44,589 Buildings and structures. 458,160 Machinery and equipment. 237,249 Construction in progress. 740,008 Accumulated depreciation

Transcription

1 34 ANRITSU CORPORATION Annual Report 2009 March 3, 2009 and 2008 Assets Current assets: Cash Notes and accounts receivable trade Allowance for doubtful accounts Inventories (Note 7) Deferred tax assets (Note 0) Other current assets Total current assets Millions of yen U.S. dollars (Note ) ,538 20,428 (344) 4,729 7,542,393 62,286 7,385 27,66 (49) 20,652 9,07,354 75,659 $ 88, ,96 (3,502) 49,944 76,779 4,8 634,083 Property, plant and equipment: Land 4,380 4,398 44,589 Buildings and structures 45,005 44,89 458,60 Machinery and equipment 23,305 28, ,249 Construction in progress ,69 78, ,008 Accumulated depreciation (5,704) (56,058) (526,356) Net property, plant and equipment 20,987 2,946 23,652 Investments and other assets: Investment securities (Note 6),448,63 4,74 Goodwill, net of amortization 3,523 2,58 35,865 Long-term prepaid expense 8,39 7,65 84,689 Deferred tax assets (Note 0) 2,985,849 30,388 Other assets,470 3,74 4,964 Allowance for doubtful accounts (35) (24) (356) Total investments and other assets 7,70 27,32 80,29 Total assets 00,983 24,97 $,028,026

2 Consolidated Balance Sheets 35 Liabilities and net assets Current liabilities: Short-term borrowings (Note 8) Long-term debt due within one year (Note 8) Notes and accounts payable trade Accrued liabilities Accrued expenses Income taxes payable Other current liabilities Total current liabilities Millions of yen U.S. dollars (Note ) ,802 7,800 5,020 5,082, ,08 28,062 6, ,270 5,098 2, ,662 27,435 $ 38,705 79,405 5,05 5,736 3,845 9,060 4, ,676 Long-term liabilities: Long-term debt (Note 8) 32,004 40, ,807 Employees severance and retirement benefits (Note 3),63,866 6,604 Severance and retirement benefits for directors and corporate auditors Accrued bonuses 9 Deferred tax liabilities (Note 0) ,79 Other long-term liabilities,08,30,004 Total long-term liabilities 35,396 44, ,338 Commitments and contingent liabilities (Note 5) Net assets (Note 4): Common stock, no par value Authorized 400,000,000 shares Issued 28,037,848 shares in 2009 and ,050 4,050 43,032 Additional paid-in capital 23,000 23, ,44 Retained earnings 7,594 22,323 77,308 Treasury stock, at cost (833) (832) (8,480) Net unrealized holding gains on securities ,637 Deferred gain or loss on hedged transactions (2) (23) (24) Foreign currency translation adjustments (6,544) (5,9) (66,69) Reservation rights on common stock Total net assets 37,525 52, ,02 Total liabilities and net assets 00,983 24,97 $,028,026

3 36 ANRITSU CORPORATION Annual Report 2009 Years ended March 3, 2009, 2008 and 2007 Net sales (Note 7) Cost of sales (Note 7) Gross profit Selling, general and administrative expenses (Note 6) Operating income (Note 7) Other income (expenses): Interest and dividends income Interest expenses Foreign exchange gain (loss) Gain on liquidation of subsidiary Gain on expiration of warrants Gain on reversal of subscription rights to shares Loss on disposal of inventories Loss on devaluation of inventories Loss on disposal of fixed assets Loss on disposal of software Loss on devaluation of investment securities Management innovation implementation expenses Special retirement benefits Gain on revision of retirement benefit plan (Note 3) Compensation income for expropriation Business structure improvement expenses Other, net Income (loss) before income taxes Provision for income taxes (Note 0): Current Deferred Net income (loss) Millions of yen U.S. dollars (Note ) 83,940 52,005 3,935 3, (707) (266) 35 (,358) (58) (70), (2,24) 85 (3,4) (2,236),76 29 (3,54) (3,54) 00,486 56,474 44,02 38,656 5, (888) (259) (2,427) (3,22) (27) (30) (,56) (698) (8,53) (3,57) (3,90) (3,90) 99,446 55,787 43,659 37,300 6, (,235) (465) (542) (,2) (22) (40) (332) (7) (3,258) 3,0 2,26 (49),376,376 $854, ,42 325,04 35,89 9,23 2,48 (7,97) (2,708) 356 (3,825) (590) (,73) 2,237,008 (22,539) 865 (3,976) (22,763),972,33 (36,048) $ (36,048) Amount per share of common stock: Net income (loss): Basic Diluted Cash dividends applicable to the year Yen U.S. dollars (27.78) 3.50 (30.60) $ (0.28) 0.04

