Oki 2002 Annual Report Download

Download and view the complete annual report

Please find the complete 2002 Oki 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 38

  • 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

Table of contents

  • Page 1

  • Page 2
    ... in information systems, telecommunications systems and electronic devices, Oki is helping to shape the evolution of the information society. The Company is a responsible corporate citizen that contributes to the well-being of its host communities around the globe. Please visit our web site at http...

  • Page 3
    ..., staging services Share of Total Sales Oki Customer Adtech Main Products and Services: System network equipment, printer sales, supply office tool sales, information technology (IT) management services, maintenance support services 5.8% Oki Electric Industry Co., Ltd. Annual Report 2002 1

  • Page 4
    ...in-house company system; and performing morale-building activities and reforming the organization to achieve our corporate vision of ...shareholders for their continued support. June 2002 Katsumasa Shinozuka President and Chief Executive Officer 2 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 5
    ... for corporations and the small office-home office (SOHO) market. I think our LED engines will improve sales of high-speed and small-scale color printers. That's a prime example of the way we can use our competitive advantages to raise revenue. A Oki Electric Industry Co., Ltd. Annual Report 2002...

  • Page 6
    ... capitalize on our expertise. For Oki, that means specializing in system LSI utilizing A Breakdown of Sales in the Electronic Devices Segment Year ended March 31, 2002 8% 15% 57% 20% Logic and system LSI System memory DRAM Optical components 4 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 7
    ...business, concentrating on specific customers. Our other plans are to strengthen alliances with external foundry manufacturers by sharing common process ... Directors. All of these moves will raise corporate value and benefit Oki's shareholders. A Oki Electric Industry Co., Ltd. Annual Report 2002 5

  • Page 8
    ... Solutions Company To further strengthen the financial system solutions business- the core of Oki's business-Financial Solutions Company (FSC) was established and made independent of SSC. We focus on customer contact-a solution that creates contact points to provide a variety of services for...

  • Page 9
    ...environment, companies are revising their business models and investing in information systems for such focused business processes as new product development and lean manufacturing. ESC has a proven track record in Japan's manufacturing industry Oki Electric Industry Co., Ltd. Annual Report 2002 7

  • Page 10
    ... broadband age. In products for enterprise customers, we marketed the DISCOVERY01TM, an IP-PBX with improved multimedia communications, and intra-office ADSL solutions using the user's existing telephone lines. Kazunori Hata Company President 8 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 11
    ... MPEG-4 enterprise broadcast system uses the OKI MediaServer V5.0, a scalable VOD server with improved functions in protecting copyrights-an essential part of commercial content distribution services-and in managing licenses and charging fees. Oki Electric Industry Co., Ltd. Annual Report 2002 9

  • Page 12
    ... Manufacturing Corporation, which has received our technical licenses. The manufacturing facilities of Grace Semiconductor Manufacturing are currently being built in Shanghai, PRC. Oki has also jointly developed a 0.22µm complementary metal-oxide semiconductor (CMOS) process with UMC Japan...

  • Page 13
    ... of systems equipment using alliances with overseas manufacturers, expand our business in support services and improve the sale of color printers made by Oki Data Corporation. Hiroshi Nii Company President Kazuhiko Miyata Company President Oki Electric Industry Co., Ltd. Annual Report 2002 11

  • Page 14
    ... in 40 Gb/s applications, including metro WDM systems with ranges from 2 km to hundreds of kilometers. CenterStageâ„¢ is a large-scale multimedia communication server offering the most advanced IP communications, such as IP telephony services. 12 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 15
    ...820 manufacturing companies. "Oki Eco Products" is the name for Oki's products certified as being environment-friendly. Oki introduced its product certification system in December 2000 in Japan; products fulfilling the certification standards are labeled and shown on the Company's web site. Social...

  • Page 16
    ... Chairman and Director of Sony Corporation Executive Officers Takashi Hattori President,...Systems Company Masayoshi Matsushita EVP, System Solutions Company (AS OF JUNE 27, 2002) *Also acts as Executive Officer EVP: Executive Vice President 14 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 17
    ...Oki Electric Industry Co., Ltd., and consolidated subsidiaries Years ended March 31 Millions of yen Thousands of U.S. dollars 2002 2001 2000 1999 1998 1997 2002... Note: U.S. dollar amounts in this annual report are translated from yen, for convenience only, at the rate of ¥...

  • Page 18
    ...systems and electronic devices-dropped 18.3%, to ¥604,572 million. Overview In fiscal 2002, ended March 31, 2002...2002 there were signs Japan...Oki...Japan...2002 as the preparatory year before implementation of the reforms that will make Oki...2002...2002 0 8 21.3% 20...000 -40,000 2000 2001 2002 -26.4% -34,077 -40...

