ANNUAL REPORT

Transcription

ANNUAL REPORT

ANNUAL REPORT
2005
Kyosan Electric Mfg. Co., Ltd.
Financial Highlights
257
(2,388)
2.54
3.54
78,215
84,493
68,603
30,867
28,077
26,575
2,947
2,141
1,013
739
6.06
4.95 4.38
4.55
(Millions of yen / %)
77,641
68,824
Total assets / ROA
31,533
28,271
Shareholders' equity /
ROE
1,785
Net income /
Net income to sales
3,323
Operating profit /
Operating profit margin
1,402
67,310
67,092
60,476
55,150
61,237
(Millions of yen)
2,785
Net sales
3.60
1.68 2.66
1.10
0.94
0.37
2.37
1.38
2.20
0.91
0.47
(3.52)
(3.90)
2004
2003
2002
2001
2000
2004
2003
2002
2001
2000
2004
2003
2002
2001
2000
2004
2003
2002
2001
2000
2004
2003
2002
2001
2000
(8.52)
Fiscal Years
Thousands of U.S. dollars
(Note)
Millions of yen
2000
2001
2002
2003
2004
2004
Net sales ............................
¥ 61,237
¥ 55,150
¥ 60,476
¥ 67,092
¥ 67,310
$ 626,790
Operating profit..................
2,785
1,402
2,141
3,323
2,947
27,446
Fiscal Years
Per share (yen):
Net income ....................
(38.00)
4.09
15.23
26.93
10.54
0.10
Shareholders' equity......
422.88
449.89
446.28
490.16
501.12
4.7
Total assets ........................
¥ 68,603
¥ 68,824
¥ 77,641
¥ 84,493
¥ 78,215
$ 728,336
Note: U.S. dollar amounts appearing in this annual report are converted from yen, for convenience only, at the rate of ¥107.39 = $1.00, the rate of
exchange prevailing as of March 31, 2005.
Contents
Financial Highlights
Review of Operations
New Products
History
Product Chronology
Financial Section
Organization / Directors, Officers and Statutory Auditors
Company Information
01
02
03
05
06
07
10
11
For consistency with Japanese financial statements, "Fiscal Year 2004"
in this annual report shall refer to the year ended March 31, 2005.
Kyosan Electric Mfg. Co., Ltd. 2005 Page 01
Review of Operations
Signal Systems Business
all types of equipment in our Road Traffic Monitoring and
Control Systems - LED traffic signal units, LED signboards
and so on, suffered a decline in orders and sales
compared to the previous period.
Over the coming ten years, the Company will
vigorously champion the cause of LED conversion of traffic
signals, and we predict that the whole country will adopt
the system, greatly stabilizing our domestic business.
Railway Signal Systems
The Railway Signal Systems underpinning our Signal
Systems business traces its history back to 1921, when we
developed the nation's first electronic signaling system.
Since then, we have achieved successive results as a
pioneer in railway control and safety. Our systems operate
on the side of safety, preventing accidents in the case of a
In consideration of the situation described above, overall
breakdown, as we pursue the "failsafe" principle that is the
the Signal Systems business recorded a fall in both orders
pre-eminent concept in railway signaling. Moreover,
and net sales, to stand respectively at ¥46,490 million (a
Kyosan implements research and development directed
year-on-year decline of 19.3%) and ¥55,028 million (a yeartoward constant improvement and usability.
on-year decline of 2.4%).
Results for the current fiscal year in our Railway Signal
Systems are affected by continuing stagnation after several
Electronic Appliances Business
years of bad economic news. Increasing competition has
meant that prices have been restructured downwards, and
Power Converters
the business environment continues to be harsh. In these
Having cultivated and mastered semiconductor-applied
circumstances, our orders received were slightly down in
technology, we have developed power generation
the same period of the previous year, although there was
equipment that supplies the power needed to support safe,
an increase in net sales.
high-speed signaling for rail and
There is a pause in plans
Sales by Segment (Consolidated Basis)
road signaling systems, meeting
for new railway lines in Japan in
the demand for increasingly
the immediate future, but
higher speeds of network
heightened awareness of
communication in the digital age.
derailments has presented an
Sales
Signal
Electronic
By developing RF and other
opportunity for automatic train
¥12,282
¥55,028
¥67,310
Systems
Appliances
(18.2%)
(81.8%)
cutting-edge systems for all
stop (ATS), automatic train
(100%)
Business
Business
kinds of power units, we have
control (ATC) and other railway
contributed greatly to the
control systems to enhance
electronic appliance industry.
