FACTS &
FIGURES
2000
Tanaka Che
mical Corpo
rat ion Tana
ka Chemical
Corporat ion
Tanaka Che
mical Corpo
rat ion Tana
ka Chemical
Corporat ion
Tanaka Che
mical Corpo
rat ion Tana
ka Chemical
Corporat ion
Tanaka Che
mical Corpo
rat ion Tana
ka Chemical
Corporat ion
Tanaka Che
mical Corpo
rat ion Tana
kaTanaka C
hemical Cor
porat ion Ta
naka Chemi
cal Corporat
ion Tanaka
Chemical Co
rporat ion Ta
naka Chemi
cal Corporat
ion Tanaka
Chemical Co
P ro f i l e
70
35
1957
Th e c o m m u n ic a t io n s in d u s t r y is c u r r e n t ly u n d er g o in g a t ec h n o lo g ic al r evo lu t io n . Th e elec t ro nic and elec t ric eq uip m ent d riving t his m ovem ent – from m ob ile p hones and lap - t op computers to hybrid cars and satellites – require compact, light and clean energy sources, such as rec h arg eab le b at t eries. Tan ak a C h em ic al Corporation (the “Company”) is exceptionally well p lac ed to b enefit from this revolution. Its main business pillar is the manufacture and sales of material for positive electrodes, a key technology fo r rec h arg eab le b at t eries . Th e C o m p an y is dominant in this field, holding over 70% of the market for Ni- MH (nickel- metal hydride) battery
applications and approximately 35% for lithium-ion battery applicatlithium-ions.
Since its establishment in 1957, the Company h a s h a d a s t r o n g c o m m it m e n t t o R&D , developing its own technologies relating to basic researc h and p rod uc t d evelop ment through to manufacture and quality control. Through these c u t t in g - e d g e t e c h n o lo g ie s , t h e C o m p a n y established a distinct and substantial competitive advantage. Based on its unrivaled know-how the Company will continue to advance the frontiers of rechargeable battery technology, and will explore t h e c o u n t le s s o p p o r t u n it ie s o f f e r e d b y t h e technological revolution.
Classification
Nickel Compounds
Cobalt Compounds
Product
Nickel Hydroxide Ni(OH)2
(Cobalt Coated Products)
Nickel Nitrate Ni(NO3)2.6H2O
Nickel Carbonate mNiCO3.nNi(OH)2.xH2O
Cobalt Hydroxide Co(OH)2
Cobalt Nitrate Co(NO3)2.6H2O
Cobalt Carbonate mCoCO3.nCo(OH)2.xH2O
Cobalt Oxide Co3O4
Cobalt Mono-Oxide CoO
Cobalt Chloride CoCI2.6H2O
Application
Material for positive electrodes for Ni-MH batteries
Material for positive electrodes for Ni-Cd batteries
Metal surface treatment agent
Material for positive electrodes for Ni-MH batteries
Material for positive electrodes for Ni-MH batteries
Material for positive electrodes for Ni-Cd batteries
Catalyst material
Metal surface treatment agent
Additive to material for positive electrodes for Ni-MH batteries
Material for positive electrodes for lithium-ion batteries
Additive to material for positive electrodes for Ni-MH batteries
Additive to material for positive electrodes for Ni-Cd batteries
Catalyst material
Catalyst material
Material for positive electrodes for lithium-ion batteries
Additive to material for positive electrodes for Ni-MH batteries
Catalyst material
Prod uc t List (c ategorized b y ap p lic ation)
C O N T E N T S
Financial Highlights
Operating Results
Profitability
Financial Position
Per Share Data / Per Employee Data
Financial Statements
Corporate Data
14,000
10,500
7,000
3,500
0
/ Millions
6,000
5,000
4,000
3,000
2,000
1,000
0 12,000
10,000
8,000
6,000
4,000
2,000
0
/ Millions / Millions
900
750
600
450
300
150
0
/ Millions Ordinary income
Net income
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
Net sales Ordinary income /
Net income
Total assets Shareholders’ equity
F i n a n c i a l H i g h l i g h t s
