Fiscal 2005 Financial Results
(1) Overview of Financial Results
|Net sales set a record for the third consecutive year of 2,797.1 billion yen, up 10.1% compared to the previous year.|
Operating income was 163.7 billion yen, up 8.4% and net income was 88.6 billion yen, up 15.4%, both compared to the previous year and representing record-setting levels for the third year in a row.
(2) Sales by Product Group
Note: Sales by Product Group include internal sales between segments (Consumer/Information Products and Electronic Components).
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Sales of Audio-Visual and Communication Equipment were 1,091.2 billion yen, up 12.1% over the previous year. Sales for LCD TVs, mainly large-screen models, were strong. Mobile phones also contributed to the overall growth in sales.
Sales of Home Appliances were 224.7 billion yen, up 5.9% over the previous year, and sales of Information Equipment were 426.8 billion yen, the same level as the previous year.
As a result, sales of these three product groups comprising Consumer/Information Products were 1,742.8 billion yen, up 8.1% over the previous year.
Sales of LSIs were 190.4 billion yen, down 3.6% from the previous year. Sales of CCD/CMOS imagers grew, whereas flash memory saw a year-on-year decline, reflecting the impact of falling prices.
Sales of LCDs were 857.5 billion yen, up 19.1% over the previous year. Increased production capacity at the Kameyama Plant led to strong sales of large-size TV panels. Sales of small- and medium-size LCDs, particularly System LCDs, also contributed to growth.
Sales of Other Electronic Components were 310.1 billion yen, up 10.9% over the previous year as solar cells drove strong sales.
As a result, sales of the three product groups comprising Electronic Components were 1,358.0 billion yen, up 13.4% over the previous year.
Operating income for Consumer/Information Products was 62.2 billion yen, up 9.2% over the previous year, reflecting growth in each of the three groups.
Operating income for Electronic Components was 101.9 billion yen, an increase of 9.0% compared to the previous year, reflecting the significant growth of the LCD business.
(3) Capital Investment, Depreciation and Amortization, and R&D Expenditures
Capital investment was 218.9 billion yen, up 2.8% over the previous year. This included a 148.0 billion yen investment into the LCD business. Depreciation and amortization was 193.1 billion yen, up 9.7%, and R&D expenditures were 185.2 billion yen, up 5.5%, both compared to the previous year.