safety integrity, in addition to
(Millions of yen)
Healthy capital investment by
which strong demand from
makers of digital electronic appliances and other
overseas, with a particular focus on Southeast Asia, should
manufacturers, resulted in increases in both orders and net
strengthen the position for systems makers and their
sales over the previous period. Servicing orders for power
suppliers.
units for communications equipment increased, however,
overall net sales fell due to lower investment by gas and
Road Traffic Monitoring and Control Systems
electricity companies. Sales and orders rose for industrial
Our involvement with road traffic monitoring and control
power units, supported by an increase in demand for liquid
systems began in 1931, when we installed Japan's first
crystal display (LCD) production equipment.
traffic signal systems in Kyobashi and Ginza. Our goal is
for society's transportation to be accident and congestionOther Equipment
free, reliable and comfortable. We offer a wide selection of
Specialty machine tools, display systems and control
traffic control and monitoring devices–from our flagship
systems were down in sales and orders.
comprehensive control system to traffic signal terminal
units and every kind of roadside sign.
Overall, both orders and sales increased to ¥11,458 million
Although a number of road safety projects were
(a year-on-year increase of 7.1%) and ¥12,282 million (a
carried out under legislation aimed at improving the social
year-on-year increase of 14.7%), respectively.
infrastructure, financial difficulties at the national and
With the trend toward recovery in investment in the
prefectural level caused many projects to be delayed or
electrical appliances industry, we pledge our best efforts to
have their budgets revised or reduced, and the harsh
develop products at the forefront of market needs.
business environment during this period has affected our
results. Against this backdrop, and despite our best efforts,
New Products
Railway Signal Division
Signal System for the Tobu-Kyuryo Line (Linimo)
● High Speed Surface Transport (HSST*) system utilized on an operating railway line for the first time, providing for
environmentally friendly urban transport
The Tobu-Kyuryo railway line began operating in March 2005, employing Japan's
first HSST rail system propelled by linear motor and drawing the attention of the
world for ushering in a new era in rail transport. The magnetically levitated railway
was used for access to the Aichi World Expo, held in 2005. Kyosan provided the
total signal system for the railway line.
* An HSST railcar is propelled by a linear motor along a track over which it magnetically levitates without using any wheels.
Singapore: Punggol Light Rail Transit (LRT) (Automated People Mover Signal System)
● Delivery of fully automated transport systems for large international airports and
new towns (planned communities) through active overseas business development
Signal systems delivered by Kyosan are highly evaluated in overseas markets for
the their excellent reliability and safety. Kyosan's cutting-edge system serving
Singapore's Punggol 21 New Town commenced operation from January 2005.
Electronic Interlocking Device for Export
● Integration of elemental technology to realize a wide array of systems for many applications
Kyosan's interlocking devices, composed of failsafe electronic devices with route control and locking
functions, are delivered in large quantities to China, India and other countries. Appreciated for its
high safety and integrity, the K5B-type electronic interlocking device has been applied in South
Korea's Busan Subway Line 3, which crisscrosses the city.
Gap-Filler
● Barrier free products utilizing advanced technology for creating safe and comfortable spaces
Kyosan created gap-filler systems for Nakano-shimbashi and Nakanofujimicho Stations on the Tokyo Metro Marunouchi Subway Line. The systems
close the gaps between the platform and the railcar when trains are stopped
at the stations, helping to prevent incidents of falling. Installation of systems
integrating gap-fillers and half-height platform screen doors is increasing
with the growing concerns regarding public safety measures.
Half-height platform
screen doors
Gap-filler
Traffic Control Systems Division
Slim LED Traffic Signal Units
● LED signal market surging; LED signals contribute to enhanced roadway environments
LED traffic signal units are becoming more popular in Japan. Kyosan has
developed LED traffic signals that are approximately 1/3 the thickness of
standard units (Kyosan data), and weigh approximately 20 kg, making them
thinner and lighter than conventional units. We also plan to release new
products for pedestrian crossing applications.
New U-shaped Traffic Signal Control Equipment
● Initiatives to create safe and comfortable traffic environments lead to development of new signal control algorithms
Kyosan has developed a next-generation signal control system that minimizes
lags in the provision of traffic information and achieves optimal control to match
the ever-changing flow of traffic. These systems allow for focused control from
traffic management centers, enable advance signal control based upon traffic
flow data, and feature functions for gathering and storing traffic condition data,
as well as for providing optimal signal control during traffic jams.
Power Converter Division
RF Generator
● High-performance power-source equipment is meeting the needs for larger volumes and more compact,
lightweight equipment
RF generators, the core product of the Power Converter Division, are power sources
that provide high-frequency power in the production processes for integrated
circuits and other semiconductors, LCDs, and optical discs such as CDs and DVDs.
