Ricoh 2002 Annual Report Download - page 6

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1998
88.27
1 9 9 9
44.97
2000
4 4 .3 3
2001 2002
60.61
76.85
0
1 8
3 6
5 4
7 2
9 0
82.46
41.35 40.94
56.06
71.02
Basic Diluted
3
Basic net income per share increased 14.9%, to ¥88.27 ( $0.66) , while fully diluted net
income per share was up 16.1%, to ¥82.46 ( $0.62) . Return on shareholders’ investm ent was
10.4%, compared with 9.7% a year earlier.
In line with our policy of m axim izing shareholder returns in keeping with our stronger
earnings picture, we raised cash dividends ¥1.00 per share of com mon stock for the second year
running, to ¥13.00 ( $0.10) .
ANEVEN BETTER FINANCIAL POSITION
At the close of fiscal 2002, total assets stood at ¥1,832.9 billion ( $13,781 m illion) , up 7.5% from
a year earlier. Total liabilities rose 4.4%, to ¥1,148.8 billion ( $8,638 million) .
We continued to m aintain a strong free cash flow during the year.
Higher net incom e and depreciation and am ortization added ¥20.0 billion to cash flows
from operating activities from a year earlier, which were ¥135.3 billion ( ¥1,018 m illion) at the
close of fiscal 2002. Changes in assets and liabilities included ¥17.2 billion ( $129 m illion)
deposited for the maturity of Ricoh’s sixth and eighth convertible bond issues by year-end.
Changes would have been as in the previous fiscal year if not for this factor. Most of those bonds
were converted upon m aturity. Thus, net cash provided by operating activities increased 2.3%,
to ¥105.1 billion ( $790 m illion) .
Net cash used in investing activities decreased 4.9%, to ¥65.7 billion ( $494 m illion) . This
was m ainly because of spending to set up new manufacturing lines and develop new products.
Consequently, the free cash flow generated by operating and investing activities totaled
¥39.3 billion ( $295 m illion) .
Net cash provided by financing activities was ¥36.2 billion ( $272 m illion) , compared with
¥88.3 billion used in such activities a year earlier. This change stem med from our efforts to cut
interest-bearing debt dom estically and abroad while preparing for long-term expansion from
our fourth and fifth straight bond issues, which totaled ¥60 billion ( $451 m illion) .
As a result of these factors, cash and cash equivalents at the close of the term were up ¥78.0
billion from a year earlier, at ¥142.5 billion ( $1,071 million) .
0
130
260
390
520
650
1998 1999 2000 2001 2002
0
3
6
9
1 2
1 5
633.0
475.0 487.4
541.5 556.7
1 0 .4
6 .7
6 .4
8 .1
9 .7
( Billions of Yen, %)
0
400
800
1200
1600
2000
1998 1999
1660.4
2000
1628.0
2001
1543.3
2002
1,704.7
1,832.9
0
1
2
3
4
5
1 .8 1 .9
2 .6
3 .3
3 .5
TOTAL ASSETS AND
RETURN ON ASSETS
( Billions of Yen, %)
NET INCOM E PER SHARE OF
COM M ON STOCK
( Yen )
SHAREHOLDERS’ INVESTM ENT AND
RETURN ON SHAREHOLDERS’ IN VESTM ENT
TOOUR SHAREHOLDERS AND CUSTOM ERS