Consolidated Financial Highlights - eizo global
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
Disclaimer Regarding Forward-looking Statements Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance of Eizo and its group companies, which are based on management’s assumptions and beliefs in light of information currently available, and involve risks and uncertainties. Actual results may differ materially from these forecasts. Note1: “10F1” appearing in this presentation means “First Half Fiscal Year 2010”. Note2: Net sales by segment is based on our estimation.
(6737)
1. Consolidated Statements of Income (Millions of yen)
09F1 Amount
10F1 (%)
Amount
09F1 to 10F1 change (%)
Amount
(%)
Net Sales
36,480
100.0
30,191
100.0
- 6,289
- 17.2
Cost of Goods Sold
26,010
71.3
22,086
73.2
- 3,924
- 15.1
Gross Profit
10,469
28.7
8,104
26.8
- 2,364
- 22.6
Selling, general and administrative expenses
6,423
17.6
6,185
20.4
- 238
- 3.7
Operating Income
4,045
11.1
1,919
6.4
- 2,126
- 52.6
Ordinary Income
4,162
11.4
1,848
6.1
- 2,314
- 55.6
- 42
- 0.1
- 57
- 0.2
-14
-
Income before income taxes
4,120
11.3
1,791
5.9
- 2,328
- 56.5
Net Income
2,523
6.9
1,197
4.0
- 1,325
- 52.5
Extraordinary profit & loss
Note: Exchange rate in 10F1, JPY88/USD, JPY113/EUR. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
1 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
2. Net Sales by Products （Billions of yen）
Change of half year
Monitors for Computer use
Amusement Monitors
Others
Monitors for Computer use
Change(YonY) - 3.0％
45.0
41.0 40.0
36.4 35.0
Change of year
Change(YonY) - 17.2％
3.1
89.3
5.0
80.0
74.5 6.4
30.1 30.0
18.1 25.0
Change + 4.0％
5.2
4.3
2.7
Change - 9.7％
77.5 7.5
70.0 7.8
38.4
11.3
Others
Change - 16.6％
100.0
39.8
Amusement Monitors
60.0
16.9
26.0 9.7
35.1
21.1
20.0 40.0 15.0
23.3 10.0
16.3
18.5
17.7
20.0
45.5
42.0
34.8
41.1
5.0 0.0
0.0 09F1
09F2
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
10F1
10F2Plan
07F
08F
09F
10FPlan
2 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - General LCD Monitors -
（Billions of yen） F1
F2
24.7
Change - 30.7％
17.1
12.5
Change - 22.7％
Change - 41.9％
Change + 8.4％
7.2 Change - 5.2％
6.8 12.2 Change - 19.2％
07F
9.8
14.4
13.2
Change - 35.5％
08F
6.3
09F
Change + 14.8％
7.9
Change + 1.5％
6.4
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
3 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Medical Market -
（Billions of yen） F1
F2
Change + 31.7％
18.0
Change - 8.4％
Change + 8.9％
18.0
16.5 13.6 8.7
9.4 Change + 4.1％
Change - 5.9％
9.1
Change + 3.3％
9.3
9.2 4.3 07F
Change + 112.1％
8.5
7.3 Change - 20.3％
08F
Change + 15.9％
09F
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for medical market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
4 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Graphic Arts Market -
（Billions of yen） F1
F2
Change + 3.7％
5.4
3.3
5.6
Change - 21.9％ Change + 17.4％
Change - 35.0％
5.2
4.4
2.2 Change + 5.4％
2.3
Change + 26.6％
2.9
3.4 2.0
07F
Change + 67.0％
Change - 39.2％
08F
2.1
09F
Change + 7.2％
2.2
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
5 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Air Traffic Control (ATC) Market -
（Millions of yen） F1
F2
1,100
Change + 197.3％
712
558
Change - 41.7％ Change + 13.7％
190 Change - 23.3％
325 146
Change + 0.5％
369 147
367 Change - 51.2％
07F
179
Change + 24.5％
08F
Change + 384.2％
222 09F
Change + 74.0％
387
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for ATC market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
6 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Industrial Market -
（Millions of yen） F1
F2
3,800 Change + 143.3％
2,641
1,366
Change - 23.4％
Change + 49.1％
1,047 693
672 07F
Change - 29.1％
Change - 17.5％
491 555
Change + 73.4％
Change + 27.7％
08F
1,561
Change + 209.8％
852
709 09F
Change + 63.4％
1,158
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for Industrial market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
7 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Entertainment Market -
（Millions of yen） F1
F2
2,368
Change - 32.1％
1,096
1,607 Change - 50.7％
Change - 33.6％ Change + 0.2％
540 Change + 1.1％
1,272
1,070
546
Change + 17.0％
639
520
Change - 17.4％
430
1,067 Change - 16.1％
07F
1,067
Change - 51.2％
08F
09F
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
8 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Amusement Monitors -
（Billions of yen） F1
F2
38.4
Change - 32.4％
20.5
Change + 35.1％
26.0 Change - 46.6％
10.9
© SANYO BUSSAN CO.,LTD.