Kyosan is expanding its product lineup in accordance with the needs of
manufacturers of LCDs and manufacturers of equipment to produce semiconductors.
New lineup
Larger volume
• 13.56MHz-40kW
• 4MHz-30kW
Compact/lightweight equipment (volume and mass
reduced by 50% compared with conventional
products)
• 13.56MHz-5kW
13.56MHz-5kW
13.56MHz-40kW
4MHz-30kW
History
1917 Company established as Tokyo Denki Kogyo Co., Ltd. in Kanda-Awajicho, Tokyo. Commenced manufacturing and sale
of electro-medical apparatus and other electrical machinery and devices.
1923 Tokyo Office established.
1926 Company name changed to Kyosan Electric Mfg. Co., Ltd.
1928 Constructed and transferred Head Office and Factory to the present location.
Merged limited partnership Kyosan Shokai and Nippon Electric Application Co., Ltd.
1942 Nagoya District Office (currently Nagoya Branch) established.
1945 Osaka Factory (currently Osaka Customer Center) established.
1947 Kyosan Seiki Co., Ltd. established.
1949 Stock listed on the Tokyo Stock Exchange.
1952 Kyushu Satellite Office (currently Kyushu Branch) established.
1957 Nihon International Seiryuki Co., Ltd. (currently Nihon Inter Electronics Corporation) established.
1961 Stock listed on the First Section of the Osaka Securities Exchange.
Kyosan Metal Industry Co., Ltd. established.
1962 Tokyo Office transferred to the present location.
Kyosan Koji Co., Ltd. (currently Kyosan Engineering and Construction Co., Ltd.) established.
1964 Kyosan Kogyo Co., Ltd. established.
1965 Sendai Sales Branch (currently Sendai Branch) established.
1966 Nagoya Electric Engineering Co., Ltd. (currently Meielec Co., Ltd.) established jointly with Nagoya Railroad Co., Ltd.
1970 Hiroshima Sales Branch (currently Hiroshima Branch) established.
Kyosan Chemical Industry Co., Ltd. established.
1971 Sapporo Sales Branch (currently Sapporo Branch) established.
Taiwan Kyosan Co., Ltd. established in Taiwan.
1972 Shikoku Sales Branch (currently Shikoku Branch) established.
Kyosan Engineering Service Co., Ltd. established.
1976 Osaka Branch and Osaka Factory (currently Osaka Customer Center) transferred to the present location.
1979 Nagano District Office (currently Nagano Branch) established.
1983 Kyosan System Co., Ltd. established.
1984 Partial ownership of Osaka Rectifier Co., Ltd. acquired, making the company a Kyosan affiliate.
1985 Swiss franc convertible bonds issued.
1988 Swiss franc convertible bonds issued with preemptive rights.
1990 Sueyoshi business center established.
1993 Capitalization increased to ¥6.27 billion (amortization of bonds with preemptive rights completed).
Product Chronology
1917 Company established
1920 ★ 2-way 3-position track relay for alternating current
1921 ★ Electric railway signal device
★ Impedance bond
1923 ★ Electromechanical interlocking device
1925 ★ Level crossing alarm device
★ Electric point machine
1926 ★ Electrical interlocking device
1930 Automatic blocking device for single tracks
1931 ★ Cuprous oxide rectifier
Traffic signal
Small automobile (type: Kyosan)
1932 Trim arm type ATS device
1933 Relay interlocking equipment
1936 ★ CTC system
1938 Systematic traffic signal controller
1943 Car retarder
1950 ★ Selenium rectifier
1951 Time code type CTC system
1954 Type B cab warning device
1956 AF track circuit device
1958 ★ Silicon rectifier
Type A and C cab warning devices
Multistage systematic traffic signal controller
1962 Type S ATS device
1963 ATC system for the Tokaido Shinkansen Line
1964 ★ Automatic-response systematic traffic signal
controller
1965 Programmed traffic control (PTC) system
1967 Various types of ATS devices
1968 Transfer machine
1969 Total traffic control (TTC) system
1970 Ultrasound vehicle detector
1972 Parking meters
Power supply for satellite communication earth
stations
1973 ATC system for the Sanyo Shinkansen line
1974 Computerized TTC system
Traffic control system
Power supply for electronic exchanges (DEX)
1976 Destination announcement device
1977 Cab signal type ATC system
Large-capacity CVCF power supply
Skypower
Noninsulated track circuit device
1978 ATC systems for the Tohoku and Joetsu Shinkansen
Lines
Centrally monitored multistage systematic controller
1980 Doppler type vehicle detector
VVVF power supply
Clear-up fuse
1981 ★ Signal security device for new transportation
systems for medium-volume transport (ATO and others)
Roadside type variable signboards
1982 Computer-based centrally controlled train control
device for Amtrak (U.S. railroad company)
1983 Type A centrally controlled traffic signal
High-frequency, large-capacity converters
1984 ★ Electronic interlocking device
1985 Lapping machine
1986 Semi-free pattern type information panel controller
Solid-state, high-voltage power supply
LED signboard
1987 ★ Central control system for parking meters
1988 ★ Resistive type magnetic levitation High Speed
Surface Transport (HSST) control device
Train timetable creation support device
Solid-state RF generator
