Nikon 2012 Annual Report Download - page 56

54
NIKON CORPORATION ANNUAL REPORT 2012
In June 2010, the ASBJ issued revised ASBJ Statement No. 2 (revised 2006) Accounting Standard for Earnings Per Share,
ASBJ Guidance No. 4 (revised 2006) Guidance on Accounting Standard for Earnings Per Share, and ASBJ PITF No. 9 (revised 2006)
Practical Solution on Accounting for Earnings Per Share, which were effective for fiscal years beginning on or after April 1, 2011.
Effective April 1, 2011, the Company changed its method of calculating diluted earnings per share from not including the fair
value of services to the assumed proceeds from the exercise of dilutive stock options with service conditions to including such
fair value.
The effect of retrospective application of this accounting policy change was immaterial.
19. Insurance Income
Nikon (Thailand) Co., Ltd., which incurred damage due to the floods in Thailand in October 2011, recorded as insurance income the
reimbursement received for a part of the losses of property, plant and equipment and inventories affected by the disaster.
20. Losses from Natural Disaster
The Group incurred losses from a natural disaster of ¥2,313 million in 2011 in connection with the Great East Japan Earthquake
which took place on March 11, 2011.
The losses mainly include expenses to restore certain property, plant and equipment to their original state of ¥776 million,
expenses to restore certain inventories to original state of ¥616 million and losses on abandonment and valuation of ¥238 million.
The Group incurred losses from a natural disaster of ¥12,505 million in 2012, which includes the loss of noncurrent assets,
inventories and other expenses, due to the floods in Thailand which took place in October 2011.
The loss mainly includes the following:
Millions of Yen
Thousands of
U.S. Dollars
Disposal and impairment loss of noncurrent assets ¥6,790 $82,615
Disposal and write-down of inventories 2,117 25,757
Restoration cost and others 1,579 19,207
21. Subsequent Events
Appropriations of Retained Earnings
The following appropriation of retained earnings at March 31, 2012 was approved at the Company’s shareholders’ meeting held
on June 28, 2012:
Millions of Yen
Thousands of
U.S. Dollars
Year-end cash dividends, ¥21.00 ($0.26) per share ¥8,327 $101,317
22. Segment Information
1. Description of reportable segments
The Group’s reportable segments are those for which separate
financial information is available and regular consideration by
the Company’s management is being performed in order to
decide how resources are allocated among the Group and
evaluate the performance of the segments.
Therefore, the Group has three reportable segments:
the Precision Equipment Business, the Imaging Products
Business and the Instruments Business.
The Precision Equipment Business provides products
and services of IC steppers and LCD steppers. The Imaging
Products Business provides products and services of imaging
products and its peripheral domain, like digital SLR cameras,
compact digital cameras and interchangeable camera lenses.
The Instruments Business provides products and services
of microscopes, measuring instruments and inspection
equipments.
2. Methods of measurement for the amounts of sales,
profit (loss), assets, liabilities and other items for each
reportable segment
The accounting policies of each reportable segment are con-
sistent to those disclosed in Note 2, “Summary of Significant
Accounting Policies.” Figures for segment profit (loss) are
on an operating income (loss) basis. Intersegment sales or
transfers are based on current market prices.