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58 NIKON REPORT 2015
Long-term debt as of March 31, 2014 and 2015 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2014 2015 2015
Loans, principally from banks and insurance companies:
2014: 0.61300% – 1.95250% due 2014 – 2025
2015: 0.61300% – 1.95250% due 2015 – 2026 ¥ 49,600 ¥ 49,600 $ 412,749
Obligations under nance leases 3,021 2,298 19,121
Bonds 60,000 50,000 416,075
Total 112,621 101,898 847,945
Less: Current portion (11,302) (16,012) (133,243)
Long-term debt, less current portion ¥101,319 ¥ 85,886 $ 714,702
The aggregate annual maturities of long-term debt as of March 31, 2015 are as follows:
Years Ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2016 ¥ 16,012 $133,243
2017 13,523 112,532
2018 10,361 86,219
2019 179 1,488
2020 2,262 18,826
Thereafter 59,561 495,637
Total ¥101,898 $847,945
7. Retirement and Pension Plans
The Company has a dened-benet corporate pension plan (cash balance plan) and a dened-contribution pension plan, and its consolidated
domestic subsidiaries have a dened-benet corporate pension plan and unfunded retirement benet plans. Certain domestic subsidiaries
have a smaller enterprise retirement allowance mutual aid system. Certain foreign subsidiaries also have a dened-benet plan and a
dened-contribution pension plan.
The Group accounted for the liability for retirement benets based on the projected benet obligations and plan assets at the balance
sheet date.
(1) The changes in dened benet obligation for the years ended March 31, 2014 and 2015, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2015 2015
Balance at beginning of year (as previously reported) ¥117,252 ¥118,130 $ 983,027
Cumulative effect of accounting changes 18,587 154,670
Balance at the beginning of the year (as restated) 117,252 136,717 1,137,697
Current service cost 3,933 3,418 28,443
Interest cost 2,539 2,418 20,125
Actuarial gains and losses (1,467) 9,477 78,867
Benets paid (6,374) (6,986) (58,131)
Past service cost 30
Others 2,217 2,271 18,891
Balance at end of year ¥118,130 ¥147,315 $1,225,892
Notes to Consolidated Financial Statements