1989 Export of a traffic control system to Shenzhen, China
Power supply for mobile communications
1991 Digital ATC system
1993 Airport passenger information system
Multifunctional digital RF generator
Programmed route control (PRC) system
1994 Multifunctional digital DC converter
1995 ISO 9001 certification granted for Power Converter
Division
1996 ISO 9001 certification granted for Railway Signal
Division and Traffic Systems Division (currently
Traffic Control Systems Division)
1996 Electronic interlocking device for export
1998 ★ Integrated electronic interlocking device for route
segment
Traffic control ITS equipment for the Nagano Olympics
2000 Half-height platform screen door
2002 ISO 14001 certification
2003 ★ Combined type electric switch machine
2004 ★ Gap-filler
2005 ★ Signal system for magnetic levitation HSST is put
into revenue operation
★ World first or first in Japan
Financial Section
Consolidated Balance Sheets
Kyosan Electric Mfg. Co., Ltd. and Consolidated Subsidiaries
As of March 31, 2005, 2004 and 2003
Millions of yen
ASSETS
Current assets:
Cash on hand and in bank ..........................................................
Notes and accounts receivable ...................................................
Allowance for doubtful accounts .................................................
Inventories ....................................................................................
Other current assets ....................................................................
Total current assets .............................................................
FY2002
FY2003
FY2004
FY2004
¥ 7,903
26,154
(42)
19,928
855
54,798
¥ 7,849
24,034
(14)
25,511
1,045
58,425
¥ 6,533
22,788
(18)
22,804
1,038
53,145
$ 60,834
212,197
(166)
212,344
9,672
494,881
Property, plant and equipment:
Land .............................................................................................
Buildings and structures ..............................................................
Others ..........................................................................................
Property, plant and equipment - net ....................................
6,166
2,110
1,589
9,865
6,166
2,031
1,774
9,971
3,939
2,230
1,964
8,133
36,677
20,764
18,292
75,733
Intangible assets ............................................................................
211
401
393
3,667
Investments and long-term receivables:
Long term loans receivables .......................................................
Investment securities ...................................................................
Allowance for doubtful accounts .................................................
Other investments and long-term receivables ............................
Total investments and long-term receivables .....................
Total assets.....................................................................................
49
8,256
(56)
4,518
12,767
¥ 77,641
52
12,158
(70)
3,556
15,696
¥ 84,493
51
13,156
(72)
3,409
16,544
¥ 78,215
Millions of yen
LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS' EQUITY FY2002
LIABILITIES
Current liabilities:
Short-term bank loans ..................................................................
Notes and accounts payable .......................................................
Accrued income taxes .................................................................
Other current liabilities .................................................................
Total current liabilities ..........................................................
476
122,501
(668)
31,746
154,055
$ 728,336
FY2003
FY2004
FY2004
¥ 11,338
16,217
1,211
3,763
32,529
¥ 12,404
18,501
1,339
5,331
37,575
¥ 11,670
13,154
839
5,088
30,751
$ 108,672
122,487
7,810
47,385
286,354
61,117
80,044
4,948
Long-term liabilities:
Long-term debt ............................................................................
Employees' retirement allowances ..............................................
Allowance for retirement benefits for directors
and statutory auditors ..................................................................
Other long-term liabilities .............................................................
Total long-term liabilities ......................................................
6,767
9,310
6,196
8,867
6,563
8,596
705
7
16,789
742
6
15,811
532
10
15,701
97
146,206
Total liabilities.................................................................................
¥ 49,318
¥ 53,386
¥ 46,452
$ 432,560
MINORITY INTERESTS ..................................................................
246
240
230
2,140
SHAREHOLDERS' EQUITY:
Common stock .............................................................................
Capital surplus .............................................................................
Retained earnings ........................................................................
