ANNUAL REPORT 2002
Financial Section
For the year ended March 31, 2002

Consolidated Financial Statements

Shibaura Mechatronics Corporationand Subsidiaries
Years ended March 31, 2000, 2001 and 2002
with Report of Independent Certified Public AccountantsContents
Consolidated Balance Sheets....................................................................1
Consolidated Statements of Operations.................................................3
Consolidated Statements of Shareholders' Equity.................................4
Consolidated Statements of Cash Flows.................................................5
Notes to Consolidated Financial Statements..........................................7
Report of Independent Certified Public Accountants..........................6
Supplemental Information......................................................................17

Shibaura Mechatronics Corporation and Subsidiaries

Consolidated Balance Sheets

2000

March 31,
2001

March 31,
2002

2002

(Millions of yen)(Thousands of
U.S. dollars)(Note 1)

AssetsCurrent assets:
Cash and bank deposits

¥

5,745

¥

4,233

¥

3,256

$ 24,436

Short-term investments

177

69

75

560

Marketable securities (Note 3)

479

-

-

-

27,821

23,196

20,245

151,932

(117)

(106)

(98)

(742)

Inventories (Note 4)

18,192

21,447

17,507

131,391

Other current assets

1,528

879

948

7,120

53,82549,71841,933

314,697

611

337

335

2,513

Buildings

28,801

27,88928,103210,905

Machinery and equipment

12,456

10,614

11,217

84,183

Construction in progress

650

79

127

950

Total

42,51838,91939,782

298,551

Accumulated depreciation(16,467)(16,882)(18,734)(140,596)

26,051

22,03721,048

157,955

800

588

632

4,749

2,414

3,051

4,034

30,273

Allowance for doubtful accounts

(0)

(-)

(-)

(-)

Total investments and other assets

3,214

3,639

4,666

35,022¥ 83,090¥ 75,394¥ 67,647$ 507,674

Notes and accounts receivable, trade
Allowance for doubtful accounts

Total current assets

Property, plant and equipment:
Land

Property, plant and equipment, net

Investments and other assets:
Investment securities (Note 3)
Other assets

Total assets

1March 31,
2001

2000

March 31,
2002

2002

(Millions of yen)(Thousands of
U.S. dollars)(Note 1)

Liabilities and shareholders’ equity
Current liabilities:¥ 17,275¥ 13,047¥ 13,712$ 102,906

Notes and accounts payable

24,634

21,782

14,260107,014

Accrued expenses

4,416

4,310

3,651

27,402

Accrued income taxes (Note 7)

847

778

100

749

Accrued consumption tax

100

98

62

469

Other current liabilities

1,457

1,018

951

7,134

48,72941,03332,736245,674

Bonds (Note 5)

2,990

2,820

2,820

21,163Long-term debt (Note 5)

5,848

2,123

4,728

35,480Allowance for retirement benefits (Note 8)

2,415

6,306

5,443

40,849

149

160

142

1,065

3,275

3,248

3,264

24,497

14,677

14,657

16,397123,054

5,783

5,868

5,868

44,038Additional paid-in capital (Note 9)

9,763

9,848

9,848

73,903Retained earnings (Note 9)

4,138

4,149

2,969

22,284

Net unrealized holding gain on other securities

-

16

1

11

Foreign currency translation adjustments

-

-

5

43

Less treasury stock, at cost (Note 10)

(0)

(177)

(177)

(1,333)

19,684

19,704

18,514

138,946¥ 83,090¥ 75,394¥ 67,647$ 507,674

Short-term bank loans (Note 5)

Total current liabilities
Long-term liabilities:

Directors’ retirement benefits
Other long-term liabilities
Total long-term liabilities
Contingent liabilities (Note 12)
Shareholders’ equity:
Common stock:
Authorized: 100,000,000 shares
Issued:49,863,822 shares at March 31, 2000,
50,033,312 shares at March 31, 2001 and 2002

Total shareholders’ equity
Total liabilities and shareholders’ equity

The accompanying notes are an integral part of the consolidated financial statements.

2

Shibaura Mechatronics Corporation and Subsidiaries

Consolidated Statements of Operations

Year ended
Year ended March 31,
March 31,
2000
2001
2002
2002
(Millions of yen)(Thousands of
U.S. dollars)(Note 1)

¥ 75,935¥ 71,117¥ 54,917$ 412,140

59,85355,17544,519334,105

16,082

15,942

10,39878,035

13,347

12,68011,93489,563

2,735

3,262

(1,536)(11,528)

25

16

5

43

(478)

(198)

(162)

(1,217)

-

-

104

784

932

220

482

3,616

Loss on disposals of inventories

-

-

(359)

(2,698)Gain on sales of investments in affiliates and other

-

824

-

-

-

(5,074)--(2,730)

-

-

-

(320)

-

-

-

(1,132)

(247)

(344)

(2,587)(968)(1,197)(1,810)(13,587)

Current

847

950

114

862

Deferred(281)(2,006)(806)(6,052)(1,319)---(1,118)$ (8,397)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Other income (expenses):
Interest and dividend income
Interest expense
Equity in earnings of affiliates
Gain on sales of land

Cumulative effect of initial adoption of
accounting for retirement benefits
Special severance payments
Special amortization of past service cost of
defined benefit pension plan
Other net
Loss before income taxes
Income taxes (Note 7):

Minority interests in loss of consolidated
subsidiaries
Net loss

¥

(215)

¥

(141)

¥

(Yen)

(U.S. dollars)

Per share of common stock:
Net loss¥

Cash dividends applicable to the year

(4.65)
5.00¥(2.83)
5.00

The accompanying notes are an integral part of the consolidated financial statements.

