Pioneer 2015 Annual Report Download - page 13

Pioneer Corporation and Its Subsidiaries
March 31, 2015
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
ASSETS 2015 2014 2015
Current Assets:
Cash and cash equivalents (Note 17) ¥ 51,676 ¥ 33,904 $ 430,633
Time deposits (Note 17) 484 1,493 4,033
Receivables (Note 17):
Trade receivables 79,158 85,560 659,650
Inventories (Note 4) 63,295 70,371 527,459
Deferred tax assets (Note 10) 4,563 4,542 38,025
Other current assets 20,666 16,990 172,217
Allowance for doubtful receivables (2,195) (1,448) (18,292)
Total current assets 217,647 211,412 1,813,725
Property, Plant and Equipment (Notes 5, 6 and 7):
Land 16,053 18,143 133,775
Buildings and structures 64,524 68,419 537,700
Machinery, equipment and others 60,067 65,230 500,558
Lease assets 15,040 12,668 125,333
Construction in progress 484 434 4,033
Others 79,657 78,677 663,809
Total 235,825 243,571 1,965,208
Accumulated depreciation (178,196) (182,742) (1,484,966)
Net property, plant and equipment 57,629 60,829 480,242
Investments and Other Assets:
Investment securities (Notes 3, 7 and 17) 4,255 5,195 35,458
Investments in associated companies (Note 17) 2,094 2,034 17,450
Software 25,600 17,058 213,333
Software in progress 14,376 21,237 119,800
Goodwill 522 564 4,350
Deferred tax assets (Note 10) 2,049 5,697 17,075
Net defined benefit asset (Note 8) 1,118 594 9,317
Other assets (Note 8) 3,067 3,404 25,558
Allowance for doubtful accounts (80) (111) (666)
Total investments and other assets 53,001 55,672 441,675
Total ¥ 328,277 ¥ 327,913 $ 2,735,642
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
LIABILITIES AND EQUITY 2015 2014 2015
Current Liabilities:
Short-term borrowings (Notes 7 and 17) ¥ 17,871 ¥ 22,178 $ 148,925
Current portion of long-term debt (Notes 7 and 17) 8,135 67,476 67,792
Trade payables (Note 17) 76,359 71,657 636,325
Income taxes payable (Note 17) 2,266 2,817 18,883
Accrued expenses 44,834 28,973 373,617
Warranty reserve 2,531 2,290 21,092
Other current liabilities 22,035 16,425 183,624
Total current liabilities 174,031 211,816 1,450,258
Long-term Liabilities:
Long-term debt (Notes 7 and 17) 10,936 1,519 91,133
Accrued pension and severance costs (Note 8) 32,202 34,585 268,350
Other long-term liabilities (Note 10) 4,042 2,177 33,684
Total long-term liabilities 47,180 38,281 393,167
Commitments and Contingent Liabilities (Notes 12 and 18):
Equity (Note 9):
Common stock, no par value
Authorized: 800,000,000 shares;
Issued: 372,223,436 shares in 2015 and 2014 91,732 91,732 764,433
Capital surplus 56,016 56,016 466,800
Retained earnings 33,277 17,849 277,308
Treasury stock—at cost, 5,028,727 shares in 2015 and 5,026,895 shares in 2014 (11,051) (11,051) (92,092)
Accumulated other comprehensive income (loss):
Unrealized (loss) gain on available-for-sale securities (105) 1,168 (875)
Foreign currency translation adjustments (47,369) (59,688) (394,742)
Defined retirement benefit plans (Note 8) (20,767) (23,567) (173,058)
Total accumulated other comprehensive loss (68,241) (82,087) (568,675)
Minority interests 5,333 5,357 44,443
Total equity 107,066 77,816 892,217
Total ¥328,277 ¥327,913 $2,735,642
See notes to consolidated financial statements. See notes to consolidated financial statements.
Consolidated Balance Sheet
22 Pioneer Corporation Annual Report 2015 23
Pioneer Corporation Annual Report 2015