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Non-Consolidated Semiannual Financial Report for fiscal 1997

MARKET VALUE OF MARKETABLE SECURITIES (Millions of yen)

(Millions of yen)

  Sep. 30, 1997 Sep. 30, 1996
Book value Market value Valuation Gain (Loss) Book value Market value Valuation Gain (Loss)
(1)Current assets
Stocks
Bonds
Other
¥24,860
7,537
6,905
¥40,214
7,618
6,840
¥15,353
81
(64)
¥22,999
11,535
9,891
¥55,838
11,677
9,909
¥32,839
141
17
Subtotal 39,302 54,673 15,370 44,426 77,425 32,998
(2) Fixed assets
Stocks
Bonds
Other
12,739
-
-
7,447
-
-
(5,292)
-
-
13,025
-
-
11,586
-
-
(1,438)
-
-
Subtotal 12,739 7,447 (5,292) 13,025 11,586 (1,438)
Total ¥52,042 ¥62,120 ¥10,078 ¥57,451 ¥89,011 ¥31,560
  Mar. 31, 1997
Book value Market value Valuation
Gain (Loss)
(1) Current assets
Stocks
Bonds
Other
Subtotal
¥24,883
10,535
8,905
44,323
¥40,843
10,669
8,842
60,355
¥15,960
134
(62)
16,032
(2) Fixed assets
Stocks
Bonds
Other
Subtotal
13,069
-
-
13,069
8,653
-
-
8,653
(4,416)
-
-
(4,416)
Total ¥57,393 ¥69,008 ¥11,615
Note 1: Market value calculation methods:
  1. 1Listed stocks: Closing prices on the Tokyo Stock Exchange.
  2. 2OTC stocks: Closing prices announced by the Japan Securities Dealers Association.
  3. 3Unlisted fund trusts: Standard price.
Note 2: Stocks listed under current assets include treasury stock.
Note 3: The following securities have been excluded from the above table:
  Sep-30-97 Sep-30-96 Mar-31-97
(Current assets)
Unlisted foreign bonds
Unlisted bonds with maturity within one year
Money management fund
Fund trusts during which cancellation are not allowed
¥32,493
-
12,217
11,895
¥30,993
2,000
15,361
11,857
¥33,493
1,000
10,684
14,377
(Fixed assets)
Unlisted stocks,except OTC traded stocks
¥30,017 ¥19,018 ¥23,405

2) DERIVATIVE FINANCIAL INSTRUMENTS

Currency swaps and interest rate swaps not traded in market.
The nature and fair values of the derivative financial instruments are as follows.

(Millions of yen)

  Sep-30-97 Sep-30-96 Mar-31-97
Receive in yen/Pay in U.S. Dollars
Receive variable rate/Pay variable rate
-
-
¥1,000
1,000
¥1,000
1,000