Epson 2009 Annual Report Download - page 3

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2
Table of Contents
Consolidated Financial Highlights ................................................................................................... 3
Message from the President ............................................................................................................. 5
Epson’s Mid-Range Business Plan ................................................................................................... 6
Information on the Company ......................................................................................................... 12
1. Overview of the business group .............................................................................................. 12
2. Major equipment and facilities ............................................................................................... 15
3. Overview of capital expenditures ............................................................................................ 17
4. Plans for new additions or disposals ........................................................................................ 18
5. Major management contracts ................................................................................................. 19
Risks Related to Epson’s Business Operations ................................................................................ 20
Business Conditions ....................................................................................................................... 27
1. Overview of business results ................................................................................................... 27
2. Manufacturing, orders received and sales ............................................................................... 30
3. Analysis of financial condition and results of operations .......................................................... 31
4. Research and development activities ....................................................................................... 34
5. Issues for Fiscal 2009 .............................................................................................................. 36
6. Dividend policy ...................................................................................................................... 38
Corporate Governance .................................................................................................................. 39
1. Approach to corporate governance ......................................................................................... 39
2. Details of audit remuneration ................................................................................................. 43
3. Basic policy regarding company control .................................................................................. 43
Management ................................................................................................................................. 45
Financial Statements...................................................................................................................... 47
Consolidated Balance Sheets ...................................................................................................... 48
Consolidated Statements of Income ............................................................................................ 50
Consolidated Statements of Changes in Net Assets ...................................................................... 51
Consolidated Statements of Cash Flows ...................................................................................... 53
Notes to Consolidated Financial Statements ................................................................................ 54
Report of Independent Auditors .................................................................................................... 80
Additional Information .................................................................................................................. 81
1. Principal subsidiaries and affiliates ......................................................................................... 81
2. Distribution of ownership among shareholders ....................................................................... 84
3. Major shareholders ................................................................................................................ 85
4. Epson stock price ................................................................................................................... 86
5. Corporate data and investor information ................................................................................ 87