1. No category

Business Report
Apr. 2014 to Mar. 2015
(FY 03/2015)
Wacom Co., Ltd.
(TSE Sec.1 6727)
Contents Index
3-4
5-6
7-8
9
10
11-18
19-21
22-24
25-26
27-30
31-32
33-39
40-41
42-44
45
FY 03/15 Results Overview
Consolidated P/L by Business Line
Consolidated Sales/Profit Comparison
Operating Expenses Comparison
Business Categories
Business Highlights
Sales by Product Line
Sales by Region, Sales Changes for Local Currencies
Consolidated B/S, C/F
FY 03/16 Basic Policy, Business Strategies, and Business Segment
Assumptions for FY 03/16 Forecast
Forecast of Results for FY 03/16
Dividend Forecast for FY 03/16, Dividends per Share
Our Branding
Disclaimer
All Rights Reserved. Copyright © 2015 Wacom Co., Ltd.
2
FY03/15 Results Overview
Operating environment

Global economy recovery continued led by economic expansion in the U.S. Japan saw a steady
economic recovery after a consumption tax rise triggered a slowdown. On the other hand, there were
concerns of a slowdown in the Eurozone due to the Russia-Ukraine conflict. The JPY was weaker
than the previous fiscal year.
 As cloud computing, mobile products, and SNS rapidly expand, the IT industry faces intensified
competition and structural change. The market trends surrounding the company are changing rapidly.
Performance overview

In Brand product Business, sales grew steadily and marked a record high for the whole fiscal period
owing to expansion in the Vertical Market Business, sales growth of our mobile products, and
favorable sales in Asian markets as well as successful global holiday campaigns.
 In Comp. Business, sales for smartphones showed rapid recovery in 3Q from a stagnation caused
by the delay in mass production of customers’ new products. However, this decelerated rapidly in
March. Sales for tablet devices decreased substantially due to declining orders in major customer
models. As a result, overall sales decreased YOY.
 OP and NP declined compared to the previous fiscal year due to the decrease in sales, the
increase in investment for IT infrastructure, and extraordinary loss.
 Dividend per share was JPY 18.00, the payout ratio was 86.3% for FY 03/15 (JPY 17.50, 55.9% for
FY 03/14).
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3
FY03/15 Results Overview Financial Summary
(JPY)
(For reference)
Business Performance
FY03/15
YOY
Sales
74.56 bn
-5.2％
Operating Profit
6.14 bn
-29.1％
Recurring Profit
6.07 bn
-26.8％
Net Profit aft. Tax
3.47 bn
-33.8％
Financial Indices
FY03/15
FY03/14
EPS
20.86 JPY
31.31 JPY
BPS (Book Value per Share)
202 JPY
196 JPY
ROE
10.5%
17.0%
Average Forex rate
FY03/15
YOY
1 USD
110.03 JPY
+10.0% (Weak JPY)
1 EURO
138.68 JPY
+3.5% (Weak JPY)
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4
Consolidated P/L
(Unit: Million JPY)
FY 03/14
FY 03/15
04/13-03/14
04/14-03/15
YOY Change
Amount
Ratio
Sales
78,615
74,557
-4,058
-5.2%
Gross Profit
29,931
30,050
119
0.4%
38.1%
40.3%
21,268
23,908
2,640
12.4%
Operating Profit
8,663
6,143
-2,520
-29.1%
OPM
11.0%
8.2%
Recurring Profit
8,282
6,065
-2,218
-26.8%
Net Profit aft. Tax
5,249
3,473
-1,776
-33.8%
GPM
SG&A
•
Effects of Forex exchange for FY：Stronger dollar (10.03 JPY) Sales +4,710 mil, OP +50 mil
Stronger Euro (8.37 JPY) Sales +490 mil, OP +320 mil
• Extraordinary loss：Business structure improvement expenses 167 mil
Loss on sales of noncurrent assets (company-owned houses) 461 mil:
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5
Consolidated P/L by Business Line
Sales
FY 03/14
3Q FY 03/15
04/13-03/14
04/14-03/15
(Unit: Million JPY)
YOY Change
Amount
Ratio
78,615
74,557
-4,058
-5.2%
Brand Product biz
38,960
43,625
4,665
12.0%
Component Biz
39,002
30,277
-8,725
-22.4%
653
655
2
0.2%
8,663
6,143
-2,520
-29.1%
Brand Product biz
5,214
5,965
751
14.4%
Component Biz
6,667
4,642
-2,025
-30.4%
123
55
-68
-55.0%
-3,340
-4,519
-1,179
35.3%
11.0%
8.2%
Other biz
Operating Profit
Other biz
Corp. and others
OPM
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6
Consolidated Sales Comparison
(Unit: Million JPY)
-5.2%
78,615
80,000
74,557
653
Change
Ratio
655
70,000
60,000
30,277
39,002
+0.2%
50,000
-22.4%
40,000
+12.0%
30,000
38,960
43,625
FY 03/14
FY 03/15
20,000
10,000
0
Brand Product biz
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Component biz
Other biz
7
Consolidated Profit Comparison
(Unit: Million JPY)
-29.1%
9,000
8,000
-26.8%
8,663
8,282
7,000
-33.8%
6,000
6,143
5,000
6,065
5,249
4,000
3,473
3,000
2,000
1,000
0
FY 03/14
Operating Profit
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FY 03/15
Recurring Profit
Net Profit
8
Operating Expenses Comparison
(Unit: Million JPY)
FY 03/14
FY 03/15
04/13-03/14
04/14-03/15
YOY Change
Amount
Ratio
Personnel
7,271
8,541
1,270
17.5%
R&D
2,863
3,180
317
11.1%
Ad. & Promo.
3,541
3,333
-208
-5.9%
Others
7,593
8,853
1,260
16.6%
Total
21,268
23,908
2,640
12.4%
SG&A Ratio
27.1%
32.1%
Key changes in increases
 Expenses for next-generation global IT infrastructure (refer to the next page)
 Increase in the number of employees FY 03/14 1,036
FY 03/15 1,072
 Others including office relocation, travel expenses, and cost originated with IT investment.
 SG&A increased by 930 mil due to higher costs at subsidiaries from forex changes.
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9
Operating Expenses Comparison
Expenses for major projects
Reconstruction of
global SCM structure
(Unit: Million JPY)
FY 03/14
FY 03/15
YOY Change
04/13-04/14
04/14-03/15
Amount
304
1,603
1,299
85
282
197
0
63
63
389
1,948
1,559
Global HR Project
WILL Project
Total

