PDF : 3518KB - Alpine

Financial Highlights
1999 2000 2001 2002 2003
For the year:
Net sales 176,311 171,084 181,615 196,092 222,367
(Overseas Sales) 122,220 123,893 129,522 157,032 177,017
Operating income(loss) 7,453 6,298 4,445 7,022 12,306
Net income(loss) 2,650 3,098 3,284 3,914 6,138
Net cash provided by (used in)
operating activities 13,142 4,622 1,921 15,728 14,389
Free cash flow 7,107 3,100 (3,602) 8,513 6,290
Depreciation 5,351 5,338 5,385 5,552 5,723
Capital expenditures 5,008 5,607 6,307 6,808 8,218
R&D expenses 10,781 10,990 12,628 14,718 17,644
ROA (Return on assets) (%) 2.3 2.6 2.7 2.8 4.1
ROE (Return on equity) (%) 5.4 5.9 5.4 5.6 8.3
At year-end:
Current assets 80,165 81,400 85,046 102,396 106,180
Total Property, plant and equipment 23,022 22,810 23,649 22,466 22,898
Current liabilities 54,281 56,092 53,094 55,754 58,669
Noncurrent liabilities 12,420 6,005 6,403 17,944 15,869
Capital stock 16,904 18,090 19,928 19,928 20,012
Retained earnings 17,721 23,365 26,002 29,247 34,393
Total shareholders' equity 49,879 54,940 67,145 72,467 74,738
Total net assets — — — — —
Total assets 117,613 118,101 127,772 147,412 150,230
Equity ratio (%) 42.7 46.5 52.6 49.2 49.8
Amounts per share of common stock:
Net income(loss) (¥) 47.96 54.74 56.40 64.49 99.78
Diluted net income (¥) 44.98 52.04 54.60 — 86.86
Dividends from surplus
applicable to the year (¥) 10.00 10.00 10.00 12.50 17.50
Shareholders' equity (¥) 914.18 957.30 1,106.38 1,194.19 1,227.79
Notes: 1. R&D expenses include labor and other expenses reported as cost of sales.
2. Total shareholders' equity and total assets for 2000 are reclassified to conform to the "Standard for Accounting for Transactions by Foreign Currency,
etc." effective from the year ended March 31, 2001. Accordingly, ROA and ROE for 2000 are recalculated. With the standard adopted prior to 2001,
total shareholders' equity, total assets and shareholders' equity per share of common stock for 2000 were ¥58,533 million, ¥121,694 million and
¥1,019.91, respectively. Also, ROA, ROE and equity ratio for 2000 were 2.6%, 5.7% and 48.1%, respectively.
10