JVC 2001 Annual Report Download - page 39

15. SEGMENT INFORMATION
Information by segment for the years ended March 31, 2001, 2000 and 1999 is shown in the tables below.
1) Business segment information is as follows:
Millions of yen
Entertainment
Consumer Professional Components Softwares Eliminations
electronics electronics & Devices & Medias Other and Consolidated
business business business business business Total unallocation total
2001:
Sales
External sales . . . . . . . . . . . . . . . . . ¥598,636 ¥83,915 ¥61,544 ¥183,256 ¥6,999 ¥934,350 ¥—¥934,350
Intersegment sales . . . . . . . . . . . . . 3,521 3,597 2,647 9,039 2,926 21,730 (21,730) —
Total sales . . . . . . . . . . . . . . . . . . . . 602,157 87,512 64,191 192,295 9,925 956,080 (21,730) 934,350
Operating expenses . . . . . . . . . . . . . . 598,991 92,416 60,056 187,837 10,296 949,596 (20,938) 928,658
Operating income (loss) . . . . . . . . . . . ¥3,166 ¥(4,904) ¥4,135 ¥4,458 ¥(371) ¥6,484 ¥(792) ¥5,692
Identifiable assets . . . . . . . . . . . . . . . . ¥290,251 ¥50,002 ¥34,643 ¥119,123 ¥16,427 ¥510,446 ¥76,182 ¥586,628
Depreciation & amortization . . . . . . . 14,847 2,240 5,167 4,666 808 27,728 357 28,085
Capital expenditures . . . . . . . . . . . . . . 16,149 2,132 4,988 7,254 570 31,093 34 31,127
Following the changes of management jurisdiction due to the introduction of an in-house company system in April 2000, the Company has
recognized its industrial segments.
The previous two segments of Audiovisual and information-related business and Entertainment business have been changed into five
segments—Consumer electronics business, Professional electronics business, Components & Devices business, Entertainment Softwares &
Medias business and Other.
< 36 VICTOR COMPANY OF JAPAN, LIMITED 37 >
(2) Future minimum lease payments under the non-capitalized finance
and operating leases at March 31, 2001 and 2000 are as follows:
Thousands of
Millions of yen U.S. dollars
Non-capitalized finance leases 2001 2000 2001
Due within one year . . . . . . . . ¥4,377 ¥3,694 $ 35,298
Due after one year . . . . . . . . . 8,365 6,068 67,460
¥12,742 ¥9,762 $102,758
Thousands of
Millions of yen U.S. dollars
Operating leases 2001 2000 2001
Due within one year . . . . . . . . ¥911 ¥1,125 $ 7,347
Due after one year . . . . . . . . . 1,355 1,824 10,927
¥2,266 ¥2,949 $18,274
(3) Lease payments and assumed depreciation charges for the year
ended March 31, 2001 and 2000 are as follows:
Thousands of
Millions of yen U.S. dollars
2001 2000 1999 2001
Lease payments . . . . . . . ¥3,018 ¥3,119 ¥3,276 $24,339
Assumed depreciation
charges . . . . . . . . . . . . . 3,018 3,119 3,276 24,339
(4) Assumed depreciation charges are computed using the straight-
line method over lease terms assuming no residual value.
Lessor:
The Company and its subsidiary lease certain equipment under non-
capitalized finance leases, as lessees, and lease those equipment
under non-capitalized finance leases, as lessors. Future minimum
lease receipts under these non-capitalized finance and operating
leases at March 31, 2001 are as follows:
Thousands of
Millions of yen U.S. dollars
Non-capitalized finance leases 2001 2000 2001
Due within one year . . . . . . . . . . . . . ¥1,425 ¥792 $11,492
Due after one year . . . . . . . . . . . . . . 1,958 1,141 15,790
¥3,383 ¥1,933 $27,282
Thousands of
Millions of yen U.S. dollars
Operating leases 2001 2000 2001
Due within one year . . . . . . . . . . . . . ¥270 ¥312 $2,178
Due after one year . . . . . . . . . . . . . . 281 481 2,266
¥551 ¥793 $4,444
14. SUBSEQUENT EVENTS
On June 28, 2001, the Company’s stockholders of Authorized (1)
payment of a cash dividend to stockholdes of record on March 31,
2001 of ¥3.0 ($0.02) per share, totaling ¥762 million ($6,146 thousand),
and (2) transfer to legal reserve of ¥76 million ($613 thousand) from
retained earnings.