Omron 2009 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2009 Omron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

78
Notes to Consolidated Financial Statements
Omron Corporation and Subsidiaries
The following summarizes information about fixed stock options at March 31, 2009:
Options outstanding
Options exercisable
838,000
601,000
1.86 years
1.31 years
Range of exercise prices
¥ 2,550
to
¥ 3,432
¥ 2,550
to
¥ 3,031
$ 26.02
to
$ 35.02
$ 26.02
to
$ 30.93
¥ 2,930
¥ 2,733
$ 29.90
$ 27.89
Yen U.S. dollars
Weighted-average exercise price
Yen
Shares
Weighted-average
remaining
contractual life
The fair value of each option grant was estimated as of the grant date using the Black-Scholes option-pricing model with the
following assumptions:
No fixed stock options were granted for the years ended March 31, 2009.
Risk-free interest rate
Volatility
Dividend yield
Expected life
2008 2007
1.343%
27.8%
1.166%
3.5 years
1.540%
28.0%
1.068%
3.5 years
U.S. dollars
The Black-Scholes option valuation model used by the
Company was developed for use in estimating the fair
value of fully tradable options, which have no vesting
restrictions and are fully transferable. In addition, option
valuation models require the input of highly subjective
assumptions including the expected stock price volatility. It
is management’s opinion that the Company’s stock options
have characteristics significantly different from those of
traded options and because changes in the subjective
input assumptions can materially affect the fair value esti-
mate, the existing models do not necessarily provide a
reliable single measure of the fair value of its stock options.
Stock-based compensation cost recognized for the
year ended March 31, 2009 was ¥101 million ($1,031 thou-
sand). As of March 31, 2009, total compensation cost relat-
ed to nonvested options and not yet recognized was ¥24
million ($245 thousand), and the weighted-average peri-
od over which it is expected to be recognized is 0.25 years.
There were no cash received from options exercised
under the plan for the year ended March 31, 2009.
When options are exercised, the Company will grant
the Company’s treasury stock.
12. Other Expenses (Income), net
Other expenses (income), net for the years ended March 31, 2009, 2008 and 2007 consisted of the following:
Net loss on sales and disposals of property, plant and equipment
Loss on impairment of property, plant and equipment
Loss on impairment of investment securities and other assets
Loss on impairment of goodwill
Net gain on sales of investment securities
Gain on contribution of securities to retirement benefit trust
Interest income, net
Foreign exchange loss, net
Dividend income
Other, net
Total
2008
2009 2007 2009
Millions of yen
Thousands of
U.S. dollars
¥ 6,427
1,441
682
—
(954)
(10,141)
(710)
1,086
(654)
590
¥ (2,233)
$ 20,235
216,357
55,112
171,561
(653)
—
(1,765)
(10,816)
(8,020)
11,785
$ 453,796
¥ 963
168
2,297
—
(1,571)
—
(828)
1,251
(525)
(668)
¥ 1,087
¥ 1,983
21,203
5,401
16,813
(64)
—
(173)
(1,060)
(786)
1,155
¥ 44,472