FINANCIAL SECTION
ANNUAL REPORT 2009 Year ended March 31, 2009

Contents
Report of Independent Auditors・ ・・・・・・・・・・・ 01
Consolidated Balance Sheets・ ・・・・・・・・・・・・ 02
Consolidated Statements of Operations・・・・・・・・・・ 04
Consolidated Statements of Changes in Net Assets・ ・・・・・ 05
Consolidated Statements of Cash Flows・・・・・・・・・・ 06
Notes to Consolidated Financial Statements・ ・・・・・・・ 08
Supplemental Information・・・・・・・・・・・・・・ 24

Consolidated Balance Sheets
Shibaura Mechatronics Corporation and Subsidiaries
March 31,		
2009

March 31,
2008

(Millions of yen)(Thousands of
U.S. dollars)(Note 1)

AssetsCurrent assets :Cash and bank deposits (Note 10)
Short-term investments
Notes and accounts receivable, trade
Allowance for doubtful accounts
Inventories (Note 4)
Deferred tax assets (Note 7)
Income receivable
Other current assets
Total current assets¥ 4,38538
18,529(79)
13,210755
954
120
37,912¥ 9,060
286
21,933(55)
11,8482,204–
569
45,845$ 44,637
387
188,628(808)
134,485
7,687
9,710
1,227
385,953

Property, plant and equipment:
Land
Buildings and structures (Note 10)
Machinery and equipment
Lease assets
Construction in progress
Total
Accumulated depreciation
Property, plant and equipment, net

161
28,888981
2,573
61
32,664(16,899)
15,765

193
29,2811,173–
232
30,879(15,373)
15,506

1,636
294,086
9,990
26,193
624
332,529(172,034)
160,495

Investments and other assets:
Investments in securities (Note 3)
Deferred tax assets (Note 7)
Other assets
Allowance for doubtful accounts
Total investments and other assets

183
506
1,432
(149)
1,972

295
2,308
1,046
(5)
3,644

1,865
5,152
14,579(1,526)
20,070¥ 55,649¥ 64,995$ 566,518

Total assets

02

March 31,2009

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

Consolidated Balance Sheets

March 31,		
2009

March 31,
2008

(Millions of yen)March 31,
2009
(Thousands of
U.S. dollars)(Note 1)

Liabilities and net assets
Current liabilities :Short-term bank loans (Note 5)
Current portion of long-term debt (Note 5)
Notes and accounts payable, trade
Allowance for bonuses to directors and statutory auditors
Provision for contract losses
Lease obligations
Advances received
Accrued expenses
Accrued income taxes (Note 7)
Other current liabilities
Total current liabilities¥ 5,333
3,800
9,816
–
39
764
1,126
2,263
49
645
23,835

¥

861
6,415
14,097
32
398
–
–
3,529
711
1,695
27,738$ 54,291
38,68699,923–395
7,775
11,46523,042500
6,562
242,639

Long-term liabilities:
Long-term debt (Note 5)
Provision for retirement benefits (Note 8)
Lease obligations
Provision for directors’ retirement benefits
Reserve for repair and maintenance
Negative goodwill
Other long-term liabilities
Total long-term liabilities
Total liabilities

3,204
4,864
1,360
127
337
29
3,023
12,944¥ 36,779

3,804
4,715
–
188
303
179
3,023
12,212¥ 39,950

32,61949,51913,841
1,296
3,427
302
30,772
131,776$ 374,415

6,762
10,7392,950(1,720)18,731

6,762
10,7398,871(1,718)24,654

68,833
109,32230,037(17,503)
190,689

24
15
39
100
18,870¥ 55,649

77
54
131
260
25,045¥ 64,995

239
156
395
1,019
192,103$ 566,518

Contingent liabilities (Note 11)
Net assets:
Shareholders’ equity:
Common stock:
Authorized :100,000,000 shares
    Issued:51,926,194 shares at March 31, 2009 and 2008
Additional paid-in capital
Retained earnings
Less treasury stock, at cost
Total shareholders’ equity
Valuation and translation adjustments:
Net unrealized holding gains on other securities
Foreign currency translation adjustments
Total valuation and translation adjustments
Minority interest in consolidated subsidiaries
Total net assets
Total liabilities and net assets
The accompanying notes are an integral part of the consolidated financial statements.
Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

03

Consolidated Statements of Operations
Shibaura Mechatronics Corporation and Subsidiaries
Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)(Thousands of
U.S. dollars)(Note 1)

¥ 49,013
39,3099,704¥ 66,441
52,07014,371$ 498,966
400,176
98,790

Selling, general and administrative expenses (Note 15)
Operating (loss) income

11,166(1,462)

12,724
1,647

113,676(14,886)

Other income (expenses):
Interest and dividend income
Interest expense
Foreign exchange loss, net
Amortization of negative goodwill
Loss on abandonment of noncurrent assets
Loss on disposal of inventory
Loss on valuation of investment securities
Impairment loss (Note 13)
Business structure improvement expenses
Other, net(Loss) income before income taxes and minority interest

25
(182)
(251)
50
(96)
–
(38)
(325)
(67)
114
(2,232)

34
(147)
(65)
60
(60)
(57)
–
–
–
70
1,482

255
(1,857)(2,551)
507
(979)
–
(382)
(3,311)(677)
1,160(22,721)

179
–
3,268
3,447
(5,679)

1,138
59
(118)
1,079
403

1,827
–
33,26635,093(57,814)(23)
426(1,569)$ (56,245)

Net sales
Cost of sales (Note 6)
    Gross profit

Income taxes (Note 7):
Current
Prior years
Deferred(Loss) income before minority interest

Minority interest in losses of consolidated subsidiaries
Net (loss) income¥

The accompanying notes are an integral part of the consolidated financial statements.

