Casio 2015 Annual Report Download - page 16

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4215
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
Net Sales
Consolidated net sales for the year ended March 31, 2015 increased 5.2% compared with the
previous fiscal year to ¥338,389 million.
(Millions of Yen)
2015 2014
Consumer .................................................................................. ¥287,113 ¥264,404
System Equipment ...................................................................... 40,848 45,299
Others ....................................................................................... 10,428 12,058
Total ...................................................................................... ¥338,389 ¥321,761
Sales by Segment
Consumer segment sales increased 8.6% compared with the previous fiscal year to ¥287,113
million, and accounted for 84.8% of net sales. In the timepiece business, sales of the high-end
G-SHOCK and OCEANUS lines, including the world’s first GPS hybrid radio-controlled solar-
powered watches, remained strong in Japan and overseas, driving substantial growth in overall
sales. In addition, sales of the EDIFICE model that connects to a smartphone via Bluetooth®
remained robust. Sales of calculators also rose, due largely to an expanded lineup of products
customized for local needs.
System Equipment segment sales decreased 9.8% compared with the previous fiscal year to
¥40,848 million. Others segment sales decreased 13.5% compared with the previous fiscal
year to ¥10,428 million.
Results of Operations
Operating income increased 38.3% compared with the previous fiscal year to ¥36,763 million.
Consumer segment income increased to ¥47,130 million because of the improved product mix
in the timepiece business, the expanded lineup of original high-end digital cameras, and the
launch of high-value-added calculators. System Equipment segment loss was ¥5,692 million.
Others segment loss was ¥219 million.
Net income increased 65.1% compared with the previous fiscal year to ¥26,400 million. Net
income per share increased 68.3% to a record ¥100.8.
Financial Condition
Total assets as of March 31, 2015 increased ¥7,692 million from a year earlier to ¥374,656
million, largely because securities increased. Total liabilities as of March 31, 2015 decreased
6.2% from a year earlier to ¥170,498 million. Current liabilities decreased ¥39,804 million to
¥82,306 million. Non-current liabilities increased ¥28,594 million to ¥88,192 million. Net assets
as of March 31, 2015 increased ¥18,902 million from a year earlier to ¥204,158 million due
mainly to an increase in retained earnings.
As a result, the equity ratio increased 4.0 percentage points to 54.5%.
Cash Flow Analysis
Net cash provided by operating activities decreased ¥9,352 million year on year to ¥30,755
million. This was mainly due to a decrease in working capital.
Net cash used in investing activities was ¥10,668 million, compared with net cash provided
by investing activities of ¥8,044 million for the previous year.
Net cash used in financing activities decreased ¥7,894 million year on year to ¥30,629 million.
As a result, cash and cash equivalents as of March 31, 2015 decreased ¥3,392 million from a
year earlier to ¥110,737 million. The Casio Group therefore has ample liquidity.
Capital Investment
Capital investment was ¥5,926 million. By segment, capital investment was ¥4,513 million in
the Consumer segment, ¥1,062 million in the System Equipment segment, and ¥231 million in
the Others segment.
Research & Development
R&D expenses were ¥7,187 million. By segment, R&D expenses were ¥3,545 million in the
Consumer segment, ¥748 million in the System Equipment segment, and ¥7 million in the
Others segment.
Management’s Discussion and Analysis