JVC 2005 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2005 JVC 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 62

  • 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

Victor Company of Japan, Limited 39
Capital Expenditures/Depreciation and Amortization
In fiscal 2005, capital expenditures rose 11.8%, or ¥3.1 bil-
lion, from the previous fiscal year, to ¥29.0 billion. This
increase primarily represents investments related to the pro-
duction of D-ILA devices at the Company’s Yokosuka Plant
and HD-ILA rear projection TVs at the Company’s manufac-
turing subsidiary in Mexico. Depreciation and amortization
increased 3.0%, or ¥0.7 billion, to ¥23.4 billion.
R&D Expenditures
In fiscal 2005, R&D expenditures amounted to ¥39.3 billion,
representing a 3.1%, or ¥1.2 billion, decline from the previ-
ous fiscal year and a ratio to net sales of 4.7%.
Personnel
The number of JVC employees on a consolidated basis at
fiscal year-end totaled 34,493, a decrease of 1,087 employ-
ees compared to the previous fiscal year-end.