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31Hitachi, Ltd. Annual Report 2005
Consolidated Statements of Stockholders’ Equity
Hitachi, Ltd. and Subsidiaries
Years ended March 31, 2005, 2004 and 2003
Thousands of
Millions of yen U.S. dollars (note 3)
2005 2004 2003 2005
Common stock (notes 11 and 13):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 282,032 ¥ 282,032 ¥ 282,032 $ 2,635,813
Conversion of convertible debentures . . . . . . . . . . . . . . . . . . 10– 9
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 282,033 ¥ 282,032 ¥ 282,032 $ 2,635,822
Capital surplus (note 13):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 551,690 ¥ 562,214 ¥ 527,010 $ 5,155,981
Gains on sales of treasury stock . . . . . . . . . . . . . . . . . . . . . . . 353 48 – 3,299
Gains on stock exchange upon a merger . . . . . . . . . . . . . . . . 12,509 ––116,907
Increase (decrease) arising from divestiture and other . . . . . . 808 (10,572) 35,204 7,551
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 565,360 ¥ 551,690 ¥ 562,214 $ 5,283,738
Legal reserve (note 14):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 109,163 ¥ 111,309 ¥ 110,751 $ 1,020,215
Net transfer from (to) retained earnings . . . . . . . . . . . . . . . . . 921 (1,849) 554 8,608
Net transfer from (to) minority interests. . . . . . . . . . . . . . . . . . 130 (297) 4 1,215
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 110,214 ¥ 109,163 ¥ 111,309 $ 1,030,038
Retained earnings (note 14):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,651,272 ¥1,655,029 ¥1,643,248 $15,432,449
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,496 15,876 27,867 481,271
Cash dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (34,628) (19,990) (10,013) (323,626)
Net transfer from (to) legal reserve . . . . . . . . . . . . . . . . . . . . . (921) 1,849 (554) (8,608)
Net transfer from (to) minority interests. . . . . . . . . . . . . . . . . . 1,765 (1,492) (5,519) 16,495
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,668,984 ¥1,651,272 ¥1,655,029 $15,597,981
Accumulated other comprehensive loss (note 16):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (393,864) ¥ (755,525) ¥ (258,484) $ (3,680,972)
Other comprehensive income (loss),
net of reclassification adjustments . . . . . . . . . . . . . . . . . . . . 92,666 359,116 (495,861) 866,037
Net transfer from (to) minority interests. . . . . . . . . . . . . . . . . . (326) 2,545 (1,180) (3,046)
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (301,524) ¥ (393,864) ¥ (755,525) $ (2,817,981)
Treasury stock, at cost (note 15):
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (32,162) ¥ (1,847) ¥ (333) $ (300,579)
Acquisition for treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,177) (30,464) (1,514) (11,000)
Sales of treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 478 149 – 4,467
Stock exchange upon a merger . . . . . . . . . . . . . . . . . . . . . . . 15,625 ––146,028
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (17,236) ¥ (32,162) ¥ (1,847) $ (161,084)
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . ¥2,307,831 ¥2,168,131 ¥1,853,212 $21,568,514
Comprehensive income (loss) (note 16):
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 51,496 ¥ 15,876 ¥ 27,867 $ 481,271
Other comprehensive income (loss) arising during the year . . . 97,878 362,893 (492,476) 914,747
Reclassification adjustments for net gain included in
net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,212) (3,777) (3,385) (48,710)
Comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . . ¥ 144,162 ¥ 374,992 ¥ (467,994) $ 1,347,308
See accompanying notes to consolidated financial statements.