- Home
- Press Room
- Press Room 2010
- Notice Concerning Valuation Loss on Stock of Affiliated Companies and Investments in Affiliated Companies for the Fiscal Year Ended March 2010
Press Room
Notice Concerning Valuation Loss on Stock of Affiliated Companies and Investments in Affiliated Companies for the Fiscal Year Ended March 2010
2010-04-16
Toyota Tsusho Corporation will report a valuation loss on stock of affiliated companies and investments in affiliated companies as a result of asset impairment write-offs for the fiscal year ended March 31, 2010. The write-offs pertain to stock of affiliated companies and investment in affiliated companies for which market values have declined significantly and are not expected to recover. Details are provided below.
1. Valuation loss on stock of affiliated companies and investments in affiliated companies for the fiscal year ended March 2010
| Non-consolidated | |
| (A) Total valuation loss on stock of affiliated companies and investments in affiliated companies for the fourth quarter accounting period (from January 1, 2010 to March 31, 2010) of the fiscal year ended March 2010 (= (i)-(ii)) | 9,094 million yen |
| (i) Total valuation loss on stock of affiliated companies and investments in affiliated companies for the fiscal year ended March 2010 (from April 1, 2009 to March 31, 2010) | 10,514 million yen |
| (ii) Total cumulative valuation loss on stock of affiliated companies and investments in affiliated companies for the immediately preceding quarter (3rd quarter of the fiscal year ended March 2010) (from April 1, 2009 to December 31, 2009) | 1,420 million yen |
Note 1: For valuation of negotiable securities, the Company has adopted the reversal method (reversal of the closing entry amount booked at the end of the prior period).
Note 2 The Company's fiscal year-end is March 31.
Percentage of net assets, ordinary income and net income
| Non-consolidated | |
(B) Net assets at March 31, 2009 |
371,797 million yen |
| (A / B x 100) | 2.4% |
| ((i) / B x 100) | 2.8% |
| (C) Ordinary income for the FY ended March 31, 2009 | 40,546 million yen |
| (A / C x 100) | 22.4% |
| ((i) / C x 100) | 25.9% |
| (D) Net income for the FY ended March 31, 2009 | 14,264 million yen |
| (A / D x 100) | 63.8% |
| ((i) / D x 100) | 73.7% |
2. Outlook
The valuation loss reported for the fiscal year is related to the Company's investments in affiliated companies, and the effect on the Company's consolidated operating results for the fiscal year ended March 31,2010 is not material.
icon require "Adobe Reader".