04

Year ended
March 31,2009

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION(154)(5,525)¥

Consolidated Statements of Changes in Net Assets
Shibaura Mechatronics Corporation and Subsidiaries

Number ofshares ofcommonstock

Shareholders' equity

Valuation and translation adjustments

Additional
paid-in
capital

Net
Minority
Foreignunrealizedinterest in
currency
holdingtranslation consolidated
gains
on other adjustments subsidiaries
securities

Commonstock

Retainedearnings

Treasurystock(Millions of yen)

(Millions of yen)

Balance as of March 31, 2007 51,926,194 ¥ 6,762 ¥10,739 ¥ 8,769 ¥ (1,715)
Net income
–		
–		
–		
426		
–
Cash dividends
–		
–		
–		
(371)		
–Increase due to inclusion of additional
subsidiary in the consolidation
Net change during the year

–		
–		

–		
–		

Net increase in treasury stock–		

Net decrease in treasury stock

–		

¥ 129

¥

99

(Millions of yen)

¥ 301

–		

–		

–

–		

–		

–

–		
–		

47		
–		

–
–

–		

–		

–

(52)		

(45)		

(41)

–		

–		

–		

(3)

–		

–		

–

–		

(0)		

–		

0

–		

–		

–

Balance as of March 31, 2008 51,926,194		 6,762		 10,739		 8,871		 (1,718)
Net income–		–		–		 (5,525)		
–Cash dividends
–		
–		
–		
(396)		–

77		Net change during the year

–		

–		

Net increase in treasury stock–		

Net decrease in treasury stock–		Balance as of March 31, 2009 51,926,194

–		

–

–		

–		

–

–

(53)		

–		

–		

–		

(2)

–		

–		

–

–		

(0)		

–		

0

–		

–		

–

¥10,739¥ 2,950¥ (1,720)

Additional
paid-in
capitalRetainedearnings¥

24¥(39)		 (160)

15

¥ 100

Valuation and translation adjustments
Treasurystock(Thousands of U.S. dollars) (Note 1)

Balance as of March 31, 2008
Net income
Cash dividends
Net change during the year
Net increase in treasury stock
Net decrease in treasury stock
Balance as of March 31, 2009

–		

–		

Shareholders' equity
Commonstock

54		 260–		

¥ 6,762$68,833 $109,325 $ 90,307 $(17,482)		–		–		 (56,245)		
–		–		–		 (4,025)		
–
		
–		
–		
–		
–
		
–		
–		
–		
(27)
		
–		
(3)		
–		
6
$68,833 $109,322 $ 30,037 $(17,503)

Total¥ 25,084
426
(371)
47
(138)
(3)
0
25,045(5,525)
(396)
(252)
(2)
0
¥ 18,870

Total

Net
Minority
Foreignunrealizedinterest in
currency
holdingtranslation consolidated
gains
on other adjustments subsidiaries
securities(Thousands of U.S. dollars) (Note 1)(Thousands of
U.S. dollars)(Note 1)

$ 781 $ 553 $2,643 $254,960
–		
–		
–
(56,245)–		–		–(4,025)(542)		 (397)		(1,624)(2,563)
–		
–		
–
(27)
–		
–		
–
3
$ 239 $ 156 $1,019 $192,103

The accompanying notes are an integral part of the consolidated financial statements.

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

05

Consolidated Statements of Cash Flows
Shibaura Mechatronics Corporation and Subsidiaries
Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)

Operating activities:(Loss) income before income taxes and minority interest
Depreciation and amortization
Impairment loss
Amortization of negative goodwill
Allowance for doubtful accounts
Increase (decrease) provision for retirement benefits
Interest and dividend income
Interest expense
Loss on disposal of property, plant and equipment
Gain on sale of land
Foreign exchange gain, net
Increase in advances received
Decrease in notes and accounts receivable, trade(Increase) decrease in inventories
Decrease in notes and accounts payable, trade(Decrease) increase in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash (used in) provided by operating activities

The accompanying notes are an integral part of the consolidated financial statements.

06

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION¥ (2,232)
2,105
325
(50)
175
53
(25)
182
81
0
174
324
2,932
(1,482)(5,160)(100)(1,026)(3,724)
25
(184)
(770)
¥ (4,653)¥ 1,482
1,245
–
(60)
9
(263)
(35)
147
54
3
6
111
3,596
4,065
(7,289)
71
641
3,783
37
(147)
(755)
¥ 2,918

Year ended
March 31,
2009
(Thousands of
U.S. dollars)(Note 1)

$ (22,721)
21,428
3,311
(507)
1,779
538
(255)
1,857
827
2
1,771
3,300
29,851(15,092)(52,536)(1,015)(10,449)(37,911)253(1,876)(7,839)$ (47,373)

Consolidated Statements of Cash Flows

Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)

Investment activities:
Payments for time deposits
Proceeds from time deposits
Purchases of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for acquisition of business, net of cash acquired
Purchases of investments in subsidiaries
Collection of long-term loans receivable
Other, net
Net cash used in investing activities

Financing activities:
Increase (decrease) in short-term bank loans, net
Repayments of finance lease obligations
Proceeds from long-term loans payable
Repayments of long-term loans payable
Redemption of bonds
Purchases of treasury stock
Proceeds from sale of treasury stock
Cash dividends paid
Cash dividends paid to minority interest
Net cash used in financing activities

Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Increase arising from inclusion of subsidiaries in consolidation
Cash and cash equivalents at end of year

¥

(9)
229
(714)
498
–
(97)
–
2
(91)

¥

Year ended
March 31,
2009
(Thousands of
U.S. dollars)(Note 1)(113)
202
(2,276)
810
(59)
–
0
(177)
(1,613)

$

(97)
2,333
(7,269)
5,069
–
(985)
–
24
(925)

4,763
(927)
3,200
(3,200)(3,215)
(3)
0
(395)
–
223

(256)
–
–
–
–
(3)
0
(371)
(7)
(637)

48,492(9,442)
32,577(32,577)(32,729)(27)
3(4,025)
–
2,272

(154)
(4,675)
9,060–¥ 4,385

(7)
661
8,211
188
¥ 9,060(1,569)(47,595)
92,232–$ 44,637

The accompanying notes are an integral part of the consolidated financial statements.

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

07

Notes to Consolidated Financial Statements
Shibaura Mechatronics Corporation and Subsidiaries
March 31, 2009
1. Basis of Presentation

been eliminated in consolidation.

Shibaura Mechatronics Corporation (the “Company”) and its
consolidated subsidiaries (collectively, the “Companies”) maintaintheir accounting records and prepare their financial statementsin accordance with accounting principles generally accepted inJapan. The accompanying consolidated financial statements
have been prepared in accordance with accounting principles
generally accepted in Japan, which differ in certain respects
from the application and disclosure requirements of International
Financial Reporting Standards, and have been compiled fromthe consolidated financial statements prepared by the Company
as required by the Financial Instruments and Exchange Act ofJapan.  Certain reclassifications have been made to present theaccompanying consolidated financial statements in a format
that is familiar to readers outside Japan. In addition, the nonconsolidated balance sheets as of March 31, 2009 and 2008
and the non-consolidated statements of operations for the years
then ended of Shibaura Mechatronics Corporation and included,
as supplemental information, in the accompanying consolidated
financial statements.