Net unrealized gains on securities...............................................
Foreign currency translation adjustment .....................................
Treasury stock ..............................................................................
Total shareholders’ equity.....................................................
Total liabilities, minority interests and shareholders' equity ...
6,270
4,667
16,057
1,174
(77)
(14)
28,077
¥ 77,641
6,270
4,667
17,346
2,691
(88)
(19)
30,867
¥ 84,493
6,270
4,667
17,552
3,146
(80)
(22)
31,533
¥ 78,215
58,388
43,460
163,439
29,292
(742)
(201)
293,636
$ 728,336
Consolidated Statements of Income
For the years ended March 31, 2005, 2004 and 2003
Millions of yen
FY2002
FY2003
FY2004
FY2004
Net sales ..........................................................................................
Cost of sales ...................................................................................
Gross profit ...................................................................................
¥ 60,476
49,147
11,328
¥ 67,092
54,624
12,467
¥ 67,310
55,383
11,927
$ 626,790
515,720
111,070
Selling, general and administrative expenses ............................
9,187
9,143
8,980
83,624
Operating profit ..............................................................................
2,141
3,323
2,947
27,446
61
291
352
62
356
418
79
450
529
736
4,194
4,930
225
57
282
248
117
365
237
119
357
2,211
1,117
3,329
Non-operating profit:
Dividend income ..........................................................................
Other non-operating profit ...........................................................
Total non-operating profit ....................................................
Non-operating expenses:
Interest expenses ........................................................................
Other non-operating expenses ...................................................
Total non-operating expenses .............................................
Ordinary profit ................................................................................
Extraordinary gains .......................................................................
Extraordinary losses .....................................................................
Income before income taxes.........................................................
Income taxes ..................................................................................
Others ..............................................................................................
Net income ......................................................................................
2,211
50
143
2,118
1,268
(164)
¥ 1,013
3,376
–
191
3,184
1,592
(192)
¥ 1,785
3,119
786
2,769
1,136
912
(515)
¥
739
29,048
7,325
25,787
10,587
8,497
(4,799)
$ 6,889
Consolidated Statements of Cash Flows
For the years ended March 31, 2005, 2004 and 2003
Millions of yen
Cash flows from operating activities ...........................................
FY2002
FY2003
FY2004
¥ 2,325
¥ 2,319
¥
Cash flows from investing activities............................................
(1,155)
Cash flows from financing activities............................................
2,039
Effect of exchange rate changes on cash and cash
equivalents .....................................................................................
(3,390)
53
(1)
(1)
FY2004
(117)
$ (1,098)
(375)
(3,493)
(810)
(7,551)
0
5
Increase (decrease) in cash and cash equivalents ....................
3,207
(1,019)
(1,303)
(12,136)
Cash and cash equivalents at the beginning of the period ......
3,579
6,959
5,939
55,309
Increase in cash and cash equivalents due to the inclusion
of certain subsidiaries in the scope of consolidation ...............
172
–
–
–
Cash and cash equivalents at the end of the period .................
¥ 6,959
¥ 5,939
¥ 4,636
$ 43,173
Notes to Consolidated Financial Statements
As of March 31, 2005
method for Kyosan and domestic consolidated
1. Scope of consolidation
(1) Number of consolidated subsidiaries: 8
subsidiaries and the straight-line method for
Principal consolidated subsidiaries: Kyosan
other subsidiaries. However, buildings (excluding
Engineering and Construction Co., Ltd., Kyosan Seiki
associated structures and facilities) acquired
Co., Ltd.
after April 1, 1998, by Kyosan and domestic
(2) Number of non-consolidated subsidiaries: One
consolidated subsidiaries are based on the
Total assets, net sales, profit and retained earnings
straight-line method. The service life of main
of the non-consolidated subsidiary have no
buildings is as follows:
significant impact on the consolidated financial
• Buildings and structures: 3 to 50 years
statements.
• Others: 2 to 20 years
➁ Intangible assets: Straight-line method
Software for in-house use is based on the
2. Application of the equity method
(1) Number of affiliated companies accounted for by
the equity method: 1
straight-line method over the expected life of fiveyears.
Name of the affiliated company: Nihon Inter
Electronics Corporation
5. Evaluation of consolidated subsidiaries' assets and
(2) Total consolidated net income and loss (equity
liabilities
equivalent) and retained earnings (equity equivalent)
Assets and liabilities of consolidated subsidiaries are
of one non-consolidated subsidiary not accounted
evaluated at fair value.
for by the equity method and one affiliated company
have no significant impact on the consolidated
6. Depreciation of goodwill
financial statements. In this context, Kyosan does not
Goodwill is depreciated evenly over five years.
apply the equity method when accounting for the
aforementioned companies. Kyosan accounts for
7. Appropriations of profit
these companies using the cost accounting method.
