Annual Report 2007 - Komatsu

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Consolidated Statements of Income Komatsu Ltd. and Consolidated Subsidiaries Years ended March 31, 2007, 2006 and 2005 Thousands of U.S. dollars Millions of yen (Note 1) 2007 2006 2005 2007 (Note 1) (Note 1) Net sales (Notes 1 and 8) ¥1,893,343 ¥1,612,140 ¥1,356,071 $16,045,280 Cost of sales (Notes 17 and 24) 1,356,511 1,185,240 1,009,859 11,495,856 Selling, general and administrative expenses (Notes 17 and 24) 287,086 262,399 252,011 2,432,933 Impairment loss on long-lived assets held for use (Note 1) 81 4,791 4,200 686 Impairment loss on goodwill (Note 1 and 11) — 3,041 — — Other operating income (expenses) (Note 24) (4,924) 6,759 5,861 (41,729) Operating income 244,741 163,428 95,862 2,074,076 Other income (expenses) (Note 24) (8,250) (7,649) (3,993) (69,915) Interest and dividend income 8,532 6,824 5,138 72,305 Interest expense (15,485) (12,208) (10,611) (131,229) Other–net (1,297) (2,265) 1,480 (10,991) Income from continuing operations before income taxes, minority interests and equity in earnings of affiliated companies 236,491 155,779 91,869 2,004,161 Income taxes (Notes 1 and 16) Current 76,102 45,751 16,056 644,932 Deferred 3,643 (1,781) 18,229 30,873 Total 79,745 43,970 34,285 675,805 Income from continuing operations before minority interests and equity in earnings of affiliated companies 156,746 111,809 57,584 1,328,356 Minority interests in income of consolidated subsidiaries (6,580) (5,335) (2,603) (55,763) Equity in earnings of affiliated companies 3,098 2,667 887 26,254 Income from continuing operations 153,264 109,141 55,868 1,298,847 Income from discontinued operations less applicable income taxes, minority interests and equity in earnings of affiliated companies (Note 4) 11,374 5,149 3,142 96,390 Net income ¥ 164,638 ¥ 114,290 ¥ 59,010 $ 1,395,237 Yen U.S. cents Per share data (Notes 1 and 18): Income from continuing operations: Basic ¥ 154.25 ¥ 109.94 ¥ 56.34 ¢ 130.72 Diluted 153.97 109.75 56.30 130.48 Income from discontinued operations: Basic 11.45 5.19 3.17 9.70 Diluted 11.43 5.18 3.17 9.69 Net income: Basic 165.70 115.13 59.51 140.42 Diluted 165.40 114.93 59.47 140.17 Cash dividends per share (Note 1) 23.00 14.00 9.00 19.49 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 52 Annual Report 2007
Consolidated Statements of Shareholders’ Equity Komatsu Ltd. and Consolidated Subsidiaries Years ended March 31, 2007, 2006 and 2005 Thousands of U.S. dollars Millions of yen (Note 1) 2007 2006 2005 2007 Common stock Balance, beginning of year ¥ 67,870 ¥ 67,870 ¥ 67,870 $ 575,169 Balance, end of year ¥ 67,870 ¥ 67,870 ¥ 67,870 $ 575,169 Capital surplus Balance, beginning of year ¥136,137 ¥135,792 ¥135,675 $1,153,703 Sales of treasury stock 394 345 117 3,339 Issuance of stock acquisition rights (Notes 1 and 14) 663 — — 5,619 Others (39) — — (330) Balance, end of year ¥137,155 ¥136,137 ¥135,792 $1,162,331 Retained earnings, appropriated for legal reserve Balance, beginning of year ¥ 23,416 ¥ 22,341 ¥ 21,629 $ 198,441 Transfer from unappropriated retained earnings 851 1,075 712 7,212 Balance, end of year ¥ 24,267 ¥ 23,416 ¥ 22,341 $ 205,653 Unappropriated retained earnings Balance, beginning of year ¥376,522 ¥277,196 ¥227,825 $3,190,864 Net income 164,638 114,290 59,010 1,395,237 Cash dividends paid (22,859) (13,889) (8,927) (193,720) Transfer to retained earnings appropriated for legal reserve (851) (1,075) (712) (7,212) Balance, end of year ¥517,450 ¥376,522 ¥277,196 $4,385,169 Accumulated other comprehensive income (loss) Balance, beginning of year ¥ 23,095 ¥(21,485) ¥ (23,794) $ 195,720 Other comprehensive income for the year, net of tax (Note 15) 20,263 44,580 2,309 171,721 Adjustment to initially apply SFAS No. 158, net of tax (Note 13) (9,857) — — (83,534) Balance, end of year ¥ 33,501 ¥ 23,095 ¥ (21,485) $ 283,907 Treasury stock Balance, beginning of year ¥ (4,043) ¥ (4,570) ¥ (3,698) $ (34,263) Purchase of treasury stock (632) (2,027) (1,624) (5,356) Sales of treasury stock 1,149 2,554 752 9,737 Balance, end of year ¥ (3,526) ¥ (4,043) ¥ (4,570) $ (29,882) Total shareholders’ equity ¥776,717 ¥622,997 ¥477,144 $6,582,347 Disclosure of comprehensive income Net income for the year ¥164,638 ¥114,290 ¥ 59,010 $1,395,237 Other comprehensive income for the year, net of tax (Note 15) 20,263 44,580 2,309 171,721 Comprehensive income for the year ¥184,901 ¥158,870 ¥ 61,319 $1,566,958 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 53 Annual Report 2007
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Annual Report 2007
Page 3 and 4: UPWARD Fifth Consecutive Year of Gr
Page 5 and 6: Net Sales* Billions of yen 2,000 Op
Page 7 and 8: profit. Net income for the year, th
Page 9 and 10: Interview with Kunio Noji, Presiden
Page 11 and 12: previous tasks of enhancement of ou
Page 13 and 14: With respect to the development of
Page 15 and 16: Q Lastly, could you introduce The K
Page 17 and 18: public accounting firm when the fir
Page 19 and 20: The KOMATSU Way It was a journey of
Page 21 and 22: The KOMATSU Way Corporate Governanc
Page 23 and 24: Brian Kober, Vice President, Corpor
Page 25 and 26: Bruce Nelson Senior Manager, Manufa
Page 27 and 28: Social Activities Management We ha
Page 29 and 30: Review of Operations Trends and Per
Page 31 and 32: Japan While public-sector investmen
Page 33 and 34: Research and Development We are pro
Page 35 and 36: Global Manufacturing Operation for
Page 37 and 38: change. These are the first updates
Page 39 and 40: Financial Section Financial Review.
Page 41 and 42: FINANCIAL REVIEW and mining equipme
Page 43 and 44: FINANCIAL REVIEW wholly owned subsi
Page 45 and 46: FINANCIAL REVIEW cash used in inves
Page 47 and 48: FINANCIAL REVIEW 5 Environmental la
Page 49 and 50: FINANCIAL REVIEW Interest Rate Risk
Page 51 and 52: FIVE-YEAR SUMMARY Millions of yen (
Page 53: CONSOLIDATED BALANCE SHEETS Thousan
Page 57 and 58: Notes to Consolidated Financial Sta
Page 59 and 60: NOTES TO CONSOLIDATED FINANCIAL STA
Page 91 and 92: Report of Independent Registered Pu
Page 93 and 94: Directors, Auditors and Officers (A
Page 95 and 96: KOMATSU GROUP INVESTMENT HOLDINGS S
Page 97: 2-3-6 Akasaka, Minato-ku Tokyo 107-
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Annual Report 2007 - Komatsu

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