Nikon 2016 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2016 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

75
NIKON REPORT 2016
23. Subsequent Event
Appropriations of Retained Earnings
The following appropriation of retained earnings at March 31, 2016 was approved at the Company’s shareholders’ meeting held on June
29, 2016:
Millions of Yen
Thousands of
U.S. Dollars
2016 2016
Year-end cash dividends, ¥10.00 ($0.09) per share ¥3,968 $35,212
From the year ended March 31, 2016, the Company introduced the Executive Compensation BIP Trust, and the Company’s shares held by the
trust were recorded as treasury stock in the consolidated nancial statements.
In accordance with the above, on computation of net income per share and net income per share (fully diluted), the Company’s shares held by
the Executive Compensation BIP Trust were included in the number of treasury stock, which was excluded from the calculation of average shares
outstanding.
On computation of net income per share and net income per share (fully diluted), the average number of treasury stock excluded in relation to the
Executive Compensation BIP Trust was 354,281 shares for the year ended March 31, 2016.
20. Restructuring Expenses
The expenses for merging sales sites in an effort to optimize the business operational structure mainly in Europe and in the Americas, as well as
the premium retirement benets paid to maintain an optimal number of staff, were recorded as restructuring expenses.
21. Environmental Expenses
An amount required for the treatment of contaminated soil of the land held by the Group was recorded.
22. Additional Information for Consolidated Statement of Cash Flows
As disclosed in Note 3, “Business Combination,” the Group acquired Optos Plc on May 22, 2015. Assets and liabilities of the acquired companies
and net cash used for the acquisition were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Current assets ¥18,405 $163,341
Non-current assets 23,783 211,068
Goodwill 22,009 195,327
Current liabilities (7,706) (68,391)
Non-current liabilities (7,529) (66,820)
Foreign currency translation adjustments (834) (7,403)
Total acquisition costs of shares 48,128 427,122
Cash and cash equivalents of Optos Plc (4,565) (40,518)
Net cash used for acquisition of Optos Plc ¥43,563 $386,604
Notes to Consolidated Financial Statements
FINANCIAL AND CORPORATE DATA