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Kenwood 2000 Annual Report Download - page 27

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Audio equipment segment:

Home, car, and general audio products and test and measuring

instruments related to audio equipment.

Communications equipment segment:

Amateur radios, UHF CB transceivers, land mobile radios,

telephones and personal digital cellular telephones.

Operations by business segment and by geographic area for the years ended March 31, 2000, 1999 and 1998, were summarized as follows:

The Group manufactures and distributes audio and communications equipment. The company defines its major segments as:

13. Segment Information

Forward exchange contracted amounts which are assigned to

associated assets or liabilities and are reflected on the balances at year-

end are not subject to the disclosure of market value information.

The contract or notional amounts of derivatives do not represent the

amounts exchanged by the parties and do not measure the Companies'

exposure to credit or market risk.

KENWOOD Corporation Annual Report 2000

Millions of yen

Audio

equipment ConsolidatedTotal

Communications

equipment

Corporate assets

and eliminations

Corporate assets as of March 31, 2000, amounted to ¥47,893 million ($451,821 thousand) and consisted primarily of the Company's investment securities and translation adjustments.

¥ —

—

¥ —

¥ 47,893

¥ —

2000

Net sales:

Sales to customers

Intersegment sales and transfers

Total

Operating income (loss)

Identifiable assets

Depreciation

Capital expenditures

¥ 274,517

—

¥ 274,517

¥ 5,144

¥ 212,472

¥ 10,274

¥ 10,978

¥ 62,957

—

¥ 62,957

¥ 5,160

¥ 41,807

¥ 3,115

¥ 3,799

¥ 211,560

—

¥ 211,560

¥ 122,772

¥ 7,159

¥ 7,179

¥ 274,517

—

¥ 274,517

¥ 5,144

¥ 164,579

¥ 10,274

¥ 10,978

Operations by business segment:

Corporate assets as of March 31,1999, amounted to ¥41,695 million and consisted primarily of the Company's investment securities and translation adjustments.

¥ —

—

¥ —

¥ 41,695

¥ —

1999

Net sales:

Sales to customers

Intersegment sales and transfers

Total

Operating income

Identifiable assets

Depreciation

Capital expenditures

¥ 309,825

—

¥ 309,825

¥ 13,744

¥ 213,253

¥ 9,857

¥ 10,272

¥ 79,774

—

¥ 79,774

¥ 7,777

¥ 42,990

¥ 2,332

¥ 2,889

¥ 230,051

—

¥ 230,051

¥ 5,967

¥ 128,568

¥ 7,525

¥ 7,383

¥ 309,825

—

¥ 309,825

¥ 13,744

¥ 171,558

¥ 9,857

¥ 10,272

¥ —

—

¥ —

¥ 32,625

¥ —

1998

Net sales:

Sales to customers

Intersegment sales and transfers

Total

Operating income

Identifiable assets

Depreciation

Capital expenditures

¥ 312,175

—

¥ 312,175

¥ 11,630

¥ 217,141

¥ 8,712

¥ 11,573

¥ 72,947

—

¥ 72,947

¥ 5,871

¥ 44,200

¥ 1,841

¥ 2,967

¥ 239,228

—

¥ 239,228

¥ 5,759

¥ 140,316

¥ 6,871

¥ 8,606

¥ 312,175

—

¥ 312,175

¥ 11,630

¥ 184,516

¥ 8,712

¥ 11,573

Corporate assets as of March 31, 1998, amounted to ¥32,625 million and consisted primarily of the Company's investment securities and translation adjustments.

Thousands of U.S. dollars

Audio

equipment ConsolidatedTotal

Communications

equipment

Corporate assets

and eliminations

$ —

—

$ —

$ 451,821

$ —

2000

Net sales:

Sales to customers

Intersegment sales and transfers

Total

Operating income (loss)

Identifiable assets

Depreciation

Capital expenditures

$ 2,589,783

—

$ 2,589,783

$ 48,528

$ 2,004,453

$ 96,925

$ 103,566

$ 593,934

—

$ 593,934

$ 48,679

$ 394,406

$ 29,387

$ 35,840

$ 1,995,849

—

$ 1,995,849

$ 1,158,226

$ 67,538

$ 67,726

$ 2,589,783

—

$ 2,589,783

$ 48,528

$ 1,552,632

$ 96,925

$ 103,566

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