Fujitsu 2008 Annual Report Download - page 101

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The carrying and market values of the shares of the publicly listed equity method affiliates at March 31, 2007 and
2008 were as follows:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Carrying value ¥ 8,135 ¥18,903 $189,030
Market value 20,441 45,614 456,140
At March 31, 2007 and 2008, the Company recognized investments in Japan Electronic Computer Co., Ltd.
(“JECC”) of ¥18,405 million and ¥17,484 million ($174,840 thousand), respectively, as “investments and long-term
loans—others.”
The Company owned 29.49 % of JECC’s issued and outstanding shares at March 31, 2007 and 2008, respectively,
but the Company did not regard JECC as an affiliate as it was unable to exercise significant influence over JECC’s
affairs. JECC’s principal business was the leasing of computers and peripherals purchased from its six shareholders.
At March 31, 2007 and 2008, JECC’s issued share capital was ¥65,700 million ($657,000 thousand).
Its net sales for the years ended March 31, 2006, 2007 and 2008 amounted to ¥299,993 million, ¥298,591 million
and ¥299,817 million ($2,998,170 thousand), respectively.
099
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS