Sony 2005 Annual Report Download - page 123

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120 Sony Corporation
22. Reconciliation of the differences between basic and diluted net income per share (“EPS”)
(1) Income before cumulative effect of accounting changes and net income allocated to each class of stock:
Dollars in
Yen in millions millions
Years ended March 31 2003 2004 2005 2005
Income before cumulative effect of an accounting change allocated to the common stock . .
¥115,648 ¥90,756 ¥168,498 $1,575
Income before cumulative effect of an accounting change allocated to the subsidiary
tracking stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(129) (128) 53 0
Income before cumulative effect of an accounting change . . . . . . . . . . . . . . . . . . . . . . . . .
¥115,519 ¥90,628 ¥168,551 $1,575
Net income allocated to the common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥115,648 ¥88,639 ¥163,785 $1,531
Net income allocated to the subsidiary tracking stock . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(129) (128) 53 0
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥115,519 ¥88,511 ¥163,838 $1,531
.
(2) EPS attributable to common stock:
Reconciliation of the differences between basic and diluted EPS for the years ended March 31, 2003, 2004 and 2005 is as follows:
Dollars in
Yen in millions millions
Years ended March 31 2003 2004 2005 2005
Income before cumulative effect of an accounting change allocated to the common stock . .
¥115,648 ¥90,756 ¥168,498 $1,575
Effect of dilutive securities:
Convertible bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,398 2,260 1,209 11
Subsidiary tracking stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—— (0) (0)
Income before cumulative effect of an accounting change allocated to the common stock
for diluted EPS computation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥118,046 ¥93,016 ¥169,707 $1,586
Thousands of shares
Weighted-average shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
919,706 923,650 931,125
Effect of dilutive securities:
Warrants and stock acquisition rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 48 61
Convertible bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
78,873 121,120 112,589
Weighted-average shares for diluted EPS computation . . . . . . . . . . . . . . . . . . . . . . . . . . .
998,591 1,044,818 1,043,775
YenDollars
Basic EPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥125.74.¥98.26.¥180.96.$1.69.
Diluted EPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥118.21.¥89.03.¥162.59.$1.52.
As discussed in Note 2, the earnings allocated to the subsid-
iary tracking stock are determined based on the subsidiary
tracking stockholders’ economic interest. The accumulated
losses of SCN (the subsidiary tracking stock entity as discussed
in Note 16) used for computation of earnings per share attribut-
able to subsidiary tracking stock were ¥779 million, ¥1,764
million and ¥1,358 million ($13 million) as of March 31, 2003,
2004 and 2005, respectively.
.
Potential common stock upon the exercise of warrants and
stock acquisition rights, which were excluded from the compu-
tation of diluted EPS since they have an exercise price in excess
of the average market value of Sony’s common stock during the
fiscal year, were 4,141 thousand shares, 6,796 thousand
shares, and 7,987 thousand shares for the years ended March
31, 2003, 2004 and 2005, respectively.
Warrants and stock acquisition rights of subsidiary tracking
stock for the years ended March 31, 2003 and 2004, which
have a potentially dilutive effect by decreasing net income
allocated to common stock, were excluded from the computa-
tion of diluted EPS since they did not have a dilutive effect.
Stock options issued by affiliated companies accounted for
under the equity method for the years ended March 31, 2003,
2004 and 2005, which have a potentially dilutive effect by
decreasing net income allocated to common stock, were ex-
cluded from the computation of diluted EPS since such stock
options did not have a dilutive effect.
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