Wacom 2008 Annual Report Download

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Table of contents

  • Page 1

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    We looked inside ourselves to find the thought that defines and drives everything we do. An idea that helps us open up to experience the world in a new way. An idea to drive us forward.

  • Page 3
    Open up. Sense more. An idea. A dream. An inspiration. 2

  • Page 4
    ...pen tablet's user-friendly interface and versatility. To this day, the pen tablet is an absolute must-have in the world of graphics. We did not stop there. We thought, "What if you could draw directly on to a computer screen?" Our interactive pen displays enable users to do just that. These products...

  • Page 5
    ... support for Windows Vista Bamboo, with "Certified for Windows Vista " compatibility, is launched for general consumer and business PC users Received the first "Disclosure Newcomer Award" from the Tokyo Stock Exchange Lenovo's Tablet PC adopts our Penabled DualTouch technology Wacom Singapore...

  • Page 6
    ... components Interactive pen displays Tablets for consumer use Tablets for professional use Digitizer and software D lo eve pm en d t an Sa les CAD market Development and sales of ECAD Technology, expertise, and sales of PDM "Digital Paper" stated in this report is a registered trademark...

  • Page 7
    Wacom enhances the life experience by creating harmony between people and technology. 6

  • Page 8
    ... operating results continued to improve in all key regions and across all product lines. Major growth drivers were the increasing demand for professional and consumer digital content, rapid expansion in emerging Asia-Pacific regions and the increasing volume of Tablet PC shipments. In September 2008...

  • Page 9
    ...prep schools, e-learning, etc. Business office systems, shop systems, call centers, signature verification, etc. Administraion national and local government Pen Sensor Technology Tablet PCs, mobile phones, PDAs, games, ePaper, etc. Customers User Needs Partnerships Operating Systems (OS) vendor...

  • Page 10
    ...technology that enables them to share unique ideas in a world of creative expression. Demonstrating Bamboo's early appeal, our consumer pen tablets have already captured the world's imagination by winning several prestigious awards including Europe's red dot award in May 2007 and Japan's Good Design...

  • Page 11
    ...high-end functionality and a 12.1" widescreen LCD with the smaller size and portability of a sketchbook. With a reduced footprint and lower price compared to its older sibling, the Cintiq 21UX, this model is ideal for first-time buyers as well as those purchasing a second device. The Cintiq 12WX has...

  • Page 12
    ... business sectors - Electronic Systems and Devices (ESD) and Engineering Collaborative Solutions (ECS). ESD develops and manufacturers pen tablets and pen sensor components. These are the tools that enable users to input digital data in the same way as using a traditional pen on paper or a painting...

  • Page 13
    ... Windows Vistaâ„¢. Bamboo Fun enables users to intuitively draw, paint, sketch, write or retouch digital photographs. To sum it up, Bamboo is a new, fun way of working with a computer. Our interactive pen displays - Cintiq & DTX/PL Providing the freedom to work with the pen directly on screen...

  • Page 14
    ... or draw diagrams directly on the LCD display, which are then displayed instantly on the large screen for all to see. In addition, the use of TV phones and web-based whiteboards helps with remote instruction and the online correction of student work. Business The use of interactive pen displays is...

  • Page 15
    ... responsible for sales, customer support and maintenance services for product data management (PDM) systems that offer an integrated means of managing product information. ECAD/dio, Japan's leading CAD system for electrical design, streamlines overall operations by helping users to create electrical...

  • Page 16
    Our global model Back in the 1980s, we set up our corporate headquarters in Japan. We extended our global operations to the United States and Germany, and then expanded to China, Korea, Australia and Singapore. In addition to these subsidiaries, we also have sales bases in Taipei, Shanghai and ...

  • Page 17
    ...'08 Europe Asia/Oceania Japan America For the year ended March 31 Wacom Technology Corporation Wacom Technology Corporation was established in 1991 in Vancouver, Washington, in the United States. The company is not only responsible for sales and customer support in North and Latin America, but...

  • Page 18
    ... Component Business Division, Yuji Wakabayashi ECS Division, Masahiro Oba Supply Chain Management Division, Koji Shimoda Product Management Division, Joseph Deal Wacom Technology Corporation, Han Stoffels Wacom Europe GmbH Corporate Governance The Board of Directors and Board of Corporate Auditors...

  • Page 19
    ... of Business Performance 23 Consolidated Balance Sheets 25 Consolidated Statements of Income 26 Consolidated Statements of Changes in Net Assets 27 Consolidated Statements of Cash Flows 28 Notes to Consolidated Financial Statements 36 Report of Independent Auditors 37 Corporate data 38 Investor...

  • Page 20
    ...ended March 31 2007 2006 Thousands of U.S. dollars* Year ended March 31 2008 $366,695 186,050 55,284 55,535 34,947 135,514 185,265 291,659 2004 2005 2008 For the year: Net sales...income per share (yen and U.S. dollars):** Basic Diluted Equity ratio(%) Return on equity (%) Number of employees ¥36...

  • Page 21
    ...to protect and strengthen our intellectual property, we filed patent-infringement lawsuits against Hanwang Technology Corporation that resulted in a comprehensive settlement agreement on April 9, 2008. As a result, the consolidated business results ended in sales of ¥36.74bn (+27.6% YoY), operating...

  • Page 22
    ... Tablet PC in January 2008, which is helping further drive consumer demand for our Penabled DualTouch technology. We are now seeing digital pens becoming more popular among general PC users. Finally, major PC manufacturers adopted LCD modules that include our pen-sensor components and touch panel...