Investment in an unconsolidated subsidiary that is notdeemed material to the consolidated financial statements isstated at cost.

The accompanying consolidated financial statements are statedin yen, the currency of the country in which the Company isincorporated and operates. The translation of yen amounts into
U.S. dollar amounts has been included solely for the convenienceof readers outside Japan. The translation has been made at therate of ¥98.23 = U.S. $1.00, the approximate rate of exchange
in effect on March 31, 2009. This translation should not be
construed as a representation that yen could be converted into
U.S. dollars at the above or any other rate.

2. Summary of Significant Accounting Policies(a) Basis of consolidation
The accompanying consolidated financial statements include
the accounts of Shibaura Mechatronics Corporation andeight subsidiaries over which the Company exerts substantial
control, either through majority ownership of voting stock and/or by other means. All assets and liabilities of the subsidiaries
are revalued at fair value on acquisition, if applicable. All
significant intercompany balances and transactions have08

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

Certain subsidiaries have year end which differs from thatof the Company. As a result, adjustments have been madefor any significant transactions which took place during theperiod between the year end of the subsidiaries and the year
end of the Company.
(b) Foreign currency translation
The revenue and expense accounts of the overseas
consolidated subsidiaries are translated into yen at therates of exchange in effect at the average exchange rateduring the yen. The balance sheet accounts, except for thecomponents of shareholders’ equity, are also translated into
yen at the rate of exchange in effect at the balance sheet
date. The components of shareholders’ equity are translated
at their historical exchange rates. Differences arising fromtranslations where two exchange rates have been used arepresented as “Foreign currency translation adjustments,” acomponent of net assets in the accompanying consolidated
financial statements.
Foreign currency monetary assets and liabilities are translated
into Japanese yen at the exchange rates in effect at eachbalance sheet date and the resulting translation gains orlosses are credited or charged to income.
(c) Cash and cash equivalents
The Company and its subsidiaries consider all highly liquid
investments with a maturity of three months or less from theirpurchase dates to be cash equivalents.
(d) Securities
Marketable securities categorized as other securities arecarried at fair value with unrealized holding gain and loss,
net of applicable income taxes, accounted for as a separate
component of net assets.  Non-marketable securities classified
as other securities are stated at cost. Cost of securities soldis computed based on the moving average method.

Notes to Consolidated Financial Statements(e) Derivatives
All derivatives are carried at fair value.

Buildings and structures
Machinery and equipment(f) Inventories
Before April 1, 2008, inventories are stated at cost,
determined principally by the following methods:

Intangible assets, which are included in “other assets” of theaccompanying consolidated balance sheets, are amortizedby the straight-line method. Capitalized software for internal
use is amortized by the straight-line method over a period of
5 years, based on the estimated useful life of the software.

Finished goods and raw materials— moving average method
Semi-finished goods and work in process— individual cost method
Effective for the fiscal year ended March 31, 2009 theCompany and its domestic subsidiaries have adopted the“Accounting Standard for Measurement of Inventories” (ASBJ
Statement No. 9 of July 5, 2006). As a result, operating loss
and loss before taxes for the year ended March 31, 2009
increased ¥236 million ($ 2,411 thousand), respectively.
The impact on segment information is stated in the applicablesections.

The Company amortizes negative goodwill over an estimateduseful life of 5 years by the straight-line method.
(h) Allowance for doubtful accounts
The allowance for doubtful accounts is provided at an
amount sufficient to cover possible losses on the collectionof receivables. The amount of the allowance is determinedbased on their historical experience with write-offs, plus anestimate of specific probable doubtful accounts based on areview of the collectibility of individual receivables.
(i)

Allowance for bonuses to directors and statutory auditors
To provide for the payment of bonuses to directors andstatutory auditors, an allowance is made based on projectedamount.

(j)

Provision for contract losses
Provision for contract losses is provided at an amountconsidered to cover the estimated possible losses involved inorders for which loss occurrence is highly anticipated where
the loss amount can be reasonably estimated at the balance
sheet date for all orders.

From the fiscal year, ended March 31, 2009, inventories
are stated at cost, determined principally by the following
methods:
Finished goods and raw materials— moving average method (in cases where the profitability
has declined, the book value is reduced accordingly)
Semi-finished goods and work in process— individual cost method (in cases where the profitability
has declined, the book value is reduced accordingly)(g) Depreciation and amortization (except for lease asset)
Depreciation of property, plant and equipment is generally
computed by the declining-balance method, based on
the estimated useful lives of the respective assets. The
straight-line method is applied to a certain research facility
acquired during the year ended March 31, 1995, andbuildings acquired after April 1, 1998.  Foreign consolidated
subsidiaries compute depreciation primarily using the straightline method. The following summarizes the estimated useful
lives of property, plant and equipment by major category:3 – 60 years
2 – 17 years(k) Retirement benefits and pension plans
An allowance for employees’ retirement benefits has been
provided, based on the projected retirement benefit obligationand the pension fund assets. Actuarial gain or loss isamortized effective the year subsequent to the year in which
they arise by the straight-line method over a period of 10
years, which is shorter than the average remaining years ofservice of the employees.
The Companies also provide for retirement benefits todirectors and statutory auditors, based on the Companies’

