Results for the Six Months Ended September 30, 2004
(1) Overview of Financial Results
|Net sales for the first half of fiscal 2004 were 1,257.0 billion yen, up 14.9% over the same period last year, indicating a record high performance for the second year in a row.
Operating income was 77.5 billion yen, up 32.4% over the same period last year.
Operating profit ratio was 6.2%, an increase of 0.8% point from the same period last year.
Net income for the first half was 39.3 billion yen, up 40.7% over the same period last year.
Both operating income and net income represent new record highs.
(2) Results by Product Group
Note:Sales by Product Group include internal sales between segments (Consumer/Information Products and Electronic Components).
[ Consumer/Information Products ]
Sales of Audio-Visual and Communication Equipment were 461.4 billion yen, an increase of 15.3% over the same period last year, and were fueled by continued growth in sales of LCD color TVs as well as steady increases in sales centered mainly on 3G-compatible mobile phones.
Sales of Home Appliances were 109.8 billion yen, down 0.5%, and sales of Information Equipment were 211.5 billion yen, up 6.6% over the same period last year.
As a result, sales of Consumer/Information Products as a whole totaled 782.9 billion yen, up 10.4% over the same period last year.
[ Electronic Components ]
Sales of ICs were 114.8 billion yen, down 1.0% from the same period last year.
Sales of CCD and CMOS imagers increased, centered mainly on units specifically intended for use in camera-equipped mobile phones, while sales of flash memory were lower than the same period last year reflecting impact of price erosion.
Sales of LCDs rose to 360.0 billion yen, up 52.3% over the same period last year.
Sales increased for small- and medium-size LCDs including System LCDs, as well as LCD panels for LCD color TVs, the latter contributed by the new Kameyama Plant.
Sales of Other Electronic Components were 136.0 billion yen, up 15.8% over the same period last year, as a result of considerable sales increase in solar cells.
Overall, sales of Electronic Components comprising these three device groups totaled 610.9 billion yen, up 30.0% compared to the same period last year.
Operating income for Consumer/Information Products increased to 27.6 billion yen, up 24.8% over the same period last year, and for Electronic Components to 51.3 billion yen, up 41.9% compared to the same period last year.
(3) Capital Investment, Depreciation and Amortization, R&D Expenditures
Capital investment was 108.2 billion yen, down 4.7% from the same period last year. Depreciation and amortization was 82.1 billion yen, up 11.2%. And R&D expenditures were 89.4 billion yen, up 9.2%.