  • Page 23
    ...200 -300 -93 -323 -400 -1500 -1600 -1,539 '04 '05 '06 '07 '08 (For the year's ended March 31) Cash Dividends per Share / Payout Raito Cash Dividends per share(yen) Pay out Raito(%) Cash f lows from f inancing activities 40 (Millions of yen) 32.5 3,000 4,000 30 3,720 29.9 3,000 20.4 2,000...

  • Page 24
    ...March 31 2007 2008 Thousands of U.S. dollars (Note 1) March 31 2008 ASSETS: Current assets: Cash and deposits (Note 11) Notes and accounts receivable, trade...accounts (Note 2) Total current assets Fixed assets: Property, plant and equipment (Note 2) Land Buildings and facilities Machinery, equipment...

  • Page 25
    ...employees (Notes 2and 6) Accrued retirement benefits for directors and statutory corporate auditors (Note 2) Other long-term liabilities Total long-term liabilities Total liabilities NET ASSETS: Shareholders' equity: Common stock, Authorized :1,380,000 shares Issued : 420,156 shares in 2008...29,800 1,...

  • Page 26
    ...ended March 31 2007 2008 Thousands of U.S. dollars (Note 1) Year ended March 31 2008 Net sales (Note 17) Cost of sales (Note 17) Gross profit Selling... expenses: Interest expenses Loss on foreign currency exchange, net Inssuance expense of new stocks Loss on sale of fixed assets (Note 9) Loss on ...

  • Page 27
    ... Foreign currency translation adjustments (Note 2) Common stock Retained earnings Total net assets Year ended March 31, 2006 Issuance of new stocks Net income Cash dividends (Note 10) Bonuses to directors and statutory corporate auditors Other Year ended March 31, 2007 ¥3,803,231 184,770...

  • Page 28
    ... used in financing activities Effect of exchange rate changes on cash and cash equivalents Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (Notes 2 and 11) The accompanying notes are an integral part of these financial...

  • Page 29
    ... principally operates. The translation of Japanese yen amounts into U.S. dollar amounts is included solely for the convenience of the readers outside Japan and has been calculated at the rate of JPÂ¥100.19 = U.S.$1.00, the approximate rate of exchange on March 31, 2008. Such translations should not...

  • Page 30
    ... for financial reporting purposes and the amounts used for income tax purposes. (14) Leases Leases that transfer substantially all the risks and rewards of ownership of the assets are accounted for as finance leases. Leases that do not transfer ownership of the assets at the end of the lease term...

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    ... value Thousands of Thousands of yen U.S. dollars March 31, 2008 Securities with fair market value not exceeding book carrying amount-other: Book carrying amount Fair market value Difference Unsecured bank loans due 2007 to 2008 with average interest rates of 1.820% per annumLess: Portion due...

  • Page 32
    ... for Retirement Benefits (Part 2)" issued by the Accounting Standards Board of Japan on May 15, 2007. 10. Changes in net assets: (1) Type and number of shares outstanding and treasury stock Type of treasury stock Type of shares outstanding Common stock Total Common stock Total 7. Selling, general...

  • Page 33
    ...credit of corporation tax Others Effective income tax rate 39.7% 0.7 0.2 (1,9) (1,6) 37.1% Common ¥1,050,390 stock ¥2,500 March 31, June 3, 2008 2008 (Approval by) Board meeting on April 30, 2008 Type of shares Total amont Dividends of dividends per share (Thousands (dollar) of U.S. dollars...

  • Page 34
    ... and employees, which would result in an increase in the number of common shares with the following exercise prices. Date of ordinary shareholders' meeting Number of common shares granted (shares) Person granted Stock option to purchase newly issued shares Foreign exchange forward contracts...

  • Page 35
    ... Japan and U.S.A.: i) Europe: Germany, The United Kingdom ii) Asia/Oceania: China, South Korea, Australia, Hong Kong and Singapore c) Elimination or Corporate expenses of ¥1,951,205 thousand and ¥2,561,756 thousand ($25,569 thousand) during the years ended March 31, 2007 and 2008, respectively...

  • Page 36
    ... America: U.S.A. and Canada ii) Europe: The United Kingdom, Germany, France, Netherlands, etc. iii) Asia/ Oceania: South Korea, Taiwan, Australia, China, etc. iv) Others: Middle East, South America, Africa, etc. c) Overseas sales comprise the sales of the Company and its subsidiaries outside Japan...

  • Page 37
    Report of Independent Auditors 36

  • Page 38
    ... pen tablets • Interactive pen displays • Pen sensor components 2. Engineering Collaborative Solutions (ECS) Business Development, manufacture, sale, support, and maintenance of industrial systems • Electronic design CAD software • PDM/ENOVIA SmartTeam Mizuho Bank, Ltd. The Bank of Tokyo...

  • Page 39
    ... Tokyo Stock Exchange First Section (Trade code 6727) Share Data (As of March 31, 2008) Total number of shares to be issued Total number of issued shares Total number of shareholders 1,380,000 420,156 25,866 Major Shareholders (As of March 31, 2008) Name of shareholder Japan Trustee Services Bank...

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    © 2008 Wacom Co., Ltd. Wacom is a trademark of the Wacom Company, Ltd. All rights reserved. All other company names and product names are trademarks or registered trademarks of their respective owners.