Ricoh 2007 Annual Report Download - page 29

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To Our Shareholders and
Customers
Highlights
Corporate Governance Business Strategy
CSR
Environmental Management
Financial Section Brand Strategy
28
ANNUAL REPORT 2007
Millions of Yen
Thousand of U.S. Dollars
Fair Fair
Cost Value Cost Value
Debt Securities
Due with in one year ¥176 ¥176 $1,492 $1,492
Due after one year
through five years 6,000 6,010 50,847 50,932
Equity Securities 49,261 64,110 417,466 543,305
Other 243 243 2,059 2,059
Total ¥55,680 ¥70,539 $471,864 $597,788
CREDIT RISK
Ricoh is also exposed to credit-related losses in the event of
nonperformance by counterparties to the financial instrument;
however, credit risk arising from the nonperformance of counterparties
to meet the terms of financial instrument contracts is generally limited
to the amounts by which the counterparties' obligations exceed the
obligations of Ricoh. It is Ricoh's policy to only enter into financial
instrument contracts with a diversified group of financial institutions
having credit ratings satisfactory to Ricoh to minimize the
concentration of credit risk. Therefore, Ricoh does not expect to incur
material credit losses on its financial instruments.
EQUITY PRICE RISK
Ricoh has a relatively small portion of marketable securities which are
subject to equity price risk arising from changes in their market prices.
Marketable securities consist of a diversified pool of equity securities.
Ricoh's overall investment policy is to invest in highly-liquid, low risk
investments.
The table provides information about contractual maturities for
available-for-sale securities and the fair values for market risk sensitive
securities as of March 31, 2007.