Casio 2009 Annual Report Download - page 5

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Turning now to profit/loss figures for the reporting
term, ended March 2009, in the Electronics segment
operating income fell 66.5% year-on-year to ¥15.6 bil-
lion, for a 3.4% operating income margin. This drop in
operating income was recorded despite the continued
high profitability of strategic businesses such as time-
pieces and electronic dictionaries, and was primarily
due to the deteriorating business environment for
digital cameras from the second half of the fiscal year,
as well as the depreciation in the value of European
currencies.
The Electronic Components and Others segment
posted a ¥5.8 billion operating loss, primarily attribut-
able to lower sales of TFT LCDs. As a result, total
operating income on a consolidated basis, allowing for
elimination or unallocated amounts, fell 89.4% year-
on-year to ¥4.0 billion, for an operating income margin
of 0.8%. Casio posted a net loss of ¥23.1 billion due
to extraordinary losses including business structure
improvement expenses (such as impairment losses on
noncurrent assets) and non-recurring depreciation
on noncurrent assets (such as software and facilities).
These extraordinary losses were recognized to reinforce
the Company’s earning structure.
A dividend of ¥23 per share has been paid for the
reporting term.
Kazuo Kashio, President & CEO
3
Annual Report 2009