CONTENTS. Consolidated Performance 1. Consolidated Sales Breakdown by Segments 2. Consolidated Shareholders' Equity/Return on Shareholders' Equity 3

Transcription

1 14 Annual Report

2 CONTENTS Consolidated Performance 1 Consolidated Sales Breakdown by Segments 2 Consolidated Shareholders' Equity/Return on Shareholders' Equity 3 Per Share Data 4 Consolidated Capital Expenditure 5 Consolidated Balance Sheet 6 Consolidated Income Statement 7 Consolidated Cash Flows Statement 8

3 Consolidated Performance Sales/Growth Rate Recurring lncome/growth Rate Net Income/Growth Rate, 15 12, 2 6, 55, 5, , 1, 9, ,5 5, 4, ,, 35, 3, 25,, 15, , 7, 6, 5, 4, 3, 2, 1, , 3,5 3, 2,5 2, 1,5 1, , 5, 1 3 1, 2, 5 1, 1, , 2, Sales Recurring lncome Net Income Sales Growth Rate Recurring lncome Growth Rate Net Income Growth Rate Fiscal Year Ended Sales 36,957 27,825 26,999 3,232 37,589 Sales Growth Rate Operating Income 355 1, ,935 Operating Profit Growth Rate Recurring lncome ,6 2,73 4,53 Recurring lncome Growth Rate Net Income 1, ,16 4,859 Net Income Growth Rate Gross Profit SG & A Ratio Note: Amounts less than one million yen are omitted The listed amounts are rearranged to reflect amended financial classifications pursuants to the amendment of a part of the Regulation concerning Terminology,Forms and Method of Preparation of Financial Statements,etc 1

4 Parent's Sales Breakdown by Segments 32, 3, 28, 26, 24, 22,, 18, 16, 14, 12, 1, 8, 6, 4, 2, Electronics Related Materials Industrial Structural Materials Electrical Insulators Materials Opto Electronics Related Materials Related Products & Others Fiscal Year Ended Electronics Related Materials 17,187 13,273 13,2 17,79 23,814 Industrial Structural Materials 3,277 5,66 6,52 6,792 7,386 Electrical Insulators Materials 2,999 3,227 3,186 3,237 3,293 Opto Electronics Related Materials 1,997 4,537 3,53 2,69 2,49 Related Products & Others 2,497 1,722 1,256 1,55 1,47 Total 36,957 27,825 26,999 3,232 37,589 2

5 Consolidated Shareholders' Equity/Return on Shareholders' Equity Total Liabilities and Net Worth/ Turnover Ratio of Total Liabilities and Net Worth 7, (Turnover) 2.8 Shareholders' Equity/ Shareholders' Equity to Total Assets 52, Return on Equity/Operating Profit Ratio of Total Liabilities and Net Worth 22 65,, 55, 5, , 44,, 36, ,, 35, 3, 25, , 28, 24,, ,.8 16, 3 15, 1, 5, , 8, 4, Total Liabilities and Net Worth Shareholders' Equity Return on Equity Turnover Ratio of Total Liabilities and Net Worth Shareholders' Equity to Total Assets Operating Profit Ratio of Total Liabilities and Net Worth Fiscal Year Ended Total Liabilities and Net Worth 5, 46,666 48,751 58,286 65,766 Turnover Ratio of Total Liabilities and Net Worth Operating Profit Ratio of Total Liabilities and Net Worth Shareholders' Equity 36,15 35,41 37,359 44,492 48,829 Shareholders' Equity to Total Assets Return on Equity Note:Turnover Ratio of Total Liabilities and Net Worth =Net Sales/Total Liabilities and Net Worth(Midterm Average) Operating Profit Ratio of Total Liabilities and Net Worth = Ordinary Income/Total Liabilities and Net Worth (Midterm Average)X Shareholders' Equity to Total Assets=Shareholders' Equity(Term End)/Total Liabilities and Net Worth(Term End)X Return on Equity = Net Income/Shareholders' Equity(Midterm Average)X The listed amounts are rearranged to reflect amended financial classifications pursuants to the amendment of a part of the Regulation concerning Terminology,Forms and Method of Preparation of Financial Statements,etc 3

