Casio 2014 Annual Report Download

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Creativity That Makes
Lives Better Worldwide
ANNUAL REPORT 2014
For the year ended March 31, 2014

Table of contents

  • Page 1
    ANNUAL REPORT 2014 For the year ended March 31, 2014 Creativity That Makes Lives Better Worldwide

  • Page 2
    ...Corporate Data 40 41 User Guide The Search function is available for this pdf file. Print Search Move back to previous page Page number PAGE 01 Web Move forward to next page Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Other icons Special Feature Governance...

  • Page 3
    ... transferred to the first section of the Tokyo Stock Exchange. Casio Mini, the world's first personal electronic calculator, released.  1974 Casiotron digital watch released.  1978 Casio Taiwan Co., Ltd., a production subsidiary, established. 1 Launch of G-SHOCK, a GPS HYBRID WAVE CEPTOR...

  • Page 4
    ... G-SHOCK and EDIFICE continuing to perform well, primarily in overseas markets such as North America and China, under a stronger global brand strategy. The line-up of watches for women in brands such as BABY-G and SHEEN continued to show steady growth. In the electronic dictionary business, sales of...

  • Page 5
    ... featuring GPS and radio-control, as well as models capable of connecting to smartphones with Bluetooth®. The Company will further strengthen its six main watch brands, including G-SHOCK, to keep growing the business and maintain high profitability. (b) In the electronic dictionary business, Casio...

  • Page 6
    ...2013 2014 Principal Products Principal Products • Watches • Clocks • Electronic Dictionaries • Electronic Calculators • Label Printers • Electronic Musical Instruments • Digital Cameras, etc. Watches Digital Cameras • Handheld Terminals • Electronic Cash Registers • Office...

  • Page 7
    ... are strategically building a network of sales companies in order to strengthen our sales and marketing activities. In 2013, we established Casio Middle East FZE in Dubai and started sales activities. Moreover, in 2014 we launched Casio Malaysia, Sdn Bhd. to expand business in The G-SHOCK was born...

  • Page 8
    ...value by enhancing its product offering based on these six brands, aggressively promoting them on a global basis. In particular, we will endeavor to expand sales and increase some unit prices by launching a new G-SHOCK model, a hybrid time-keeping system that receives both GPS signals and radio wave...

  • Page 9
    ... Section Corporate Data Special Feature: New Timepiece Products Strategy to Expand Timepiece Sales Leveraging Flagship Models Casio commercialized the world's first hybrid time keeping system that receives both GPS signals and radio wave timecalibration signals. This is G-SHOCK, which opens new...

  • Page 10
    ... Data Special Feature: CASIO Signage and CASIO ART Expanding Casio's Original New Businesses CASIO Signage Web (English) Web (Japanese) can create audio content in different languages, thereby being able to "speaking" to store visitors from overseas. The system uses Casio's original projector...

  • Page 11
    ...junior high school and high school students, in the future Casio aims to expand the contents, targeting adult users. We will accelerate the overseas business development of our electronic dictionaries, cultivating sales in ASEAN markets as well as in China. We have already launched these products in...

  • Page 12
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 11 Move forward to next page CSR Financial Section Corporate Data Corporate Governance To ensure steady progress towards management...

  • Page 13
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 12 Move forward to next page CSR Financial Section Corporate Data Improving the Internal Control System Based on our corporate creed...

  • Page 14
    ... service Culture and arts resources, such as various materials and water, and toward this we have been further improving resource productivity. Realizing a Way of Living in Harmony with Nature Through our activities to protect biodiversity, the Casio Group is helping to cultivate a mind set...

  • Page 15
    ... Mexico, Casio Mexico Marketing, S. de R. L. de C.V. was the main sponsor of the Mexican team. The IMO is an international competition in which high-school students compete in trying to solve mathematical problems. It is held every year, and in 2013, over 70 countries took part. Looking ahead, Casio...

  • Page 16
    ... markets such as North America and China under a stronger global brand strategy. The line-up of watches for women in brands such as Baby-G and SHEEN continued steady growth. In the electronic dictionary business, sales of the EX-word series remained strong, mainly for the student model, and Casio...

  • Page 17
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 16 Move forward to next page CSR Financial Section Corporate Data Business Risks The management performance, financial position and...

  • Page 18
    ...fidential business information relating to the promotion and development of its business operations. There are in-house rules governing the use of this information, and each Group company raises awareness of the need for strict control of such information in its employee training program. However...

  • Page 19
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 18 Move forward to next page CSR Financial Section Corporate Data Consolidated Five-Year Summary Years ended March 31 Casio Computer...

  • Page 20
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 19 Move forward to next page CSR Financial Section Corporate Data Consolidated Balance Sheets March 31, 2014 and 2013 Casio Computer...

  • Page 21
    ... CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 20 Move forward to next page CSR Financial Section Corporate Data Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Years ended March 31, 2014 and 2013 Casio...

  • Page 22
    ... History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 21 Move forward to next page CSR Financial Section Corporate Data Consolidated Statements of Changes in Net Assets Years ended March 31, 2014 and 2013 Casio...

  • Page 23
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 22 Move forward to next page CSR Financial Section Corporate Data Consolidated Statements of Cash Flows Years ended March 31, 2014 ...

