Minebea Co., Ltd. Supplementary data for financial results Year - - PowerPoint PPT Presentation

SLIDE 1

Minebea Co., Ltd. Supplementary data for financial results Year ended March 31, 2002 （ May 17, 2002)

Any statements in the presentation which are not an historical fact are future projections made based on certain assumptions and our management's judgment drawn from currently available information. Please note that actual performance may vary significantly from any particular projection, due to various factors. Factors affecting our actual performance include: (i) changes in economic indicators surrounding us or demand trends; (ii) fluctuation of foreign exchange rates or interest rates; and (iii) our ability to continue R&D, manufacturing and marketing in a timely manner in the electronics business sector, where technological innovations are rapid and new products are launched continuously. However, this is not a complete list of the factors affecting actual performance.

SLIDE 2

（ Supplementary financial data）

Consolidated Balance Sheets (Assets)

Decrease in sales Effect of inventory reduction Capex ¥26,245mn Depreciation ¥24,292mn Influence of depreciation

• f yen

Realized losses on securities ¥1,466mn Unrealized losses on investments securities ¥1,276mn

( M i l l i

• n

s

• f

y e n )

Remarks

Current assets

1 3 7 , 1 6

1 3 1 , 5 4 8

( 5 , 5 5 7 )

Cash and cash equivalents and marketable securities Notes and accounts receivable

5 5 , 2 7 7

5 1 , 2 8 1

( 3 , 9 9 5 )

Inventories

5 2 , 7 6 4

4 9 , 8 8 7

( 2 , 8 7 6 )

Others

1 7 , 1 3 5

1 6 , 4 2 6

( 7 8 )

Fixed assets

2 9 , 7 1 4

2 1 8 , 4 7 1

8 , 7 5 7

Tangible fixed assets

1 6 8 , 7 3 2

1 8 3 , 4 3 7

1 4 , 7 4

Intangible fixed assets

1 6 , 2 2 5

1 5 , 5 4

( 7 2 )

Investment and other assets

2 4 , 7 5 6

1 9 , 5 2 8

( 5 , 2 2 7 )

Deferred assets

1 4 4

1 7

( 1 2 7 )

Total assets

3 4 6 , 9 6 5

3 5 , 3 7

3 , 7 2 1 1 , 9 3

1 3 , 9 5 2

2 , 2 2

As of

As of

change

• Mar. 01-Mar. 02
• Mar. 31 2002
• Mar. 31 2001

１

SLIDE 3

（ Supplementary financial data）

Consolidated Balance Sheets (Liabilities)

Decrease in purchasing Decrease in allowance for loss on the liquidation of the automotive wheel business ¥2,762mn Increase in current portion of long-term loans payable ¥24,212mn Current portion of convertible bonds ¥13,823mn

( M i l l i

• n

s

• f

y e n )

Remarks

Current liabilities

1 2 7 , 2 9

1 5 6 , 9 8

2 9 , 6 1 7

Notes and accounts payable

2 9 , 1 7

2 6 , 1 1 5

( 3 , 5 4 )

Short-term interest-bearing debts

6 6 , 5 2 9

1 3 , 4 6

3 6 , 9 3

Others

3 1 , 5 8 8

2 7 , 3 3 1

( 4 , 2 5 8 )

Long-term liabilities

1 1 8 , 9 7 8

8 , 3 1

( 3 8 , 6 7 7 )

Long-term interest-bearing debts

1 1 8 , 6 2 9

7 9 , 2 1 2

( 3 9 , 4 1 6 )

Others

3 4 8

1 , 8 8

7 4

Total liabilities

2 4 6 , 2 6 9

2 3 7 , 2 9

( 9 , 5 9 )

Minority interest in

1 2 2

9 5

( 2 6 )

