Financial Analysis

Japanese[Open in a new window]

Basic Earnings per Share

Basic Earnings (Loss) per Share of the year ended March 2017 was 10.01 Yen.

Equity Attributable to Owners of Parent per Share

Equity Attributable to Owners of Parent per Share of Common Stock of the year ended March 2017 was 1,356.69 Yen.

Return on Equity (ROE)
/Return on Assets (ROA)

Return on Equity (ROE) of the year ended March 2017 was 0.7%. And Return on Assets (ROA) of the year ended March 2017 was 0.4%.

Free Cash Flows

Free Cash Flows of the year ended March 2017 were 56,649 Million Yen.

Price Earning Ratio (PER)

Price Earning Ratio (PER) of the year ended March 2017 was 161.2

Price Book-Value Ratio (PBR)

Price Book-Value Ratio (PBR) of the year ended March 2017 was 1.2.

Interest-Bearing Debt/
Debt Equity Ratio

Interest-Bearing Debt of the year ended March 2017 was 141,763 million Yen. Debt Equity Ratio of the year ended March 2017 was 0.26 times.

(Millions of Yen Unless Indicated)

Fiscal Year-End 2013/3 2014/3 2015/3 2016/3 2017/3
Stock Price (End of the Fiscal Year) (Yen) 2,231 1,662 1,610 1,722 1,614
Basic Earnings per Share (Yen) 107.07 118.06 46.29 75.55 10.01
Equity Attributable to Owners of Parent per Share (Yen) 1,234.05 1,375.92 1,438.17 1,354.28 1,356.69
Return on Equity (ROE) 9.2% 9.0% 3.3% 5.5% 0.7%
Return on Assets (ROA) 4.9% 5.2% 1.9% 3.0% 0.4%
Free Cash Flows *1 -13,219 70,992 46,364 24,334 56,649
Price Earning Ratio (PER) (Times) *2 20.8 14.1 34.8 22.8 161.2
Price Book-Value Ratio (PBR) (Times) *3 1.8 1.2 1.1 1.3 1.2
Interest-Bearing Debt 85,348 127,132 115,497 112,642 141,494
Debt Equity Ratio (Times) *4 0.17 0.23 0.20 0.21 0.26

R&D Expenditures by Industry
Segment / Ratio of R&D
Expenditures to Revenue

R&D Expenditures of the year ended March 2017 were 63,632 million Yen. The ratio of R&D Expenditures to Revenue of the year ended March 2017 was 8.5%.

Capital Expenditures
by Industry Segment

Capital Expenditures of the year ended March 2017 were 32,860 million Yen.

Depreciation and Amortization
by Industry Segment

Depreciation and Amortization of the year ended March 2017 was 32,860 million Yen.

(Millions of Yen Unless Indicated)

Fiscal Year-End 2013/3 2014/3 2015/3 2016/3 2017/3
R&D Expenditures 76,496 74,552 66,730 66,781 63,636
R&D Expenditures by Industry Segment
Precision Equipment 25,744 25,473 20,619 17,691 16,217
Imaging Products 29,063 28,430 25,674 25,355 24,921
Instruments 5,519 5,256 5,139 5,753 6,229
Medical 3,617 3,793
Other 16,169 15,392 15,298 14,365 12,485
R&D Expenditures to Net Sales 7.6% 7.6% 7.8% 7.9% 8.5%
Capital Expenditures * 60,158 45,472 32,549 34,498 32,234
Capital Expenditures by Industry Segment
Precision Equipment 8,301 9,730 6,034 9,739 7,511
Imaging Products 34,449 16,130 8,329 10,573 7,071
Instruments 1,512 1,362 1,788 1,597 2,437
Medical 575 544
Other 10,733 11,314 8,365 6,878 10,451
Corporate Assets 5,161 6,933 8,032 5,136 4,220
Depreciation and Amortization * 36,225 42,477 38,458 38,811 33,972
Depreciation and Amortization by Industry Segment
Precision Equipment 8,720 9,561 7,722 3,195 2,931
Imaging Products 16,258 20,724 18,814 19,556 16,168
Instruments 1,550 1,717 1,618 2,749 2,714
Medical 1,980 2,176
Other 6,454 5,774 5,800 6,387 5,330
Corporate Assets 3,241 4,699 4,502 4,944 4,653