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

09

Notes to Consolidated Financial Statementsinternal rules, at the amount that would be required to be paid
if all directors and statutory auditors retired or resigned at thebalance sheet date.
(l) Reserve for repair and maintenanceA certain research facility acquired during the year ended
March 31, 1995 requires periodic repairs and maintenance.
An accrual for these repair expenses is recorded based on
the current portion of the total expenses estimated for such
repairs.
(m) Leases
Before April 1, 2008, the Company and its domestic
consolidated subsidiaries had accounted for finance leases
other than those that transfer the ownership as operatingleases. Effective for the fiscal year ended March 31, 2009, theCompany and its domestic consolidated subsidiaries haveapplied “Accounting Standard for Lease Transactions” (ASBJ
Standard No. 13, as issued by the First Subcommittee of
the Business Accounting Council on June 17, 1993; revised
March 30, 2007) and “Guidance on Accounting Standard
for Lease Transactions” (ASBJ Guidance No. 16, as issued
by the Japanese Institute of Certified Public Accountants
Accounting Standards Board on January 18, 1994, as revisedon March 30, 2007), and accordingly the finance leases otherthan those that transfer the ownership, of leased assets,entered into on and after April 1, 2008, and accounted for as
finance leases.
The depreciation leased assets under finance lease iscalculated using the straight-line method over the lease termwith residual value of zero.
The finance leases other than those that transfer theownership of lease assets, entered into before April 1, 2008,
are accounted for as finance leases effective on April 1,
2008, as though those leased assets had been acquired forthe amount of remaining future lease payments as of April 1,
2008.
The effect of this change on operating loss and loss before
income taxes and minority interests for the year ended March
31, 2009 is immaterial.

10

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION(n) Hedging accounting
Interest rate swaps which meet specific hedge criteria andqualify for special hedge accounting treatment are notremeasured at fair value.
Hedging instruments and hedged items are summarized asfollows:
Hedging instruments
Hedged items
Interest rate swap agreements ... Interest on long-term debt
The Company uses financial instruments to hedge interest
rate fluctuation risk exposed to long-term debt.
For interest rate swaps which meet the criteria for special
hedge accounting, the assessment of hedge effectiveness isomitted.
(o) Research and development costs
Research and development costs are expensed as incurredand included in cost of sales and selling, general andadministrative expenses.
(p) Income taxes
Deferred tax assets and liabilities are determined based on
the differences between financial reporting and tax-based
reporting of the assets and liabilities, and are measured
using the statutory tax rates which will be in effect when the
differences are expected to be realized.
(q) Unification of accounting policies applied to foreign subsidiaries
Effective for the year ended March 31, 2009, the Company
has applied the “Practical Solution on Unification of
Accounting Policies Applied to Foreign Subsidiaries for theConsolidated Financial Statements” (ASBJ Practical Issues
Task Force No.18 issued by the ASBJ on May 17, 2006)
under which certain adjustments are required to be madeover the books of accounts at foreign subsidiaries to comply
with accounting principles generally accepted in Japan. Thischange had no significant effect on Profit and loss.

Notes to Consolidated Financial Statements

3. Investments in securities
At March 31, 2009 and 2008, marketable securities classified as other (available-for-sale) securities are summarized as follows:				March 31,				
2009			March 31,2008		AmountAcquisition recorded incosts
the balance Difference
sheet

		
Amount				AmountAcquisition recorded in		 Acquisition recorded in
Difference
costs
the balance			
costs
the balance Difference		sheet				
sheet
					
(Millions of yen)			
(Millions of yen)		

Other securities whose market
value recorded in the balance sheet
exceed their acquisition costs:
					
Equity securities
¥ 52
¥ 81
¥
Debt securities
–		
–		
Other
–		
–		
Total
¥ 52
¥ 81
¥
Other securities whose market value
recorded in the balance sheet do not
exceed their acquisition costs:
					
Equity securities
49		 49		
Debt securities
–		
–		
Other
–		
–		
Total
¥ 49
¥ 49
¥

March 31,2009		(Thousands of U.S. dollars)

		

29
–
–
29

–
–
–
–

¥

70
¥ 178 ¥ 108
–		
–		
–
–		
–		
–
70
¥ 178 ¥ 108$ 530 $ 832
$ 302
		
–		
–		
–
		
–		
–		
–
$ 530 $ 832
$ 302

¥

68		
–		
–		
68
¥

		
		 497		 497		
		
–		
–		
		
–		
–		
$ 497 $ 497
$

¥

64		
–		
–		
64 ¥

(4)
–
–
(4)

–
–
–
–

With regard to other securities with fair value, impairment losses of ¥38 million ($382 thousand) were recorded for the year ended March 31,
2009.
At March 31, 2009 and 2008, non-marketable securities carried at cost are summarized as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)

Investments in affiliates:
Affiliate
Other

¥

52
1

¥

March 31,
2009
(Thousands of
U.S. dollars)

52
1

$

530
6

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

11

Notes to Consolidated Financial Statements

4. Inventories
Inventories at March 31, 2009 and 2008 are summarized as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)Finished products
Raw materials
Work in process
Total¥ 6,863
169
6,178¥ 13,210¥ 3,997
171
7,680¥ 11,848

March 31,
2009
(Thousands of
U.S. dollars)$ 69,866
1,721
62,898$ 134,485

5. Short-Term Bank Loans and Long-Term Debt
The weighted average interest rate per annum on the short-term bank loans outstanding at March 31, 2009 and 2008 were 1.5% and 4.7%,
respectively.
Long-term debt at March 31, 2009 and 2008 are summarized as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)Unsecured:
Zero coupon Japanese yen convertible notes(notes with stock acquisition rights)¥
1.42% to 2.16% loans from banks due 2009 to 2012
Loans from Pension Welfare Service Public Corporation due 2008 to 2034
Total
Less current portionLong-term debt ,net¥

Loans from the Pension Welfare Service Public Corporation
represent financing for housing loans to the Company’s
employees, and the same amount is stated as a portion of otherassets (loans to employees). The Company pays interest on
such loans to the lender and collects the same amount from theemployees as the borrowers.
On March 8, 2004, the Company issued ¥5,000 million zero
coupon Japanese yen convertible notes (notes with stock

12

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

–

7,000
4
7,004
3,800
3,204

¥ 3,2157,000
410,2196,415¥ 3,804

March 31,
2009
(Thousands of
U.S. dollars)$–

71,261
44
71,30538,686$ 32,619

acquisition rights) due March 8, 2009.   These notes areconvertible during the period from March 22, 2004 to February
20, 2009, at the option of the holder, into shares of common
stock at a price of ¥943 per share, subject to adjustment inspecific circumstances.

Notes to Consolidated Financial Statements

Aggregate annual maturities of long-term debt at March 31, 2009 are summarized as follows:		 March 31, 2009
2010
2011
2012
2013 and thereafter
Total
The company entered into the three-year contracts forcommitment lines of credit with seven banks in the aggregatedamount of ¥10,000 million ($101,802 thousand) on March 31,(Millions of yen)(Thousands of
U.S. dollars)¥ 3,800
0
3,200
4¥ 7,004$ 38,686
2
32,57839$ 71,305

2008, for efficient financial arrangements for operating funds.
At March 31, 2009, the Company had unused commitment linesof credit aggregating ¥8,700 million ($88,568 thousand).

