Konica Minolta 2004 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2004 Konica Minolta 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 62

  • 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

52
Millions of yen
Medical and Elimination
Business Photo Graphic and
Technologies Optics Imaging Imaging Sensing Other Total Corporate Consolidation
2004: Net sales
Outside ¥431,118 ¥76,711 ¥223,962 ¥120,871 ¥2,657 ¥ 5,100 ¥ 860,420 ¥ — ¥860,420
Intersegment 24,594 17,948 15,057 23,461 1,236 43,909 126,207 (126,207) —
Total 455,712 94,660 239,019 144,332 3,893 49,009 986,628 (126,207) 860,420
Operating expenses 409,303 78,491 244,392 136,426 3,092 40,831 912,538 (109,647) 802,890
Operating income ¥ 46,408 ¥16,168 ¥ (5,372) ¥ 7,906 ¥ 801 ¥ 8,177 ¥ 74,090 ¥ (16,559) ¥ 57,530
Assets ¥431,374 ¥86,726 ¥196,027 ¥106,930 ¥7,703 ¥479,901 ¥1,308,664 ¥(339,074) ¥969,589
Depreciation 22,151 4,846 7,229 4,698 72 5,390 44,386 — 44,386
Capital expenditure 11,660 4,976 7,815 4,529 70 6,257 35,307 — 35,307
14. Segment Information
(1) Business Segment Information
Historically, Konica had classified its business into the two segments of
the photographic related business (Photographic Materials) and the busi-
ness technologies related business (Business Machines). Such categoriza-
tion was based on product type similarity and the product market.
Effective April 1, 2003, Konica established a holding company and
transferred its business operations to newly established subsidiaries (busi-
ness companies) under the holding company. In accordance with the
changes in the organization and in order to better strengthen the effec-
tiveness of its segment information, the Company determined to change
its segments into the following five business segments: Business
Technologies, Optics, Photo Imaging, Medical and Graphic Imaging
and Other. After the merger with Minolta, the Company added the
Sensing segment. As of March 31, 2004, the Company operates in six
reportable business segments.
Business segment information of the Companies for the years ended
March 31, 2004 and 2003 is presented as follows:
Business segment Related business segment products
Business Technologies: Copy machines, printers and others
Optics: Optical devices, electronic materials and others
Photo Imaging: Photographic film and materials, ink-jet products,
cameras and others
Medical and X-ray or graphic film, equipment for medical or
Graphic Imaging: graphic use and others
Sensing: Industrial or medical measurement instruments
Other: Others products not categorized in the above
segments
(2) Interest-Rate-Related Derivatives
Millions of yen Thousands of U.S. dollars
2004 2003 2004
Contract value Contract value Contract value
(notional (notional (notional
principal Fair Unrealized principal Fair Unrealized principal Fair Unrealized
amount) value gain (loss) amount) value gain (loss) amount) value gain (loss)
Interest-rate swaps:
Receive fixed, pay floating ¥1,056 ¥(51) ¥(51) ¥ — ¥ — ¥ — $9,991 $(483) $(483)
Interest-rate swaptions:
Sold, call-swaptions ———4,796 (174) (174) ———
Total ¥1,056 ¥(51) ¥(51) ¥4,796 ¥(174) ¥(174) $9,991 $(483) $(483)
Notes:1. The market value is provided by the financial institutions with whom the derivative contracts were transacted.
2. Derivative transactions with hedge accounting applied are excluded in the above table.
3. Contract value (notional principal amount) does not show the size of the risks of interest-rate swaps and swaptions.