Oki 2003 Annual Report Download - page 31

Oki Electric Industry Co., Ltd. Annual Report 2003 29
Thousands of U.S. dollars
Information Telecommunications Electronic Corporate and
systems systems devices Other Total eliminations Consolidated
Year ended March 31 2003
Sales to third parties ................................... $2,753,195 $714,314 $0,993,533 $417,897 $4,878,941 $((((((( —$4,878,941
Intersegment sales and transfers................. 95,569 76,671 46,492 276,708 495,442 (495,442) —
Total sales.................................................... 2,848,765 790,986 1,040,026 694,605 5,374,384 (495,442) 4,878,941
Operating expenses ..................................... 2,683,430 859,248 1,048,027 686,114 5,276,820 (409,282) 4,867,538
Operating income (loss) ............................. $0,165,335 $(68,261) $((0 (8,001) $008,491 $0,097,563 $0(86,159) $0,011,403
Total assets .................................................. $2,094,805 $785,373 $1,226,835 $498,305 $4,605,319 $(585,440 $5,190,760
Depreciation ................................................ $0,118,115 $035,358 $0,148,296 $012,971 $0,314,741 $(017,991 $0,332,733
Capital expenditures ................................... $0,081,925 $011,468 $0,119,424 $006,745 $0,219,563 $(001,331 $0,220,895
(1) Business segments are divided into categories based on the nature of the products or services rendered and the similarity of sales methodology.
Change in segmentation
Effective the year ended March 31, 2003, the Company changed its management organization in accordance with the Group’s mid-term business plan. The business segments of the
Group have been reclassified to reflect this change more accurately as follows:
Included in
Former segment New segment
Disaster prevention systems and other Telecommunications systems Information systems
Electronics manufacuring services Information systems Other
As presented below, the effect of this change was to increase (decrease) sales, operating income, depreciation and capital expenditures for the year ended March 31, 2003, and to
increase (decrease) total assets at March 31, 2003, compared with the amounts which would have been recorded if the segmentation of the previous year had been followed.
Millions of yen
Information Telecommunications Corporate and
systems systems Other eliminations
Total sales ¥05,896 ¥(13,670) ¥7,729 ¥ (45)
Operating income (loss) 115 (158) 43 —
Total assets 12,295 (18,554) 5,954 303
Depreciation (143) (171) 314 —
Capital expenditures (55) (59) 116 (1)
Only the business segment information presented above for the year ended March 31, 2002 was restated in conformity with the new segments.
(2) Eliminations or unallocated amounts of operating expenses consist principally of expenses in the Company’s General and Administrative Department and research and development
costs in the Group, which amounted to ¥10,266 million ($85,555 thousand), ¥10,351 million and ¥11,079 million for the years ended March 31, 2003, 2002 and 2001, respectively.
(3) Eliminations or unallocated amounts of total assets consist principally of the Company’s surplus funds, funds for long-term investments and assets belonging to the General and
Administrative Department, which amounted to ¥150,535 million ($1,254,461 thousand), ¥168,460 million and ¥203,922 million for the years ended March 31, 2003, 2002 and
2001, respectively.
(4) Included in depreciation and capital expenditures are amortization and additions to long-term prepaid expenses, respectively.
The geographical segment information of the Company and its consolidated subsidiaries for the years ended March 31, 2003, 2002 and 2001 is outlined as follows:
Millions of yen
Japan North America Europe Other Total Eliminations Consolidated
Year ended March 31 2003
Sales to third parties ................................. ¥0,447,583 ¥052,942 ¥060,982 ¥023,964 ¥0,585,473 ¥ —.¥0,585,473
Interarea sales ........................................... 98,901 1,610 2,340 72,901 175,753 (175,753) —
Total sales.................................................. 546,484 54,552 63,323 96,866 761,226 (175,753) 585,473
Operating expenses ................................... 547,465 55,004 60,889 96,788 760,148 (176,043) 584,104
Operating income (loss) ........................... ¥ (980) ¥ (451) ¥002,434 ¥00,0077 ¥000,1,078 ¥(0,000,289 ¥0,001,368
Total assets ................................................ ¥0,648,147 ¥026,022 ¥037,664 ¥037,321 ¥0,749,155 ¥,0(126,264) ¥0,622,891
Japan North America Europe Other Total Eliminations Consolidated
Year ended March 31 2002
Sales to third parties ................................. ¥0,460,607 ¥066,751 ¥057,882 ¥019,331 ¥0,604,572 ¥ —.¥0,604,572
Interarea sales ........................................... 86,022 916 829 65,935 153,703 (153,703) —
Total sales.................................................. 546,629 67,667 58,711 85,266 758,275 (153,703) 604,572
Operating expenses ................................... 574,989 68,401 57,856 85,022 786,268 (154,448) 631,819
Operating (loss) income ........................... ¥ (28,359) ¥ (733) ¥000,855 ¥000,244 ¥ (27,992) ¥ 745 ¥ (27,247)
Total assets ................................................ ¥0,672,625 ¥034,414 ¥032,708 ¥036,417 ¥0,776,166 ¥ (124,585) ¥0,651,581