Wacom 2010 Annual Report Download - page 20

37
Year ended March 31, 2010
I. Net sales:
(1) Outside customers
(2) Inter-segment
Total
Operating expenses
Operating income
II. Assets, depreciation
and capital expenditure:
Assets
Depreciation
Capital expenditure
$4,415
-
4,415
5,587
($1,172)
$5,036
340
240
$344,417
-
344,417
293,138
$51,279
$195,275
6,800
6,407
$ -
(-)
(-)
17,661
($17,661)
$107,814
1,338
8,482
$344,417
-
344,417
310,799
$33,618
$303,089
8,138
14,889
$340,002
-
340,002
287,551
$52,451
$190,239
6,460
6,167
Thousands of U.S. dollars
ECS
business
ESD
business Total
Elimination/
Corporate
Consolidated
Segment information by business activity is
determined based upon consideration of the
product line and management control of the
business.
The main products of each business segment
include the following:
i) ESD business: Professional graphics tablet,
Consumer graphics tablet, LCD tablet, Pen sensor
component, etc.
ii) ECS business: ECAD/dio, etc.
Notes:
a)
b)
Elimination or Corporate expenses of ¥1,948,967
thousand and ¥1,643,153 thousand ($17,661
thousand) during the years ended March 31, 2009
and 2010, respectively, mainly include the adminis-
trative expenses of the Company.
Elimination or Corporate assets of ¥10,674,134
thousand and ¥10,031,050 thousand ($107,814
thousand) at March 31, 2009 and 2010, respec-
tively, primary includes cash, investment securities
and assets belonging to the general and adminis-
trative departments of the Company.
Effective from the fiscal year ended March 31, 2009,
the Company changed accounting policies as
stated in Note 2 (2) (c) Inventories. As a result,
operating profit decreased by ¥40,130 thousand for
ESD business and ¥200 thousand for ECS business
compared with what would have been reported
under the previous accounting policy.
Effective from the fiscal year ended March 31, 2009,
the Company changed accounting policies as
stated in Note 3 (1) Practical solution on unification
of accounting policies applied to foreign subsidiar-
ies for the consolidated financial statements. As a
result, operating profit decreased by ¥17,576
thousand for ESD business compared with what
would have been reported under the previous
accounting policy.
c)
d)
e)
f)
Segment information by geographic area is deter-
mined by taking into account the geographic area
where the Company or its subsidiaries are located.
The countries in each geographic segment exclud-
ing Japan and U.S.A.:
i) Europe: Germany, United Kingdom
ii) Asia/Oceania: China, South Korea, Australia,
Hong Kong, Singapore and Taiwan
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 was completed. There is
no impact on the consolidated statements as a
result of this change.
Elimination or Corporate expenses of ¥1,948,967
thousand and ¥1,643,153 thousand ($17,661
thousand) during the years ended March 31, 2009
and 2010, respectively, mainly include the adminis-
trative expenses of the Company.
Notes:
a)
b)
c)
d)
Year ended March 31, 2010
I. Net sales:
(1) Outside customers
(2) Inter-segment
Tot al
Operating expenses
Operating income
II. Assets
Thousands of U.S. dollars
U.S.A.Japan Europe
Asia/
Oceania
Total
Elimination/
Corporate Consolidated
$99,749
3,537
103,286
103,776
($490)
$56,027
$88,572
566
89,138
83,741
$5,397
$39,260
$38,608
2,410
41,018
38,485
$2,533
$19,404
$344,417
156,244
500,661
453,355
$47,306
$250,172
$ -
(156,244)
(156,244)
(142,556)
($13,688)
$52,917
$344,417
-
344,417
310,799
$33,618
$303,089
$117,488
149,731
267,219
227,353
$39,866
$135,481
Year ended March 31, 2010
I. Net sales:
(1) Outside customers
(2) Inter-segment
Tot al
Operating expenses
Operating income
II. Assets
Thousands of yen
U.S.A.Japan Europe
Asia/
Oceania
Total
Elimination/
Corporate Consolidated
¥9,280,641
329,117
9,609,758
9,655,323
(¥45,565)
¥5,212,724
¥8,240,731
52,665
8,293,396
7,791,244
¥502,152
¥3,652,776
¥3,592,145
224,158
3,816,303
3,580,644
¥235,659
¥1,805,363
¥32,044,578
14,536,889
46,581,467
42,180,092
¥4,401,375
¥23,275,972
¥ -
(14,536,889)
(14,536,889)
(13,263,336)
(¥1,273,553)
¥4,923,457
¥32,044,578
-
32,044,578
28,916,756
¥3,127,822
¥28,199,429
¥10,931,061
13,930,949
24,862,010
21,152,881
¥3,709,129
¥12,605,109
Year ended March 31, 2009
I. Net sales:
(1) Outside customers
(2) Inter-segment
Tot al
Operating expenses
Operating income
II. Assets
Thousands of yen
U.S.A.Japan Europe
Asia/
Oceania
Total
Elimination/
Corporate Consolidated
¥9,816,329
233,032
10,049,361
9,693,111
¥356,250
¥4,997,714
¥7,995,377
-
7,995,377
7,642,570
¥352,807
¥3,444,995
¥3,224,476
52,195
3,276,671
3,232,594
¥44,077
¥1,370,768
¥33,809,138
15,007,155
48,816,293
42,710,140
¥6,106,153
¥19,140,396
¥ -
(15,007,155)
(15,007,155)
(13,212,380)
(¥1,794,775)
¥6,490,661
¥33,809,138
-
33,809,138
29,497,760
¥4,311,378
¥25,631,057
¥12,772,956
14,721,928
27,494,884
22,141,865
¥5,353,019
¥9,326,919
(2) Segments by geography -
38
Notes to Consolidated Financial Statements
Year ended March 31, 2010
I.Overseas sales
II.Consolidated sales
III.Percentage of overseas
sales to
consolidated sales
Thousands of yen
¥8,072,554
-
25.2%
¥7,081,700
-
22.1%
¥504,019
-
1.6%
¥25,055,355
32,044,578
78.2%
¥9,397,082
-
29.3%
Year ended March 31, 2010
I.Overseas sales
II.Consolidated sales
III.Percentage of overseas
sales to
consolidated sales
Thousands of U.S. dollars
$86,764
-
25.2%
$76,115
-
22.1%
$5,417
-
1.6%
$269,297
344,417
78.2%
$101,001
-
29.3%
Countries or regions are determined by geographi-
cal proximity.
