Nikon 2004 Annual Report Download - page 21

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19
FINANCIAL REVIEW AND ANALYSIS
At fiscal year-end, total assets amounted to ¥606,513 million, up ¥29,601 million, or 5.1%, relative to the previous fiscal year-end. This
increase primarily reflected higher levels of accounts receivable and inventories. Current assets totaled ¥409,331 million, up 5.4%.
An increase in accounts payable was the main reason for total liabilities rising by ¥20,848 million.
The combined effects of net income for the year of ¥2,410 million and an unrealized gain on available-for-sale securities resulted in a net
increase in total shareholders’ equity of ¥8,730 million.
In terms of cash flows, cash and cash equivalents at year-end amounted to ¥16,099 million. Net cash provided by operating activities
totaled ¥1,400 million, mainly owing to an increase in accounts payable, which offset increases in accounts receivable and inventories. Net
cash used in investing activities to fund capital expenditure, mainly related to payments for property, plant and equipment, and other factors,
amounted to ¥8,328 million. Net cash used in financing activities totaled ¥184 million mainly due to a decrease in commercial paper and
expenses from bond retirement, which countered revenue from bond issuance.
NET SALES
(¥ Million)
OPERATING INCOME
(¥ Million)
NET INCOME (LOSS)
(¥ Million)
371,801
483,957
482,975
468,959
506,378
18,434
61,423
22,239
4,187
3,675
7,770
20,911
(6,004)
(8,143)
2,410
21.01
56.53
(16.23)
(22.03)
6.52 6.02
17,798
22,794
27,313
27,506
30,165
166,495
186,119
176,961
162,464
171,194
4.7
11.9
(3.3)
(4.8)
1.4
13,881
25,996
33,546
20,226
22,267
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BASIC NET INCOME (LOSS)
PER SHARE (¥)
DILUTED NET INCOME
PER SHARE (¥)
R&D COSTS
(¥ Million)
SHAREHOLDERS’ EQUITY
(¥ Million)
RETURN ON EQUITY
(%)
CAPITAL EXPENDITURES
(¥ Million)