Epson 2012 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2012 Epson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

2
Table of Contents
Consolidated Financial Highlights ...................................................................................................3
Information on the Company .......................................................................................................... 5
1. Overview of the business group ................................................................................................5
2. Major equipment and facilities.................................................................................................8
3. Overview of capital expenditures............................................................................................ 11
4. Plans for new additions or disposals .......................................................................................12
5. Major management contracts.................................................................................................13
Risks Related to Epson’s Business Operations................................................................................14
Business Conditions....................................................................................................................... 20
1. Overview of business result ....................................................................................................20
2. Manufacturing, orders received and sales ............................................................................... 23
3. Analysis of financial condition and results of operations.......................................................... 24
4. Research and development activities....................................................................................... 28
5. Issues for Fiscal 2012.............................................................................................................. 30
6. Dividend policy ......................................................................................................................32
Corporate Governance .................................................................................................................. 33
1. Approach to corporate governance .........................................................................................33
2. Details of audit remuneration .................................................................................................40
3. Basic policy regarding company control .................................................................................41
Management ................................................................................................................................. 43
Index to Consolidated Financial Statements ................................................................................... 45
Consolidated Balance Sheets ...................................................................................................... 46
Consolidated Statements of Income ............................................................................................48
Consolidated Statements of Comprehensive Income ...................................................................49
Consolidated Statements of Changes in Net Assets...................................................................... 50
Consolidated Statements of Cash Flows...................................................................................... 52
Notes to Consolidated Financial Statements................................................................................ 53
Report of Independent Auditors ....................................................................................................89
Additional Information .................................................................................................................90
1. Principal subsidiaries and affiliates ........................................................................................90
2. Distribution of ownership among shareholders ....................................................................... 94
3. Major shareholders................................................................................................................95
4. Epson stock price ...................................................................................................................97
5. Corporate data and investor information................................................................................98