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67
Annual Report 2011
Solely for the convenience of the reader, the accompanying consolidated financial statements for the year ended March 31, 2011 have been pre-
sented in U.S. dollars by translating all yen amounts at ¥83.15 = U.S.$1.00, the exchange rate prevailing on March 31, 2011. This translation should
not be construed as a representation that yen have been, could have been, or could in the future be converted into U.S. dollars at the above or any
other rate.
Accumulated depreciation of property, plant and equipments at March 31, 2011 and 2010 amounted to ¥198,857 million ($2,391,545 thousand)
and ¥198,513 million, respectively.
Investment securities at March 31, 2011 and 2010 were as follows:
Millions of yen
Thousands of
U.S. dollars (Note 3)
2011 2010 2011
Investments in unconsolidated subsidiaries and affiliates ¥ 831 ¥ 1,984 $ 9,994
Other 74,646 78,059 897,727
Investment securities ¥75,477 ¥80,044 $907,721
The Company and its consolidated subsidiaries had the following contingent liabilities at March 31, 2011:
Millions of yen
Thousands of
U.S. dollars (Note 3)
Export bills discounted with banks ¥356 $4,281
Guarantees of indebtedness of others* 455 5,472
* The actual amount guaranteed by the Company is ¥36 million ($433 thousand), at March 31, 2011.
(b) Changes in methods of presentation
(1) Consolidated statements of operations
Accompanying the application of revisions in certain rules for the
presentation of financial statements, as contained in a cabinet order
(Cabinet Office Ordinance No.5, issued on March 24, 2009), which are
based on “Accounting Standard for Consolidated Financial Statements”
(ASBJ Statement No.22, issued by the ASBJ on December 26, 2008), the
Company has included the item “Income before minority interests” in
the accompanying consolidated financial statements.
(2) Consolidated statements of cash flows
In the year ended March 31, 2009, “proceeds from liquidation of sub-
sidiaries and affiliates” (which amounted to ¥183 million in that year)
was included in the “Other, net” item in the “Net cash provided by
(used in) investing activities” section of the Consolidated Statements
of Cash Flows. In the year ended March 31, 2010, this item has become
material and has, therefore, been presented as a separate item.
(c) Supplementary information
Accounting standard for presentation of comprehensive income
Effective the year ended March 31, 2011, the “Accounting Standard
for Presentation of Comprehensive Income (ASBJ Statement No.25,
issued by the ASBJ on June 30, 2010) was applied. In accordance with
the new standard, consolidated statement of comprehensive income
for the year ended March 31, 2010 is not presented. The comparative
information for the year ended March 31, 2010 is disclosed in Note 15.
3. U.S. Dollar Amounts
4. Accumulated Depreciation
5. Investment Securities
6. Contingent Liabilities