Square Enix 2011 Annual Report Download - page 19

Notes: 1. Owing to unlisted shares having no market price and recognizing the
extreme difficulty in determining fair value, gain or loss on revaluation of
unlisted shares is not presented in the table above.
2. Figures denoted with an asterisk under “Total loss on revaluation of
shares” indicate impairment losses for the fiscal year under review.
(iv) Companies in which shares are held, number of shares,
amount presented on the balance sheets for investments
in shares for which the purpose of investment has
changed from “purely investment purposes” to “purposes
other than purely investment purposes”:
There are no applicable items.
(v) Companies in which shares are held, number of shares,
amount presented on the balance sheets for investments
in shares for which the purpose of investment has
changed from “purposes other than purely investment
purposes” to “purely investment purposes”:
There are no applicable items.
(6) Names of certified public accountants (CPAs) and
name of statutory audit firm that conducted audits
of the Company
The Company retains Ernst & Young ShinNihon as its
statutory audit firm pursuant to the Companies Act and the
Financial Instruments and Exchange Law to perform
independent third-party accounting audits. The Company
cooperates fully with the statutory audit firm to ensure its
smooth performance of duties.
The following CPAs conducted audits of the Company
during the fiscal year ended March 31, 2011.
• CPAs performing audits:
Limited-liability partners: Koichiro Watanabe, Kenichi
Shibata and Tatsuya Yokouchi
• Personnel providing audit assistance:
13 CPAs, 9 assistant CPAs
(7) Overview of liability limitation agreements
The Company has liability limitation agreements in place with
its outside director and outside corporate auditors in
accordance with Article 427, Paragraph 1, of the Companies
Act to limit liabilities provided under Article 423, Paragraph 1,
of the Companies Act. These agreements limit the liability of
the outside director and each outside corporate auditor to
¥10 million or the legally specified amount, whichever is
greater, on condition that the director or corporate auditors
have performed their duties in good faith and without gross
negligence.
(8) Prescribed number of directors
The Company’s Articles of Incorporation stipulate that the
number of directors shall not exceed 12.
(9) Resolution requirements for the election of
directors
The Company’s Articles of Incorporation stipulate that
resolutions for the election of directors shall be made by the
majority of votes of shareholders exercising their voting
rights at the General Meeting of Shareholders where
shareholders in attendance hold one-third or more of
outstanding voting rights.
(10) Bodies able to determine dividends paid from
retained earnings
The Company’s Articles of Incorporation stipulate that
matters provided under Article 459, Paragraph 1, of the
Companies Act may be determined by the Board of
Directors unless legally stipulated otherwise. The objective of
this provision is to expand the range of options enabling
flexible execution of capital policies.
Millions of yen
Category
Previous fiscal
year Fiscal year ended March 31, 2011
Total amount
presented on
balance
sheets
Total amount
presented on
balance
sheets
Total
dividends
received
Total gain on
sale of shares
Total loss on
revaluation of
shares
Unlisted
shares 48 31 — — (Note 1) (16)*
Shares
other than
those
above
429 292 13 — (15)
(139)*
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