Nintendo 2003 Annual Report Download

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Please find the complete 2003 Nintendo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Table of contents

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    Naoto [19] Adrianne [21] Yoshitugu [54] Alisa [17 ] Edwina [54] Minako [14] Jerry [12] Pierre [31] Merle [25] [51] Mic Michael Hiroki [9] Mai [23] Masaaki [26] Caroline.B [9] Lelf [14] Takako [26]

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    Hayat [25] Odd [49] Yury [24] Yuta [11] Gerd [35] Jane [16] Setuko [59] Caroline.W [14] ??????? [??] Alexandra [14] Shinji [11] [39] Toshio oshio s Natalia.P [39] Melissah [17] Masamichi.U [ 20] Rie [18]

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    Michiyo [ 27] Fukutoshi [ 61] Daniel [ 30 ] Kelly A [19] Sanae [ 27] Edwin [38] Kouhei [17 ] Hideo [64] Kristin [15 ] Mao [13] Maria [ 24] Minako [19 ] Jennifer [35] Sebastien [25] Hiroko [37] Kmiko [40] Emma.K [ 8 ] Mack [38] Masamichi.F [11] Jon [9] Chiaki [ 24] Michil [11] ...

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    David [ 23] Mika [ 24] Geraldine [ 24] Mark [48 ] Tutomu [ 27] Natalie.R [ 21] Timothy [18 ] Sara [8] Yuki [17 ] Stephanie [17 ] Kanako [17] Takashi [34] Shannon.M [ 24] Stanislav [14] Youko ouko [34] Tomoko.T [18 ] Yoshitugu [54] Michiko [72] Stephen [34] Youichi [ 20] Fumiko [...

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    ... outside Japan at the rate of ¥120 to US$1, the approximate rate of exchange at March 31, 2003. B : The computations of net income per share of common stock are based on the weighted average number of shares outstanding during each fiscal year. C: Cash dividends per share represent the amounts...

  • Page 53
    ... reported on the Osaka Stock Exchange, Section 1. Nintendo's stock is also traded on the Tokyo Stock Exchange, Section 1. A: The amounts presented herein are stated in Japanese yen and have been translated into U.S. dollars solely for the convenience of readers outside Japan at the rate of ¥120 to...

  • Page 54
    ... age groups and got off to a good start in the Japanese, American, and European markets. GAME BOY ADVANCE SP and GAME BOY ADVANCE sold a combined total of 15.65 million units in the fiscal year ended March 31, 2003, with life-to-date unit sales reaching 33.81 million units. As for NINTENDO GAMECUBE...

  • Page 55
    ...of total outstanding shares at March 31, 2003. (Note) The amounts presented herein are stated in Japanese yen and have been translated into U.S. dollars solely for the convenience of readers outside Japan at the rate of ¥120 to US$1, the approximate rate of exchange at March 31, 2003. Nintendo Co...

  • Page 56
    ... outside Japan at the rate of ¥120 to US$1, the approximate rate of exchange at March 31, 2003. B : The computations of net income per share of common stock are based on the weighted average number of shares outstanding during each fiscal year. C: Cash dividends per share represent the amounts...

  • Page 57
    ...audited the accompanying consolidated balance sheets of Nintendo Co., Ltd. and its subsidiaries as of March 31, 2003 and 2002, and the related consolidated statements of income, shareholders' equity, and cash flows for the years then ended, all expressed in Japanese Yen. These consolidated financial...

  • Page 58
    Consolidated Balance Sheets ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) As of March 31, 2003 2002 2003 2002 Assets Current Assets Cash and cash equivalents Short-term investments Receivables Notes and trade accounts receivable Allowance for doubtful accounts Inventories ...

  • Page 59
    ...and Shareholders' Equity Current Liabilities Notes and trade accounts payable Accrued income taxes Other current liabilities Total current liabilities Non-current Liabilities Non-current accounts payable Reserve for employee retirement and severance benefits (Note 6) Reserve for directors retirement...

  • Page 60
    Consolidated Statements of Income ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note1) Years ended March 31, 2003 2002 2003 2002 Net sales Cost of sales (Notes 5 and 7) Gross margin Selling, general and administrative expenses (Note 7) Operating income Other income (expenses) ...

  • Page 61
    ... Net income Cash dividends Directors' bonuses Decrease in retained earnings due to exclusion of affiliate with equity method applied Unrealized gains on other securities Translation adjustments Net changes in treasury stock Balance, March 31, 2003 See notes to consolidated financial statements. $83...

  • Page 62
    ... ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) Years ended March 31, 2003 2002 2003 2002 Additional Cash Flow Information Interest paid Income taxes paid See notes to consolidated financial statements. ¥ 2 36,536 ¥ 0 109,774 $ 16 304,468 $ 3 914,780 Nintendo Co...

