Nikon 2005 Annual Report Download - page 42

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40
For the year ended March 31, 2005
Net sales
Outside customers
Intersegment sales/transfer
Total
Operating expenses
Operating income (loss)
Assets
Depreciation and amortization
Capital expenditures
Consolidated
¥ 638,468
638,468
607,923
¥ 30,545
¥ 633,426
19,705
22,459
(Eliminations)
or corporate
¥
(27,784)
(27,784)
(27,922)
¥138
¥ 106,791
Total
¥ 638,468
27,784
666,252
635,845
¥ 30,407
¥ 526,635
19,705
22,459
Other
¥ 21,159
23,094
44,253
44,900
¥ (647)
¥ 57,573
4,006
1,845
Instruments
¥ 50,657
1,527
52,184
49,358
¥ 2,826
¥ 36,386
969
751
Imaging
Products
¥ 354,181
1,308
355,489
338,648
¥ 16,841
¥ 182,772
5,833
11,184
Precision
Equipment
¥ 212,471
1,855
214,326
202,939
¥ 11,387
¥ 249,904
8,897
8,679
Millions of Yen
For the year ended March 31, 2004
Net sales
Outside customers
Intersegment sales/transfer
Total
Operating expenses
Operating income (loss)
Assets
Depreciation and amortization
Capital expenditures
Consolidated
¥ 506,378
506,378
502,703
¥ 3,675
¥ 606,513
20,213
22,267
(Eliminations)
or corporate
¥ (24,024)
(24,024)
(23,830)
¥ (194)
¥ 95,722
Total
¥ 506,378
24,024
530,402
526,533
¥ 3,869
¥ 510,791
20,213
22,267
Other
¥ 19,754
19,889
39,643
42,875
¥ (3,232)
¥ 58,818
4,333
1,912
Instruments
¥ 46,705
1,287
47,992
45,307
¥ 2,685
¥ 35,218
1,132
1,840
Imaging
Products
¥ 283,347
1,366
284,713
259,491
¥ 25,222
180,213
5,063
13,381
Precision
Equipment
¥ 156,572
1,482
158,054
178,860
¥ (20,806)
¥ 236,542
9,685
5,134
Millions of Yen
17. SEGMENT INFORMATION
Information about industry segments, geographic segments and sales to foreign customers of the Group for the fiscal years ended March 31,
2005 and 2004, was as follows:
(a) Industry Segments
For the year ended March 31, 2005
Net sales
Outside customers
Intersegment sales/transfer
Total
Operating expenses
Operating income (loss)
Assets
Depreciation and amortization
Capital expenditures
Consolidated
$5,945,324
5,945,324
5,660,893
$ 284,431
$5,898,374
183,486
209,134
(Eliminations)
or corporate
$
(258,717)
(258,717)
(260,001)
$ 1,284
$ 994,422
Total
$5,945,324
258,717
6,204,041
5,920,894
$ 283,147
$4,903,952
183,486
209,134
Other
$ 197,032
215,043
412,075
418,102
$ (6,027)
$ 536,110
37,307
17,177
Instruments
$ 471,711
14,219
485,930
459,617
$ 26,313
$ 338,822
9,020
6,997
Imaging
Products
$3,298,087
12,177
3,310,264
3,153,435
$ 156,829
$1,701,947
54,318
104,142
Precision
Equipment
$1,978,494
17,278
1,995,772
1,889,740
$ 106,032
$2,327,073
82,841
80,818
Thousands of U.S. Dollars
Precision Equipment : IC steppers, LCD steppers, etc.
Imaging Products : Cameras, Interchangeable camera lenses, Digital cameras, etc.
Instruments : Microscopes, Measuring instruments, Inspection equipment etc.
Other : Sport optics products, Ophthalmic frames, Surveying instruments, etc.
Notes: 1. Amortization of Goodwill is included in “Depreciation and amortization” for the year ended March 31, 2005 and 2004.
2. As described in Note 3(a), in the year ended March 31, 2005, foreign subsidiaries changed their method of inventory valuation method to principally the
average method. This change was made in order to minimize its impact to profit or loss from price changes as a result of re-considering the inventory
valuation method due to new inventory management and financial accounting system. Effect of this change to profit or loss is not material.
This change was made during the second half year as re-consideration of inventory valuation method was finalized during the second half period.
3. As described in Note 3(b), in the year ended March 31, 2005, the Company and certain consolidated subsidiaries changed its method of accounting for
such retirement to the method that retirement allowances were recorded to state the liability at the amount that would be required if all directors and
corporate auditors retired at each balance sheet date. The change was made to achieve a more accurate allocation of cost and fiscal health.
The effect of this change was to decrease operating income by ¥177 million ($1,648 thousand) in Other segment.
This change was made during the second half period due to the completion of revision of Company’s rules for retirement benefits during the second
half period.