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32
NIKON CORPORATION ANNUAL REPORT 2012
CONSOLIDATED STATEMENT OF INCOME
Nikon Corporation and Consolidated Subsidiaries
Year ended March 31, 2012
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2011 2012 2012
Net sales ¥887,513 ¥918,652 $11,177,174
Cost of sales 575,536 567,000 6,898,654
Gross profit 311,977 351,652 4,278,520
Selling, general and administrative expenses (Note 10) 257,924 271,571 3,304,183
Operating income 54,053 80,081 974,337
Other income (expenses)
Interest and dividend income 1,695 2,072 25,210
Interest expense (946) (1,038) (12,629)
Foreign exchange gains 2,995 4,080 49,635
Loss on sales of property, plant and equipment (48) (4) (52)
Loss on disposals of property, plant and equipment (1,001) (251) (3,052)
Loss on impairment of long-lived assets (Note 5) (398) (6,503) (79,119)
Loss on sales of investment securities (82) (96) (1,169)
Loss on valuation of investment securities (4,512) (1) (10)
Gain on sales of property, plant and equipment 91 160 1,941
Gain on sales of investment securities 30 65 793
Insurance income (Note 19) 15,920 193,698
Effect of application of accounting standard for asset retirement obligations (1,073)
Losses from natural disaster (Note 20) (2,313) (12,505) (152,152)
Equity in earnings of unconsolidated subsidiaries and associated companies 1,232 1,535 18,678
Other—net (3,217) 2,653 32,297
Other income (expenses)—net (7,547) 6,087 74,069
Income before income taxes and minority interests 46,506 86,168 1,048,406
Income taxes (Note 11):
Current 13,096 26,627 323,979
Deferred 6,097 235 2,860
Total income taxes 19,193 26,862 326,839
Net income before minority interests 27,313 59,306 721,567
Net income ¥ 27,313 ¥ 59,306 $ 721,567
Yen
U.S. Dollars
(Note 1)
Per share of common stock (Notes 2 (s) and 18):
Basic net income ¥68.90 ¥149.57 $1.82
Diluted net income 68.83 149.41 1.82
Cash dividends applicable to the year 19.00 38.00 0.46
See notes to consolidated financial statements.