IR Library

Financial Highlights

Japanese

Summary of Operations

(In Millions of Yen)

Years ended March 31

  FY2016 FY2017 FY2018
Net sales 449,630 386,682 365,417
Operating income 7,304 4,167 1,194
Ordinary income (loss) 7,250 2,966 (3,121)
Net income (loss) attributable to
owners of Pioneer Corporation
731 (5,054) (7,123)
Total assets 298,012 281,786 287,510
Total equity 90,486 86,789 84,934
Equity ratio (%) 28.7 29.3 28.0
Net income (loss) per share (yen) 1.99 (13.76) (19.12)
Total equity per share (yen) 233.32 224.72 212.84
Inventories 52,837 49,821 50,133
Capital expenditures 30,442 35,209 31,008
Depreciation and amortization 27,122 24,938 20,589
R&D expenses 24,804 23,863 25,852
R&D expenses to net sales (%) 5.5 6.2 7.1
Cash flows from operating activities 19,292 19,614 15,943
Cash flows from investing activities (20,083) (34,009) (33,158)
Cash flows from financing activities 3,408 1,446 14,264
Cash and cash equivalents at end of year 51,993 38,405 35,634
Borrowings 37,328 39,292 50,078
D/E ratio (times) 0.4 0.5 0.6
ROA (%) 0.2 (1.7) (2.5)
ROE (%) 0.8 (6.0) (8.7)
Return on sales (%) 0.2 (1.3) (1.9)
Total assets turnover ratio (times) 1.4 1.3 1.3
Average foreign exchange rate - US$ (yen) 120.14 108.38 110.85
Average foreign exchange rate - euro (yen) 132.58 118.79 129.70
Number of employees 17,046 16,763 16,798

Segment Information

(In Millions of Yen)

Net sales:

  FY2016 FY2017 FY2018
Car Electronics 357,842 312,489 299,324
Others 91,788 74,193 66,093
Consolidated 449,630 386,682 365,417

Operating income (loss):

  FY2016 FY2017 FY2018
Car Electronics 8,581 6,051 1,067
Others (144) (780) 383
Reconciliations (1,133) (1,104) (256)
Consolidated 7,304 4,167 1,194
Notes:
  1. From fiscal 2017, map software, previously classified in “Others” segment, is reclassified in “Car Electronics” segment. Figures for the previous year have been reclassified accordingly.
  2. On March 31, 2017, cable TV system-related equipment business was transferred.