Omron 2010 Annual Report Download - page 95

Download and view the complete annual report

Please find page 95 of the 2010 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 112

  • 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
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

95
Financial Section (U.S. GAAP)
14. Discontinued Operations
On April 1, 2007, the Company sold the entire business of
Omron Entertainment Co., Ltd, which had been a consoli-
dated subsidiary, to a third party. In accordance with ASC
No.360, “Property, Plant and Equipment” (previously SFAS
No.144), the Companies presented the gains (net of tax) of
its disposal of the business and the results of discontinued
operations (including operations of subsidiaries that either
have been disposed of or classified as held for sale) as sep-
arate line item in the consolidated statements of operations
under “Income from discontinued operations, net of tax.”
Prior years’ consolidated statements of operations includ-
ing segment information and other related matters were
restated to compare with the consolidated statements of
operations for the year ended March 31, 2009. On the other
hand, the cash flows attributable to the operating, invest-
ing and financing activities of the discontinued operations
were not presented separately from the cash flows attrib-
utable to activities of the continuing operations.
The Companies have no continuing involvement with
the business of Omron Entertainment Co., Ltd.
The following table summarizes selected financial information for the year ended March 31, 2008 for the discontinued operations.
15. Per Share Data
The Company accounts for its net income per share in accor-
dance with ASC No.260, “Earnings Per Share” (previously
SFAS No.128, “Earnings Per Share”). Basic net income per
share has been computed by dividing net income available
to common shareholders by the weighted-average num-
ber of common shares outstanding during each year. Diluted
net income per share reflects the potential dilution of con-
vertible bonds and stock options, and has been computed
by the if-converted method for convertible bonds and by
the treasury stock method for stock options.
A reconciliation of the numerators and denominators of the basic and diluted net income per share computations is as follows:
2008
Net sales
Cost of sales and expenses
Income from discontinued operations before income taxes
Net gain on sales of business entities
Income taxes
Income from discontinued operations, net of tax
Millions of yen
¥—
—
—
5,177
2,123
¥ 3,054
2009 20102010
Income (loss) from continuing operations
Diluted income (loss) from continuing operations
Numerator
Millions of yen
Thousands of
U.S. dollars
¥ 3,621
¥ 3,621
¥ (29,172)
¥ (29,172)
2008
¥ 39,329
¥ 39,329
$ 38,935
$ 38,935
2009 20102010
Income from discontinued operations, net of tax
Diluted income from discontinued operations, net of tax
Millions of yen
Thousands of
U.S. dollars
¥—
¥—
¥—
¥—
2008
¥ 3,054
¥ 3,054
$ —
$ —
2009 20102010
Net income (loss) attributable to shareholders
Diluted net income (loss) attributable to shareholders
Millions of yen
Thousands of
U.S. dollars
¥ 3,518
¥ 3,518
¥ (29,172)
¥ (29,172)
2008
¥ 42,383
¥ 42,383
$ 37,828
$ 37,828