Toshiba 2007 Annual Report Download - page 112

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Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2007
The acquired assets did not include any research and development in progress. Pursuant to the terms of the agreement among
the shareholders of TNEHs, Shaw and IHI will not be allowed to assign their equity interests in TNEHs to a third party for
a period of six years except under certain specified circumstances, whereas they are entitled to sell the whole or a part of their
equity interests to Toshiba during the said period (except the period up to March 31, 2010). For its part, Toshiba is also enti-
tled to purchase from Shaw or IHI the whole or a part of their equity interests in TNEHs on certain specified conditions.
These rights are in place for the purpose of protecting the interests of the minority shareholders and preventing equity partici-
pation by a third party who may put Toshiba at disadvantage.
If the acquisition had taken place on April 1, 2005, Toshiba’s unaudited pro-forma operating results would have been as
summarized below.
Millions of
Billions of yen U.S. dollars
Year ended March 31 2007 2006 2007
Net sales ¥7,232.0 ¥6,563.5 $61,288
Net income 140.2 105.0 1,188
yen U.S. dollars
Year ended March 31 2007 2006 2007
Net income per share of common stock ¥43.61 ¥32.67 $0.37
Diluted net income per share of common stock 40.24 30.14 0.34
Pro-forma data has been prepared for comparative purpose only and is not intended to be indicative of what the Company’s
results would have been had the acquisition occurred at the beginning of the periods presented or the results which may occur
in the future.