Pioneer 2015 Annual Report Download - page 28

(4) Estimated amounts of net sales and operating loss of the transferred business included in the consolidated
statement of income for the year ended March 31, 2015, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Net sales ¥35,240 $293,667
Operating loss ¥ (4,874) $ (40,617)
(1) Amounts and details of the assets and liabilities, consideration and proceeds from Business Transfer in relation to
transfer of the Group’s business relating to development, manufacturing and sale of DJ equipment were as follows:
(2) Amounts and details of the assets and liabilities, consideration and payment for Business Transfer in relation
to transfer of the Group’s business relating to the home AV business, telephone business and headphone-related
business were as follows:
Amounts and details of the assets and liabilities, and reconciliations between proceeds from Business
Transfer and payment for Business Transfer for the year ended March 31, 2015
22. Consolidated Statement of Cash Flows
Millions of Yen
Thousands of
U.S. Dollars
Current assets ¥ 5,008 $ 41,733
Non-current assets 448 3,733
Current liabilities (268) (2,233)
Non-current liabilities (139) (1,158)
Long-term unearned revenue 5,536 46,133
Gain on Business Transfer 48,415 403,458
Consideration ¥59,000 $491,666
Cash and cash equivalents (1,876) (15,633)
Proceed from Business Transfer ¥57,124 $476,033
Millions of Yen
Thousands of
U.S. Dollars
Current assets ¥ 9,380 $ 78,167
Non-current assets 627 5,225
Current liabilities (6,215) (51,792)
Non-current liabilities (174) (1,450)
Accrued expenses 1,558 12,983
Loss on Business Transfer (3,526) (29,383)
Consideration ¥ 1,650 $ 13,750
Cash and cash equivalents (2,377) (19,808)
Advisory fee (395) (3,292)
Payment for Business Transfer ¥(1,122) $ (9,350)
There were no applicable matters for the year ended March 31, 2014.
Under ASBJ Statement No. 17, “Accounting Stan-
dard for Segment Information Disclosures” and ASBJ
Guidance No. 20, “Guidance on Accounting Standard
Segment Information Disclosures,” an entity is re-
quired to report financial and descriptive information
about its reportable segments. Reportable segments
are operating segments or aggregations of operat-
ing segments that meet specified criteria. Reportable
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 per-
formed in order to decide how resources are allocated
among the Group. The Group identifies its business
divisions by product and service. Each business divi-
sion plans its comprehensive Japanese and overseas
strategy for its products and services, and operates
its business activities according to such strategy.
Therefore, the Group’s reportable segments con-
sist of its business divisions, identified by product and
service, which are three segments: “Car Electronics,”
“Home Electronics,” and “Others.”
“Car Electronics” produces and sells car navi-
gation systems, car stereos, car AV systems, car
speakers and others.
“Home Electronics” produces and sells audio
systems, audio components, DJ equipment, equipment
for cable-TV systems, Blu-ray Disc players, Blu-ray
Disc drives, DVD players, DVD drives, AV accessories,
telephones and others.
“Others” produces and sells factory automation
systems, speaker units, electronic devices and parts,
organic light-emitting diode displays and map soft-
ware, and provides electronic manufacturing services
(EMS).
From the fiscal year ended March 31, 2015, the
Group changed the reportable segment of telephones
from “Others” to “Home Electronics” as a result of
business segment review. Information about sales,
profit (loss), assets and other items for the year ended
March 31, 2014 have been restated under the new
classification.
On March 2, 2015, the Group transferred its
home AV, telephones, headphone-related and DJ
equipment businesses.
(2) Methods of measurement for the amounts of sales,
income (loss), assets and other items by each report-
able segment
The accounting policies of each reportable seg-
ment are consistent with those disclosed in Note 2,
“Summary of Significant Accounting Policies.”
Income by reported segment is adjusted to
operating income disclosed in the accompanying
consolidated statement of income.
As described in Note 2.l, the Company changed
its method of computing accrued pension and sever-
ance costs and retirement benefit costs from the year
ended March 31, 2015. Accordingly, the method of
computing accrued pension and severance costs and
retirement benefit costs by each reportable segment
has also been changed.
The effect of this change on segment income (loss)
for the year ended March 31, 2015 was immaterial.
23. Segment Information
52 Pioneer Corporation Annual Report 2015 53
Pioneer Corporation Annual Report 2015