Olympus 2003 Annual Report Download - page 20
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In the Industrial Systems Group, sales decreased .% to
¥, million (US$ million). Sales of the core videoscope
system IPLEX increased. Sales of handheld data processing
equipment fell despite efforts to stimulate demand. Although
sales of industrial microscopes increased to Asia, demand plum-
meted in Japan due to the weak semiconductor market
In the Others segment, sales declined .% to ¥, mil-
lion (US$ million).
Net Income
Operating income advanced .% to ¥, million (US$
million). Selling, general and administrative expenses per net sales
increased from .% to .%. Net income soared .% to
¥, million (US$ million), despite evaluation losses on
marketable and investment securities.
ANALYSIS OF FINANCIAL POSITION
Total Assets
As of March , , total assets were ¥, million (US$,
million), up .% from the previous fiscal year-end. Total current
assets rose .% to ¥, million (US$, million), mainly
due to an increase in notes and accounts receivable. Net proper-
ty, plant and equipment was ¥, million (US$ million).
Total investments and other assets were ¥, million (US$,
million), an increase of .% from the previous fiscal year-end.
In fiscal , turnover of total assets slightly improved to .
times.
Total Liabilities and Shareholders’ Equity
Total liabilities increased .% to ¥, million (US$, mil-
lion). Total shareholders’ equity rose .% to ¥, million
(US$, million). The shareholders’ equity ratio increased from
.% to .% of total assets.
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OLYMPUS 2003
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