Casio 2011 Annual Report Download - page 43

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Annual Report 2011
2) Geographical segments
Millions of Yen
For 2010 Japan Americas Europe Asia Total Elimination Consolidated
Net sales:
Outside customers ............... ¥307,488 ¥35,047 ¥59,373 ¥ 26,017 ¥427,925 ¥ — ¥427,925
Inside Group ........................ 80,038 449 6 87,085 167,578 (167,578) —
Total .................................... 387,526 35,496 59,379 113,102 595,503 (167,578) 427,925
Costs and expenses ................... 420,512 33,304 60,404 110,786 625,006 (167,772) 457,234
Operating income (loss) ............ ¥ (32,986) ¥ 2,192 ¥ (1,025) ¥ 2,316 ¥ (29,503) ¥ 194 ¥ (29,309)
Total assets ............................... ¥393,238 ¥15,476 ¥26,189 ¥ 37,783 ¥472,686 ¥ (42,703) ¥429,983
Notes: 1. Segments of countries and areas are classified by geographical location.
2. The main countries and the areas which belong to each segment except for Japan were as follows:
(1) Americas .......... U.S.A., Canada, Mexico, Brazil
(2) Europe ............. U.K., Germany, France, Spain, Netherlands, Norway, Russia, Italy
(3) Asia ................. Taiwan, Hong Kong, Singapore, China, India, Indonesia, Thailand
3. As disclosed in Note 3. (2), effective from the fiscal year ended March 31, 2010, ASBJ Statement No. 15, “Accounting Standard for
Construction Contracts” and ASBJ Guidance No. 18, “Guidance on Accounting Standard for Construction Contracts” issued on December
27, 2007 have been applied. The effect on net income of the adoption of the new accounting standards is not material.
3) Overseas sales
Millions of Yen
For 2010 North America Europe Asia Others Total
Overseas net sales .................... ¥64,916 ¥60,467 ¥54,159 ¥25,548 ¥205,090
Net sales (consolidated) ............ — — — — 427,925
Share of overseas net sales ....... 15.2% 14.1% 12.6% 6.0% 47.9%
Notes: 1. Segments of countries and areas are classified by geographical location.
2. The main countries and the areas which belong to each segment were as follows:
(1) North America .........U.S.A., Canada
(2) Europe .....................U.K., Germany, France
(3) Asia .........................Hong Kong, Singapore, China, South Korea, Taiwan
3. The above overseas net sales represent net sales made outside Japan by the Company and consolidated subsidiaries.
15. Commitments and Contingent Liabilities
At March 31, 2011 and 2010, the Group was contingently liable for trade notes and export drafts discounted with banks in the
amount of ¥1,673 million ($20,157 thousand) and ¥1,811 million, respectively.
16. Stock Option
By special resolution at the 47th annual shareholders’ meeting held on June 27, 2003, the Company introduced a stock option plan
in accordance with Article 280-20, 21 of the Commercial Code in Japan, and granted stock purchase rights at advantageous terms
to employees of the Company and directors of subsidiaries, as of June 27, 2003.
The stock purchase rights can be exercised at a price of ¥1,221 ($14.71) per share in the period from July 1, 2005 to June 30,
2010, and a total of 70 thousand shares of common stock could be issued by the exercise of these rights. The stock purchase rights
for those 70 thousand shares that had not been exercised expired on June 30, 2010.
By special resolution at the 48th annual shareholders’ meeting held on June 29, 2004, the Company introduced a stock option
plan in accordance with Article 280-20, 21 of the Commercial Code in Japan, and granted stock purchase rights at advantageous
terms to employees of the Company and directors of affiliates, as of June 29, 2004.
The stock purchase rights can be exercised at a price of ¥1,575 ($18.98) per share in the period from July 1, 2006 to June 30,
2011, and a total of 141.1 thousand shares of common stock could be issued by the exercise of these rights. The exercise price of
stock purchase rights would be adjusted, if the Company issues new shares at a price below the market price.