Annual Report 2002 [PDF/1.6MB]

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COMPANY PROFILEOriginally founded in 1954, Kawasho Corporation has since expanded withiron and steel products at the center of its business.Today, its trading operations span not only steel, but also a diverse range of sectorssuch as energy, machinery, shipping, raw materials, timber, foods and electronics.With the increasing spread of global standards, the world of business isundergoing major transformation. To succeed in the 21st century,Kawasho recognizes that it cannot simply rely on past methods and experience.Instead, it is responding by showing the flexibility required to confront suchchanges and seize new opportunities for growth. Through the creation ofbusiness functionalities and values befitting the new century,the Kawasho Group is united in taking further strides forward so that it can makea valid contribution to the betterment of society.CONTENTSFINANCIAL HIGHLIGHTS 3PRESIDENT'S MESSAGE 4REVIEWS OF OPERATIONS 9BOARD OF DIRECTORS 26ORGANIZATION CHART 26FINANCIAL SECTION 29WORLD NETWORK 52MAJOR OVERSEAS GROUP COMPANIES 54COMPANY DATA 55
FINANCIAL HIGHLIGHTSKawasho Corporation and Consolidated SubsidiariesFor the years ended March 31, 2002, 2001 and 2000For the years ended March 31 :Millions of Yen2002 2001 2000Thousands ofU.S. Dollars( Note 1 )2002Net sales¥ 1,125,930¥ 1,280,937¥ 1,279,162$ 8,449,756Gross profit60,65076,14872,839455,159Operating income9,0548,9787,53067,947Net loss11,87115,1602,35389,089As of March 31 :Total assets¥ 590,710¥ 727,143¥ 874,635$ 4,433,096Total shareholders' equity10,05911,64634,59675,489YenU.S. Dollars( Note 1 )Amounts per share:Net loss¥ 88.37¥ 115.63¥ 17.94$ 0.66See the accompanying Notes to Consolidated Financial Statements.1,500,000Net sales( Millions of Yen )1,279,162 1,280,93780,000Gross profit( Millions of Yen )72,83976,14810,000Operating income( Millions of Yen )8,9789,05415,000Net loss( Millions of Yen )15,1601,125,93060,00060,6508,0007,53011,8711,000,0006,00010,00040,0004,000500,00020,0002,0005,0002,353002000 2001 2002 2000 2001 2002002000 2001 2002 2000 2001 20021,000,000Total assets( Millions of Yen )874,63540,000Total shareholders' equity( Millions of Yen )34,596800,000727,14330,000600,000590,71020,000400,000200,00010,00011,64610,059002000 2001 2002 2000 2001 20023
Page 5 and 6: BUSINESS ENVIRONMENTDuring the year
Page 7 and 8: position as a leading steel trader,
Page 9 and 10: REVIEWS OF OPERATIONSDOMESTIC STEEL
Page 11 and 12: Domestic SteelOverseas SteelTerre A
Page 27 and 28: All Domestic Kawasho Offices Acquir
Page 29 and 30: CONSOLIDATED BALANCE SHEETSKawasho
Page 31 and 32: CONSOLIDATED STATEMENTS OF OPERATIO
Page 33 and 34: CONSOLIDATED STATEMENTS OF CASH FLO
Page 35 and 36: NOTES TO CONSOLIDATED FINANCIAL STA
Page 37 and 38: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 39 and 40: 4. SHORT-TERM BORROWINGS AND LONG-T
Page 41 and 42: 6. ACCRUED RETIREMENT BENEFITSThe f
Page 43 and 44: 10. LEASE TRANSACTIONSFinance lease
Page 45 and 46: 11. DERIVATIVE FINANCIAL INSTRUMENT
Page 47 and 48: 12. SEGMENT INFORMATIONThe Companie
Page 49: JapanThousands of U.S. DollarsOther
Page 52 and 53:
IndonesiaMiddle EastNorth AmericaJA
Page 54 and 55:
COMPANY DATANameKAWASHO CORPORATION
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