Konica Minolta 2014 Annual Report Download - page 65

(3) Overview of Merging Companies
(Fiscal year ended March 31, 2014 (non-consolidated))
i) Trade name Konica Minolta Business Technologies, Inc.
ii) Description
of business
Manufacturing and sale of multi-functional
peripherals (MFP), printers, and equipment
for production printing systems and graphic
arts, and providing related solution services
iii) Capital ¥400 million ($3,887 thousand)
iv) Net assets ¥140,744 million ($1,367,509 thousand)
v) Total assets ¥203,548 million ($1,977,730 thousand)
i) Trade name Konica Minolta Advanced Layers, Inc.
ii) Description
of business
Manufacturing and sale of electronic
materials (TAC fi lms, etc.), lighting source
panels, and performance materials
(including heat insulating fi lms)
iii) Capital ¥400 million ($3,887 thousand)
iv) Net assets ¥37,922 million ($368,461 thousand)
v) Total assets ¥62,257 million ($604,907 thousand)
i) Trade name Konica Minolta Optics, Inc.
ii) Description
of business
Manufacturing and sale of optical products
(including pickup lenses) and measuring
instruments for industrial and healthcare
applications
iii) Capital ¥400 million ($3,887 thousand)
iv) Net assets ¥11,207 million ($108,890 thousand)
v) Total assets ¥51,430 million ($499,709 thousand)
i) Trade name Konica Minolta Medical & Graphic, Inc.
ii) Description
of business
Manufacturing and sale of consumables and
equipment for healthcare systems
iii) Capital ¥400 million ($3,887 thousand)
iv) Net assets ¥21,726 million ($211,096 thousand)
v) Total assets ¥47,653 million ($463,010 thousand)
i) Trade name Konica Minolta IJ Technologies, Inc.
ii) Description
of business
Manufacturing and sale of inkjet printheads,
inks and textile printers for industrial use
iii) Capital ¥10 million ($97 thousand)
iv) Net assets ¥5,582 million ($54,236 thousand)
v) Total assets ¥9,329 million ($90,643 thousand)
i) Trade name Konica Minolta Technology Center, Inc.
ii) Description
of business
R&D, customized product design, and
management of intellectual property assets
iii) Capital ¥50 million ($486 thousand)
iv) Net assets ¥2,895 million ($28,129 thousand)
v) Total assets ¥9,161 million ($89,011 thousand)
i) Trade name Konica Minolta Business Expert, Inc.
ii) Description
of business
Provision of various shared services for the
Group in the fi elds of engineering, logistics,
environment, safety and others
iii) Capital ¥495 million ($4,810 thousand)
iv) Net assets ¥6,683 million ($64,934 thousand)
v) Total assets ¥9,498 million ($92,285 thousand)
(4) Status after the Merger
(i) Trade name
Konica Minolta, Inc.
(ii) Location of head offi ce
2-7-2, Marunouchi, Chiyoda-ku, Tokyo
(iii) Title and name of representative
Masatoshi Matsuzaki, President and CEO (Shoei Yamana has
assumed the position of President and CEO from April 1, 2014.)
(iv) Description of business
• Development, manufacture, and sales of products including
MFPs, printers, equipment for production printing systems,
equipment for healthcare systems, measuring instruments
for industrial and healthcare applications, inkjet printheads
and textile printers for industrial use, and providing related
consumables and solution services, etc.
• Development, manufacture, and sales of electronic materials
(TAC fi lms, etc.), lighting source panels, functional fi lms
(thermal heat insulating fi lms, etc.), and optical products (lens
units, etc.)
(v) Capital
¥37,519 million ($364,545 thousand)
(5) Outline of Accounting Treatment
Accounting treatment is applied as transactions under common
control based on the Accounting Standard for Business Combi-
nations (ASBJ Statement No. 21, December 26, 2008) and the
Guidance on Accounting Standard for Business Combinations
and Business Divestitures (ASBJ Guidance No. 10, December
26, 2008).
10. Net Assets
The Japanese Corporate Law became effective on May 1, 2006,
replacing the Commercial Code. Under Japanese laws and regu-
lations, the entire amount paid for new shares must be desig-
nated as common stock. However, a company may, by resolution
of the Board of Directors, designate an amount, not exceeding
one half of the price of the new shares, as additional paid-in
capital, which is included in capital surplus.
The Japanese Corporate Law provides that an amount equal
to 10% of distributions from retained earnings paid by the
Company and its Japanese subsidiaries be appropriated as addi-
tional paid-in capital or legal earnings reserve. Legal earnings
reserve is included in retained earnings in the accompanying
consolidated balance sheets. No further appropriations are
required when the total amount of the additional paid-in capital
and the legal earnings reserve equals 25% of their respective
stated capital. The Japanese Corporate Law also provides that
additional paid-in capital and legal earnings reserve are available
for appropriations by resolution of the Board of Directors.
Cash dividends and appropriations to the additional paid-in
capital or the legal earnings reserve charged to retained earnings
for the years ended March 31, 2014 and 2013 represent divi-
dends paid out during those years and the related appropriations
to the additional paid-in capital or the legal earnings reserve.
Retained earnings at March 31, 2014 do not refl ect current
year-end dividends in the amount of ¥3,862 million ($37,524
64
KONICA MINOLTA, INC. Annual Report 2014