Reconstruction of global SCM (supply chain management) structure



Global HR project


Support of e-commerce and centralization of ordering system, production management, and logistics
management for all Wacom groups
Promotion of rapid decision-making by real-time information sharing and global ERP system integration
Transition to a global organization by business category and integration of human resource management
system
WILL (Wacom Ink Layer Language) project

Establishment of digital ink standard and expansion of the ink application
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10
Business Highlights:
(Unit: JPY)
Brand Product Business 43.63 bn
Creative Business
Pen Tablet
36.48 bn
21.98 bn
+12.0%
+9.4%
+6.4%

Intuos Pro was well received for its high value-added features
for professional use, and maintained stable sales especially in
Europe, U.S. and Asia.

Intuos (former Bamboo tablet) showed a recovery from brand
confusion and favorable sales owing to global holiday
campaigns.

Local initiatives drove the expansion of the emerging market
model sales from China to India, etc.

The situation in Russia and Ukraine had a negative impact on
sales in both countires.
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Emerging market
model (One)
11
Business Highlights:
(Unit: JPY)
Brand Product Business
Creative Business
Mobile
companion 2
3.91 bn
+36.2%

Cintiq Companion and Cintiq Companion Hybrid, Wacom’s first
mobile tablet product maintained steady sales owing to their solid
reputation, but fell short of target.

Launched the next generation Cintiq Companion 2 in February,
which was highly appraised for its QHD display and light body.

Launched Inutos Creative Stylus 2 for iPads in September. Gained
a positive reputation, which contributed to a sales increase.
companion
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companion hybrid
12
Business Highlights:
(Unit: JPY)
27 QHD
Brand Product Business
Creative Business
Display
27 QHD touch
10.59 bn
+8.1%

Cintiq 22HD contributed steadily to sales expansion. On the
other hand, Cintiq 13HD lost sales momentum after two years
since its release and sales of Cintiq 24HD also stagnated in the
fourth year after being launched.

Launched large-sized Cintiq 27 QHD in February, which gained
a positive reputation for its high-definition display and full glass
screen as our flagship model for professional use.
13HD touch
13HD
22HD touch
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13
Business Highlights:
(Unit: JPY)
Brand Product Business
Consumer
1.55 bn
-8.1%

Sales of existing stylus products were impacted by
intensifying price-based competition. Bamboo Pad, a wireless
touch pad for PCs also showed a sales slowdown.

