Oki 2001 Annual Report Download - page 29

Oki Electric Industry Co., Ltd. Annual Report 2001 27
15 . Amounts per share
Basic net income (loss) per share shown below is based on the weighted
average number of shares of common stock outstanding during each
year. Diluted net income (loss) per share is based on the weighted
average number of shares of common stock outstanding each year after
giving effect to the dilutive potential of common shares to be issued
upon the conversion of convertible bonds.
Net assets per share are based on the number of shares of common
stock outstanding at each balance sheet date.
Yen U.S. dollars
2001 2000 1999 2001
Net income (loss):
Basic .................. ¥14.61 ¥001.87 ¥(77.46) $0.12
Diluted ............... 14.52 ——0.12
Yen U.S. dollars
2001 2000 1999 2001
Net assets ................. ¥243.12 ¥232.86 ¥230.77 $1.96
Diluted net income (loss) per share for the years ended March 31,
2000 and 1999 have not been presented because there would have been no
dilutive effect on any assumed conversion of convertible bonds for the year
ended March 31, 2000, and because net loss was recorded for the year
ended March 31, 1999.
16 . Subsequent event
On June 28, 2001, the shareholders of the Company approved the following
appropriations of retained earnings, which have not been reflected in the
accompanying financial statements for the year ended March 31, 2001:
Thousands of
Millions of yen U.S. dollars
Cash dividends (¥5.00=US$0.04 per share) .. ¥(3,061) $(24,686)
Reversal of special reserve ............................ 2,033 16,401
Provision for special reserve ......................... (1,342) (10,825)
17 . Segment information
In previous years, the Group classified its businesses into one business segment to provide products with respect to information telecommunication
systems which included telecommunications, information systems and electronic devices.
Effective the year ended March 31, 2001, in order to provide more useful information, the Group reclassified its businesses into information
systems, telecommunications systems, electronic devices and other.
The business segment information for the year ended March 31, 2001 is summarized as follows:
Millions of yen
Information Telecommunications Electronic Corporate and
Systems Systems Devices Other Total Eliminations Consolidated
Year ended March 31 2001
Sales to third parties ............................ ¥0,352,418 ¥0,163,330 ¥0,181,978 ¥042,523 ¥0,740,250 ¥ —¥0,740,250
Intersegment sales and transfers .......... 15,073 6,547 17,328 37,037 75,987 (75,987) —
Total sales ............................................ 367,492 169,877 199,306 79,561 816,237 (75,987) 740,250
Operating expenses .............................. 366,007 162,676 169,420 78,314 776,419 (64,483) 711,935
Operating income ................................ ¥0,001,485 ¥0,007,200 ¥0,029,886 ¥001,246 ¥0,039,818 ¥ (11,503) ¥0,028,314
Total assets ........................................... ¥0,246,044 ¥0,121,378 ¥0,167,665 ¥053,921 ¥0,589,010 ¥0,143,472 ¥0,732,483
Depreciation ........................................ ¥0,016,080 ¥0,006,142 ¥0,022,972 ¥001,386 ¥0,046,582 ¥0,002,668 ¥0,049,251
Capital expenditures ........................... ¥0,014,066 ¥0,003,881 ¥0,030,040 ¥002,435 ¥0,050,424 ¥0,001,296 ¥00,51,720
Thousands of U.S. dollars
Information Telecommunications Electronic Corporate and
Systems Systems Devices Other Total Eliminations Consolidated
Year ended March 31 2001
Sales to third parties ............................ $2,842,087 $1,317,180 $1,467,564 $342,930 $5,969,763 $ — $5,969,763
Intersegment sales and transfers .......... 121,564 52,799 139,745 298,691 612,800 (612,800) —
Total sales ............................................ 2,963,652 1,369,979 1,607,310 641,621 6,582,564 (612,800) 5,969,763
Operating expenses .............................. 2,951,675 1,311,910 1,366,293 631,570 6,261,448 (520,031) 5,741,417
Operating income ................................ $0,011,976 $0,058,069 $0,241,017 $010,051 $0,321,115 $ (92,769) $0,228,345
Total assets ........................................... $1,984,230 $0,978,858 $1,352,142 $434,852 $4,750,084 $1,157,037 $5,907,121
Depreciation ........................................ $0,129,678 $0,049,538 $0,185,261 $011,185 $0,375,664 $0,021,520 $0,397,185
Capital expenditures ........................... $0,113,439 $0,031,303 $0,242,259 $219,644 $0,406,647 $0,010,453 $0,417,100
(1) Business segments are divided into categories based on the nature of the products or services rendered and the similarity of sales methodology.
(2) Eliminations or unallocated amounts of operating expenses consist principally of expenses in the Company’s General and Administrative Department and research and development costs
in the Group, which amounted to ¥11,079 million ($89,350 thousand).
(3) Eliminations or unallocated amounts of total assets consist principally of the Company’s surplus funds, funds for long-term investments and assets belong to the General and
Administrative Department, which amounted to ¥203,922 million ($1,644,532 thousand).
(4) Included in depreciation and capital expenditures are amortization and additions to long-term prepaid expenses, respectively.