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100 Omron Corporation Integrated Report 2013 101
Financial Section
Consolidated Statements of Shareholders’ Equity
OMRON Corporation and Subsidiaries
Years ended March 31, 2011, 2012 and 2013
Millions of yen
Number of
common shares
issued Common stock Capital surplus Legal reserve
Retained
earnings
Accumulated
other
comprehensive
income (loss) Treasury stock
Total
Shareholders’
Equity
Noncontrolling
interests
Total Net
Assets
Balance, March 31, 2010 239,121,372 ¥64,100 ¥99,081 ¥ 9,363 ¥230,859 ¥(52,614) ¥(44,462) ¥306,327 ¥ 808 ¥307,135
Net income 26,782 26,782 234 27,016
Cash dividends paid to
OMRON Corporation
shareholders, ¥30 per share (6,605) (6,605) (6,605)
Cash dividends paid to
noncontrolling interests (0) (0)
Equity transactions with
noncontrolling interests (121) (121)
Transfer to legal reserve 211 (211) — —
Other comprehensive
income (loss) (13,613) (13,613) (22) (13,635)
Acquisition of treasury stock (140) (140) (140)
Sale of treasury stock (0) (1) 3 2 2
Balance, March 31, 2011 239,121,372 64,100 99,081 9,574 250,824 (66,227) (44,599) 312,753 899 313,652
Net income 16,389 16,389 (37) 16,352
Cash dividends paid to
OMRON Corporation
shareholders, ¥28 per share (6,164) (6,164) (6,164)
Cash dividends paid to
noncontrolling interests (15) (15)
Transfer to legal reserve 460 (460) — —
Other comprehensive
income (loss) (2,206) (2,206) (7) (2,213)
Acquisition of treasury stock (10) (10) (10)
Sale of treasury stock (3) (32) 113 78 78
Balance, March 31, 2012 239,121,372 64,100 99,078 10,034 260,557 (68,433) (44,496) 320,840 840 321,680
Net income 30,203 30,203 (86) 30,117
Cash dividends paid to
OMRON Corporation
shareholders, ¥37 per share (8,145) (8,145) (8,145)
Cash dividends paid to
noncontrolling interests (2) (2)
Equity transaction with
noncontrolling interests (12) (12) 889 877
Transfer to legal reserve 842 (842) — —
Other comprehensive
income (loss) 24,084 24,084 160 24,244
Acquisition of treasury stock (9) (9) (9)
Sale of treasury stock (0) 1 1 1
Retirement of treasury stock (12,000,000) (28,119) 28,119 — —
Balance, March 31, 2013 227,121,372 ¥64,100 ¥99,066 ¥10,876 ¥253,654 ¥(44,349) ¥(16,385) ¥366,962 ¥1,801 ¥368,763
Thousands of U.S. dollars
Common stock Capital surplus Legal reserve
Retained
earnings
Accumulated
other
comprehensive
income (loss) Treasury stock
Total
Shareholders’
Equity
Noncontrolling
interests
Total Net
Assets
Balance, March 31, 2012 $681,915 $1,054,022 $106,745 $2,771,882 $(728,011) $(473,362) $3,413,191 $ 8,937 $3,422,128
Net income 321,309 321,309 (915) 320,394
Cash dividends paid to
OMRON Corporation
shareholders, $0.39 per share (86,649) (86,649) (86,649)
Cash dividends paid to
noncontrolling interests (21) (21)
Equity transaction with
noncontrolling interests (128) (128) 9,457 9,329
Transfer to legal reserve 8,957 (8,957) — —
Other comprehensive
income (loss) 256,213 256,213 1,702 257,915
Acquisition of treasury stock (96) (96) (96)
Sale of treasury stock (0) 11 11 11
Retirement of treasury stock (299,138) 299,138 — —
Balance, March 31, 2013 $681,915 $1,053,894 $115,702 $2,698,447 $(471,798) $(174,309) $3,903,851 $19,160 $3,923,011
U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2013, of ¥94 = $1.
Consolidated Statements of Cash Flows
OMRON Corporation and Subsidiaries
Years ended March 31, 2011, 2012 and 2013
Millions of yen
Thousands of
U.S. dollars
FY2010 FY2011 FY2012 FY2012
Operating Activities:
Net income ¥ 27,016 ¥ 16,352 ¥ 30,117 $ 320,394
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization 22,984 22,617 22,452 238,851
Net loss on sale and disposal of property, plant and equipment 606 861 578 6,149
Loss on impairment of long-lived assets 413 671 3,265 34,734
Net gain on sale of investment securities (7) (307) (677) (7,202)
Loss on impairment of investment securities 805 391 1,086 11,553
Loss on impairment of goodwill — 2,009 153 1,628
Termination and retirement benefi ts (4,785) (5,669) (4,433) (47,160)
Deferred income taxes 5,374 9,981 3,762 40,021
Equity in loss (earnings) of affi liates 190 (631) (2,976) (31,660)
Changes in assets and liabilities:
Increase in notes and accounts receivable-trade (16,227) (6,838) (5,827) (61,989)
Decrease (increase) in inventories (12,174) (6,538) 8,641 91,926
Decrease (increase) in other assets 1,048 (483) 21 223
Increase (decrease) in notes and accounts payable-trade 9,301 682 (5,927) (63,053)
Increase (decrease) in income taxes payable (453) (1,562) 3,121 33,202
Increase in accrued expenses and other current liabilities 8,383 388 1,519 16,160
Other, net (518) 22 (1,817) (19,330)
Total adjustments 14,940 15,594 22,941 244,053
Net cash provided by operating activities 41,956 31,946 53,058 564,447
Investing Activities:
Proceeds from sale or maturities of investment securities 109 693 1,658 17,638
Purchase of investment securities — (911) (0) (0)
Capital expenditures (21,647) (27,502) (30,383) (323,223)
Decrease (increase) in leasehold deposits, net 276 (101) 457 4,862
Proceeds from sale of property, plant and equipment 1,066 2,307 836 8,894
Decrease (increase) in investment in and loans to affi liates 20 (480) (1,884) (20,043)
Sale of business, net of cash acquired (34) — 90 957
Acquisition of business, net of cash acquired — (1,012) 141 1,500
Purchase of noncontrolling interests — — (10) (106)
Other, net — 520 624 6,638
Net cash used in investing activities (20,210) (26,486) (28,471) (302,883)
Financing Activities:
Net borrowings (repayments) of short-term debt 29,052 (26,744) (13,273) (141,202)
Repayments of long-term debt (20,000) — ——
Dividends paid by the Company (5,285) (6,604) (6,164) (65,574)
Dividends paid to noncontrolling interests (0) (15) (2) (21)
Proceeds from equity transactions with noncontrolling interests — — 819 8,713
Other, net (434) (129) 70 745
Net cash provided by (used in) fi nancing activities 3,333 (33,492) (18,550) (197,339)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (2,070) (1,446) 4,414 46,956
Net Increase (Decrease) in Cash and Cash Equivalents 23,009 (29,478) 10,451 111,181
Cash and Cash Equivalents at Beginning of the Year 51,726 74,735 45,257 481,457
Cash and Cash Equivalents at End of the Year ¥ 74,735 ¥ 45,257 ¥ 55,708 $ 592,638
U.S. dollar amounts represent translations of Japanese yen at the approximate exchange rate on March 31, 2013, of ¥94 = $1.