Consolidated subsidiaries Shareholders' equity

1 , 5 7 4

1 1 2 , 7 3 1

1 2 , 1 5 7

Total liabilities and

3 4 6 , 9 6 5

3 5 , 3 7

3 , 7 2

Shareholders' equity Interest-bearing debts

1 8 5 , 1 5 8

1 8 2 , 6 7 2

( 2 , 4 8 6 )

Net interest-bearing debts

1 7 3 , 2 2 8

1 6 8 , 7 2

( 4 , 5 8 )

As of

As of change

• Mar. 31 2001
• Mar. 31 2002
• Mar. 01-Mar. 02

２

SLIDE 4

（ Supplementary financial data）

Consolidated Statements of Income

( M i l l i

• n

s

• f

y e n )

Remarks

Net sales

2 8 7 , 4 5

2 7 9 , 3 4 4

( 7 , 7 1 )

Cost of sales

2 2 , 9 2 8

2 6 , 6

3 , 1 3 2

Gross profit

8 4 , 1 1 7

7 3 , 2 8 3

( 1 , 8 3 4 )

Gross profit margin

2 9 . 3 %

2 6 . 2 %

S.G.& A. expenses

5 1 , 1 3 9

5 1 , 3 1 1

1 7 1

Operating income

3 2 , 9 7 7

2 1 , 9 7 1

( 1 1 , 5 )

Operating income margin

1 1 . 5 %

7 . 9 %

Other income (expense)

( 8 , 2 5 1 )

( 5 , 9 7 7 )

2 , 2 7 3

Net interest income

( 7 , 1 9 )

( 5 , 4 4 )

2 , 6 4

Other

( 1 , 1 4 3 )

( 9 3 3 )

2 1

Ordinary income

2 4 , 7 2 6

1 5 , 9 9 5

( 8 , 7 3 1 )

Extraordinary income (loss)

( 2 , 3 3 9 )

( 3 , 4 6 )

( 7 8 )

Income (loss) before income taxes Income taxes

7 , 4 5 6

7 , 6 2 9

1 7 3

Minority interest in earnings of consolidated subsidiaries Net Income (loss)

1 4 , 8 2 6

5 , 2 9 8

( 9 , 5 2 7 )

1 2 , 9 4 8

( 9 , 4 3 8 ) ( 8 4 )

Year ended

Year ended

1 4

2

• Mar. 01
• Mar. 02

Y.O.Y Change

2 2 , 3 8 7

Decline due to sale of Actus ¥9,658mn Increase due to transfer of domestic sales division from Keiaisha ¥5,645mn Decrease as a result

• f sale of Actus

¥4,142mn Interest expenses were reduced as a result of decrease in interest- bearing debts and decline in interest rates

• cf. P.5

Including income tax adjustment amounted ¥2,711mn under tax effective accounting system

３

SLIDE 5

（ Supplementary financial data）

Consolidated Statements of Income ~ Main Categories in Selling, General and Administrative Expenses ~

( M i l l i

• n

s

• f

y e n )

Shipping and packaging

1 1 , 5 9 6

1 , 7 1 1

( 8 8 5 )

Accrued bonuses

1 , 5 2 7

1 1 , 8 3 7

1 , 3 1

Depreciation expense

2 , 4 5

2 , 6 2 8

1 7 8

Sales commission

3 , 3 7

1 , 8 6 6

( 1 , 1 7 1 )

Amortization of consolidation adjustments

1 , 5 3 3

1 , 1 9 3

( 3 4 )

Y.O.Y Change Year ended

Year ended

• Mar. 01
• Mar. 02

４

SLIDE 6

（ Supplementary financial data）

Consolidated Statements of Income – Breakdown for Extraordinary Income and Loss –

( M i l l i

• n

s

• f

y e n )

