Omron 2005 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2005 Omron annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

56
Due after one year through five years.........................
Millions of yen Thousands of U.S. dollars
2005 2005
2004
Fair ValueCostFair ValueCost
$ 12,159
Fair Value
$ 9,944
Cost
¥ 1,301 ¥ 1,064 ¥ 62 ¥ 62
Maturities of debt securities as available-for-sale at March 31 were as follows:
Gross unrealized holding losses and fair value of certain available-for-sale, equity securities, aggregated by length of time that such secu-
rities have been in a continuous unrealized loss position at March 31 were as follows:
Available-for-sale securities:
Equity securities.......................................................
Millions of yen
Less than 12 months
Thousands of U.S. dollars
2005 2005
2004
Gross
Unrealized
Holding
losses
Fair
Value
Gross
Unrealized
Holding
losses
Fair
Value
$ (3,561)
Gross
Unrealized
Holding
losses
$ 34,308
Fair
Value
¥ (381)¥ 3,671 ¥ (81)¥ 404
There were no securities which have been in a continuous unreal-
ized loss position over 12 months at March 31, 2005.
Aggregate cost of non-marketable equity securities accounted
for under the cost method totaled ¥4,660 million ($43,551 thou-
sand) and ¥4,486 million at March 31, 2005 and 2004, respective-
ly. Investments with an aggregate cost of ¥4,593 million ($42,925
thousand) were not evaluated for impairment because (a) the
Companies did not estimate the fair value of those investments
as it was not practicable to estimate the fair value of the invest-
ment and (b) the Companies did not identify any events or
changes in circumstances that might have had significant
adverse effect on the fair value of those investments.
Losses on impairment of available-for-sale securities recog-
nized to reflect the decline in market value considered to be other
than temporary were ¥22 million ($206 thousand), ¥847 million
and ¥1,194 million for the years ended March 31, 2005, 2004 and
2003, respectively.
Net unrealized holding gains (losses) on available-for-sale secu-
rities, net of related taxes, increased by ¥822 million ($7,682 thou-
sand) and by ¥11,803 million for the years ended March 31, 2005
and 2004, respectively.
Proceeds from sales of available-for-sale securities were ¥1,638
million ($15,308 thousand), ¥1,833 million and ¥1,240 million for the
years ended March 31, 2005, 2004 and 2003, respectively. Gross
realized gains on sales were ¥788 million ($7,364 thousand), ¥1,120
million and ¥78 million for the years ended March 31, 2005, 2004
and 2003, respectively.
Gross realized losses on sales were ¥0 million ($0 thousand),
¥82 million and ¥1,218 million for the years ended March 31,
2005, 2004 and 2003, respectively.
The Company entered into a joint venture agreement with
Hitachi, Ltd. on May 11, 2004. In accordance with the agreement,
the Company transferred Automated Teller Machines and other
information equipment businesses to the joint venture called
Hitachi-Omron Terminal Solutions Corp. (“HOTS”) and was given
a 45% interest in exchange for the transferred assets and liabili-
ties on October 1, 2004. Total assets and net assets transferred
to HOTS as of October 1, 2004 were ¥22,443 million ($209,748
thousand) and ¥16,270 million ($152,056 thousand), respectively.