Launched Bamboo Stylus fineline for iPads with advanced
1.9mm thin tip in September, which contributed to sales. The
pen creates the natural writing experience of pen on paper.

The 3rd generation Bamboo Stylus solo & Bamboo Stylus
duo were released, which contributed to sales increase
thanks to their unique carbon fiber nibs and premium design.

Launched Wacom Cloud services.
Wacom Cloud
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Dropzone
14
Business Highlights:
(Unit: JPY)
Brand Product Business
Vertical Market Business
5.59 bn
+42.1%

Demand for paperless workflow and improved data security
continued to grow globally.

Adoption of the STU series, signature pen tablets, expanded in
credit card transaction and counter services in the financial
sector. The light-weight STU-530 and STU-430 showed
favorable sales.

STU Series
DTU-1031 for counter services contributed to sales. Launched
DTU-1141 with encryption processing function in March.
DTU-1141
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DTU-1031
DTH-2242
15
Business Highlights:
(Unit: JPY)
Component Business
Pen Sensor System
for Smartphones

30.27 bn
18.33 bn
-22.4%
4
Edge
-17.4%
Sales showed a rapid recovery in 3Q owing to favorable shipments
for Samsung’s Galaxy Note 4, which had stagnated due to the
delay in mass production. However, its sales decelerated rapidly in
March.
Pen Sensor System
for Tablets

Smartphone models
8.54 bn
-23.0%
Tablet models
Pen adoption for Windows tablets and for educational tablets
have both expanded. However, sales decreased substantially
due to declining shipments in major customer models such as
Samsung.
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16
Business Highlights:
(Unit: JPY)
Notebook PC models
Component Business
Pen Sensor System
for Notebook PCs

3.40 bn
-40.4%
Along with the model shift from notebook PCs to tablets with
removable keyboards, demand for pens also shifted to tablets.
Due to the influence of manufacturer model transitions, our
sales decreased.
Development of Active ES (Electrostatics) Pen Technology

To meet diversifying customer needs for pen technology solutions, Active ES Pen Technology
was developed based on Wacom’s original technology, and began mass production of
customers’ new models.

By incorporating both multi-touch and pen input functions into the touch panel, we eliminated
the need for a dedicated pen sensor board and achieved a low cost solution.

Newly developed one chip controller enables high performance pen functions.
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17
Business Highlights:
Other Business
CAD software and others
(Unit: JPY)
0.66 bn
+0.2%
0.66 bn
+0.2%

Replacement demand contributed to steady sales.

Along with the sales of major product ECAD dio 2015, we have developed a new product
with key functions targeted toward machinery and robotics.
F&A (Corporate)

Continued to invest in business infrastructure for growth and operational efficiency.
Major projects include development of global SCM system infrastructure for ecommerce, Global HR system, etc.

Developed WILL (Wacom Ink Layer Language) as a new framework to standardize
digital ink, and started partnership development activities.