Principal countries or regions belonging to each
segment:
i) North America: U.S.A. and Canada
ii) Europe: United Kingdom, Germany, France,
Netherlands, etc.
iii) Asia/ Oceania: South Korea, Taiwan, Australia,
China, etc.
iv) Others: Middle East, South America, Africa, etc.
Notes:
a)
b)
North
America
Asia/
Oceania Others Total
Europe
North
America
Asia/
Oceania Others Total
Europe
Year ended March 31, 2009
I.Overseas sales
II.Consolidated sales
III.Percentage of overseas
sales to
consolidated sales
Thousands of yen
¥7,916,818
-
23.4%
¥8,243,340
-
24.4%
¥303,777
-
0.9%
¥26,321,639
33,809,138
77.9%
¥9,857,704
-
29.2%
(3) Overseas sales
North
America
Asia/
Oceania Others Total
Europe
Elimination or Corporate assets of ¥10,674,134
thousand and ¥10,031,050 thousand ($107,814
thousand) at March 31, 2009 and 2010, respectively,
mainly include cash, investment securities and
assets belonging to the general and administrative
departments of the Company.
Effective from the fiscal year ended March 31, 2009,
the Company changed accounting policies as
stated in Note 2 (2) (c) Inventories. As a result,
operating profit decreased by ¥40,330 thousand for
Japan compared with what would have been
reported under the previous accounting policy.
Effective from the fiscal year ended March 31, 2009,
the Company changed accounting policies as
stated in Note 3 (1) Practical solution on unification
of accounting policies applied to foreign subsidiar-
ies for the consolidated financial statements. As a
result, operating profit decreased by ¥17,576
thousand for U.S.A. compared with what would
have been reported under the previous accounting
policy.
e)
f)
g)
Overseas sales comprise the sales of the Company
and its subsidiaries outside Japan.
c)
17. Related party transactions
There were no applicable transactions under this
category for the year ended March 31, 2009 and year
ended March 31, 2010.
(Additional information)
“Accounting Standard for Related Party Transactions”
(Accounting Standards Board of Japan Statement No.
11, issued on October 17, 2006) and “Implementation
Guidance on Accounting Standard for Related Party
Transactions” (Accounting Standards Board of Japan
Guidance No. 13, issued on October 17, 2006) has been
adopted effective for the fiscal year ended March 31,
2009.
As a result, in addition to directors who are included in
disclosure scope for related party transactions in past
years, directors of significant subsidiaries of the
Company, Joseph E. Deal (Wacom Technology Corpora-
tion) and Han Stoffels (Wacom Europe GmbH) have been
included in a disclosure scope for related party transac-
tions for the year ended March 31, 2009.
18. Earnings per share information:
The computation of net income per share is based on
the weighted-average number of common shares
outstanding during each fiscal year. Treasury stocks
held during these fiscal years are excluded.
Note: The basis for calculating basic and diluted earning
per share is as follows.
¥44,303.37
6,213.93
6,197.78
¥45,467.55
4,899.57
4,888.56
$488.69
52.66
52.54
Net assets per share
Net income per share
Diluted net income per share
U.S. dollars
Yen
March 31 March 31
2009 2010 2010
March 31
¥2,579,025
-
2,579,025
415,039
-
1,082
¥1,968,406
-
1,968,406
401,751
-
905
$21,157
-
21,157
-
-
-
Basic net income per share
Net income
Net income not available to common
shareholders
Net income available to common shareholders
Weighted-average number of
shares outstanding (shares)
Diluted net income per share
Amount of net income adjustment
Increase in the number of common
shares outstanding during each fiscal
year that would result in exercising
options to issue new shares(shares)
Thousands of
U.S. dollars
Thousands of yen
March 31
2009 2010 2010