Casio 2011 Annual Report Download - page 48

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46 CASIO COMPUTER CO., LTD.
(ii ) Casio Micronics
Business activities of the division being split off
WLP-related business (research/development/manufacturing/sales)
Business results of the division being split off (year to March 2011)
Sales: ¥5,990 million ($72,169 thousand)
Monetary amounts of assets and liabilities being split off (as at March 31, 2011)
Millions of Yen
Thousands of
U.S. Dollars
Current assets ............................................................................................................................. ¥2,047 $24,663
Noncurrent assets ....................................................................................................................... 2,641 31,819
Total assets ................................................................................................................................. ¥4,689 $56,494
Current liabilities ......................................................................................................................... ¥1,958 $23,590
Noncurrent liabilities ................................................................................................................... 459 5,530
Total liabilities ............................................................................................................................. ¥2,417 $29,120
Note: The monetary amounts of the assets and liabilities being split off are estimates based on the balance sheet at March 31, 2011. The monetary
amounts of the assets and liabilities actually split off will differ due to fluctuations arising until the effective date. The above figures are rounded
off to the nearest million.
3) About the share transfer
a. Number of shares being transferred, transfer amount, and share ownership status before and after the transfer
Number of shares owned before transfer
1 share (scheduled) (ownership ratio: 100%)
Number of shares being transferred
1 share (scheduled) (transfer value: ¥600 million [$7,229 thousand])
Number of shares owned after transfer
0 shares (ownership ratio: 0%)
b. Share transfer schedule
Board of Directors meeting to approve share transfer agreement
June 17, 2011 (Fri)
Date of signing of share transfer agreement
June 17, 2011 (Fri)
Date of debt waiver, share transfer settlement
October 1, 2011 (Sat) (scheduled)
4) Debt waiver granted to consolidated subsidiary
A debt waiver will be granted in relation to loans of approximately ¥7.5 billion ($90.4 million) (estimate) made by the Company to
Casio Micronics.
5) Future outlook
As a result of this transaction, an extraordinary loss of approximately ¥1.9 billion ($22.9 million) is due to be recorded in the first
quarter consolidated accounts of the fiscal year to March 2012. In addition, an extraordinary loss of approximately ¥1.9 billion
($22.9 million) is due to be recorded in the unconsolidated accounts of the fiscal year to March 2012.
Notes to Consolidated Financial Statements Years ended March 31, 2011 and 2010 Casio Computer Co., Ltd. and Subsidiaries