Remarks Extraordinary income

1 , 7 2 7

G a i n f r

• m

d i s c h a r g e

• f

d e b t s

7 1 4

G a i n

• n

s a l e s

• f

f i x e d a s s e t s

2 4 7

R e v e r s a l

• f

a l l

• w

a n c e f

• r

d

• u

b t f u l r e c e i v a b l e s

2 6 9

R e v e r s a l

• f

a l l

• w

a n c e f

• r

l

• s

s

• n

t h e l i q u i d a t i

• n
• f

t h e a u t

• m
• t

i v e w h e e l b u s i n e s s Extraordinary loss

4 , 7 7 3

L

• s

s

• n

d i s p

• s

a l

• f

i n v e n t

• r

i e s

1 , 1 2 5

L

• s

s

• n

s a l e s

• f

f i x e d a s s e t s

2 2 5

L

• s

s

• n

d i s p

• s

a l

• f

f i x e d a s s e t s

3 8 6

L

• s

s

• n

s a l e s

• f

i n v e s t m e n t s s e c u r i t i e s

6

L

• s

s

• n

s a l e s

• f

i n v e s t m e n t s s e c u r i t i e s i n a f f i l i a t e s

1 , 4 6 6

L

• s

s

• n

l i q u i d a t i

• n
• f

a f f i l i a t e s

9 3 7

R e t i r e m e n t b e n e f i t e x p e n s e

6 2 6

Net Extraordinary income (expense)

( 3 , 4 6 )

Year ended Mar. 02

4 9 6

Reversal of tax of Minebea Investment (Pte.) Ltd. ¥665mn Sale of land for company housing ¥118mn Reversal of allowance by recovery of loans available to Asia Investment ¥209mn Reversal of allowance balance Sale of building for company housing ¥20mn Valuation loss on financial institutions shares Loss on liquidation of Power System Inc. (USA) ¥411mn Expense related to the abolition of company plane ¥367mn Allowance for FX exchange losses at a subsidiary in S’pore ¥159mn

５

SLIDE 7

（ Supplementary financial data）

Segment Information

( M i l l i

• n

s

• f

y e n )

Machined Components Business Toal sales (incd. internal sales)

1 3 3 , 5 6

6 6 , 1 5 6 4 , 2 5 6 1 3 , 3 6 1

Net Sales

1 2 4 , 4 6 1

6 2 , 1 9 5 5 9 , 8 3 1 2 2 , 2 5

Operating income

2 3 , 9 6

1 2 , 5 6 4 9 , 5 7 1 2 2 , 1 3 5

Operating income margin

1 7 . 9 %

1 9 . % 1 4 . 9 % 1 7 . %

Electronic Devices and Components Business Toal sales (incd. internal sales) Net Sales Operating income

8 , 2 5 9

( 7 4 ) ( 8 8 ) ( 1 6 2 )

Operating income margin

5 . 4 %

( . 1 % ) ( . 1 % ) ( . 1 % )

Consumer Business and Others Toal sales (incd. internal sales) Net Sales Operating income

8 1 2

6 ( 6 )

Operating income margin

7 . 6 %

. 8 % ( 2 . % ) . %

Total Net Sales

2 8 7 , 4 5

1 3 6 , 8 8 2 1 4 2 , 4 6 2 2 7 9 , 3 4 4

Operating income

3 2 , 9 7 7

1 2 , 4 9 6 9 , 4 7 6 2 1 , 9 7 2

Operating income margin

1 1 . 5 %

9 . 1 % 6 . 7 % 7 . 9 %

1 5 1 , 9 1

7 3 , 9 7 8 8 2 , 3 2 5 1 5 6 , 3 3

1 , 6 7 4

7 9 3 7 1 , 1 6

Year ended Mar. 02 Year ended Mar. 02

Year ended Mar.01 full year

first half full year

Remarks

Year ended Mar. 02 second half

Ball bearings for home electronics and automobile were firm, for PC-related market were weak Rod-end bearings for aerospace were firm Fall in demand from PC-related market Increase in sales of spindle motors Strong keyboard business Under the contract we continued to purchase furniture in Europe until Feb. 2002

