Yamaha 2010 Annual Report Download - page 73

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Thousands of U.S. Dollars (Note 3)
Year ended March 31, 2010
Musical
instruments AV/IT
Electronic
devices
Lifestyle-
related
products Others Total
Eliminations or
unallocated
amounts Consolidated
I. Sales and operating
income (loss)
Sales to external customers $2,969,175 $584,791 $212,221 $397,055 $295,153 $4,458,416 $ — $4,458,416
Intersegment sales or transfers – – 7,717 – – 7,717 (7,717) –
Total 2,969,175 584,791 219,948 397,055 295,153 4,466,144 (7,717) 4,458,416
Operating expenses 2,914,166 569,680 226,462 393,132 289,273 4,392,756 (7,717) 4,385,028
Operating income (loss) $ 54,998 $ 15,101 $(6,513) $ 3,923 $ 5,868 $ 73,388 $ — $ 73,388
II. Total assets, depreciation
and amortization, loss on
impairment of fixed
assets and capital
expenditures
Total assets $2,831,814 $371,066 $159,372 $ — $960,071 $4,322,356 $ — $4,322,356
Depreciation and amortization 102,225 15,434 10,544 9,534 14,220 151,967 — 151,967
Loss on impairment of
fixed assets 14,295 1,612 – – 5,170 21,088 — 21,088
Capital expenditures 125,355 14,488 7,083 5,643 3,052 155,632 — 155,632
Notes: (1) The business segments have been determined based on the application or nature of each product in the market.
(2) Major products in each business segment:
Business segment Major products and services
Musical instruments Pianos, digital musical instruments, wind instruments, string instruments, percussion instruments, educational musical instruments, professional
audio equipment, soundproof rooms, music schools, English language schools, music entertainment software, and piano tuning
AV/IT Audio products, and IT equipment
Electronic devices Semiconductors
Lifestyle-related products System bathrooms, system kitchens, and washstands
Others Golf products, automobile interior wood components, factory automation (FA) equipment, metallic molds and components, and management of
accommodation facilities and sports facilities
The major products and services are described in the accompanying “Review of Operations.”
(3) Among the assets of the others segment, the amounts of investment securities related to Yamaha Motor Co., Ltd. (the market value reported on the accompanying consolidated balance
sheets) were as follows:
2010 ¥59,742 million ($642,111 thousand)
2009 ¥37,312 million
(4) Three companies, Yamaha Livingtec Corporation and its two wholly owned subsidiaries, Yamaha Living Products Corporation and Joywell Home Corporation, formerly conducted lifestyle-
related products business. However, following the transfer of 85.1% of the shares that Yamaha Corporation held in Yamaha Livingtec on March 31, 2010, to a limited investment partnership
managed and operated by Japan Industrial Partners and other investors, these three companies have been excluded from the scope of consolidation of Yamaha Corporation. Profit and loss
accounts and cash flow information were consolidated until the end of period.
(5) Changes in segment names:
During the year ended March 31, 2008, the Company sold its electronic metal products business, and beginning with the year ended March 31, 2009, the name of the former electronic
equipment and metal products segment has been changed to the electronic devices segment.
(6) Changes in business segment classification:
During the year ended March 31, 2008, the Company sold four of its six recreation facilities, and, in view of the decline in materiality of the recreation business for the Company’s consoli-
dated accounts, beginning with the year ended March 31, 2009, changes have been made to include the recreation business in the others segment. As a result, the figures for the others
segment include ¥6,104 million in sales, ¥310 million in operating loss, ¥4,231 million in assets, ¥363 million in depreciation, ¥3,918 million of loss on impairment of fixed assets, and ¥182
million of capital expenditure related to the recreation business that were applicable to the year ended March 31, 2009.
Geographical Segments
Millions of Yen
Year ended March 31, 2010 Japan North America Europe
Asia, Oceania
and other areas Total
Eliminations or
unallocated
amounts Consolidated
I. Sales and operating income (loss)
Sales to external customers ¥227,246 ¥56,941 ¥71,052 ¥ 59,570 ¥414,811 ¥ — ¥414,811
Intersegment sales or transfers 108,619 891 1,550 54,620 165,681 (165,681) —
Total 335,865 57,833 72,602 114,191 580,493 (165,681) 414,811
Operating expenses 343,376 55,533 70,146 106,807 575,864 (167,880) 407,983
Operating income (loss) ¥ (7,510) ¥ 2,300 ¥ 2,455 ¥ 7,383 ¥ 4,628 ¥ 2,199 ¥ 6,828
Total assets ¥283,038 ¥27,255 ¥39,586 ¥ 71,492 ¥421,372 ¥ (19,220) ¥402,152
Annual Report 2010 71
Financial Section