Pentax 2005 Annual Report Download - page 51

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48
Consolidated Statements of Income
Hoya Corporation and Subsidiaries
Years Ended March 31, 2005, 2004 and 2003
Thousands of U.S. Dollars
Millions of Yen (Note 1)
2005 2004 2003 2005
NET SALES (Note 14) ¥308,172 ¥271,444 ¥246,293 $2,880,112
COST OF SALES (Notes 9, 12, 13 and 14) 158,024 142,683 133,275 1,476,860
Gross profit 150,148 128,761 113,018 1,403,252
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
(Notes 9, 12, 13 and 14) 65,228 60,594 60,035 609,607
Operating income 84,920 68,167 52,983 793,645
OTHER INCOME (EXPENSES) (Note 14):
Interest and dividend income 1,022 558 624 9,551
Interest expense (87) (189) (374) (813)
Foreign exchange gains (losses)—net 875 (2,900) (1,252) 8,178
Equity in earnings of associated companies 3,708 1,700 418 34,654
Loss on clarification of soil contamination (1,980) (18,505)
Loss on closure of plant in the fiscal year (1,264) (11,813)
Loss on disposal of property, plant and equipment (948) (1,900) (1,947) (8,860)
Loss on impairment of long-lived assets (Note 6) (859) (2,040) (8,028)
Additional retirement benefits paid to employees (Note 9) (843) (1,090) (3,691) (7,878)
Gain on sales of property, plant and equipment and other assets 195 523 725 1,822
Gain on transfer of business (Note 3) 488
Loss on write-down of investment securities (619) (111)
Amortization of goodwill (3,300)
Additional expense incurred to dissolve the contributory
funded pension plan (Note 9) (888) (14,949)
Additional expense incurred to abolish the unfunded
retirement benefit plan (Note 9) (351)
Other expenses—net (1,273) (2,526) (3,820) (11,897)
Other expenses—net (1,454) (12,671) (24,240) (13,589)
INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 83,466 55,496 28,743 780,056
INCOME TAXES (Note 11):
Current 18,690 18,574 5,648 174,673
Deferred 532 (2,775) 3,029 4,972
Total income taxes 19,222 15,799 8,677 179,645
MINORITY INTERESTS IN NET INCOME (109) (148) (28) (1,018)
NET INCOME ¥ 64,135 ¥ 39,549 ¥ 20,038 $ 599,393
Yen U.S. Dollars
2005 2004 2003 2005
PER SHARE OF COMMON STOCK (Notes 2.p and 17):
Basic net income ¥578.84 ¥350.96 ¥171.10 $5.41
Diluted net income 577.52 350.56 171.08 5.40
Cash dividends applicable to the year 150.00 100.00 50.00 1.40
See notes to consolidated financial statements.