Statements of consolidated surplus are calculated based
on appropriations settled during the consolidated
accounting year.
3. Fiscal years of consolidated subsidiaries
Closing dates of consolidated subsidiaries are the same as
Kyosan, the parent company.
8. Scope of cash and cash equivalents
Cash and cash equivalents are comprised of cash on
hand, bank notes and short-term investments that are due
4. Significant accounting policies
(1) Accounting standards and evaluation of important
within three months of the acquisition date, and are highly
assets
liquid, easily convertible, and pose a minimal risk in terms
➀ Marketable securities
of price fluctuation.
Securities held to maturity
• Amortized cost method (straight-line method)
Changes to Accounting Procedures
Other securities
• Securities with actual values: market value
Accounting Standard on Impairment of Fixed Assets
method based on the market value on the
For the fiscal year ended March 31, 2004, Kyosan
settlement date
introduced accounting standards for the impairment of
(Net unrealized gains and losses on other
fixed assets presented in the "Accounting Standard for
securities are reported directly to shareholders'
Impairment of Fixed Assets" ("Comments on the
equity. The cost of these securities is
Accounting Standard for Impairment of Fixed Assets" by
calculated based on the moving-average cost
the Business Accounting Council in Japan, issued on
method.)
August 9, 2002) and the "Guidance for Accounting
• Securities without actual values: cost basis
using the moving average method
Standard for Impairment of Fixed Assets" (Accounting
Standards Board of Japan, Financial Accounting
➁ Inventories
Standards Implementation Guidance No. 6, issued on
Finished goods and work-in-process: cost basis
October 31, 2003). As a result, net income before income
using the identified cost method
taxes decreased by ¥2,368 million.
Semi-finished goods and raw materials: cost
Cumulative impairment is directly deducted from
basis using the gross average method
each asset in accordance with revised regulations
(2) Depreciation of important depreciable assets
concerning the preparation of financial statements.
➀ Property, plant and equipment: declining-balance
Organization / Directors, Officers and Statutory Auditors
Development Center
Planning Center Dept.
Management Dept.
Planning Dept.
Basic Technology Development Dept.
Board of Directors
Quality Reinforcement Promotion Dept.
Project Management Dept.
Installation Management Dept.
President
1st Sales Dept.
Railway Signal Division
2nd Sales Dept.
4th Sales Dept.
Management Council
Overseas Dept.
Development Dept.
Signal Systems Engineering Dept.
Information Technology Designing Dept.
Manufacturing Planning Dept.
Manufacturing Dept.
Internal Auditing Office
Quality Control Dept.
Corporate Planning Office
Management Dept.
Sales Generalization Dept.
Business Development Center
Traffic Control Systems Division
Traffic Control Systems Sales Dept.
Traffic Control Systems Designing Dept.
Compliance Dept.
Traffic Control Systems Quality Control Dept.
Machinery Dept.
General Affairs Dept.
Business Headquarters
Management Dept.
Sales Dept.
Finance & Accounting Dept.
Power Converter Division
Designing Dept.
Manufacturing Control Dept.
Technical Quality Management Center
Manufacturing Dept.
Quality Control Dept.
OA System Center
General Affairs Dept.
1st Sales Dept.
Osaka Branch Office
2nd Sales Dept.
3rd Sales Dept.
4th Sales Dept.
Board of Auditors
Sapporo Branch
Statutory Auditors
Sendai Branch
Nagoya Branch
Nagano Branch
Hiroshima Branch
Kyushu Branch
Shikoku Branch
Industrial Engineering Dept.
Purchasing Dept.
Products Custody Dept.