  • Page 63
    ... U.S. dollars at this or any other rate of exchange. Note 2. Significant Accounting Policies A. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and all subsidiaries (total 21 in 2003 and 24 in 2002) except for two. The equity method...

  • Page 64
    ... respect to financial statements of overseas subsidiaries, the balance sheet accounts are translated into Japanese yen at the exchange rates in effect at the balance sheet date except for shareholders' equity, which are translated at the historical rates. The average exchange rates for the fiscal...

  • Page 65
    ...on the basis of the cost of retirement benefit and plan assets at end of fiscal year. Benefits under the plan are generally based on the current rate of base salary, length of service and certain other factors when the termination occurs. Directors and corporate auditors customarily receive lump-sum...

  • Page 66
    ... to Consolidated Financial Statements Years ended March 31, 2003 and 2002 Note 3. Market Value Information on Securities Other securities with market value included in Investments in securities as of March 31, 2003 and 2002 were as follows: ¥ Japanese Yen in Millions As of March 31, 2003 Cost...

  • Page 67
    ... cost or market valuation of inventories have been charged to cost of sales in the accompanying consolidated statements of income. These losses amounted to ¥12,515 million ($104,290 thousand) and ¥9,878 million ($82,319 thousand) for the years ended March 31, 2003 and 2002, respectively. Nintendo...

  • Page 68
    Notes to Consolidated Financial Statements Years ended March 31, 2003 and 2002 Note 6. Retirement and Severance Benefits and Pension Plan The Company has a tax approved pension scheme and lump-sum severance payments plan which is a defined benefit plan. It may also pay extra retirement allowance to...

  • Page 69
    Basis of calculation: Year ended March 31, 2003 a . Method of attributing benefits to years of service: b . Discount rate: c . Expected return rate on plan assets: d . Amortization years of prior service cost: e . Amortization years of actuarial difference: Straight-line basis 1.0% to 6.5% 0.0% to...

  • Page 70
    Notes to Consolidated Financial Statements Years ended March 31, 2003 and 2002 Note 8. Income Taxes The Company is subject to several Japanese taxes based on income, which, in the aggregate, result in a normal statutory tax rates of approximately 42% for the years ended March 31, 2003 and 2002. ...

  • Page 71
    ... equipment and other assets. Total lease payments under finance leases not deemed to transfer ownership of the leased assets to the lessee for the years ended March 31, 2003 and 2002 were ¥269 million ($2,239 thousand) and ¥215 million ($1,789 thousand), respectively. Pro forma information...

  • Page 72
    ... June 27, 2003, shareholders of the Company approved the year-end cash dividends and directors' bonuses proposed by the Board of Directors of the Company as follows: ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) Year-end cash dividends, ¥70 ($0.58) per share Directors' bonuses...

  • Page 73
    ... Information by Seller's Location ¥ Japanese Yen in Millions Year ended March 31, 2003 Japan The Americas Europe Other Total Eliminations or unallocated assets Consolidated Net sales and operating income Net sales Sales to third parties Inter segment sales Total net sales Cost of sales...

  • Page 74
    Notes to Consolidated Financial Statements Years ended March 31, 2003 and 2002 ¥ Japanese Yen in Millions Year ended March 31, 2002 Japan The Americas Europe Other Total Eliminations or unallocated assets Consolidated Net sales and operating income Net sales Sales to third parties Inter ...

  • Page 75
    ... ¥ Japanese Yen in Millions Year ended March 31, 2002 The Americas Europe Other Total Sales for overseas customers Consolidated net sales ¥284,518 ¥116,155 ¥10,621 ¥411,294 ¥554,413 $ U.S. Dollars in Thousands (Note 1) Year ended March 31, 2003 The Americas Europe Other Total...

  • Page 76
    Corporate Directory Board of Directors Chairman Atsushi Asada* Offices and Facilities Corporate Headquarters 11-1, Kamitoba hokotate-cho, Minami-ku, Kyoto 601-8501, Japan Tel : (075) 662-9600 Fax : (075) 662-9601 President Satoru Iwata* Senior Managing Director Yoshihiro Mori* Shinji Hatano* ...

  • Page 77
    ... Inc. Nintendo Technology Development Inc. Nintendo Software Technology Corporation Rare Acquisition Inc. Nintendo Phuten Co., Ltd. Nintendo Services USA, Inc. Retro Studios, Inc. Affiliated companies with equity method non-applied Domestic: Ape inc. Nintendo of Europe GmbH Nintendo Center, 63760...

  • Page 78
    ... Investor Relations Securities analysts, institutional investors, and other members of the financial community requesting information about Nintendo Co., Ltd. should contact: Independent Auditors ChuoAoyama Audit Corporation Kyoto, Japan Mr. Yoshihiro Mori Senior Managing Director General Manager...

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