Pentax 2009 Annual Report Download - page 40

38 HOYA Annual Report 2009
Eleven-Year Summary of Consolidated Financial Data
(Fiscal Years Ended March 31)
1999 2000 2001 2002
Net sales (Millions of yen) Hoya 201,290 201,110 236,802 235,265
Pentax
128,080 113,554 103,526 105,165
Operating income (Millions of yen) Hoya 31,726 34,688 45,128 43,898
Pentax 9,897 736 (512) 1,481
Ordinary income (Millions of yen) Hoya 33,612 35,484 48,184 45,774
Pentax 8,316 (3,203) (626) 682
Net income (Millions of yen) Hoya 17,837 20,716 21,860 23,741
Pentax 6,410 (12,144) (1,241) (5,034)
Return on assets (ROA) (%) 7.8 8.9 8.6 8.7
Return on owners’ equity (ROE) (%) 11.6 12.4 11.8 11.5
Owners’ equity ratio (%) 71.7 73.2 73.0 78.8
Inventory turnover (Months) 3.2 3.3 3.1 3.2
Capital expenditures (Millions of yen) 13,654 17,770 39,673 19,585
Depreciation, amortization and other (Millions of yen)*118,234 16,051 32,138 20,105
Research and development expenses (Billions of yen) 7.8 7.7 7.3 7.3
Per share data (after adjustment for stock split) (Yen) *2
Net income 37.77 44.06 46.65 50.78
Cash dividends 7.50 8.75 12.50 12.50
Cash flow*377.65 79.15 116.24 88.31
Owners’ equity*4340.56 376.55 420.11 471.55
Price earnings ratio (PER) (Times) 44.5 55.0 43.7 44.5
Price cash flow ratio (PCFR) (Times) 21.6 30.6 17.6 25.6
Price book value ratio (PBR) (Times) 4.9 6.4 4.9 4.8
Stock price at year-end (Yen) (after adjustment for stock split) 1,680 2,425 2,040 2,260
Employees 9,414 10,651 12,966 13,311
Notes: 1. Effective April 1, 2002, the Company adopted “Accounting Standard for Earnings per Share” (Statement No. 2 issued by the Accounting Standards Board of Japan
on September 25, 2002) and “Guidance on Accounting Standard for Earnings per Share” (Guidance No. 4 issued by the Accounting Standards Board of Japan on
September 25, 2002). Net income per share and related data prior to that date are also calculated according to the standard for purposes of comparison.
2. On December 9, 2005, the Accounting Standards Board of Japan (ASBJ) published a new accounting standard for presentation of equity, which is effective from the
fiscal year ended March 31, 2007. Under this accounting standard, certain items which were previously presented as liabilities or assets are now presented as com-
ponents of equity. Such items include stock subscription rights, minority interests and any deferred gain on derivative instruments. The Company now uses
“Owners’ equity” to replace the former “Shareholders’ equity,” which excludes such items as stock subscription rights and minority interests from Total equity.
3. Owing to the inclusion in the scope of consolidation of Pentax Corporation and its subsidiaries on August 14, 2007, consolidated operating results for the fiscal year
ended March 31, 2008, include the operating results of Pentax Corporation and its subsidiaries for the second half of the fiscal year (from October 1, 2007, to March
31, 2008). For reference, only the most important components of operating results during previous fiscal periods (through the first half of the fiscal year ended
March 31, 2008) are shown individually for Pentax Corporation and its subsidiaries. Pentax Corporation was merged by absorption into Hoya Corporation on March
31, 2008.