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Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2008
6. INVENTORIES
Inventories consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Finished products ¥306,601 ¥319,982 $3,066,010
Work in process:
Long-term contracts 94,251 94,121 942,510
Other 274,739 243,588 2,747,390
Raw materials 175,861 143,822 1,758,610
¥851,452 ¥801,513 $8,514,520
7. INVESTMENTS IN AND ADVANCES TO AFFILIATES
The Company’s significant investments in affiliated companies accounted for by the equity method together with the per-
centage of the Company’s ownership of voting shares at March 31, 2008 were: Topcon Corporation (35.5%); Toshiba
Machine Co., Ltd. (21.4%); Toshiba Finance Corporation (“TFC”) (35.0%); Toshiba Mitsubishi-Electric Industrial Systems
Corporation (50.0%); and Semp Toshiba Amazonas S.A. (40.0%).
Of the affiliates which were accounted for by the equity method, the investments in common stock of the listed companies
were carried at ¥48,596 million ($485,960 thousand) and ¥50,576 million at March 31, 2008 (5 companies) and 2007 (4 com-
panies), respectively. The Company’s investments in these companies had market values of ¥60,357 million ($603,570 thou-
sand) and ¥141,378 million at March 31, 2008 and 2007, respectively, based on quoted market prices at those dates.
Summarized financial information of the affiliates accounted for by the equity method is shown below:
Thousands of
Millions of yen U.S. dollars
March 31 2008 2007 2008
Current assets ¥1,288,502 ¥1,266,067 $12,885,020
Other assets including property, plant and equipment 1,077,066 953,224 10,770,660
Total assets ¥2,365,568 ¥2,219,291 $23,655,680
Current liabilities ¥1,181,753 ¥1,158,622 $11,817,530
Long-term liabilities 575,440 466,049 5,754,400
Shareholders’ equity 608,375 594,620 6,083,750
Total liabilities and shareholders’ equity ¥2,365,568 ¥2,219,291 $23,655,680
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2008 2007 2008
Sales ¥2,220,466 ¥1,783,737 $22,204,660
Net income 71,407 29,503 714,070
A summary of transactions and balances with the affiliates accounted for by the equity method is presented below:
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2008 2007 2008
Sales ¥190,154 ¥154,836 $1,901,540
Purchases 184,823 131,066 1,848,230
Dividends 13,977 18,036 139,770