6. Research and Development Expenses
Research and development expenses charged to income for the years ended March 31,
2009 and 2008, respectively, are as follows:Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)

¥ 2,933

Year ended
March 31,
2009
(Thousands of
U.S. dollars)¥ 3,184$ 29,862

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

13

Notes to Consolidated Financial Statements

7. Income Taxes
Income taxes applicable to the Company and its domestic
subsidiaries comprise corporation, inhabitants’ and enterprisetaxes which, in the aggregate, resulted in a statutory tax rate of

40.6 % for the years ended March 31, 2009 and 2008.  Income
taxes of the overseas subsidiaries are based on the tax rates
applicable in their countries of incorporation.

The major components of deferred tax assets and liabilities as of March 31, 2009 and 2008 are summarized as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)

Deferred tax assets:
Employees’ retirement benefits
Accrued employees’ bonuses
Provision for contract losses
Accrual for periodic repairsEnterprise tax payable
Tax loss carried forward
Other
Gross deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Unrecognized holding gain on other securities
Other
Total deferred tax liabilities
Net deferred tax assets

March 31,
2009
(Thousands of
U.S. dollars)¥ 1,956
401
16
137
11
2,023
475
5,019
(3,710)1,309¥ 1,852
598
142
123
73
1,341
813
4,942
(375)
4,567

$ 19,914
4,081
160
1,392
112
20,597
4,841
51,097(37,772)
13,325

(7)
(41)
(48)
¥ 1,261

(28)
(27)
(55)
¥ 4,512

(71)
(415)
(486)
$ 12,839

The reconciliation between the effective tax rate and the statutory tax rate for the year ended March 31, 2009 was omitted since loss before
income taxes and minority interests was recorded.
The effective tax rate reflected in the consolidated statement of operations for the year ended March 31, 2008 differ from the statutory tax
rate for the statutory tax rate for the following reasons:Year ended
March 31,2008

Statutory tax rate
Effect of:Tax non-deductible expenses such as entertainment expenses
Per capita levy of inhabitants’ taxes and othe
Prior years’ income taxes
Changes in valuation allowance
Dividends from foreign subsidiaries
Tax loss carried forward
Tax-deductible R&D credits
Other, net
Effective tax rates

14

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

40.6%
3.2
1.4
1.3
19.2
12.9
(1.0)
(3.4)
(1.4)
72.8%

Notes to Consolidated Financial Statements

8. Retirement Benefits
The Companies have defined benefit pension plans and lump-sum retirement payment plans which cover substantially all employees who
retire from the Companies. Eligible employees may also receive additional payments under the plans.
The following is a summary of the plans:
March 31,		
2009

March 31,
2008

(Millions of yen)

Projected benefit obligation
Fair value of plan assets
Funded status
Unrecognized actuarial loss
Prepaid pension cost
Allowance for retirement benefits¥ (9,637)
2,782(6,855)
2,338(347)¥ (4,864)

March 31,
2009
(Thousands of
U.S. dollars)¥ (9,714)
3,312(6,402)
1,894(207)¥ (4,715)$(98,110)
28,322(69,788)
23,802(3,533)$(49,519)

The consolidated subsidiaries have adopted a simplified method, as permitted, to calculate the projected benefit obligation.
Components of net periodic pension cost for the years ended March 31, 2009 and 2008 are summarized as follows:Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)

Service cost
Interest cost on projected benefit obligation
Expected return on plan assets
Amortization of actuarial loss
Extra retirement payments
Net periodic pension cost

¥

614
181
(116)
353
61
¥ 1,093

Year ended
March 31,
2009
(Thousands of
U.S. dollars)

¥

535
187
(127)
293

¥

888

–

$ 6,255
1,847(1,180)3,592
623$ 11,137

The provision for retirement benefits was determined by the simplified method by the consolidated subsidiaries and has been included inservice cost.
Assumptions used in the actuarial calculation for the years ended March 31, 2009 and 2008 are summarized as follows:
March 31,		
2009

Actuarial cost method
Discount rate
Expected rate of return on plan assets
Amortization period for actuarial loss

March 31,2008

Projected unit credit method
2.0 % per annum 2.0 % per annum
3.5 % per annum 3.5 % per annum
10 years (within the employees’
average remaining years of service)

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

15

Notes to Consolidated Financial Statements

9. Leases(1) Finance leases
Leased property under finance leases that do not transfer the title of the leased property to the lessee on an as-if-capitalized-basis for theyears ended March 31, 2008 is as follows:
March 31,
2008
(Millions of yen)

Machinery, equipment and other assets:
Acquisition cost
Accumulated depreciation
Net leased property
Non-cancelable lease transactions are primarily accounted
for as operating leases (regardless of whether such leases
are classified as operating or finance leases) except thatlease agreements which stipulate the transfer of the title of¥ 3,861
1,557¥ 2,304
the leased asset to the lessee are accounted for as financeleases.  Lease expenses relating to finance leases accounted
for as operating leases amounted to ¥987 million and for theyears ended March 31, 2008, respectively.

Future minimum lease payments subsequent to March 31, 2008 for finance lease transactions accounted for as operating leases are
summarized as follows:
March 31,
2008
(Millions of yen)

Due within one year
Due after one year
Total

¥

807
1,557
¥ 2,364(2) Operating leases
March 31,
2008
(Millions of yen)

Due within one year
Due after one year
Total

16

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

¥
¥

4
2
6

Notes to Consolidated Financial Statements

10. Pledged assets
Assets pledged as collateral for loans payable at foreign subsidiaries as of March 31, 2009 are summarized as follows:		 March 31, 2009
(Millions of yen)		
			Bank deposits
Total

¥
¥

12
12

(Thousands of
U.S. dollars)

$
$

122
122

11. Contingent Liabilities
The Company had the following contingent liability as of March 31, 2009:
		 March 31, 2009
(Millions of yen)		
			

Guarantee for housing loans of employees¥

41(Thousands of
U.S. dollars)$416

12. Derivatives and Hedging Activities
The Company has entered into interest-rate swap contracts tomanage its exposure to interest-rate risk on long-term debt. Asa matter of policy, the Company does not enter into derivativetransactions for trading purposes. The Company does not
anticipate nonperformance by any of the counterparties to theabove transactions, all of whom are domestic financial institutions
with high credit ratings.
In accordance with the Company’s policy, derivative transactions
are entered into under the decision-making rules approvedby the Management Strategy Committee of the Company.
The department which has the responsibility to enter intosuch contracts monitors and controls the inherent risk andperformance on a daily basis and reports these to managementof the Company, if and when necessary.

does not record certain interest swap arrangements at fairvalue but charges or credits the net cash flows from the swap
arrangements to the interest arising from the hedged borrowing,as long as these arrangements meet the specific criteria under
the standard.
At March 31, 2009 and 2008, the fair value information forderivatives was not presented, since all derivatives were
accounted for as hedges.