Shifted the regional-based organization to a global and customer segment-based one.
The new organization started in April, 2015.
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18
Sales by Product Line in Brand Product
+12.0%
(Unit: Million JPY)
45,000
40,000
38,960
30,000
Change
Ratio
5,591
1,554
3,935
1,691
35,000
43,625
42.1%
10,590
-8.1%
3,909
8.1%
9,799
25,000
Creative
biz
36,480
+9.4%
20,000 Creative
biz
15,000 33,334
2,871
10,000
20,664
21,981
FY 03/14
FY 03/15
36.2%
9.4%
5,000
0
Creative・Pen tablet
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Creative・Mobile
Creative・Display
Consumer
VM
19
Sales by Product Line in Component
(Unit: Million JPY)
40,000
39,002
35,000
5,716
-22.4%
Change
Ratio
30,277
30,000
11,096
3,404
-40.4%
8,542
-23.0%
25,000
20,000
-17.4%
15,000
10,000
22,190
18,331
5,000
0
FY 03/14
Pen for Smartphone
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FY 03/15
Pen for Tablet
Pen for Notebook PC, etc.
20
Quarterly Trend by Product Line
(Unit: Million JPY)
24,954
25,000
23,389
20,786
19,188 19,138
20,000
19,026
18,342
17,592
15,414
15,000
10,000
13,669
12,684
10,058
5,000
0
12/4-6
Professional
12/7-9
Creative
12/10-12
13/1-3
13/4-6
13/7-9
Consumer(Bamboo tablet, etc.)
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13/10-12
14/1-3
Consumer(Stylus, etc.)
14/4-6
14/7-9
Business(VM)
14/10-12
Comp.
15/1-3
CAD, etc.
21
Sales by Region
-5.2%
(Unit: Million JPY)
78,615
80,000
74,557
Change
Ratio
8,702
26.6%
14,532
14.7%
6,874
70,000
12,668
60,000
( 12.6%)
12,493
50,000
40,000
11.4%
13,914
7,578
( 1.0%)
7,132
30,000
20,000
-5.9%
-22.4%
39,002
30,277
10,000
( ) % growth based
on local currency
0
FY 03/14
Comp.
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Japan
FY 03/15
U.S.
Germany
Asia Oceania
(Note) There are no regional segments in the Component business.
22
Sales Changes for Local Currencies
Region
Currency
YOY
Change Ratio
Japan
JPY
-6.5％
U.S.
USD
1.0％
Europe
EUR
12.6％
China
CNY
17.5％
Korea
KRW
15.9％
Australia
AUD
-6.9％
Singapore
USD
-4.5％
Hong Kong
USD
-11.7％
(excluding Component biz)
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23
Quarterly Trend by Region
(Unit: Million JPY)
24,954
25,000
23,389
20,786
19,188 19,138
20,000
19,026
18,342
17,592
15,414
15,000
13,669
12,684
10,058
10,000
5,000
0
12/4-6
12/7-9
12/10-12
13/1-3
Comp.
13/4-6
Japan
13/7-9
U.S.
13/10-12
14/1-3
Germany
14/4-6
14/7-9
14/10-12
15/1-3
Asia Oceania
(Note) There are no regional segments in the Component business.
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24
Consolidated B/S
End of Mar.
2014
(Unit: Million JPY)
End of Mar.
2014
Assets
Change
・ Increase in intangible fixed assets
(increase in software suspense account for
global IT infrastructure, etc.)
Current Assets
40,073
40,188
114
Noncurrent Assets
10,786
11,269
484
Total Assets
50,859
51,457
598
・ Decrease in notes and accounts
receivable-trade
16,239
15,880
-359
(sales decrease in Component biz)
1,820
1,718
-103
18,060
17,598
-462
0
0
0
Net Assets
32,799
33,859
1,060
Total Liabilities
and Net Assets
50,859
51,457
598
Equity Ratio
64.2%
Current Liabilities
Noncurrent Liabilities
Total Liabilities
Minority Interest in
Subsidiaries
2,220
・ Increase in cash and cash equivalents 1,293
(operating cash-flow increase)
-1,445
・ Decrease in investment and other assets
(sales of investment securities)
-1,013
Liabilities
・ Decrease in income tax payable
・ Increase in accrued expenses
-1,315
610
Net Assets
・ Increase in shareholders’ equity
679
(03/14 31,939 ⇒ 03/15 32,618)
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65.4%
1.2%
25
Consolidated C/F
(Unit: Million JPY)
FY 03/14
FY 03/15
04/13
-03/14
04/14
-03/15
YoY
Change
Amount
C/F from operating
activities
734
6,782
6,048
C/F from investing
activities
-4,416
-3,278
1,138
C/F from financing
activities
-3,255
-2,850
406
Effect of change in
exchange rate
735
638
-97
Increase-decrease of
cash & cash equivalent
-6,202
1,293
7,495
Beginning balance of
cash & cash equivalent
21,596
15,394
-6,202
Ending balance of cash
and cash equivalent
15,394
16,687
1,293
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Major Activities in FY03/15
C/F from operating activities
・ Net profit before tax
5,107
・ Increase in depreciation
1,970
・ Decrease in notes and accounts
receivable-trade
1,804
・ Income tax paid
-2,457
C/F from investing activities
・ Purchase of fixed assets
-3,338
(global IT infrastructure, etc.)
C/F from financing activities
・ Cash dividends paid
-2,904
26
FY 03/2016
Basic Policy and
Business Focus
Business Environment for FY 03/16

Despite some uncertainties, the global economy is expected to maintain a
recovery trend, led by US economic expansion, financial policies in major
countries and low oil price. While Asian countries are expected to maintain
their growth rate, the LATAM region is expected to show no growth.

The creative market is expected to continue to expand with acceleration in the
mobile product category, 3D design and 3D printing evolution in advanced
countries and digital design expansion in emerging markets.
 In the UI field, Pen & Ink is expected to gain momentum as the need for
personal digital contents increases among mobile consumers.
 Integration of Consumer stylus, application and starts to offer new user values.

Mobile workflow and security will become critical in enterprise markets, and
digital signature is expected to expand to the mobile space.

