Casio 2016 Annual Report Download

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To Our Stakeholders
Profile
3 Casio’s Strength
4 Business Overview
Special Features
5 Six Global Timepiece Brands
6 Timepieces
7 Calculators
8 Musical Instruments
9 New Business (Wrist Devices)
10 Projectors
ESG Information
11 Corporate Governance
14 Corporate Social Responsibility (CSR)
Activities
Financial Section
17 Management’s Discussion and Analysis
18 Business Risks
20 Consolidated Five-Year Summary
21 Consolidated Balance Sheets
22 Consolidated Statements of Income and
Consolidated Statements of
Comprehensive Income
23 Consolidated Statements of Changes in
Net Assets
24 Consolidated Statements of Cash Flows
25 Notes to Consolidated Financial
Statements
42 Independent Auditor’s Report
Corporate Data
43 Principal Subsidiaries
44 Corporate Data / Investor Information
CONTENTS
Annual Report 2016
For the year ended March 31, 2016

Table of contents

  • Page 1
    ... Global Timepiece Brands 6 Timepieces 7 Calculators 8 Musical Instruments 9 New Business (Wrist Devices) 10 Projectors ESG Information 11 Corporate Governance 14 Corporate Social Responsibility (CSR) Activities Annual Report 2016 For the year ended March 31, 2016 Financial Section 17 Management...

  • Page 2
    ... straight fiscal year. In the timepiece business, which is our biggest core business, sales grew and profitability was up. We achieved this by exploiting high-end retail channels with our high value-added G-SHOCK and OCEANUS watches, including GPS hybrid radio-controlled solar-powered models, and by...

  • Page 3
    ... stores and music schools, and we will expand sales of keyboards in North America and Europe. In the digital camera business, we will maintain high unit prices and strong profitability by marketing original high-end products. In terms of new business, we released the Smart Outdoor Watch in Japan...

  • Page 4
    ... Financial Section CONTENTS 3 / 46 Corporate Data Casio's Strength High Profitability through Innovative Products Operuting Profit Murgin (Performance in fiscal year ended March 31, 2016) ROE (Performance in fiscal year ended March 31, 2016) 12.0 (%) 15 12 9 6.7 6 3 0 2012 2013 2014 2015...

  • Page 5
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 4 / 46 Corporate Data Business Overview (Year ended March 31, 2016) Percentage of Total Sales by Segments Principal Products • Molds etc. Others 2.5 % % Consumer 85.4 % System ...

  • Page 6
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 5 / 46 Corporate Data Special Featureâ... : Six Global Timepiece Brands Growing Our Six Brands Absolute Toughness Built tough with a shockresistant structure Elegance and Technology A ...

  • Page 7
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 6 / 46 Corporate Data Special Feature â...¡: Timepieces Global Time Sync G-SHOCK OCEANUS EDIFICE SHEEN GPS HYBRID WAVE CEPTOR Hybrid reception of GPS and radio wave signals SMARTPHONE ...

  • Page 8
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 7 / 46 Corporate Data Special Feature â...¢: Calculators Expand Scientific and Localized Calculators India Display with Indian digit separation Calculator with Indian Digit Separation ...

  • Page 9
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 8 / 46 Corporate Data Special Feature â...£: Musical Instruments Pianos Keyboards Expand the CELVIANO Grand Hybrid series of pianos equipped with sound source developed in collaboration ...

  • Page 10
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 9 / 46 Corporate Data Special Feature â...¤: New Business (Wrist Devices) Smart Outdoor Watch Ideal for Outdoor Activities for Fishing for Trekking for Cycling The display is composed of ...

  • Page 11
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 10 / 46 Corporate Data Special Feature â...¥: Projectors Projectors 20,000 Hours Light Source Lifetime Low TCO* Low cost to purchase, operate and maintain *TCO: Total cost of ownership No...

  • Page 12
    ...The Board of Directors and the Board of Statutory Auditors supervise management. Casio is further strengthening corporate governance by enhancing its executive officer system and expanding the responsibilities of outside directors. The Board of Directors delegates most of the authority for important...

