Ricoh 1998 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 1998 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

46
13. PER SHARE DATA
The following table sets forth the computation of basic and diluted
earnings per share showing the reconciliation of the numerators and
denominators used for the computation.
Dividends per share shown in the consolidated statements of income have
been presented on an accrual basis and include, in each fiscal year ended
March 31, dividends approved or to be approved after such March 31, but
applicable to the year then ended.
14. DERIVATIVE FINANCIAL INSTRUMENTS
indebtedness, the Company and certain of its subsidiaries have used
interest rate swap agreements as a means of managing its interest
exposure; at March 31, 1997 and 1998, they had ¥379,856 million and
¥412,020 million ($3,121,364 thousand) of contractual amounts under
interest rate swap agreements. Interest rate swap transactions generally
involve the exchange of fixed and floating rate interest payment
obligations without an exchange of underlying principal amounts. The
differentials to be paid or received under the interest rate swap
agreements are accrued.
The counterparties to the above financial instrument contracts are
The Company and certain of its subsidiaries enter into various financial
instrument contracts in the normal course of business and in connection
with the management of its assets and liabilities.
The Company and certain of its subsidiaries enter into foreign
currency contracts to hedge assets and liabilities denominated in foreign
currencies. The contracted amounts outstanding as of March 31, 1997 and
1998 were ¥135,883 million and ¥134,023 million ($1,015,326 thousand),
respectively. Gains or losses on those contracts used to hedge existing
assets and liabilities are recognized in income currently.
In connection with short-term borrowings and long-term
Average common shares outstanding
Effect of dilutive securities:
Convertible bonds—
1.9%, payable in yen, due March 1998
1.8%, payable in yen, due March 2002
1.5%, payable in yen, due March 2002
0.35%, payable in yen, due March 2003
Diluted common shares outstanding
1998
Thousands of Shares
669,959
—
1,921
34,662
27,810
734,352
1997
655,010
23,629
2,603
39,354
31,405
752,001
1996
Thousands of
U.S. dollars
1998
1998
Millions of yen
19971996
U.S. dollars
19981998
Yen
19971996
651,776
23,633
4,886
40,279
—
720,574
Net income applicable to common shareholders
Effect of dilutive securities:
Convertible bonds—
1.9%, payable in yen, due March 1998
1.8%, payable in yen, due March 2002
1.5%, payable in yen, due March 2002
0.35%, payable in yen, due March 2003
Other
Diluted net income
¥ 21,869
286
35
302
—
—
¥ 22,492
¥ 28,922
286
19
292
130
(356)
¥ 29,293
¥ 30,131
—
14
258
109
(145)
¥ 30,367
$ 228,265
—
106
1,955
826
(1,098)
$ 230,054
¥ 33.55
31.21 ¥ 44.16
38.95 ¥ 44.97
41.35 $ 0.34
0.31
Earnings per Share:
Basic
Diluted