35.1
Change - 39.9％
18.1 Change + 65.6％
21.1 Change - 37.5％
11.3 17.9 Change - 16.1％
07F
15.0
Change + 12.8％
08F
16.9 Change - 42.5％
09F
9.7
10FPlan (F1 is actual.)
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
9 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
4. Operating Income （Billions of yen）
F1
F2
Operating Income/Net Sales
16.0%
9.5
9.0
8.4
14.0%
11.6%
7.5
12.0%
4.9
4.0 9.5% 5.5
10.0%
5.2
4.3
7.4%
5.8% 3.2
3.5
4.7
4.4
6.0% 4.0%
4.0
1.5
1.9 -0.5
2.0%
-0.4 07F
08F
07F
09F
08F
8.0%
10FPlan
(F1 is actual.)
09F
0.0%
10FPlan
ROA （％）
10.7
6.1
12.9
6.9
ROE （％）
7.9
1.3
9.2
5.5
12.0
6.3
10.5
6.6
EBITDA (Billions of yen) ROA： Ordinary Income/Total Assets
ROE：Net Income/ Shareholders’ Equity
EBITDA： Income before income taxes, Interest payable, Depreciation and Amortization, Impairment losses Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
10 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
5. Selling, General and Administrative Expenses （Billions of yen） F1
16.0
15.3
14.0
SG&A/Net Sales
15.2
8.9
24.0%
20.4%
17.1%
12.0 10.0
F2
13.6 19.4%
12.7
7.4 6.3
16.4%
20.0% 16.0%
7.4 12.0%
8.0 6.0
8.0%
4.0
6.3
7.7
6.4
6.1
2.0
4.0% 0.0%
0.0 07F
08F
09F
10FPlan (F1 is actual.)
Note(07F): Including the amortization of “Technology & software(JPY 1.3 Bil.), a part of purchase price of Siemens Medical monitor business according to Japanese GAAP. Note(08F): Including lump-sum amortization of goodwill(JPY 0.3 Bil.), acquired monitor business from eg-electronic GmbH. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
11 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
6. R&D （Billions of yen） F1
F2
R&D Expenses/Net Sales
10.0%
6.0
5.3 5.0 4.0
4.9 7.1%
8.0%
7.1%
6.1%
2.5
2.5
2.5 2.2
5.5%
3.0
4.7
9.0%
4.9
7.0% 6.0% 5.0% 4.0%
2.0 1.0
3.0%
2.3
2.7
2.4
2.4
2.0% 1.0%
0.0
0.0% 07F
08F
09F
10FPlan (F1 is actual.)
Note(07F): Excluding amortization of “Technology & Software(JPY 1.3 Bil.), a part of purchase price of Siemens Medical Monitor Business according to Japanese GAAP.
