather than estimated.JPY per ordinary share, as filed.
Cash flow
| Year to | Mar 2013 † | Mar 2014 † |
|---|---|---|
| Cash from operations | 391 | 478 |
| Purchase of property, plant and equipment | 10.9 | 48.2 |
| Free cash flow | 380 | 430 |
| Cash from investing | 106 | -215 |
| Cash from financing | -467 | -278 |
| Depreciation and amortisation | 177 | 207 |
| Dividends paid | 9.7 | 15.9 |
| Filing | 20-F | 20-F |
JPY billion. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet
| Year to | Mar 2013 † | Mar 2014 † |
|---|---|---|
| Funded by | ||
| Equity attributable to shareholders | 1,644 | 1,919 |
| Non-controlling interests | 44.0 | 177 |
| Other liabilities | 6,752 | 6,971 |
| Total equity and liabilities | 8,440 | 9,067 |
| Owned | ||
| Goodwill | 126 | 336 |
| Other intangible assets | 90.3 | 384 |
| Cash and cash equivalents | 826 | 818 |
| Inventories | n/a | 106 |
| Other assets | 7,397 | 7,423 |
| Total assets | 8,440 | 9,067 |
| Filing | 20-F | 20-F |
JPY billion, at each fiscal year end.
Ratios on the filed lines
| Year to | Mar 2013 † | Mar 2014 † |
|---|---|---|
| Operating margin | 14.3% | 14.8% |
| Net margin | 10.6% | 13.6% |
| Free cash flow margin | 36.1% | 31.3% |
| Return on year-end equity | 6.8% | 9.8% |
| Effective tax rate | 31.1% | 34.4% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
The exchange rates used
| Year to | Average over the year JPY per US dollar | At the year end JPY per US dollar |
|---|---|---|
| Mar 2008 | 113.92 | 99.85 |
| Mar 2009 | 100.18 | 99.15 |
| Mar 2010 | 92.81 | 93.40 |
| Mar 2011 | 85.52 | 82.76 |
| Mar 2012 | 78.93 | 82.41 |
| Mar 2013 | 82.60 | 94.16 |
| Mar 2014 | 100.09 | 102.98 |
| Mar 2015 | 109.22 | 119.96 |
| Mar 2016 | 119.93 | 112.42 |
| Mar 2017 | 108.00 | 111.41 |
| Mar 2018 | 110.75 | 106.20 |
| Mar 2019 | 110.86 | 110.68 |
| Mar 2020 | 108.70 | 107.53 |
| Mar 2021 | 106.06 | 110.61 |
| Mar 2022 | 112.24 | 121.44 |
| Mar 2023 | 135.17 | 132.75 |
| Mar 2024 | 144.31 | 151.22 |
| Mar 2025 | 152.25 | 149.90 |
| Mar 2026 | 150.48 | 159.08 |
Converted by us, not by the company: the Federal Reserve's daily noon buying rates in New York (H.10), FRED series DEXJPUS.
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Profit and loss, cash flow and EPS use the average of the daily rates over each fiscal year; the balance sheet uses the rate on the year end, or the last one before it. Ratios are the same in either currency. The filed figures are the ones in yen.20-F for the year to 31 March 2014, filed 23 June 2016: the filing. The figures are in yen as filed.