Pioneer 2016 Annual Report Download - page 26

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Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2016 2015 2016
Net Sales ¥449,630 ¥501,676 $3,979,027
Cost of Sales (Notes 8, 11 and 20) 372,715 403,072 3,298,363
Gross profit 76,915 98,604 680,664
Selling, General and Administrative Expenses (Notes 8, 11 and 20) 69,611 90,826 616,027
Operating income 7,304 7,778 64,637
Other Income (Expenses):
Interest and dividend income 340 322 3,009
Interest expense (1,161) (2,431) (10,274)
Maintenance expense for idle assets (278) (415) (2,460)
(Loss) gain on sales and disposals of property, plant and equipment—net (607) 327 (5,372)
Loss on impairment of property, plant and equipment (Note 5) (131) (1,331) (1,159)
Foreign exchange gain (loss) 1,560 (6,450) 13,805
Gain on sales of investment securities—net (Note 3) 702 1,596 6,212
Gain on business transfer (Notes 14 and 19) 351 48,415 3,106
Restructuring costs (Note 13) (1,936) (13,250) (17,133)
Others—net (1,244) (9,331) (11,008)
Other (expenses) income—net (2,404) 17,452 (21,274)
Income before income taxes 4,900 25,230 43,363
Income Taxes (Note 10):
Current 3,642 6,532 32,230
Deferred 519 4,610 4,593
Total income taxes 4,161 11,142 36,823
Net income 739 14,088 6,540
Net income (loss) attributable to noncontrolling interests 8 (544) 71
Net income attributable to owners of Pioneer Corporation ¥ 731 ¥ 14,632 $ 6,469
Yen U.S. Dollars
Per Share of Common Stock (Note 18):
Basic net income ¥1.99 ¥39.85 $0.02
Diluted net income 1.93 – 0.02
Cash dividends, applicable to the year – – –
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2016 2015 2016
Net Income ¥ 739 ¥14,088 $ 6,540
Other Comprehensive (Loss) Income (Note 17):
Unrealized loss on available-for-sale securities (181) (1,273) (1,602)
Deferred loss on derivatives under hedge accounting (88) –(779)
Foreign currency translation adjustments (9,454) 12,622 (83,663)
Defined retirement benefit plans (7,590) 2,800 (67,168)
Share of other comprehensive (loss) income in associates (35) 207 (310)
Total other comprehensive (loss) income (17,348) 14,356 (153,522)
Comprehensive (loss) income ¥(16,609) ¥28,444 $(146,982)
Total comprehensive (loss) income attributable to:
Owners of Pioneer Corporation ¥(16,088) ¥28,478 $(142,372)
Noncontrolling interests ¥ (521) ¥ (34) $ (4,610)
See notes to consolidated financial statements.
See notes to consolidated financial statements.
Pioneer Corporation and Its Subsidiaries
Year Ended March 31, 2016
Pioneer Corporation and Its Subsidiaries
Year Ended March 31, 2016
Consolidated Statement of Income
Consolidated Statement of Comprehensive Income
24 Pioneer Corporation Annual Report 2016