JVC 2005 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 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 53
Millions of yen
Elimination and Consolidated
Japan Americas Europe Asia Total unallocation total
2003:
Sales
External sales ¥405,734 ¥259,043 ¥220,378 ¥082,485 ¥0,967,640 ¥ — ¥967,640
Intersegment sales 261,732 155 1,204 201,717 464,808 (464,808) —
Total sales 667,466 259,198 221,582 284,202 1,432,448 (464,808) 967,640
Operating expenses 656,536 256,500 215,806 279,253 1,408,095 (462,754) 945,341
Operating income ¥010,930 ¥002,698 ¥005,776 ¥004,949 ¥0,024,353 ¥ (2,054) ¥022,299
Identifiable assets ¥317,020 ¥078,768 ¥076,406 ¥087,126 ¥0,559,320 ¥ (79,570) ¥479,750
Thousands of U.S. dollars
Elimination and Consolidated
Japan Americas Europe Asia Total unallocation total
2005:
Sales
External sales $2,923,617 $1,879,561 $2,139,019 $0,913,794 $07,855,991 $ — $7,855,991
Intersegment sales 1,930,458 766 14,187 1,901,458 3,846,869 (3,846,869) —
Total sales 4,854,075 1,880,327 2,153,206 2,815,252 11,702,860 (3,846,869) 7,855,991
Operating expenses 4,832,206 1,880,757 2,124,963 2,771,504 11,609,430 (3,850,355) 7,759,075
Operating income (loss) $0,021,869 $ (430) $0,028,243 $0,043,748 $0,0093,430 $0,003,486 $0,096,916
Identifiable assets $2,879,065 $0,694,159 $0,821,112 $0,857,384 $05,251,720 $ (891,449) $4,360,271
As explained in Note 3, “CHANGE IN ACCOUNTING METHOD”, effective April 1, 2002, the Company changed the method of accounting for
royalty income. As a result, in 2003, external sales, operating expenses, and operating income of Japan increased by ¥7,356 million, ¥4,066
million, ¥3,290 million, respectively.
(3) Overseas sales information by geographic area is as follows:
Millions of yen
Americas Europe Asia Other areas Total
2005:
Overseas sales ¥204,650 ¥235,411 ¥119,578 ¥7,926 ¥567,565
Consolidated sales ¥840,591
Ratio of overseas sales to consolidated sales 24.4% 28.0% 14.2% 0.9% 67.5%
2004:
Overseas sales ¥225,849 ¥247,493 ¥140,424 ¥6,196 ¥619,962
Consolidated sales ¥921,978
Ratio of overseas sales to consolidated sales 24.5% 26.8% 15.2% 0.7% 67.2%
2003:
Overseas sales ¥268,674 ¥229,222 ¥133,024 ¥7,172 ¥638,092
Consolidated sales ¥967,640
Ratio of overseas sales to consolidated sales 27.8% 23.7% 13.7% 0.7% 65.9%
Thousands of U.S. dollars
Americas Europe Asia Other areas Total
2005:
Overseas sales $1,912,617 $2,200,103 $1,117,551 $74,075 $5,304,346
Consolidated sales $7,855,991
Ratio of overseas sales to consolidated sales 24.4% 28.0% 14.2% 0.9% 67.5%
As explained in Note 3, “CHANGE IN ACCOUNTING METHOD”, effective April 1, 2002, the Company changed the method of accounting for
royalty income. As a result, in 2003, total overseas sales increased by ¥3,365 million, and overseas sales of Americas, Europe, and Asia
increased by ¥2,741 million, ¥69 million, and ¥555 million, respectively.