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35
4. Marketable securities
The current and noncurrent portfolios of marketable securities
at March 31, 1997 and 1998, which are included in short-term
investments (current) and in investments and long-term loans—
other (noncurrent), were summarized as follows:
Yen U.S. dollars
(millions) (thousands)
1997 199 8 1 998
Current:
Carrying value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 31,788 ¥ 24,521 $ 185,76 5
Market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,376 24,745 187,462
Net unrealized gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (412) ¥ 224 $ 1,697
Noncurrent:
Carrying value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 106,138 ¥1 03,624 $ 785,03 0
Market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202,747 1 64,324 1 ,244,879
Net unrealized gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 96,609 ¥ 60,700 $ 459,84 9
5. Inventories
Inventories at March 31, 1997 and 1998 consisted of the following:
Yen U.S. dollars
(millions) (thousands)
1997 199 8 1 998
Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 403,277 ¥4 3 3 ,620 $3,285,00 0
Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333,312 3 6 6 ,251 2,774,629
Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 3,993 158,59 5 1 ,201,477
¥880,582 ¥ 9 5 8,466 $7,261,106
6. Investments in affiliates
A summary of the financial information of the affiliates accounted for on an equity basis is presented below:
Yen U.S. dollars
(millions) (thousands)
1997 199 8 1 998
Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 799,324 ¥ 7 72,633 $5,85 3 ,280
Other assets, including property, plant and equipment, net . . . . . . . . . . . . . . . 569,122 54 3 ,585 4,118,068
1,368,446 1,31 6 ,218 9,971,348
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 486 ,136 45 4 ,928 3,446,424
Long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124,823 109,339 828,326
Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 757,487 ¥ 751,95 1 $5,69 6,598
Yen U.S. dollars
(millions) (thousands)
1996 1997 199 8 1 998
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 859,826 ¥ 937,439 ¥1,062,300 $8,047,727
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,436 16,182 60,812 460 ,697