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17. Net Income per Share
Net income per share (“EPS”) for the years ended March 31, 2012 and 2011, was calculated as follows:
Millions of Yen
Thousands of
Shares Yen U.S. Dollars
Net Income
Weighted-
Average Number of
Shares EPS EPS
Year ended March 31, 2012:
Basic EPS
Net income available to common shareholders ¥3,670 321,070 ¥11.43 $0.14
Millions of Yen
Thousands of
Shares Yen
Net Income
Weighted-
Average Number of
Shares EPS
Year ended March 31, 2011:
Basic EPS
Net income available to common shareholders ¥10,350 321,072 ¥32.24
Effect of Dilutive Securities
Convertible bonds (600) 14,181
Diluted EPS
Net income for computation ¥ 9,750 335,253 ¥29.08
Diluted net income per share for the year ended March 31, 2012, is not disclosed as there were no potentially
dilutive securities for the year ended March 31, 2012.
Under ASBJ Statement No. 17, “Accounting Standard
for Segment Information Disclosures” and ASBJ
Guidance No. 20, “Guidance on Accounting Standard
Segment Information Disclosures,” an entity is
required to report financial and descriptive information
about its reportable segments. Reportable segments
are operating segments or aggregations of operating
segments that meet specified criteria. Operating
segments are components of an entity about which
separate financial information is available, and
such information is evaluated regularly by the chief
operating decision maker in deciding how to allocate
resources and in assessing performance. Generally,
segment information is required to be reported on
the same basis as is used internally for evaluating
operating segment performance and deciding how to
allocate resources to operating segments.
(1) Description of reportable segments
The Group’s reportable segments are those for
which separate financial information is available
and regular evaluation by the Board of Directors is
being performed in order to decide how resources
are allocated among the Group. The Group has its
business divisions identified by products and services.
Each business division plans its comprehensive
Japanese and overseas strategy for its products and
services, and operates its business activities.
Therefore, the Group’s reportable segments
consist of its business divisions, identified by products
and services, which are three segments of “Car
Electronics,” “Home Electronics,” and “Others.”
“Car Electronics” produces and sells car
navigation systems, car stereos, car AV systems, car
speakers and others.
“Home Electronics” produces and sells audio
systems, audio components, DJ equipment, and
equipment for cable-TV systems, Blu-ray Disc
players, Blu-ray Disc drives, DVD players, DVD
drives, AV accessories and others.
“Others” produces and sells factory automation
systems, speaker units, electronic devices and parts,
organic light-emitting diode displays, telephones,
business-use AV systems, map software and licensing
of patents related to laser optical disc technologies.
18. Segment Information
48 Pioneer Corporation Annual Report 2012