Olympus 2005 Annual Report Download - page 48

46 O LYMPUS 2 00 5
Thousands of U.S. dollars
2005
Imaging Medical Life Information and Elimination
Systems Systems Science Co mmunication and Conso lidated
Business Business Business Business O thers Total Corporate Total
Net sales:
Unaffiliated customers............. $2,52 4,409 $2,09 5,682 $921,04 5 $1,48 4,073 $370,59 1 $7 ,395,800 $ —$7 ,395,800
Intersegment ......................... 246 45 110 —8 4 09 (409) —
Total ....................................... 2,524 ,655 2 ,095,727 9 21,155 1,484,0 73 370,599 7,396,2 09 (409 ) 7,395,8 00
O perating expenses................... 2,741 ,700 1,502,036 860,21 0 1 ,493,500 3 87,272 6,984,7 18 200,60 0 7 ,185,318
O perating income (loss) ............. (217,045 ) 593,6 91 60,945 (9,42 7) (16,673) 4 11,491 (201,009 ) 210,4 82
Assets ..................................... 1 ,315,518 1 ,613,455 6 89,164 1,099,9 64 533,08 1 5,251,1 82 2,549 ,573 7,800,7 55
Depreciation and amortization .... 1 0 1,673 8 6,118 39,1 27 7 ,627 15,4 0 0 249,945 20,582 270,52 7
Capital expenditures.................. $ 1 45,336 $ 1 33,355 $ 56,3 1 8 $ 1 2,009 $ 15,837 $ 3 62,855 $ 56,481 $ 419,3 36
No te: These five business segments include the following products:
Imaging Systems Business: Film cameras, Digital cameras, Voice Recorders, Magneto-optical disk drives
Medical Systems Business: M edical endoscopes, Surgical endoscopes, Endo-therapy devices, Ultrasound endoscopes
Life Science Business: Diagnostic systems, Biological microscopes, Analytical services of genomic information, Industrial microscopes
Information and Communication Business: Mobile terminals, Mobile solutions, Mobile content services, N etwork infrastructure systems, System development,
Semiconductor devices, Electric equipment
O thers: Medical new business, Software development, Industrial endoscopes, Printers, Bar code data processing equipment,
Measuring equipment, etc.
(b) O n May 31, 2005, the Company acquired 1 0 0% of the shares outstanding of R/ D Tech Inc. (Québec, Canada) through its wholly owned
subsidiary, O lympus NDT Canada Inc. (Q uébec, Canada) for a total o f approximately 117 million Canadian dollars (approximately
¥10,100 million, US$91,818 thousand). Following the acquisition, the Company to ok in technology in the areas o f ultrasound defect
detectio n and eddy current defect detection. By integrating the advanced technologies of O lympus and R/ D Tech Inc., it will be possible
to create new value in the non-destructive testing (NDT) field. O lympus NDT Canada Inc. merged with R/ D Tech Inc. on May 31, 2005 .
The overview of R/ D Tech Inc., O lympus NDT Canada Inc. and company after the merger are as belo w.
1. R/ D Tech Inc.
(1) Trading name: R/ D Tech Inc.
(2) Representative: Alain Allard
(3) Address: 505, boul. du Parc-Technologique, Q uébec G1P 4 S9, Canada
(4) Principal activities: Development, manufacturing and sale of non-destructive testing equipment
(5) Common stock: CN$2,362,152
(6) Numbers of shares outstanding: 8 ,3 93,631
2. O lympus NDT Canada Inc.
(1) Trading name: O lympus NDT Canada Inc.
(2) Representative: Yasuo Yoda
(3) Address: 1000, de La Gauchetière Street West, Suite 2100, Mo ntréal, Q uébec H3B 4W 5, Canada
(4) Relationship to the Company: 100% subsidiary of the Company
3. Company after the merger
(1) Trading name: O lympus NDT Canada Inc.
(2) Representative: Toshihiko O kubo
(3) Address: 1000, de La Gauchetière Street West, Suite 2100, Mo ntréal, Q uébec H3B 4W 5, Canada
(4) Principal activities: Development, manufacturing and sale of non-destructive testing equipment
(5) Common stock: CN$20,000,001
(6) Numbers of shares outstanding: 1 0 1
(7) Relationship to the Company: 100% subsidiary of the Company
(c) At the general meeting held on June 29, 2 0 05, the shareholders appro ved a cash dividend totaling ¥1,978 millio n ($17,9 8 2 thousand)
or ¥7.50 ($0.0 7 ) per share. In accordance with the Code, the declaration o f this dividend has not been reflected in the accompanying
consolidated financial statements as of March 31, 200 5 .