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Annual Report 2009 37
4.
INVENTORIES
Inventories at March 31, 2009 and 2008 were as follows:
Millions of yen
Thousands of
U.S. dollars
2009 2008 2009
Finished goods ¥28,110 ¥ 47,336 $286,836
Work in process 26,930 53,320 274,795
Raw materials and supplies 25,213 38,196 257,275
¥80,254 ¥138,853 $818,918
5.
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES
Investments in and advances to unconsolidated subsidiaries and affiliates at March 31, 2009 and 2008 were as follows:
Millions of yen
Thousands of
U.S. dollars
2009 2008 2009
Investments stated:
By the equity method ¥4,412 ¥4,979 $45,020
At cost or less 1,299 2,421 13,255
Advances 1,835 1,659 18,724
¥7,546 ¥9,060 $77,000
6.
SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2009 and 2008 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2009 2008 2009
Loans, principally from banks, at weighted-average interest rates of 1.7% and 1.9% at March
31, 2009 and 2008, respectively:
Secured ¥ 6,000 ¥ 4,500 $ 61,224
Unsecured 77,541 94,298 791,234
¥83,541 ¥98,798 $852,459
Long-term debt at March 31, 2009 and 2008 is summarized as follows:
Millions of yen
Thousands of
U.S. dollars
2009 2008 2009
Loans from banks, insurance companies and government agencies, due through 2014:
Secured ¥ — ¥ 358 $ —
Unsecured 108,224 136,224 1,104,326
Unsecured convertible bonds:
Zero coupon convertible bonds with stock acquisition rights due 2008(*1) —20,000 —
Zero coupon convertible bonds with stock acquisition rights due 2011(*2,3) 12,000 12,000 122,448
120,224 168,582 1,226,775
Less: Current portion (25,619) (53,935) (261,418)
¥ 94,605 ¥114,646 $ 965,357
*1 The zero coupon convertible bonds with stock acquisition rights due 2008 are exercisable during the period from December 10, 2004 to Novem-
ber 12, 2008 (unless they are previously redeemed or purchased and cancelled) and entitle the bearer to acquire fully-paid and non-assessable
shares of common stock of the Company at a conversion price of ¥ 504 ($ 5.0) per share.