  • Page 24
    ... History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 23 Move forward to next page CSR Financial Section Corporate Data Notes to Consolidated Financial Statements Years ended March 31, 2014 and 2013 Casio...

  • Page 25
    ... values at year-end. Property, plant and equipment, except leased assets Property, plant and equipment is stated at cost. For the Company and its consolidated subsidiaries in Japan, depreciation is principally determined by the declining-balance method at rates based on estimated useful lives...

  • Page 26
    ... History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 25 Move forward to next page CSR Financial Section Corporate Data Changes in accounting policies Effective from the year ended March 31, 2014, the Company...

  • Page 27
    ... At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 26 Move forward to next page CSR Financial Section Corporate Data 5. Fair Value of Financial Instruments Information on financial instruments for the years ended March 31, 2014 and 2013...

  • Page 28
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 27 Move forward to next page CSR Financial Section Corporate Data For 2013 Book value Fair value Millions of Yen Difference ...

  • Page 29
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 28 Move forward to next page CSR Financial Section Corporate Data (Note) 3: Monetary claims, securities and investment securities ...

  • Page 30
    ... CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 29 Move forward to next page CSR Financial Section Corporate Data 6. Securities and Investment Securities (1) Held-to-maturity debt securities Millions of Yen 2014 Difference Book value Acquisition...

  • Page 31
    ... 31, 2014. Interest rate swaps: Receive fix/Pay float Total Total Contract amount Due after one year Fair value Realized gain (loss) ¥10,000 ¥10,000 ¥10,000 ¥10,000 ¥225 ¥225 ¥269 ¥269 (Notes): 1. Fair values of derivative transactions are determined by prices principally reported by...

  • Page 32
    ... rate swaps: Receive float/ Long-term loans Pay fix payable ¥14,750 ¥14,750 ¥1,000 ¥1,000 (Note) 2 ¥- ¥13,835 4,969 ¥18,804 ¥- - ¥- (Note) (Note) ¥- Hedge accounting method Type Main hedged item Total Thousands of U.S. Dollars 2014 Contract amount Due after one year Fair value...

  • Page 33
    ... - The annual maturities of lease obligations at March 31, 2014: Year ending March 31 Millions of Yen Thousands of U.S. Dollars Deferred tax assets: Net operating loss carryforwards Retirement benefits and the related expenses Inventories Accrued expenses (bonuses to employees) Property, plant and...

  • Page 34
    Print Profile / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 33 Move forward to next page CSR Financial Section Corporate Data 2014 Millions of Yen 2013 Thousands of U.S. Dollars 2014 2) ...

  • Page 35
    ... method to calculate projected benefit obligation. (2) Retirement benefit expenses Millions of Yen 2013 (Note): The total pension plan assets include 15% of the employee retirement benefit trust set up for corporate pension plans. (ii) Long-term expected rate of return Current and target asset...

  • Page 36
    ... Under the Japanese Corporation Law ("the Law") and regulations, the entire amount paid for new shares is required to be designated as capital stock. However, a company may, by a resolution of the board of directors, designate an amount not exceeding one-half of the price of the new shares as legal...

  • Page 37
    ... type of products and services, and the market and consumer categories. The categories of the main products and services belonging to each reportable segment: Consumer ...Watches, Clocks, Electronic dictionaries, Electronic calculators, Label printers, Electronic musical instruments, Digital cameras...

  • Page 38
    ... where customers are located. Millions of Yen Total For 2014 Japan North America Europe Asia Others - - 2,345 2,345 - 2,345 Property, plant and equipment ¥54,730 ¥966 ¥435 ¥7,725 ¥89 ¥63,945 For 2014 Japan North America Europe Asia Thousands of U.S. Dollars Others...

  • Page 39
    ...values. For 2013: The Group posts impairment loss. Use Type of assets Tools, furniture and fixtures, etc. Land Location Hachioji City, Tokyo, and others Yufu City, Oita Pref., and others Business assets Idle assets For 2014 Consumer Others Total Goodwill Balance at the end of the reporting year...

  • Page 40
    ...file / Contents History To Our Stakeholders At a Glance CASIO's Strength Special Feature Search Corporate Governance Move back to previous page PAGE 39 Move forward to next page CSR Financial Section Corporate Data Independent Auditor's Report To the Board of Directors of CASIO COMPUTER Co...

  • Page 41
    ...Directors, Members of the Board Yamagata Casio Co., Ltd. Production of digital cameras, electronic timepieces and system equipment Casio Electronic Manufacturing Co., Ltd. Development and production of page printers Casio Techno Co., Ltd. Customer service for Casio products Casio Information Systems...

  • Page 42
    ...of March 31, 2014) Established: Paid-in Capital: Employees: Home Page Address: June 1957 ¥48,592 million 10,992 http://world.casio.com/ Stock Exchange Listings Tokyo Share Price (Yen) 1,400 Transfer Agent Sumitomo Mitsui Trust Bank, Limited 1,200 1,000 Domestic Offices Head Office 6-2, Hon...

  • Page 43
    CASIO COMPUTER CO., LTD. 6-2, Hon-machi 1-chome, Shibuya-ku, Tokyo 151-8543, Japan http://world.casio.com/