97
Dollars in millions
Yen in millions
(Note 3)
2003
2004
2004
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥ 124,360
¥ 91,260
$ 878
Current portion of long-term debt (Notes 8, 11 and 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34,385
383,757
3,690
Notes and accounts payable, trade (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
697,385
778,773
7,488
Accounts payable, other and accrued expenses (Notes 5 and 14) . . . . . . . . . . . . . . . . . . . . .
864,188
812,175
7,809
Accrued income and other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
109,199
57,913
557
Deposits from customers in the banking business (Note 12) . . . . . . . . . . . . . . . . . . . . . . . . .
248,721
378,851
3,643
Other (Notes 20 and 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
356,810
479,486
4,610
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,435,048
2,982,215
28,675
Long-term liabilities:
Long-term debt (Notes 8, 11 and 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
807,439
777,649
7,477
Accrued pension and severance costs (Note 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
496,174
368,382
3,542
Deferred income taxes (Note 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
159,079
96,193
925
Future insurance policy benefits and other (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,914,410
2,178,626
20,948
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
255,478
286,737
2,758
3,632,580
3,707,587
35,650
Minority interest in consolidated subsidiaries
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22,022
22,858
220
Stockholders’ equity
(Note 15)
:
Subsidiary tracking stock, no par value—
Authorized 100,000,000 shares, outstanding 3,072,000 shares . . . . . . . . . . . . . . . . . . . .
3,917
3,917
38
Common stock, no par value—
2003—Authorized 3,500,000,000 shares, outstanding 922,385,176 shares . . . . . . . . . . .
472,361
2004—Authorized 3,500,000,000 shares, outstanding 926,418,280 shares . . . . . . . . . . .
476,350
4,580
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
984,196
992,817
9,546
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,301,740
1,367,060
13,145
Accumulated other comprehensive income—
Unrealized gains on securities (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17,658
69,950
672
Unrealized losses on derivative instruments (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4,793)
(600)
(6)
Minimum pension liability adjustment (Note 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(182,676)
(89,261)
(858)
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(302,167)
(430,048)
(4,135)
(471,978)
(449,959)
(4,327)
Treasury stock, at cost (2003 – 1,573,396 shares, 2004 – 2,468,258 shares) . . . . . . . . . . . .
(9,341)
(12,183)
(117)
2,280,895
2,378,002
22,865
Commitments and contingent liabilities
(Notes 8 and 23)
¥8,370,545
¥9,090,662
$87,410
The accompanying notes are an integral part of these statements.
* U.S. dollar amounts have been translated from yen, for convenience only, at the rate of ¥104=U.S.$1, the approximate Tokyo foreign exchange market rate as of March 31, 2004.