  • Page 13
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 12 / 46 Corporate Data Corporate Governance Basic Internal Control System Policies The Casio Group has established the Charter of Creativity for Casio, Casio Common Commitment and Casio ...

  • Page 14
    ... Corporate Communication Department General Manager of QV Business Department General Manager of CSR Promotion Department Senior General Manager of Productin & Purchasing Unit Senior General Manager of System Product Division Senior General Manager of Domestic Sales and Marketing Division of Global...

  • Page 15
    ... latest global standards and questionnaires, etc. Corporate Management Department Information Technology & Engineering Department Corporate Communication Division Legal & Intellectual Property Division Sales Planning and Coordination Department Casio's Business Activities Board of Directors CSR...

  • Page 16
    ...for sales, and 30% or more overall. Also, we plan to expand the number of female applicants by proactively carrying out PR targeting technically oriented women. Responsibilities to Society Striving to be a model corporate citizen, Casio makes the most of its unique know-how and management resources...

  • Page 17
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 16 / 46 Corporate Data Corporate Social Responsibility (CSR) Activities Environment Green Star Products We have revised our environmental vision and environmental declaration to help ...

  • Page 18
    ... 4.8% compared with the previous fiscal year to ¥300,956 million, and accounted for 85.4% of net sales. In the timepiece business, sales of the high-end G-SHOCK and OCEANUS lines, including the GPS hybrid radio-controlled solar-powered watches, remained strong in Japan and overseas due to their...

  • Page 19
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 18 / 46 Corporate Data Business Risks The management performance, financial position and share price of Casio Computer Co., Ltd. and its consolidated subsidiaries ("the Casio Group" or "...

  • Page 20
    ...10) Information management risk The Group has acquired a large volume of personal and confidential information in the course of its business. Internal rules govern the use of this information, and each Group company enhances the control of this information through employee training programs. However...

  • Page 21
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 20 / 46 Corporate Data Consolidated Five-Year Summary Years ended March 31 Casio Computer Co., Ltd. and Consolidated Subsidiaries Millions of Yen 2016 2015 2014 2013 2012 For the ...

  • Page 22
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 21 / 46 Corporate Data Consolidated Balance Sheets March 31, 2016 and 2015 Casio Computer Co., Ltd. and Consolidated Subsidiaries Millions of Yen Thousands of U.S. Dollars (Note 1) ...

  • Page 23
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 22 / 46 Corporate Data Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Years ended March 31, 2016 and 2015 Casio Computer Co., Ltd. and Consolidated ...

  • Page 24
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 23 / 46 Corporate Data Consolidated Statements of Changes in Net Assets Years ended March 31, 2016 and 2015 Casio Computer Co., Ltd. and Consolidated Subsidiaries Millions of Yen Valuation...

  • Page 25
    ... 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 24 / 46 Corporate Data Consolidated Statements of Cash Flows Years ended March 31, 2016 and 2015 Casio Computer Co., Ltd. and Consolidated Subsidiaries Millions of Yen Thousands of U.S. Dollars (Note...

  • Page 26
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 25 / 46 Corporate Data Notes to Consolidated Financial Statements Years ended March 31, 2016 and 2015 Casio Computer Co., Ltd. and Consolidated Subsidiaries 1. Basis of Presenting ...

  • Page 27
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 26 / 46 Corporate Data Notes to Consolidated Financial Statements Allowance for doubtful accounts The allowance for doubtful accounts is provided at an amount sufficient to cover probable ...

  • Page 28
    ... ESG Information Financial Section CONTENTS 27 / 46 Corporate Data Notes to Consolidated Financial Statements Reclassifications Certain reclassifications have been made in the 2015 consolidated financial statements to conform to the 2016 presentation. Changes in accounting policies The Company...

  • Page 29
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 28 / 46 Corporate Data Notes to Consolidated Financial Statements 2) Retirement of treasury shares Millions of Yen Thousands of U.S. Dollars (Note 1) 5. Fair Value of Financial ...

