Yamaha 1998 Annual Report Download - page 2

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YAMAHA CONSOLIDATED FINANCIAL REPORT 1
Millions of Yen (except where indicated)
1998 1997 1996 1995 1994
NONCONSOLIDATED:
Net sales............................................................. ¥417,218 ¥402,910 ¥383,134 ¥338,949 ¥316,177
Recurring profit.................................................. 11,429 15,068 13,649 6,291 2,191
Net income......................................................... 5,068 7,401 7,187 2,415 593
Stated capital ...................................................... 28,533 28,533 16,525 16,525 16,525
Number of shares outstanding............................ 206,523,263 206,523,263 194,080,355 194,080,355 194,080,355
Shareholders’ equity............................................ 164,665 161,726 131,927 125,904 124,652
Total assets......................................................... 317,137 326,953 314,449 293,486 290,534
Shareholders’ equity ratio (%)............................. 51.9 49.5 42.0 42.9 42.9
Shareholders’ equity per share (yen).................... 797.32 783.09 679.76 648.72 642.27
Cash dividends per share (yen)............................ 10 9766
[of which interim cash dividends per share] ........ 54333
Net income per share (yen)................................. 24.54 37.87 37.03 12.45 3.06
Net income per share after full dilution (yen) ..... 24.22 35.24 34.59 — —
Dividend payout ratio (%).................................. 40.7 24.4 18.9 48.2 196.1
Number of employees......................................... 9,281 9,324 9,872 10,317 10,676
CONSOLIDATED:
Net sales............................................................. ¥608,990 ¥604,746 ¥531,236 ¥482,554 ¥445,607
Recurring profit.................................................. 19,015 24,389 20,034 8,784 497
Net income (loss)................................................ 13,475 14,066 9,430 5,339 (3,985)
Shareholders’ equity............................................ 231,940 219,970 169,186 157,238 154,667
Total assets......................................................... 544,465 549,162 513,905 471,105 471,994
Shareholders’ equity per share (yen).................... 1,123.09 1,065.17 871.76 810.18 796.94
Net income (loss) per share (yen)........................ 65.25 71.97 48.59 27.51 (20.53)
Net income per share after full dilution (yen) ..... 62.86 65.83 44.89 — —
Notes: 1) Figures for nonconsolidated and consolidated net sales do not include national consumption taxes.
2) Interim cash dividends for the fiscal year ended March 31, 1998, were decided at the Board of Directors meeting on November 13, 1997.
FINANCIAL HIGHLIGHTS
Yamaha Corporation and Consolidated Subsidiaries
Years ended March 31