The investees accounted for on an equity basis together with percentage of the company's ownership are Nippon Electric Glass Co., Ltd. (42%), ANRITSU CORPORATION (26%), Toyo Communication Equipment Co., Ltd. (39%), NITSUKO CORPORATION (34%), Nippon Electric Industry Co., Ltd. (35%), Tokin Corporation (41%), NEC Leasing, Ltd. (50%), Sumitomo 3M Limited (25%) and seven other companies at March 31, 1995 (five other companies at March 31, 1994).
Summarized financial information on 20 percent to 50 percent owned companies accounted for on an equity basis is as shown below:
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In thousands of
In millions of yen U.S. dollars
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March 31 1994 1995 1995
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Current assets ..............................................Y 664,013 Y 699,547 $ 8,040,770
Other assets including property, plant and equipment ........ 793,331 837,503 9,626,471
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Total assets .............................................Y 1,457,344 Y 1,537,050 $17,667,241
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Current liabilities .........................................Y 628,757 Y 601,126 $ 6,909,494
Long-term liabilities ....................................... 423,132 518,747 5,962,609
Shareholders' equity ........................................ 405,455 417,177 4,795,138
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Total liabilities and shareholders' equity ...............Y 1,457,344 Y 1,537,050 $17,667,241
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In thousands of
In millions of yen U.S. dollars
---------------------------- -------------
Year ended March 31 1993 1994 1995 1995
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Sales and operating revenue ................Y 1,101,722 Y 1,042,256 Y 1,105,172 $12,703,126
Net income ................................. 12,589 16,584 28,022 322,092
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Of the 15 companies at March 31, 1995 (13 companies at March 31, 1994) included on the equity basis, the stocks of six companies carried at equity of 98,918 million yen and 101,672 million yen ($1,168,644 thousand) at March 31, 1994 and 1995, respectively, were quoted on the market at an aggregate value of 291,463 million yen and 228,816 million yen ($2,630,069 thousand), respectively, at those dates.
Not included on an equity basis is a significant investment, included in investments and advances --- other, exceeding 20 percent of the outstanding common stock of Japan Electronic Computer Company, Limited, in which, in the opinion of management, the ability to exercise significant influence does not exist as its representation on the board of directors is far less than its percentage of stock.
