Consolidated Financial Statements For the Fiscal Year 2002 Ended March 31, 2003
2003-05-15
Tomen Corporation | Listed Stock Exchange: | The first sections of Tokyo, Osaka, and Nagoya Stock Exchange | | Headquarters: | Osaka | | Securities Code: | No.8003 | | Representative: | Morihiko Tashiro, President | | Contact Information: | Koichi Koiwai, General Manager, Corporate Communications Office Tel. (03)5288-2090 | | Board of Directors' Meeting: | May 15, 2003 | | Adoption of accounting principles generally accepted in the United States of America: NA |
1. Consolidated Business Results of Fiscal 2002
[April 1, 2002 through March 31, 2003]
(1) Results of Operations
| Total Trading Transaction | Operating Income | Ordinary Profit | | Millions of Yen | % | Millions of Yen | % | Millions of Yen | % | | March 31, 2003 | 2,082,897 | -12.7 | 25,661 | 1.8 | 13,704 | -40.9 | | March 31, 2002 | 2,384,848 | -5.2 | 25,197 | -27.7 | 23,174 | -7.2 |
| Net Income | EPS | EPS
(AfterDilution) | Net Income/
Shareholders' Equity | Ordinary Profit/
Total Assets | Ordinary Profit/
Net Sales | | Millions of Yen | % | Yen | Yen | % | % | % | | March 31, 2003 | -66,969 | - | -105.58 | - | -723.0 | 1.1 | 0.7 | | March 31, 2002 | 4,710 | -53.3 | 7.39 | - | 72.8 | 1.5 | 1.0 |
Note:
| 1. | Equity in earnings of unconsolidated subsidiaries and affiliates: | | March 31, 2003: 3,728 million yen | March 31, 2002: 4,871 million yen | | | 2. | Average number of shares during the period (Consolidated): | | March 31, 2003: 634,294,451 shares | March 31, 2002: 637,608,139 shares | | | 3. | Changes in accounting policies during the period: Changed | | | 4. | Percentage figures under total trading transaction, operating income, ordinary profit and net income show changes from the previous fiscal year. |
(2) Financial Position
| Total Assets | Shareholders' Equity | Shareholders' Equity Ratio | Shareholder's Equity per Share | | Millions of Yen | Millions of Yen | % | Yen | | March 31, 2003 | 971,713 | 13,861 | 1.4 | -91.72 | | March 31, 2002 | 1,448,261 | 4,662 | 0.3 | 7.31 |
Note: Number of share issued at the end of the period (Consolidated): | 1. | Ordinary stock: | | March 31, 2003: 633,893,330 shares | March 31, 2002: 637,508,790 shares | | 2. | Preferred stock: | | March 31, 2003: 144,000,000 shares | March 31, 2002: NA |
(3) Cash Flows
| Cash Flow from Operating Activities | Cash Flow from Investing Activities | Cash Flow from Financing Activities | Cash and Cash Equivalents, End of Period | | Millions of Yen | Millions of Yen | Millions of Yen | Millions of Yen | | March 31, 2003 | 81,301 | 82,240 | -202,739 | 93,928 | | March 31, 2002 | 71,671 | 26,389 | -86,178 | 140,290 |
(4) Number of Consolidated Subsidiaries and Companies under Equity Method
| Consolidated subsidiaries: | 212 | | Unconsolidated subsidiaries under Equity Method: | 2 | | Affiliated companies under Equity Method: | 89 |
(5) Changes in Number of Consolidated Subsidiaries and Companies under Equity Method
| Consolidated subsidiaries | Added: | 11 | | Removed: | 56 | | Equity Method | Added: | 6 | | Removed: | 35 |
2. Consolidated Business Projection of Fiscal 2003
[April 1, 2003 through March 31, 2004]
| Total Trading Transaction | Ordinary Profit | Net Income | | Millions of Yen | Millions of Yen | Millions of Yen | Interim period ending
September 30, 2003 | 800,000 | 9,500 | 1,700 | | Fiscal year ending March 31, 2004 | 1,550,000 | 20,000 | 3,500 |
Reference: Projected EPS for the fiscal year ending March 31, 2004: 5.52 yen This report contains forward-looking statements, which reflect management's current views with respect to future events and financial performance. Actual results may differ materially from those projected in the forward-looking statements due to factors such as changing economic environment, exchange rate fluctuations, and changes in competitive conditions as well as government regulations and litigation. Note: Tomen Corporation and its consolidated domestic subsidiaries maintain their accounts and records in accordance with the provisions set forth in the Japanese Commercial Code and the Securities and Exchange Law and in conformity with accounting principles and practices generally accepted in Japan. The above statements are translated into English for the convenience of readersoutside Japan. Consolidated Balance Sheets [Link]
Consolidated Statements of Income [Link]
Consolidated Statements of Cash Flows [Link]
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