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
12 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
7. CAPEX （Billions of yen）
3.5 3.0
CAPEX
Molding Investment
Depreciation
Depreciation for Molding
0.6
2.5
1.5
0.4
0.7
2.0
0.5
0.4 2.6
1.0
0.6 1.7
0.5
1.9 1.4
0.3 1.5
0.6
1.0 1.2
0.5 0.0 07F
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
08F
09F
10FPlan
13 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
8. Consolidated Balance Sheets （Millions of yen） 09F Amount
Increase / Decrease
10F1 （％）
Amount
（％）
Amount
4,059
5.4
4,292
5.9
+ 233
Notes and accounts receivable
15,366
20.4
11,096
15.2
- 4,269
Inventories
11,450
15.2
15,456
21.1
+ 4,005
Others
19,965
26.5
20,291
27.6
+ 326
50,842
67.5
51,138
69.8
+ 295
9,806
13.0
9,475
13.0
- 331
Others
14,719
19.5
12,605
17.2
- 2,114
Fixed Assets
24,526
32.5
22,081
30.2
- 2,445
Total
75,369
100.0
73,219
100.0
- 2,149
Accounts payable
7,195
9.5
8,243
11.3
+ 1,048
Current liabilities
14,060
18.7
13,269
18.1
- 791
4,824
6.4
4,247
5.8
- 576
Shareholders’ Equity
56,484
74.9
55,701
76.1
- 782
Total
75,369
100.0
73,219
100.0
- 2,149
Cash and equivalents
Current Assets Tangible Assets
Long term liabilities
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
14 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
9. Plans for 10F
（Millions of yen）
09F
09F to 10F Change
10F Plan
Amount
(%)
Amount
(%)
Amount
77,525
100.0
70,000
100.0
- 7,525
- 9.7
Operating Income
9,026
11.6
5,200
7.4
- 3,826
- 42.4
Ordinary Income
9,088
11.7
5,200
7.4
- 3,888
- 42.8
Net Income
4,928
6.4
3,100
4.4
- 1,828
- 37.1
Net Sales by Products
Amount
Net Sales
(%)
(%)
Amount
(%)
Amount
(%)
Monitors for Computer use
34,881
45.0%
41,100
58.7%
+ 6,218
+ 17.8
Amusement Monitors
35,126
45.3%
21,100
30.1%
- 14,026
- 39.9
7,517
9.7%
7,800
11.2%
+ 282
+ 3.8
77,525
100.0%
70,000
100.0%
- 7,525
- 9.7
Others Total
Note: There is no change in plans for 10F announced on May 12, 2010. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
15 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
10. Dividend （JPY / Share）
Year-end Dividend Interim Dividend Dividend Payout Ratio (Consolidated base)
120 100
229.7%
48.0%
41.0%
44.0% 36.0% 40.0% 36.0%
Annual Dividend
80
32.0% 28.0%
60
40
20.6% 17.5%
40
14.4% 11.3%
0
7.5 7.5 02F
30
9.5%
20
15
20
25
30
10
15
03F
04F
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
40
40
25
80
70
55 30
40
24.0%
22.6%
30
20.0%
70
25
50
40 25
16.0%
25
50 25
12.0% 8.0% 4.0% 0.0%
05F
06F
07F
08F
09F
10F Plan
16 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
Disclaimer Regarding Forward-looking Statements Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance of Eizo and its group companies, which are based on management’s assumptions and beliefs in light of information currently available, and involve risks and uncertainties. Actual results may differ materially from these forecasts. Note1: “10F1” appearing in this presentation means “First Half Fiscal Year 2010”. Note2: Net sales by segment is based on our estimation.
(6737)
1. Consolidated Statements of Income (Millions of yen)
09F1 Amount
10F1 (%)
Amount
09F1 to 10F1 change (%)
Amount
(%)
Net Sales
36,480
100.0
30,191
100.0
- 6,289
- 17.2
Cost of Goods Sold
26,010
71.3
22,086
73.2
- 3,924
- 15.1
Gross Profit
10,469
28.7
8,104
26.8
- 2,364
- 22.6
Selling, general and administrative expenses
6,423
17.6
6,185
20.4
- 238
- 3.7
Operating Income
4,045
11.1
1,919
6.4
- 2,126
- 52.6
Ordinary Income
4,162
11.4
1,848
6.1
- 2,314
- 55.6
- 42
- 0.1
- 57
- 0.2
-14
-
Income before income taxes
4,120
11.3
1,791
5.9
- 2,328
- 56.5
Net Income
2,523
6.9
1,197
4.0
- 1,325
- 52.5
Extraordinary profit & loss
Note: Exchange rate in 10F1, JPY88/USD, JPY113/EUR. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
1 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
2. Net Sales by Products （Billions of yen）
Change of half year
Monitors for Computer use
Amusement Monitors
Others
Monitors for Computer use
Change(YonY) - 3.0％
45.0
41.0 40.0
36.4 35.0
Change of year
Change(YonY) - 17.2％
3.1
89.3
5.0
80.0
74.5 6.4
30.1 30.0
18.1 25.0
Change + 4.0％
5.2
4.3
2.7
Change - 9.7％
77.5 7.5
70.0 7.8
38.4
11.3
Others
