NSK - Investors/Financial information Annual Report 2005

As of March 31, 2006	Carrying value	Estimated fair value	Unrealized gain (loss)	Carrying value	Estimated fair value	Unrealized gain (loss)
Millions of yen				Thousands of U.S. dollars
Securities whose fair value exceeds their carrying value:
Government bonds	¥ -	¥ -	¥ -	$ -	$ -	$ -
Corporate bonds	3,499	3,510	10	29,906	30,000	85
Other debt securities	599	601	1	5,120	5,137	9
Subtotal	4,099	4,111	11	35,034	35,137	94
Securities whose carrying value exceeds their fair value:
Government bonds	-	-	-	-	-	-
Corporate bonds	4,780	4,541	(239)	40,855	38,812	(2,043)
Other debt securities	1,499	1,488	(11)	12,812	12,718	(94)
Subtotal	6,280	6,029	(251)	53,675	51,530	(2145)
Total	¥10,380	¥10,141	¥(231)	$88,718	$86,675	$(1,974)

As of March 31, 2006	Acquisition cost	Carrying value	Unrealized gain (loss)	Acquisition cost	Carrying value	Unrealized gain (loss)
Millions of yen				Thousands of U.S. dollars
Securities whose carrying value exceeds their acquisition cost:
Stock	¥18,288	¥94,538	¥76,249	$156,308	$808,017	$651,701
Bonds:
Government bonds	-	-	-	-	-	-
Corporate bonds	45	49	4	385	419	34
Other debt securities	-	-	-	-	-	-
Other	310	508	198	2,650	4,342	1,692
Subtotal	18,643	95,096	76,452	159,342	812,786	653,436
Securities whose acquisition cost exceeds their carrying value:
Stock	128	111	(16)	1,094	949	(137)
Bonds:
Government bonds	9	9	-	77	77	-
Corporate bonds	-	-	-	-	-	-
Other debt securities	1	1	-	9	9	-
Other	87	83	(3)	744	709	(26)
Subtotal	226	206	(20)	1,932	1,761	(171)
Total	¥18,870	¥95,302	¥76,432	$161,282	$814,547	$653,265

As of March 31, 2005	Acquisition cost	Carrying value	Unrealized gain (loss)
Millions of yen
Securities whose carrying value exceeds their acquisition cost:
Stock	¥16,907	¥51,655	¥34,748
Bonds:
Government bonds	-	-	-
Corporate bonds	58	59	0
Other debt securities	-	-	-
Other	251	287	35
Subtotal	17,218	52,002	34,784
Securities whose acquisition cost exceeds their carrying value:
Stock	1,643	1,391	(252)
Bonds:
Government bonds	19	19	-
Corporate bonds	75	74	(0)
Other debt securities	1	1	-
Other	146	144	(1)
Subtotal	1,886	1,631	(254)
Total	¥19,104	¥53,634	¥34,529

Acquisition cost in the tables above represents the book value after the devaluation of certain securities.

(c) Information regarding sales of securities classified as other securities for the years ended March 31, 2006 and 2005 is as follows:

As of March 31,	2006	2005	2006
Millions of yen			Thousands of U.S. dollars
Proceeds from sales	¥9,655	¥2,206	$82,521
Gains on sales	5,879	1,381	50,248
Losses on sales	25	80	214

(d) The redemption schedule for securities with maturity dates classified as held-to-maturity securities and other securities at March 31, 2006 and 2005 are summarized as follows:

As of March 31, 2006	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Millions of yen
Government bonds	¥ -	¥ 9	¥ -	¥ -
Corporate bonds	2,499	4,296	49	984
Other debt securities	1	2,099	-	-
Total	¥2,501	¥6,405	¥49	¥984

As of March 31, 2006	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Thousands of U.S. dollars
Government bonds	$ -	$ 77	$ -	$ -
Corporate bonds	21,359	36,718	419	8,410
Other debt securities	9	17,940	-	-
Total	$21,376	$54,744	$419	$8,410

As of March 31, 2005	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Millions of yen
Government bonds	¥ 10	¥ 10	¥ -	¥ -
Corporate bonds	89	-	545	-
Other debt securities	1	-	-	-
Total	¥100	¥10	¥545	¥ -


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Annual Report 2006