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50 TOSHIBA Annual Report 2012
Toshiba Corporation and Subsidiaries
March 31, 2012
Notes to Consolidated Financial Statements
19. EQUITY
COMMON STOCK
The total number of authorized shares of the Company is 10,000,000,000. The total number of shares issued for the years
ended March 31,2012 and 2011 are 4,237,602,026.
RETAINED EARNINGS
Retained earnings at March 31, 2012 and 2011 included a legal reserve of ¥29,286 million ($357,146 thousand) and ¥24,129
million, respectively. The Corporation Law of Japan provides that an amount equal to 10% of distributions from retained
earnings paid by the Company and its Japanese subsidiaries be appropriated as a legal reserve. No further appropriations
are required when the total amount of the additional paid-in capital and the legal reserve equals 25% of their respective
stated capital. The Corporation Law of Japan also provides that additional paid-in capital and legal reserve are available
for distributions by the resolution of the stockholders.
The amount of retained earnings available for distributions is based on the Company's retained earnings determined in
accordance with generally accepted accounting principles in Japan and the Corporation Law of Japan. Retained earnings
at March 31, 2012 do not reflect current year-end distributions of ¥16,939 million ($206,573 thousand) which started to be
paid from June 1, 2012.
Retained earnings at March 31, 2012 included the Group's equity in undistributed earnings of equity method investees
in the amount of ¥106,816 million ($1,302,634 thousand).
The Company resolved, at the board of directors meeting held on May 7, 2010, the submission of the disposition of the
Company's other capital surplus based on Article 452 of the Corporation Law of Japan. As a result, the additional paid-in
capital was reduced by ¥46,772 million, and the retained earnings was increased by the same amount effective June 30,
2010 on the Company's consolidated balance sheets.
ACCUMULATED OTHER COMPREHENSIVE LOSS
Analyses of the changes in accumulated other comprehensive loss, net of tax, for the years ended March 31, 2012 and
2011 are shown below:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2012 2011 2012
Net unrealized gains and losses on securities:
Balance at beginning of year ¥ 62,455 ¥ 73,226 $ 761,645
Current year change (5,362) (10,771) (65,390)
Balance at end of year ¥ 57,093 ¥ 62,455 $ 696,255
Foreign currency translation adjustments:
Balance at beginning of year ¥ (275,108) ¥ (231,467) $ (3,354,975)
Current year change (11,018) (43,641) (134,366)
Balance at end of year ¥ (286,126) ¥ (275,108) $ (3,489,341)
Pension liability adjustments:
Balance at beginning of year ¥ (308,681) ¥ (303,348) $ (3,764,402)
Current year change (29,667) (5,333) (361,793)
Balance at end of year ¥ (338,348) ¥ (308,681) $ (4,126,195)
Net unrealized gains and losses on derivative instruments:
Balance at beginning of year ¥ (62) ¥ (2,661) $ (756)
Current year change (400) 2,599 (4,878)
Balance at end of year ¥ (462) ¥ (62) $ (5,634)
Total accumulated other comprehensive loss:
Balance at beginning of year ¥ (521,396) ¥ (464,250) $ (6,358,488)
Current year change (46,447) (57,146) (566,427)
Balance at end of year ¥ (567,843) ¥ (521,396) $ (6,924,915)