Oki 2015 Annual Report Download - page 28

EMS Segment, Others
(Billions
of yen)
(Ended
March 31)
(Ended
March 31)
Net Sales (Billions
of yen) Operating Income
EMS Others EMS Others
80
60
40
20
0
2013 2014 2015
51.4
32.7
18.7
58.4
58.4
54.7
54.7
40.3
18.1
37.1
17.6
8
2
4
6
0
2013 2014 2015
2.0
3.5
5.5
5.5
1.7
2.8
4.5
1.6
3.0
4.6
（%）
(Billions
of yen)
(Ended
March 31)
Net Income/
Return on Equity (ROE)
Net Income (left scale)
Return on Equity (ROE) (right scale)
6060
40
0
20 20
40
0
2013 2014 2015
13.6
33.133.1
28.0
31.8
37.837.8
27.4
(Billions
of yen)
(Ended
March 31)
Cash Flows
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
2013 2014 2015
(18.6)
(20.7)
41.0
(11.6)
(21.1)
(9.2)
31.9
(4.3)
(14.0)
-30
0
30
60
(Billions
of yen)
(Ended
March 31)
Capital Expenditures
Depreciation (property, plant
and equipment, at cost)
Capital Expenditures/
Depreciation (property, plant
and equipment, at cost)
15
5
10
0
2013 2014 2015
11.5
10.8
10.210.8
13.1
9.6
9.6
26 Annual Report 2015
EMS Segment, Others
Sales in the EMS segment rose 8.6% year-on-year to ¥40.3 billion,
and sales of Others increased by 2.8% year-on-year to ¥18.1 billion.
Sales rose in EMS segment and Others, because the EMS business
steadily attracted new customers as OKI bland became further es-
tablished as high-end EMS, and the Others continued posting solid
sales for reed switches and other components.
Operating income in the EMS segment improved ¥300 million
year-on-year to ¥2.0 billion, and operating income in Others rose by
¥700 million year-on-year to ¥3.5 billion.
NET INCOME
Net income increased by ¥5.7 billion year-on-year to ¥33.1 billion
due to last fi scal year’s ¥4.3 billion in business structure improve-
ment expenses not being a factor this fi scal year, while the foreign
exchange gain decreased. Against this backdrop, net income per
share came to ¥40.03 for the fi scal year ended March 31, 2015.
ASSETS AND LIABILITIES
At the fi scal year-end, total assets were up ¥26.9 billion year-on-year
to ¥439.4 billion. Shareholders’ equity increased by ¥30.9 billion year
on year to ¥119.6 billion, mainly due to the recording of net income of
¥33.1 billion and other comprehensive income of ¥7.3 billion, despite
the decrease of ¥4.5 billion due to the effects of changes in accounting
policies in accordance with the revisions of the “Accounting Standard
for Retirement Benefi ts,” etc., and distribution of ordinary dividends
and preferred dividends of ¥5.0 billion. As a result, the shareholders’
equity ratio came to 27.2%.
With respect to major increases and decreases in assets, cash and
deposits increased by ¥6.7 billion, notes and accounts receivable grew
by ¥4.5 billion, and investment securities increased by ¥5.8 billion.
Total liabilities decreased by ¥2.7 billion. Notes and accounts pay-
able increased by ¥5.8 billion, while debt came to ¥107.6 billion, down
¥11.4 billion from ¥119.0 billion at the previous fi scal year-end.
CASH FLOWS
Net cash provided by operating activities amounted to ¥41.0 billion,
up ¥9.1 billion from the prior fi scal year. This was mainly due to
improvements in income before taxes and minority interests and
working capital.
Net cash used in investing activities totaled ¥18.6 billion, up
¥4.6 billion from the previous fi scal year. Main outfl ows were for
purchases of property, plant, and equipment.
As a result, free cash fl ows, which are the sum of cash from
operating activities and investing activities, resulted in a net infl ow
of ¥22.4 billion, a year-on-year increase of ¥4.5 billion.
Net cash used in financing activities amounted to ¥20.7 billion
with loan repayments and the payment of ordinary and preferred
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