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All Rights Reserved. Copyright © 2015 Wacom Co., Ltd. 3
FY03/15 Results Overview
Operating environment
Global economy recovery continued led by economic expansion in the U.S. Japan saw a steady
economic recovery after a consumption tax rise triggered a slowdown. On the other hand, there were
concerns of a slowdown in the Eurozone due to the Russia-Ukraine conflict. The JPY was weaker
than the previous fiscal year.
As cloud computing, mobile products, and SNS rapidly expand, the IT industry faces intensified
competition and structural change. The market trends surrounding the company are changing rapidly.
Performance overview
In Brand product Business, sales grew steadily and marked a record high for the whole fiscal period
owing to expansion in the Vertical Market Business, sales growth of our mobile products, and
favorable sales in Asian markets as well as successful global holiday campaigns.
In Comp. Business, sales for smartphones showed rapid recovery in 3Q from a stagnation caused
by the delay in mass production of customers’ new products. However, this decelerated rapidly in
March. Sales for tablet devices decreased substantially due to declining orders in major customer
models. As a result, overall sales decreased YOY.
OP and NP declined compared to the previous fiscal year due to the decrease in sales, the
increase in investment for IT infrastructure, and extraordinary loss.
Dividend per share was JPY 18.00, the payout ratio was 86.3% for FY 03/15 (JPY 17.50, 55.9% for
FY 03/14).