Wacom 2006 Annual Report Download - page 30

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13. Earnings per share information:
Basic net income per share for the years ended March 31, 2005
and 2006 amounts to ¥9,826.49 and ¥5,420.51 ($46.14),
respectively. D iluted net income per share amounts to ¥9,386.80
and ¥ 5,283.96 ($44.98) for 2005 and 2006, respectively.
The computation of net income per share is based on the
weighted-average number of common shares outstanding and net
income attributable to the common shareholders during each fiscal
year, as shown below.
14. Contingent liabilities:
Based upon information currently available, the Company and its
subsidiaries have no significant pending lawsuits.
The following are the stock options granted to directors and
employees which would result in an increase in the number of
common shares with the following exercise prices.
12. D erivatives:
All derivative transactions are entered into to hedge foreign
currency exposures incorporated within the Company’s business.
Accordingly, the market risk in these derivatives is basically offset by
opposite movements in the value of hedged assets or liabilities. The
Company does not hold derivatives for trading or speculative
purposes. Because the counterparties to these derivatives are
limited to major international finance institutions, the Company
does not anticipate any losses arising from credit risk.
D erivative transactions entered into by the Company have been
come out in accordance with internal policies which regulate the
authorization and credit limit amount.
Certain information on outstanding derivative contracts is shown below.
(2) Minimum lease payments under non-cancelable operating
leases are as follows:
Foreign exchange forward contracts:
To sell U.S. dollars ¥295,596 ¥298,457 ¥2,861
Foreign exchange forward contracts:
To sell U.S. dollars
To sell Euros
¥ –
140,665
¥ –
141,867
¥ –
(1,202)
Thousands of yen
March 31, 2005
Thousands of yen
March 31, 2006
March 31 March 31
Basic net income per share:
N et income
Amounts not attributable to the
common shareholders
N et income attributable to the common
shareholders
W eighted-average number of common
shares outstanding during each fiscal year
(unit: shares )
D iluted net income per share:
Adjustments to net income
Increase in the number of common
shares outstanding during each fiscal
year that would result in exercising
options to issue new shares (unit: shares
)
¥944,392
(14,000)
¥930,392
94,682
¥–
4,435
¥2,145,821
(28,000)
¥2,117,821
390,705
¥–
10,097
$18,267
(238)
$18,029
390,705
$–
10,097
N ovember 8,
2002
June 26,
2003
June 24,
2004
June 23,
2005
4,750
1,860
300
200
7,110
¥71,000
¥639,100
¥1,230,900
242,865
Thousands of
U.S. dollars
Thousands of yen
D ate of
ordinary
shareholders’
meeting
N umber of
common share
granted
(shares)
Exercise price
per share
(exact yen) Exercise periods
2005 2006 2006
Contract
amount Fair value
Unrealized
gain/(loss
)
Contract
amount Fair value
Unrealized
gain/(loss
)
D ue within one year
D ue after one year
Total minimum lease payments
¥11,116
21,382
¥32,498
¥18,523
24,211
¥42,734
$157
206
$363
Thousands of
U.S. dollars
Thousands of yen
March 31
2005 2006 2006
March 31
Stock option to
purchase newly
issued shares
From N ovember 9, 2004
to O ctober 31, 2011
From June 27, 2005
to June 26, 2008
From June 25, 2006
to June 24, 2009
From June 24, 2007
to June 23, 2010
Foreign exchange forward contracts:
To sell U.S. dollars
To sell Euros
$ –
1,197
$ –
1,207
$ –
(10)
Thousands of U.S. dollars
March 31, 2006
Contract
amount Fair value
Unrealized
gain/(loss
)
W acom Co., Ltd. Annual Report 2006
There are no impairment losses allocated to leased assets.