ANNUAL REPORT

The calculations of the value in use have been based on judgments, estimates and assumptions. The calculations are particularly
sensitive to above the growth rate and WACC used. Any change in interest rates, risk premiums, long-term growth rates and actual
operating performance, could have a material adverse impact on the concluded recoverable amounts.
A decrease of the growth rate by 1% and an increase of the discount rate by 1% would result in the following additional impairment
charges:
(in JPY millions)
Goodwill
Intangible assets other
than goodwill
Total
Growth
rate
WACC
Growth
rate
WACC
Growth
rate
Asahi Tec - - - - - -
CME 60 119 109 107 169 226
HIT 6,664 6,789 123 660 6,787 7,449
Metaldyne 443 943 207 543 649 1,486
Niles 953 1,811 - - 953 1,811
Total 8,120 9,662 439 1,310 8,558 10,972
WACC
17. INVESTMENTS IN EQUITY ACCOUNTED INVESTEES
17.1. Financial informations
RHJI, through its wholly owned subsidiary RHJ Shaklee Holding S.A., holds a 42.5% equity investment in Shaklee, a provider of
premium quality and natural nutrition, personal care, household and air and water treatment products. Shaklee is listed on the
Jasdaq Securities Exchange, Inc. under the ticker 8205. During the fiscal year ended March 31, 2009, RHJI acquired 457,000 additional
existing shares of Shaklee for an aggregate consideration of JPY 276 million, increasing its total ownership from 40.7%.
RHJI holds a 20.0% ownership interest in U-shin, a Japanese manufacturer of electromechanical components for automobiles. U-shin
is listed on the Tokyo Stock Exchange, Inc. under the ticker 6985.T. As U-shin’s fiscal year ends on November 30, the Company used
financial information for the twelve months ended February 28, 2009 and 2008, compiled from publicly disclosed quarterly financial
information, for purposes of preparing the Company’s consolidated financial statements as of and for the fiscal year ended March 31,
2009 and 2008.
RHJI holds 49.9% ownership interest in SigmaXYZ, a Japanese ICT consulting venture with Mitsubishi Corporation.
The summary financial information (100%) is as follows:
(in JPY millions) Shaklee SigmaXYZ U-shin
March 31,
2009
March 31,
2008
March 31,
2009
March 31,
2008
February 28,
2009
February 28,
2008
Assets
Non-current 19,725 21,325 1,015 - 24,712 30,819
Current 11,725 11,163 374 - 43,614 44,517
Equity and liabilities
Equity 4,139 5,229 417 - 30,653 33,854
Non-current liabilities 19,360 20,258 193 - 13,907 12,976
Current liabilities 7,951 7,001 779 - 23,766 28,506
Revenue 24,685 27,322 1,152 - 70,772 77,963
Profit (loss) for the year 1,705 1,441 (1,529) - (282) 339
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