Mitsubishi 2009 Annual Report Download - page 60

(b) Geographical segments
The geographical segment information for MMC and its consolidated subsidiaries for the years ended March 31, 2009 and 2008 is
summarized as follows:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Net sales:
Japan ¥1,600,176 ¥2,021,524 $16,290,101
North America 232,063 392,765 2,362,447
Europe 356,143 657,169 3,625,611
Asia 305,006 358,339 3,105,019
Other areas 173,395 207,172 1,765,199
Total 2,666,785 3,636,971 27,148,379
Corporate and eliminations (693,212) (954,867) (7,057,035)
Consolidated ¥1,973,572 ¥2,682,103 $20,091,343
Operating income (loss):
Japan ¥ 2,561 ¥ 82,891 $ 26,080
North America (23,605) (10,586) (240,303)
Europe (4,461) 20,255 (45,420)
Asia 20,618 19,894 209,896
Other areas 1,055 (4,711) 10,746
Total (3,831) 107,743 (39,000)
Corporate and eliminations 7,757 853 78,971
Consolidated ¥ 3,926 ¥ 108,596 $ 39,971
Total assets:
Japan ¥ 932,233 ¥1,203,966 $ 9,490,315
North America 166,008 221,339 1,690,002
Europe 120,420 212,843 1,225,901
Asia 201,727 218,923 2,053,624
Other areas 53,008 101,256 539,637
Total 1,473,399 1,958,329 14,999,480
Corporate and eliminations (335,389) (348,921) (3,414,327)
Consolidated ¥1,138,009 ¥1,609,408 $11,585,153
Note: 1. National and regional groupings are classified by geographical proximity and mutual relevance of business activities.
2. Main countries and regions outside Japan are grouped as follows;
(1) North America ...... The United States
(2) Europe ............ The Netherlands
(3) Asia ............... Thailand, Philippines
(4) Other ............. Australia, New Zealand, UAE, Puerto Rico
National and regional groupings have been classified by “geographical proximity and mutual relevance of business activities”. However, for the consistency with
in-house management, Puerto Rico, which had been included in “North America” until the previous fiscal year, is included in “Other” from the beginning of this
fiscal year.
As a result of this change, as compared to the amount that would have been recorded under the previous groupings, net sales for “Other” increased by ¥22,152
million ($225,512 thousand); same for “North America” decreased by ¥20,801 million ($211,764 thousand); and same for “Corporate and eliminations” decreased by
¥1,350 million ($13,747 thousand). In addition, operating income for “Other” increased by ¥592 million ($6,032 thousand); same for “North America” decreased by
¥594 million ($6,052 thousand); and same for “Corporate and eliminations” increased by ¥1 million ($20 thousand).
3. Changes in accounting treatment
(1) Accounting Standard for Measurement of Inventories
As described in the “Changes in Accounting Policies”, from the beginning of this fiscal year, the “Accounting Standard for Measurement of Inventories” (ASBJ
Statement No. 9, issued on July 5, 2006) has been adopted. Accordingly, the operating income for “Japan” decreased by ¥245 million ($2,499 thousand) as
compared to the amount that would have been recorded under the previous method.
(2) Practical solution on unification of accounting policies applied to foreign subsidiaries for consolidated financial statements
As described in the “Changes in Accounting Policies”, from the beginning of this fiscal year, the “Practical Solution on Unification of Accounting Policies Applied to
Foreign Subsidiaries for Consolidated Financial Statements” (PITF Practical Solution No. 18, issued on May 17, 2006) has been adopted. Accordingly, the operating
income for “Asia” increased by ¥1,943 million ($19,789 thousand) as compared to the amount that would have been recorded under the previous method.
58 MITSUBISHI MOTORS CORPORATION Annual Report 2009