Toshiba 1996 Annual Report Download - page 5

3.
Thousands of
Millions of yen U.S. dollars
1996 1995 1996
Net sales – Japan ¥3,451,062 ¥3,287,655 $32,557,189
Net sales – Overseas 1,669,024 1,503,111 15,745,509
Net sales 5,120,086 4,790,766 48,302,698
Operating income 220,224 128,010 2,077,585
Income before income taxes and minority interests 177,749 120,674 1,676,877
Net income 90,388 44,693 852,717
Research and development expenditures 314,774 302,171 2,969,566
Total assets 5,560,484 5,463,290 52,457,396
Shareholders’ equity 1,202,265 1,118,808 11,342,123
Yen U.S. dollars
Per share of common stock:
Net income ¥26.85 ¥13.54 $0.253
Cash dividends ¥10.00 ¥10.00 $0.094
Number of employees 186,000 190,000
Notes:
1. Unless indicated otherwise, all dollar figures herein refer to U.S. currency. Yen amounts have been translated into U.S. dollars, for convenience only, at the
rate of ¥106=US$1.
2. The computation of the above per share amounts has been based on the average number of shares outstanding during each period appropriately adjusted for
common stock equivalents.
3. The company has not adopted Statement of Financial Accounting Standards (SFAS) No. 115 “Accounting for Certain Investments in Debt and Equity Securities”
which became effective from the fiscal year beginning April 1, 1994. The effects on the consolidated financial statements of not adopting SFAS No. 115 and the
disclosures required by SFAS No. 115 are summarized in a note to the consolidated financial statements.
Financial Highlights
Toshiba Corporation and its subsidiaries
For the years ended March 31, 1996 and 1995
emphasis on global logistics will become
increasingly clear in the next few years.
■ Strengthening Competitiveness of
Consumer Products—We are taking vigorous
steps to bring the consumer products and others
segment back to profitability. More produc-
tion of consumer products is being shifted
overseas to hold down costs and obtain quicker,
better access to growing markets. In 1996, Indo-
nesia will become the latest location where
Toshiba produces color televisions and color
picture tubes for the local and world markets.
In Thailand, a new washing machine line is
being installed at our air-conditioner and refrig-
erator plant. We are also restructuring key opera-
tions. In 1996, we transferred the head-office
functions for video cassette recorder operations,
including design, product development and
marketing, to a subsidiary in Singapore. This
will enhance our ability to offer the competitive
prices essential to success in today’s consumer
electronics market. Other measures include