For the year
At year-end
Per share
Fiscal year ended
Net sales
Operating income
Ordinary income
Net income
Total assets
Shareholders’ equity
Return on equity
Number of shares outstanding
Net income per share Yen
Shareholders’ equity per share Yen
Cash dividends per share Yen
’95/3
8,369 1,050 878 194
8,495 739 29.99 90,000
2,159.96 8,218.48 100.00
’96/3
9,735 673 432 203
11,256 931 24.29 90,000
2,255.67 10,351.93 100.00
’97/3
10,849 280 106 51
11,589 2,324 3.15 206,000
333.58 11,286.26 100.00
’98/3
12,043 397 610 236
10,164 2,541 9.73 206,000
1,149.42 12,335.68 100.00
’99/3
10,738 57 94 82
7,896 2,964 3.01 246,320
365.32 12,034.87 100.00
’00/3
12,415 528 883 421
11,049 5,790 9.62 5,926,400
83.66 977.02 12.00
14,000
10,500
7,000
3,500
0
/ Millions
/ Millions
1,000
800
600
400
200
0
/ Millions Ordinary income
Ordinary income to net sales
450
300
150
0
/ Millions
4
3
2
1
0 Nickel compounds
Cobalt compounds Others
Net income
Net income to net sales 0
200 400 600 800
0 2 4 6 8
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
Net sales by product sector Ordinary income /
Ordinary income to net sales
Operating income
Fiscal year ended
Net sales by product sector
Nickel compounds
Cobalt compounds
Others
Operating income
Ordinary income
Ordinary income to net sales
Net income
Net income to net sales
’95/3 8,369 5,144 2,184 1,039 1,050 878 10.49 194 2.32
’96/3 9,735 5,137 2,797 1,800 673 432 4.44 203 2.09
’97/3 10,849 5,035 4,290 1,524 280 106 0.99 51 0.47
’98/3 12,043 5,913 5,405 725 397 610 5.07 236 1.97
’99/3 10,738 4,807 5,579 351 57 94 0.88 82 0.77
’00/3 12,415 5,772 6,019 623 528 883 7.11 421 3.39
/ Millions
O p e r a t i n g R e s u l t s
Net income /
Sales-cost composition International official price (LME)
Gross profit / Gross profit ratio
Total assets turnover
Fiscal year ended
Gross profit
Gross profit ratio
Return on assets
Return on equity
Total assets turnover Times
International official price (LME)
Nickel (US$/LB base)
Cobalt (US$/LB base)
’95/3 1,783 21.31 15.88 29.99 1.25
3.20 26.41
’96/3 1,564 16.07 6.92 24.29 0.99
3.66 29.69
’97/3 1,055 9.73 2.47 3.15 0.95
3.35 23.02
’98/3 1,265 10.51 3.71 9.73 1.11
2.90 24.29
’99/3 833 7.76 0.67 3.01 1.19
2.01 19.26
’00/3 1,517 12.22 5.61 9.62 1.31
3.27 16.53
/ Millions
P ro f i t a b i l i t y
Notes: Return on assets = (Operating income + Interest and dividend income) / Total assets (Yearly average) x 100 Return on equity = Net income / Shareholders’ equity (Yearly average) x 100
Total assets turnover = Net sales / Total assets (Yearly average) x 100
/ Millions
/ Millions
/ Millions 6,000
4,000
2,000
0
0 300 600 900 1,200
0 10 20 30 40 50 60
0 200 400 600 800 1,000
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
Shareholders’ equity to total assets Capital expenditure
Interest-bearing debt Cash flows
’95/3 8,495 739 8.71 2,794 1,312 533
-’96/3 11,256 931 8.28 5,577 447 614
-’97/3 11,589 2,324 20.06 5,793 470 531
-’98/3 10,164 2,541 25.00 3,117 807 681
-’99/3 7,896 2,964 37.54 3,362 265 576
-’00/3 11,049 5,790 52.40 1,981 1,175 884 1,371
/ Millions
F i n a n c i a l P o s i t i o n
Fiscal year ended
Total assets
Shareholders’ equity
Shareholders’ equity to total assets
Interest-bearing debt
Capital expenditure
Cash flows
Cash flows from operating income
180
150
120
90
60
30
0
15
12
9
6
3
0
/Times Current ratio
Quick assets to current liabilities
Fixed assets ratio
Fixed assets /
(Shareholders’ equity + Long-term liabilities)
600
500
400
300
200
100
0
0 100 200 300 400
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3
Current ratio /
Quick assets to current liabilities
