Other Investments

12 Months Ended

Mar. 31, 2013

Other Investments

4. OTHER INVESTMENTS

The following table presents the cost, fair value, and gross unrealized holding gains and losses for securities by major security type:

(¥ in millions)
	2013								2012
At March 31:	Cost		Fair Value		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Cost		Fair Value		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses
Other investments:
Available-for-sale:
Equity securities of financial institutions	¥	24,111	¥	50,224	¥	26,113	¥	—	¥	23,656	¥	34,339	¥	10,685	¥	2
Other equity securities		14,741		67,717		52,976		—		14,775		58,060		43,293		8
	¥	38,852	¥	117,941	¥	79,089	¥	—	¥	38,431	¥	92,399	¥	53,978	¥	10

The following table presents the gross unrealized losses on, and related fair value of, the Company’s available-for-sale securities, aggregated by the length of time that individual investment securities have been in a continuous unrealized loss position:

(¥ in millions)
	2013								2012
	Less than 12 months				12 months or longer				Less than 12 months				12 months or longer
At March 31:	Fair Value		Gross Unrealized Holding Losses		Fair Value		Gross Unrealized Holding Losses		Fair Value		Gross Unrealized Holding Losses		Fair Value		Gross Unrealized Holding Losses
Other investments:
Available-for-sale:
Equity securities of financial institutions	¥	—	¥	—	¥	—	¥	—	¥	197	¥	2	¥	—	¥	—
Other equity securities		87		—		—		—		388		8		—		—
	¥	87	¥	—	¥	—	¥	—	¥	585	¥	10	¥	—	¥	—

For the years ended March 31, 2013, 2012, and 2011, valuation losses on other investments were recognized to reflect the decline in fair value considered to be other-than-temporary totaling ¥360 million, ¥2,570 million, and ¥1,758 million, respectively.

The following table presents proceeds from sales of available-for-sale securities and the gross realized gains and losses on these sales:

(¥ in millions)
For the years ended March 31:	2013		2012		2011
Proceeds from sales of available-for-sale securities	¥	—	¥	—	¥	6,188
Gross realized gains		—		—		4,843
Gross realized losses		—		—		—

Investments in nontraded and unaffiliated companies, for which there is no readily determinable fair value, were stated at cost of ¥8,738 million and ¥9,306 million at March 31, 2013 and 2012, respectively. Investments in nonmarketable equity securities for which there is no readily determinable fair value were accounted for using the cost method. Each investment in nonmarketable equity securities is reviewed annually for impairment or upon the occurrence of an event on change in circumstances that may have a significant adverse effect on the carrying value of the investment.