Change - 16.6％
100.0
39.8
Amusement Monitors
60.0
16.9
26.0 9.7
35.1
21.1
20.0 40.0 15.0
23.3 10.0
16.3
18.5
17.7
20.0
45.5
42.0
34.8
41.1
5.0 0.0
0.0 09F1
09F2
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
10F1
10F2Plan
07F
08F
09F
10FPlan
2 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - General LCD Monitors -
（Billions of yen） F1
F2
24.7
Change - 30.7％
17.1
12.5
Change - 22.7％
Change - 41.9％
Change + 8.4％
7.2 Change - 5.2％
6.8 12.2 Change - 19.2％
07F
9.8
14.4
13.2
Change - 35.5％
08F
6.3
09F
Change + 14.8％
7.9
Change + 1.5％
6.4
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
3 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Medical Market -
（Billions of yen） F1
F2
Change + 31.7％
18.0
Change - 8.4％
Change + 8.9％
18.0
16.5 13.6 8.7
9.4 Change + 4.1％
Change - 5.9％
9.1
Change + 3.3％
9.3
9.2 4.3 07F
Change + 112.1％
8.5
7.3 Change - 20.3％
08F
Change + 15.9％
09F
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for medical market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
4 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Graphic Arts Market -
（Billions of yen） F1
F2
Change + 3.7％
5.4
3.3
5.6
Change - 21.9％ Change + 17.4％
Change - 35.0％
5.2
4.4
2.2 Change + 5.4％
2.3
Change + 26.6％
2.9
3.4 2.0
07F
Change + 67.0％
Change - 39.2％
08F
2.1
09F
Change + 7.2％
2.2
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
5 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Air Traffic Control (ATC) Market -
（Millions of yen） F1
F2
1,100
Change + 197.3％
712
558
Change - 41.7％ Change + 13.7％
190 Change - 23.3％
325 146
Change + 0.5％
369 147
367 Change - 51.2％
07F
179
Change + 24.5％
08F
Change + 384.2％
222 09F
Change + 74.0％
387
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for ATC market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
6 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Industrial Market -
（Millions of yen） F1
F2
3,800 Change + 143.3％
2,641
1,366
Change - 23.4％
Change + 49.1％
1,047 693
672 07F
Change - 29.1％
Change - 17.5％
491 555
Change + 73.4％
Change + 27.7％
08F
1,561
Change + 209.8％
852
709 09F
Change + 63.4％
1,158
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Including sales of accessories for Industrial market. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
7 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Entertainment Market -
（Millions of yen） F1
F2
2,368
Change - 32.1％
1,096
1,607 Change - 50.7％
Change - 33.6％ Change + 0.2％
540 Change + 1.1％
1,272
1,070
546
Change + 17.0％
639
520
Change - 17.4％
430
1,067 Change - 16.1％
07F
1,067
Change - 51.2％
08F
09F
10FPlan (F1 is actual.)
Note:Net sales for “ computer use” and “others” on page 2 are reclassified by segments. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
8 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
3. Net Sales by Segment - Amusement Monitors -
（Billions of yen） F1
F2
38.4
Change - 32.4％
20.5
Change + 35.1％
26.0 Change - 46.6％
10.9
© SANYO BUSSAN CO.,LTD.
35.1
Change - 39.9％
18.1 Change + 65.6％
21.1 Change - 37.5％
11.3 17.9 Change - 16.1％
07F
15.0
Change + 12.8％
08F
16.9 Change - 42.5％
09F
9.7
10FPlan (F1 is actual.)
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
9 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
4. Operating Income （Billions of yen）
F1
F2
Operating Income/Net Sales
16.0%
9.5
9.0
8.4
14.0%
11.6%
7.5
12.0%
4.9
4.0 9.5% 5.5
10.0%
5.2
4.3
7.4%
5.8% 3.2
3.5
4.7
4.4
6.0% 4.0%
4.0
1.5
1.9 -0.5
2.0%
-0.4 07F
08F
07F
09F
08F
8.0%
10FPlan
(F1 is actual.)
09F
0.0%
10FPlan
ROA （％）
10.7
6.1
12.9
6.9
ROE （％）
7.9
1.3
9.2
5.5
12.0
6.3
10.5
6.6
EBITDA (Billions of yen) ROA： Ordinary Income/Total Assets
ROE：Net Income/ Shareholders’ Equity
EBITDA： Income before income taxes, Interest payable, Depreciation and Amortization, Impairment losses Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
10 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
5. Selling, General and Administrative Expenses （Billions of yen） F1
16.0
15.3
14.0
SG&A/Net Sales
15.2
8.9
24.0%
20.4%
17.1%
12.0 10.0
F2
13.6 19.4%
12.7
7.4 6.3
16.4%
20.0% 16.0%
7.4 12.0%
8.0 6.0
8.0%
4.0
6.3
7.7
6.4
6.1
2.0
4.0% 0.0%
0.0 07F
08F
09F
10FPlan (F1 is actual.)