Debt / Equity ratio
Fixed assets ratio / Fixed assets /
(Shareholders’ equity + Long-term liabilities)
Interest coverage
Fiscal year ended
Current ratio
Quick assets to current liabilities
Fixed assets ratio
Fixed assets / Shareholders’ equity + Long-term liabilities Debt / Equity ratio
Interest coverage Times
’95/3 92.32 55.82 444.16 115.21 377.76 9.74
’96/3 91.66 37.20 377.66 125.00 598.63 5.25
’97/3 98.75 45.35 156.43 102.86 249.20 2.62
’98/3 85.76 52.37 150.15 138.17 122.69 4.32
’99/3 90.46 49.03 121.86 114.30 113.41 1.08
’00/3 165.69 125.05 72.17 60.54 34.22 13.66
D/E
Notes: Current ratio = Current assets (Fiscal year-end) / Current liabilities (Fiscal year-end) x 100
Quick assets to current liabilities = {Cash and time deposits (Fiscal year-end) + Notes receivable, trade (Fiscal year-end) + Accounts receivable, trade (Fiscal year-end) + Marketable securities (Fiscal Year-end)} / Current liabilities (Fiscal year-end) x 100
Fixed assets ratio = Fixed assets (Fiscal year-end) / Shareholders’ equity (Fiscal year-end) x 100
200,000
150,000
100,000
50,000
0
/ Thousands /
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
/
Net income per share Shareholders’ equity per share
/ Thousands 0
2,000 4,000 6,000 8,000 10,000 12,000 14,000
0 1,000 2,000 3,000 4,000 5,000
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
’96/3 ’97/3 ’98/3 ’99/3 ’00/3 ’96/3 ’97/3 ’98/3 ’99/3 ’00/3
Net income per share / Shareholders’ equity per share
Net sales per employee
Cash flows per share
Net income per employee
Fiscal year ended
Net income per share
Shareholders’ equity per share
Cash flows per share
Cash dividends per share
Payout ratio
Number of shares outstanding
Net sales per employee (¥ Thousands)
Net income per employee (¥ Thousands)
Number of employees at fiscal year-end
’95/3 2,159.96 8,218.48 5,922.73 100.00 4.63 90,000 160,949 3,738 52
’96/3 2,255.67 10,351.93 6,829.19 100.00 4.43 90,000 154,535 3,222 63
’97/3 333.58 11,286.27 2,580.14 100.00 40.11 206,000 152,812 723 71
’98/3 1,149.42 12,335.69 3,307.97 100.00 8.70 206,000 162,752 3,200 74
’99/3 365.32 12,034.87 2,341.61 100.00 29.75 246,320 147,105 1,134 73
’00/3 83.66 977.02 149.26 12.00 14.34 5,926,400 146,062 4,956 85
/
Balance Sheets
1 ’95/3 5,210 610 1,239 1,300 -518 771 477 1 264 -26 -3,285 2,635 654 205 1,321 8 16 430 -0 648 8,495 5,644 1,868 1,003 1,255 668 571 143 -10 0 -122 -2,111 870 1,241 -7,756 45 -10 684 470 214 739 8,495 ’96/3 7,737 715 1,206 1,217 -938 2,813 796 9 8 -50 -20 3,518 2,730 592 191 1,480 4 29 430 2 1 786 11,256 8,441 2,075 817 4,190 533 507 98 25 -10 7 37 122 16 1,883 853 1,028 0 -10,324 45 -20 866 600 266 931 11,256 ’97/3 7,952 760 905 1,488 497 611 2,398 1,241 6 4 -51 -15 3,637 2,688 709 60 1,398 8 28 463 19 1 946 11,589 8,053 1,571 415 4,940 510 324 -43 9 9 43 173 12 1,211 343 867 -9,264 719 678 20 907 775 131 2,324 11,589 ’98/3 6,349 1,545 1,025 1,304 1 425 1,082 968 5 5 -3 -17 3,815 3,048 643 53 1,834 8 29 463 15 1 765 10,164 7,403 2,290 1,019 2,790 305 294 228 61 79 9 51 53 207 12 220 22 197 0 -7,623 719 678 30 1,113 821 291 2,541 10,164 ’99/3 4,284 762 669 887 1 425 433 954 4 9 135 -7 -8 3,612 2,819 579 45 1,592 8 27 463 102 1 791 7,896 4,736 568 517 3,340 22 108 -9 11 48 109 -195 -195 0 -4,932 901 861 50 1,151 918 233 2,964 7,896 ’00/3 6,870 1,983 602 1,597 1,001 517 336 766 5 7 -43 17 -9 4,178 3,530 613 50 1,941 5 36 663 218 7 640 11,049 4,146 989 776 690 495 391 435 -11 9 52 295 -1,112 796 175 -140 5,258 1,794 2,412 70 1,513 1,008 504 5,790 11,049 / MillionsFiscal year ended Assets
Current assets:
