Nitto Group Report 2017

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37Nitto Group Report 2017Financial NewsConsolidated Financial Statements Consolidated Statements of Changes in EquityApril 1, 2016 through March 31, 2017(Yen in Millions)Share capitalCapital surplusRetained earningsTreasury stockOther components of equityTotal equity attributable to owners of the parent companyNon-controlling interestsTotal equityBalance at the beginning of current year26,783 56,681 559,351 -51,016 22,624 614,425 3,465 617,891 Net income63,453 63,453 236 63,690 Other comprehensive income-170 -170 -175 -345 Total comprehensive income——63,453 —-170 63,283 60 63,344 Share-based payment transactions114 114 114 Dividends-23,533 -23,533 -151 -23,685 Changes in treasury stock-34 139 105 105 Transfers from other components of equity to retained earnings4,614 -4,614 ——Additional purchase of shares of consolidated subsidiaries-622 -622 -2,726 -3,349 Total transactions with owners—-542 -18,918 139 -4,614 -23,936 -2,878 -26,814 Balance at the end of current year26,783 56,139 603,886 -50,876 17,839 653,772 648 654,421 1.Part-time employees are included.2.The exchange rate used was JPY112.19 to USD1.00, which was the rate as at March 31, 2017.3.Effective from the fiscal year ended March 31, 2014, the Company and some of its consolidated subsidiaries changed the method of recognition of revenue to one based on the time of delivery to customers from the prior one which was based mainly on the time of shipment. The figures for the fiscal year ended March 31, 2013, are those after the retrospective application of the change except for the figures in “Segment information by geographic area”.4.From the fiscal year ended March 31, 2015, the Nitto Denko Group has implemented the International Financial Reporting Standards (IFRS) to prepare its consolidated financial statements (date of transition to IFRS: April 1, 2013). Accordingly, the financial data for the fiscal year ended March 31, 2014 is also presented based on the IFRS.5. The 10-year Summary is presented based on the International Financial Reporting Standards (IFRS). The term based on the Japanese standard for “Revenue” is “Net sales,” “Net income attributable to owners of the parent company” is “Net income,” “Equity attributable to owners of the parent company per share” is “Net assets per share,” “Basic earnings per share” is “Net income per share,” “Total assets” is “Total assets,” “Equity attributable to owners of the parent company” is “Equity,” “Ratio of profit attributable to owners of the parent company to total assets” is “Return on assets,” “Return on equity attributable to owners of the parent company” is “Return on equity” and “Ratio of equity attributable to owners of the parent company to total assets” is “Equity to total assets.”