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50 Nikon Annual Report 2009
Notes: 1. Amortization of Goodwill is included in “Depreciation and amortization” for the years ended March 31, 2009 and 2008.
2. Prior to April 1, 2008, inventories of the Company and its domestic subsidiaries were stated at cost, determined principally using the average method. In July 2006,
the ASBJ issued ASBJ Statement No. 9, “Accounting Standard for Measurement of Inventories”. This standard requires that inventories held for sale in the ordinary
course of business be measured at the lower of cost or net selling value, which is defined as the selling price less additional estimated manufacturing costs and esti-
mated direct selling expenses. The replacement cost may be used in place of the net selling value, if appropriate. The standard was effective for fiscal years beginning
on or after April 1, 2008.
The Company and its domestic subsidiaries applied this new accounting standard for measurement of inventories effective April 1, 2008. The effect of this change
was to decrease operating income of the Precision Equipment segment by ¥9,363 million ($95,319 thousand), the Imaging Products segment by ¥613 million
($6,237 thousand), the Instruments segment by ¥665 million ($6,765 thousand) and the Other segment by ¥420 million ($4,271 thousand), respectively.
In addition, loss on disposals of inventory and write-down of inventory, which were previously included in non-operating expenses, is included in cost of sales.
As a result, the effect of this change was to decrease operating income of the Precision Equipment segment by ¥1,851 million ($18,840 thousand), the Imaging
Products segment by ¥882 million ($8,978 thousand), the Instruments segment by ¥459 million ($4,674 thousand) and the Other segment by ¥1,235 million
($12,574 thousand), respectively.
3. As discussed in Note 2 (b), effective April 1, 2008, the Company applied PITF No. 18, “Practical Solution on Unification of Accounting Policies Applied to Foreign
Subsidiaries for the Consolidated Financial Statements”. The effect of this change was to increase operating income of the Precision Equipment segment by ¥5,866
million ($59,718 thousand), the Instruments segment by ¥168 million ($1,715 thousand), the Other segment by ¥2 million ($14 thousand), and decrease operating
income of the Imaging Products segment by ¥7 million ($75 thousand).
(b) Geographic Segments
Millions of Yen
Japan North America Europe Asia/Oceania Tota l
(Eliminations)
or Corporate Consolidated
For the year ended March 31, 2009
Net sales
Outside customers ¥259,844 ¥272,457 ¥219,119 ¥128,299 ¥ 879,719 ¥879,719
Intersegment sales 463,696 2,200 221 141,038 607,155 ¥(607,155)
Total 723,540 274,657 219,340 269,337 1,486,874 (607,155) 879,719
Operating expenses 703,368 271,732 213,174 257,373 1,445,647 (614,113) 831,534
Operating income ¥ 20,172 ¥ 2,925 ¥ 6,166 ¥ 11,964 ¥ 41,227 ¥ 6,958 ¥ 48,185
Assets ¥517,782 ¥ 79,538 ¥ 41,915 ¥ 54,078 ¥ 693,313 ¥ 56,492 ¥749,805
Millions of Yen
Japan North America Europe Asia/Oceania Tota l
(Eliminations)
or Corporate Consolidated
For the year ended March 31, 2008
Net sales
Outside customers ¥379,990 ¥240,591 ¥214,215 ¥120,996 ¥ 955,792 ¥955,792
Intersegment sales 436,719 2,147 232 166,116 605,214 ¥(605,214)
Total 816,709 242,738 214,447 287,112 1,561,006 (605,214) 955,792
Operating expenses 712,671 230,420 206,849 271,311 1,421,251 (600,628) 820,623
Operating income ¥104,038 ¥ 12,318 ¥ 7,598 ¥ 15,801 ¥ 139,755 ¥ (4,586) ¥135,169
Assets ¥543,974 ¥ 71,553 ¥ 54,056 ¥ 71,828 ¥ 741,411 ¥ 79,211 ¥820,622
Thousands of U.S. Dollars
Japan North America Europe Asia/Oceania Tot a l
(Eliminations)
or Corporate Consolidated
For the year ended March 31, 2009
Net sales
Outside customers $2,645,258 $2,773,665 $2,230,675 $1,306,109 $ 8,955,707 $8,955,707
Intersegment sales 4,720,512 22,399 2,254 1,435,791 6,180,956 $(6,180,956)
Total 7,365,770 2,796,064 2,232,929 2,741,900 15,136,663 (6,180,956) 8,955,707
Operating expenses 7,160,419 2,766,284 2,170,157 2,620,103 14,716,963 (6,251,786) 8,465,177
Operating income $ 205,351 $ 29,780 $ 62,772 $ 121,797 $ 419,700 $ 70,830 $ 490,530
Assets $5,271,120 $ 809,709 $ 426,708 $ 550,523 $ 7,058,060 $ 575,099 $7,633,159
North America ...................... U.S.A., Canada
Europe ................................... The Netherlands, Germany, United Kingdom, etc.
Asia/Oceania ......................... China, South Korea, Taiwan, Thailand, Australia, etc.