Yamaha 2003 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2003 Yamaha annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 50

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

ANNUAL REPORT 2003 23
SIX-YEAR SUMMARY
YAMAHA CORPORATION and Consolidated Subsidiaries
At March 31
Millions of Yen
2003 2002 2001 2000 1999 1998
For the year:
Net sales.......................................................... ¥524,763 ¥504,406 ¥519,104 ¥527,897 ¥563,751 ¥608,990
Cost of sales..................................................... 338,307 340,411 346,200 371,758 402,239 416,435
Gross profit...................................................... 186,456 163,994 172,904 156,140 161,511 192,556
Selling, general and administrative expenses .... 154,413 152,951 149,902 148,057 161,608 168,452
Operating income (loss) ................................... 32,043 11,043 23,001 8,082 (97) 24,103
Income (loss) before income taxes and
minority interests........................................... 22,612 (5,784) 23,491 (47,601) (6,532) 18,995
Net income (loss) ............................................. 17,947 (10,274) 13,320 (40,777) (15,879) 13,475
At year-end:
Total assets...................................................... ¥512,716 ¥509,663 ¥522,486 ¥543,088 ¥532,852 ¥544,465
Total shareholders’ equity, net......................... 214,471 201,965 196,733 221,750 214,896 231,940
Total current assets ......................................... 221,089 211,140 231,872 205,979 212,911 217,408
Total current liabilities.................................... 158,148 144,498 175,371 178,281 189,386 181,409
Yen
Amounts per share:
Net income (loss):
Primary........................................................ ¥ 86.65 ¥ (49.75) ¥ 64.50 ¥ (197.45) ¥ (76.89) ¥ 65.25
After full dilution......................................... 77.32 — 61.84 — — 62.86
Shareholders’ equity ........................................ 1,040.06 978.15 952.62 1,073.75 1,040.56 1,123.09
%
Ratios:
Current ratio .................................................... 139.8% 146.1% 132.2% 115.5% 112.4% 119.8
Shareholders’ equity ratio................................ 41.8 39.6 37.7 40.8 40.3 42.6
Return on assets .............................................. 3.5 (2.0) 2.5 (7.6) (2.9) 2.5
Return on equity.............................................. 8.6 (5.2) 6.4 (18.7) (7.1) 6.0
Notes:1. Figures for net sales do not include national consumption tax.
2. Net income per share after full dilution (yen) for the fiscal years ended March 31, 2002, 2000 and 1999 is not presented because net
losses for the years then ended were recorded.
%