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indicated in Note 1. (a) Basis of presenting consolidated financial statements and the principles of con-
solidation while some subsidiaries have adopted IFRS in countries where IFRS can be applied.
As a result of future revisions of IFRS or other effects, there is a possibility that certain differences
may arise for the accounting principles and practices that are not discussed above.
3. U.S. Dollar Amounts
The Company and its consolidated subsidiaries in Japan maintain their books of account in yen. The
U.S. dollar amounts included in the accompanying consolidated financial statements and the notes thereto
represent the arithmetic results of translating yen into U.S. dollars at ¥118 = US$1, the approximate
exchange rate at March 31, 2007.
The U.S. dollar amounts are presented solely for the convenience of readers and the translation is not
intended to imply that the assets and liabilities which originated in yen have been or could readily be
converted, realized or settled in U.S. dollars at the above or any other rate.
4. Marketable Securities
At March 31, 2006 and 2007, marketable securities included in “short-term investments” and “invest-
ments and long-term loans—others” were as follows:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2006 2007 2007
Held-to-maturity investments
Carrying value (Amortized cost) ¥ 901 ¥ 599 $ 5,076
Market value 892 607 5,144
Net unrealized gain (loss) ¥ (9) ¥ 8 $ 68
Available-for-sale securities
Acquisition costs ¥ 65,323 ¥ 90,448 $ 766,508
Carrying value (Market value) 369,039 298,673 2,531,127
Net unrealized gain (loss) ¥303,716 ¥208,225 $1,764,619
5. Inventories
Inventories at March 31, 2006 and 2007 consisted of the following:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2006 2007 2007
Finished goods ¥180,656 ¥194,433 $1,647,737
Work in process 142,673 135,569 1,148,890
Raw materials 85,381 82,385 698,178
Total inventories ¥408,710 ¥412,387 $3,494,805
68 Fujitsu Limited