DENSO Corporation and consolidated subsidiaries
Years ended March 31, 1997 and 1996 and three months ended March 31, 1995
Millions of yen Thousands of
U.S. dollars
(Note 1)
/199719961995 1997
Common Stock:
Balance at beginning of period Y 112,211Y 111,787Y 108,148$ 904,927
Conversion of convertible bonds 17,68642473,478142,629
Exercise of warrants ----161--
Balance at end of period Y 129,897Y 112,211Y 111,787$ 1,047,556
/
Additional Paid-in Capital:
Balance at beginning of period Y 190,857Y 190,434Y 186,799$ 1,539,169
Conversion of convertible bonds 17,6604233,475142,420
Exercise of warrants ----160--
Balance at end of period Y 208,517Y 190,857Y 190,434$ 1,681,589
/
Legal Reserve:
Balance at beginning of period Y 27,955Y 27,037Y 22,959$ 225,444
Transfer to retained earnings (Note 2) ----(1,442)--
Transfer from retained earnings 7069185,5205,693
Balance at end of period Y 28,661Y 27,955Y 27,037$ 231,137
/
Retained Earnings:
Balance at beginning of period Y 573,079Y 532,670Y 521,630$ 4,621,605
Transfer from legal reserve (Note 2) ----1,442--
Increase due to additional consolidation of
subsidiaries and application of
equity method ----15,010--
Net income 71,37649,8457,442575,613
Retirement of treasury stocks (Note 9) (19,998)----(161,274)
Cash dividends (12,170)(9,128)(6,919)(98,145)
Transfer to legal reserve (706)(918)(5,520)(5,694)
Bonuses to directors and statutory auditors (276)(214)(415)(2,226)
Foreign currency translation adjustments --824----
Balance at end of period Y 611,305Y 573,079Y 532,670$ 4,929,879
/
Treasury Common Stock at End of PeriodY (2)Y (2)Y (0)$ (16)
Total Shareholders' Equity at
End of PeriodY 978,378Y 904,100Y 861,928$ 7,890,145
/
Thousands of shares
/199719961995
Number of Shares:
Balance at beginning of period 869,853869,328864,882
Issued upon conversion of convertible bonds 20,0305254,257
Issued upon exercise of warrants ----189
Retirement of treasury stocks (8,661)----
Balance at end of period 881,222869,853869,328

See accompanying notes to consolidated financial statements.




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