６

SLIDE 8

（ Supplementary financial data）

Effect of FX Fluctuations on Net Sales and Operating Income

3 2 , 9 7 7 2 , 4 2 4 1 , 2 , 3 , 4 ,

Y e a r e n d e d M a r . 1 Y e a r e n d e d M a r . 2

O p e r a t i n g I n c

• m

e

( M i l l i

• n

s

• f

y e n )

2 1 , 9 7 2 2 8 7 , 4 5 2 6 1 , 2 3 5 5 , 1 , 1 5 , 2 , 2 5 , 3 ,

Y e a r e n d e d M a r . 1 Y e a r e n d e d M a r . 2

C

• n

s

• l

i d a t e d N e t S a l e s

( M i l l i

• n

s

• f

y e n )

2 7 9 , 3 4 4

Effect of FX fluctuations added approximately ¥1.5billion Effect of FX fluctuations added approximately ¥18.1billion

E x c h a n g e R a t e

Y e a r e n d e d M a r . 1 Y e a r e n d e d M a r . 2

U S $ 1 9 . 7 7 1 2 5 . 1 1 B T 2 . 6 5 2 . 8 1 S $ 6 3 . 8 1 6 9 . 5 E U R O 1 . 1 1 1 . 4 1

７

SLIDE 9

（ Supplementary financial data）

Consolidated Statements of Cash Flows

( M i l l i

• n

s

• f

y e n )

Remarks

Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Effective of Exchange Rate Changes

• n Cash and Cash Equivalents

Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year

2 4 , 4 3 2 1 1 , 9 3 ( 1 2 , 5 2 ) 1 1 , 9 3 1 3 , 9 5 2 2 , 2 2 3 8 , 3 3 2 8 , 7 5 2 ( 1 7 , 1 3 8 ) ( 8 , 3 1 7 ) 8 , 8 2 ( 3 3 , 9 9 ) ( 2 4 , 3 4 6 )

Year ended

1 , 2 6 5 ( 5 9 6 ) 6 6 9

Year ended

Y.O.Y Change

• Mar. 02

3 4 , 1 7 ( 4 , 3 1 4 )

• Mar. 01

Decrease in income Decrease in Capex Decrease in the amount of debt repayment

８

SLIDE 10

（ Supplementary financial data）

Consolidated Sales and Income by Division

Sales Trend by Segment 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000

Apr.98- Sept.98 Oct.98- Mar.99 Apr.99- Sept.99 Oct.99- Mar.00 Apr.00- Sept.00 Oct.00- Mar.01 Apr.01- Sept.01 Oct.01- Mar.02 Apr.02- Sept.02E Oct.02- Mar.03E

Bearing related products Other machinery components Rotary components Other electronic devices Consumer business and others (Millions of yen)

Profit Margin Trend

• 8%
• 4%

0% 4% 8% 12% 16%

A p r . 9 8

• S

e p t . 9 8 O c t . 9 8

• M

a r . 9 9 A p r . 9 9

• S

e p t . 9 9 O c t . 9 9

• M

a r . A p r .

• S

e p t . O c t .

