The investees accounted for by the equity method together with percentage of the company's ownership are Nippon Electric Glass Co., Ltd. (42.2%), ANRITSU CORPORATION (25.6%), Toyo Communication Equipment Co., Ltd. (39.0%), NITSUKO CORPORATION (34.3%), Nippon Electric Industry Co., Ltd. (47.9%), Tokin Corporation (41.0%), NEC Leasing, Ltd. (50.0%), Sumitomo 3M Limited (25.0%), Packard Bell Electronics, Inc. (19.9%) and seven other companies at March 31, 1996.
Summarized financial information on 50 percent or less owned companies accounted for by the equity method is as shown below:
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In thousands of
In millions of yen U.S. dollars
---------------------------- -------------
March 31 1995 1996 1996
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Current assets ..............................................Y 699,547 Y 885,983 $ 8,280,215
Other assets including property, plant and equipment ........ 837,503 934,821 8,736,645
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Total assets .............................................Y 1,537,050 Y 1,820,804 $17,016,860
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Current liabilities .........................................Y 601,126 Y 764,667 $ 7,146,420
Long-term liabilities ....................................... 518,747 616,695 5,763,505
Shareholders' equity ........................................ 417,177 439,442 4,106,935
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Total liabilities and shareholders' equity ...............Y 1,537,050 Y 1,820,804 $17,016,860
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In thousands of
In millions of yen U.S. dollars
-------------------------------------------- -------------
Year ended March 31 1994 1995 1996 1996
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Sales and operating revenue ................Y 1,042,256 Y 1,105,172 Y 1,342,154 $12,543,495
Net income ................................. 16,584 28,022 13,420 125,421
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Of the 16 companies at March 31, 1996 (15 companies at March 31, 1995) included on the equity basis, the stocks of six companies carried at equity of 101,672 million yen and 106,575 million yen ($996,028 thousand) at March 31, 1995 and 1996, respectively, were quoted on the market at an aggregate value of 228,816 million yen and 298,180 million yen ($2,786,729 thousand), respectively, at those dates.
The balances and transactions with affiliated companies accounted for by the equity method are shown below:
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In thousands of
In millions of yen U.S. dollars
---------------------------- -------------
March 31 1995 1996 1996
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Receivables, trade............................................ Y 46,020 Y 60,959 $ 569,710
Payables, trade .............................................. 37,078 60,897 569,131
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In thousands of
In millions of yen U.S. dollars
--------------------------------------------- -------------
Year ended March 31 1994 1995 1996 1996
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Sales ....................................... Y 195,951 Y 180,385 Y 212,777 $ 1,988,570
Purchases ................................... 109,889 110,783 116,441 1,088,234
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