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29
TOSHIBA Annual Report 2014
3. U.S. DOLLAR AMOUNTS
U.S. dollar amounts are included solely for convenience of readers. These translations should not be construed as a
representation that the yen could be converted into U.S. dollars at this rate or any other rates. The amounts shown in U.S.
dollars are not intended to be computed in accordance with generally accepted accounting principles in the United
States for the translation of foreign currency amounts. The rate of ¥103=U.S. $1, the approximate current rate of exchange
at March 31, 2014, has been used throughout for the purpose of presentation of the U.S. dollar amounts in the
accompanying consolidated financial statements.
4. DISCONTINUED OPERATION
On March 26, 2014, the Company entered into definitive agreements with Samsung Electronics Co., Ltd. (“Samsung
Electronics”) and OPTIS Co., Ltd. ("OPTIS") for the transfer of its optical disc drive ("ODD") business as part of the
Company's restructuring of the ODD business in response to the changing market environment.
Under the terms of the agreements, Toshiba Samsung Storage Technology Corporation ("TSST"), which is the Company
and Samsung Electronics' Japan-based joint holding company for the ODD business, will transfer Toshiba Samsung
Storage Technology Korea Corporation ("TSST-K"), which is TSST's wholly-owned operating subsidiary, to OPTIS in stages
over three years. As the first step in the transfer process, OPTIS subscribed to a new issue of TSST-K’s shares on April 29,
2014, which diluted TSST’s shareholding in TSST-K to 50.1%.
In accordance with ASC No.205-20, operating results relating to the ODD business are separately presented as
discontinued operations in the consolidated statements of income.
Operating results relating to the ODD business, which are reclassified as discontinued operations, are as follows.
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2014 2013 2014
Sales and other income ¥ 74,733 ¥ 73,749 $ 725,563
Costs and expenses 89,754 78,732 871,398
Loss from discontinued operations,
before income taxes and noncontrolling interests (15,021) (4,983) (145,835)
Income taxes 000
Loss from discontinued operations,
before noncontrolling interests (15,021) (4,983) (145,835)
Less:Net income (loss) from discontinued operations
attributable to noncontrolling interests (6,319) (2,504) (61,350)
Net loss from discontinued operations
attributable to shareholders of the Company (8,702) (2,479) (84,485)