Epson 2012 Annual Report Download - page 81

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80
¥528 million ($6,424 thousand) as of March 31, 2011 and 2012, respectively.
25. 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 owned 9.5% and 71.3% of the outstanding shares
of Sunritz, respectively as of March 31, 2011.
Mr. Yasuo Hattori, a vice-chairman and director of the Company, and his relatives have owned 26.65% and
52.52% of the outstanding shares of Aoyama Kigyo Kabushiki Kaisha (“Aoyama”), respectively as of March 31,
2012.
Epson has conducted the acquisition of 1,200,000 treasury stocks from Mr. Yasuo Hattori determined by a
resolution at its board of directors' meeting held on November 16, 2011 through the off-auction own share
repurchase trading system (ToSTNeT-3) on the Tokyo Stock Exchange, at the share price on November 16, 2011
(¥964 per share, $11.72 per share).
Epson has conducted the acquisition of 19,000,000 treasury stocks from Aoyama determined by a resolution at
its board of directors' meeting held on November 16, 2011 through the off-auction own share repurchase trading
system (ToSTNeT-3) on the Tokyo Stock Exchange, at the share price on November 16, 2011 (¥964 per share,
$11.72 per share). Aoyama had been an Epson’s major shareholder, but they haven’t been since this transaction.
A subsidiary of the Company has also entered into real estate lease agreements with Hamazawa Investment
Company (“Hamazawa”), which is a subsidiary of Sunritz, as of March 31, 2011.
The company and its subsidiary’s transactions with these related parties for the years ended March 31, 2011 and
2012, and related balances on March 31, 2011 and 2012, were as follows:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31
Year ended
March 31,
2011 2012 2012
Transactions:
With Sunritz -
Rental expenses for real estates ¥18 - -
With Mr. Yasuo Hattori -
Acquisition of treasury stock - ¥1,156 $14,064
With Aoyama -
Acquisition of treasury stock - 18,316 222,849
With Hamazawa -
Rental expenses for real estates 21 - -
Millions of yen
Thousands of
U.S. dollars
Year ended March 31
Year ended
March 31,
2011 2012 2012
Balances:
With Sunritz -
Other investments ¥1 - -