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Foreign electronics and entertainment companies, especially Japanese, have net seen their economic conditions improve in the year 2002. Demand for these consumer electronics goods have been slack, but market conditions are no longer deteriorating. These stocks are not timely and have little appeal for investors in the year 2002.

The Japanese electronics industry continues to struggle in the 1st qtr of the year 2002, in spite of efforts to improve the economy and company profits. The semiconductor industry is expected to recover, however. These stocks are not timely for the year 2002 and have limited potential.

Growth for Japanese electronics companies has been difficult in the years 2001 and 2002. However, prospects are brighter outside of Japan. These stocks are not timely for investors in the year 2002.

The lack of personal consumption has caused the Japanese electronics and entertainment industry to struggle throughout the year 2001. Japan may have to change many of its economic plans as a result. These stocks are not timely for 2001 and 2002.

Consumer electronics firms in Japan are not expected to do well in 2001, as business conditions both in Japan and abroad have eroded. The Japanese semiconductor industry is also facing the same poor economic conditions. These stocks are not timely for investors in 2001.

The operating environment for the Japanese electronic and entertainment industry in the year 2001 remains difficult with profit margins harder to sustain. Continued technological innovation is the one bright spot for this sector. Most of these stocks are untimely for the year 2001 and most investors need to be selective.

Strong semiconductor sales and good product demand for consumer electronics have helped the foreign electronics and entertainment stocks to increase their share prices. Sales prospects are good, also, due to product innovations and the improved economic outlook for Japan. Most of these issues are average or better for timeliness and some have good long-range price potential.

Stocks in the foreign electronics and entertainment industry have increased in value during the latter part of 1999 due to the improved Japanese economy and other factors. The Japanese semiconductor industry has been helped by earthquakes in Taiwan and new technology, such as digital video disk will help electronics industry earnings in 1999. Prospects for these stocks, for both the short and long terms, remain divergent, however.

Profits for most of the companies which comprise the foreign electronics and entertainment industry have been hampered by unfavorable exchange rates in 1999, but there is strength in the semiconductor area. Sales of digital video disk and similar products have resumed their upward rend after a post-holiday drop, and this is expected to continue in the future. These stocks are not timely in 1999 and have little long-term appeal for investors, except on a selective basis, for the nest three to five years.

The strong Japanese yen and British pound, along with the weak economy in Japan, have adversely affected the financial results of many foreign electronics and entertainment companies in 1998 and 1999. Legislation in the US, the divergence and obsolescence of some technologies, and changes in consumption are some of the trends that are affecting these industries as well, although there is some improvement in the semiconductor business. Investors need to be selective as these stocks are only mid-range in timeliness.

The implementation of the American Depositary Receipts (ADR) Program by Royal Bank of Scotland, Phytopharm, Grand Toys International, Fuji Photo Film, Gradipore and Mayne Group is examined.

A comparative analysis of the company sales and financial details of Fuji Photo Film Company Limited from 1988 to 2005 are illustrated. Projections of the annual total returns, revenues and the asset position of the company for 2007-2009 are made using value line estimates.