3¥(22.43)$ (0.16)

0.00

0.00

Shibaura Mechatronics Corporation and Subsidiaries

Consolidated Statements of Shareholders’ Equity

Number ofshares ofcommonstock
Balance as of March 31, 1999
45,865,834
Cumulative effect of change in accounting
principles
Net loss
Decrease in earnings arising from
inclusion of consolidated subsidiaries
Cash dividends paid
Conversion of convertible bonds
3,997,988
Net decrease in treasury stock
Balance as of March 31, 2000
49,863,822
Net loss
Increase in earnings arising from inclusion andexclusion of consolidated subsidiaries
Cash dividends paid
Bonuses to directors and statutory auditors
Conversion of convertible bonds
169,490
Net change
Net increase in treasury stock
Balance as of March 31, 2001
50,033,312
Net loss
Increase in earnings arising from inclusion of
consolidated subsidiaries
Increase in earnings arising from inclusion ofaffiliates
Cash dividends paid
Bonuses to directors and statutory auditors
Net change
Foreign currency translation adjustments
Net increase in treasury stock
Balance as of March 31, 2002
50,033,312
Balance as of March 31, 2001
Net loss
Increase in earnings arising from inclusion of
consolidated subsidiaries
Increase in earnings arising from inclusion ofaffiliates
Cash dividends paid
Bonuses to directors and statutory auditors
Net change
Foreign currency translation adjustments
Net increase in treasury stock
Balance as of March 31, 2002

Net
unrealized
holding
Foreign
gains oncurrency
othertranslation Treasury
securities adjustmentsstockCommonstock

Additional
paid-in
capital¥ 3,776¥ 7,759(Millions of yen)
¥ 4,592
¥

-

-

-

338
(215)

-

-

-

2,007
5,783
-

2,004
9,763
-

(440)
(137)
4138
(141)

-

-

0
(0)
-

85
5,868
-

85
9,848
-

535
(349)
(34)
4,149
(1,118)

16
16
-

-

(177)
(177)
-

-

-

53

-

-

-

41
(150)
(6)
(15)
5
¥ 9,848¥ 2,969¥
1¥
5(Thousands of U.S. dollars) (Note 1)$ 73,903$ 31,139$ 121$(8,397)
-

(0)
(177)

¥ 5,868$ 44,038-

Retainedearnings

¥

-

¥

¥

(0)

$ (1,328)
-

-

-

400

-

-

-

$ 44,038$ 73,903

308(1,122)(44)$ 22,284

(110)
$
11

43
43

(5)
$ (1,333)

The accompanying notes are an integral part of the consolidated financial statements.

4$

Shibaura Mechatronics Corporation and Subsidiaries

Consolidated Statements of Cash Flows

Year ended
March 31,2002

Year ended March 31,
2000
2001
2002
(Millions of yen)

Operating activities:
Loss before income taxes
Adjustments to reconcile loss before income taxes to
net cash provided by (used in) operating activities:
Depreciation and amortization
Reversal of doubtful accounts(Reversal of) provision for allowance for employees’
retirement benefits
Interest and dividend income
Interest expense
Bond issuance expense
Gain on sales of property and equipment
Loss on disposal of property and equipment
Gain on sales of marketable and investment
securities(Gain) loss on revaluation of marketable andinvestment securities
Gain on sales of investment securities
Gain on sales of affiliates, etc.
Translation gains
Equity in earnings of unconsolidated subsidiaries
and affiliates
Increase (decrease) in accrued consumption tax
Special severance payments
Bonuses to directors and statutory auditors
Changes in assets and liabilities:
Increase in advances received(Increase) decrease in notes and accounts
receivable(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable
Other
SubtotalInterest and dividends received
Interest payments
Special severance payments
Income taxes paid
Other payments
Net cash provided by (used in) operating activities(968)¥ (1,197)¥ (1,810)$ (13,587)

3,302
(56)

2,065
(16)

2,144
(7)

16,091(52)(1,049)
(25)
478
202
(923)
38

4,399
(16)
198
(220)
40

(888)
(5)
162
(482)
11

(6,663)(43)
1,217(3,616)
89

(3)

-

-

-

(37)
-

(168)
(824)
(25)

26
(0)
(1)

202
(3)
(14)

2,730
-

25
(34)

(78)
(43)
(6)

(588)
(325)
(44)

-

(339)

(22)

(168)

(2,367)(5,425)
11,237
(734)
6,400
25
(436)
(2,730)(73)
3,186(1,693)(5,166)
1,660
552
(759)
16
(217)
(1,033)(255)(2,248)

3,067
3,956
(8,293)57(2,212)
5
(174)
(796)
(3,177)23,022
29,693(62,241)429(16,601)43(1,311)(5,974)(23,843)¥

5(Thousands of
U.S. dollars)(Note 1)

Year ended March 31,
2000
2001
2002
(Millions of yen)

Investment activities:
Payments for deposits
Proceeds from time deposits
Purchases of marketable securities
Proceeds from sales of marketable securities
Purchases of property and equipment
Proceeds from sales of property, plant and equipment
Purchases of intangible fixed assets
Purchases of investment securities
Proceeds from sales of investment securities
Payment with respect to sale of a consolidated
subsidiary
Decrease (increase) in other assets
Net cash provided by (used in) investing activities

(654)
477
(2,098)2,001(1,287)
2,490
(307)
85

¥

Financing activities:(Decrease) increase in short-term loans
Proceeds from long-term debt
Repayment of long-term debt
Proceeds from issuance of bonds
Redemption of bonds
Proceeds from issuance of stock to minority
shareholders
Purchases of treasury stock
Cash dividends paid
Other
Net cash (used in) provided by financing activities
Effect of exchange rate changes on cash and bankdeposits
Net increase (decrease) in cash
Cash and bank deposits at beginning of the year
Increase arising from exclusion/inclusion ofsubsidiaries from/in consolidation
Cash and bank deposits at end of the year

(69)
177
(1,800)1,900(1,004)
262
(79)
670

¥

(Thousands of
U.S. dollars)(Note 1)(80)
74
(1,166)
383
(274)
(16)
21

¥

$

(601)
560
(8,754)
2,872(2,057)
(122)
156

98
805

(776)
(18)
(737)

63
(995)

473
(7,473)(4,861)
805
(576)
6,797
(5,000)3,845
600(2,703)
-

2,942
2,850
(2,522)-22,081
21,388(18,928)
-

600
(137)
(0)
(2,372)

(177)
(349)
1,216

(1)
(149)
3,120

(5)
(1,123)
23,413

12
1,631
2,855

19
(1,750)5,745

1(1,051)4,233

14(7,889)31,767

1,259¥ 5,745238¥ 4,23374¥ 3,256558$ 24,436

The accompanying notes are an integral part of the consolidated financial statements.

