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32 Annual Report 2009
Shareholders’ equity
Numbers of
shares
issued
Common
stock
Additional
paid-in
capital
(Accumulated
deficit)
retained
earnings
Treasury
stock,
at cost
Total
shareholders’
equity
(Thousands)
Balance at March 31, 2006 612,371 ¥67,882 ¥37,801 ¥16,580 ¥(280) ¥121,984
Issuance of new shares of common stock (Note 9) 71,884 9,057 8,942 18,000
Distributions of retained earnings (1,834) (1,834)
Net loss (36,446) (36,446)
Purchases of treasury stock (40) (40)
Decrease at beginning of the year due to initial consolidation
of subsidiaries (23) (23)
Increase at beginning of the year due to initial consolidation
of subsidiaries accounted for by the equity method 166 166
Decrease at beginning of the year due to initial consolidation
of subsidiaries accounted for by the equity method (1,140) (1,140)
Increase resulting from decrease in unfunded retirement benefit
obligation with respect to foreign subsidiaries 322 322
Other, net
Net changes during the year 71,884 9,057 8,942 (38,955) (40) (20,995)
Balance at March 31, 2007 684,256 76,940 46,744 (22,375) (320) 100,989
Net income 567 567
Purchases of treasury stock (24) (24)
Increase resulting from decrease in unfunded retirement
benefit obligation with respect to foreign subsidiaries 816 816
Other, net
Net changes during the year — — — 1,383 (24) 1,359
Balance at March 31, 2008 684,256 76,940 46,744 (20,991) (344) 102,348
Effect of changes in accounting policies applied to foreign
subsidiaries (1,042) (1,042)
Net loss (45,011) (45,011)
Purchases of treasury stock (17) (17)
Decrease at beginning of the year due to initial
consolidation of subsidiaries (108) (108)
Other, net
Net changes during the year — — — (45,120) (17) (45,137)
Balance at March 31, 2009 684,256 ¥76,940 ¥46,744 ¥(67,153) ¥(362) ¥ 56,168
Shareholders’ equity
Numbers of
shares
issued
Common
stock
Additional
paid-in
capital
(Accumulated
deficit)
retained
earnings
Treasury
stock,
at cost
Total
shareholders’
equity
(Thousands)
Balance at March 31, 2008 684,256 $785,102 $476,979 $(214,193) $(3,510) $1,044,367
Effect of changes in accounting policies applied to foreign
subsidiaries (10,632) (10,632)
Net loss (459,295) (459,295)
Purchases of treasury stock (173) (173)
Decrease at beginning of the year due to initial consolidation of
subsidiaries (1,102) (1,102)
Other, net
Net changes during the year — — — (460,408) (173) (460,581)
Balance at March 31, 2009 684,256 $785,102 $476,979 $(685,234) $(3,693) $ 573,142
The accompanying notes are an integral part of these statements.
Consolidated Statements of Changes in Net Assets
Oki Electric Industry Co., Ltd. and consolidated subsidiaries
Years ended March 31, 2009, 2008 and 2007