Wacom 2012 Annual Report Download

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© 2012 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.
JIS Q 9001:2008
JIS Q 14001:2004
JSAQ2067, JSAE1201
Annual Report
2012

Table of contents

  • Page 1
    2012 Annual Report JIS Q 9001:2008 JIS Q 14001:2004 JSAQ2067, JSAE1201 © 2012 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.

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

  • Page 3
    ... notes Bamboo Stylus specially designed for iPad is released. Acquisition of software business of digital signature from Florentis in UK Received the 16th "Disclosure Award" from Tokyo Stock Exchange ASUS adopts Wacom's pen and touch sensor component to a Tablet-type device "Eee Slate" Wacom India...

  • Page 4
    ... signature products in financial markets. We also expanded our numbers of users in mobile segments by introducing new category products such as "Bamboo Stylus" , an accessory type pen for iPad, "Bamboo Paper" , a note-taking application for iPad, as well as "Inkling" , a pen for digital sketching...

  • Page 5
    .... Wacom introduced a new ink communication with Bamboo Stylus and Bamboo Paper Wacom launched Bamboo Stylus for iPad in May, 2011 as a new product field. The design, ergonomics and natural feel of the Bamboo Stylus brought potential demands to iPad uses for a premium pen writing and sketching...

  • Page 6
    ... drawing with creative expression, specifically for Apple iPad users. It enables a more intuitive and accurate way to take notes in meetings and classroom settings or to sketch out rough ideas. Bamboo Stylus is available in six colors and Bamboo Stylus duo features the same responsive smooth pen nib...

  • Page 7
    .... La Laport a major mall management company in Japan and IKEA in Germany use our products for credit-card transactions with a digital signature. The Hilton Hotel in Milan, Italy also utilizes STU-520 for the digital check-in to improve work processes. Wacom feel IT Technologies is the brand that...

  • Page 8
    ...Digital Paper, Multifunctional Terminals, Tablet PCs etc. Pen input Standard Support on Windows Vista OS Multi-touch Standard Support on Windows 7 OS, Android OS Ink communication Standard Support on Android 4.0 OS, Windows 8 OS Tablet market Digital pen, Stylus pen, and Applications Electronic...

  • Page 9
    ...'12 America Europe Asia/Oceania Japan 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 10
    ...Executive Officers Masahiko Yamada CEO, Shigeki Komiyama Japan-Asia Pacific Region, Wataru Hasegawa Chief Financial Officer, Sadao Yamamoto R&D Office, Hidetoshi Kamoto Component Business Division, Masahiro Oba Tablet Business Unit SCM Division, Koji Shimoda Tablet Business Unit Product Development...

  • Page 11
    ...-Year Summary Wacom Co., Ltd. and Its Subsidiaries Five-Year Summary Thousands of yen Year ended March 31 2011 2010 Thousands of U.S. dollars Year ended March 31 2012 $495,262 217,739 49,489 42,639 26,540 24,423 2008 2009 2012 Financial Section For the year: Net sales Gross profit Operating...

  • Page 12
    ... due to the start of commercial production of Wacom' s pen-sensor system adopted by Samsung for its Galaxy Note smartphone. Solid shipments were also made of products destined for use in Windows PCs, tablet devices, smartphones, e-book readers, etc. In new product development, progress was made in...

  • Page 13
    ... year). The reason was a ¥1.2bn payment of shareholders' dividends and a repurchase of own shares of ¥0.44bn. Cash f lows from operating activities (Millions of yen) 5000 4,881 Thousands of yen March 31 2011 2012 Thousands of U.S. dollars (Note 1) March 31 2012 4000 3,461 3000 3,606 2000...

  • Page 14
    ...307,536 600,000 1,375,072 613,708 89,174 60,800 3,149,516 14,195,806 $101,077 7,300 16,730 7,467 1,085 740 38,320 172,719 Net sales Cost of sales (Note 6) Gross profit Selling, general and administrative expenses (Note 6) Operating income Non-operating income: Interest and dividends income Refund...

  • Page 15
    ... 2012 Thousands of U.S. dollars (Note 1) Year ended March 31 2012 Consolidated Statements of Changes in Net Assets Wacom Co., Ltd. and Its Subsidiaries Thousands of yen March 31 2011 2012 ¥4,196,405 4,196,405 4,037,819 4,037,819 13,060,831 (22,166) 13,038,665 (1,205,448) 1,967,083 761,635 13,800...

  • Page 16
    ...are as follows; •Wacom Europe GmbH •Wacom Technology Corporation •Wacom China Corporation •Wacom Korea Co., Ltd. •Wacom Australia Pty. Ltd. •Wacom Hong Kong Ltd. •Wacom Singapore Pte. Ltd. •Wacom Taiwan Information Co., Ltd. •Wacom Technology Services, Corp. •Wacom India Pvt. Ltd...

  • Page 17
    ... time of customer's receipt as a result of the current international harmonization of accounting treatments and the review of our company structure by the introduction of new accounting system. This change has been retroactively applied and the financial statements for the year ended March 31, 2011...

  • Page 18
    ...) for the years ended March 31, 2011 and 2012, respectively. (4)Gain on sales of noncurrent assets Thousands of yen Thousands of U.S. dollars 800 800 5,000 5,000 The Company resolved approval at the board meeting held on April 26, 2012 as follows: (Approval by) Type of shares Total amount...

  • Page 19
    ... customer, and check customer's credit status on a regular basis according to the Company' s credit limit management policy. "Notes and account payable - trade" are mostly due within one year. "Short-term loans payable" account is primarily utilized for financing relating to business transactions...

  • Page 20
    ...stock options i)Number of stock options (Unit: shares) Date of ordinary shareholders' meeting November 8, 2002 June 24, 2010 June 23, 2011 Foreign exchange forward contracts: To sell Euros To buy U.S. dollars Total $19,545 2,015 $- ($738) 4 ($734) ($738) 4 ($734) (1)Service cost (2)Interest cost...

  • Page 21
    ... business: Tablets and related software March 31, 2011 Statutory effective tax rate Tax credit of corporation tax 39.7% (3.2) (1.0) 0.6 0.4 (2.1) (1.8) 0.8 33.4% Deferred tax assets: Inventory-inter-company profit Accrued expenses Accrued bonuses Accrued retirement benefits Software development...

  • Page 22
    ... 31, 2012 Japan Property, plant and equipment North AmericaA Europe Asia/ Oceania Total Unamortized balance of goodwill Tablet Thousands of dollars As of March 31, 2012 Component Others Elimination/ Corporate Total $33,712 $6,152 $1,419 $2,726 $44,009 $- $571 $- $- $571 Note: Information...

  • Page 23
    ... principles and policies" , the Company has changed the timing of revenue recognition for the Company' s standard products to recognize revenue at the point of arrival at the customer' s location rather than upon shipment from the beginning of fiscal year ended March 31, 2012. This change has been...

  • Page 24
    ... (As of March 31, 2012) Business Segments Name of shareholder JP Morgan Chase Bank 385174 Japan Trustee Services Bank, Ltd. (Trust Account) The Master Trust Bank of Japan, Ltd. (Trust Account) Eto Yoji Office Yoji Eto Wilnau Co. State Street Bank and Trust Company 505103 Masahiko Yamada The Chase...