Pioneer 2014 Annual Report Download - page 28

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Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2014 2013 2014
Net Sales ¥498,051 ¥451,841 $4,835,447
Cost of Sales (Note 10) 396,705 359,847 3,851,505
Gross profit 101,346 91,994 983,942
Selling, General and Administrative Expenses (Note 10) 90,177 85,997 875,505
Operating income 11,169 5,997 108,437
Other Income (Expenses):
Interest and dividend income 281 285 2,728
Interest expense (2,672) (2,587) (25,942)
Borrowing fee (395) (455) (3,835)
Gain (loss) on sales and disposals of property, plant and equipment—net 1,328 (3) 12,893
Loss on impairment of property, plant and equipment (14) (61) (136)
Foreign exchange loss (1,990) (1,090) (19,321)
(Loss) gain on sales of investment securities—net (Note 3) (1) 253 (10)
Loss on impairment of investment securities (Note 3) – (5,040) –
Insurance income for disaster (Note 12) 630 291 6,117
Loss on disaster – (490) –
Restructuring costs (Note 13) (1,311) (6,242) (12,728)
Others—net (1,360) (1,659) (13,203)
Other income (expenses)—net (5,504) (16,798) (53,437)
Income (loss) before income taxes and minority interests 5,665 (10,801) 55,000
Income Taxes (Note 9):
Current 3,750 4,495 36,407
Deferred 1,409 4,758 13,680
Total income taxes 5,159 9,253 50,087
Net income (loss) before minority interests 506 (20,054) 4,913
Minority Interests in Net Loss (25) (502) (242)
Net income (loss) ¥ 531 ¥ (19,552) $ 5,155
Yen U.S. Dollars
Per Share of Common Stock (Note 17):
Basic net income (loss) ¥1.49 ¥(60.90) $0.01
Diluted net income – – –
Cash dividends, applicable to the year – – –
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2014 2013 2014
Net Income (Loss) Before Minority Interests ¥ 506 ¥(20,054) $ 4,913
Other Comprehensive Income (Loss) (Note 16):
Unrealized gain on available-for-sale securities 473 1,759 4,592
Deferred gain on derivatives under hedge accounting 34 71 330
Foreign currency translation adjustments 6,546 11,172 63,553
Share of other comprehensive income in associates 283 167 2,748
Pension adjustments recognized by foreign consolidated subsidiaries (269) (867) (2,612)
Total other comprehensive income 7,067 12,302 68,611
Comprehensive income (loss) ¥7,573 ¥ (7,752) $73,524
Total comprehensive income (loss) attributable to:
Owners of the parent ¥7,341 ¥ (7,709) $71,272
Minority interests ¥ 232 ¥ (43) $ 2,252
See notes to consolidated financial statements.
See notes to consolidated financial statements.
Consolidated Statement of Comprehensive Income (Loss)
Pioneer Corporation and Its Subsidiaries
Year ended March 31, 2014
Pioneer Corporation and Its Subsidiaries
Year ended March 31, 2014
Consolidated Statement of Operations
26 Pioneer Corporation
Annual Report 2014