(6) Preparation of the Consolidated Financial Statements
1. Accounting Principles
Omron has adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) No. 105, "Generally Accepted Accounting Principles" (previously FASB Statement No. 168, "The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles"), as of the fiscal year ending March 31, 2010. This statement establishes the FASB ASC as the sole source of authoritative US Generally Accepted Accounting Principles (U.S. GAAP) recognized by the FASB. Provisions will be changed from the previous FASB standard to conform to the FASB ASC.
2. Noncontrolling Interests
Omron has adopted FASB ASC No. 810, "Consolidation" (previously FASB Statement No. 160, "Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51"), as of the fiscal year ending March 31, 2010. This standard requires the parent company's interest and noncontrolling interests to be clearly identified, labeled and disclosed. Minority interests, which were formerly classified between liabilities and shareholders' equity in the consolidated balance sheets, are now accounted for in net assets as noncontrolling interests. This statement also changes the presentation and line items of the consolidated statements of income.
Prior year amounts in the consolidated financial statements have been reclassified or adjusted following adoption of the standard.
3. Segment Information
Omron has adopted FASB ASC No. 280, "Segment Reporting" (previously FASB Statement No. 131, "Disclosures about Segments of an Enterprise and Related Information"), as of the fiscal year ending March 31, 2010. This standard regulates reporting information about a company's operating segments. Operating segments are regularly used by a company's top decision-makers in distributing management resources and assessing performance, and defined as structural units of financial information available concerning a company.
Prior year amounts in segment information have been reclassified or adjusted following adoption of the standard.
Other matters not listed here have not changed significantly since the most recent Securities Report (Yuka shoken hokokusho), submitted on June 24, 2009.
(7) Notes to Consolidated Financial Statements
1. Per Share Data
The Company calculates net income per share in accordance with FASB Statement No. 260, "Earnings per Share." The number of shares used to compute basic and diluted net income per share available to shareholders is as follows:
|(Number of shares)||Year ended March 31, 2009||Year ended March 31, 2010|
Omron considers the dilution effect due to stock options. No such dilution effect occurred for the fiscal years ended March 31, 2009 and 2010.
2. Comprehensive Income (Loss)
Comprehensive income (loss) in addition to other comprehensive income included in net income attributable to shareholders is as follows:
|Year ended March 31, 2009:||JPY (61,699) million|
|Year ended March 31, 2010:||JPY 11,648 million|