Business Report - Shiseido group website

Cash Flows from Operating
Activities
Cash Flows from Investing
Activities
Cash Flows from Financing
Activities
Cash and Cash Equivalents at
End of Year
[Translation: AGM 2012]
109th Business
Term
(4/1/2008 -
3/31/2009)
- 14 -
110th Business
Term
(4/1/2009 -
3/31/2010)
111th Business
Term
(4/1/2010 -
3/31/2011)
112th Business
Term
(Current term)
(4/1/2011 -
3/31/2012)
42,767 69,431 67,586 52,599
-28,157 -204,884 -30,303 -20,668
-32,283 120,359 -39,571 -35,482
91,857 77,157 88,592 82,974
Notes:
1. “-” denotes loss or decrease.
2. The increase in total assets as of the end of the 110th Business Term resulted from the acquisition of
Bare Escentuals.
3. The decrease in net income for the 111th Business Term reflected factors including the impact of
changes in estimates for the recognition of samples and promotional items as assets, write-down of
investments in securities, and extraordinary losses including loss on disaster associated with the Great
East Japan Earthquake.
4. Effective from the 111th Business Term, Shiseido began calculating comprehensive income in
accordance with the application of Accounting Standard for Presentation of Comprehensive Income
(Accounting Standards Board of Japan (ASBJ) Statement No. 25).
5. Shiseido Group subsidiaries in North America formerly recognized samples and promotional items
associated with marketing activities at stores as assets when acquired and expensed them when shipped
to customers. However, effective the 112th Business Term the Shiseido Group began to expense these
items when acquired as part of its efforts to standardize operations globally, and retrospectively
applied the Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No.
24) to the consolidated financial statements for the 111th Business Term.
6. Summary of Non-Consolidated Income and Assets
109th Business
Term
(4/1/2008 -
3/31/2009)
110th Business
Term
(4/1/2009 -
3/31/2010)
111th Business
Term
(4/1/2010 -
3/31/2011)
(Millions of yen)
112th Business
Term
(Current term)
(4/1/2011 -
3/31/2012)
Net Sales 264,511 244,470 236,742 224,897
Operating Income 8,583 14,874 15,243 -2,320
Ordinary Income 26,564 23,515 26,264 11,046
Net Income 16,294 21,012 12,692 8,476
Total Assets 481,137 612,417 596,091 595,417
Net Assets 343,724 339,108 331,395 320,540
(5) Income Distribution
109th Business
Term
(4/1/2008 -
3/31/2009)
110th Business
Term
(4/1/2009 -
3/31/2010)
(Millions of yen, unless otherwise noted)
111th Business
Term
(4/1/2010 -
3/31/2011)
112th Business
Term
(Current term)
(4/1/2011 -
3/31/2012)
Annual cash dividends per share (Yen) 50 50 50 50 (P)
Annual dividends 20,148 19,881 19,895 19,899 (P)
Share buybacks 4,488 6,752 ― ―
Consolidated payout ratio (%) 104.1 59.1 155.5 137.1 (P)