6

Year ended
March 31,2002

Shibaura Mechatronics Corporation and Subsidiaries

Notes to Consolidated Financial Statements
March 31, 2002

The revenue and expense accounts of the foreign
consolidated subsidiaries are translated into yen at the rateof exchange in effect at the balance sheet date. The balance
sheet accounts, except for the components of shareholders’equity, are also translated into yen at the rate of exchange
in effect at the balance sheet date. The components ofshareholders ’ equity are translated at their historicalexchange rates. The differences arising from translation
when two exchange rates have been used are presented astranslation adjustments, a component of shareholders ’equity in the accompanying consolidated financial
statements.
All monetary assets and liabilities of the Company andits domestic consolidated subsidiaries denominated inforeign currencies are translated at the current exchange
rates in effect at each balance sheet date. Gains and losses
resulting from the settlement of these items are credited or
charged currently to income.
(c) Cash and cash equivalents
The Company and its subsidiaries substantially consider
all highly liquid investments with a maturity of threemonths or less from the purchase dates to be cash
equivalents.
(d) Securities
Held-to-maturity securities are either amortized or
accumulated to face value. Other securities with quoted
market prices are carried at market value. The difference
between the acquisition cost and the carrying value ofother securities, including unrealized gains and losses, isrecognized as a component of shareholders’ equity under“Net unrealized holding gain on other securities.” The costof other securities sold is computed based on the moving
average method. Other securities without quoted market
prices are stated at cost based on the moving averagemethod.
Effective the year ended March 31, 2001, the Company
adopted a new accounting standard for financial
instruments (“Opinion Concerning the Establishment of
Accounting Standards for Financial Instruments” issued by
the Business Accounting Deliberation Council (the“BADC”) on January 22, 1999). The effect of this change
was to increase income before income taxes by ¥105
million over the amount which would have been recorded
if the method applied in the previous year had been
followed.
This accounting standard for financial instruments also

1. Basis of Presenting Financial Statements
Shibaura Mechatronics Corporation (the“Company”)
and its consolidated subsidiaries (collectively the“Companies”) maintain their accounting records andprepare their financial statements in accordance withaccounting principles and practices generally accepted andapplied in Japan. The accompanying consolidated
financial statements have been prepared from the financial
statements filed with the Ministry of Finance as requiredby the Securities and Exchange Law of Japan. Accordingly,
the consolidated financial positions, results of operations
and cash flows presented in the accompanying financial
statements may differ in certain material respects fromaccounting principles and practices generally accepted incountries and jurisdictions other than Japan. For the
purposes of this document, certain reclassifications havebeen made to present the accompanying consolidated
financial statements in a format which is familiar to readers
outside Japan.
The accompanying consolidated financial statements arestated in yen, the currency of the country in which theCompany is incorporated and operates. The translation of
yen amounts into U.S. dollar amounts has been included
solely for the convenience of readers outside Japan. The
translation has been made at the rate of ¥133.25 =U.S.$1.00, the approximate rate of exchange in effect on
March 31, 2002. This translation should not be construed
as a representation that yen could be converted into U.S.
dollars at the above or any other rate.

2. Summary of Significant Accounting Policies(a) Scope of consolidation
The accompanying consolidated financial statements
include the accounts of Shibaura Mechatronics Corporationand four subsidiaries for the years ended March 31, 2000
and 2001, and five subsidiaries for the year ended March
31, 2002, over which the Company exerts substantial
control either through majority ownership of voting stock
and/or by other means. All significant intercompany
balances and transactions have been eliminated inconsolidation.
The investments in unconsolidated subsidiaries which
are not deemed material to the consolidated financial
statements are stated at cost, except for one subsidiary
which is accounted for by the equity method.
(b) Foreign currency translation

7

requires the Company to classify its securities into thefollowing three categories: trading, held-to-maturity andother. At the beginning of the year, the Company
reviewed the classification of all its securities. Based on
this classification, any held-to-maturity securities with amaturity of less than one year have been included incurrent assets. All other securities have been included ininvestment securities as non-current assets. As a result,securities in current assets decreased by ¥377 million andinvestment securities increased by ¥377 million at March
31, 2001.
(e) Inventories
Inventories of the Company and its consolidated
subsidiaries are stated at cost determined principally by
the following methods:
Finished goods, raw materials and supplies-- Primarily by the moving average method
Semi-finished goods-- Primarily by individual cost method
Work in process-- Primarily by individual cost method(f) Depreciation and amortization
Depreciation of property, plant and equipment isgenerally computed by the declining-balance method
based on the estimated useful lives of the respective assets.
The straight-line method is adopted for a certain building
acquired during the year ended March 31, 1995, and to allbuildings acquired since April 1, 1998.
Intangible assets are amortized by the straight-line
method. Development costs for software intended forinternal use are amortized by the straight-line method overa period of 5 years based on the estimated useful life of thesoftware.
Development costs for software intended to be sold areamortized by the straight-line method over a period of 3
years (the estimated number of salable years) or at thepercentage of the actual annual volume of sales to theestimated maximum volume of sales, whichever is higher.
(g) Severance benefits and pension plans
Effective the year ended March 31, 2001, the Company
adopted a new accounting standard for retirement benefits(“Opinion Concerning the Establishment of AccountingStandards for Retirement Benefits” issued by the BADC on
June 16, 1998). In accordance with this standard, anallowance for employees ’ retirement benefits has been
provided based on the projected retirement benefit

obligation and the pension fund assets. In prior years,
retirement allowances had been provided at 50% of theretirement benefits payable at the year end for employees
assuming that all employees terminated their services
voluntarily.
The transition difference of ¥5,074 million resulting fromthe initial adoption of this accounting standard charged toincome as an other expense for the year ended March 31,
2001.
In addition, prior service cost of ¥130 million and ¥23
million ($173 thousand) in the aggregate with respect tothe revision of the lump-sum retirement payment plan andthe funded non-contributory pension plan has been
charged to income as an other income for the years ended
March 31, 2001 and 2002, respectively.
The Company also provides for retirement benefits todirectors and statutory auditors based on the Company’s
internal rules at the amount which would be required to be
paid if all directors and statutory auditors retired or
resigned at the balance sheet date.
(h) Accrual for periodic repairs
A certain building acquired in the year ended March 31,
1995 requires periodic repairs. An accrual for repair
expenses is recorded based on the current portion of thetotal expenses estimated for such repairs.
(i) Leases
Finance leases other than those, which are deemed totransfer the ownership of the leased assets to the lessee, arenot capitalized, but are accounted for by a method similar
to that applicable to operating leases.
(j) Research and development expenses
Research and development expenses are charged toincome when incurred.
(k) Per share information
Net loss per share of common stock is based on theweighed average number of shares of common stock
outstanding during each period. Cash dividends per share
shown for each period in the consolidated statements ofoperations represent dividends applicable to the respective
period.
(l) Income taxes
Deferred tax assets and liabilities are determined basedon the differences between financial reporting and taxbased reporting of the assets and liabilities and aremeasured using the statutory tax rates which will be ineffect when the differences are expected to be realized.

