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Investments In And Loan Receivables From Affiliated Companies
12 Months Ended
Mar. 31, 2012
Investments In And Loan Receivables From Affiliated Companies

3. INVESTMENTS IN AND LOAN RECEIVABLES FROM AFFILIATED COMPANIES

Investments in and loan receivables from affiliated companies in which the Company has the ability to exercise significant influence over their operating and financial policies are comprised of the following:

 

(¥ in millions)

             

At March 31:

   2012      2011  

Loan receivables—current

   ¥ 5,919       ¥ —     

Loan receivables—noncurrent

     370         234   

Investments

     17,601         16,335   
  

 

 

    

 

 

 
   ¥ 23,890       ¥ 16,569   
  

 

 

    

 

 

 

The amounts of loan receivables-current are recorded in other current assets on the consolidated balance sheets. The amounts of loan receivables-noncurrent and investments are recorded in investments in and loan receivables from affiliated companies on the consolidated balance sheets.

The following table presents a summary of financial information of affiliated companies:

 

(¥ in millions)

             

At March 31:

   2012      2011  

Current assets

   ¥ 60,059       ¥ 54,358   

Noncurrent assets

     56,293         59,853   

Total assets

     116,352         114,211   

Current liabilities

     60,623         59,068   

Long-term liabilities

     15,143         16,083   
  

 

 

    

 

 

 

Net assets

   ¥ 40,586       ¥ 39,060   
  

 

 

    

 

 

 

 

(¥ in millions)

                    

For the years ended March 31:

   2012      2011      2010  

Revenues

   ¥ 231,133       ¥ 222,694       ¥ 210,492   

Cost of revenues

     167,905         162,836         155,350   

Net income

     3,038         1,442         873   

Trade notes and accounts receivable from affiliated companies at March 31, 2012 and 2011 were ¥22,742 million and ¥21,885 million, respectively.

Revenues from affiliated companies aggregated ¥64,868 million, ¥63,886 million and ¥65,246 million for the years ended March 31, 2012, 2011, and 2010, respectively.

Cash dividends received from affiliated companies were ¥71 million, ¥69 million and ¥72 million for the years ended March 31, 2012, 2011, and 2010, respectively.

Retained earnings include net undistributed earnings of affiliated companies in the amount of ¥12,070 million and ¥11,361 million at March 31, 2012 and 2011, respectively.