Wacom 2008 Annual Report Download - page 36

d) Elimination or Corporate assets of ¥10,326,263 thousand and
¥12,454,873 thousand ($124,313 thousand) at March 31, 2007
and 2008, respectively, mainly include cash, investment
securities and assets belonging to the general and
administrative departments of the Company.
e) Change in accounting policy: Depreciation for property, plant
and equipment acquired on and after April 1, 2007 has been
changed in conformity with the revised Corporation of Tax Law
of Japan. See Note 2.
(3) Overseas sales-
I. Overseas sales
II. Consolidated sales
lll. Percentage of overseas sales
to consolidated sales
Thousands of yen
March 31, 2007
¥9,137,505
–
31.8%
North
America
¥5,993,800
–
20.8%
Asia/
Oceania
¥265,769
–
0.9%
Others
¥21,678,060
28,787,066
75.3%
Total
¥6,280,986
–
21.8%
Europe
Notes:a) Countries or regions are determined by geographical
proximity.
b) Principal countries or regions belonging to each segment:
i) North America: U.S.A. and Canada
ii) Europe: The United Kingdom, Germany, France,
Netherlands, etc.
iii) Asia/ Oceania: South Korea, Taiwan, Australia, China, etc.
iv) Others: Middle East, South America, Africa, etc.
c) Overseas sales comprise the sales of the Company and its
subsidiaries outside Japan.
I. Overseas sales
II. Consolidated sales
lll. Percentage of overseas sales
to consolidated sales
Thousands of yen
March 31, 2008
¥10,996,721
–
29.9%
North
America
¥9,573,488
–
26.1%
Asia/
Oceania
¥8,277,094
–
22.5%
Europe
¥414,055
–
1.1%
Others
¥29,261,358
36,739,196
79.6%
Total
I. Overseas sales
II. Consolidated sales
lll. Percentage of overseas sales
to consolidated sales
Thousands of U.S. dollars
March 31, 2008
$109,759
–
29.9%
North
America
$95,553
–
26.1%
Asia/
Oceania
$82,614
–
22.5%
Europe
$4,133
–
1.1%
Others
$292,059
366,695
79.6%
Total
18.Business combination:
(1) Summary of business combination-
Name of acquired company
Business acquired
Purpose of the acquisition
Acquisition date
Legal structure of the acquisition
Name of the company
after acquisition
Acquired voting rights
Touchscreen Konnection Oasis, Inc.
Designing, manufacturing and sales
of resistive-type touch sensor and
capacitive-type touch sensor
Expansion of business by combining
technology of the acquired
company's electrostatic combination
touch sensor.
31.May.07
After a stock purchase of
Touchscreen Konnection Oasis, Inc. by
the Company, the Company
transferred the entire stock to its 100%
subsidiary, Wacom Technology
Corporation through an investment in
kind, and then Wacom Technology
Corporation merged with Touchscreen
Konnection Oasis, Inc.
Wacom Technology Corporation
100.00%
(2) Period, for which the operating results of the
acquired company are included in the
accompanying consolidated financial statements-
From June 1, 2007 to March 31, 2008
(3) The acquisition cost-
a) Acquisition cost
¥420,497 thousand ($3,455 thousand)
b) Breakdown of the acquisition cost
Stock acquisition cost
¥408,878 thousand ($3,360 thousand)
Cost associated with stock acquisition(such as due
diligence cost)
¥11,619 thousand ($95 thousand)
Note: All acquisition cost above has been disbursed in cash.
(4) Goodwill recognized-
a) Amount of goodwill
¥218,652 thousand ($1,797 thousand)
b) Goodwill is recognized for the amount which the
acquisition cost exceeds a fair value of the equity of
the acquired company.
c) Amortization method and period
Goodwill is not amortized because Wacom Technology
Corporation applies the U.S. GAAP.
(5) Fair value of the assets and liabilities of the
acquired company at the acquisition date are
summarized below-
Assets
Current assets
Fixed assets
Total assets
Thousands
of Yen
¥11,499
264,821
¥276,320
Thousands
of U.S.
dollars
$94
2,176
$2,270
Liabilities
Current
liabilities
Non-current
Liabilities
Total liabilities
Thousands
of Yen
¥ −
74,474
¥74,474
Thousands of
U.S. dollars
$ −
612
$612
(6) Major intangible assets which are not classified
as goodwill and their weighted average period
of amortization are summarized below-
(7) Estimated unaudited impact on the
consolidated income statement-
Estimated impact on the consolidated income
statement assuming this business combination would
have been completed at the beginning of the fiscal
year ended March 31,2008 is not significant.
Note:
The above-mentioned estimated impact has not been audited by the
Company’s independent auditors.
19. Subsequent events:
There were no applicable items under this category.
Major
intangible
assets
Patents
Other
intellectual
properties
Thousands of
Yen
¥36,507
¥219,042
Thousands of
U.S. dollars
$300
$1800
Weighted
average period
of amortization
7 years
7 years
Notes to Consolidated Financial Statements
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