Wearables will start creating a new ecosystem for our products.
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28
Basic Strategies and Initiatives

Drive growth through the new user-centric global business unit.
 Integrate branding, marketing and sales for higher customer value.
 Extend mobile product offers and reach new users in 3D and emerging markets
 Create a new digital stationery category by integrating hardware, software and
Cloud.
 Establish fully-integrated global business infrastructure.
 Establish AES and WILL as the global digital pen and ink standard.
 Build a new framework for future innovations in technology and products.
 Enhance corporate governance and processes for improving corporate value.
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29
Business Segment by User Category
Creative business

Brand Product
Business
Serves the passion of professional and consumer creativity
 Intuos, Intuos Pro, Cintiq Companion, Cintiq
Consumer business


Makes daily lives more creative and enjoyable
Bamboo Stylus, Bamboo Pad, etc.
Business solution


Serves society by providing innovative solutions
STU (Signature Tablet), DT (Display Tablet) series, etc.
Platform &
application

Provides
technology,
apps and
platforms
 WILL,
Bamboo
Paper,
Sign&
Save
Technology Solution Business


UI technology solutions for mobile systems
EMR, AES Components & modules (feelTM)
Other Business
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Engineering solution ・ECAD dio
30
Assumptions for FY 03/16 Forecast

Market demand based on review (mid-April, 2015)
(Note) Due to risks and uncertainties involved in the forecast of market and customer trends of the
Technology Solution business (former Component Business), forward-looking statements may
materially differ from actual results in the short-term.
• Forex rate assumptions for FY 03/16
1USD = 110 JPY （YOY +0.03 JPY, week JPY）
1EURO = 130 JPY （YOY -8.68 JPY, strong JPY）
 Forex exchange sensitivity: 12-month forecast
(Unit: Million JPY)
Currencies
USD
EURO
Unit of sensitivity
JPY 1
JPY 1
Sales
550
120
Operating Profit
0
90
＊A stronger yen has a negative effect while a weaker yen has a positive effect.
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31
Assumptions for FY 03/16 Forecast
Capital expenditure
5.20 bn (YOY +27.4％)
• Key items: IT systems to form global organizations and molds, etc
Depreciation
2.50 bn (YOY 26.9％)
R&D expense
4.00 bn (YOY 25.8％)
• Key items: Development of new products in Brand business, development
of next generation ICs, and basic technology research, etc.
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32
Summary for FY 03/16 Forecast
(Unit: Million JPY)
1H FY 03/15
1H FY 03/16
04/14-09/14
04/15-09/15
Sales
32,011
34,800
OP
1,826
5.7%
0
0.0%
RP
1,761
5.5%
-50
-0.1%
NP
1,147
3.6%
-50
-0.1%
• We forecast an operating loss
in Q1 but expect OP to breakGrowth rate
even in 1H due to the
increase of SG&A, including
8.7%
expenses for the launch of
-100%
new IT infrastructure and
R&D costs, which will raise
-102.8%
the SG&A ratio.
-104.4%
YOY
FY 3/15
FY 3/16
YOY
04/14-03/15
04/15-03/16
Growth rate
Sales
74,557
12.7%
OP
6,143
8.2%
5,500
6.5%
-10.5%
RP
6,065
8.1%
5,350
6.4%
-11.8%
NP
3,473
4.7%
3,530
4.2%
1.6%
ROE
10.5%
84,000
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10.4%
-0.1%
• We forecast an YOY growth of
OP in 2H owing to higher sales
in both Brand and Technology
Solution businesses driven by
new products and business
seasonality.
• We forecast NP to stay at the
same level as the previous
fiscal year since we are not
currently expecting any
extraordinary losses or gains. 33
Forecast of Results by Business Segment
(Unit: Million JPY)
FY 3/15
(actual)
FY 3/16
(forecast)
04/14-03/15
04/15-03/16
YOY Change
Amount
Ratio
74,557
84,000
9,443
12.7%
Brand Product biz
43,625
50,300
6,675
15.3%
Tech. Solution Biz
30,277
33,000
2,723
9.0%
655
700
45
6.9%
6,143
5,500
-643
-10.5%
Brand Product biz
5,965
9,280
3,315
55.6%
Tech. Solution Biz
4,642
4,570
-72
-1.5%
55
60
5
8.8%
-4,519
-8,410
-3,891
86.1%
8.2%
6.5%
Sales
Other biz
Operating Profit
Other biz
Corp. and others
OPM
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34
Forecast of Results by Business Segment

The Brand Product business expects the growth in both Sales and Profit with
planned new product launches as well as contribution of the products
launched during FY32. And, it also reflects the reassignment of OP items
between Business Unit and Corporate Functions due to the global
organizational changes.

