Nikon

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ACCOUNTING POLICIES Property, plant and equipment are stated at cost. Depreciation of property, plant and equipment of the Company is principally computed by the declining-balance method, while the straight-line method is applied to buildings. Speed of operations without sacrificing quality is important to <strong>Nikon</strong>. Not meeting market demands not only results in loss of sales but also excess inventory. Topics of the notes to the financial statements 1. Basis of Presenting Consolidated Financial Statements 2. Summary of Significant Accounting Policies 3. Investment Securities 4. Inventories 5. Long-lived Assets 6. Short-term Borrowings and Long-term Debt 7. Retirement and Pension Plans 8. Equity 9. Stock Option 10. Selling, General and Administrative Expenses 11. Income Taxes 12. Research and Development Costs 13. Leases 14. Financial Instruments and Related Disclosures 15. Derivatives 16. Contingent Liabilities 17. Net Income per Share 18. Business Combinations 19. Segment Information
Financial Analysis Liquidity Ratios Working capital – Working capital decreased a large amount, which means both assets and liabilities were decreased between 2009 and 2010 2009: 518,935 – 289,335 = 229,600 2010: 484,624- 299,827 = 184,797 Current Ratio – Dropped by nearly two tenths of a point. 2009: 518,935 / 289,335 = 1.79 2010: 484,624 / 299,827 = 1.62 Receivable turnover – High frequency of A/R collection , more cash on hand. 2009 - 879,719 / 121,155 = 7.26 2010 - 785,499 / 113,773 = 6.90 ALL FIGURES STATED IN MILLIIONS OF YEN
Page 1 and 2: NIKON TOM DAVIS SECTION 001
Page 3 and 4: Corporate Info Nobuyoshi Gokyu - P
Page 5 and 6: 2010 Stock Stock Price - 2,041 Yen
Page 7 and 8: INCOME STATEMENT Nikon uses a multi
Page 9: STATEMENT OF CASH FLOWS Cash flow d
Page 13 and 14: Financial Analysis Solvency Ratio D

Nikon

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