8

3. Securities
At March 31, 2001 and 2002, available-for-sale securities with quoted market prices, as classified under the new
accounting standard for financial instruments, are summarized as follows:
March 31,
2001
AmountAmountAmountrecorded inrecorded inrecorded in

Acquisition the balance
costs

sheet

Acquisition the balance
Difference

costs(Millions of yen)

Other securities whose market values
recorded in the balance sheet exceed
their acquisition costs:
Equity securities
Debt securities
Other
Subtotal
Other securities whose market values
recorded in the balance sheet do not
exceed their acquisition costs:
Equity securities
Debt securities
Other
Subtotal
Total

Difference

¥ 52
10
62

¥ 79
10
89

¥ 27
0
27

$ 395
73
468

$ 594
75
669

$ 199
2
201

110
20
130
¥226

88
19
107
¥254

(22)
(1)
(23)
¥ 28

145
1
146
¥208

96
1
97
¥186

(49)
(0)
(49)
¥(22)

1,086
7
1,093
$1,561718
7725$1,394

(368)
(0)
(368)
$(167)

4. Inventories
Inventories at March 31, 2000, 2001 and 2002 aresummarized as follows:

March 31,2002

March 31,

2002

2000

(Thousands of
U.S. dollars)

Finished products
Raw materials
Work in process
Total
¥347

100

2001

March 31,2002

(Millions of yen)

¥ 8,185219
9,788¥18,192¥ 7,094104
14,249¥21,447

2002(Thousands of
U.S. dollars)¥ 6,836
77
10,594¥17,507$ 51,308
580
79,503$131,391$2,606

5. Short-Term Bank Loans and Other Long-Term Debt
The annual interest rates of the Companies’ short-termbank loans at March 31, 2000, 2001 and 2002 ranged
principally from 0.57 per cent. to 1.13 per cent., from 0.57
per cent. to 1.625 per cent., and from 0.48 per cent. to 2.30
per cent., respectively.
A summary of bonds and long-term debt at March 31,
2000, 2001 and 2002 is as follows:748

A comparison of the aggregate carrying and market
value of marketable and investment securities at March 31,
2000 is as follows:
March 31,
2000
(Millions of yen)

Marketable securities:
Cost (carrying value)
Aggregate market value
Unrealized gain
Investment securities:
Cost (carrying value)
Aggregate market value
Unrealized gain

sheet

(Thousands of U.S. dollars)

¥ 51
0
51

(Millions of yen)

101

costs

¥137
10
147

March 31,¥232

Acquisition the balance
Difference

¥ 86
10
96

Amounts recorded in the balance sheet

Investments in subsidiaries
and affiliates:
Unlisted equity securities
other than those traded on
the over-the-counter market
Other unlisted securities
other than those traded on
the over-the-counter market

sheet(Millions of yen)

At March 31, 2001 and 2002, other securities without
quoted market prices are summarized as follows:

2001

March 31,
2002

2002

¥381
620
¥239
¥ 23
50
¥ 27

9

March 31,
2000

March 31,

2001

2002

2002

(Millions of yen)Unsecured:Non-interest-bearing convertible
bonds due March 2004
¥ 2,990 ¥ 2,820
0.65 per cent. to 2.40 per cent.
loans from banks and insurancecompanies due 2002-2006
5,800
4,600
Loans from Pension Welfare
Service Public Corporationdue 2002-2035
51
24
Secured:Loans from banks
2,600
Loans from PensionWelfare
Service Public Corporation
1
1
Total
11,442
7,445
Current portion(2,604) (2,502)
Long-term debt less current portion ¥ 8,838 ¥ 4,943(Thousands of
U.S. dollars)¥ 2,820$21,163

4,939

37,070

13

98

-

-

7,772
58,331(224)(1,688)¥ 7,548 $56,643

2000

2003
2004
2005
2006 and thereafter
Total(Thousands of
U.S. dollars)

¥ 224
4,536
501
2,511
¥7,772$ 1,688
34,044
3,758
18,841$58,331

2001

2002

(Millions of yen)

Deferred tax assets:
Employees’ retirement benefits
Accrued employees’ bonuses
Accrual for periodic repairsEnterprise tax payable
Net loss carried forward
Other
Gross deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Deferred gain on sale ofproperties
Special depreciation
Total deferred tax liabilities
Deferred tax assets, net

Loans from the Pension Welfare Service Public
Corporation represent financing housing loans to theCompany’s employees and the same amount is stated as a
portion of other assets (loans to employees). The Company
pays the interest on such loans to the lender and collects
the same amount from the employees as the borrowers.
On February 7, 2000, the Company issued Euro yen 7,000
million ($56,497 thousand) non-interest-bearing convertible
bonds due March 2004 without security. The convertible
bonds are convertible during the period from February 21,
2000 to March 24, 2004 into shares of common stock of theCompany at ¥803 per share, which was adjusted from
¥1,003.00 per share on February 26, 2001 subject to certain
adjustments.
The long-term debt subsequent to March 31, 2002 issummarized by maturity as follows:(Millionsof yen)7. Income Taxes
Income taxes applicable to the Company and its
domestic subsidiaries comprised corporation tax,
inhabitants ’ taxes and enterprise tax which, in theaggregate, resulted in a statutory tax rate of approximately
42 per cent. for 2000, 2001 and 2002. Income taxes of theforeign subsidiaries are based generally on the tax rates
applicable in their countries of incorporation. The effective
tax rates reflected in the accompanying consolidated
statements of operations differ from the statutory tax rates
primarily due to the effect of permanent nondeductible
expenses for income tax purpose.
The major components of deferred tax assets andliabilities as of March 31, 2000, 2001 and 2002 aresummarized as follows:¥

