Wacom 2010 Annual Report Download

Download and view the complete annual report

Please find the complete 2010 Wacom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 23

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23

Annual Report
2010
Creating harmony
between people
and technology

Table of contents

  • Page 1
    2010 Annual Report Creating harmony between people and technology

  • Page 2
    Open up. Sense more. An idea. A dream. An inspiration. We looked inside ourselves to find the thought that defines and drives everything we do. An idea that helps us open up to experience the world in a new way. An idea to drive us forward. 2

  • Page 3
    ...the South China Penabled DualPad is developed as a new pen and touch input device for mobile information products Our stock is listed on the First Section of the Tokyo Stock Exchange Wacom Australia (a fully owned subsidiary) is established in Australia, as a sales base for the Oceania market Cintiq...

  • Page 4
    ... wide range of users around the world in creating 3D films and animations, car designs, fashion designs, medical, etc., as well as for home and hobby graphics use. Our component products are also used in advanced Tablet PCs and e-Books. As digital technology becomes an integral part of our lives, we...

  • Page 5
    ...PC segments, serving new segments such as Slate PCs, e-Books and other new mobile platforms. While we will continue to enhance our global leadership in natural user interface solutions, we will invest in development of emerging markets such as China, India, and South America. Building solid business...

  • Page 6
    ... Japan were awarded, further promoting its high reputation all around the world. Intuos4 has increased sales in emerging countries such as China and India following a global growth in digital content creation and publishing. Intuos series pen tablets are used for creating advanced computer graphics...

  • Page 7
    ...a design tool that offers high productivity to professional users. Our consumer tablets - Bamboo Our Businesses Our company is made up of three business sectors in the fiscal year ending March 31, 2011 - Tablet, Components and Other businesses. Tablet business develops and manufactures pen tablets...

  • Page 8
    Wacom Solutions Not only are they essential tools for graphics professionals; our pen tablets are also garnering praise in other fields, such as healthcare, education and business. Our technologies are changing lives by affording natural user interface solutions with the advanced pen and multi-touch...

  • Page 9
    ... in Vancouver, Washington, in the United States. The company is not only responsible for sales and customer support in North and Latin America, but also plays a central role in global marketing and product planning for professional pen tablets, and the development of driver software. Wacom Korea Co...

  • Page 10
    ...Kamoto Component Business Division, Masahiro Oba Tablet Business Unit SCM Division, Koji Shimoda Tablet Business Unit Product Development Division, Joseph Deal Wacom Technology, Han Stoffels Wacom Europe Corporate Governance The Board of Directors and Board of Corporate Auditors are responsible for...

  • Page 11
    ...in the user interface field. Additionally in the music device field as a new entry, Wacom commercialized a professional DJ device "nextbeat" and promoted it in Europe mainly. LCD tablets strengthened the product line and released new "Cintiq21UX" which adopted the advanced pen technology of "Intuos4...

  • Page 12
    ...-priced models such as "Cintiq" series for professional graphics fields influenced by the reduction of corporate investment in plant and equipment, despite the favorable sales growth of "SignPad" for the security field in Europe. With regard to the components business, the multi touch sensor system...

  • Page 13
    ...31 2009 2010 Thousands of U.S. dollars (Note 1) March 31 2010 Assets: Current assets Cash and deposits (Notes 8 and 10) Notes and accounts receivable-trade (Note 10) Short-term investment securities (Notes 2 and 11) Merchandise and finished goods (Notes 2 and 4) Work in process (Notes 2 and 4) Raw...

  • Page 14
    ... changes of items during the period Balance at the end of current period Thousands of U.S. dollars (Note 1) Year ended March 31 2010 Net sales Cost of sales (Notes 6 and 16) Gross profit Selling, general and administrative expenses (Notes 6 and 16) Operating income Non-operating income: Interest...

  • Page 15
    ...accounts of the Company and all of its majorityowned subsidiaries (8 companies) (the "Company"). Majority-owned subsidiaries are as follows; Wacom Europe GmbH Wacom Technology Corporation Wacom China Corporation Wacom Korea Co., Ltd. Wacom Australia Pty. Ltd. Wacom Hong Kong Ltd. Wacom Singapore Pte...

  • Page 16
    ... and equipment were changed to conform with the Corporate Tax Law as revised for the fiscal year ended March 31, 2009. The impact to the consolidated statement of income is not significant. (b) Intangible assets: The Company adopted the straight-line method for computing amortization. Software for...

  • Page 17
    ... Gain on sales of noncurrent assets Thousands of yen Year ended March 31 2009 2010 Thousands of U.S. dollars Year ended March 31 2010 Note: Increase in the number of shares was due to exercise of stock options. (2) Matters related to dividends a)Dividends payment Dividend payment approved at the...

  • Page 18
    ... risk of customers. Such risks are controlled by the scheme to keep track of due date and outstanding balance for every customer, and check customer's credit status on a regular basis according to the Company's credit limit management policy. "Accounts receivable - other" account mainly consists...

  • Page 19
    ... exchange forward contracts: To sell U.S. dollars To sell Euros To sell British Pound To buy U.S. dollars Total The contents of stock options, the changes in stock options and price per share information for the year ended March 31, 2010 are as follows: Date of ordinary shareholders' meeting Number...

  • Page 20
    ... Japan and U.S.A.: i) Europe: Germany, United Kingdom ii) Asia/Oceania: China, South Korea, Australia, Hong Kong, Singapore and Taiwan c) Europe segment is changed to Germany segment from the fiscal year ended March 31, 2010 as a liquidation of Wacom Components Europe Ltd. located in United Kingdom...

  • Page 21
    ...Lease obligation Other interest bearing liabilities: Accounts payable other Long-term accounts payable Total ¥600,000 ¥600,000 $6,449 - - - - 1.031 - - - - - - - - - 2,855 1,135 12 21 $6,482 9.040 2,448 1,981 ¥605,333 ¥603,116 - Due 2010 9.040 2011 Notes: a) Average interest rate is...

  • Page 22
    ... tablets • Interactive displays 2. Component Business Development, manufacture and sales of computer input components • Pen sensor components • Touch sensor components 3. Other Businesses Development, manufacture, sales of CAD solution and DJ interface device • CAD Software for electrical...

  • Page 23
    © 2010 Wacom Co., Ltd. Wacom is a trademark of the Wacom Company, Ltd. All rights reserved. All other company names and product names are trademarks or registered trademarks of their respective owners.