Note(07F): Including the amortization of “Technology & software(JPY 1.3 Bil.), a part of purchase price of Siemens Medical monitor business according to Japanese GAAP. Note(08F): Including lump-sum amortization of goodwill(JPY 0.3 Bil.), acquired monitor business from eg-electronic GmbH. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
11 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
6. R&D （Billions of yen） F1
F2
R&D Expenses/Net Sales
10.0%
6.0
5.3 5.0 4.0
4.9 7.1%
8.0%
7.1%
6.1%
2.5
2.5
2.5 2.2
5.5%
3.0
4.7
9.0%
4.9
7.0% 6.0% 5.0% 4.0%
2.0 1.0
3.0%
2.3
2.7
2.4
2.4
2.0% 1.0%
0.0
0.0% 07F
08F
09F
10FPlan (F1 is actual.)
Note(07F): Excluding amortization of “Technology & Software(JPY 1.3 Bil.), a part of purchase price of Siemens Medical Monitor Business according to Japanese GAAP.
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
12 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
7. CAPEX （Billions of yen）
3.5 3.0
CAPEX
Molding Investment
Depreciation
Depreciation for Molding
0.6
2.5
1.5
0.4
0.7
2.0
0.5
0.4 2.6
1.0
0.6 1.7
0.5
1.9 1.4
0.3 1.5
0.6
1.0 1.2
0.5 0.0 07F
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
08F
09F
10FPlan
13 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
8. Consolidated Balance Sheets （Millions of yen） 09F Amount
Increase / Decrease
10F1 （％）
Amount
（％）
Amount
4,059
5.4
4,292
5.9
+ 233
Notes and accounts receivable
15,366
20.4
11,096
15.2
- 4,269
Inventories
11,450
15.2
15,456
21.1
+ 4,005
Others
19,965
26.5
20,291
27.6
+ 326
50,842
67.5
51,138
69.8
+ 295
9,806
13.0
9,475
13.0
- 331
Others
14,719
19.5
12,605
17.2
- 2,114
Fixed Assets
24,526
32.5
22,081
30.2
- 2,445
Total
75,369
100.0
73,219
100.0
- 2,149
Accounts payable
7,195
9.5
8,243
11.3
+ 1,048
Current liabilities
14,060
18.7
13,269
18.1
- 791
4,824
6.4
4,247
5.8
- 576
Shareholders’ Equity
56,484
74.9
55,701
76.1
- 782
Total
75,369
100.0
73,219
100.0
- 2,149
Cash and equivalents
Current Assets Tangible Assets
Long term liabilities
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
14 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
9. Plans for 10F
（Millions of yen）
09F
09F to 10F Change
10F Plan
Amount
(%)
Amount
(%)
Amount
77,525
100.0
70,000
100.0
- 7,525
- 9.7
Operating Income
9,026
11.6
5,200
7.4
- 3,826
- 42.4
Ordinary Income
9,088
11.7
5,200
7.4
- 3,888
- 42.8
Net Income
4,928
6.4
3,100
4.4
- 1,828
- 37.1
Net Sales by Products
Amount
Net Sales
(%)
(%)
Amount
(%)
Amount
(%)
Monitors for Computer use
34,881
45.0%
41,100
58.7%
+ 6,218
+ 17.8
Amusement Monitors
35,126
45.3%
21,100
30.1%
- 14,026
- 39.9
7,517
9.7%
7,800
11.2%
+ 282
+ 3.8
77,525
100.0%
70,000
100.0%
- 7,525
- 9.7
Others Total
Note: There is no change in plans for 10F announced on May 12, 2010. Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
15 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
10. Dividend （JPY / Share）
Year-end Dividend Interim Dividend Dividend Payout Ratio (Consolidated base)
120 100
229.7%
48.0%
41.0%
44.0% 36.0% 40.0% 36.0%
Annual Dividend
80
32.0% 28.0%
60
40
20.6% 17.5%
40
14.4% 11.3%
0
7.5 7.5 02F
30
9.5%
20
15
20
25
30
10
15
03F
04F
Consolidated Financial Highlights First Half Financial Results of Fiscal Year 2010
40
40
25
80
70
55 30
40
24.0%
22.6%
30
20.0%
70
25
50
40 25
16.0%
25
50 25
12.0% 8.0% 4.0% 0.0%
05F
06F
07F
08F
09F
10F Plan
16 © 2010 EIZO NANAO CORPORATION. All Rights Reserved.