677 ¥2,446
237
410
95
104
70
88
1,318
334
204
2,731 3,252(1,500)(40)
1,231 3,212¥2,308 $17,319
254
1,908
110
827
12
86
590
4,427
267
2,006
3,541
26,573
(71)
(534)
3,470
26,039(558) (517)
(40)
(43)
(598) (560)¥ 633 ¥2,652

(-)
(-)
(0)
(3)
(0)
(3)
¥3,470 $26,036

8. Retirement Benefits
The Companies have defined benefit pension plans andlump-sum retirement payment plans which coversubstantially all employees who terminate theiremployment with the Companies. In addition, an
employee, if eligible, may receive additional payments
under the plans.
The following is a summary of the plans:
Retirement benefit obligation:
March 31,
2001

6. Research and Development Expenses
Research and development expenses charged to income
for the three years ended March 31, 2002 were as follows:
2000

2001

2002

(Millions of yen)

¥2,115¥2,685

2002(Millions of yen)

Projected benefit obligation
Fair value of plan assets
Funded status
Unrecognized actuarial loss
Obligation recognized in the
consolidated balance sheet
Allowance for retirement
benefits

2002(Thousands of
U.S. dollars)¥2,313

2002(Thousands of
U.S. dollars)$17,358

10

March 31,
2002
(Thousands of
U.S. dollars)¥(9,242)
2,077(7,165)859¥(10,031)
2,460(7,571)
2,128$(75,280)
18,464(56,816)
15,967(6,306)(5,443)(40,849)¥(6,306)¥ (5,443)$(40,849)

The consolidated subsidiaries have adopted a simplified
method, as permitted, to calculate the projected benefit
obligation.
Components of net periodic pension cost:
March 31,
2001

March 31,

2002

2002

(Millions of yen)

Service cost - benefits earned
during the year
¥ 394
Interest cost on projected
benefit obligation
309
Expected return on plan assets(69)
Amortization of retirement
benefit obligation at transition 5,074
Amortization of prior service
cost
(130)
Amortization of actuarial loss
Net periodic pension cost
¥5,578available for appropriations by resolution of theshareholders.
The retained earnings account in the accompanying
consolidated financial statements at March 31, 2002
included a legal reserve of ¥570 million ($4,279 thousand).
10. Stock Option Plan
On June 15, 2000, the shareholders approved a stock
option plan for directors and key employees to purchaseshares of the Company’s common stock which had beenpurchased by the Company on stock exchanges inaccordance with Clause 2 of Article 210-2 of theCommercial Code of Japan. Under this plan, a maximumof 104,000 shares and 51,000 shares may be granted todirectors and key employees, respectively.
The exercise price is determined, subject to adjustments,
by multiplying the average final price of the Company’scommon stock traded on the Tokyo Stock Exchange in themonth prior to the date on which the stock options are
granted by 1.05%.
The Company purchased the maximum number ofshares allowable and these have been disclosed as treasury
stock and stated at their market value of ¥230 million($1,856 thousand) as of March 31, 2002.
The stock options will become exercisable during theperiod from July 1, 2002 to June 30, 2004.

(Thousands of
U.S. dollars)¥405$3,038

273
(74)

2,051
(557)

-

-

23
81
¥708

173
612
$5,317(1) The retirement benefit obligation at transition of¥5,074 was charged to income as an other expense for theyear ended March 31, 2001.
(2) Prior service cost of ¥130 was recognized as anotherincome for the year ended March 31, 2001.
(3) The allowance for retirement benefits was determinedby the simplified method by the consolidated
subsidiaries and has been included in service cost benefits earned during the year.

11. Leases
Non-cancelable lease transactions are primarily
accounted for as operating leases (regardless of whether
such leases are classified as operating or finance leases)
except that lease agreements which stipulate the transfer ofownership of the leased assets to the lessee are accounted
for as finance leases. Lease expenses related to financeleases accounted for as operating leases amounted to ¥699
million, ¥455 million and ¥475 million ($3,569 thousand) for
the years ended March 31, 2000, 2001 and 2002,
respectively.
Future minimum lease payments subsequent to March
31, 2002 for finance lease transactions accounted for as
operating leases are summarized as follows:

March 31,
2001

Assumptions used in the actuarial calculation:
Actuarial cost method
Discount rate
Expected rate of return on plan assets
Amortization period for prior service cost
Amortization period for actuarial loss

2002

Projected unit credit method
3.0% per annum 3.0% per annum
3.5% per annum 3.5% per annum
1 year
1 year10 years (within the employees’
average remaining years of service)

Amortization period for retirement benefit
obligation at transition

1 year

1 year

9. Legal Reserve and Additional Paid-In Capital
On October 1, 2001, an amendment (“Amendment”) to
the Commercial Code of Japan (the “Code”) became
effective. The Amendment eliminates the stated par valueof the Company’s outstanding shares which results in all
outstanding shares having no par value as of October 1,
2001. The Amendment also provides that share issuances
after September 30, 2001 will be of shares with no parvalue. Before the amendment, the Company’s share hadpar value of ¥50 per share.
The Code provides that an amount equal to at least 10%of the amount to be disbursed as a distribution of earnings
be appropriated to the legal reserve until such reserve andthe amount of additional paid-in capital equals 25% of thecommon stock account. The Code also provides to theextent that the sum of the additional paid-in capital
account and the legal reserve exceed 25% of the common
stock account then the amount of the excess (if any) is

March 31, 2002

Due within one year
Due after one year
Total

(Millionsof yen)(Thousands of
U.S. dollars)

¥ 436
639
¥1,075$3,274
4,795$8,06912. Contingent Liabilities
The Company had the following contingent liabilities:
March 31, 2002
(Millionsof yen)As guarantor for housing
loans of employees¥ 114
As joint guarantor with agencies regarding
lease contracts of the agencies’ customers
8
Total contingent liabilities
¥ 122

11

(Thousands of
U.S. dollars)

$ 856
58
$ 914

A contingent liability regarding a debt assumption
agreement is described in Note 5.

