Annual Report 2007

The translation of yen amounts into U.S. dollar amounts is included solely for convenience and has been made, as a matter of arithmetic computation only, at the rate of ¥118 = U.S.$1.00, the approximate rate of exchange in effect on March 31, 2007. The translation should not be construed as a representation that yen have been, could have been, or could in the future be, converted into U.S. dollars at that or any other rate.

Millions of yen				Thousands of U.S. dollars
As of March 31, 2007	Carrying value	Estimated fair value	Unrealized gain (loss)	Carrying value	Estimated fair value	Unrealized gain (loss)
Securities whose fair value    exceeds their carrying value:
Government bonds	¥       -	¥       -	¥       -	$        -	$        -	$         -
Corporate bonds	1,801	1,807	5	15,263	15,314	42
Other debt securities	599	600	0	5,076	5,085	0
Subtotal	2,401	2,407	5	20,347	20,398	42
Securities whose carrying    value exceeds their fair value:
Government bonds	-	-	-	-	-	-
Corporate bonds	5,383	5,236	(146)	45,619	44,373	(1,237)
Other debt securities	1,499	1,494	(5)	12,703	12,661	(42)
Subtotal	6,883	6,731	(151)	58,331	57,042	(1,280)
Total	¥9,285	¥9,139	¥(145)	$78,686	$77,449	$(1,229)

Millions of yen
As of March 31, 2006	Carrying value	Estimated fair value	Unrealized gain (loss)
Securities whose fair value    exceeds their carrying value:
Government bonds	¥        -	¥        -	¥      -
Corporate bonds	3,499	3,510	10
Other debt securities	599	601	1
Subtotal	4,099	4,111	11
Securities whose carrying    value exceeds their fair value:
Government bonds	-	-	-
Corporate bonds	4,780	4,541	(239)
Other debt securities	1,499	1,488	(11)
Subtotal	6,280	6,029	(251)
Total	¥10,380	¥10,141	¥(239)

Millions of yen				Thousands of U.S. dollars
As of March 31, 2007	Acquisition cost	Carrying value	Unrealized gain (loss)	Acquisition cost	Carrying value	Unrealized gain (loss)
Securities whose carrying value    exceeds their acquisition cost:
Stock	¥17,620	¥83,394	¥65,773	$149,322	$706,729	$557,398
Bonds:
Government bonds	-	-	-	-	-	-
Corporate bonds	45	52	7	381	441	59
Other debt securities	-	-	-	-	-	-
Other	310	458	148	2,627	3,881	1,254
Subtotal	17,975	83,905	65,929	152,331	711,059	558,720
Securities whose acquisition cost    exceeds their carrying value:
Stock	814	603	(211)	6,898	5,110	(1,788)
Bonds:
Government bonds	9	9	-	76	76	-
Corporate bonds	-	-	-	-	-	-
Other debt securities	1	1	-	8	8	-
Other	85	80	(4)	720	678	(34)
Subtotal	910	695	(215)	7,712	5,890	(1,822)
Total	¥18,886	¥84,600	¥65,713	$160,051	$716,949	$556,890

Millions of yen
As of March 31, 2006	Acquisition cost	Carrying value	Unrealized gain (loss)
Securities whose carrying value    exceeds their acquisition cost:
Stock	¥18,288	¥94,538	¥76,249
Bonds:
Government bonds	-	-	-
Corporate bonds	45	49	4
Other debt securities	-	-	-
Other	310	508	198
Subtotal	18,643	95,096	76,452
Securities whose acquisition cost    exceeds their carrying value:
Stock	128	111	(16)
Bonds:
Government bonds	9	9	-
Corporate bonds	-	-	-
Other debt securities	1	1	-
Other	87	83	(3)
Subtotal	226	206	(20)
Total	¥18,870	¥95,302	¥76,432

Millions of yen			Thousands of U.S. dollars
Year ended March 31,	2007	2006	2007
Proceeds from sales	¥45	¥9,655	$381
Gains on sales	31	5,879	263
Losses on sales	-	25	-

Millions of yen
As of March 31, 2007	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Government bonds	¥       -	¥    10	¥-	¥       -
Corporate bonds	1,800	4,145	-	1,300
Other debt securities	1,100	1,000	-	-
Total	¥2,900	¥5,155	¥-	¥1,300
Thousands of U.S. dollars
As of March 31, 2007	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Government bonds	$        -	$      85	$-	$        -
Corporate bonds	15,254	35,127	-	11,017
Other debt securities	9,322	8,475	-	-
Total	$24,576	$43,686	$-	$11,017
Millions of yen
As of March 31, 2007	Due in one year or less	Due after one year through five years	Due after five years through ten years	Due after ten years
Government bonds	¥      -	¥      9	¥  -	¥    -
Corporate bonds	2,499	4,296	49	984
Other debt securities	1	2,099	-	-
Total	¥2,501	¥6,405	¥49	¥984