Directors and Statutory Auditors
President: Tsutomu Nishikawa
Director: Morimasa Sumi
Director: Toshinori Morikawa
Director: Koichi Kawamura
Executive Officers and Officers
CEO: Tsutomu Nishikawa
Senior Executive Officer: Morimasa Sumi
Executive Officer: Toshinori Morikawa
Executive Officer: Koichi Kawamura
Executive Officer: Hiroshi Takahashi
Executive Officer: Sadatsuna Watanabe
Executive Officer: Kazuo Hinata
Director: Hiroshi Takahashi
Director: Sadatsuna Watanabe
Director: Kazuo Hinata
Statutory Auditor: Yasumasa Inaba (standing)
Statutory Auditor: Seiji Kurita
Statutory Auditor: Michihiro Hiraoka
Statutory Auditor: Hidehiro Yokoyama
Officer: Yasuhiro Tsunoda
Officer: Shohei Sato
Officer: Shusho Miyata
Officer: Hiroaki Amemiya
Officer: Shigenobu Nishida
Officer: Kazuaki Miyazaki
Officer: Kanichiro Kaminishi
Officer: Tsutomu Kanno
(As of June 29, 2005)
Company Information
Company name:
Established:
September 1917
Capitalization:
¥6.27 billion
Number of employees: 1,050
Address:
2-29-1 Heian-cho, Tsurumi-ku,
Yokohama 230-0031
Tel: (045) 501-1261
http://www.kyosan.co.jp
Major Products:
Railway Signal
Systems
Traffic operation control systems (CTC, PRC, PTC, TTC), electronic interlocking device, relay
interlocking equipment, train control systems (ATS, ATC, ATO), train detection systems
(Commercial, AF Track Circuit, NIT), overrun stoppers, departure control equipment, safety
information transmission equipment (transponder), railway signal monitoring equipment (ATC,
electronic interlocking, wayside equipment), diagram creation support systems, level crossing
protection equipment (electronic crossing signal control, constant alarming time length device,
motor operated crossing gate, crossing obstruction detection devices), inplant railway
transportation control systems (wagon number detection, automatic train detection), test
equipment (ATC, ATO, ATS), signaling equipment (electric point machine, car stopper, track
circuit, relays, signals, impedance bonds), new transportation system, magnetic levitation
linear motorcar system, destination information display system, automatic announcement
equipment
Road Traffic Control
Systems
Traffic control systems (advanced traffic control, traffic information transmission, public vehicle
priority subsystem), traffic signal control equipment, LED traffic signal units, vehicle detecting
devices, optical beacons, LED signboards, road information sensors, vehicle approach
signboards, SS radio transmission equipment, variable signboards, parking meters, LED
mobile signboard cars, small LED mobile signboards, crossing buttons for vulnerable
pedestrians, pedestrian audio assistant buttons, pedestrian support equipment, ITS related
equipment
Power Converters
Power supplies for communications equipment, frequency transformation equipment,
uninterruptible power supplies, high-capacity high-frequency (RF) galvano-power supply
equipment, RF power supplies, power supplies for high-frequency induction heating
apparatus, power supplies for electric precipitators, electrical drainage equipment, clear-up
fuses
Other Equipment
Information display systems, bus control systems, seat booking systems, train approach
illumination equipment (thread line), falling object sensor equipment, various control systems,
half-height platform screen doors, fall prevention equipment, various sensors for auto doors
(mat switches), lapping machines, targeting equipment, amusement facility control systems,
entry/exit control systems, other electronic appliances
Abbreviations
AF:
ATC:
ATO:
ATS:
CTC:
Audio Frequency
Automatic Train Control
Automatic Train Operation
Automatic Train Stop
Centralized Traffic Control
CVCF:
DEX:
HSST:
NIT:
PRC:
Constant Voltage Constant Frequency
Dendenkosya Electronics eXchanger
High Speed Surface Transport
Non Insulated Track Circuit
Programmed Route Control
PTC:
RF:
TTC:
VVVF:
Programmed Traffic Control
Radio Frequency
Total Traffic Control
Variable Voltage Variable Frequency
Offices and Factories:
Subsidiaries and Affiliates:
Head Office and Factory
2-29-1 Heian-cho, Tsurumi-ku, Yokohama 230-0031
TEL. (045) 501-1261 FAX. (045) 503-1561
Kyosan Seiki Co., Ltd.
Manufacture and sales of traffic signals, railway signals, etc.