In accordance with the special hedge accounting under the
Accounting Standard for Financial Instruments, the Company

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

17

Notes to Consolidated Financial Statements

13. Segment Information
The business segment information of the Companies for the years ended March 31, 2009 and 2008 is summarized as follows:Business segments
Year ended March 31, 2009
Fine
mechatronics

Electronic&
vacuumsystems

Vending
machines&
systems

Real estateleasing

Total

Eliminations
orunallocatedamounts

Consolidated(Millions of yen)

I. Sales and operating (loss) income
Sales to external customers– ¥ 49,013¥ 33,549 ¥ 10,788 ¥ 2,855 ¥ 1,821 ¥ 49,013 ¥Intersegment sales or transfers
–
(152)
152
–
–
110
42
Total sales
49,013(152)
49,165
1,821
2,855
10,89833,591
Operating expenses
50,475345
50,1301,268
3,134
10,34235,386
Operating (loss) income(497) ¥ (1,462)(965) ¥
553 ¥(279) ¥556 ¥
¥ (1,795) ¥II. Total assets, depreciation and capital expenditures
Total assets¥ 32,507 ¥ 9,363 ¥ 2,583 ¥ 8,309 ¥ 52,762 ¥ 2,887 ¥ 55,649
Depreciation and amortization
2,105
–
2,105
575
84
256
1,190
Impairment loss
325
–
325
–
–
–
325
Capital expenditures
1,487
–
1,487
266
40
436
745

Year ended March 31, 2008
Fine
mechatronics

Electronic&
vacuumsystems

Vending
machines&
systems

Real estateleasing

Total

Eliminations
orunallocatedamounts

Consolidated(Millions of yen)

I. Sales and operating (loss) income
Sales to external customers¥ 47,559 ¥Intersegment sales or transfers
136
Total sales
47,695
Operating expenses
47,107
Operating income¥
588 ¥II. Total assets, depreciation and capital expenditures
Total assets¥ 34,634 ¥Depreciation and amortization
520
Capital expenditures
470

18

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

9,589 ¥ 7,470 ¥ 1,823 ¥ 66,441 ¥
214
–
–
78
66,655
1,823
7,470
9,667
64,426
1,215
6,585
9,519
608 ¥ 2,229 ¥
885 ¥
148 ¥

– ¥ 66,441–(214)
66,441(214)
64,794368(582) ¥ 1,647

7,923 ¥ 4,122 ¥ 8,678 ¥ 55,357 ¥ 9,638 ¥ 64,995
1,245
–
1,245
572
65
88
694
–
694
19
42
163

Notes to Consolidated Financial Statements

Year ended March 31, 2009
Fine
mechatronics

Electronic&
vacuumsystems

Vending
machines&
systems

Real estateleasing

Total

Eliminations
orunallocatedamounts

Consolidated(Thousands of U.S. dollars)

I. Sales and operating (loss) income
Sales to external customers– $498,966$341,538 $109,823 $ 29,071 $ 18,534 $498,966 $Intersegment sales or transfers–(1,549)
1,549
–
–
1,116
433
Total sales(1,549) 498,966
18,534 500,515
29,071
341,971 110,939
Operating expenses
3,509 513,852
12,911 510,343
31,910360,240 105,282
Operating (loss) income$ (18,269) $ 5,657 $ (2,839) $ 5,623 $ (9,828) $ (5,058) $ (14,886)
II. Total assets, depreciation and capital expenditures
Total assets$330,927 $ 95,323 $ 26,297 $ 84,583 $537,130 $ 29,388 $566,518
Depreciation and amortization
21,428–21,428
5,851
853
2,608
12,116
Impairment loss
3,311
–
3,311
–
–
–
3,311
Capital expenditures
15,137–
15,137
2,708
404
4,437
7,588

Notes:a) Basis of segmentation
Business segments are divided into product categories by thesame criteria as applied for internal control purposes.
b) Major products in each business segment(1) Fine mechatronics
FPD manufacturing equipment (wet cleaning equipment,
stripping equipment, etching equipment, developing
equipment, PI inkjet coater, cell assembly equipment,
outer lead bonders), semiconductor manufacturing
equipment (wet cleaning equipment, etching equipment,
ashing equipment, die bonders, inner lead bonders,flip chip bonders, wafer inspection equipment), railroad
maintenance equipment, non-destructive inspections, andother items.
(2) Electronic & vacuum systems
Laser equipment, microwave equipment, media device
manufacturing equipment (sputtering equipment, vacuum
bonding equipment), industrial vacuum evaporationequipment, rechargeable battery manufacturing equipment,

precision parts manufacturing equipment, other automationequipment, vacuum pumps, and other items.
(3) Vending machines & systems
Vending machines, ticket vending machines, and others.
(4) Real estate leasing
Real estate leasing and management, and otherbusinesses.
c) Included in eliminations or unallocated amounts of operating
expenses are unallocable amounts relating to research anddevelopment expenses incurred over the entire Group as partof the Company’s research and development activities.
d) Included in the eliminations or unallocated amounts of total
assets were unallocable amounts totaling ¥2,887 million ($29,388
thousand) and ¥9,638 million for the years ended March 31,
2009 and 2008, respectively, which primarily consisted of
surplus funds (cash and bank deposits), investment funds(investment securities) of the Company and deferred tax assets.

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

19

Notes to Consolidated Financial Statementse) From the fiscal year under review the Company and its
subsidiaries have adopted the “Accounting Standard for
Measurement of Inventories” (ASBJ Statement No. 9 of July 5,2006).

