Nikon 2011 Annual Report Download - page 34

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32
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2010 2011 2011
Net sales ¥785,499 ¥887,513 $10,673,638
Cost of sales 552,409 575,536 6,921,659
Gross profit 233,090 311,977 3,751,979
Selling, general and administrative expenses (Note 10) 246,944 257,924 3,101,913
Operating income (loss) (13,854) 54,053 650,066
Other income (expenses)
Interest and dividend income 1,251 1,695 20,384
Interest expense (1,226) (946) (11,373)
Cash discounts (3,958) (3,388) (40,742)
Foreign exchange gains 127 2,995 36,019
Loss on sales of property, plant and equipment (4) (48) (573)
Loss on disposals of property, plant and equipment (451) (1,001) (12,037)
Loss on impairment of long-lived assets (Note 5) (115) (398) (4,783)
Loss on sales of investment securities (13) (82) (991)
Loss on valuation of investment securities (220) (4,512) (54,268)
Gain on sales of property, plant and equipment 82 91 1,095
Gain on sales of investment securities 98 30 364
Non-recurring depreciation on noncurrent assets (86)
Environmental expenses (206)
Loss on restructuring of business (1,422)
Effect of application of accounting standard for asset retirement obligations (1,073) (12,908)
Losses from natural disaster (Note 20) (2,313) (27,819)
Equity in earnings of unconsolidated subsidiaries and associated companies 992 1,232 14,812
Other—net 1,333 171 2,055
Other expenses—net (3,818) (7,547) (90,765)
Income (loss) before income taxes (17,672) 46,506 559,301
Income taxes (Note 11):
Current 8,293 13,096 157,499
Deferred (13,350) 6,097 73,328
Total income taxes (5,057) 19,193 230,827
Net income before minority interests 27,313 328,474
Net income (loss) ¥ (12,615) ¥ 27,313 $328,474
Yen
U.S. Dollars
(Note 1)
Per share of common stock (Notes 2 (u) and 18):
Basic net income (loss) ¥(31.82) ¥68.90 $0.83
Diluted net income 68.83 0.83
Cash dividends applicable to the year 8.00 19.00 0.23
See Notes to Consolidated Financial Statements.
Consolidated Statements of Operations
Nikon Corporation and Consolidated Subsidiaries
Years ended March 31, 2010 and 2011