For the year ended March 31, 2001
Contract
amounts

13. Derivatives and Hedging Activities
The Company has entered into interest rate swap
contracts to reduce the cost of borrowing. The Company
uses these contracts to manage its exposure to interest raterisk. As a matter of policy, the Company does not
speculate in derivative transactions. The Company does
not anticipate nonperformance by any of the counterparties
to the above transactions, all of whom are domestic
financial institutions with high credit ratings.
In accordance with the Company’s policy, derivativetransactions are entered into under the decision-making
rules approved by the Management Strategy Committee of
the Company.
The department which has the
responsibility to enter into such contracts controls the risk
and performance on a daily basis and reports these to
management of the Company, if and when necessary.

(Including
portion inexcess of
one year)

Fair
value

Unrealized
loss(Millions of yen)Interest rate swaps:
Receive floating/pay fixed¥1,000¥ (500)¥ (13)¥ (13)For the year ended March 31, 2002
Contract
amounts(Including
portion inexcess of
one year)

Fair
value

Unrealized
loss(Millions of yen)Interest rate swaps:
Receive floating/pay fixed
¥ 500

¥ (-)

¥

(2)

¥

(2)

For the year ended March 31, 2002
Contract
amounts

Interest-rate-related transactions(Including
portion inexcess of
one year)

Fair
value

Unrealized
loss(Thousands of U.S. dollars)Interest rate swaps:
Receive floating/pay fixed$3,752For the year ended March 31, 2000
Contract
amounts(Including
portion inexcess of
one year)

Fair
value

Unrealized
loss¥(6,000)$ (21)$ (21)

The contract amounts in the above tables do not fully
represent the extent of the market risk relating to thederivative positions.

(Millions of yen)Interest rate swaps:
Receive floating/pay fixed¥ 6,000$ (-)¥ (154)¥ (154)

14. Segment Information
The business segment information of the Company and its consolidated subsidiaries for the years ended March 31, 2000,
2001 and 2002 is summarized as follows:Business segments
Year ended March 31, 2000
Electric
powerElectric
Automation Real estatecomponents equipment equipment
leasing

Total

Eliminations
orunallocated Consolidated
amounts(Millions of yen)
I. Sales and operating income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income¥18,519
18,51917,813¥ 706¥39,351
39,351
38,438¥ 913¥15,721
15,721
15,408¥ 313¥ 2,3442,344
1,325¥ 1,019¥75,935
75,93572,984¥ 2,951¥(-)
216¥ (216)¥75,935
75,93573,200¥ 2,735

II. Total assets, depreciationand capital expenditures
Total assets
Depreciation
Capital expenditures¥15,966669
728¥35,857
1,018
714¥16,340
540
111¥13,401652
11¥81,564
2,879
1,564

¥1,526-¥83,090
2,879
1,564

12

Notes:a) Basis of segmentation
Business segments are divided into product categories
by the same criteria as applied for internal control
purposes.
b) Major products in each business segment(1) Electric power components
Motors for household electrical appliances such as air
conditioners, washing machines and other appliances,motors for hot water-supply facilities, motors forautomatic doors, motors for home use, water-supply
pumps, power supplies for communication equipment,
equipment for railroad maintenance, electric power
tools, bolt-tightening and other tools.
(2) Electronic equipment
LCD manufacturing equipment (wet cleaning
equipment, stripping equipment, etching equipment, cell
assembly equipment, outer lead bonding equipment),
semiconductor manufacturing equipment (etchingequipment, ashing equipment, die-bonding equipment,
wire-bonding equipment, automatic molding
equipment), media devices manufacturing equipment(sputtering equipment, vacuum plating equipment),
magnetically levitated transportation systems, highspeed chip mounting equipment, soldering paste
printing equipment, the non-destructive inspection
business and other.
(3) Automation equipment

Picture tube manufacturing equipment, automaticenvelope filling and sealing systems, precision parts
manufacturing equipment, media devices manufacturing
equipment, laser processing equipment, microwave
equipment, robots, vending machines (for cigarettes,
food, dry batteries, film, groceries and other), ticket
vending machines (for food tickets, admission tickets
and other), entrance/exit gate control systems,
environment-related machines (mini-recycling and othermills) and other items.
(4) Real estate leasing
Real estate leasing and management and otherbusiness.
c) Included in eliminations or unallocated amounts ofoperating expenses are unallocable amounts relating todevelopment expenses incurred for the entire company aspart of the Company’s research and development costs.
d) Included in the eliminations or unallocated amounts of
total assets were unallocable amounts totaling ¥6,581
million for the year ended March 31, 2000, which consisted
primarily of surplus funds (cash and marketable securities)of the Company.
e) Included in depreciation is amortization, and in capital
expenditures, additions of long-term prepaid expenses.
f) There were no assets belonging to the electric powercomponents business at March 31, 2000 because thisbusiness segment was transferred to Shibaura Nidec
Corporation (“SNC”) during the year then ended.

Year ended March 31, 2000
AutomationFinesystems &mechatronics vacuum
equipment equipment

Vending
machine Real estate& systems
leasing

Total

Eliminations
orunallocated Consoliamounts
dated(Millions of yen)
I. Sales and operating income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income
II. Total assets, depreciation and capital
expenditures
Total assets
Depreciation
Capital expenditures¥46,367
46,36744,269¥ 2,098¥15,507
15,507
14,849¥ 658¥7,029
7,029
6,966
¥ 63

¥ 2,214
2,214
1,286
¥ 928

¥71,117
71,117
67,370¥ 3,747¥(-)
485¥ (485)¥71,117
71,11767,855¥ 3,262¥34,617838
533¥20,223454
212¥5,795
124
197¥12,736649
10¥73,371
2,065
952¥2,023-¥75,394
2,065
952

13

Year ended March 31, 2002
AutomationFinesystems &mechatronics vacuum
equipment equipment

Vending
machine Real estate& systems
leasing

Total

Eliminations
orunallocated Consoliamounts
dated(Millions of yen)
I. Sales and operating income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income (loss)
II. Total assets, depreciation and capital
expenditures
Total assets
Depreciation
Capital expenditures¥35,552
35,55235,335¥ 217¥11,150
11,15013,237¥ (2,087)¥6,071
6,071
6,086¥ (15)¥ 2,144
2,144
1,302
¥ 842

¥54,91754,91755,960¥ (1,043)

¥

(-)
493
¥ (493)¥54,91754,91756,453¥ (1,536)¥32,225897
788¥15,559470
338¥5,751
128
123¥12,129649
23¥36,664
2,144
1,272