6 Consolidated Per Share Data (Yen) Net Income per Share Shareholders' Equity per Share (Yen) Cash Dividends per Share/Dividend Payout Ratio (Yen) Net Income per Share Shareholders' Equity per Share Cash Dividends per Share Dividend Payout Ratio Fiscal Year Ended Net Income per Share(Yen) Shareholders' Equity per Share(Yen) Cash Dividends per Share(Yen) Dividend Payout Ratio

7 Consolidated Capital Expenditure Capital Expenditure Depreciation 5,5 3, 5, 2,75 4,5 4, 3,5 2,5 2,25 2, 1,75 3, 1,5 2,5 1,25 2, 1, 1,5 75 1, Capital Expenditure Depreciation Fiscal Year Ended Capital Expenditure 1,157 1, ,51 1,199 Depreciation 2,623 1,583 1,384 1,399 1,492 Inventory Turnover Period(Days) Interest Coverage Note: Inventory Turnover Period(Days)=(Average Inventory/Net Sales)X365 The listed amounts are rearranged to reflect amended financial classifications pursuants to the amendment of a part of the Regulation concerning Terminology,Forms and Method of Preparation of Financial Statements,etc 5

8 Consolidated Balance Sheet Fiscal Year Ended Assets Current Assets 26,37 23,45 22,744 29,13 29,752 Cash and Time Deposits 6,89 7,412 6,671 1,138 8,67 Notes and Accounts Receivable Trade 1,111 8,532 9,746 1,814 13,653 Securities , Inventories 6,3 5,8 5,386 5,525 7,93 Deferred Tax Assets , Other Current Assets 2, Allowance for Doubtful Receivables Fixed Assets 24,293 23,621 26,7 29,183 36,14 (Tangible Fixed Assets) 11,981 11,165 1,964 11,419 11,21 Buildings and Structures 6,369 6,255 6,21 5,987 5,829 Machinery.Equipment and Automotive Equipment 3,373 2,986 2,976 3,578 3,432 Tools Furnitures Fixtures Land 1,536 1,536 1,546 1,56 1,45 Construction in Progress Other Fixed Assets (Intangible Fixed Assents) (Investments and Other Assets) 12,65 12,259 14,93 17,639 24,78 Investments in Securities 11,434 11,581 14,128 16,755 23,797 LongTerm Loans Deferred Tax Assets Other Investments Allowance for Doubtful Receivables Total Assets 5, 46,666 48,751 58,286 65,766 負債の部 Current Liabilities 1,442 8,782 8,693 1,364 14,779 Liabilities Notes and Accounts Payable Trade 5,575 3,99 4,563 4,768 6,235 ShortTerm Loan Payables 868 1,133 1,328 2,265 4,96 Accrued Income Taxes , Deferred Tax Liabilities Reserve for Bonuses Other Current Liabilities 2,916 3,1 2,255 2,7 2,761 LongTerm Liabilities 4,143 2,843 2,699 3,43 2,158 LongTerm Debt 1,54 2,68 1,681 1, Deferred Tax Liabilities ,881 1,14 Severance and Retirement Benefits Reserve for Officers' Retirement Bonuses Consolidated Adjustments Other LongTerm Liabilities 1, Total Liabilities 14,585 11,625 11,392 13,794 16,937 資本の部 Common Stock 7,117 7,117 7,117 7,154 7,262 Shareholders' Additional Paidin Capital 6,229 6,229 6,229 6,266 6,375 Equity Earned Surplus,578,849 21,678 25,28 28,758 Treasury Stock Net Unrealized holding gains on Securities available for Sales Cumulative Translation Adjustments 1, , , ,446 1, Cost from Issue of New Bonds Minority Interest 1,4 1,246 1,696 2,342 2,624 Othiers Total Shareholders' Equity 36,15 35,41 37,359 44,492 48,829 Total Liabilities.Minority Interest and Shareholders' Equity 5, 46,666 48,751 58,286 65,766 ( 注 ) 財務諸表等の一部改正に伴い 改正後の表示区分に組替えてあります Note:The listed amounts are rearranged to reflect amended financial classifications pursuants to the amendment of a part of the Regulation concerning Terminology,Forms and Method of Preparation of Financial Statements,etc ( 注 ) 記載金額は 百万円未満を切り捨てて表示してあります Note: Amounts Less than one million yen are omitted 6

