Konica Minolta 2001 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... 2 .2 % Sales Br eakdown by Segment Optics Technology and Camer a & Digital Imaging ¥ 6 4 ,3 7 0 Other s ¥ 1 8 ,3 0 9 Consumer Imaging ¥ 1 6 6 ,0 8 6 3 .4 % 1 1 .8 % 3 0 .5 % Consolidated Net Sales ¥ 5 4 3 ,7 1 9 ( ¥ millions) 3 2 .0 % Medical and Gr aphics ¥ 1 2 0 ,8 0 6 Office Documents...

  • Page 3
    ... LIDATED FINA N CIA L HIGHLIGHTS KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fisc al years ended Marc h 3 1 , 2 0 0 1 and 2 0 0 0 Thousands of U.S. dollars ( Note) Millions of yen 2001 2000 2001 For the Year : Net sales Operating inc ome Net inc ome Capital expenditure R&D expenses...

  • Page 4
    ... a Direc t Imaging System) . In addition, the EM & ID Business Group saw inc reased sales of triac etyl c ellulose ( TAC film) , a key material for making the polarizing filters used in liquid c rystal displays ( LCDs) . Operations went into full swing in Marc h 2 0 0 0 . Due to the high produc tion...

  • Page 5
    ... and volumes. On the other hand, digital c amera sales c ontinued to grow, c entering largely on original equipment manufac turing ( OEM) supply. Results of the Company's Medium-Term Business Plan Before outlining the c ontents of our new SAN Plan 2 0 0 4 medium-term management plan and our future...

  • Page 6
    ...0 Konica formed a business tie-up with Minolta Co., Ltd., in the office document business. The combination of our high-speed digital technology and materials development with Minolta's digital color image processing technology and printers gives both companies a number of highly competitive products...

  • Page 7
    ... lear answer to these questions. First, it is a fac t that high-speed c opiers are the foc us of keen attention. As digitization c ontinues to inc rease, the business struc ture of the Offic e Doc ument Company will remain the same- that is, profits will c ontinue to c ome from sales of c onsumables...

  • Page 8
    ... our lens unit business, especially for products such as VTRs and digital cameras. Further, we expec t that optomec hatronic s tec hnology, whic h we developed for zoom lenses used in c ameras/ VTRs and 3 .5 -inc h magnetooptic al ( MO) disk drives, will find applic ations in mic ro-c amera units...

  • Page 9
    .... In addition, the Medic al and Graphic Company is c onstruc ting a new medic al dry film produc tion fac ility, the Consumer Imaging Company is investing in a digital photo network servic e, and the Offic e Doc ument Company is undertaking investment in polymerization toner. In these ways, we...

  • Page 10
    ... the rapid growth of competitively priced digital cameras and to the falling prices of film paper. In Japan, we fought to maintain market prices in the face of strong downward pressure by introducing new products such as the Konica Color New Centuria 8 0 0 Super Zoom. Despite these efforts, however...

  • Page 11
    ... high-speed machines, taking advantage of the powerful direct distribution systems and networks we have established there. As in the United States, we will also use our European solutions center to reinforce software development and sales support. Ko nica 7075 Ko nica 7035 Net Sales 250 200 150 100...

  • Page 12
    ...such as the Konica Direct Digitizer REGIUS Model 1 5 0 ( a cassette-type digital imaging system with high levels of fineness) and the Konica Laser Imager DRYPRO Model 7 2 2 ( a digital image output system with high levels of fineness) . We posted significantly higher sales of our dry film, which has...

  • Page 13
    ...as optical scanning lenses for laser printers and optical units for VTRs and digital cameras enjoyed steady sales growth, and we launched a new type of 3 .5 -inch magneto-optical ( MO) disk drive corresponding to the USB ( 6 4 0 MB) . In both Japan and the West, the markets for film cameras suffered...

  • Page 14
    ... large-format printer field, marketing our large printers to the advertising and light printing industries. In our Net Sales 5 4 3 2 1 0 2.8 ( ¥ billions) marketing activities, we promote the high-performance heads, high printing speeds and superior image quality that distinguish our printers. Net...

  • Page 15
    ...KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fisc al years ended Marc h 3 1 Millions of yen 2001 2000 1999 1998 1997 1996 For the Year : Net sales Cost of sales Operating inc ome Net...assets Property, plant and equipment- net Total c urrent liabilities Long-term debt Shareholders' ...

  • Page 16
    SEGMEN T IN FO RMATIO N KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fisc al years ended Marc h 3 1 Segment Infor mation by Pr oduct Millions of yen 2001 Net sales: Photographic materials Business mac hines Consolidated ¥ 3 0 5 ,2 0 0 2 3 8 ,5 1 8 ¥ 5 4 3 ,7 1 9 2000 1999 1998 ...

