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Restructuring charges for the year ended March 31, 2009 included ¥37,017 million ($377,725 thousand) in losses related to the disposal of
assets and settlement of liabilities related to the HDD business determined to transfer to outside the Group and its related severance costs for
the transferred employees; ¥11,359 million ($115,908 thousand) in disposal losses for facilities scheduled to be shut down for the next fiscal
year in conjunction with the reorganization of the LSI wafer production facilities; and ¥5,822 million ($59,408 thousand) in restructuring
expenses related to businesses outside Japan and the components business.
Restructuring charges related to HDD business of ¥37,017 million ($377,725 thousand), included ¥16,269 million ($116,010 thousand) in
impairment losses on its corresponding assets.
Loss on revaluation of investment securities
Loss on revaluation of investment securities for the years ended March 31, 2008 and 2009 referred mainly to a significant decline in the market
share price of Spansion Inc. of the U.S.
Loss on revaluation of inventories at the beginning of period
Loss on revaluation of inventories for the year ended March 31, 2008 consisted of write-downs on inventories booked at the beginning of the
period in conjunction with the adoption of a new accounting standard for valuation of inventories. There were two types of revaluation loss.
One type was a loss of ¥16,235 million regarding write-downs of inventories for parts held for maintenance and related services incurred due
to changes in the method of expense recognition from one upon use or disposal to one over the period for which maintenance and related
services were provided. The other type was a loss of ¥8,810 million related to inventories written down to net realizable value, and obsolescent
inventories generated out of the ordinary course of business.
Loss on sales of investment securities
Loss on sales of investment securities for the year ended March 31, 2007 referred to mainly loss on sales of shares in Spansion Inc of the U.S.
Amortization of unrecognized obligation for retirement benefits
Amortization of unrecognized obligation for retirement benefits refers mainly to amortization of actuarial loss in Japan, prior service cost in
Japan, which resulted from pension system revisions, and net obligation at transition for the consolidated subsidiaries in Japan.
For the year ended March 31, 2008, the Company and its consolidated subsidiaries in Japan reclassified amortization recognition
from a component of “other income (expenses)” to a component of “cost of sales” or “selling, general and administrative expenses.” The
reason for the change is stated in Note 1 Significant Accounting Policies (m) Retirement benefits.
17. Supplementary Information to the Consolidated Statements of Cash Flows
In accordance with Japanese business custom, receivables and payables are settled in the following fiscal year if the end of the fiscal year is a
non-trading day for financial institutions. As March 31, 2007 was a non-trading day for financial institutions, receivables and payables settled in
the following fiscal year and impacting cash flows for the years ended March 31, 2008 are as follows:
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2008 2009 2009
Decrease in receivables, trade ¥ 18,049 ¥— $—
Decrease in payables, trade (74,168) — —
Other, net (19,081) — —
Net cash used in operating activities (A) (75,200) — —
Purchases of property, plant and equipment (34,398) — —
Net cash used in investing activities (B) (34,398) — —
Net cash flows from the impact (A)+(B) ¥(109,598) ¥— $—
FACTS & FIGURES Notes to Consolidated Financial Statements
109
ANNUAL REPORT 2009
FUJITSU LIMITED