Olympus 2010 Annual Report Download - page 63

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OLYMPUS 2010 61
(c) Overseas sales information
Millions of yen
Thousands of
U.S. dollars
2010 2009 2008 2010
Export sales (A) ...................................................................................... ¥ 509,923 ¥ 633,542 ¥ 708,648 $ 5,665,811
to North America .................................................................................. 196,076 237,656 240,254 2,178,622
to Europe ............................................................................................. 188,527 257,894 303,110 2,094,744
to Asia.................................................................................................. 100,045 114,152 138,873 1,111,611
to Other areas ...................................................................................... 25,275 23,840 26,411 280,834
Net sales (B) ........................................................................................... ¥ 883,086 ¥ 980,803 ¥ 1,128,875 $ 9,812,067
A/B (%) ................................................................................................... 57.7% 64.6% 62.8% 57.7%
Notes: Segmentation is determined by geographical adjacency.
North America includes the United States and Canada. Europe includes Germany, the United Kingdom, France and other countries.
Asia includes Singapore, Hong Kong, China, South Korea, Australia and other countries.
Other areas include Central and South America, Africa and others.
27. RELATED PARTIES
Not applicable in fiscal 2010 and 2009.
28.SUBSEQUENT EVENTS
The Company resolved, at a meeting of its Board of Directors held on May 11, 2010 to establish a subsidiary.
The purpose and overview of such subsidiary is outlined below.
1. Purpose of establishment
The new company was established for the purposes of sharing management resources related to new business creation within the Olympus
Group to strengthen the total capability of the Group, and of reforming the management system to one that is more efficient so as to
accelerate the discovery and development of new businesses. The new company was established in May 2010 and operations are scheduled
to start upon the injection of a ¥20-billion-scale of capital investment in July 2010 after the transfer of management resources related to
the various new business creation activities of the Company and the Company’s subsidiary ITX Corporation.
2. Overview of subsidiary
(1) Name Olympus Business Creates Corp.
(2) Business activities Discovery and development of new business, and the business management of fledgling subsidiaries
(3) Capital At time of establishment ¥5 million and expected to be ¥11 billion after capital injection
3. Date of establishment
May 2010
4. Equity ratio
The Company owns 80% of voting rights (ITX Corporation is planned to invest 20%)