As a result, operating income decreased ¥206 million ($2,102
thousand) in Fine mechatronics, ¥13 million ($133 thousand) inElectronic & vacuum systems, ¥17 million ($177 thousand) in
Vending machines & systems.

Geographical segments
Year ended March 31, 2009
Japan

Northeastern
Asia

Total

Eliminations
orunallocatedamounts

Consolidated(Millions of yen)

I. Sales and operating (loss) income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating (loss) income
II. Total assets
Total assets– ¥49,013¥46,180 ¥ 2,833 ¥49,013 ¥–(1,616)
1,616
1,022
594
49,013(1,616)50,6293,855
46,77450,475(1,119)51,594
3,923
47,671(68) ¥ (965) ¥ (497) ¥ (1,462)¥ (897) ¥¥51,456¥ 1,306¥52,762¥ 2,887¥55,649

Year ended March 31, 2009
Japan

Northeastern
Asia

Total

Eliminations
orunallocatedamounts

Consolidated(Thousands of U.S. dollars)

I. Sales and operating (loss) income
Sales to external customers
Intersegment sales or transfers
Total sales
Operating expenses
Operating (loss) income
II. Total assets
Total assets– $498,966$470,127 $ 28,839 $498,966 $–(16,452)
16,452
10,406
6,046(16,452) 498,966
39,245 515,418
476,173(11,394) 513,852
39,938 525,246
485,308(693) $ (9,828) $ (5,058) $ (14,886)$ (9,135) $$523,833 $ 13,297 $537,130 $ 29,388 $566,518

Notes:a) Countries and regions are classified in each geographicalsegment by geographical proximity.
b) The main countries and regions in each segment.
Northeastern Asia – Taiwan, Korea, China

20

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATIONc) Included in eliminations or unallocated amounts of operating
expenses are unallocable amounts relating to research anddevelopment expenses incurred over the entire Group as partof the Company’s research and development activities.

Notes to Consolidated Financial Statementsd) Included in the eliminations or unallocated amounts of total
assets were unallocable amounts totaling ¥2,887 million($29,388 thousand) for the years ended March 31, 2009,
respectively, which primarily consisted of surplus funds (cashand bank deposits), investment funds (investment securities)of the Company and deferred tax assets.
e) From the fiscal year under review the Company and its subsidiaries
have adopted the “Accounting Standard for Measurement of
Inventories” (ASBJ Statement No. 9 of July 5, 2006).

As a result, operating income decreased ¥223 million($2,271 thousand) in Japan, ¥13 million ($140 thousand) in
Northeastern Asia.
No information by geographical segment for the years ended
March 31, 2008 has been presented, due to the fact that the
net sales and total assets of the operations in Japan constituted
more than 90 % of the respective totals for all segments.

Overseas sales
Year ended March 31, 2009
Northeastern Asia

Other

Total

(Millions of yen)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales¥ 15,057

¥

30.7%

5,605
11.4%

¥ 20,662
49,013
42.2%

Year ended March 31, 2008
Northeastern Asia

Other

Total

(Millions of yen)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales¥ 16,136
24.3%

¥

6,625
10.0%

¥ 22,761
66,441
34.3%

Year ended March 31, 2009
Northeastern Asia

Other

Total

(Thousands of U.S. dollars)

I. Overseas sales
II. Consolidated net sales
III. % of consolidated net sales$ 153,288$ 57,060

30.7%

11.4%

$ 210,348
498,966
42.2%

Notes:a) Overseas sales are sales recorded by the Company and its
consolidated subsidiaries in countries or regions other thanJapan.
b) The division of overseas sales into countries or regions isdetermined as follows:(1) Overseas sales by country or region:

Geographical areas are defined based on geographicalproximity.
(2) Major countries or regions included in each geographicalarea:		 Northeastern Asia – Taiwan, Korea, China
		 Other– U.S.A., Australia

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

21

Notes to Consolidated Financial Statements

14. Content of no fund transaction
At March 31, 2009, Lease assets of 2,113 million ($21,517 thousand), lease obligations of 2,123 million ($21,616 thousand), summed up by
finance lease dealings.

15. Selling, general and administrative expenses
At March 31, 2009 and 2008, selling, general and administrative expenses at cost are summarized as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)¥

Packing and delivery expenses
Sales commission
Advertising expenses
Employees' salaries and allowances
Provision of allowance for doubtful accounts
Provision for directors' bonuses
Provision for retirement benefits
Provision for directors' retirement benefits
Depreciation
Rent expenses
Development and research expenses

148
104
37
4,929
240
–
379
52
793
415
2,929

¥

March 31,
2009
(Thousands of
U.S. dollars)

289
180
53
4,956
19
23
269
47
173
982
3,152

$ 1,502
1,054
373
50,180
2,439
–
3,854
528
8,075
4,223
29,814

16. Impairment losses
The major assets with respect to which impairment losses were recorded for the fiscal year ended March 31, 2009 are as follows.

22

Location

Use

Classification

Shibaura Mechatronics Korea CO., LTD.

Fine mechatronics

Land, Buildings and structures, Vessel and software

The Companies mainly groups their assets by each operating
division for the assets held and used at the Company, by eachsubsidiary for the assets held and used at subsidiaries and byeach asset for idled assets with no plan to use.

recorded an impairment loss of ¥325 million ($3,311 thousand),consisting of: “Land” —¥4 million ($38 thousand); “Buildings andstructures”—¥268 million ($2,726 thousand); “Vessel”—¥4 million($43 thousand); and “software”—¥49 million ($504 thousand).

Shibaura Mechatronics Korea CO., LTD revalued carrying valueof these assets to their recoverable value due to reduction of
manufacturing activities to more focus on distribution sales,
services and procurement activities. As such, the Companies

The recoverable value of these assets was measured at their net
realizable value using the appraisal for real estate fair value.

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

Notes to Consolidated Financial Statements

17. Related Party Transactions
Toshiba Corporation held 39.1 % of the Company’s voting rights
as of March 31, 2008.
The Company sold semiconductor manufacturing equipment
to Toshiba Corporation and received rent revenue from Toshiba
Corporation. The aggregate amounts of these transactions were

¥2,518 million for the years ended March 31, 2008, respectively.
The Company purchased material from Toshiba Corporation
totaling ¥56 million for the years ended March 31, 2008,
respectively.

