Nintendo 2005 Annual Report Download

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Please find the complete 2005 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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  • Page 37
    ...Nintendo") launched Nintendo DS, a brand new handheld device. Nintendo DS joins the Nintendo GameCube and Game Boy Advance in Nintendo's hardware lineup. This new system is equipped with dual screens, touch screen technology, wireless network, and microphone port, which enables anyone to easily play...

  • Page 38
    ... fiscal year. The number of days' sales in inventories was 29 days. Liabilities-to-equity ratio was 0.23:1 at March 31, 2005. Common Stock Activity During the fiscal year ended March 31, 2005, the Nikkei stock average declined slightly to ¥11,668.95 ($109.06). The Company's stock price rose...

  • Page 39
    Analysis of Operations and Financial Review •Competition in the market In the video game industry, it may become even more difficult to generate profit as more research and development expenses and marketing expenses are required, and as price competition intensifies with giant enterprises ...

  • Page 40
    ...audited the accompanying consolidated balance sheets of Nintendo Co., Ltd. and its subsidiaries as of March 31, 2005 and 2004, 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 41
    ... Dollars in Thousands (Note 1) As of March 31, 2005 2004 2005 Assets Current Assets Cash and cash equivalents Short-term investments (Note 3) Receivables Notes and trade accounts receivable Allowance for doubtful accounts Inventories (Note 5) Deferred income taxes (Note 8) Other current assets...

  • Page 42
    ... 31, 2005 2004 2005 Liabilities 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...

  • Page 43
    ...,211 541,703 229 $816,973 ¥ Japanese Yen $ U.S. Dollars (Note 1) Years ended March 31, 2005 2004 2005 Per share information Net income (Note 2L) Cash dividends (Note 2L) ¥662.96 270 ¥246.93 140 $6.20 2.52 See notes to consolidated financial statements. Nintendo Co., Ltd. and consolidated...

  • Page 44
    Consolidated Statements of Shareholders' Equity ¥ Japanese Yen in Millions Years ended March 31, 2005 and 2004 Number of common shares in thousands Common stock Additional paid-in capital Retained earnings Unrealized gains on other securities Translation adjustments Treasury stock at cost...

  • Page 45
    ... 2005 Cash Flows from Operating Activities Net income Depreciation and amortization Increase (decrease) in allowance for doubtful accounts Increase (decrease) in reserve for employee retirement and severance benefits Deferred income taxes Foreign exchange loss (gain) Unrealized loss on investments...

  • Page 46
    ...consolidated financial statements issued in Japan for domestic reporting purposes. Nintendo Co., Ltd. (the "Company") and its subsidiaries in Japan maintain their accounts and records in accordance with the provisions set forth in the Japanese Commercial Code and the Securities and Exchange Law, and...

  • Page 47
    ... Financial Statements Years ended March 31, 2005 and 2004 B. Translation of Foreign Currency Items In accordance with the Japanese accounting standard, short-term and long-term monetary receivables and payables denominated in foreign currencies are translated into Japanese yen at the exchange rate...

  • Page 48
    ... basis of the cost of retirement benefit and plan assets at the 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 49
    ... Financial Statements Years ended March 31, 2005 and 2004 Note 3. Short-term Investments and Investments in Securities Other securities with market value included in Investments in securities as of March 31, 2005 and 2004 were as follows: ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands...

  • Page 50
    ... value of non-marketable securities in Short-term investments and Investments in securities as of March 31, 2005 and 2004 were summarized as follows: ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) As of March 31, 2005 2004 2005 (1) Held-to-maturity debt securities Commercial...

  • Page 51
    ... cost of sales in the accompanying consolidated statements of income. These losses amounted to ¥5,116 million ($47,817 thousand) and ¥9,492 million for the years ended March 31, 2005 and 2004, respectively. Note 6. Retirement and Severance Benefits and Pension Plan The Company has a tax approved...

  • Page 52
    Basis of calculation: Year ended March 31, 2005 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 1.3% to 6.0% 0.0% to...

  • Page 53
    ... unrealized profit Research and development costs Other A/P and accrued expenses Accrued enterprise tax Land Unrealized loss on investments in securities Reserve for employee retirement and severance benefits Depreciation Other Gross deferred tax assets Valuation allowance Total deferred tax assets...

  • Page 54
    ... of unrealized profit Accrued expenses Research and development costs Land Reserve for employee retirement and severance benefits Unrealized loss on investments in securities Depreciation Allowance for doubtful accounts Other Gross deferred tax assets Valuation allowance Total deferred tax assets...

  • Page 55
    ...were as follows: ¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) As of March 31, 2005 2004 2005 Due within one year Due after one year Total ¥207 142 ¥349 ¥212 200 ¥412 $1,935 1,326 $3,261 The minimum rental commitments under noncancelable operating leases at March 31...

  • Page 56
    ... the annual general meeting held on June 29, 2005, 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, ¥200...

  • Page 57
    ... Financial Statements Years ended March 31, 2005 and 2004 B. Segment Information by Seller's Location ¥ Japanese Yen in Millions Year ended March 31, 2005 Japan The Americas Europe Other Total Eliminations or unallocated assets Consolidated Net sales and operating income Net sales Sales...

  • Page 58
    $ U.S. Dollars in Thousands (Note 1) Year ended March 31, 2005 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 and selling, general and ...

  • Page 59
    ... ¥ Japanese Yen in Millions Year ended March 31, 2004 The Americas Europe Other Total Sales for overseas customers Consolidated net sales ¥251,144 ¥120,136 ¥11,209 ¥382,489 ¥514,409 $ U.S. Dollars in Thousands (Note 1) Year ended March 31, 2005 The Americas Europe Other Total...

  • Page 60
    ...Â¥ Japanese Yen in Millions $ U.S. Dollars in Thousands (Note 1) Years ended March 31, 2005 2004 2003 2002 2001 2005 For the period Net sales Income before income taxes and minority interests Net income At the period-end Total assets Property, plant and equipment - net Shareholders' equity...

  • Page 61
    Corporate Directory Board of Directors President Satoru Iwata* Offices and Facilities Corporate Headquarters 11-1, Kamitoba hokotate-cho, Minami-ku, Kyoto 601-8501, Japan Tel : 81-75-662-9600 Senior Managing Director Yoshihiro Mori* Shinji Hatano* Genyo Takeda* Shigeru Miyamoto* Nobuo Nagai* ...

  • Page 62
    .... Nintendo Technology Development Inc. Nintendo Software Technology Corporation Nintendo Phuten Co., Ltd. Retro Studios, Inc. Nintendo of Europe GmbH Nintendo Center 63760 Großostheim, Germany Tel : 49-6026-950-00 Fax : 49-6026-950-301 Overseas: Midway/Nintendo Inc. Nintendo France S.A.R.L. Le...

  • Page 63
    ... Nintendo of America Inc. 4820 150th Avenue N.E. Redmond, WA 98052 U.S.A. Tel : 1-425-882-2040 Annual Meeting The Annual Meeting of Shareholders for fiscal year ended March 31, 2005 was held on Wednesday, June 29, 2005 at Nintendo Co., Ltd. Kyoto, Japan. Corporate Communication Department Nintendo...

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