Nikon 1998 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 1998 Nikon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

18 Nikon Corporation
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
1998 1997 1996 1998
Net sales ¥372,145 ¥379,089 ¥332,799 $2,817,152
Cost of sales 224,545 219,791 188,726 1,699,818
Gross profit 147,599 159,298 144,072 1,117,334
Selling, general and administrative expenses 120,122 112,385 94,793 909,333
Operating income 27,476 46,912 49,279 208,001
Other income (expenses)
Interest and dividend income 1,089 1,197 1,270 8,251
Interest expense (5,953) (6,608) (7,056) (45,069)
Other, net (3,800) (4,790) (8,255) (28,768)
(8,663) (10,201) (14,041) (65,586)
Income before income taxes, minority interest and
equity in earnings of unconsolidated subsidiaries and
associated companies 18,812 36,711 35,238 142,415
Income taxes (Note 8)
Current 11,429 16,719 17,732 86,520
Deferred (831) 72 (1,019) (6,297)
10,597 16,792 16,713 80,223
Income before minority interest and equity in
earnings of unconsolidated subsidiaries and
associated companies 8,215 19,919 18,524 62,192
Minority interest 13 11 22 102
Equity in earnings of unconsolidated subsidiaries
and associated companies 116 29 79 881
Net income ¥8,318 ¥19,936 ¥18,581 $0, 62,971
U.S. Dollars
Yen (Note 1)
Amounts per share (Note 2 (l)):
Net income ¥22.48 ¥53.89 ¥50.23 $ 0.17
Cash dividends applicable to the year 8.00 8.00 6.50 0.06
See accompanying Notes to Consolidated Financial Statements.
18 Nikon Corporation
CONSOLIDATED STATEMENTS OF INCOME
Nikon Corporation and Consolidated Subsidiaries
For the years ended March 31, 1998, 1997 and 1996
QX /NIKON AR 98 9/21 00.4.11 7:39 PM ページ 18