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53
Nikon Corporation Annual Report 2010
Notes: 1. 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 defi ned as the selling price less additional estimated manufacturing
costs and estimated direct selling expenses. The replacement cost may be used in place of the net selling value, if appropriate. The standard was effective for
fi scal 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. In addition, loss on
disposals of inventory and write-down of inventory, which were previously included in non-operating expenses, are included in cost of sales.
2. As discussed in Note 2 (b), effective April 1, 2008, the Company applied PITF No. 18, “Practical Solution on Unifi cation of Accounting Policies Applied to Foreign
Subsidiaries for the Consolidated Financial Statements”.
3. In July 2008, the ASBJ issued ASBJ Statement No. 19, “Accounting Standard for Retirement and Pension plans”, which revised the previous accounting standard
for Retirement and Pension plans issued in June 1998. There was no effect from this change.
(c) Export Sales
For the years ended March 31, 2010 and 2009
Millions of Yen, %
Thousands of
U.S. Dollars
2010 (A)/(B) 2009 (A)/(B) 2010
Export sales (A)
North America ¥245,112 31.2% ¥261,369 29.7% $2,634,483
Europe 189,507 24.1 208,958 23.7 2,036,838
Asia/Oceania 195,629 24.9 232,034 26.4 2,102,638
Other Area 16,223 2.1 13,677 1.6 174,367
Total ¥646,471 82.3% ¥716,038 81.4% $6,948,326
Net sales (B) ¥785,499 ¥879,719 $8,442,593
North America .........................U.S.A., Canada
Europe .........................................The Netherlands, Germany, United Kingdom, France, etc.
Asia/Oceania .............................China, South Korea, Taiwan, Singapore, Australia, etc.
Other Area .................................Middle & South America, Africa, etc.