Pioneer 2009 Annual Report Download - page 51

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Annual Report 2009 49
INDEPENDENT AUDITORS’ REPORT
To the Board of Directors of Pioneer Corporation:
We have audited the accompanying consolidated balance sheets of Pioneer Corporation (the “Company”) and consolidated
subsidiaries (together, the “Group”) as of March 31, 2009 and 2008, and the related consolidated statements of operations,
changes in equity, and cash flows for the years then ended, all expressed in Japanese yen. These consolidated financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Japan. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
consolidated financial position of Pioneer Corporation and consolidated subsidiaries as of March 31, 2009 and 2008, and
the consolidated results of their operations and their cash flows for the years then ended in conformity with accounting
principles generally accepted in Japan.
Our audits also comprehended the translation of Japanese yen amounts into U.S. dollar amounts and, in our opinion, such
translation has been made in conformity with the basis stated in Note 1. Such U.S. dollar amounts are presented solely for
the convenience of readers outside Japan.
June 25, 2009
Deloitte Touche Tohmatsu LLC
MS Shibaura Building
4-13-23, Shibaura
Minato-ku, Tokyo 108-8530
Japan
Tel: +81 (3) 3457 7321
Fax: +81 (3) 3457 7426
www.deloitte.com/jp