9 Consolidated Income Statement Fiscal Year Ended Net Sales 36,957 27,825 26,999 3,232 37,589 Cost of Sales 33,2 25,276 23,824 25,587 3, Gross Profit 3,755 2,549 3,175 4,645 6,989 Selling General and Administrative Expenses 4,11 3,864 3,348 3,659 4,54 Operating Income 355 1, ,935 NonOperating Income 1,157 1,17 1,67 1,9 1,913 Interest and Dividend Income Other NonOperating Income 1,128 1,119 1, 1,8 1,585 NonOperating Expenses Interest Expenses Other NonOperating Expenses Ordinary Income ,6 2,73 4,53 Extraordinary Income 1,85 1, ,63 3,56 Extraordinary Losses 3, Income Before Income Taxes 1, ,236 4,24 7,236 Corporation Tax. Inhabitant Tax and Business Taxes ,552 Provision for Income Taxes ー Deferred Minority Stockholder Income Net Income 1, ,16 4,859 Note:The listed amounts are rearranged to reflect amended financial classifications pursuants to the amendment of a part of the Regulation concerning Terminology,Forms and Method of Preparation of Financial Statements,etc Note: Amounts Less than one million yen are omitted 7

10 Consolidated Cash Flows Statement Fiscal Year Ended Cash Flows from Operating Activities Income before Income Taxes 1, ,236 4,24 7,236 Depreciation 2,614 1,583 1,496 1,476 1,575 Amortization of Excess of Investments Cost Over Equity in Earnings of Unconsolidated Equity in Net Assets of Consolidated Subsidiaries Subsidiaries and Affiliates 1, Loss on Sale of Investments in Securities 1,342 1, ,569 2,976 Gain on Sale of Properties Fixed assets tax refound Cost from Issue of New Bonds Loss on Disposal of Tangibile Fixed Assets Loss on WriteDown of Investments in Securities Golfcoursemembership depreciation loss Exchange Loss(Gain) (Decrease) Increase in Reserve for Officers' Retirement Bonuses Increase in Reserve for Bonuses Decrease in Reserve for Retirement Allowances Increase in Allowance for Doubtful Receivables Interest and Dividend Income Interest Expenses (Increase) Decrease in Receivables 1,9 1, ,54 (Increase) Decrease in Inventories ,48 (Decrease) Increase in Purchase Liabilities 369 1, ,361 (Decrease) Increase in Accrued Consumption Taxes (Increase) Decrease in Other Assets Increase in Other Labilities Other 3, Subtotal 56 1,19 1,654 2,571 2,274 Interest and Dividend Received Interest Paid Income Taxes Paid TOTAL ,569 2,793 2,294 Cash Flows from Investing Activities Payments for Received Time Deposits ,826 Proceeds from Purchase Time Deposits 1,413 1, ,223 Payments for Purchase of Investments in Securities 1,17 1,119 1,22 1,593 1,191 Proceeds from Sales of Property,Plant and Equipment Payments for Purchase of Investments in Securities 889 1,888 1,247 1,371 1,9 Proceeds from Sales of Investments in Securities 344 2, ,9 6,288 Payments for Loans 1, Proceeds from Recovery of Loans Other TOTAL 2,114 1,917 1, ,579 Cash Flows from Financing Activities Decrease in ShortTerm Loans ,544 Borrowings of LongTerm Dept 238 1, , Repayments of LongTerm Borrowings ,377 1,59 1,314 Proceeds from Issue of Bonds Payments for Purchase of Treasury Stock and Proceeds from Sale 1 Cash Dividends Other 287 1, TOTAL Translation difference of Cash and Cash Equivalents Changes in Cash and Cash Equivalents 2,216 1, ,876 3,372 Cash and Cash Equivalents at Beginning of Year 6,27 4,113 6,39 5,517 9,394 Cash of New Consolidated Subsidiaries and Cash and Cash Equivalents at Beginning of Year Cash of Removeing Consolidated Subsidiaries and Cash and Cash Equivalents at MidTerm of Year Changes in Cash and Cash Equivalents by changing the scope of consolidation Cash and Cash Equivalents at End of Year 58 4,113 6,39 5,517 9,394 6,22 Note: Amounts Less than one million yen are omitted 8