|
 |
Financial Information:
Annual Report 2005
 |
|
Consolidated
Statements of Income |
| NSK Ltd. and Subsidiaries |
|
| |
|
|
|
|
|
|
| |
Millions of yen |
Thousands of
U.S. dollars
(Note 2) |
|
| Year ended March 31, |
2005 |
2004 |
2005 |
|
| |
| Net sales |
¥580,989 |
¥522,217 |
$5,429,804 |
| Cost of sales (Note 12) |
450,305 |
409,900 |
4,208,458 |
|
| Gross profit |
130,683 |
112,317 |
1,221,336 |
| Selling, general and administrative expenses (Note
12) |
92,400 |
86,345 |
863,551 |
|
| Operating income |
38,283 |
25,972 |
357,785 |
|
| |
| Other income (expenses): |
| |
Interest and dividend income |
1,406 |
1,424 |
13,140 |
| Interest expense |
(5,005) |
(6,058) |
(46,776) |
| Loss on devaluation of investment securities |
(81) |
- |
(757) |
| Equity in earnings of affiliated companies |
3,078 |
2,943 |
28,766 |
| Loss on disposal of inventories |
(1,639) |
(2,371) |
(15,318) |
| Gain on sales of investment securities |
1,304 |
7,663 |
12,187 |
| Gain on sales of investments in affiliated companies |
- |
840 |
- |
| Loss on sales of investments in affiliated companies |
(157) |
(24) |
(1,467) |
| Loss on disposal of property, plant and equipment |
(193) |
(1,147) |
(1,804) |
| Gain on partial termination of defined benefit
plans (Note 10) |
1,059 |
- |
9,897 |
| Other, net |
(3,022) |
(2,790) |
(28,243) |
|
| |
(3,251) |
479 |
(30,383) |
|
| |
| Income before income taxes and minority interests |
35,031 |
26,451 |
327,393 |
| Income taxes (Note 7): |
| |
Current |
8,890 |
9,267 |
83,084 |
| Deferred |
2,711 |
2,206 |
25,336 |
|
| |
11,601 |
11,473 |
108,421 |
|
| |
| Minority interests in earnings of consolidated
subsidiaries |
1,080 |
684 |
10,093 |
|
| Net income (Note 16) |
¥22,349 |
¥14,293 |
$208,869 |
|
| The accompanying notes are an integral
part of these statements. |
|
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