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51
Annual Report 2005
4. Marketable Securities
At March 31, 2004 and 2005, marketable securities included in “short-term investments” and “other investments and
long-term loans” were as follows:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2004 2005 2005
Held-to-maturity investments
Carrying value (Amortized cost) ¥ 2,208 ¥ 1,414 $ 13,215
Market value 2,225 1,436 13,421
Net unrealized gain ¥ 17 ¥22 $ 206
Available-for-sale securities
Acquisition costs ¥ 64,794 ¥ 62,158 $ 580,916
Carrying value (Market value) 317,891 228,429 2,134,851
Net unrealized gain ¥253,097 ¥166,271 $1,553,935
5. Inventories
Inventories at March 31, 2004 and 2005 consisted of the following:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2004 2005 2005
Finished goods ¥193,039 ¥186,555 $1,743,505
Work in process 240,637 211,090 1,972,804
Raw materials 87,450 80,865 755,747
¥521,126 ¥478,510 $4,472,056
6. Investments in Affiliates
The Company accounts for investments in affiliates by the equity method with minor exceptions.
A summary of the financial information of the affiliates accounted for by the equity method is presented below:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2004 2005 2005
Current assets ¥ 778,871 ¥585,081 $5,468,047
Non-current assets 450,182 392,281 3,666,177
1,229,053 977,362 9,134,224
Current liabilities 616,255 604,384 5,648,448
Long-term liabilities 275,723 224,153 2,094,888
Net assets ¥ 337,075 ¥148,825 $1,390,888