Epson 2015 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2015 Epson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 127

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127

2
Table of Contents
Consolidated Financial Highlights ..................................................................................................... 3
Information on the Company ............................................................................................................ 7
1. Overview of the business group .................................................................................................. 7
2. Major equipment and facilities................................................................................................. 10
3. Overview of capital expenditures ............................................................................................. 13
4. Plans for new additions or disposals ......................................................................................... 14
5. Major management contracts .................................................................................................. 15
Risks Related to Epson’s Business Operations ................................................................................. 16
Business Conditions ......................................................................................................................... 22
1. Overview of business results ..................................................................................................... 22
2. Manufacturing, orders received and sales ................................................................................ 25
3. Analysis of financial condition and results of operations .......................................................... 26
4. Research and development activities ........................................................................................ 29
5. Issues for Fiscal 2015 ............................................................................................................... 31
6. Dividend policy ........................................................................................................................ 33
Corporate Governance .................................................................................................................... 34
1. Approach to corporate governance .......................................................................................... 34
2. Details of audit remuneration................................................................................................... 44
3. Basic policy regarding company control ................................................................................... 45
Management ................................................................................................................................... 47
Index to Consolidated Financial Statements .................................................................................... 49
Consolidated Statement of Financial Position .............................................................................. 50
Consolidated Statement of Comprehensive Income ...................................................................... 52
Consolidated Statement of Changes in Equity.............................................................................. 54
Consolidated Statement of Cash Flows ........................................................................................ 56
Notes to Consolidated Financial Statements ................................................................................. 57
Report of Independent Auditors ................................................................................................. 116
Additional Information .................................................................................................................. 117
1. Principal subsidiaries and affiliates ......................................................................................... 117
2. Distribution of ownership among shareholders ...................................................................... 121
3. Major shareholders ................................................................................................................ 122
4. Epson stock price ................................................................................................................... 124
5. Corporate data and investor information ............................................................................... 125