Edgar Filing: PIONEER CORP

PIONEER CORPORATION

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2005

Commission File Number 1-7616


		PIONEER CORPORATION
		(Translation of registrant’s name into English)


		4-1, MEGURO 1-CHOME, MEGURO-KU, TOKYO 153-8654, JAPAN
		(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:


Form 20-F þ		Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes o		No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

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SIGNATURES
Pioneer Announces Partial Amendments to Consolidated Business Results for Fiscal 2005

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	PIONEER CORPORATION (Registrant)
Date: May 9, 2005
	By	/s/ Kaneo Ito
		Kaneo Ito President and Representative Director

This report on Form 6-K contains the following:

The announcement released by the Company to the press in Japan dated May 9, 2005, concerning the partial amendment to its consolidated business results for fiscal 2005, ended March 31, 2005, which were announced on April 27, 2005.

For Immediate Release
May 9, 2005

Pioneer Announces Partial Amendments to
Consolidated Business Results for Fiscal 2005

TOKYO — Pioneer Corporation today announced as follows, partial amendments to its consolidated business results for fiscal 2005, ended March 31, 2005, which were announced on April 27, 2005.

Points of Amendments

(1)

OPERATING REVENUE BY SEGMENT


	(In millions of yen)
	Year ended March 31
	2005					2004					% to
	Amount		% to total			Amount		% to total			prior year
Domestic	¥	87,954		12.0	%	¥	78,798		11.2	%		111.6	%
Overseas		213,274		29.1			202,684		29.0			105.2

Home Electronics		301,228		41.1			281,482		40.2			107.0

Domestic		120,260		16.4			121,708		17.4			98.8
Overseas		183,150		25.0			170,479		24.3			107.4

Car Electronics		303,410		41.4			292,187		41.7			103.8

Domestic		–		–			–		–			–
Overseas		10,237		1.4			11,821		1.7			86.6

Patent Licensing		10,237		1.4			11,821		1.7			86.6

Domestic		53,935		7.3			62,792		9.0			85.9
Overseas		64,838		8.8			52,603		7.4			123.3

Others		118,773		16.1			115,395		16.4			102.9

Domestic		262,149		35.7			263,298		37.6			99.6
Overseas		471,499		64.3			437,587		62.4			107.7	*

Total	¥	733,648		100.0	%	¥	700,885		100.0	%		104.7	%

Amended figures.

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(2)

CONSOLIDATED BALANCE SHEETS


							(In millions of yen)
	March 31						Increase/
	2005			2004			(Decrease)
ASSETS
Current assets:
Cash and cash equivalents	¥	116,681		¥	192,419		¥	(75,738	)
Trade receivables, less allowance		132,176			112,055			20,121
Inventories		109,015			107,806			1,209
Others		69,024			67,508			1,516

Total current assets		426,896			479,788			(52,892	)

Investments and long-term receivables		28,828			33,725			(4,897	)
Property, plant and equipment, less depreciation		210,145			156,201			53,944
Intangible assets		24,052			18,966			5,086
Other assets		35,246			33,862			1,384

Total assets	¥	725,167		¥	722,542		¥	2,625


LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings	¥	33,152		¥	23,327		¥	9,825
Current portion of long-term debt		19,276	*		4,510			14,766	*
Trade payables		96,335			79,439			16,896
Others		102,407			116,022			(13,615	)

Total current liabilities		251,170	*		223,298			27,872	*

Long-term debt		81,219	*		89,691			(8,472)	*
Other long-term liabilities		42,371			58,771			(16,400	)
Minority interests		18,168			17,844			324
Shareholders’ equity:
Common stock		49,049			49,049			–
Capital surplus		82,735			82,464			271
Retained earnings		260,556			273,718			(13,162	)
Accumulated other comprehensive income (loss)		(47,669	)		(61,829	)		14,160
Treasury stock		(12,432	)		(10,464	)		(1,968	)

Total shareholders’ equity		332,239			332,938			(699	)

Total liabilities and shareholders’ equity	¥	725,167		¥	722,542		¥	2,625


Breakdown of accumulated other comprehensive income (loss)
Minimum pension liability adjustments	¥	(11,186	)	¥	(22,930	)	¥	11,744
Net unrealized holding gain on securities		8,250			9,103			(853	)
Cumulative foreign currency translation adjustments		(44,733	)		(48,002	)		3,269

Total accumulated other comprehensive income (loss)	¥	(47,669	)	¥	(61,829	)	¥	14,160

Amended figures.

# # # # #

For further information, please contact:
Investor Relations Department, Corporate Communications Division
Pioneer Corporation, Tokyo
Phone: +81-3-3495-6774 / Fax: +81-3-3495-4301
E-mail: pioneer_ir@post.pioneer.co.jp
Website: http://www.pioneer.co.jp/ir-e

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