Canon 2003 Annual Report Download - page 75

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73
(17) Earnings per Share
A reconciliation of the numerators and denominators of basic
and diluted earnings per share for “Income before cumulative
effect of change in accounting principle” computations is as
follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2001 2003
Income before cumulative effect of change
in accounting principle ¥275,730 190,737 163,869 $2,576,916
Effect of dilutive securities:
1% Japanese yen convertible debentures,
due 2002 —26 40 —
1-2/10% Japanese yen convertible
debentures, due 2005 36 48 48 336
1-3/10% Japanese yen convertible
debentures, due 2008 86 91 91 804
Diluted income before cumulative effect of
change in accounting principle ¥275,852 190,902 164,048 $2,578,056
Number of shares
Average common shares outstanding 878,648,844 876,716,443 875,960,380
Effect of dilutive securities:
1% Japanese yen convertible debentures,
due 2002 —1,952,315 2,859,462
1-2/10% Japanese yen convertible
debentures, due 2005 2,664,354 3,446,071 3,461,229
1-3/10% Japanese yen convertible
debentures, due 2008 6,382,560 6,624,428 6,646,369
Diluted common shares outstanding 887,695,758 888,739,257 888,927,440
Yen U.S. dollars
Earnings per share before cumulative effect of
change in accounting principle:
Basic ¥313.81 217.56 187.07 $2.93
Diluted 310.75 214.80 184.55 2.90
The computation of diluted net income per share for the year
ended December 31, 2001 uses diluted net income and diluted
common shares outstanding. For the computation of the diluted
net income, the same effect of dilutive securities used for the
computation of diluted income before cumulative effect of change
in accounting principle is reflected. The diluted common shares
outstanding is the same as used in the computation of the diluted
earnings per share before cumulative effect of change in
accounting principle.