Nintendo 2005 Annual Report Download
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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...
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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...
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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 ...
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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...
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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...
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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...
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Page 43
...,211 541,703 229 $816,973
Â¥
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...
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Page 44
Consolidated Statements of Shareholders' Equity
Â¥
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...
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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...
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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...
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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...
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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...
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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:
Â¥
Japanese Yen in Millions
$
U.S. Dollars in Thousands...
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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:
Â¥
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...
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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...
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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...
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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...
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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...
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Page 55
...were as follows:
Â¥
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...
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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:
Â¥
Japanese Yen in Millions
$
U.S. Dollars in Thousands (Note 1)
Year-end cash dividends, ¥200...
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Page 57
... Financial Statements
Years ended March 31, 2005 and 2004
B. Segment Information by Seller's Location
Â¥
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...
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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 ...
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Page 59
...
Â¥
Japanese Yen in Millions
Year ended March 31, 2004
The Americas
Europe
Other
Total
Sales for overseas customers Consolidated net sales
Â¥251,144
Â¥120,136
Â¥11,209
¥382,489 ¥514,409
$
U.S. Dollars in Thousands (Note 1)
Year ended March 31, 2005
The Americas
Europe
Other
Total...
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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...
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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*
...
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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...
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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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