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.
