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(1) Industry Segment
The Group's operations are divided into six principal business
segments: Iron and Steel, Aluminum and Copper, Machinery, Electronics and
Information, Real Estate, and Other Businesses. Business segment
information was as follows: |
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Eliminating Unrealized Gains and Losses
As described in Note 2 (1) the Company changed its method of
eliminating unrealized gains and losses. The effect of this change on
segment operating income was to increase "Iron and Steel" by 11 million
yen ($104 thousand), to decrease "Aluminum and Copper" by 5 million yen
($47 thousand), to decrease "Machinery" by 11 million yen ($104 thousand),
to increase "Electronics and Information" by 1 million yen ($9 thousand)
and to increase "Real Estate" by 1,364 million yen ($12,850 thousand).
Segment change
The segment to which each subsidiary belonged was determined by the
business each subsidiary was carrying on through the year ended March 31,
1999.
Commencing April 1, 1999, the Company changed the method of
determining the segment of each subsidiary to the "Internal Company" to
which it belongs. Also the real estate business, which had been included
in "Other Businesses" through the year ended March 31, 1999, is now listed
separately as "Real Estate", combined with the urban development business
which had been included in "Machinery", because the real estate business
has grown in significance due to the effect of newly consolidated
subsidiaries. The amounts for the previous year "1999" in the above table
were reclassified. Unreclassified amounts for the previous year "1999"
were as follows: |
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Research and Development Expenses
As described in Note 2 (7), in the year ended March 31, 1999, the
Company and certain domestic subsidiaries changed their method of
accounting for expenses in respect of the development of new products and
research into and application of new technologies. The effect of this
change on segment information is to decrease operating costs and expenses
of "Iron and Steel" by 209 million yen, "Aluminum and Copper" by 95
million yen, "Machinery" by 219 million yen and "Electronics and
Information" by 9 million yen, respectively. As a result, the respective
amounts of operating income were increased.
Employees' Retirement Benefits
As described in Note 2 (10), in the year ended March 31, 1999, the
Company reduced the assumed rate of return on fund assets and reduced the
rate of benefits to employees. The Company also changed its funding method
from a full year contribution in March of each year to monthly funding.
The effect of this change on segment information was to decrease operating
costs and expenses of "Iron and Steel" by 391 million yen, "Aluminum and
Copper" by 131 million yen, Machinery by 195 million yen and "Electronics
and Information" by 12 million yen, respectively for the year ended March
31, 1999. As a result, the respective amounts of operating income were
increased. |
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Eliminating Unrealized Gains and Losses
As described in Note 2 (1) the Company changed the method of
eliminating unrealized gains and losses. The effect of this change on
segment operating income was to increase "Japan" by 1,363 million yen
($12,840 thousand), and to decrease operating income of "Asia" 5 million
yen ($47 thousand).
Research and Development Expenses
As described in Note 2 (7) in the year ended March 31, 1999, the
Company and certain domestic subsidiaries changed their method of
accounting for expenses in respect of development of new products and
research into and application of new technologies. The effect of this
change on segment information for the year ended March 31, 1999 was to
decrease operating costs and expenses of "Japan" by 532 million yen and
increase operating income by the same amount.
Employees' Retirement Benefits
As described in Note 2 (10) in the year ended March 31, 1999, the
Company reduced the assumed rate of return on fund assets and reduced the
rate of benefits to employees. The Company also changed its funding method
from a full year contribution in March of each year to monthly funding.
The effect of this change on segment information was to decrease operating
costs and expenses of "Japan" by 729 million yen and increase operating
income by the same amount for the year ended March 31,
1999. |
| Principal countries and areas in each segment are: |
| Asia...................... |
Singapore, Malaysia, Thailand, South Korea, Hong Kong |
| North America.......... |
United States, Canada |
| Other areas.............. |
Netherlands, Australia, Switzerland, United Kingdom,
Venezuela |
| Corporate assets of 319,268 million yen ($3,007,706 thousand) and
259,309 million yen at March 31, 2000 and 1999, respectively, are
comprised principally of bank and time deposits and assets of
administration departments of the Company. |
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(3)Overseas Sales
Overseas sales for the years ended March 31, 2000 and 1999 were as
follows: |
| Overseas sales consisted of export sales of the Company and domestic
consolidated subsidiaries, and sales of overseas consolidated subsidiaries
excluding sales to Japan. |
| Principal countries and areas in each segment are: |
| Asia...................... |
China, Taiwan, South Korea, Malaysia, Indonesia |
| North America.......... |
United States, Canada |
| Other areas.............. |
Venezuela, Australia | |
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