Nikon

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BALANCE SHEET Current assets account dropped 34,000, while total assets only dropped just under 9,000 from year to year. Although there was a net loss for the 2010 fiscal year, at a glance the balance sheet looks relatively stable. Until you realize the figures are in millions of Yen… All accounts took a huge hit other than current assets and intangibles which nearly doubled in value.
STATEMENT OF CASH FLOWS Cash flow difference from 2009 and 2010 are substantial. In 2009, net income was greater than cash flow from operations which was 28,055 and 10,112 respectively (millions of Yen). In 2010 however, net income was a loss of 12,615 and cash flow from operations was 103,497 (millions of Yen). Nikon did not grow as far as investments in Property, plant, and equipment. Figures stayed close to the same from year to year with the exception of the Construction in progress account which increased by 5 billion Yen for what is most likely renovations. Nikon financing is primarily through stock sales. However, Nikon hopes to increase cash flows for the 2011 fiscal year by streamlining production and reducing inventories (page 4, item 2) http://www.nikon.com/about/ir/ir_library/result/pdf/2010/10_f_c_e.pdf Cash assets increased over the past 2 years by nearly 27 billion Yen.
Page 1 and 2: NIKON TOM DAVIS SECTION 001
Page 3 and 4: Corporate Info Nobuyoshi Gokyu - P
Page 5 and 6: 2010 Stock Stock Price - 2,041 Yen
Page 7: INCOME STATEMENT Nikon uses a multi
Page 11 and 12: Financial Analysis Liquidity Ratios
Page 13 and 14: Financial Analysis Solvency Ratio D

Nikon

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