Nikon 1999 Annual Report Download - page 16

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14
consolidated statements of operations
Nikon Corporation and Consolidated Subsidiaries
For the years ended March 31, 1999, 1998 and 1997
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
1999 1998 1997 1999
Net sales ¥305,764 ¥372,145 ¥379,089 $2,536,415
Cost of sales 205,984 224,545 219,791 1,708,704
Gross profit 99,780 147,599 159,298 827,711
Selling, general and administrative expenses 108,521 120,122 112,385 900,221
Operating income (loss) (8,741) 27,476 46,912 (72,510)
Other income (expenses):
Interest and dividend income 1,150 1,089 1,197 9,545
Interest expense (5,641) (5,953) (6,608) (46,799)
Equity in earnings of unconsolidated subsidiaries
and associated companies 96 116 29 799
Other, net (4,311) (3,800) (4,790) (35,765)
(8,706) (8,547) (10,172) (72,220)
Income (loss) before income taxes, minority interest (17,447) 18,929 36,740 (144,730)
Income taxes (Note 9):
Current 1,498 11,429 16,719 12,429
Deferred (709) (831) 72 (5,889)
Minority interest (2) 13 11 (23)
Net income (loss) ¥(18,232) ¥ 8,318 ¥ 19,936 $ (151,247)
U.S. Dollars
Yen (Note 1)
Per share of common stock (Note 2 (l)):
Net income (loss) ¥ (49.28) ¥ 22.48 ¥ 53.89 $ (0.41)
Cash dividends applicable to the year 3.00 8.00 8.00 0.02
See Notes to Consolidated Financial Statements.
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