Honda 2007 Annual Report Download - page 119

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117
As of and for the year ended March 31, 2007
U.S. dollars (millions) (note2)
North Other Reconciling
Japan America Europe Asia Regions Total Items Consolidated
Net sales and other
operating revenue:
External customers $17,465 $50,849 $10,408 $08,680 $6,517 $093,919 $0000—.$093,919
Transfers between
geographic areas 22,977 1,438 1,009 2,090 240 27,754 (27,754) —
Total 40,442 52,287 11,417 10,770 6,757 121,673 (27,754) 93,919
Cost of sales, SG&A and
R&D expenses 38,509 48,418 11,146 10,116 6,145 114,334 (27,631) 86,703
Gain on transfer of the substitutional
portion of the Employees’ Pension
Funds ————— —— —
Operating income 1,933 3,869 271 654 612 7,339 (123) 7,216
Assets 25,287 57,894 8,038 7,929 3,508 102,656 (695) 101,961
Long-lived assets $08,412 $08,709 $1,679 $01,938 $0,793 $021,531 $0000—.$021,531
Explanatory notes:
1. Major countries or regions in each geographic area:
North America United States, Canada, Mexico
Europe United Kingdom, Germany,
France, Italy, Belgium
Asia Thailand, Indonesia, China, India
Other Regions Brazil, Australia
2. Operating income of each geographical region is mea-
sured in a consistent manner with consolidated operating
income, which is net income before other income, other
expenses, income tax (benefit) expense, minority interest
in income and equity in income of affiliates.
3. Assets of each geographical region are defined as total
assets, including derivative financial instruments, invest-
ments in affiliates, and deferred tax assets.
4. Sales and revenues between geographic areas are gener-
ally made at values that approximate arm’s-length prices.
5. Unallocated corporate assets, included in reconciling
items, amounted to ¥464,504 million as of March 31,
2005 , ¥354,903 million as of March 31, 2006, and
¥377,873 million ($3,201 million) as of March 31, 2007
respectively, which consist primarily of cash and cash
equivalents and marketable securities held by the
Company. Reconciling items also include elimination of
transactions between geographic areas.
22. Subsequent Event
The Board of Directors, at its meeting held on May 15, 2007,
resolved that the Company will purchase its own shares
pursuant to Article 156 of the Company Law, which applies
pursuant to Article 165, Paragraph 3, of that law. The main
purpose for the acquisition are enhancing its capital effi-
ciency and enabling greater flexibility in its capital policies.
(1) Type of shares and maximum number of shares to be
acquired:
Shares of Common Stock 10,000,000 shares
(2) Maximum amount of acquisition:
38 billion yen
(3) Period of acquisition:
Starting on May 16, 2007 and ending on June 12,
2007
(4) Method of acquisition:
Purchase through ToSTNet-2 (as a closing-price
transaction) over the Tokyo Stock Exchange
Total number and amount of shares the Company acquired
during the period were 8,204,000 shares and
¥34,128,640,000.