Pioneer 2013 Annual Report Download - page 28

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Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2013 2012 2013
Net Sales ¥451,841 ¥436,753 $4,806,819
Cost of Sales (Note 11) 359,847 343,244 3,828,159
Gross profit 91,994 93,509 978,660
Selling, General and Administrative Expenses (Note 11) 85,997 80,995 914,862
Operating income 5,997 12,514 63,798
Other Income (Expenses):
Interest and dividend income 285 432 3,032
Interest expense (2,587) (2,886) (27,521)
Borrowing fee (455) (674) (4,840)
Loss on sales and disposals of property, plant and equipment—net (3) (668) (32)
Loss on impairment of property, plant and equipment (Note 5) (61) (510) (649)
Exchange (loss) gain (1,090) 1,176 (11,596)
Gain (loss) on sales of investment securities—net (Note 3) 253 (13) 2,691
Loss on impairment of investment securities (5,040) (43) (53,617)
Gain on sales of subsidiary’s stock – 455 –
Insurance income for disaster (Note 13) 291 10,062 3,096
Loss on disaster (Note 13) (490) (9,328) (5,213)
Loss on transfer of retirement benefit plan – (3,908) –
Restructuring costs (Note 14) (6,242) – (66,404)
Others—net (1,659) (706) (17,649)
Other (expenses) income—net (16,798) (6,611) (178,702)
(Loss) income before income taxes and minority interests (10,801) 5,903 (114,904)
Income Taxes (Note 10):
Current 4,495 4,389 47,819
Deferred 4,758 (2,740) 50,617
Total income taxes 9,253 1,649 98,436
Net (loss) income before minority interests (20,054) 4,254 (213,340)
Minority Interests in Net (Loss) Income (502) 584 (5,340)
Net (loss) income ¥ (19,552) ¥ 3,670 $ (208,000)
Yen U.S. Dollars
Per Share of Common Stock (Note 18):
Basic net (loss) income ¥(60.90) ¥11.43 $(0.65)
Diluted net income – – –
Cash dividends, applicable to the year – – –
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2013 2012 2013
Net (Loss) Income Before Minority Interests ¥(20,054) ¥ 4,254 $(213,340)
Other Comprehensive (Loss) Income (Note 17):
Unrealized gain (loss) on available-for-sale securities 1,759 (2,270) 18,713
Deferred gain (loss) on derivatives under hedge accounting 71 (79) 755
Foreign currency translation adjustments 11,172 (1,290) 118,851
Share of other comprehensive income (loss) in associates 167 (51) 1,776
Pension adjustments recognized by foreign consolidated subsidiaries (867) (775) (9,223)
Total other comprehensive income (loss) 12,302 (4,465) 130,872
Comprehensive loss ¥ (7,752) ¥ (211) $ (82,468)
Total comprehensive (loss) income attributable to:
Owners of the parent ¥ (7,709) ¥ (901) $ (82,011)
Minority interests (43) 690 (457)
See notes to consolidated financial statements.
See notes to consolidated financial statements.
Consolidated Statement of Operations
Consolidated Statement of Comprehensive Loss
Pioneer Corporation and Its Subsidiaries
Year ended March 31, 2013
Pioneer Corporation and Its Subsidiaries
Year ended March 31, 2013
Pioneer Corporation Annual Report 2013
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