Oki 2009 Annual Report Download - page 43

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Annual Report 2009 41
11.
RESEARCH AND DEVELOPMENT EXPENSES
Research and development expenses for the years ended March 31, 2009, 2008 and 2007 were as follows:
Millions of yen
Thousands of
U.S. dollars
2009 2008 2007 2009
¥16,825 ¥18,231 ¥21,305 $171,683
12.
COMPENSATION RECEIVED FOR RELOCATION
Compensation received for relocation was recorded for the relocation of the headquarters.
13.
LOSS ON NATURAL DISASTERS
Due to earthquake that took place at the Iwate-Miyagi inland on June 14, 2008, and northern part of Iwate Prefecture coast on July 24, 2008,
certain production lines of Miyagi Oki Electric Industry Co., Ltd. were suspended and the subsidiary recognized the related loss for the year ended
March 31, 2009.
14.
WRITE-DOWN OF INVENTORIES
The Company and domestic subsidiaries recognised the loss in the beginning balance of inventories for adaptation of the “Accounting Standard for
Measurement of Inventories” (Statement No.9, issued by the Accounting Standards Board of Japan (ASBJ) on July 5, 2006). In addition, the Com-
pany recognised the expense for the settlement of unprofitable business for the year ended March 31, 2009.
15.
BUSINESS STRUCTURE IMPROVEMENT EXPENSES
The Company disposed of a portion of its inventories of maintenance components as a result of the restructuring of the Info-Telecom Systems busi-
ness during the year ended March 31, 2007.
The overseas subsidiary in the United States recognised the loss on impairment of property, plant and equipment for the restructuring business,
the special retirement expense and the loss from reorganization of their logistic center for the year ended March 31, 2009.
16.
LOSS ON TRANSFER OF BUSINESS AND OTHER
On October 1, 2008, the Company transferred to ROHM CO., LTD. 95% of issued shares of OKI SEMICONDUCTOR CO., LTD., which was newly
established to succeed to its semiconductor business. As the result of this transfer, the Company recognised the loss of disposed inventories, advi-
sory service fee and other, and loss on sale of investments in unconsolidated subsidiaries securities for the year ended March 31, 2009.
17.
LOSS ON DISPOSITION OF FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
Excluding from the scope of consolidation of the certain overseas subsidiaries resulted in the loss for the year ended March 31, 2009.