annual report for the year ended march 31 2004 toyo communication equipment co ltd toyocom s profile using extensive technical capacities developed in century since its founding provides systems industrial electronics radio crystal devices that respond to advanced needs contents consolidated financial highlights 1 our shareholders 2 review of operations 4 6 balance sheets 8 statements 10 equity 12 cash flows 14 notes 16 independent auditors 32 corporate data 33 domestic 34 subsidiaries 35 net sales income loss before tax and minority interests total assets per share common stock yen ratio return on 2000 86 297 326 141 38 663 104 136 20 29 687 47 37 3 2001 91 441 652 232 963 112 257 39 68 639 41 0 2002 61 809 307 686 305 89 560 118 87 521 08 7 millions except figures 2003 55 907 502 874
