Pentax 2003 Annual Report Download - page 27

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25
The Company pushed through a number of structural reform
measures during the fiscal year under review with the aim of elimi-
nating future liabilities. The Company posted ¥14,949 million for
compensation resulting from the dissolution of the Company’s em-
ployees’ funded pension plan, and ¥3,691 million for additional
retirement benefits paid to employees resulting from restructuring
of 19 domestic businesses. As a result, income before income taxes
and minority interests fell 23.5% from the previous fiscal year to
¥28,743 million, and net income declined 15.6% to ¥20,038
million.
Net income per share fell from ¥203.15 for the previous fiscal
year to ¥171.10, a decline of ¥32.05. Return on assets (ROA) fell
1.4 percentage points to 7.3%, and return on equity (ROE)
dropped 2.5 percentage points to 9.0%.
19.3
20.1
12.4
19.4
18.2
10.7
17.7
19.9
9.0
18.4
19.6
8.3
20.6
17.7
11.2
22.6
23.0
12.9
21.8
20.2
-3.4*
21.1
21.8
11.9
2002-4Q2002-3Q2002-2Q2002-1Q
30.0
20.0
0
-10.0
10.0
2003-4Q2003-3Q2003-2Q2003-1Q
Operating income ratio (%)
Ordinary income ratio (%)
Return on sales (%)
Quarterly Profit Ratio
1st quarter of 2002
to 4th quarter of 2003
(%)
*An extraordinary loss of ¥14,949 million for compensation resulting from the dissolution of the Company’s employees’ funded pension plan was posted during the third quarter of fiscal 2003, resulting in return
on sales for the quarter of -3.4%.
Operating income ratio (%)
Ordinary income ratio (%)
Return on sales (%)
Profit Ratio
15.8
16.7
8.9
17.2
17.6
10.3
19.1
20.3
9.2
18.7
19.5
10.1
21.5
20.7
8.1
30.0
22.5
7.5
15.0
0
1999 2000 2001 2002 2003
(%)