Wacom 2009 Annual Report Download - page 35

The changes in stock options for the year ended
March 31, 2008 are as follows
November 8, 2002
June 26, 2003
June 24, 2004
June 23, 2005
Date of
ordinary
shareholders’
meeting
¥17,659
158,951
306,139
242,865
Exercise price
per share
(exact yen)
¥203,550
256,391
-
-
Average price
per share
at exercise
(exact yen) Exercise periods
From November 9, 2004 to
October 31, 2011
From June 27, 2005 to
June 26, 2008
From June 25, 2006 to
June 24, 2009
From June 24, 2007 to
June 23, 2010
Notes to Consolidated Financial Statements
19. Stock options:
The following are the stock options granted to directors and
employees, which would result in an increase in the number
of common shares with the following exercise prices.
¥44,178.22
8,348.74
8,304.38
¥44,303.37
6,213.93
6,197.78
$451.01
63.26
63.09
Net assets per share
Net income per share
Diluted net income per share
U.S. dollars
Yen
March 31 March 31
March 31
2008 2009 2009
18. Earnings per share information:
The computation of net income per share is based on
the weighted-average number of common shares
outstanding during each fiscal year. Treasury stocks
held during these fiscal years are excluded.
¥3,501,360
-
3,501,360
419,388
-
2,240
¥2,579,025
-
2,579,025
415,039
-
1,082
$26,255
-
26,255
-
-
-
Basic net income per share
Net income
Net income not available to common
shareholders
Net income available to common shareholders
Weighted-average number of
shares outstanding (shares)
Diluted net income per share
Amount of net income adjustment
Increase in the number of common
shares outstanding during each fiscal
year that would result in exercising
options to issue new shares(shares)
Thousands of
U.S. dollars
Thousands of yen
March 31
2008 2009 2009
November 8, 2002
June 26, 2003
June 24, 2004
June 23, 2005
Date of
ordinary
shareholders’
meeting
113
6
33
4
66
13
2
4
9
1
6
9
Employees
Subsidiaries’ executive officers
Subsidiaries’ employees
Executive officers
Employees
Subsidiaries’ employees
Executive officers
Employees
Subsidiaries’ employees
Executive officers
Employees
Subsidiaries’ employees
Person granted
19,160
7,440
1,200
800
28,600
Number of
options granted
(shares)
(3) Calculation method of depreciation equivalents
Depreciation equivalents are calculated using the
declining-balance method for tangible fixed assets
over the lease terms with residual value by 10%,
before multiplying by 10 and being divided by 9 and on
the straight-line method for the intangible assets over
the lease terms without residual value.
(4) Allocation of interest expense equivalents
Differences between total lease expenses and pur-
chase price equivalents of the leased properties
comprise interest expense equivalents and insurance,
maintenance and certain other operating costs.
Interest expense equivalents are allocated using the
interest method over the lease terms.
17. Derivatives:
All derivative transactions are entered into in order to
hedge foreign currency exposures within the
Company’s business. Accordingly, the market risk in
these derivatives is basically offset by opposite
movements in the value of hedged assets or liabilities.
The Company does not hold derivatives for trading or
speculative purposes. Because the counterparties to
these derivatives are limited to major international
finance institutions, the Company does not anticipate
any losses arising from credit risk.
Derivative transactions entered into by the Company
have been executed in accordance with internal
policies, which regulate the authorization and credit
limit amount.
The amount of the derivative contracts does not
necessarily indicate the significance of the risk.
Certain information on outstanding derivative contracts
is shown below.
1,439,624
680,435
-
¥2,120,059
1,432,717
680,217
-
¥2,112,934
¥6,907
218
-
¥7,125
Foreign exchange forward contracts:
To sell U.S. dollars
To sell Euros
To sell British Pound
Total
Thousands of yen
March 31, 2008
Contract
amount Fair value Unrealized
gain/(loss)
¥972,403
538,652
89,292
¥1,600,347
¥1,011,634
545,328
85,173
¥1,642,135
(¥39,231)
(6,676)
4,119
(¥41,788)
Foreign exchange forward contracts:
To sell U.S. dollars
To sell Euros
To sell British Pound
Total
Thousands of yen
March 31, 2009
Contract
amount Fair value Unrealized gain/(loss)
$9,899
5,484
909
$16,292
$10,299
5,551
867
$16,717
($400)
(67)
42
($425)
Foreign exchange forward contracts:
To sell U.S. dollars
To sell Euros
To sell British Pound
Total
Thousands of U.S. dollars
March 31, 2009
Contract
amount Fair value Unrealized gain/(loss)
Note: The basis for calculating basic and diluted
earning per share is as follows
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