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80 Seiko Epson Corporation
On April 1, 2006, the Company’s optical device business (excluding the corrective lens business) was trans-
ferred to a consolidated subsidiary, Epson Toyocom Corporation. The Company’s optical device business, which
boasts expertise in optical components for 3LCD projectors, was merged with Epson Toyocom’s optical device
business, which specializes in areas such as image correction for digital cameras and optical pickup components
for DVD recorders. This reorganization seeks to efficiently combine markets, technologies, and development
resources with the objective of bolstering the Epson’s technology development capabilities, enhancing its market
competitiveness, and increasing the value of its business.
With this reorganization, the results of the Company’s optical device business, which were formerly reported
under precision products segment, are reported under electronic devices segment. This change is effective from the
current fiscal year. The effect of the reorganization on segment information is immaterial and is thus not reported
herein.
The table below summarizes the business segment information of Epson for the years ended March 31, 2005,
2006 and 2007:
Millions of yen
Year ended March 31, 2005
Business segment
Information- Eliminations
related Electronic Precision and
equipment devices products Other corporate Consolidated
Net sales:
Customers ¥942,401 ¥454,616 ¥76,827 ¥5,906 — ¥1,479,750
Inter-segment 3,628 27,995 4,316 28,604 ¥ (64,543) —
Total 946,029 482,611 81,143 34,510 (64,543) 1,479,750
Operating expenses 884,474 444,058 78,707 47,514 (65,970) 1,388,783
Operating income (loss) ¥61,555 ¥ 38,553 ¥ 2,436 ¥ (13,004) ¥ 1,427 ¥ 90,967
Identifiable assets ¥373,172 ¥468,588 ¥50,352 ¥147,448 ¥258,230 ¥1,297,790
Depreciation and amortization ¥ 30,488 ¥ 54,685 ¥ 3,930 ¥ 15,138 ¥ — ¥ 104,241
Capital expenditures ¥26,182 ¥109,197 ¥ 4,899 ¥ 17,257 ¥ — ¥ 157,535
Millions of yen
Year ended March 31, 2006
Business segment
Information- Eliminations
related Electronic Precision and
equipment devices products Other corporate Consolidated
Net sales:
Customers ¥973,690 ¥489,460 ¥81,463 ¥4,955 — ¥1,549,568
Inter-segment 2,753 37,507 4,315 28,022 ¥ (72,597) —
Total 976,443 526,967 85,778 32,977 (72,597) 1,549,568
Operating expenses 931,422 536,726 83,427 45,757 (73,522) 1,523,810
Operating income (loss) ¥ 45,021 ¥ (9,759) ¥ 2,351 ¥ (12,780) ¥ 925 ¥ 25,758
Identifiable assets ¥384,114 ¥414,100 ¥57,935 ¥156,936 ¥312,121 ¥1,325,206
Depreciation and amortization ¥29,668 ¥59,694 ¥4,146 ¥15,797 ¥ — ¥ 109,305
Capital expenditures ¥32,395 ¥60,560 ¥4,464 ¥ 23,558 ¥ (2,694) ¥ 118,283