  • Page 17
    ...aphic Region ( Note 1 ) Millions of yen 2001 Net sales: Japan Overseas: North Americ a Europe Asia and other Consolidated ¥ 3 3 6 ...0 8 Note: 1 . Segment information by geographic region is given for the Company and its c onsolidated subsidiaries loc ated in the respec tive geographic regions. 15...

  • Page 18
    ...growth in sales of aspheric al plastic lenses for use in optic al disc s. For the Offic e Doc ument Company, however, sales on a volume basis inc reased reflec ting the c ompletion of our lineup of digital c opiers, but the yen's apprec iation led to a ¥ 1 3 .8 billion drop in terms of sales amount...

  • Page 19
    ...osts and fixed selling expenses as planned. The Medic al and Graphic Company enjoyed enhanc ed demand for dry film and X-ray imaging system for dry film. Although sales dropped reflec ting pric ing c hanges, operating inc ome inc reased. The EM & ID Business Group ac hieved signific ant advanc es in...

  • Page 20
    ... for the Medic al and Graphic Company, and ¥ 0 .5 billion for the Inkjet Business Group. In our business mac hines segment, some ¥ 1 2 .3 billion was targeted to digitization and strategic areas, inc luding ¥ 7 .8 billion for the Offic e Doc ument Company and ¥ 4 .3 billion for the Optic s Tec...

  • Page 21
    ... tivities totaled ¥ 8 .1 billion. This resulted from payment for ac quisition of fixed assets, whic h was balanc ed by inc reases in proc eeds from the sale of fixed assets, marketable sec urities and investment sec urities. Net c ash used in financ ing ac tivities totaled ¥ 4 2 .6 billion, reflec...

  • Page 22
    ... 3 6 ( 2 7 7 ,9 5 1 ) 1 4 1 ,8 7 0 Investments and Other Assets: Investment sec urities ( Note 5 ) Long-term loans Deferred tax assets ( Note 8 ) Intangible assets Long-term prepaid expenses Other investments Other assets Less: Allowanc e for doubtful ac c ounts Total investments and other assets...

  • Page 23
    ...2001 2000 2001 Cur r ent Liabilities: Short-term debt ( Note 7 ) Current portion of long-term debt ( Note 7 ) Notes and ac c ounts payable- trade ( Note 6 ) Ac c rued expenses Ac c rued inc ome taxes...-term debt ( Note 7 ) Ac c rued retirement benefits Other long-term liabilities Total long-term...sec...

  • Page 24
    ...) of unc onsolidated subsidiaries and affiliates Gains on sales of fixed assets Write-down on investment sec urities Amortization of unrec ognized obligation at transition ( Note 1 3 ) Gains on sec urities c ontribution to retirement benefit trust ( Note 1 3 ) Other, net Total Inc ome before inc ome...

  • Page 25
    ... al years ended Marc h 3 1 , 2 0 0 1 and 2 0 0 0 Shares of issued c ommon stoc k ( thousands) Millions of yen Common stoc k Additional paid-in c apital Retained earnings Treasury stoc k Unrealized gains on securities Foreign currency translation adjustments Balance at Mar ch 3 1 , 2 0 0 1 ¥ Net...

  • Page 26
    ... of marketable sec urities Proc eeds from the sale of marketable sec urities Payment for ac quisition of fixed assets Proc eeds from the sale of fixed assets Payment for ac quisition of investment sec urities Proc eeds from the sale of investment sec urities Other Net c ash used in investing...

  • Page 27
    ... princ ipally on an average-c ost basis. ( e) Pr oper ty, Plant and Equipment Depr eciation Deprec iation of property, plant and equipment for the Company and domestic c onsolidated subsidiaries is c omputed using the dec lining balanc e method exc ept for deprec iation of buildings ac quired after...

  • Page 28
    ... ation of the equity method would be immaterial. Other sec urities for whic h market quotations are available are stated at fair value. Net unrealized gains or losses on these sec urities are reported as a separate item in the shareholders' equity at a net-of-tax amount. Other sec urities for whic...

  • Page 29
    ... 9 $ 1 4 ,1 3 2 ( b) Other Secur ities Sold dur ing the Fiscal Year under Review Millions of yen Sale value Other sec urities ...¥ 5 ,6 1 6 Total profit ¥23 Total loss ¥470 2001 ( Interest rate) Short-term loans ...Current portion of long-term loans ... 2000 2001 Thousands of U.S. dollars...

