JVC 2006 Annual Report Download - page 38

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36 Victor Company of Japan, Limited
2006 2005 2004 2003
For the year:
Net sales ¥806,900 ¥840,591 ¥921,978 ¥967,640
Overseas 547,784 567,565 619,962 638,092
Domestic 259,116 273,026 302,016 329,548
Cost of sales 551,261 564,977 629,125 668,821
Selling, general and administrative expenses 262,530 265,244 267,702 276,520
Operating income (loss) (6,891) 10,370 25,151 22,299
Income (Loss) before income taxes
and minority interests (22,101) 4,728 14,106 10,064
Income taxes 9,129 6,200 (1,926) 3,568
Net income (loss) (30,608) (1,858) 15,609 6,336
Depreciation and amortization 26,848 23,422 22,735 25,250
Capital expenditures 29,490 28,959 25,900 21,036
R&D expenditures 38,724 39,336 40,574 40,973
2006 2005 2004 2003
At year-end:
Working capital ¥069,927 ¥087,825 ¥147,225 ¥149,172
Stockholders’ equity 136,289 158,236 159,326 146,410
Total assets 446,812 466,549 507,117 479,750
2006 2005 2004 2003
Per share:
Net income (loss) (Note 2) ¥ (120.5) ¥ (7.7) ¥ 61.1 ¥ 24.9
Diluted net income (Note 2) ——57.9 23.5
Cash dividends (Note 3) —5.0 5.0 —
Notes: 1. U.S. dollar amounts have been translated, for convenience only, at the exchange rate of ¥117 to U.S.$1, the approximate rate prevailing on March 31, 2006.
2. Net income (loss) per share of common stock for the years ended March 31 from 1997 to 2002 have not been recalculated using the new accounting standard,
which was effective April 1, 2002.
3. Cash dividends represent amounts applicable to the respective years.
10-Year Summary
Victor Company of Japan, Limited and its consolidated subsidiaries
Years ended March 31