Oki 2001 Annual Report Download - page 30

Oki Electric Industry Co., Ltd. Annual Report 2001
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The geographical segment information of the Company and its consolidated subsidiaries for the years ended March 31, 2001, 2000 and 1999 is
outlined as follows:
Millions of yen
Japan North America Other Total Eliminations Consolidated
Year ended March 31 2001
Sales to third parties ........................... ¥0,576,473 ¥084,788 ¥0,078,989 ¥0,740,250 ¥ —.¥,0740,250
Interarea sales ..................................... 102,461 265 58,898 161,625 (161,625) —
Total sales ........................................... 678,935 85,053 137,887 901,875 (161,625) 740,250
Operating expenses ............................. 652,481 85,165 135,499 873,145 (161,209) 711,935
Operating income (loss) ..................... ¥0,026,453 ¥000(111) ¥0,002,388 ¥0,028,730 ¥,0,000(415) ¥,0028,314
Total assets .......................................... ¥0,752,473 ¥044,586 ¥0,073,827 ¥0,870,887 ¥ (138,404) ¥,0732,483
Japan North America Other Total Eliminations Consolidated
Year ended March 31 2000
Sales to third parties ........................... ¥0,526,986 ¥073,623 ¥0,069,166 ¥0,669,776 ¥ —.¥0,669,776
Interarea sales ..................................... 102,842 377 42,275 145,494 (145,494) —
Total sales ........................................... 629,829 74,001 111,441 815,271 (145,494) 669,776
Operating expenses ............................. 615,176 75,231 109,835 800,243 (144,270) 655,972
Operating income (loss) ..................... ¥0,014,652 ¥ (1,230) ¥0,001,605 ¥0,015,028 ¥0,00(1,224) ¥0,013,804
Total assets .......................................... ¥0,759,709 ¥045,627 ¥0,060,412 ¥0,865,749 ¥0,(117,317) ¥,0748,432
Japan North America Other Total Eliminations Consolidated
Year ended March 31 1999
Sales to third parties ........................... ¥0,520,511 ¥075,854 ¥0,076,805 ¥0,673,170 ¥ —.¥0,673,170
Interarea sales ..................................... 102,435 3,306 38,135 143,877 (143,877) —
Total sales ........................................... 622,946 79,161 114,940 817,048 (143,877) 673,170
Operating expenses ............................. 657,257 83,100 114,440 854,798 (143,330) 711,468
Operating income (loss) ..................... ¥0, (34,310) ¥ 0(3,939) ¥0,000,499 ¥0, (37,750) ¥ 0000,(547) ¥0,(38,297)
Total assets .......................................... ¥0,801,817 ¥038,864 ¥0,056,840 ¥0,897,523 ¥ 00(97,628) ¥0,799,894
Thousands of U.S. dollars
Japan North America Other Total Eliminations Consolidated
Year ended March 31 2001
Sales to third parties ........................... $4,648,979 $683,775 $ 637,008 $5,969,763 $(0,000,0—.$5,969,763
Interarea sales ..................................... 826,305 2,139 474,985 1,303,429 (1,303,429) —
Total sales ........................................... 5,475,284 685,914 1,111,993 7,273,192 (1,303,429) 5,969,763
Operating expenses ............................. 5,261,947 686,814 1,092,735 7,041,497 (1,300,079) 5,741,417
Operating income (loss) ..................... $0,213,337 $000(900) $0,019,258 $0,231,695 $1,11(3,349) $0,228,345
Total assets .......................................... $6,068,355 $359,564 $0,595,384 $7,023,284 $(1,116,162) $5,907,121
Overseas sales, which include export sales of the Company and its domestic consolidated subsidiaries and sales of the foreign consolidated
subsidiaries (other than exports to Japan), totaled ¥184,704 million ($1,489,552 thousand), ¥163,887 million and ¥171,064 million, or 25.0%, 24.5%
and 25.4% of consolidated net sales for the years ended March 31, 2001, 2000 and 1999, respectively.
18 . Stock Option Plan
On June 28, 2001 and June 29, 2000, the shareholders approved stock
option plans to grant warrants for purchasing shares of the Company’s
common stock to the directors and executive officers in accordance
with article 280-19 of the Commercial Code of Japan and item 12 of
the Company’s Articles of Incorporation. Under these plans, a maxi-
mum of 386,000 shares and 289,000 shares were granted to the
directors and executive officers, respectively.
The stock option prices are determined, subject to adjustment, by
multiplying the higher of the average final price of the Company’s
common stock traded on the Tokyo Stock Exchange in the month prior
to the date of the granting of the options or the corresponding final price
on the day prior to the granting of the options, by a factor of 1.05.
The stock options will become exercisable during the period from
July 1, 2002 to June 30, 2006.