2-10-5 Kami-sueyoshi, Tsurumi-ku, Yokohama 230-0011
TEL. (045) 575-8880
Tokyo Office
3-4-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005 (New Nisseki Building)
FAX. (03) 3211-2450
General Affairs Department
Finance & Accounting Department
1st Sales Department
TEL. (03) 3212-0451
TEL. (03) 3214-8111
TEL. (03) 3214-8121
TEL. (03) 3214-8131 – 3
TEL. (03) 3214-8124 – 6
TEL. (03) 3214-8165
TEL. (03) 3214-8122 / 8136
2nd Sales Department
4th Sales Department
Overseas Department
Traffic Control Systems Sales Department /
Sales Generalization Department
TEL. (03) 3214-8141 – 3
Machinery Sales Department
TEL. (03) 3214-8161
Power Converter Division Sales Department TEL. (03) 3214-8151
Sueyoshi Office Traffic Control System Division
TEL. (045) 575-8861 FAX. (045) 575-1844
Osaka Branch Office
14-25 Naniwa-cho, Kita-ku, Osaka 530-0022 (Nihon Seimei Tenroku
Building)
FAX. (06) 6374-0234
General Affairs Department
1st Sales Department
2nd Sales Department
3rd Sales Department
4th Sales Department
TEL. (06) 6374-2551
TEL. (06) 6374-2552 / 2556
TEL. (06) 6374-2553
TEL. (06) 6374-2555
TEL. (06) 6374-2557
Sapporo Branch
5-2-7 Kita Ichijo Nishi, Chuo-ku, Sapporo 060-0001 (Kogin Building)
TEL. (011) 271-2771 FAX. (011) 222-5352
Sendai Branch
4-10-3 Chuo, Aoba-ku, Sendai 980-0021 (Sumitomo Seimei Sendai
Building)
TEL. (022) 262-3245 FAX. (022) 223-5708
Nagoya Branch
1-1-4 Meieki, Nakamura-ku, Nagoya 450-6033 (JR Central Towers)
TEL. (052) 582-5811 FAX. (052) 582-5816
Nagano Branch
2-12-1 Minami Chitose, Nagano 380-0823 (Akusa-Shinwa Shoji Nagano
Building)
TEL. (026) 228-5149 FAX. (026) 228-5329
Hiroshima Branch
1-16 Kami Osuka-cho, Higashi-ku, Hiroshima 732-0056 (Kotsu Kaikan
Building)
TEL. (082) 261-2157 FAX. (082) 264-4166
Kyushu Branch
3-2-8 Hakata Ekimae, Hakata-ku, Fukuoka 812-0011 (Sumitomo Seimei
Hakata Ekimae Building)
TEL. (092) 451-4621 FAX. (092) 472-3357
Shikoku Branch
1-1-5 Ban-cho, Takamatsu 760-0017 (Nihon Seimei Takamatsu
Building)
TEL. (087) 851-2751 FAX. (087) 851-2770
Osaka Customer Center
2-12-8 Nagao Kagumachi, Hirakata 573-0102
TEL. (072) 855-2333 FAX. (072) 850-1163
Nihon Inter Electronics Corporation
Manufacture and sales of silicon rectifier elements, silicon controlling
rectifier elements, silicon diodes, etc.
1204 Soya, Hadano, Kanagawa 257-8511
TEL. (0463) 82-1111
Kyosan Metal Industry Co., Ltd.
Manufacture, sales and repair of railway cars, machinery and their
parts, as well as other metal products, and installation of various
machine plant
1-40-19 Komatsubara, Zama, Kanagawa 228-0002
TEL. (046) 253-2611
Kyosan Engineering and Construction Co., Ltd.
Design and installation of railway signal security facilities
2-36-20 Minami-rokugo, Ota-ku, Tokyo 144-0045
TEL. (03) 5744-3111
Kyosan Kogyo Co., Ltd.
Sales of office equipment and supplies; damage insurance agency
2-29 Heian-cho, Tsurumi-ku, Yokohama 230-0031
TEL. (045) 503-8187
Kyosan Chemical Industry Co., Ltd.
Manufacture and sales of printed wiring boards and various plating
coatings
2-102 Asahi-cho, Tsurumi-ku, Yokohama 230-0033
TEL. (045) 503-8188
Taiwan Kyosan Co., Ltd.
Manufacture and export of signal relays
No. 3-1, Chien Kuo Rd., Taichung Export Processing Zone, Taichung,
Taiwan, Republic of China
TEL. +886-4-2532-1191 / 1192
Kyosan Engineering Service Co., Ltd.
Design, installation inspection, maintenance, manufacture and sales of
signal security facilities and electric equipment
2-29-5 Heian-cho, Tsurumi-ku, Yokohama 230-0031
TEL. (045) 501-6304
Kyosan System Co., Ltd.
Development of computerized systems, and computer systems design
and programming under consignment
Design, manufacture and sales of computer peripherals and terminal
units
TEL. (045) 585-0731
Osaka Rectifier Co., Ltd.
Design, manufacture and sales of semiconductor power supplies
4-10-37 Torikaikami, Settsu, Osaka 566-0062
TEL. (0726) 53-0221
Meielec Co., Ltd.
Design and installation of railway signal equipment and traffic lights
3-36, Jingu 4-chome, Atsuta-ku, Nagoya 456-0031
TEL. (052) 678-1771
Printed in Japan
100% recycled paper

ANNUAL REPORT

Transcription

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