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IR info Fact Book
Capital Investment, Depreciation and R&D Expenditures
(Years ended March 31)
| (Millions of yen) | ||||||
| 2003 | 2004 | 2005 | 2006 | 2007 | ||
| Capital investment : | ||||||
| Purchases of property, plant and equipment shown as capital expenditures in the consolidated statements of cash flows | 246,603 | 275,544 | 352,203 | 356,751 | 411,309 | |
| Effect of timing difference between acquisition dates and payment dates | 4,867 | -4,253 | 22,050 | -10,932 | 7,025 | |
| 251,470 | 271,291 | 374,253 | 345,819 | 418,334 | ||
| Depreciation | 283,434 | 253,762 | 287,400 | 275,213 | 280,177 | |
| R&D expenditures | 551,019 | 579,230 | 615,524 | 564,781 | 578,087 | |
| R&D expenditures/Net sales | 7.4% | 7.7% | 7.1% | 6.3% | 6.3% | |
- The Company defines capital investment as purchases of property, plant and equipment on an accrual basis which reflects the effects of timing differences between acquisition dates and payment dates. The Company has included the information concerning capital investment because its management uses this indicator to manage its capital expenditures and it believes that such indicator is useful to investors to present accrual basis capital investments in addition to the cash basis information in the consolidated statements of cash flows. The above table shows a reconciliation of capital investment to purchases of property, plant and equipment shown as capital expenditures in the consolidated statements of cash flows.
- Depreciation does not include amortization of intangibles.