Olympus 2007 Annual Report Download - page 7

> Consolidated net sales for the Olympus Group
> Consolidated net sales for the Olympus Group
increased for the 13th consecutive year and topped
increased for the 13th consecutive year and topped
the ¥1 trillion mark for the first time ever in fiscal
the ¥1 trillion mark for the first time ever in fiscal
2007, ended March 31, 2007. Olympus set new
2007, ended March 31, 2007. Olympus set new
record highs in all profit categories and achieved
record highs in all profit categories and achieved
its management targets for consolidated operating
its management targets for consolidated operating
income and net income.
income and net income.
Overview
of Fiscal 2007
> Olym p u s reco r d ed co n s o lid a t e d net s a l e s of
> Olympus recorded consolidated net sales of
¥1,061.8 billion in fiscal 2007, up 8.6% com-
¥1,061.8 billion in fiscal 2007, up 8.6% com-
pared to the previous fiscal year, owing primarily
pared to the previous fiscal year, owing primarily
to double-digit sales growth in the Imaging Systems
to double-digit sales growth in the Imaging Systems
Business, the Medical Systems Business and the Life
Business, the Medical Systems Business and the Life
Science Business. Domestic and overseas sales of
Science Business. Domestic and overseas sales of
new digital cameras, new endoscopes and thera-
new digital cameras, new endoscopes and thera-
peutic products remained strong, and overseas
peutic products remained strong, and overseas
sales of microscopes and diagnostic systems also
sales of microscopes and diagnostic systems also
contributed to overall sales growth. Sales results
contributed to overall sales growth. Sales results
were further boosted by a year-on-year deprecia-
were further boosted by a year-on-year deprecia-
tion of the yen against both the U.S. dollar and the
tion of the yen against both the U.S. dollar and the
euro.
euro.
The Medical Systems Business contributed sub-
The Medical Systems Business contributed sub-
stantially to higher earnings results, and structural
stantially to higher earnings results, and structural
reforms in the Imaging Systems Business proved to
reforms in the Imaging Systems Business proved to
be a major factor in improving our profit structure
be a major factor in improving our profit structure
by contributing to a lower cost of sales ratio and
by contributing to a lower cost of sales ratio and
greater product strength. Olympus saw significant
greater product strength. Olympus saw significant
earnings growth as a result, with operating income
earnings growth as a result, with operating income
jumping 57.9% year on year to ¥98.7 billion and
jumping 57.9% year on year to ¥98.7 billion and
net income surging 67.3% to ¥47.8 billion.
net income surging 67.3% to ¥47.8 billion.
In light of these results, Olympus raised its annual
In light of these results, Olympus raised its annual
dividend for the second consecutive year, from ¥22
dividend for the second consecutive year, from ¥22
per share for the previous year to ¥35 per share for
per share for the previous year to ¥35 per share for
fiscal 2007.
fiscal 2007.
Imaging Systems Business:
Excellent Results
from Reforms
> The Imaging Systems Business achieved sales and
> The Imaging Systems Business achieved sales and
profit increases through profit-oriented structural
profit increases through profit-oriented structural
reforms, with operating income making an espe-
reforms, with operating income making an espe-
cially significant jump. Specifically, Olympus pro-
cially significant jump. Specifically, Olympus pro-
ceeded with reforms aimed at enhancing product
ceeded with reforms aimed at enhancing product
strength and lowering the cost of sales ratio.
strength and lowering the cost of sales ratio.
A Message from the President
Thousands of
Millions of yen U.S. dollars
2007 2006 2005 2007
Net sales ............................................................................ 1,061,786 ¥978,127 ¥813,538 $8,848,217
Net income (loss) ................................................................. 47,799 28,564 (11,827) 398,325
Earnings per share—Basic net income (loss) .............................. 176.79 105.99 (44.98) 1.473
Total assets ......................................................................... 1,091,800 976,132 858,083 9,098,333
Equity ................................................................................ 334,210 290,656 240,837 2,785,083
Notes: 1. Earnings per share is shown in yen and U.S. dollars.
2. The U.S. dollar amounts have been translated from yen, for the convenience of the reader, at the rate of ¥120=US$1.00
3. The above figures are based on accounting principles generally accepted in Japan.
4. Diluted net income per share is not presented due to the fact that there were no potentially dilutive common shares.
5. 2007: Equity = Total net assets – Minority interests
2005–2006: Equity = Total Shareholders’ equity
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