JVC 2006 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2006 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 64

  • 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
  • 63
  • 64

44 Victor Company of Japan, Limited
Thousands of
U.S. dollars
Millions of yen (Note 1)
2006 2005 2004 2006
Net sales ¥806,900 ¥840,591 ¥921,978 $6,896,581
Costs and expenses:
Cost of sales 551,261 564,977 629,125 4,711,632
Selling, general and administrative expenses 262,530 265,244 267,702 2,243,846
813,791 830,221 896,827 6,955,478
Operating income (loss) (6,891) 10,370 25,151 (58,897)
Other income (expenses):
Interest and dividend income 886 688 711 7,573
Equity in income (loss) of affiliated companies —32 (24) —
Interest expense (3,040) (3,092) (2,840) (25,983)
Gain on sales of investment securities 23,911 280 17
Loss on liquidation of subsidiaries and affiliated companies —(16) (0) —
Restructuring charges (2,466) (57) (3,812) (21,077)
Loss from write-down of investment in securities (300) (349) (282) (2,564)
Prior period patent royalty —(263) (2,736) —
Special retirement payments (6,544) (6,530) (452) (55,932)
Gain and loss on sales and disposal of property, plant and equipment 2,463 1,144 875 21,051
Other, net (Note 7) (6,211) (1,110) (2,765) (53,085)
(15,210) (5,642) (11,045) (130,000)
Income (Loss) before income taxes and minority interests (22,101) 4,728 14,106 (188,897)
Income taxes (Note 8):
Current 2,863 5,317 4,814 24,470
Deferred 6,266 883 (6,740) 53,556
9,129 6,200 (1,926) 78,026
Income (Loss) before minority interests (31,230) (1,472) 16,032 (266,923)
Minority interests 622 (386) (423) 5,316
Net income (loss) ¥(30,608) ¥ (1,858) ¥015,609 $(261,607)
U.S. dollars
Yen (Note 1)
Amounts per share of common stock (Note 2):
Net income (loss) ¥ (120.5) ¥(7.7) ¥ 61.1 $(1.03)
Diluted net income ——57.9 —
Cash dividends applicable to the year —5.0 5.0 —
See accompanying notes.
Consolidated Statements of Operations
Victor Company of Japan, Limited and its consolidated subsidiaries
Years ended March 31, 2006, 2005 and 2004