Omron 2003 Annual Report Download - page 24

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Six-year Summary
OMRON Corporation and Subsidiaries
Years ended March 31
Millions of yen (except per share data)
2003 2002 2001 2000 1999 1998
Net Sales (Notes 2 and 3):
Industrial Automation ...................................... ¥202,518 ¥184,185 ¥227,691 ¥215,087 ¥245,785 ¥ —
Electronic Components................................... 138,845 131,862 129,444 109,661 56,673 —
Social Systems Business ................................ 116,652 128,057 141,928 128,534 135,872 138,203
Healthcare ....................................................... 42,331 40,617 39,327 42,640 43,729 40,793
Open Systems ................................................. —————50,131
Control Components and Systems ................. —————313,642
Specialty Products .......................................... —————47,263
Others.............................................................. 34,727 49,243 55,869 59,436 73,221 21,763
535,073 533,964 594,259 555,358 555,280 611,795
Costs and Expenses:
Cost of sales.................................................... 327,413 353,429 376,194 358,911 364,314 387,445
Selling, general and administrative expenses
... 135,112 134,907 131,203 133,662 136,734 138,404
Research and development expenses ............ 40,235 41,407 42,513 36,605 42,383 39,914
Interest expenses, net ..................................... 348 223 111 750 862 682
Foreign exchange loss, net ............................. 575 1,506 1,389 2,841 2,766 4,419
Other expenses (income), net.......................... 26,658 27,865 2,812 1,553 (28) (1,312)
530,341 559,337 554,222 534,322 547,031 569,552
Income (Loss) before Income Taxes,
Minority Interests and Cumulative
Effect of Accounting Change....................... 4,732 (25,373) 40,037 21,036 8,249 42,243
Income Taxes .................................................... 3,936 (9,348) 17,318 9,048 6,044 23,371
Minority Interests .............................................. 285 132 422 427 31 168
Income (Loss) before Cumulative
Effect of Accounting Change......................... 511 (16,157) 22,297 11,561 2,174 18,704
Net Income (Loss) ............................................. 511 (15,773) 22,297 11,561 2,174 18,704
Per Share Data (yen):
Income (Loss) before Cumulative
Effect of Accounting Change
Basic ........................................................ ¥2.1 ¥(65.0) ¥ 87.4 ¥ 45.0 ¥ 8.3 ¥ 71.4
Diluted ..................................................... 2.1 (65.0) 85.3 44.5 8.3 69.8
Net Income (Loss)
Basic ........................................................ 2.1 (63.5) 87.4 45.0 8.3 71.4
Diluted ..................................................... 2.1 (63.5) 85.3 44.5 8.3 69.8
Cash Dividends (Note 1) ................................ 10.0 13.0 13.0 13.0 13.0 13.0
Capital Expenditures (cash basis) ................... ¥34,454 ¥38,896 ¥ 37,583 ¥ 31,146 ¥ 36,696 ¥ 35,896
Total Assets ....................................................... 567,399 549,366 593,144 579,489 580,586 593,129
Total Shareholders’ Equity ............................... 251,610 298,234 325,958 336,062 321,258 343,066
Value Indicators:
Gross profit margin (%) ................................... 38.8 33.8 36.7 35.4 34.4 36.7
Income (loss) before tax/Net sales (%)............ 0.9 (4.8) 6.7 3.8 1.5 6.9
Return on sales (%) ......................................... 0.1 (3.0) 3.8 2.1 0.4 3.1
Return on assets (%) ....................................... 0.8 (4.4) 6.8 3.6 1.4 7.0
Return on equity (%)........................................ 0.2 (5.1) 6.7 3.5 0.7 5.5
Inventory turnover (times)................................ 4.36 4.25 4.44 4.56 4.18 4.28
Price/earning ratio (times)................................ 900.8 —23.6 64.9 175.0 28.3
Assets turnover (times) .................................... 0.96 0.93 1.01 0.96 0.95 1.02
Debt/equity ratio (times) .................................. 1.255 0.842 0.820 0.724 0.807 0.729
Interest coverage ratio (times) ......................... 23.59 4.36 26.83 14.64 5.56 20.05
Notes: 1. Cash dividends per share represent the amounts applicable to the respective year, including dividends to be paid after the end of the year.
2. Certain reclassifications have been made to the net sales amounts previously reported for 2002 in order for them to conform to 2003 categories. The
amounts previously reported for 2002 were: Industrial Automation, ¥186,984 million; Electronic Components, ¥128,193 million; Social Systems, ¥124,627
million. These same reclassifications could not be made to net sales amounts previously reported for 2001 and earlier because the necessary data is not
readily available.
3. Categories within net sales for 1998 reflect the categories at that time, which can not be restated to conform to present categories following reorganization.
22 • Omron Corporation