¥1,983-¥67,647
2,144
1,272

Year ended March 31, 2002
AutomationFinesystems &mechatronics vacuum
equipment equipment

Vending
machine Real estate& systems
leasing

Total

Eliminations
orunallocated Consoliamounts
dated(Millions of yen)
I. Sales and operating income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income (loss)
II. Total assets, depreciation and capital
expenditures
Total assets
Depreciation
Capital expenditures$266,811
266,811265,179$ 1,632$ 83,675
83,67599,341$ (15,666)$45,564
45,56445,675$ (111)$16,090
16,090
9,773$ 6,317$412,140
412,140
419,968$ (7,828)

$

(-)
3,700
$ (3,700)$412,140
412,140
423,668$ 11,528$241,841
6,730
5,917

$116,766
3,525
2,537

$43,161
962
925$91,023
4,874
170$592,791
16,091
9,549$14,883-$507,674
16,091
9,549

Notes:a) Changes in components of business segments
In connection with the business transfer to SNC, theCompany moved its electric power tools section to thesegment of electric components and the name was thenchanged to electric power components. In addition, theCompany divided the segment of applied electric
equipment into two segments: electric equipment andautomation equipment following the merger with Toshiba
Mechatronics Corporation. This change was made toreflect more accurately the actual business of theCompany.
Previous information by business segment for the year
ended March 31, 2000, which would have been applicable
if the same categories as those presented for the year ended
March 31, 2001 had been adopted is as follows:Year ended March 31, 2000

AutomationFinesystems &mechatronics
vacuumequipment equipment

Vending
Electric
machinepower
Real estate& systems components leasing

Total

Eliminations
orunallocated Consoliamounts
dated(Millions of yen)
I. Sales and operating income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating income (loss)
II. Total assets, depreciationand capital expenditures
Total assets
Depreciation
Capital expenditures¥35,21335,21334,549¥ 664¥13,619
13,61912,820¥ 799¥6,2406,240
6,477¥ (237)¥18,519
18,51917,813¥ 706¥ 2,3442,344
1,325¥ 1,019¥75,935
75,93572,984¥ 2,951¥(-)
216¥ (216)¥75,935
75,93573,200¥ 2,735¥29,468817
701¥16,964570
74¥5,765171
50¥15,966
669
728¥13,401652
11¥81,564
2,879
1,564

¥1,526-¥83,090
2,879
1,564

14

b) Major products in each business segment(1) Fine mechatronics equipment
FPD manufacturing equipment (wet cleaning
equipment, stripping equipment, etching equipment,
developing equipment, cell assembly equipment, outerlead bonding equipment), semiconductor manufacturing
equipment (wet cleaning equipment, etching equipment,
ashing equipment, die-bonding equipment, wirebonding equipment, inner lead bonding equipment, flip
chip bonding equipment, auto molding equipment), thenon-destructive inspection business, equipment for
railroad maintenance, and other items.
(2) Automation systems & vacuum equipment
Picture tube manufacturing equipment, automaticenvelope filling and sealing systems, battery
manufacturing
equipment,
precisionparts
manufacturing equipment, laser applied processing
equipment, microwave applied equipment, cartesianrobots, media devices manufacturing equipment(sputtering equipment, vacuum bonding equipment),
industrial vacuum plating equipment, vacuum pumps,
and other.
(3) Vending machine & systems
Vending machines, ticket vending machines,
entrance/exit gate control systems, and other.
(4) Real estate leasing
Real estate leasing and management and otherbusinessc) Included in eliminations or unallocated amounts ofoperating expenses are unallocable amounts relating todevelopment expenses incurred for the entire company aspart of the Company’s research and development costs.
d) Included in the eliminations or unallocated amounts of
total assets were unallocable amounts totaling ¥5,492
million ($44,324 thousand) and ¥5,502 million ($41,293
thousand) for the years ended March 31, 2001 and 2002,
respectively, which primarily consisted of surplus funds(cash and marketable securities) of the Company.
e) Included in depreciation was amortization of andadditions to long-term prepaid expenses.

Overseas sales
Year ended March 31, 2000
Northeastern
Asia

Other

Total

(Millions of yen)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales¥24,267¥3,232

32.0%

4.2%

¥27,499
75,935
36.2%

Year ended March 31, 2001
Northeastern
Asia

Other

Total

(Millions of yen)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales¥23,569¥4,378

33.1%

6.2%

¥27,947
71,117
39.3%

Year ended March 31, 2002
Northeastern
Asia

Other

Total

(Millions of yen)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales¥17,72232.2%¥6,302
11.5%¥24,024
54,917
43.7%

Year ended March 31, 2002
Northeastern
Asia

Other

Total

(Thousands of U.S. dollars)

I. Overseas sales$132,997
II. Consolidated net sales
III. % of consolidated net sales
32.2%$47,294$180,291
412,140
11.5%
43.7%

Notes:a) Overseas sales are those of the Company and its
consolidated subsidiaries in countries or regions other thanJapan.
b) The division of overseas sales into countries or regions
and the names of such countries or regions are as follows:(1) Overseas sales by country or region:
Geographical areas are divided into categories basedon their geographical proximity.
(2) Major countries or regions included in eachgeographical area:
Northeastern Asia
- Korea, Taiwan
Other- Singapore, U.S.A.

Geographical segments
No information by geographical segment for the years
ended March 31, 2000, 2001 and 2002 has been presented
due to the fact that the net sales and total assets ofoperations in Japan exceeded 90% of those in all segments.

