Casio 2007 Annual Report Download - page 21

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In the MNS (Mobile Network Solutions) Category, sales surged 22.5% to ¥171,314 million. This is due to strong
performances by W51CA, a one-segment TV broadcast compatible phone, followed by W41CA widescreen cell
phone.
In the System Equipment Category, sales declined 0.1% to ¥48,602 million. Sales were on par with the previous
year’s level thanks to steady sales of a compact high-speed color printer that uses A3-sized paper, and a super slim
projector.
Sales in the Electronic Components and Others Segments Category fell 12.5% to ¥93,553 million, accounting for
15.1% of net sales. Specifically, sales in the Electronic Components Category fell 15.1% to ¥62,790 million. This was
the result of a decrease in revenue from our TFT LCD business due to a decline in the unit price, as well as the impact
of a fall in income for Casio Micronics Co., Ltd. Sales in the Others Category decreased 6.5% to ¥30,763 million.
Results by Region
Sales in Japan grew 0.3% to ¥345,790 million, comprising 55.7% of total sales. Sales in North America rose 42.6%
to ¥83,951 million, accounting for 13.5% of total sales, while sales in Europe were up 15.3% at ¥90,902 million,
accounting for 14.7% of total sales. Sales in Asia and other overseas regions increased 2.3% to ¥100,126 million,
accounting for 16.1% of total sales. Consequently, overseas sales increased 16.7% to ¥274,979 million.
Results of Operations
For fiscal 2007, operating income came to ¥48,074 million, up 11.5% year on year. The Electronics Segment
posted an operating income (prior to consolidation adjustments) of ¥53,891 million, up 29.1%, while the Electronic
Components and Others Segment posted an operating loss of ¥785 million. This increase in operating income is the
result of our strategy of raising value-added by strengthening the appeal of its digital cameras, cell phones, radio-
controlled watches, and electronic dictionaries, as well as company-wide efforts to improve productivity by improving
the efficiency of development and operational processes. The operating income margin rose 0.3 of a percentage
point to 7.7%.
Net financial income amounted to ¥1,106 million, compared with ¥558 million in the previous reporting period.
Net other expenses came to ¥7,797 million, up from ¥4,001 million in the previous term.
Net income grew 5.9% to ¥25,147 million, setting a record for the fourth straight term. Net income per share
came to ¥92.67, up ¥4.1 from fiscal 2006.
Equity Ratio*
0706050403
(%)
0
10
20
30
50
40
Total Assets and Equity*
0706050403
(Billions of yen)
0
100
200
300
400
500
600
Total assets
Equity
Capital Investment
0706050403
(Billions of yen)
0
5
10
15
30
25
20
* see page 31
19
Annual Report 2007