Square Enix 2004 Annual Report Download - page 67

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SQUARE ENIX 2004 65
U.S.GAAP adjustments (9,916) (208) (93,821)
Consolidated ¥9,482 ¥4,396 $89,715
Millions of Yen Thousands of
For the years ended March 31 U.S. Dollars
Assets 2004 2003 2004
Japan ¥96,547 ¥57,262 $913,492
North America 12,106 203 114,542
Europe 772 — 7,304
Asia excluding Japan 1,208 — 11,430
Corporate and Elimination — — —
Total ¥110,633 ¥57,465 $1,046,768
U.S.GAAP adjustments 71,415 15 675,703
Consolidated ¥182,048 ¥57,480 $1,722,471
The Company had sales to five customers, which represented 21.6 % and
30.2% of total net sales in the years ended March 31, 2004 and 2003,
respectively.
18. RELATED PARTY TRANSACTION
The balances and transactions with related parties included in the accom-
panying consolidated financial statements are as follows:
Millions of Yen Thousands of
As of March 31 U.S. Dollars
2004 2003 2004
Accounts payable to Armor Project
Co., Ltd. — ¥449 —
Millions of Yen Thousands of
Years ended March 31 U.S. Dollars
2004 2003 2004
Royalty paid to Armor Project Co., Ltd. — ¥378 —
Armor Project Co., Ltd ("Armor Project") is a Japanese company that is
owned by Mr. Yuji Horii, a director of Enix. The transaction with Armor
Project was based on the license agreement with respect to the develop-
ment of DRAGON QUEST series product, pursuant to which, the
Company, as a licensee, paid royalty to Armor Project.
19. SUBSEQUENT EVENT
The annual stockholders’ meeting for the year ended March 31, 2004 was
held on June 19, 2004 in Tokyo. In the meeting, the year-end cash divi-
dend in the total amount of ¥2,200 million was proposed by the manage-
ment of the Company and approved by the stockholders.