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Mori Seiki Co., Ltd.

Country:

Japan

2-35-16 Meieki, Nakamura-ku, Nagoya, Aichi Prefecture 450-0002, Japan. Phone +81-52-587-1811.

www.moriseiki.co.jp

Brands:

Mori Seiki, Dixi

Listed: Tokyo Exchange, #6141. Also, OTC ('MRSKY') via ADR in New York

www.moriseiki.com

Metalcutting machine tools incl. lathes, turning centers, machining centers, and support systems. Mori Seiki Hitech Co. Ltd. took over much of failed Hitachi Seiki Co. Ltd. 2002. Acquires Dixi Machines (Switzerland) 2007. Development centers in Nagoya City, Japan, and Davis, California, USA. Additional manufacturing facilities in Iga, Chiba, and Nara, Japan, and Davis, Calif. Associated companies: Taiyo Koki (grinders), Dixi Machines (high precision mills), Akishino Mold Lab. Acquires Magnescale measuring-instruments business from Sony 2010.

Values in Millions

Fiscal Year Ended

Mar. 2011

Change

Mar. 2010

Change

Mar. 2009

Total Consolidated Revenue, ¥

120,428.0

81%

66,402.0

-58%

157,503.0

M-T Revenue, ¥

120,428.0

81%

66,402.0

-58%

157,503.0

Net Profit (Loss), ¥

1,307.0

(34,693.0)

1514%

(2,150.0)

U.S. $ Conversion Factor

0.01170

0.01078

0.01000

Total Consolidated Revenue, $

1,409.0

97%

715.8

-55%

1,575.0

M-T Revenue, U.S. $

1,409.0

97%

715.8

-55%

1,575.0

Net Profit (Loss), U.S. $

15.3

(374.0)

1639%

(21.5)

Financial Notes:

In a collaboration with German machine-tool builder Gildemeister started March 2009, Gildemeister acquired 5% of Mori Seiki stock, and vice-versa, and subsequent moves increased holdings. Partners announced April 2011 venture with Shenyang MT Group to build machines in China.

see:

Gildemeister

Taiyo Koki