• M

a r . 1 A p r . 1

• S

e p t . 1 O c t . 1

• M

a r . 2 A p r . 2

• S

e p t . 2 E O c t . 2

• M

a r . 3 E

O p e r a t i n g i n c

• m

e m a r g i n O r d i n a r y i n c

• m

e m a r g i n N e t i n c

• m

e m a r g i n

(Millions of yen) Apr.98- Sept.98 Oct.98- Mar.99 Apr.98- Mar.99 Apr.99- Sept.99 Oct.99- Mar.00 Apr.99- Mar.00 Apr.00- Sept.00 Oct.00- Mar.01 Apr.00- Mar.01 Apr.01- Sept.01 Oct.01- Mar.02 Apr.01- Mar.02 Apr.02- Sept.02 Oct.02- Mar.03E Apr.02- Mar.03E Bearing related products 5 6 , 1 4 8 5 3 , 3 8 7 1 9 , 5 3 5 5 2 , 2 0 4 9 , 8 2 7 1 1 , 8 4 7 4 9 , 3 4 3 5 1 , 7 5 3 1 1 , 9 6 5 1 , 1 8 8 4 8 , 9 2 5 1 , 1 1 3 4 9 , 1 4 9 , 7 9 8 , 8 Other machinery components 1 3 , 7 8 9 1 3 , 4 8 3 2 7 , 2 7 2 1 2 , 4 9 5 1 3 , 3 9 2 2 5 , 8 8 7 1 1 , 6 1 0 1 1 , 7 5 5 2 3 , 3 6 5 1 1 , 6 1 , 9 5 2 1 , 9 1 1 1 , 3 5 9 , 5 1 9 , 8 5 Rotary components 3 3 , 9 4 3 , 8 8 5 6 4 , 7 8 9 3 2 , 1 4 8 3 1 , 6 1 0 6 3 , 7 5 8 3 5 , 6 2 8 3 7 , 9 7 5 7 3 , 6 3 3 5 , 9 1 7 4 , 5 2 3 7 6 , 4 4 4 5 , 3 4 8 , 1 5 9 3 , 4 5 Other electronic devices 4 9 , 1 8 5 4 3 , 6 2 9 9 2 , 8 1 4 4 1 , 1 7 6 4 1 , 1 9 9 8 2 , 3 7 5 3 9 , 8 4 4 3 8 , 4 6 3 7 8 , 3 7 3 8 , 6 2 4 1 , 8 0 7 9 , 8 6 2 3 7 , 2 5 3 8 , 6 5 7 5 , 9 Consumer business and others 1 , 8 1 7 9 , 9 7 1 , 9 1 4 5 , 3 2 5 5 , 5 6 5 1 , 8 9 5 , 6 9 9 4 , 9 7 5 1 , 6 7 4 7 9 3 7 1 , 1 6 Total sales 1 5 4 , 8 4 8 1 5 , 4 7 6 3 5 , 3 2 4 1 4 3 , 1 6 4 1 4 1 , 5 9 3 2 8 4 , 7 5 7 1 4 2 , 1 2 4 1 4 4 , 9 2 1 2 8 7 , 4 5 1 3 6 , 8 8 2 1 4 2 , 4 6 2 2 7 9 , 3 4 4 1 4 2 , 0 1 4 6 , 0 2 8 8 , Machined components business ― ― ― ― ― 2 1 , 9 9 6 1 2 , 1 9 1 1 , 8 8 7 2 3 , 9 6 1 2 , 5 6 4 9 , 5 7 1 2 2 , 1 3 5 9 , 8 1 2 , 2 2 2 , Electronic devices and components ― ― ― ― ― 8 , 2 5 4 4 , 6 6 9 3 , 5 9 8 , 2 5 9 △7 4 △8 8 △1 6 2 2 1 , 8 2 , Consumer business and others ― ― ― ― ― 8 1 9 4 8 9 3 2 3 8 1 2 6 △6 Operating income 1 9 , 7 3 5 1 8 , 8 1 1 3 8 , 5 4 6 1 6 , 4 5 0 1 4 , 6 1 9 3 1 , 6 9 1 7 , 1 7 7 1 5 , 8 0 3 2 , 9 7 7 1 2 , 4 9 6 9 , 4 7 5 2 1 , 9 7 2 1 , 1 4 , 2 4 , Ordinary income 1 1 , 4 8 9 8 , 7 3 2 2 , 2 2 1 1 2 , 2 3 7 9 , 2 8 5 2 1 , 5 2 2 1 2 , 9 8 7 1 1 , 7 3 9 2 4 , 7 2 6 8 , 9 5 2 7 , 4 3 1 5 , 9 9 5 7 , 3 1 1 , 2 1 8 , 5 Net income 2 , 5 4 7 8 , 9 6 0 1 1 , 5 7 △5 , 2 8 9 2 , 6 1 2 △2 , 6 7 7 7 , 8 4 7 , 7 4 2 1 4 , 8 2 6 4 , 3 8 4 9 1 4 5 , 2 9 8 3 , 6 6 , 4 1 , Machined components business : Bearing related products & Other machinery components Electronic device and components business : Rotary components & Other electronic devices

