Nikon 2006 Annual Report Download - page 27

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25
For the year
Net sales
Cost of sales
SG&A expenses
Operating income
Income (loss) before income taxes and minority interest
Net income (loss)
Per share of common stock (Yen and U.S. Dollars):
Net income (loss)
Diluted net income
Cash dividends applicable to the year
Capital expenditures
Depreciation and amortization
R&D costs
At year-end
Total assets
Shareholders’ equity
Notes: 1. Per share of common stock is computed based on the weighted average number of shares outstanding during the year.
2. U.S. Dollar figures are translated for reference only at ¥117.47 to U.S. $1.00, the approximate exchange rate at March 31, 2006.
3. Diluted net income per share for the year ended March 31, 2003 and 2002 is not disclosed because of the Company’s net loss position.
OPERATING ENVIRONMENT
In the fiscal year ended March 31, 2006, the U.S. economy progressed steadily as a result of increased consumer spending and capital
investment combined with a continued favorable employment environment. The European economy was on a recovery trend on the whole
due primarily to rising exports, while the Asian economy continued to grow steadily, particularly China.
With regard to Nikon Group business segments, in Precision Equipment and Instruments, growth in the semiconductor and LCD markets
led to strong capital investment. In Imaging Products, the digital camera market continued moderate expansion.
Precision Equipment
Share of net sales
Imaging Products
Share of net sales
Instruments
Share of net sales
Other
Share of net sales
Total
(Elimination)
Consolidated
Net Sales by Industry Segment
Years ended March 31, 2006 and 2005
Thousands of
U.S. Dollars
2006
$ 6,222,387
3,992,030
1,663,514
566,843
348,389
246,400
$ 0.67
0.59
0.09
$ 219,776
176,726
316,159
$ 5,881,668
2,069,654
2002
¥ 482,975
306,793
153,943
22,239
2,755
(6,004)
¥ (16.23)
4.00
¥ 33,546
17,917
27,313
¥ 561,276
176,961
2003
¥ 468,959
307,503
157,269
4,187
(11,128)
(8,143)
¥ (22.03)
¥ 20,226
20,435
27,506
¥ 576,912
162,464
2004
¥ 506,378
346,898
155,805
3,675
9,490
2,410
¥ 6.52
6.02
4.00
¥ 22,267
20,213
30,165
¥ 606,513
171,194
2005
¥ 638,468
429,143
178,780
30,545
33,443
24,141
¥ 65.19
57.84
8.00
¥ 22,459
19,705
33,561
¥ 633,426
196,030
2006
¥ 730,944
468,944
195,413
66,587
40,925
28,945
¥ 78.16
69.33
10.00
¥ 25,817
20,760
37,139
¥ 690,920
243,122
Millions of Yen
Thousands of
U.S. Dollars
2006
$ 2,070,376
3,546,489
467,141
424,214
$ 6,508,220
(285,833)
$ 6,222,387
2005
¥ 214,326
33.6%
355,489
55.7
52,184
8.2
44,253
6.9
¥ 666,252
(27,784)
(4.4)
¥ 638,468
2006
¥ 243,207
33.3%
416,607
57.0
54,875
7.5
49,832
6.8
¥ 764,521
(33,577)
(4.6)
¥ 730,944
Millions of Yen, %
FIVE-YEAR SUMMARY
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31
MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATIONS