Nintendo 2003 Annual Report Download - page 72

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At the annual general meeting held on June 27, 2003, shareholders of the Company approved the year-end cash dividends and
directors' bonuses proposed by the Board of Directors of the Company as follows:
At the same meeting, the Company was authorized to acquire its own shares after June 27, 2003, upon resolution of the
Board of Directors, to a maximum of 14,000 thousand shares at the purchase cost of less than ¥110,000 million ($916,667
thousand).
A. Segment Information by Business Categories
Because the Company and its consolidated subsidiaries operate predominantly in one industry segment which accounts for over
90% of total net sales, operating income and assets, this information is not required.
Note 11. Subsequent Events
Note 12. Segment Information
Japanese Yen in Millions
¥
Year-end cash dividends, ¥70 ($0.58) per share
Directors' bonuses
¥9,403
170
$78,362
1,417
U.S. Dollars in Thousands (Note 1)
$
The Company and its consolidated subsidiaries have been strengthening their compliance with corrective measures. Their past
trade practices in Europe were internally investigated and the result of the investigation was reported to Commission of the
European Communities in January 1998.
Then the Commission announced to impose a fine of EUR149 million on October 30, 2002 after issuing Statement of
Objections in April 2000 referring that the acts fell upon “limitation of competition within the EU common market” which is
prohibited by Article 81 in the EU treaty.
The Company and its consolidated subsidiary found this fine to be unjustly high and appealed to the Court of First Instance of
the European Communities on January 16, 2003.
Note 10. Litigation
68
Nintendo Co., Ltd. and consolidated subsidiaries
Years ended March 31, 2003 and 2002
Notes to Consolidated Financial Statements