Pioneer 2009 Annual Report Download - page 26

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PIONEER CORPORATION24
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2009 2008 2009
Operating Revenue:
Net sales ¥ 558,236 ¥772,478 $ 5,696,286
Other operating revenue 601 1,999 6,132
Total operating revenue 558,837 774,477 5,702,418
Cost of Sales 477,965 602,917 4,877,194
Gross profit 80,872 171,560 825,224
Selling, General and Administrative Expenses (Notes 11 and 12) 135,401 162,344 1,381,642
Operating income (loss) (54,529) 9,216 (556,418)
Other Income (Expenses):
Interest and dividend income 3,696 6,922 37,714
Interest expense (2,840) (2,507) (28,979)
Gain (loss) on sale and disposal of property, plant and equipment—net (1,895) 11,871 (19,337)
Loss on impairment of property, plant and equipment (Note 5) (4,132) (22,692) (42,163)
Exchange loss (243) (1,385) (2,480)
Equity in earnings (losses) of affiliated companies—net (132) 136 (1,347)
Loss on impairment of investment securities (14,871) (99) (151,745)
Restructuring costs (Note 13) (24,744) –(252,490)
Others—net (249) 636 (2,541)
Other expenses—net (45,410) (7,118) (463,368)
Income (loss) before income taxes and minority interests (99,939) 2,098 (1,019,786)
Income Taxes (Note 10):
Current 4,805 8,600 49,031
Deferred 25,620 12,135 261,428
Total income taxes 30,425 20,735 310,459
Minority Interests 165 403 1,684
Net loss ¥(130,529) ¥ (19,040) $(1,331,929)
Yen U.S. Dollars
Per Share of common stock (Note 15):
Basic net loss ¥(636.68) ¥(103.95) $(6.50)
Cash dividends, applicable to the year ¥ 0.0 ¥ 7.5 $ 0.0
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF OPERATIONS
Pioneer Corporation and Subsidiaries
Years ended March 31, 2009 and 2008