Olympus 2014 Annual Report Download - page 53

The bases for calculation are as follows:
(1) Basic and diluted net income per share
For the years ended March31:
2013 2014
Average number of shares for basic net income ................................................................................................................ 276,957,809 331,992,635
(2) Net assets per share
As of March31: Number of shares
2013 2014
The number of shares of common stock used for the calculation of net assets per share .................................................. 301,245,726 342,240,445
As of March31: Millions of yen
Thousands of
U.S. dollars
2013 2014 2014
Total net assets ..................................................................................................................................... ¥151,907 ¥331,284 $3,216,350
Amounts deducted from total net assets:
Stock acquisition rights ..................................................................................................................... — 115 1,117
Minority interests ............................................................................................................................... 3,302 1,650 16,019
Net assets attributable to shares of common stock .............................................................................. ¥148,605 ¥329,519 $3,199,214
33. Related Party Transactions
There were no related party transactions to be disclosed for the years ended March 31, 2013 and 2014.
34. Business Combination
For the year ended March 31, 2013
(Business Divestitures)
1. Outline of business divestiture
(1) Name of company to which a divested business was transferred through company split and company to which shares were transferred
(a) Name of company to which a divested business was transferred through company split: ITX Corporation
(b) Name of company to which shares were transferred: IJ Holdings Inc.
(2) Operations of divested business
Information & Communication Business
(3) Primary reason for business divesture
Although the Information & Communication Business has generated steady cash fl ow and the Olympus Group has been actively en-
gaged inthis business, the Company reached the conclusion that aggressive expansion of retail activities and investment in human resourc-
es were essential to bring further growth to this business. Therefore, it was required to establish a framework that allowed expeditious and
aggressive injection of management resources including know-how and funding for the above-mentioned business.
Upon consultation with Japan Industrial Partners, Inc., the Company decided to conduct this company split and share transfer. The deci-
sion was made in the belief that utilizing Japan Industrial Partners, Inc.’s many achievements and abundant experience in assisting with sub-
sidiaries becoming independent, businesses being divested, etc., and stimulating further development of the business with the support of
Japan Industrial Partners, Inc. in the area of management know-how and funding, would lead to further growth of the business and maximi-
zation of the shareholder value of the Company.
(4) Date of company split and share transfer
Company split: September 28, 2012
Share transfer: September 28, 2012
(5) Outline of other transactions including legal form
The Company transferred the Information & Communication Business of ITX Corporation to the newly established company (“New ITX”),
which is the successor in an absorption-type company split, and transferred New ITX to IJ Holdings Inc., a wholly owned company of a part-
nership operated and managed by Japan Industrial Partners, Inc. ITX Corporation changed its trade name to Impress Development K.K. on
the same date.
(c) Sales by major customer
Sales by major customer for the years ended March 31, 2013 and 2014 have been omitted due to the absence of a customer with sales
volume which exceeds 10% of consolidated net sales.
(d) Impairment loss on fi xed assets by reportable segment for the years ended March 31, 2013 and 2014 is summarized as follows:
Millions of yen
Thousands of
U.S. dollars
2013 2014 2014
Medical ................................................................................................................................................. ¥ — ¥ — $ —
Life Science and Industrial .................................................................................................................... — ——
Imaging ................................................................................................................................................ 3,733 — —
Information and Communication ........................................................................................................... — ——
Others .................................................................................................................................................. 2,377 4,351 42,243
Reportable segment total ..................................................................................................................... 6,110 4,351 42,243
Adjustments and eliminations ............................................................................................................... 1,490 520 5,048
¥7,600 ¥4,871 $47,291
(e) Outstanding balances of goodwill by reportable segment as of March 31, 2013 and 2014 were as follows:
Millions of yen
2013
Medical
LifeScience
andIndustrial Imaging
Informationand
Communication Others
Consolidated
Total
Outstanding balance of goodwill .............................................................. ¥101,534 ¥3,919 ¥— ¥ — ¥893 ¥106,346
Millions of yen
2014
Medical
LifeScience
andIndustrial Imaging
Informationand
Communication Others
Consolidated
Total
Outstanding balance of goodwill .............................................................. ¥103,745 ¥3,005 ¥— ¥ — ¥100 ¥106,850
Thousands of U.S. dollars
2014
Medical
LifeScience
andIndustrial Imaging
Informationand
Communication Others
Consolidated
Total
Outstanding balance of goodwill .............................................................. $1,007,233 $29,175 $— $ — $971 $1,037,379
(f) Amortization of negative goodwill by reportable segment
There was no amortization of negative goodwill for the years ended March 31, 2013 and 2014.
32. Amounts per Share
Net income per share is computed by dividing income available to common shareholders by the average number of common shares out-
standing for each fi scal year. Diluted income per share is similar to the basic one except that the average of common shares outstanding is
increased by the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been
issued. For the year ended March 31 2013, there were no dilutive common shares which have resulted in a dilutive effect.
Net assets per share are computed based on the net assets excluding share subscription rights and minority interests and the number
ofshares of common stock outstanding at the year end.
For the years ended March31: Yen U.S. dollars
2013 2014 2014
Net income:
Basic ............................................................................................................................................. ¥28.96 ¥41.05 $0.399
Diluted ........................................................................................................................................... ¥ — ¥41.04 $0.398
As of March31: Yen U.S. dollars
2013 2014 2014
Net assets ............................................................................................................................................ ¥493.30 ¥962.83 $9.348
Notes to the Consolidated Financial Statements
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OLYMPUS Annual Report 2014
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