９

SLIDE 11

Consolidated Sales and Production by Region

（ Supplementary financial data）

2 . C

• n

s

• l

i d a t i

• n

P r

• d

u c t i

• n

b y R e g i

• n

1 4 % 1 5 % 1 4 % 1 1 % 7 3 % 7 4 % 7 6 % 7 7 % 1 % 9 % 8 % 1 % 3 % 2 % 2 % 2 % % 1 % 2 % 3 % 4 % 5 % 6 % 7 % 8 % 9 % 1 %

A p r . 9 8

• M

a r . 9 9 A p r . 9 9

• M

a r . A p r .

• M

a r . 1 A p r . 1

• M

a r . 2

J a p a n A s i a ( e x c l u d i n g J a p a n ) N

• r

t h a n d S

• u

t h A m e r i c a E u r

• p

e 1 . C

• n

s

• l

i d a t i

• n

S a l e s b y R e g i

• n

3 8 % 3 8 % 3 8 % 3 % 2 7 % 2 9 % 3 % 3 5 % 2 2 % 2 % 2 % 2 2 % 1 4 % 1 2 % 1 2 % 1 4 % % 1 % 2 % 3 % 4 % 5 % 6 % 7 % 8 % 9 % 1 %

A p r . 9 8

• M

a r . 9 9 A p r . 9 9

• M

a r . A p r .

• M

a r . 1 A p r . 1

• M

a r . 2

J a p a n A s i a ( e x c l u d i n g J a p a n ) N

• r

t h a n d S

• u

t h A m e r i c a E u r

• p

e

( M i l l i

• n

s

• f

y e n )

Apr.98- Mar.99 Apr.99- Mar.00 Apr.00- Mar.01 Apr.01- Mar.02 42,886 42,482 40,149 29,609 Thailand 173,288 165,596 163,494 156,160 Singapore 17,531 14,633 18,789 16,982 China 25,115 23,767 30,640 31,591 Taiwan 8,319 7,389 5,407 8,841 Malaysia 1,062 1,523 224,253 211,385 219,392 215,097 29,367 24,276 22,122 28,345 8,818 6,614 5,382 6,293 Total 305,324 284,757 287,045 279,344 (Excluding consumer business)

( M i l l i

• n

s

• f

y e n )

Apr.98- Mar.99 Apr.99- Mar.00 Apr.00- Mar.01 Apr.01- Mar.02 31,971 31,592 29,474 28,900 Thailand 173,288 165,596 163,494 156,160 Singapore 17,531 14,633 18,789 16,982 China 25,115 23,767 30,640 31,591 Taiwan 8,319 7,389 5,407 8,841 Malaysia 1,062 1,523 224,253 211,385 219,392 215,097 29,367 24,276 22,122 28,345 8,818 6,614 5,382 5,986 Total 294,409 273,867 276,370 278,328 Europe Japan Asia(excluding Japan) North and South Japan Asia(excluding Japan) North and South Europe (Millions of yen)

Apr.98- Mar.99 Apr.99- Mar.00 Apr.00- Mar.01 Apr.01- Mar.02 Japan 116,631 108,838 109,591 83,021 Asia(excluding Japan) 81,425 82,445 84,687 96,758 North and South America 65,722 58,148 58,203 60,733 Europe 41,546 35,326 34,564 38,832 Total 305,324 284,757 287,045 279,344 １ ０

