SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2013

SEGMENT INFORMATION

21. SEGMENT INFORMATION

The Company engages in various fields of business and industries by providing products and services which are categorized into the following segments: Farm & Industrial Machinery; Water & Environment; and Other. The Farm & Industrial Machinery segment manufactures and distributes farm equipment, engines, and construction machinery. The Water & Environment segment manufactures and distributes pipe-related products (ductile iron pipes, plastic pipes, valves, and pumps), environment-related products (environmental control plants and other products ), and social infrastructure-related products ( industrial castings, spiral welded steel pipes, vending machines, precision equipment, and air-conditioning equipment). The Other segment includes construction, services, and other businesses.

The segments represent the components of the Company for which separate financial information is available that is utilized on a regular basis by the chief executive officer in determining how to allocate the Company’s resources and evaluate performance. The segments also represent the Company’s organizational structure principally based on the nature of products and services.

The accounting policies for the reporting segments are consistent with the accounting policies used in the Company’s consolidated financial statements.

The Company realigned its organization on April 1, 2012. Following this realignment, the segments that had previously been classified as “Farm & Industrial Machinery”, “Water & Environment System”, “Social Infrastructure”, and “Other” were reclassified as “Farm & Industrial Machinery”, “Water & Environment”, and “Other”.

Reporting Segments

Information by reporting segments is summarized as follows:

(¥ in millions)
For the years ended March 31:	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
2013:
Revenues:
External customers	¥	850,953	¥	282,078	¥	34,597	¥	—		¥	1,167,628
Intersegment		59		5,461		22,030		(27,550	)		—
Total		851,012		287,539		56,627		(27,550	)		1,167,628
Operating income	¥	107,967	¥	23,533	¥	2,464	¥	(20,803	)	¥	113,161
Identifiable assets at March 31, 2013	¥	1,244,886	¥	258,869	¥	75,790	¥	164,125		¥	1,743,670
Depreciation and amortization		20,123		6,214		737		2,179			29,253
Capital expenditures		37,222		7,658		744		3,102			48,726
2012:
Revenues:
External customers	¥	713,943	¥	263,286	¥	30,790	¥	—		¥	1,008,019
Intersegment		69		4,839		18,010		(22,918	)		—
Total		714,012		268,125		48,800		(22,918	)		1,008,019
Operating income	¥	97,776	¥	17,480	¥	2,450	¥	(12,026	)	¥	105,680
Identifiable assets at March 31, 2012	¥	1,039,280	¥	246,272	¥	49,530	¥	152,587		¥	1,487,669
Depreciation and amortization		14,582		6,574		705		2,000			23,861
Capital expenditures		20,077		6,076		1,071		3,888			31,112
2011:
Revenues:
External customers	¥	651,518	¥	253,207	¥	28,960	¥	—		¥	933,685
Intersegment		64		3,825		15,837		(19,726	)		—
Total		651,582		257,032		44,797		(19,726	)		933,685
Operating income	¥	86,487	¥	15,584	¥	2,096	¥	(18,056	)	¥	86,111
Identifiable assets at March 31, 2011	¥	918,656	¥	232,772	¥	39,386	¥	166,038		¥	1,356,852
Depreciation and amortization		15,870		7,941		697		2,009			26,517
Capital expenditures		13,871		8,625		691		764			23,951

(Notes)

1. The unallocated corporate expenses included in “Adjustments” amounted to ¥20,770 million, ¥12,030 million, and ¥18,066 million for the years ended March 31, 2013, 2012, and 2011, respectively. The unallocated corporate assets included in “Adjustments” amounted to ¥209,036 million, ¥171,354 million, and ¥182,602 million at March 31, 2013, 2012, and 2011, respectively, which consisted mainly of cash and cash equivalents, investment securities, and corporate properties held or used by the administration departments of the parent company. “Adjustments” also included the elimination of intersegment transactions.

2. The aggregated amounts of operating income equal to those in the consolidated statements of income, and refer to the consolidated statements of income for the reconciliation of operating income to income before income taxes and equity in net income of affiliated companies.

3. Intersegment revenues are recorded at values that approximate market prices.

Revenues from External Customers by Product Groups

Information for revenues from external customers by product groups is summarized as follows:

(¥ in millions)
For the years ended March 31:	2013		2012		2011
Farm & Industrial Machinery:
Farm equipment and engines	¥	744,319	¥	619,989	¥	580,671
Construction machinery		106,634		93,954		70,847
		850,953		713,943		651,518
Water & Environment:
Pipe-related products		151,058		142,466		140,387
Environment-related products		64,827		56,045		52,381
Social-Infrastructure-related products		66,193		64,775		60,439
		282,078		263,286		253,207
Other		34,597		30,790		28,960
Total	¥	1,167,628	¥	1,008,019	¥	933,685

Geographic Information

Information for revenues from external customers by destinations and property, plant, and equipment based on physical location are summarized as follows:

(¥ in millions)
	2013		2012		2011
Revenues from external customers by destination for the years ended March 31:
Japan	¥	540,982	¥	498,684	¥	477,913
North America		263,246		219,929		189,330
Europe		118,744		88,715		75,762
Asia Outside Japan		204,172		169,632		160,533
Other Areas		40,484		31,059		30,147
Total	¥	1,167,628	¥	1,008,019	¥	933,685
Property, plant, and equipment based on physical location at March 31:
Japan	¥	178,680	¥	176,987	¥	177,460
North America		22,892		15,158		16,146
Europe		14,057		9,580		1,733
Asia Outside Japan		36,005		20,087		18,794
Other Areas		3,892		3,255		3,225
Total	¥	255,526	¥	225,067	¥	217,358

(Notes)

1. Revenues from North America include those from the United States of ¥228,932 million, ¥190,243 million, and ¥167,553 million for the years ended March 31, 2013, 2012, and 2011, respectively.

2. There is no single customer, revenues from whom exceed 10% of total consolidated revenues of the Company.