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Financial Information: Segment Information

Overview of reportable segments

The reportable segments for the Group's oil and natural gas development activities are composed of individual mining area and others for which separate financial information is available in order for the Board of Directors to make Group management decisions.
Since the Group operates oil and natural gas businesses globally, the Group's reportable segments are the mining areas and others by geographical region, categorized in "Japan", "Asia & Oceania" (mainly Indonesia, Australia and East Timor), "Eurasia (Europe & NIS)" (mainly Azerbaijan and Kazakhstan), "Middle East & Africa" (mainly UAE) and "Americas."
The Company produces oil and natural gas in each segment. In addition, the Company conducts purchasing and marketing activities for natural gas and petroleum products and others in "Japan" segment.

Information on sales and income (loss), identifiable assets, and other items by reportable segment

↓This table is scrollable horizontally.

2019/3
(Millions of yen)
  Reportable segments Adjustments
(*1)
Consolidated
(*2)
Japan Asia &
Oceania
Eurasia
(Europe & NIS)
Middle East &
Africa
Americas Total
Net sales                
(1) Sales to third parties 140,311 91,630 116,718 614,420 8,308 971,388 971,388
(2) Intercompany sales and
transfers between segments
4,810 4,810 (4,810)
Total 140,311 96,440 116,718 614,420 8,308 976,199 (4,810) 971,388
Segment income (loss) 29,210 27,336 31,405 412,064 (8,751) 491,264 (16,983) 474,281
Segment assets 291,284 2,971,494 600,987 530,432 42,317 4,436,516 357,029 4,793,545
Other items                
Depreciation and amortization 17,561 34,134 7,092 38,769 7,957 105,515 1,384 106,899
Amortization of goodwill (192) (192) 6,952 6,760
Investment to affiliates accounted
for by the equity method
1,921 301,699 8,117 22,771 334,511 1,473 335,984
Increase of tangible fixed assets
and intangible assets
3,865 241,755 6,388 61,437 3,476 316,924 777 317,701
Note: 1.
  1. Adjustments of segment income of ¥(16,983) million include elimination of inter-segment transactions of ¥13 million and corporate expenses of ¥(16,996) million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportable segment.
  2. Adjustments of segment assets of ¥357,029 million include elimination of inter-segment transactions of ¥(1) million and corporate assets of ¥357,030 million. Corporate assets are mainly goodwill, cash and deposits, investment securities and assets concerned with the administrative divisions that are not allocated to a reportable segment.
  3. Adjustments of depreciation and amortization of ¥1,384 million consist mainly of depreciation of corporate assets.
  4. Adjustments of amortization of goodwill of ¥6,952 million consist of amortization of goodwill not attributable to a reportable segment.
  5. Adjustments of investment to affiliates accounted for by the equity method of ¥1,473 million consist of investment to affiliates accounted for by the equity method not attributable to a reportable segment.
  6. Adjustments of increase of tangible fixed assets and intangible assets of ¥777 million consist mainly of capital expenditure to corporate assets.
Note: 2.
Segment income is reconciled with operating income on the consolidated statement of income.

↓This table is scrollable horizontally.

2018/3
(Millions of yen)
  Reportable segments Adjustments
(*1)
Consolidated
(*2)
Japan Asia &
Oceania
Eurasia
(Europe & NIS)
Middle East &
Africa
Americas Total
Net sales                
(1) Sales to third parties 120,059 148,836 88,597 565,243 10,964 933,701 933,701
(2) Intercompany sales and
transfers between segments
Total 120,059 148,836 88,597 565,243 10,964 933,701 933,701
Segment income (loss) 25,256 28,405 21,395 305,055 (10,656) 369,456 (12,093) 357,363
Segment assets 303,133 2,342,417 619,794 511,036 57,186 3,833,568 418,818 4,252,386
Other items                
Depreciation and amortization 17,941 14,053 9,691 36,892 12,900 91,480 1,325 92,805
Amortization of goodwill (192) (192) 6,952 6,760
Investment to affiliates accounted
for by the equity method
1,980 237,959 915 31,712 272,567 298 272,866
Increase of tangible fixed assets
and intangible assets
2,975 228,823 7,040 149,217 1,785 389,841 1,065 390,906
Note: 1.
  1. Adjustments of segment income of ¥(12,093) million include elimination of inter-segment transactions of ¥17 million and corporate expenses of ¥(12,110) million. Corporate expenses are mainly amortization of goodwill and general administrative expenses that are not allocated to a reportable segment.
  2. Adjustments of segment assets of ¥418,818 million include elimination of inter-segment transactions of ¥(2) million and corporate assets of ¥418,820 million. Corporate assets are mainly goodwill, cash and deposits, investment securities and assets concerned with the administrative divisions that are not allocated to a reportable segment.
  3. Adjustments of depreciation and amortization of ¥1,325 million consist mainly of depreciation of corporate assets.
  4. Adjustments of amortization of goodwill of ¥6,952 million consist of amortization of goodwill not attributable to a reportable segment.
  5. Adjustments of investment to affiliates accounted for by the equity method of ¥298 million consist of investment to affiliates accounted for by the equity method not attributable to a reportable segment.
  6. Adjustments of increase of tangible fixed assets and intangible assets of ¥1,065 million consist mainly of capital expenditure to corporate assets.
Note: 2.
Segment income is reconciled with operating income on the consolidated statement of income.

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