  • Page 30
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 29 / 46 Corporate Data Notes to Consolidated Financial Statements 3) Supplemental information on fair values The fair value of financial instruments is calculated based on quoted market ...

  • Page 31
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 30 / 46 Corporate Data Notes to Consolidated Financial Statements (Note) 1: Method for calculating the fair value of financial instruments and matters related to securities and investment...

  • Page 32
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 31 / 46 Corporate Data Notes to Consolidated Financial Statements Thousands of U.S. Dollars (Note 1) For 2016 Cash and deposits ...$ 589,805 Notes and accounts receivable-trade ...423,390...

  • Page 33
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 32 / 46 Corporate Data Notes to Consolidated Financial Statements Thousands of U.S. Dollars (Note 1) Millions of Yen 2016 Book value 2015 Difference Securities with fair values ...

  • Page 34
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 33 / 46 Corporate Data Notes to Consolidated Financial Statements (3) Available-for-sale securities sold for the years ended March 31, 2016 and 2015 Millions of Yen 7. Derivative ...

  • Page 35
    ... Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 34 / 46 Corporate Data Notes to Consolidated Financial Statements (2) Interest rate-related derivatives Millions of Yen 8. Short-term Loans Payable, Bonds and Long-term Loans Payable and Lease...

  • Page 36
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 35 / 46 Corporate Data Notes to Consolidated Financial Statements The annual maturities of bonds and long-term loans payable at March 31, 2016: Year ending March 31 2017 ...2018 ...2019 ...

  • Page 37
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 36 / 46 Corporate Data Notes to Consolidated Financial Statements (3) Adjustments of amount of deferred tax assets and liabilities due to change in the corporate tax rate The "Act for ...

  • Page 38
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 37 / 46 Corporate Data Notes to Consolidated Financial Statements 5) Retirement benefit expenses Millions of Yen Thousands of U.S. Dollars (Note 1) 8) Pension plan assets (i) Pension plan...

  • Page 39
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 38 / 46 Corporate Data Notes to Consolidated Financial Statements 11. Net Assets Under the Japanese Corporation Law ("the Law") and regulations, the entire amount paid for new shares is ...

  • Page 40
    ... the main products and services belonging to each reportable segment: Consumer...Watches, Clocks, Electronic dictionaries, Electronic calculators, Label printers, Electronic musical instruments, Digital cameras, etc. System Equipment ...Handheld terminals, Electronic cash registers, Office computers...

  • Page 41
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 40 / 46 Corporate Data Notes to Consolidated Financial Statements Millions of Yen Millions of Yen Reportable segments For 2015 Net sales: External customers ...Intersegment ...Total......

  • Page 42
    ... Financial Section CONTENTS 41 / 46 Corporate Data Notes to Consolidated Financial Statements (6) Information on amortization of goodwill and unamortized balance in each reportable segment Millions of Yen For 2016 Goodwill Balance at the end of the reporting year .. Consumer System...

  • Page 43
    Annual Report 2016 To Our Stakeholders Profile Special Features ESG Information Financial Section CONTENTS 42 / 46 Corporate Data Independent Auditor's Report To the Board of Directors of CASIO COMPUTER Co., Ltd.: We have audited the accompanying consolidated financial statements of CASIO ...

  • Page 44
    ...Marketing, S. de R. L. de C.V. Mexico Sales of Casio products Middle East Casio Middle East FZE U.A.E. Sales of Casio products Domestic Subsidiaries Yamagata Casio Co., Ltd. Production of digital cameras, electronic timepieces and system equipment Casio Electronic Manufacturing Co., Ltd. Development...

  • Page 45
    ... 31, 2016) Investor Information (As of March 31, 2016) Established: Paid-in Capital: Employees: Home Page Address: Domestic Offices June 1957 ¥48,592 million 11,322 http://world.casio.com/ Stock Exchange Listings Tokyo Transfer Agent Sumitomo Mitsui Trust Bank, Limited Share Price 3,000 (Yen...

  • Page 46
    CASIO COMPUTER CO., LTD. 6-2, Hon-machi 1-chome, Shibuya-ku, Tokyo 151-8543, Japan http://world.casio.com/