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52 NIKON REPORT 2016
Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2015 2016 2016
Net sales ¥857,782 ¥822,916 $7,303,124
Cost of sales 532,383 505,298 4,484,360
Gross prot 325,399 317,618 2,818,764
Selling, general and administrative expenses (Note 11) 281,987 280,917 2,493,051
Operating income 43,412 36,701 325,713
Other income (expenses):
Interest and dividend income 2,713 3,246 28,805
Interest expense (1,406) (1,385) (12,289)
Foreign exchange losses (1,789) (172) (1,526)
Loss on sales of property, plant and equipment (56) (26) (234)
Loss on impairment of long-lived assets (Note 6) (16,230) (8,449) (74,984)
Loss on valuation of investment securities (3)
Gain on sales of property, plant and equipment 92 3,173 28,158
Gain on sales of investment securities 4,982 573 5,083
Restructuring expenses (Note 20) (2,726) (24,194)
Environmental expenses (Note 21) (1,833) (16,271)
Equity in earnings of associated companies 1,421 1,449 12,860
Other—net 2,017 3,030 26,902
Other income (expenses)—net (8,259) (3,120) (27,690)
Income before income taxes 35,153 33,581 298,023
Income taxes (Note 12):
Current 11,006 11,008 97,689
Deferred 5,729 282 2,505
Total income taxes 16,735 11,290 100,194
Net income 18,418 22,291 197,829
Net income attributable to non-controlling interests 54 99 881
Net income attributable to owners of the parent ¥ 18,364 ¥ 22,192 $ 196,948
Yen U.S. Dollars (Note 1)
Per share of common stock (Notes 2 (r) and 19):
Basic net income ¥46.29 ¥55.98 $0.50
Diluted net income 46.21 55.85 0.50
Cash dividends applicable to the year 32.00 18.00 0.16
See notes to consolidated nancial statements.
Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2015 2016 2016
Net income ¥18,418 ¥ 22,291 $ 197,829
Other comprehensive income (loss) (Note 18):
Unrealized gain (loss) on available-for-sale securities 7,915 (9,039) (80,220)
Deferred gain (loss) on derivatives under hedge accounting (1,041) 1,166 10,345
Foreign currency translation adjustments 23,201 (28,020) (248,666)
Dened retirement benet plans 928 (4,884) (43,345)
Share of other comprehensive income (loss) in associates 11 18 155
Total other comprehensive income (loss) 31,014 (40,759) (361,731)
Comprehensive income (loss) ¥49,432 ¥(18,468) $(163,902)
Total comprehensive income (loss) attributable to:
Owners of the parent ¥49,271 ¥(18,515) $(164,319)
Non-controlling interests 161 47 417
See notes to consolidated nancial statements.
Consolidated Statement of Income
Nikon Corporation and Consolidated Subsidiaries
Year ended March 31, 2016
Consolidated Statement of Comprehensive Income
Nikon Corporation and Consolidated Subsidiaries
Year ended March 31, 2016