The statements are subject to year-end adjustments and audit. In thousands of
In millions of yen U.S. dollars
-------------------------- -----------------------
ASSETS 1996 1997 1997
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Current assets:
Cash and cash equivalents ............................... Y 337,758 Y 373,305 $ 3,085,165
Time deposits ........................................... 407 340 2,810
Marketable securities ................................... 100,498 96,975 801,446
Notes and accounts receivable, trade .................... 926,192 990,414 8,185,240
Allowance for doubtful notes and accounts ............... (23,451) (20,441) (168,934)
Inventories ............................................. 1,053,818 971,105 8,025,661
Income tax prepayments .................................. 22,183 29,534 244,083
Prepaid expenses and other current assets ............... 80,742 131,271 1,084,884
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Total current assets ............................ 2,498,147 2,572,503 21,260,355
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Long-term receivables and investments:
Marketable securities .................................. 130,070 165,059 1,364,124
Investments and advances-
Affiliated companies ................................. 220,465 220,465 1,822,025
Other ................................................ 144,377 159,559 1,318,669
Long-term receivables, trade ........................... 27,774 43,288 357,752
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522,686 588,371 4,862,570
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Property, plant and equipment:
Land ................................................... 101,637 106,495 880,124
Buildings .............................................. 828,932 896,636 7,410,215
Machinery and equipment ................................ 2,154,602 2,349,330 19,415,951
Construction in progress ............................... 94,070 101,626 839,884
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3,179,241 3,454,087 28,546,174
Accumulated depreciation ............................... (1,903,434) (2,078,149) (17,174,785)
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1,275,807 1,375,938 11,371,389
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Other assets:
Income tax prepayments ................................. 80,576 68,860 569,091
Other .................................................. 176,837 207,855 1,717,810
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257,413 276,715 2,286,901
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Y4,554,053 Y4,813,527 $ 39,781,215
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In thousands of
In millions of yen U.S. dollars
-------------------------- -----------------------
LIABILITIES AND SHAREHOLDERS' EQUITY 1996 1997 1997
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Current liabilities:
Short-term borrowings ................................... Y 687,374 Y 700,729 $ 5,791,149
Current portion of long-term debt ....................... 154,367 210,942 1,743,322
Notes and accounts payable, trade ....................... 932,909 916,681 7,575,876
Employees' savings deposits ............................. 8,578 844 6,975
Accrued taxes on income ................................. 30,198 14,711 121,579
Other current liabilities ............................... 407,656 448,824 3,709,289
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Total current liabilities ....................... 2,221,082 2,292,731 18,948,190
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Long-term liabilities:
Long-term debt .......................................... 1,059,736 1,042,186 8,613,107
Accrued pension and severance costs ..................... 174,957 216,675 1,790,703
Other accruals .......................................... 134,167 146,971 1,214,636
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1,368,860 1,405,832 11,618,446
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Minority shareholders' equity
in consolidated subsidiaries
............................ 53,473 67,608 558,744
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Shareholders' equity:
Common stock, Y50 par value -
Authorized - 3,200,000,000 shares
Issued 1996 - 1,546,199,815 shares .................. 191,605 - -
1997 - 1,597,023,999 shares .................. - 215,533 1,781,264
Additional paid-in capital .............................. 300,685 330,435 2,730,868
Legal reserve ........................................... 30,731 32,828 271,306
Retained earnings ....................................... 404,699 481,701 3,981,000
Cumulative translation adjustments ...................... (17,072) (13,133) (108,537)
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910,648 1,047,364 8,655,901
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Treasury stock, at cost -
1996 - 8,318 shares ................................. (10) - -
1997 - 4,985 shares ................................. - (8) (66)
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910,638 1,047,356 8,655,835
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Y4,554,053 Y4,813,527 $ 39,781,215
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Note: Statement of Financial Accounting Standards (SFAS) No. 115, "Accounting for Certain Investments in Debt and Equity Securities," has not been adopted by the Company. If SFAS No. 115 had been implemented, shareholders' equity as of September 30, 1997, would have increased Y101,709 million ($840,570 thousand).