  • Page 30
    ... loans guaranteed of ¥ 3 ,3 7 6 million ( US$ 2 7 ,2 4 8 thousand) . 1 2 . Lease Tr ansactions 2001 Statutory tax rate ...Ac c umulated defic it ...Other, net ...Effec tive tax rate ...2000 4 2 .1 % 9 .9 ( 2 .2 ) 4 9 .8 % Information on the Company's and c onsolidated subsidiaries' financ e lease...

  • Page 31
    ...The photographic materials segment inc ludes photographic film, photographic paper, photofinishing equipment and c hemic als, videotapes and others. The business mac hines segment inc ludes plainpaper c opiers, printers, fac simile mac hines, c ameras, optic al produc ts and others. Note: The above...

  • Page 32
    ... Business mac hines Total Elimination & c orporate Consolidation Millions of yen Photographic materials 2 0 0 0 : Net sales Outside... 5 3 Business mac hines Total Elimination & c orporate Consolidation The ac c ompanying Notes to Consolidated Financ ial Statements are an integral part of these ...

  • Page 33
    ...,1 7 5 ¥ 03 0 ,5 4 3 ¥ 5 1 8 ,1 8 1 ( 1 3 4 ,5 1 1 ) ( 1 3 4 ,5 1 1 ) ( 1 2 6 ,7 4 3 ) ¥ ( 7 ,7 6 7 ) ¥ 0 2 0 ,5 0 8 Americ a Europe Asia and Other Total Elimination & c orporate Consolidation Millions of yen North Japan 2 0 0 0 : Net sales Outside ...Intersegment ...Total ...Operating expenses...

  • Page 34
    ...expressed in Japanese Yen. Our audits were made in ac c ordanc e with auditing standards, proc edures and prac tic es generally ac c epted and applied in Japan...es. In our opinion, the c onsolidated financ ial statements referred to above present fairly the c onsolidated Financ ial position of KONICA...

  • Page 35
    ... RS As of June 2 8 , 2 0 0 1 Chairman of the Board Tomiji Uematsu Advisory Director Takanori Yoneyama Executive Officers Shigeru Suzuki Tadashi Kojima President and Chief Executive Officer Fumio Iwai Directors Takamasa Shintani Masaru Kanbe Yukio Morito Kunio Ito Yasumitsu Tsunoda Hirofumi...

  • Page 36
    ...0 0 Konica Gr aphic Imaging Inter national, Inc. 7 1 Charles Street, Glen Cove, NY 1 1 5 4 2 -2 8 3 7 , U.S.A. Te1 : 5 1 6 -6 7 4 -2 5 0 0 Konica Business Technologies, Inc. 5 0 0 Day Hill Road, Windsor, CT 0 6 0 9 5 , U.S.A. Te1 : 8 6 0 -6 8 3 -2 2 2 2 Digitec Office Pr oducts, Inc. 2 0 6 4 East...

  • Page 37
    ..., N.T., Hong Kong, S.A.R., China Tel: 2688-0077 Konica Business Machines Europe GmbH Lilienthalstrasse 1, 21337 Lüneburg, Germany Te1: 04131-8860 Konica France S.A. Paris-Nord II-3, Allee du Ponant-B.P . 50077-95948 Roissy C.D.G. CEDEX, France Tel: 1-49386550 Konica Manufacturing Vietnam Co...

  • Page 38
    ...Stock Exchange Listings Tokyo, Osaka...Stock The Toyo Trust and Banking Co., Ltd, 4-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan... .0 6 % 3 .3 4 % 3 .1 7 % 2 .3 8 % 2 .2 2 % 3 9 .4 7 % Stock Price Chart ( ¥) 1 ,2 0 0 Stoc k Pric e ( left sc ale) Stoc k Turnover ( right lower sc ale) Nikkei ...

  • Page 39
    ... cameras, digital still cameras, etc. Business Equipment: Paid-in Capital ( as of March 31, 2001) ¥37,519 million ( US$303 million) Plain-paper copiers, full-color copiers, facsimile machines, color laser printers, etc. Number of Employees 17,595 Medical Imaging Products: Medical imaging film...

  • Page 40
    Shinjuku Nomura Building, 2 6 -2 , Nishi Shinjuku 1 -c home, Shinjuku-ku, Tokyo 1 6 3 -0 5 1 2 , Japan Tel: ( 0 3 ) 3 3 4 9 -5 2 5 1 Fax: ( 0 3 ) 3 3 4 9 -8 9 9 8 Internet Home Page: http:/ / www.konic a.c o.jp 0109SK This report is printed in Japan on recycled paper.