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Financial Review
30
NET SALES BY SEGMENT
Billions of yen
Consumer Professional Components
electronics electronics & Devices Software & Media Other
business business business business business Total
2007
Sales ¥543.3 ¥64.0 ¥35.6 ¥95.2 ¥4.6 ¥742.7
Percentage 73.2% 8.6% 4.8% 12.8% 0.6% 100.0%
Change (9.5)% (5.3)% 17.7% (8.4)% (1.6)% (8.0)%
Domestic Sales ¥100.3 ¥39.6 ¥2.9 ¥82.2 ¥4.6 ¥229.6
Change (15.6)% (11.0)% 31.8% (7.5)% (2.1)% (11.4)%
Overseas Sales ¥443.0 ¥24.4 ¥32.7 ¥13.0 ¥0.0 ¥513.1
Change (8.0)% 6.1% 16.8% (13.9)% (100.0)% (6.3)%
2006
Sales ¥600.4 ¥67.6 ¥30.2 ¥103.9 ¥4.8 ¥806.9
Percentage 74.4% 8.4% 3.7% 12.9% 0.6% 100.0%
Major Products LCD TVs, Professional Motors, Audio and visual Interior furniture
projection TVs, surveillance optical pickups, software production facilities
plasma TVs, equipment, “VIL” PWBs, and including CDs,
CRT TVs, professional audio components for DVDs and
camcorders, VCRs, equipment, use in computer videotapes, and
DVD players, professional video displays recording media
DVD recorders, equipment, and
audio systems, and professional
car AV systems projectors
Cost of sales decreased 8.8%, to ¥502.9 billion, and the
gross profit margin improved from 31.7% in the previous
fiscal year to 32.3%. Selling, general and administrative
(SG&A) expenses shrank 6.5%, to ¥245.4 billion.
The factors depressing earnings were sharp declines in
the selling prices of LCD TVs, D-ILA hybrid projection TVs,
and other digital consumer electronics as well as recordable
media products and shrinking sales of audio products and
CRT TVs. While there were such positive factors as the
margin improvement that reflected the shift to high-value-
added products, such as hard disk camcorders, the decline
in the cost of sales due to lower procurement costs,
and reductions to fixed costs, these did not fully offset the
Overview of Fiscal 2007
In fiscal 2007, ended March 31, 2007, consolidated net
sales fell 8.0%, to ¥742.7 billion. In Japan, video camera
sales and sales at the Components & Devices segment
grew, but domestic sales contracted 11.4% compared with
the previous fiscal year, to ¥229.6 billion, due to declining
sales of LCD TVs, audio products, DVD recorders, and other
consumer electronics as well as the slump at the Software &
Media segment. Regarding overseas sales, growth in sales
of HDD camcorders and LCD TVs was not sufficient to
counter declining sales of D-ILA hybrid projection TVs, CRT
TVs, and audio products in the Americas, and, as a result,
overseas sales dropped 6.3%, to ¥513.1 billion.