Oki 2010 Annual Report Download - page 52
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Please find page 52 of the 2010 Oki 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.48 Annual Report 2010
Sales to third parties
Inter-area sales
Net sales
Operating expenses
Operating income (loss)
Total assets
2010
$ 3,346,720
733,258
4,079,989
3,883,440
$ 196,548
$ 2,840,225
$ 281,526
161
281,688
292,236
$ (10,537)
$ 140,376
$ 865,129
7,956
873,096
858,559
$ 14,526
$ 490,849
$ 280,236
513,559
793,806
773,731
$ 20,064
$ 338,010
$ 4,773,645
1,254,956
6,028,602
5,807,989
$ 220,612
$ 3,809,483
$—
(1,254,956)
(1,254,956)
(1,184,419)
$ (70,526)
$ 315,677
$ 4,773,645
—
4,773,645
4,623,559
$ 150,075
$ 4,125,161
Thousands of U.S. dollars
Japan North America Europe Asia Subtotal Corporate and
eliminations Consolidated
Year ended March 31,
(1) Overseas sales, which include export sales of the Company and its domestic consolidated subsidiaries and sales of the overseas con-
solidated subsidiaries (other than exports to Japan), totaled ¥141,423 million ($1,520,677 thousand), ¥181,536 million and ¥242,240
million or 31.9%, 33.3% and 33.7% of consolidated net sales for the years ended March 31, 2010, 2009 and 2008, respectively.
(2) Effective the year ended March 31, 2009, the Company and domestic consolidated subsidiaries adopted the “Accounting Standard
for Measurement of Inventories (Statement No.9, issued by ASBJ on July 5, 2006).” As a result of this change, operating income
decreased by ¥3,670 million (while operating income decreased by ¥3,670 million in Japan) for the year ended March 31, 2009 from
the corresponding amounts which would have been recorded under the previous method.
(3) Effective the year ended March 31, 2008, certain domestic consolidated subsidiaries have changed their method of depreciation for
property, plant and equipment acquired on or after April 1, 2007 to reflect the revision to the Corporation Tax Law which went into
effect on April 1, 2007. As a result of this change, both operating income and income before income taxes, minority interests and
equity in earnings of affiliates decreased by ¥127 million (while operating income decreased by ¥127 million in Japan) for the year
ended March 31, 2008 from the corresponding amounts which would have been recorded under the previous method.
Property, plant and equipment acquired on or before March 31, 2007 are depreciated to their respective memorandum value by the
straight-line method over a period of 5 years from the year following the year in which they have been depreciated down to 5% of
acquisition cost. As a result of this change, both operating income and income before income taxes, minority interests and equity in
earnings of affiliates decreased by ¥165 million (while operating income decreased by ¥165 million in Japan) for the year ended
March 31, 2008 from the corresponding amounts which would have been recorded under the previous method.
24. SUBSEQUENT EVENTS
The Company and its consolidated subsidiary Oki Wintech Company, Limited (“OKI Wintech”) resolved at meetings of their respective
boards of directors, held on February 3, 2010, to carry out a share exchange (the “share exchange”) to make OKI Wintech a wholly-owned
subsidiary and share exchange agreement was entered into on that day.
Subsequently, on June 1, 2010, share exchange was carried out.
Sales to third parties
Inter-area sales
Net sales
Operating expenses
Operating income (loss)
Total assets
2008
¥ 511,204
115,705
626,910
616,518
¥ 10,391
¥ 497,840
¥ 59,176
296
59,473
61,503
¥ (2,030)
¥ 24,065
¥ 104,726
1,946
106,673
102,953
¥ 3,719
¥ 55,079
¥ 44,569
104,083
148,653
146,984
¥ 1,668
¥ 47,995
¥ 719,677
222,032
941,709
927,960
¥ 13,749
¥ 624,981
¥—
(222,032)
(222,032)
(214,482)
¥ (7,549)
¥ (54,162)
¥ 719,677
—
719,677
713,477
¥ 6,200
¥ 570,819
Millions of yen
Japan North America Europe Asia Subtotal Corporate and
eliminations Consolidated
Year ended March 31,