Notice of Impairment of Affiliated Company Shares in the Fiscal Year ended March 2008
2008-04-08
Market value fell noticeably in comparison to the book value of affiliated company shares held by Toyota Tsusho Corporation (hereinafter,"the Company") and the Company's investments in affiliated companies. Thus, it has become necessary to appropriate the valuation losses of the Company's holding companies and affiliated company investments through impairment accounting.
1. Total Valuation Losses for Holding Companies/Affiliated Company Investments in the Fiscal Year ended March 2008
(A) Total valuation losses for holding companies/affiliated company investments in the fiscal year ended March 2008
22,672 million yen
(B) Total net asset value for the fiscal year ended March 2007(A/B?100)
458,447 million yen (4.9%)
(C) Ordinary income for the fiscal year ended March 2007(A/C?100)
38,918 million yen (58.3%)
(D) Net income for the fiscal year ended March 2007(A/D?100)
33,500 million yen (67.7%)
(Note) The Company's accounting period ends on March 31st.
2. Future Outlook
The above valuation losses are related to investments in affiliated companies and are appropriated in the Company's unconsolidated accounting. However, they will be erased when incorporated into the consolidated financial statement and have little effect on the Company's consolidated results for the fiscal year ended March 2008.
press release (original)(58KB)
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