Wacom 2012 Annual Report Download - page 23

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(Changes in accounting policies)
1. Accounting for earnings per share
As stated in Note No. 3 “Changes in accounting prin-
ciples and policies” , the Company has adopted “Ac-
counting Standard for Earnings Per Share”
(Accounting Standards Board of Japan Statement No.
2 issued on June 30, 2010) and “Guidance on Ac-
counting Standard for Earnings Per Share”
(Accounting Standards Board of Japan Guidance No.
4 issued on June 30, 2010) from the fiscal year ended
March 31, 2012.
In accordance with the guidance, the Company has
changed the method of calculating diluted earnings
per share. In this revised method, a portion of the fair
value of stock options, which relates to the services to
be rendered in the future, is included in the assumed
proceeds by the exercise of stock options.
This change was retroactively applied, and the diluted
earnings per share for the year ended March 31, 2011
has been restated.
If these new accounting standards had not been
applied, the amount of diluted net income per share
for the year ended March 31, 2011 would have been
4,880.63 yen.
2. Changes in revenue recognition
As stated in Note No. 3 “Changes in accounting prin-
ciples and policies” , the Company has changed the
timing of revenue recognition for the Company’ s stan-
dard products to recognize revenue at the point of
arrival at the customer’ s location rather than upon
shipment from the beginning of fiscal year ended
March 31, 2012.
This change has been retroactively applied and net
assets per share, net income per share and diluted
net income per share for the year ended March 31,
2011 were restated.
As a result, net assets per share, net income per
share and diluted net income per share for the year
ended March 31, 2011 decreased by 103.49 yen,
48.33 yen and 48.23 yen, respectively.
22. Subsequent events:
There were no applicable items under this category.
Thousands of yen Thousands of
U.S. dollars
Basic net income and
share information
Net income
Net income not available to
common shareholders
Net income available to
common shareholders
Weighted-average number of
shares outstanding (shares)
Diluted net income and
share information
Amount of net income
adjustment
Increase in the number of
common shares outstanding
during each fiscal year that
would result in exercising
options to issue new
shares (shares)
Summary and number of
shares not included in
calculating diluted earnings
per share due to no effect of
dilution
¥1,967,083
-
1,967,083
401,816
-
803
-
¥2,181,341
-
2,181,341
399,224
-
387
2,715
$26,540
-
26,540
-
-
-
-
2011 2012 2012
March 31 March 31
Report of Independent Auditors
44