Epson 2007 Annual Report Download - page 27

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Credor Spring Drive Sonnerie
GBLQ998
RC170 (factory automation
robot controller)
Watch Business
Epson’s roots lie in the manufacture of mechanical
watches and, subsequently, the development of timing
devices for the 1964 Tokyo Olympics. Precision and
microfabrication technologies developed in the watch
business are the source for many of the technologies
employed in the Company’s other businesses. At
present, Epson’s watch business is built around the
three pillars of Spring Drive, solar radio wave, and kinetic
technologies. We manufacture mid-range and high-end
wristwatches sold under the Seiko brand name, and
develop and manufacture watch movements. Going
forward, Epson will propose new lifestyle choices by
developing high-value-added, next-generation watches
incorporating original technologies.
The Precision Products Segment
primarily comprises the watch, optical
device and factory automation products
businesses. In the fiscal year ended
March 31, 2007, net sales in this segment
amounted to ¥87.7 billion (up 2.3% year
on year) and operating income was ¥3.6
billion (up 52.1% year on year).
P e si n r t S
25
Annual Report 2007
Precision Products Segment
Optical Device Business
Epson manufactures single-focus lenses for general-
purpose eyesight correction, and progressive addition
lenses used for the multifocals worn by many senior
citizens. With progressive addition lenses, Epson used its
original backside progression technology and
revolutionary ultra-durable surface technology to
dramatically reduce the effect of objects being distorted
when viewed. The resulting products are both highly usable
and durable. Epson will continue to introduce strategic
products and will work to improve manufacturing
efficiency.
Factory Automation Products
Business
Epson’s factory automation business comprises such
semiconductor manufacturing equipment as IC
handlers, industrial robots, and the new industrial inkjet
equipment business. Epson aims to strengthen its
lineup of IC handlers and industrial robots and take
advantage of the merits of its proprietary Micro Piezo
technology to expand its industrial inkjet equipment
business.
(Billions of yen)
Years ended March 31
2005 2006 2007
Net sales ¥81.1 ¥85.8 ¥87.7
Operating expenses 78.7 83.4 84.1
Operating income 2.4 2.4 3.6
Identifiable assets 50.4 57.9 60.4
Depreciation and amortization
3.9 4.1 3.5
Capital expenditures 4.9 4.5 4.7
Comparison of Conventional Coatings and SEIKO ORGATECH
(After exposure to a temperature of 85°C for 10 minutes)
Conventional product SEIKO ORGATECH