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30 Nikon Annual Report 2009
Consolidated Statements of Income
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31, 2009 and 2008
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2009 2008 2009
Net sales ¥879,719 ¥955,792 $8,955,707
Cost of sales 561,642 551,551 5,717,626
Gross profit 318,077 404,241 3,238,081
Selling, general and administrative expenses (Note 10) 269,892 269,072 2,747,551
Operating income 48,185 135,169 490,530
Other income (expenses)
Interest and dividend income 2,207 2,910 22,465
Interest expense (1,091) (1,439) (11,106)
Cash discount (4,410) (4,509) (44,894)
Write-down of inventories (5,450)
Loss on disposals of inventories (5,304)
Loss on disposals of property, plant and equipment (1,891) (923) (19,255)
Loss on impairment of fixed assets (721) (264) (7,337)
Loss on sales investment securities (94)
Loss on valuation of investment securities (5,930) (534) (60,373)
Gain on sales of property, plant and equipment 70 179 712
Gain on sales of investment securities 1,635
Environmental expenses (894)
Loss on restructuring of business (1,384)
Equity in earnings of unconsolidated subsidiaries and associated companies 1,022 1,309 10,405
Other — net 1,739 (3,703) 17,714
Other expenses — net (9,005) (18,465) (91,669)
Income before income taxes 39,180 116,704 398,861
Income taxes (Note 11)
Current 12,668 47,750 128,968
Deferred (1,544) (6,530) (15,722)
Total income taxes 11,124 41,220 113,246
Net income ¥ 28,056 ¥ 75,484 $ 285,615
Yen
U.S. Dollars
(Note 1)
Per share of common stock (Notes 2 (s) and 16):
Basic net income ¥70.76 ¥189.00 $0.72
Diluted net income 67.91 181.23 0.69
Cash dividends applicable to the year 18.00 25.00 0.18
See Notes to Consolidated Financial Statements.