JVC 2002 Annual Report Download - page 2

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Thousands of
U.S. dollars
Millions of yen (Note 1)
2 0 0 2 2001 2000 2 0 0 2
For the year:
Net sales ¥ 9 5 4 ,1 7 2 ¥934,350 ¥870,235 $7,174,226
Overseas 626,209 567,977 545,316 4,708,338
Domestic 327,963 366,373 324,919 2,465,888
Net income (loss) (4 4 ,5 7 2 ) 2,498 (5,341) (335,128)
Capital expenditures 2 1 ,1 7 5 31,127 24,336 1 5 9 ,2 1 1
Depreciation and amortization 2 8,00 0 28,085 28,590 2 1 0 ,5 2 6
At year-end:
Stockholders’ equity ¥ 1 4 6 ,2 4 6 ¥180,515 ¥199,164 $1,099,594
Total assets 513,365 586,628 540,359 3,859,887
U.S. Dollars
Yen (Note 1)
Per share:
Net income (loss) ¥ (1 7 5 .3 ) ¥9.8 ¥(21.0) $ (1 .3 2 )
Cash dividends (Note 2) —3.0 — —
Notes:1. U.S. dollar amounts have been translated, for convenience only, at the exchange rate of ¥133
to U.S.$1, the approximate rate prevailing on March 31, 2002.
2. Cash dividends represent amounts applicable to respective years.
To Our Customers, Employees and Stockholders 0 1
JVC Close Up 0 7
Management’s Discussion and Analysis 2 0
Social Responsibility 2 5
Board of Directors and Corporate Auditors 2 6
Five-Year Summary 2 7
Directory 4 5
Corporate Data 4 8
CONTENTS
FINANCIAL HIGHLIGHTS
Victor Company of Japan, Limited and its consolidated subsidiaries
Years ended March 3 1
Cautionary Note: Forward-Looking Statements
When included in this annual report, the words “ will,” “ should,” “ expects,” “ intends,” “ anticipates,” “ estimates,” and similar expressions, among others,
identify forward-looking statements. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ
materially from those set forth in such statements. These forward-looking statements are made only as of the date of this annual report. The Company expressly
disclaims any obligations or undertaking to release any update or revision to any forward-looking statement contained herein to reflect any change in the
Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.