Nitto Group Report 2018

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Nitto Group Report 201837Financial NewsConsolidated Financial Statements Consolidated Statements of Changes in EquityApril 1, 2017 through March 31, 2018(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 year26,78356,139603,886-50,87617,839653,772648654,421Net income87,37787,3778587,463Other comprehensive income-3,556-3,5560-3,555Total comprehensive income——87,377—-3,55683,8208683,907Share-based payment transactions-174-174-174Dividends-25,166-25,166-18-25,185Changes in treasury stock17-18,990-18,973-18,973Transfers from other components of equity to retained earnings-536536——Total transactions with owners—-157-25,702-18,990536-44,315-18-44,333Balance at the end of current year26,78355,981665,561-69,86714,819693,278716693,9951.Part-time employees are included.2.The exchange rate used was JPY110.83 to USD1.00, which was the rate as at March 31, 2018.3.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 above 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.”