Pentax 2004 Annual Report Download - page 46

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44
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
2004 2003 2002 2004
NET SALES (Notes 13 and 14) ¥271,444 ¥246,293 ¥235,265 $2,560,792
COST OF SALES (Notes 12, 13 and 14) 142,683 133,275 134,258 1,346,066
Gross profit 128,761 113,018 101,007 1,214,726
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
(Notes 12, 13 and 14) 60,594 60,035 57,109 571,641
Operating income 68,167 52,983 43,898 643,085
OTHER INCOME (EXPENSES):
Interest and dividend income 558 624 490 5,264
Interest expense (189) (374) (617) (1,783)
Foreign exchange gains (losses)—net (2,900) (1,252) 1,033 (27,358)
Gain on sales of investment securities 59 109 137 556
Gain on sales of property, plant and equipment and other assets 523 725 336 4,934
Gain on transfer of business (Note 3) 488
Loss on sales of investment securities (7) (3,118)
Loss on write-down of investment securities (619) (111) (479) (5,840)
Loss on disposal of property, plant and equipment (1,900) (1,947) (1,529) (17,925)
Loss on impairment of long-lived assets (Note 6) (2,040) (19,245)
Equity in earnings of associated companies 1,700 418 533 16,038
Amortization of goodwill (3,300) (469) (31,132)
Additional expense incurred to dissolve the contributory
funded pension plan (888) (14,949) (8,377)
Additional expense incurred to abolish the unfunded
retirement benefit plan (351)
Additional retirement benefits paid to employees (1,090) (3,691) (1,996) (10,283)
Temporary plant closure expenses (463) (778)
Other income (expenses)—net (2,585) (3,459) 147 (24,387)
Other expenses—net (12,671) (24,240) (6,310) (119,538)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS
55,496 28,743 37,588 523,547
INCOME TAXES (Note 11):
Current 18,574 5,648 12,002 175,226
Deferred (2,775) 3,029 1,745 (26,179)
Total income taxes 15,799 8,677 13,747 149,047
MINORITY INTERESTS IN NET INCOME (148) (28) (100) (1,396)
NET INCOME ¥ 39,549 ¥20,038 ¥ 23,741 $ 373,104
Yen U.S. Dollars
2004 2003 2002 2004
PER SHARE OF COMMON STOCK (Note 17):
Basic net income ¥ 350.96 ¥ 171.10 ¥ 203.15 $ 3.31
Diluted net income 350.56 171.08 3.31
Cash dividends applicable to the year 100.00 50.00 50.00 0.94
See notes to consolidated financial statements.
Consolidated Statements of Income
Hoya Corporation and Subsidiaries
Years Ended March 31, 2004, 2003 and 2002