Casio 2015 Annual Report Download - page 26

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4225
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
Notes to Consolidated Financial Statements
Reclassifications
Certain reclassifications have been made in the 2014 consolidated financial statements to conform to the
2015 presentation.
Changes in accounting policies
The Company and its consolidated subsidiaries in Japan have applied the “Accounting Standard for
Retirement Benefits” (Accounting Standards Board of Japan (“ASBJ”) Statement No. 26 of May 17, 2012) and
“Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25 of March 26, 2015)
pursuant to certain provisions in the main clause of Article 35 of the standard and in the main clause of Article
67 of the guidance effective from the beginning of the fiscal year ended March 31, 2015. Under the new
standard and guidance, the methods for calculating retirement benefit obligations and service costs are
revised. In addition, the method of attributing expected benefits to periods changed from a point basis to a
benefit formula, and the method for determining the discount rate changed from a method using a discount
rate based on a duration of bonds similar to the average remaining employee service period to a method
using a single weighted average discount rate that reflects the estimated payment period of retirement
benefits and the estimated amount for each payment period.
The accounting change had no effect in the fiscal year ended March 31, 2015.
Accounting standard and guidance that are yet to be adopted
“Revised Accounting Standard for Business Combinations” (ASBJ Statement No. 21, September 13, 2013)
“Revised Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No. 22, September
13, 2013)
“Revised Accounting Standard for Business Divestitures” (ASBJ Statement No. 7, September 13, 2013)
“Revised Accounting Standard for Earnings Per Share” (ASBJ Statement No. 2, September 13, 2013)
“Revised Guidance on Accounting Standard for Business Combinations and Accounting Standard for
Business Divestitures” (ASBJ Guidance No.10, September 13, 2013)
“Revised Guidance on Accounting Standard for Earnings Per Share” (ASBJ Guidance No. 4, September 13,
2013)
(1) Overview
Under the revised accounting standards and guidance, the accounting treatment for changes in a parent’s
ownership interest in a subsidiary when the parent retains control over the subsidiary in the additional
acquisition of shares in the subsidiary and acquisition related costs was revised. In addition, the
presentation method of net income was amended, the name “minority interests” was changed to
“noncontrolling interests,” and the provisional accounting treatment was revised.
(2) Planned Adoption Dates
The Company plans to adopt these revised accounting standards and guidance from the beginning of the
fiscal year ending March 31, 2016. In addition, the provisional accounting treatment will be adopted for
business combinations from the beginning of the fiscal year ending March 31, 2016.
(3) Effect of Adopting these Accounting Standards and Guidance
The Company is currently evaluating the effect of adopting these accounting standards and guidance on
the consolidated financial statements at the time of preparation of these statements.
3. Cash and Cash Equivalents
(1) Cash and cash equivalents at March 31, 2015 and 2014:
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Cash and deposits ..................................................................... ¥ 82,806 ¥ 90,759 $690,050
Time deposits over three months ................................................ (939) (15,449) (7,825)
Debt securities within three months to maturity ............................ 17,110 22,999 142,583
Short-term loans receivable with resale agreement....................... 11,760 15,820 98,000
Cash and cash equivalents ......................................................... ¥110,737 ¥114,129 $922,808
(2) Significant non-cash transactions
1) Assets and obligations relating to finance lease transactions
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Assets relating to finance lease transactions ................................ ¥607 ¥594 $5,058
Obligations relating to finance lease transactions ......................... 650 625 5,417
2) Retirement of treasury shares
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Retirement of treasury shares ...................................................... ¥10,970 ¥— $91,417
3) Exercise of subscription rights to shares of convertible bond-type bonds with subscription rights to shares
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Gain on disposal of treasury shares due to exercise of
subscription rights to shares .................................................... ¥ 77 ¥— $ 642
Decrease in treasury shares due to exercise of subscription
rights to shares ....................................................................... 153 —1,275
Decrease in bonds with subscription rights to shares due to
exercise of subscription rights to shares ................................... ¥230 ¥— $1,917