Nikon 2016 Annual Report Download - page 20

2007 2008 2009 2010
For the year:
Net sales ¥ 822,813 ¥ 955,792 ¥ 879,719 ¥ 785,499
Precision Equipment 291,913 290,814 219,915 150,101
Imaging Products 448,825 586,147 596,468 569,465
Instruments 59,252 59,043 44,642 45,051
Medical — — — —
Cost of sales 494,663 551,551 561,642 552,409
Selling, general and administrative expenses 226,143 269,072 269,892 246,944
Operating income (loss) 102,007 135,169 48,185 (13,854)
Precision Equipment 49,321 43,348 8,041 (58,557)
Imaging Products 45,678 83,974 40,039 52,117
Instruments 5,123 4,081 (2,724) (9,331)
Medical — — — —
EBITDA*1124,632 160,847 81,095 22,102
Income (loss) before income taxes 87,813 116,704 39,180 (17,672)
Net income (loss) attributable to owners of the parent 54,825 75,484 28,056 (12,615)
Per share of common stock (yen and U.S. dollars)*2:
Basic net income (loss) ¥ 146.36 ¥ 189.00 ¥ 70.76 ¥ (31.82)
Diluted net income 131.42 181.23 67.91 —
Cash dividends applicable to the year 18.00 25.00 18.00 8.00
Capital expenditures ¥ 30,432 ¥ 39,829 ¥ 43,467 ¥ 37,525
Depreciation and amortization 22,625 25,678 32,910 35,956
R&D costs 47,218 58,373 61,489 60,261
Proportion of R&D spending to net sales (%) 5.7 6.1 7.0 7.7
At year-end:
Total assets ¥ 748,939 ¥ 820,622 ¥ 749,805 ¥ 740,632
Total equity 348,445 393,126 379,087 372,070
Interest-bearing debt 105,338 76,544 114,940 102,388
Financial ratios:
Equity ratio (%) 46.5 47.9 50.5 50.2
Debt equity (D/E) ratio*1 (times) 0.30 0.19 0.30 0.28
Return on equity (ROE)*1 (%) 18.5 20.4 7.3 (3.4)
Return on assets (ROA)*1 (%) 7.6 9.6 3.6 (1.7)
Number of subsidiaries 49 48 48 69
Number of employees 22,705 25,342 23,759 26,125
Environment-related data:
CO2 emissions from Nikon Corporation and Group companies
in Japan (thousand tons of CO2)*3————
CO2 emissions from Group companies outside Japan
(thousand tons of CO2)*4————
Water use by Nikon Corporation and Group companies in Japan
(thousand m3) ————
*1 Throughout this report, EBITDA is calculated as operating income (loss) plus depreciation and amortization expenses, ROE is calculated as net income (loss) attributable to owners of
the parent divided by average shareholders’ equity, ROA is calculated as net income (loss) attributable to owners of the parent divided by average total assets, and D/E ratio is calcu-
lated as interest-bearing debt divided by total equity.
*2 Per share of common stock information is computed based on the weighted-average number of shares outstanding during the year.
*3 The values above are the aggregated results of CO2 emissions from energy use.
The CO2 emission factors are the weighted-average values of the actual emission factors between the scal year ended March 31, 2006,
and the scal year ended March 31, 2008 (xed for the entire period).
The CO2 emissions are calculated using the following unit heating values:
City gas: Specic value of each gas company
Other fuels: Values contained in the Manual for Calculating and Reporting Greenhouse Gas Emissions for the baseline emission calculation
*4 The CO2 emission factors are the weighted average values of International Energy Agency (IEA) factors by country between 2005 and 2007.
The IEA 2010 values are used only in 2016.
For the scal year ended March 31, 2012, the calculation of CO2 emissions from Nikon (Thailand) Co., Ltd. was limited to the period from April through September due to the tempo-
rary shutdown of the company’s plants as a result of the ood in Thailand.
*5 U.S. dollar gures are translated for reference only at ¥112.68 to $1, the exchange rate at March 31, 2016.
Performance Highlights
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31
18 NIKON REPORT 2016