Epson 2007 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2007 Epson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 89

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89

78 Seiko Epson Corporation
Future lease payments for non-cancelable operating leases as a lessee at March 31, 2006 and 2007 were as
follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Future lease payments 2006 2007 2007
Due within one year ¥ 4,482 ¥5,307 $ 44,955
Due after one year 12,129 10,705 90,682
Total ¥16,611 ¥16,012 $135,637
In addition, future lease receipts for non-cancelable operating leases as a lessor at March 31, 2006 and 2007
were as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
Future lease receipts 2006 2007 2007
Due within one year ¥ 315 ¥— $—
Due after one year 1,505 ——
Total ¥1,820 ¥— $—
20. Contingent liabilities
Contingent liabilities for guarantee of employees’ housing loans from banks at March 31, 2006 and 2007 were
¥2,920 million and ¥2,447 million ($20,729 thousand), respectively.
21. Related party transactions
The Company has entered into real estate lease agreements with K.K. Sunritz (“Sunritz”). Mr. Yasuo Hattori, a vice-
chairman and director of the Company, and his relatives own 9.5% and 71.3% of the outstanding shares of Sunritz,
respectively.
Mr. Saburo Kusama, a chairman and director of the Company, is a chairman of SE GAKUEN Educational Foun-
dation (“SE GAKUEN”) and a chairman of Epson International Scholarship Foundation (“International Scholarship
Foundation”). Mr. Saburo Kusama owns 0.0% of the outstanding shares of the Company.