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42
NIKON CORPORATION ANNUAL REPORT 2012
The following is a summary of the terms of bonds which the Company may at any time purchase for any price in the open market
or otherwise acquire. The bonds purchased or otherwise acquired by the Company may be held or resold or, at the discretion of the
Company, may be canceled.
Millions of Yen
Thousands of
U.S. Dollars
Issued in Maturity 2011 2012 2012
1.3% Yen Unsecured Bonds June, 2009 June, 2014 ¥10,000 ¥10,000 $121,669
1.65% Yen Unsecured Bonds June, 2009 June, 2016 10,000 10,000 121,669
0.996% Yen Unsecured Bonds January, 2011 January, 2018 10,000 10,000 121,669
1.434% Yen Unsecured Bonds January, 2011 January, 2021 10,000 10,000 121,669
Total ¥40,000 ¥40,000 $486,676
The aggregate annual maturities of long-term debt at March 31, 2012 are as follows:
Year Ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2013 ¥ 6,864 $ 83,510
2014 16,419 199,765
2015 827 10,061
2016 25,406 309,107
2017 3,036 36,945
Thereafter 20,166 245,360
Total ¥72,718 $884,748
At March 31, 2012, the following assets were pledged as collateral for the long-term debt.
Millions of Yen
Thousands of
U.S. Dollars
2012 2012
Investment securities ¥4,202 $51,126
Liabilities secured by the above assets were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2012 2012
Long-term debt, including current portion ¥6,200 $75,435
As is customary in Japan, the Company maintains substantial deposit balances with banks from which it has borrowed. Such
deposit balances are not legally or contractually restricted as to withdrawal.
General agreements with respective banks provide, as is customary in Japan, that additional collateral must be provided under
certain circumstances if requested by such banks, and that certain banks have the right to offset cash deposited with them against
any long-term or short-term debt or obligation that becomes due and, in case of default and certain other specified events, against
all other debts payable to the banks. The Group has never been requested to provide any additional collateral.
7. Retirement and Pension Plans
The Company has a defined-benefit corporate pension plan,
(cash balance plan) and a defined-contribution pension plan
and its consolidated domestic subsidiaries have a defined-
benefit corporate pension plan and lump-sum retirement
allowance. Certain domestic subsidiaries have a small enter-
prise retirement allowance mutual aid system. Certain foreign
subsidiaries also have a defined-benefit plan and a defined-
contribution pension plan.
The Group accounted for the liability for retirement benefits
based on the projected benefit obligations and plan assets at
the balance sheet date.
The Company decided to abolish the Retirement Benefits Plan
for Directors and Corporate Auditors at the close of the Annual
General Shareholders’ Meeting held on June 29, 2011, and to
make a final payment of retirement benefits corresponding
to the service period of each of its directors and corporate