4 Consolidated Statements of Operations / Consolidated Statements of Changes in Net Assets 37 Years ended March 3, 2009, 2008 and 2007 Millions of yen Net unrealized Deferred gain or Foreign currency Reservation rights Number of Common Additional paid- Retained Treasury stock, holding gains (losses) loss on hedged translation on common shares issued stock in capital earnings at cost on securities transactions adjustments stock Total Balance at March 3, ,037,848 4,050 23,000 26,654 (805) 708 (3) (2,636) 60,940 Cash dividends paid (829) (829) Bonuses to directors and corporate auditors (83) (83) Net income,376,376 Purchases of treasury stock (2) (2) Disposition of treasury stock () 0 Net changes during the year 4 4 Net unrealized holding gain on securities (2) (2) Deferred gain or loss on hedged transactions foreign currency financial statements Balance at March 3, ,037,848 4,050 23,000 27,7 (825) 706 () (2,442) 4 6,69 Cash dividends paid (892) (892) Net income (loss) (3,90) (3,90) Purchases of treasury stock (0) (0) Disposition of treasury stock () 3 2 Net changes during the year Net unrealized holding gain on securities (522) (522) Deferred gain or loss on hedged transactions (22) (22) foreign currency financial statements (3,469) (3,469) Balance at March 3, ,037,848 4,050 23,000 22,323 (832) 84 (23) (5,9) 54 52,845 Cash dividends paid (892) (892) Net income (loss) (3,54) (3,54) Purchases of treasury stock (8) (8) Disposition of treasury stock (5) 7 2 Net changes during the year (34) (34) Net unrealized holding gain on securities Deferred gain or loss on hedged transactions 2 2 foreign currency financial statements (633) (633) Effect of unification of accounting policies applied to foreign subsidiaries (0,29) (0,29) Balance at March 3, ,037,848 4,050 23,000 7,594 (833) 259 (2) (6,544) 20 37,525 U.S. dollars (Note ) Net unrealized Deferred gain or Foreign currency Reservation rights Number of Common Additional paid- Retained Treasury stock, holding gains (losses) loss on hedged translation on common shares issued stock in capital earnings at cost on securities transactions adjustments stock Total Balance at March 3, ,037,848 $43,032 $234,44 $ 227,252 $(8,470) $,873 $(234) $(60,75) $ 550 $ 537,972 Cash dividends paid (9,08) (9,08) Net income (loss) (36,048) (36,048) Purchases of treasury stock (8) (8) Disposition of treasury stock (5) 7 20 Net changes during the year (346) (346) Net unrealized holding gain on securities Deferred gain or loss on hedged transactions foreign currency financial statements (6,444) (6,444) Effect of unification of accounting policies applied to foreign subsidiaries (04,764) (04,764) Balance at March 3, ,037,848 $43,032 $234,44 $ 77,308 $(8,480) $2,637 $(24) $(66,69) $ 204 $ 382,02

5 38 ANRITSU CORPORATION Annual Report 2009 Years ended March 3, 2009, 2008 and 2007 Cash flows from operating activities Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities Depreciation and amortization Amortization expense of goodwill Gain on sales of investment securities Gain on sales of property, plant and equipment Loss on devaluation of investment securities Deferred income taxes Other net Changes in assets and liabilities: Notes and accounts receivable trade Inventories Other current assets Notes and accounts payable trade Income taxes payable and receivable Provision for retirement benefits Other current liabilities Other net Net cash provided by operating activities Cash flows from investing activities Purchases of marketable securities and investment securities Proceeds from sales of marketable securities and investment securities Acquisition of property, plant and equipment Proceeds from sales of property, plant and equipment Net decrease (increase) in long-term loans receivable Other net Net cash provided by (used in) investing activities Cash flows from financing activities Proceeds from long-term debt Payment of long-term debt Proceeds from issue of bonds Redemption of bonds Net increase (decrease) in short-term borrowings Payments on acquisition of treasury stock Cash dividends paid Other net Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Net decrease in cash Cash at beginning of year Cash at end of year (Note 5) Supplemental information of cash flows: Cash paid during the year for: Interest Income taxes Cash received during the year for: Income taxes U.S. dollars Millions of yen (Note ) (3,54) 3,8 64 (5) (2) (6) 5,82 5,635 (9) (,225) 35 (946) (2,339) (522) 6,96 (3) 5 (,92) 34 (4) 564 (,326) (975) (,79) (8) (892) (82) (3,848),853 6,685 8, (,37) 97 (3,90) 3, (74) (2) (,590) 4, ,035 (290) (549) 2,07 6,25 (3) (2,438) 33 (2) (63) (2,373) 7,640 (8,20) 0,000 (5,000) (244) (0) (892) (6,625) (55) (3,262) 9,947 6,685,008 (879) 53,376 3, () (99) 40 (49) (279),28 (,790),389 (,853) (2,25) 2,488 (0) 2,854 (2,29) 32 0 (526) 420 7,800 (4,68) (4,793) (,965) (2) (829) (3,975) 44 (0,923) 30,870 9,947,29 (,943) 355 $ (36,048) 32,383 6,526 (5) (20),73,33 (63) 59,67 57,365 (,944) (2,47),374 (9,630) (23,8) (5,35) 70,406 (3) 5 (9,465) 346 (43) 5,743 (3,499) (9,926) (8,233) (8) (9,08) (,852) (39,73),30 8,864 69,856 $ 88,720 $ 7,97 (,575) 987