15

Shibaura Mechatronics Corporation and Subsidiaries

Report of Independent Certified Public Accountants

Certified Public Accountants
Phone:03-3503-1100
hibiya Kokusai Bldg.
Fax: 03-3503-1197
2-2-3, Uchisaiwai-cho,
Chiyoda-ku, Tokyo, 100-0011
C.P.O. Box 1196, Tokyo 100-8641

The Board of Directors
Shibaura Mechatronics Corporation

We have examined the accompanying consolidated balance sheets of Shibaura Mechatronics Corporationand consolidated subsidiaries as of March 31, 2000, 2001 and 2002, and the related consolidated statements ofoperations, shareholders’ equity and cash flows for each of the three years in the period ended March 31, 2002,
all expressed in yen. Our examinations were made in accordance with auditing standards, procedures andpractices generally accepted and applied in Japan and, accordingly, included such tests of the accounting
records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, the consolidated financial statements, expressed in yen, present fairly the consolidated
financial position of Shibaura Mechatronics Corporation and consolidated subsidiaries at March 31, 2000, 2001
and 2002, and the consolidated results of their operations and their cash flows for each of the three years in the
period ended March 31, 2002 in conformity with accounting principles and practices generally accepted inJapan, consistently applied during the period except for the change described in Note 14, with which we
concur, in the method of presentation of their business segments.
As described in Note 2, Shibaura Mechatronics Corporation and consolidated subsidiaries have adopted
new accounting standards for consolidation and tax-effect accounting effective the year ended March 31, 2000,
and for employees’ retirement benefits, financial instruments, and foreign currency translation effective theyear ended March 31, 2001 in the preparation of their consolidated financial statements.
The U.S. dollar amounts in the accompanying consolidated financial statements with respect to the year
ended March 31, 2002 are presented solely for convenience. Our examination also included the translation of
yen amounts into U.S. dollar amounts and, in our opinion, such translation has been made on the basis
described in Note 1.

June 13, 2002
See Note 1, which explains the basis of preparation of the consolidated financial statements of Shibaura Mechatronics
Corporation and consolidated subsidiaries under Japanese accounting principles and practices.

16

Supplemental Information
Shibaura Mechatronics Corporation

Non-Consolidated Balance Sheets

2000

March 31,
2001

2002

(Millions of yen)
AssetsCurrent assets:
Cash and bank deposits
Marketable securities
Notes and accounts receivable, trade:
Notes
Accounts
Allowance for doubtful accounts
Inventories
Deferred taxes
Other current assets
Total current assets

Property, plant and equipment:
Land
Buildings
Machinery and equipment
Construction in progress
Total
Accumulated depreciation
Property, plant and equipment, net

Investments and other assets:
Investment securities
Investments in subsidiaries and affiliates
Deferred taxes
Other assets
Allowance for doubtful accounts
Total investments and other assets

Total assets

17

March 31,
2002
(Thousands of
U.S. dollars)¥ 4,299473¥ 2,857
0¥ 1,757-$ 13,189-

3,732
16,184(87)
15,295271
722
40,8892,960
18,533(106)
19,924386
802
45,356966
15,932(83)
16,128213
1,579
36,492

7,250
119,563(623)
121,036
1,602
11,847
273,864

138
27,4689,919
219
37,744(15,044)
22,700137
27,664
10,26978
38,148(16,612)
21,536135
27,85910,765
127
38,886(18,373)
20,513

1,013
209,071
80,790950
291,824(137,885)
153,939

399
1,590
96
1,017
(0)
3,102

495
447
2,064
818
(-)
3,824

267
796
2,994
820
(-)
4,877

2,006
5,976
22,4736,152(-)
36,607¥ 66,691¥ 70,716¥ 61,882$ 464,410

Year ended March 31,
2000
2001
2002
(Millions of yen)
Liabilities and shareholders’ equity
Current liabilities:
Short-term bank loans
Current portion of long-term debt
Notes and accounts payable:
Notes
Accounts
Other
Advances from customers
Accrued expenses
Accrued income taxes
Other current liabilities
Total current liabilities

Year ended
March 31,
2002
(Thousands of
U.S. dollars)¥ 5,970
2,603¥ 9,578
2,502¥ 12,210
0$ 91,632
7

7,868
11,331
51
554
4,045
772
147
33,341

5,834
14,556
96
214
4,098
555
126
37,559

4,041
8,653
6
196
3,316
46
151
28,61930,32464,93748
1,468
24,884345
1,135
214,780

Long-term liabilities:
Bonds
Long-term debt
Allowance for retirement benefits
Directors’ retirement benefits
Accrual for periodic repairs
Other long-term liabilities
Total long-term liabilities

2,990
4,025
1,796
134
229
3,000
12,174

2,820
2,023
6,174
118
248
3,000
14,383

2,820
4,512
5,292
111
264
3,000
15,99921,16333,862
39,716831
1,983
22,514
120,069

Shareholders’ equity:
Common stock:
Authorized: 100,000,000 shares
Issued and outstanding:
49,863,822 shares at March 31, 2000,
50,033,312 shares at March 31, 2001
and 2002
Additional paid-in capital
Legal reserve
Retained earnings
Net unrealized holding gain on other securities
Less treasury stock, at cost
Total shareholders’ equity
Total liabilities and shareholders’ equity

5,783
9,763
500
5,130
21,176¥66,691

5,868
9,848
538
2,504
16
18,774¥70,716

5,868
9,848
553
1,171
1
(177)
17,264¥61,882

44,03873,904
4,150
8,792
10
(1,333)
129,561$464,410

18

Supplemental Information
Shibaura Mechatronics Corporation

Non-Consolidated Statements of Operations
Year ended
March 31,2002

Year endedMarch 31,
2000
2001
2002
(Millions of yen)(Thousands of
U.S. dollars)

Net sales¥52,562¥63,149¥45,406$340,759

Cost of sales

42,681

52,37639,891

299,370

9,881

10,773

5,515

41,389

7,886

8,124

7,194

53,991

1,995

2,649

(1,679)(12,602)

30

32

56

422

Interest expense

(336)

(185)

(149)

(1,120)Gain on sales of land

932

220

481

3,616

-

-

(359)

(2,698)accounting for retirement benefits-(5,055)--

Loss on sales of investments in affiliates-(1,190)--Special severance payments

(991)

-

-

-

Other, net

(497)

(117)

(245)

(1,846)

1,133(3,646)(1,895)(14,228)

Current

795

660

20

150

Deferred(272)(2,093)(747)(5,613)610¥ (2,213)¥ (1,168)$ (8,765)

Gross profit
Selling, general and administrative expenses
Operating income (loss)
Other income (expenses):
Interest and dividend income

Loss on disposals of inventories
Cumulative effect of initial adoption ofIncome (loss) before income taxes
Income taxes:

Net income (loss)

¥

(Yen)

(U.S. dollars)

Per share of common stock:
Net income (loss)
Cash dividends applicable to the year19

¥ 13.18¥ (44.25)¥ (23.42)$ (0.17)

5.00

5.00

0.00

0.00

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Yokohama,Japan,247-8610
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