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OLYMPUS 2003 
The effects of the adoption, in case the Company and its domestic consolidated subsidiaries applied the transitional provisions as
prescribed in paragraph -of the guidelines, are disclosed in “Note . SEVERANCE AND RETIREMENT ALLOWANCE.”
(k) Research and development
Expenses relating to research and development activities are charged to income as incurred. Total amounts charged to income were
¥, million ($, thousand), ¥,million and ¥, million for the years ended March , ,  and ,
respectively.
(l) Certain lease transactions
Finance leases which do not transfer titles to lessees are accounted for in the same manner as operating leases.
(m) Income taxes
The Company adopts the accounting standard, which recognizes tax effects of temporary differences between the financial statement
carrying amounts and the tax basis of assets and liabilities. The provision for income taxes is computed based on the pretax income
included in the consolidated statement of income. The asset and liability approach is used to recognize deferred tax assets and liabili-
ties for the expected future tax consequences of temporary differences.
(
n
)Amounts per share
Basic earnings per share (EPS) is computed by dividing income available to common shareholders by the weighted-average number of
common shares outstanding for each fiscal year. Diluted EPS is similar to basic EPS except that the weighted-average of common
shares outstanding is increased by the number of additional common shares that would have been outstanding if the potentially dilu-
tive common shares had been issued. For the years ended for March , ,  and , there were no dilutive common shares.
Accordingly, the Company’s basic and dilutive earnings per share computations are the same for the periods presented.
Cash dividends per common share are the amounts applicable to the respective periods.
(o) Accounting standard for treasury stock and reversal of statutory reserves
Effective April , , the Company adopted the new accounting standard for treasury stock and reversal of statutory reserves
(Accounting Standards Board Statement No., “Accounting Standard for Treasury Stock and Reduction of Statutory Reserves”, issued
by the Accounting Standards Board of Japan on February , ).
The adoption of the new accounting standard had no impact on the financial statements.
As a result of adopting this new accounting standard and application of the related revised disclosure requirements, shareholders’
equity accounts in the accompanying balance sheet as of March ,  are presented differently from prior years. Shareholders’
equity accounts as of March ,  have been changed to conform to the presentation for .
(p) Earnings per share
Effective April , , the Company adopted the new accounting standard for earnings per share and related guidance (Accounting
Standards Board Statement No., “Accounting Standard for Earnings Per Share” and Financial Standards Implementation G uidance
No., “Implementation Guidance for Accounting Standard for Earnings Per Share”, issued by the Accounting Standards Board of
Japan on September , ).
The effect of adopting of the new standard and guidance is disclosed in the note for earnings per share.
(q) Reclassification
Certain prior year amounts have been reclassified to conform to the current year presentation. These changes had no impact on previ-
ously reported results of operations or shareholders’ equity.
2. mar ket abl e and invest ment secur it ies
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March ,  and
:
Available-for-sale securities
Securities with book value (fair value) exceeding acquisition cost.
mil l ion s of yen t h ousan d s of u.s. dol l a r s
2003 2002 2003
acquisit ion book acquisit ion book acquisit ion book
cost va l u e dif f er en ce cost va l u e dif f er en ce cost va l ue d if f er en ce
Equity securities............... ¥ 1,396 ¥ 3,139 ¥1,743 ¥ 2,155 ¥ 4,123 ¥1,968 $ 11,633 $ 26,158 $14,525
Bonds............................... 10 10 0 10 10 0 83 83 0
Others.............................. 35,577 35,888 311 35,773 35,845 72 296,475 299,067 2,592
Total ............................... ¥36,983 ¥39,037 ¥2,054 ¥37,938 ¥39,978 ¥2,040 $308,191 $325,308 $17,117
OLY MPUS AR03財務 for PDF 03.8.1 10:43 A M ページ 29