SLIDE 12

Other Financial Data

（ Supplementary financial data）

• 5. Exchange Rate

(Yen) Apr.97- Mar.98 Apr.98- Mar.99 Apr.99- Mar.00 Apr.00- Mar.01 Apr.01- Mar.02 Apr.02- Mar.03E US ＄ PL 122.73 129.72 111.90 109.77 125.11 132.00 BS 132.10 120.55 106.05 123.90 133.25 132.00 S'PORE ＄ PL 79.96 77.38 65.86 63.18 69.05 71.00 BS 82.31 69.56 61.78 69.03 72.36 71.00 THAI BAHT PL 3.61 3.34 2.95 2.65 2.81 3.00 BS 3.44 3.19 2.80 2.77 3.06 3.00 PL 14.64 15.72 13.65 13.40 15.11 16.00 BS 15.63 14.88 12.82 14.96 16.09 16.00 RMB 3 . R e s e a r c h a n d D e v e l

• p

m e n t C

• s

t s 5 , 1 , 1 5 ,

N

• n
• c
• n

s

• l

i d a t e d 4 , 5 4 8 4 , 9 1 7 5 , 3 7 , 5 4 1 7 , 5 C

• n

s

• l

i d a t e d 8 , 3 5 3 8 , 4 7 5 9 , 1 9 3 1 , 6 8 2 1 , 7 A p r . 9 8

• M

a r . 9 9 A p r . 9 9

• M

a r . A p r .

• M

a r . 1 A p r . 1

• M

a r . 2 A p r . 2

• M

a r . 3 E

（ M i l l i

• n

s

• f

y e n ）

1 . C a p i t a l E x p e n d i t u r e 1 , 2 , 3 , 4 , 5 ,

N

• n
• c
• n

s

• l

i d a t e d 3 , 7 1 3 , 6 4 7 , 4 8 7 3 , 7 4 3 3 , 4 C

• n

s

• l

i d a t e d 2 , 5 6 3 1 9 , 5 4 3 9 , 8 7 6 2 6 , 2 4 5 1 7 , 6 A p r . 9 8

• M

a r . 9 9A p r . 9 9

• M

a r . 0A p r .

• M

a r . 1A p r . 1

• M

a r . 2 A p r . 2

• M

a r . 3 E （ M i l l i

• n

s

• f

y e n ）

2 . D e p r e c i a t i

• n

( i n c l u d i n g I n t a n g i b l e F i x e d A s s e t s ) 1 , 2 , 3 ,

N

• n
• c
• n

s

• l

i d a t e d 3 , 7 7 8 3 , 6 6 5 3 , 7 2 2 3 , 5 1 3 3 , 7 C

• n

s

• l

i d a t e d 2 4 , 4 8 7 2 2 , 2 4 2 2 , 1 4 9 2 4 , 3 8 5 2 5 , A p r . 9 8

• M

a r . 9 9A p r . 9 9

• M

a r . 0A p r .

• M

a r . 1 A p r . 1

• M

a r . 2 A p r . 2

• M

a r . 3 E （ M i l l i

• n

s

• f

y e n ）

(Parson)

M a r . 9 9 M a r . M a r . 1 M a r . 2

N

• n
• c
• n

s

• l

i d a t e d 2 , 7 8 3 2 , 7 4 1 2 , 6 9 2 2 , 5 5 7 G r

• u

p 4 , 4 2 4 2 , 8 4 2 4 5 , 2 3 7 4 3 , 7 5 8

4 . N u m b e r

• f

G r

• u

p E m p l

• y

e e s

5 , 1 , 1 5 , 2 , 2 5 , 3 , 3 5 , 4 , 4 5 , 5 ,

M a r . 9 9 M a r . M a r . 1 M a r . 2

J a p a n T h a i l a n d C h i n a O t h e r A s i a c

• u

n t r i e s E u r

• p

e N

• r

t h a n d S

• u

t h A m e r i c a

１ １