The Technology Solutions business forecasts sales recovery as smartphone
segment demand at the same level as FY32 and Tablet market expands with
Active ES pen technology shipment. Profitability stays at he level of the
previous fiscal year with higher price pressure across the categories.

Corporate functions expects 2.5B JPY OP increase including 700MJPY
increase due to the start of depreciation of new global IT infrastructure and
related expenses, reassignment of OP items between the Branded Product
business and Corporate functions.
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35
Sales Forecast by Business Segment
12.7%
(Unit: Million JPY)
84,000
90,000
80,000
700
74,557
Change
Ratio
655
70,000
33,000
60,000
+6.9%
30,277
50,000
+9.0%
40,000
+15.3%
30,000
43,625
20,000
50,300
10,000
0
FY 03/15 (actual)
Brand Product biz
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FY 03/16 (forecast)
Tech. Solution biz
Other biz
36
Sales Forecast by Product line in Brand Product
+15.3%
(Unit: Million JPY)
50,000
45,000
6,900
5,591
1,554
2,300
23.4%
12,400
48.0%
35,000
10,590
25,000
Creative
biz
41,100
+12.7%
3,909
Creative
biz
20,000
34,480
15,000
10,000
Change
Ratio
43,6250
40,000
30,000
50,300
5,400
17.1%
38.1%
6.0%
21,981
23,300
FY 03/15 (actual)
FY 03/16 (forecast)
5,000
0
Creative・Pen tablet
Consumer
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Creative・Mobile
Business Solution
Creative・Display
37
Sales Forecast by Product line in Tech. Solution
9.0%
(Unit: Million JPY)
33,000
35,000
30,277
30,000
4,000
3,404
25,000
10,500
8,542
Change
Ratio
17.5%
20,000
22.9%
15,000
0.9%
10,000
18,331
18,500
FY 03/15 (actual)
FY 03/16 (forecast)
5,000
0
Pen for Smartphone
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Pen for Tablet
Pen for Notebook PC, etc.
38
Sales Forecast by Region
12.7%
(Unit: Million JPY)
84,000
90,000
80,000
74,557
70,000
8,702
60,000
11,070
Change
Ratio
27.2%
15,420
6.1%
16,550
18.9%
7,960
11.6%
14,532
50,000
13,914
40,000
7,132
30,000
9.0%
20,000
30,277
33,000
FY 03/15 (actual)
FY 03/16 (forecast)
10,000
0
Comp.
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Japan
U.S.
Germany
Asia Oceania
(Note) There are no regional segments in the Component business.
39
Dividend Forecast for FY 03/16
Dividend policy


Continue steady dividend payout to shareholders while maintaining a
stable financial base necessary for future business development.
Target payout ratio maintains approximately 40% or more to attract
global investment.
Dividend per share

JPY 18.00 per share for FY 03/16 (JPY 18.00 for FY 03/15)
 Payout ratio 85.0% (86.3% for FY 03/15)
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40
Dividends per Share
86.3%
55.9%
54.9%
(Unit: JPY)
85.0% (Forecast)
37.7%
20.00
17.50
18.00
17.50
18.00 (Forecast)
Payout ratio
15.00
12.50
Special
dividend per
share
11.25
10.00
Ordinay
dividend per
share
7.50
7.50
5.00
2.50
0.00
FY 03/12
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FY 03/13
FY 03/14
FY 03/15
FY 03/16 (Forecast)
41
our vision
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42
our mission
All Rights Reserved. Copyright © 2015 Wacom Co., Ltd.
43
our brand
All Rights Reserved. Copyright © 2015 Wacom Co., Ltd.
44
Disclaimer
Forward-looking statements regarding future events and
performance contained in this presentation are based on currently
available information and involve risks and uncertainties, including
macroeconomic conditions, trends of the industry in which the
company is engaged and progress in new technologies. Please
note that actual results could materially differ from those expressed
or implied by the forward-looking statements in this presentation
due to these risks and uncertainties.
Wacom Co., Ltd.
http://www.wacom.com
Investor Relations Inquiries
TEL: +81-3-5337-6502 FAX: +81-3-5337-6519
Wacom Co., Ltd.
Sumitomo Fudosan Shinjuku Grand Tower 31F,
8-17-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo
160-6131, Japan