Nikon 2003 Annual Report Download - page 2
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F I N A N C I A L H I G H L I G H T S
T O O U R S H A R E H O L D E R S A N D I N V E S T O R S
M E S S A G E F R O M T H E C E O
R E V I E W O F O P E R AT I O N S
S E L E C T E D T O P I C S
E N V I R O N M E N T A L C O N S E R V AT I O N AC T I V I T I E S
F I V E - Y E A R S U M M A R Y
M A N A G E M E N T ’ S D I S C U S S I O N A N D A N A LY S I S O F O P E R A T I O N S
CO N S O L I D AT E D B A L A N C E S H E E T S
CO N S O L I D A T E D S TA T E M E N T S O F O P E R AT I O N S
CO N S O L I D AT E D S TA T E M E N T S O F S H A R E H O L D E R S ’ E Q U I T Y
CO N S O L I D A T E D S TA T E M E N T S O F C A S H F L O W S
N O T E S T O C O N S O L I D AT E D F I N A N CI A L S TA T E M E N T S
I N D E P E N D E N T A U D I T O R S ’ R E P O R T
O R G A N I Z AT I O N O F N I K O N G R O U P
N I K O N G R O U P CO M P A N I E S
D I R E C T O R S , A U D I T O R S A N D O F F I C E R S
I N V E S T O R I N F O R M AT I O N
Statementscontainedinthisreportregardingtheplans,projectionsandstrate-
giesoftheNikonCorporationanditssubsidiariesandafliatesthatcomprise
theNikonGroup(hereinafter“Nikon”)thatarenothistoricalfactconstitute
forward-lookingstatementsaboutfuturenancialresults.Assuch,theyare
basedondatathatareobtainableatthetimeofannouncementincompliance
withNikon’smanagementpoliciesandcertainpremisesthataredeemedreason-
ablebyNikon.Hence,actualresultsmaydiffer,insomecasessignicantly,from
theseforward-lookingstatementsduetochangesinvariousfactors,including—
butnotlimitedto—economicconditionsinprincipalmarkets,productandser-
vicedemandtrends,customercapitalinvestmenttrends,andcurrencyexchange
ratesuctuations.
C O N T E N T S
F O R W A R D - L O O K I N G
S T A T E M E N T S
0 1
P R O F I L E NikonCorporationwasinitiallyestablishedin
1917asamanufacturerofopticalglass.Expertise
inopticaltechnologiescultivatedovermanyyears
hashelpedNikontogainworldwideacclaimfor
anextensivearrayofhigh-qualityopticalequip-
ment.Besidestheconventionalfilmanddigital
camerasforwhichitisbestknown,Nikonmanu-
facturesandsellsadiverserangeofindustrial
instruments,includingsteppers,microscopes
andmeasuringinstruments.Thisunchallenged
positionistheresultoftheCompany’sabilityto
readilyadapttotheever-changingenvironment
andneedsofeachnewera.
Nikon’sflexibilityisvisibleinsuccessivelydevel-
opingnewproductswithoutstandingimaging
quality,carryingoutmanagementandstructural
reformsandupdatingthecorporatebrandsymbol
forenhancedcorporatevalue.Attheheartofthis
responsivefuture-forwarddriveistheCompany’s
rallyingthemeof“TransformingPossibilitiesinto
Reality,”whichdepictsourcommitmenttogreater
growth,profitabilityandcorporatevalue.