Amounts due from and to Toshiba Corporation at March 31, 2008 was as follows:
March 31,		
2009

March 31,
2008

(Millions of yen)Due from Toshiba Corporation
Due to Toshiba Corporation

¥

–
–

¥

March 31,
2009
(Thousands of
U.S. dollars)

239
3,195

$

–
–

Notes:The description in 2009 is omitted because amounts due from and to Toshiba Corporation is not important for the year ended March 31,
2009.

18. Per Share Information
Basic net income per share is computed based on the net
income available for distribution to shareholders of common stockand the weighted-average number of shares of common stock
outstanding during each year. Diluted net income per share iscomputed based on the net income available for distribution to

the shareholders and the weighted-average number of sharesof common stock outstanding during each year, assuming full
dilution of common stock equivalents. Net assets per share iscomputed based on the weighted-average number of shares ofcommon stock outstanding at each balance sheet date.

Year ended		March 31,		
2009

Year ended
March 31,
2008

(Yen)

Net income (loss):– Basic– Diluted
Net assets¥ (111.80)
		 –379.84

Year ended
March 31,2009
(U.S. dollars)

¥

8.62
8.06
501.50$(1.14)
		 –
3.87

Notes:The information regarding diluted net income per share in 2009 is omitted because of net loss for the year ended March 31, 2009.

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

23

Supplemental Information

Non-Consolidated Balance Sheets
March 31,		
2009

AssetsCurrent assets:
Cash and bank deposits
Notes and accounts receivable, trade:
Notes
Accounts
Allowance for doubtful accounts
Inventories
Deferred tax assets
Other current assets
Total current assets

Property, plant and equipment:
Land
Buildings and structures
Machinery and equipment
Lease assets
Construction in progress
Total
Accumulated depreciation
Property, plant and equipment, net

Investments and other assets:
Investments in securities
Investments in subsidiaries and affiliates
Deferred tax assets
Intangible assets
Other assets
Allowance for doubtful accounts
Total investments and other assets

Total assets

24

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATIONMarch 31,
2008

(Millions of yen)March 31,
2009
(Thousands of
U.S. dollars)¥ 1,779¥ 5,654$ 18,107

1,194
14,799(69)
11,696455
715
30,56980
16,066
(21)
9,421
1,788
936
33,924

12,153
150,661(700)
119,071
4,627
7,278
311,19768
27,549591
2,013
61
30,282(15,956)
14,32668
27,547608–
231
28,454(14,649)
13,805

700
280,452
6,013
20,491
624
308,280(162,438)
145,842

118
884
215
428
975
(256)
2,364

218
1,474
2,098
253
703
(5)
4,741

1,201
8,999
2,186
4,363
9,926
(2,609)24,066¥ 47,259¥ 52,470$ 481,105

Non-Consolidated Balance Sheets

March 31,		
2009

Liabilities and net assets
Current liabilities:
Current portion of long-term debt
Notes and accounts payable:
Notes
Accounts
Advances received
Lease obligations
Allowance for bonuses to directors and statutory auditors
Provision for contract losses
Accrued expenses
Accrued income taxes
Other current liabilities
Total current liabilities
Long-term liabilities:
Long-term debt
Lease obligations
Allowance for retirement benefits
Directors’ retirement benefits
Reserve for repair and maintenance
Other long-term liabilities
Total long-term liabilities
Total liabilities
Net assets:
Shareholders’ equity:
Common stock:
Authorized :100,000,000 shares
    Issued:51,926,194 shares at March 31, 2009 and 2008
Additional paid-in capital
Retained earnings
Less treasury stock, at cost
Total shareholders’ equity
Valuation and translation adjustments:
Net unrealized holding gain on other securities
Total net assets
Total liabilities and net assets

March 31,
2008

(Millions of yen)March 31,
2009
(Thousands of
U.S. dollars)¥ 7,100¥ 6,415$ 72,281

1,917
5,846
1,011
639
–
39
1,870
40
146
18,608

1,584
8,211
453
–
22
214
2,879
55
129
19,962

19,511
59,517
10,297
6,502–
395
19,038407
1,490
189,438

3,204
999
4,343
93
337
3,023
11,99930,607

3,804
–
4,072
150
302
3,023
11,35131,31332,61910,174
44,211944
3,427
30,772
122,147
311,585

6,762
10,739851(1,720)
16,632

6,762
10,7395,307(1,718)21,09068,833
109,322
8,663(17,503)
169,31520
16,652¥ 47,259

67
21,157¥ 52,470

205
169,520$ 481,105

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION

25

Supplemental Information

Non-Consolidated Statements of Income
Year ended		March 31,		
2009

Year ended
March 31,
2008

(Millions of yen)

Year ended
March 31,
2009
(Thousands of
U.S. dollars)¥ 37,007
30,3986,609¥ 47,077
39,082
7,995$ 376,738
309,461
67,277

Selling, general and administrative expenses
Operating loss

8,197
(1,588)

8,475
(480)

83,449(16,172)

Other income (expenses):
Interest and dividend income
Interest expense
Loss on valuation of investment securities
Loss on valuation of subsidiaries’ stock
Provision of allowance for doubtful accounts for subsidiaries and affiliates
Other, net(Loss) income before income taxes

1,839
(133)
(38)
(1,180)
(106)
429
(777)

1,395
(120)
–
–
–
(90)
705

18,720(1,351)(382)(12,010)(1,083)
4,363(7,915)

51
–
3,232
3,283
¥ (4,060)

176
59
(69)
166
539

517
–
32,90933,426$ (41,341)

Net sales
Cost of sales
Gross profit

Income taxes:
Current
Prior years
Deferred
Net (loss) income

¥

(Yen)

Per share of common stock:
Net (loss) income
Cash dividends applicable to the year

26

Annual Report 2009 Financial Section
SHIBAURA MECHATRONICS CORPORATION¥(82.17)
4.00(U.S. dollars)

¥

10.90
8.00

$

(0.84)
0.04

5-1, Kasama 2-chome, Sakae-ku, Yokohama,
Kanagawa Pref. 247-8610, Japan
TEL：+81-45-897-2421
FAX：+81-45-897-2470
http://www.shibaura.co.jp/

SEA0310A 00 0910
09021