Cash and time deposits Notes receivable, trade Accounts receivable, trade Marketable securities Products
Raw materials Work in progress Supplies Prepaid expenses Income tax receivable Deferred tax assets Other current assets
Allowance for doubtful accounts
Fixed assets:
Tangible fixed assets Buildings Structures
Machinery and equipment Vehicles for transportation Tools, furnitures and fixtures Land
Construction in progress Intangible fixed assets Investments and other assets
Total assets: Liabilities Current liabilities:
Notes payable, trade Accounts payable, trade Short-term debt
Current portion of long-term debt Accounts payable, other Accrued income taxes Accrued enterprise taxes Accrued consumption taxes Accrued expenses, other Deposits received Accrued bonuses Notes payable, equipment Warrant
Long-term liabilities:
Long-term debt
Long-term accounts payable, other Long-term leasehold deposits received Retirement benefits
Total liabilities: Shareholders’ equity
Common stock
Additional paid-in capital Legal reserve
Retained earnings Voluntary reserve
Unappropriated retained earnings
Total shareholders’ equity Total liabilities and shareholders’ equity
Statements of Income
’95/3 8,369 6,586 1,783 732 1,050 73 9 46 17 245 108 136 -878 -501 377 182 -194 20 -214 ’96/3 9,735 8,171 1,564 890 673 24 9 0 13 265 130 109 26 432 -38 393 190 -203 63 -266 ’97/3 10,849 9,793 1,055 775 280 20 1 1 16 193 107 71 14 106 4 1 109 58 -51 80 -131 ’98/3 12,043 10,777 1,265 868 397 347 1 323 22 135 92 31 11 610 -115 494 257 -236 54 -291 ’99/3 10,738 9,905 833 775 57 95 1 81 11 58 56 1 0 94 17 0 112 -29 -82 150 -233 ’00/3 12,415 10,897 1,517 988 528 393 1 344 47 38 38 -883 -121 762 -451 -109 421 91 -13 5 504 / MillionsF i n a n c i a l S t a t e m e n t s
Fiscal year ended
Net sales
Cost of sales
Gross profit Selling, general
and administrative expenses Operating income Non-operating income Interest income Insurance income Other Non-operating expenses Interest expenses Loss in association with
an anonymous partner Other
Ordinary income
Extraordinary income
Extraordinary expenses
Net income before income taxes
Corporation and inhabitant taxes
Income taxes
Income taxes adjustment
Net income
Unappropriated retained
earnings brought forward Taxes adjustment
C o r p o r a t e D a t a
1957 12 1
17 9,429
5,926,400
3 31
85
1.
2.
3.
4.
EV
GM Ovonic
GPI
SAFT
YDT
2000 3
Name of company: Tanaka Chemical Corporation
Date of establishment: December 1, 1957
Capital: 1794.29 million yen
Number of shares outstanding: 5,926,400
Fiscal year- end: M arch 31
President: Tamotsu Tanaka
Number of employees: 85
Banks: The Bank of Tokyo- M itsubishi, Ltd.
The Fukuho Bank, Ltd.
The Sumitomo Bank, Ltd.
The Sanwa Bank, Ltd.
The Hokuriku Bank, Ltd.
The Fukui Bank, Ltd.
The Fuji Bank, Ltd.
The Industrial Bank of Japan, Ltd.
Business: 1. M anufacture and sale of chemical products for batteries
2. Manufacture and sale of chemical products for metal surface treatment
3. M anufacture and sale of chemical products for catalysts
4. M anufacture and sale of inorganic chemical products
Customers: M atsushita Battery Industrial Co., Ltd.
Toshiba Co., Ltd.
Sanyo Denki Co., Ltd.
Toshiba Battery Co., Ltd.
Panasonic EV Energy Co., Ltd.
Sumisho M etalex Corporation
Printing Bureau, The M inistry of Finance
GM Ovonic
GPI
SAFT
YDT
Suppliers: Mitsubishi Corporation
Sumitomo Corporation
Mitsui & Co., Ltd.
Kinsho Corporation
Nisso Shoji Corporation
Seibu Kasei Co., Ltd.
T a na k a Che m ic a l Corpora t ion
Head Office / Fukui Plant
5-10 Shirakata-cho, Fukui 910-3131 Japan TEL 0776-85-1801 FAX 0776-85-1803
Osaka Branch