  • Page 19
    ... â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ Interest-Bearing Debt (Millions of yen) 500,000 418,370 400,000 300,000 200,000 100,000 0 2000 2001 2002 356,673 355,802 142,563 109,066 Total Assets Total Shareholders' Equity Shareholders' Equity Ratio Oki Electric Industry Co., Ltd. Annual Report 2002 17

  • Page 20
    ... expenses, concentrating development investments in such prioritized sectors as broadband IP networks and system LSI. â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ â-‹ ... Investing Activities Cash Flows from Financing Activities 18 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 21
    ...,007 1,223 4,367 (6,767) (0) 148,844 ¥(732,483 510,243 534,969 77,930 (267,260) 17,032 (52,758) (106) 820,050 $(4,899,109 Oki Electric Industry Co., Ltd. Annual Report 2002 19

  • Page 22
    ... - $(534,969 $(082,766 10,535 (15,371) $(077,930 $(009,202) (2,060) 0 7,142 (256,222) - (23,015) - (10,535) 15,371 $(267,260) 20 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 23
    ...,334) 14,216 2,410 4,438 (60,228) 397,637 4,284 $(341,693 ¥(08,254 3,406 ¥010,697 1,315 ¥012,360 2,645 $(062,064 25,610 Oki Electric Industry Co., Ltd. Annual Report 2002 21

  • Page 24
    ...Japan, and its foreign subsidiaries maintain their books...rates. 22 Oki Electric Industry Co., Ltd. Annual Report 2002 The differences arising... except that, as permitted by the Corporation Tax Law of Japan, the cost of certain land and ... at cost. Maintenance and repairs are charged to income. ...

  • Page 25
    ... swaps which meet the required criteria are accounted for by a ...2002. The translation should not be construed as a representation that yen have been, could have been, or could in the future be converted into U.S. dollars at that or any other rate. Oki Electric Industry Co., Ltd. Annual Report 2002...

  • Page 26
    ... ...Unlisted equity securities ...Beneficiary certificates of bond investment trusts ... ¥00,100 900 10,838 - ¥00,141 - 11,126 20 $00,752 6,770 81,492 - 24 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 27
    ...contributory defined benefit pension plans pursuant to the Welfare Pension Insurance Law of Japan, and lump-sum retirement payment plans which cover substantially all employees who... Group, may receive certain additional payments under the plans. Oki Electric Industry Co., Ltd. Annual Report 2002 25

  • Page 28
    ... 2002 â-‹ Other current assets ...Other assets ...Other current liabilities ...Other long-term liabilities ...Net deferred tax assets ... Â¥08,866 26,925 (4) - Â¥35,787 Â¥(9,787 3,753 (12) (4,407) Â¥(9,121 $066,668 202,445 (34) - $269,079 26 Oki Electric Industry Co., Ltd. Annual Report 2002...

  • Page 29
    ...corporation tax, inhabitants' taxes and enterprise tax, which, in the aggregate, resulted in a statutory tax rate of approximately 42% for the years ended March 31, 2002...to the Commercial Code of Japan (the "Code") became ... reporting system....Oki Electric Industry Co., Ltd. Annual Report 2002 27

  • Page 30
    ...of the Commercial Code of Japan and item 12 of the...2002 and 2001 are summarized as follows: Millions of yen Information systems Year ended March 31 Telecommunications systems Electronic devices Other Total Corporate and eliminations Consolidated 2002...Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 31
    ... U.S. dollars Information systems Year ended March 31 Telecommunications systems Electronic devices Other Total Corporate and eliminations Consolidated 2002 Sales to third ... - 740,250 711,935 ¥,0028,314 ¥,0732,483 ¥,0,000(415) ¥ (138,404) Oki Electric Industry Co., Ltd. Annual Report 2002 29

  • Page 32
    ...'s common stock to the directors and executive officers in accordance with the Commercial Code of Japan and item 12 of the Company's Articles of 30 Oki Electric Industry Co., Ltd. Annual Report 2002 â-‹ Incorporation. Under the plan, a maximum of 303,000 shares was granted to the directors and...

  • Page 33
    REPORT OF CERTIFIED PUBLIC ACCOUNTANTS Oki Electric Industry Co., Ltd. Annual Report 2002 31

  • Page 34
    .... Oki Communication Systems Co., Ltd. Oki Seatec Co., Ltd. Oki SystemMate Co., Ltd. Japan Business Operations Co., Ltd. Oki Information Systems Co., Ltd. Oki Software Co., Ltd. Oki Data Corporation Oki Precision Co., Ltd. Oki Annex Co., Ltd. Oki Digital Imaging Corporation M L Supply Co., Ltd. Oki...

  • Page 35
    ... Electric Construction System Solutions Company Financial Solutions Company Oki Data Company Network Systems Company Silicon Solutions Company Optical Components Company Manufacturing Service Company Corporate â-† â- (As of June 2002) Oki Electric Industry Co., Ltd. Annual Report 2002 33

  • Page 36
    ... trademark of SAP AG in Germany and Japan. 5. Teamcenter and Metaphase are registered trademarks of Electronic Data Systems Corporation. Other names of companies and products are trademarks or registered trademarks of the respective companies. 34 Oki Electric Industry Co., Ltd. Annual Report 2002

  • Page 37
    ...750 Other Japanese corporations 8% Japanese individual investors and others 35% 500 Financial institutions 46% 250 0 FY I II III IV I II III IV I II III IV I II III IV I II III IV 1998 1999 2000 2001 2002 This annual report is printed on recycled paper. 35 Oki Electric Oki Electric Industry...

  • Page 38
    Oki Electric Industry Co., Ltd. www.oki.com Printed in Japan