ANNUAL REPORT

23. EQUITY
23.1. Reconciliation of movement in equity
(in JPY millions)
Share
capital
Attributable to equity holders of the Company
Reserve for
Share Translation
treasury
premium reserve
shares
Fair value
reserve
Other
reserves
Retained
earnings
Minority
interest
Balance at April 1, 2007 88,491 91,334 3,263 - 2,113 24,011 (12,287) 196,925 64,177 261,102
Share-based payments - - - - - - 838 838 326 1,164
Purchase of treasury shares - - - (2,329) - - - (2,329) - (2,329)
Total recognized income and
expense
Total
Total
equity
- - (2,484) - 6,732 16 (33,221) (28,957) (28,893) (57,850)
Scope changes - - 312 - (5) 101 - 408 2,867 3,275
Dividends - - - - - - - - (256) (256)
Others - - - - - 13 - 13 107 120
Balance at March 31, 2008 88,491 91,334 1,091 (2,329) 8,840 24,141 (44,670) 166,898 38,328 205,226
Balance at April 1, 2008 88,491 91,334 1,091 (2,329) 8,840 24,141 (44,670) 166,898 38,328 205,226
Share-based payments - - - - - - 1,285 1,285 126 1,411
Purchase of treasury shares - - - (536) - - - (536) - (536)
Reclassifications - - - - - (1,319) 1,319 - - -
Total recognized income and
expense
- - (4,174) - (8,367) (652) (116,043) (129,236) (19,308) (148,544)
Scope changes - - 2,208 - (48) (251) - 1,909 (11,992) (10,083)
Dividends - - - - - - - - (8) (8)
Balance at March 31, 2009 88,491 91,334 (875) (2,865) 425 21,919 (158,109) 40,320 7,146 47,466
23.2. Share capital and share premium
At March 31, 2009, the share capital of RHJI amounted to EUR
664,424,086 and is represented by 85,545,547 shares without
nominal value. All shares are listed on Euronext Brussels, have
the same rights and par accounting value and are fully paid up.
Each share entitles the holder to one voting right.
The Board of Directors is expressly authorized, in the event of a
public takeover bid for the securities of RHJI, to increase RHJI’s
capital, in accordance with Article 607 of the Belgian Companies
Code. Such authority was granted for a period of five years
commencing April 26, 2005. If the Board of Directors decides to
increase the capital of RHJI pursuant to its authority under this
Article, such increase will be deducted from the remaining part
of the authorized capital, which amounted to EUR 663,955,470
(JPY 88,429 million) at March 31, 2009.
The Extraordinary Shareholders' meeting held on September 16,
2008, renewed the general share buy-back authorization for an
18 month period beginning on September 16, 2008 as well as the
share-buy back authorization for "serious and imminent harm"
circumstances, under which the Board of Directors is authorized
to purchase own shares for a period of three years from the date
of publication of an extract of the minutes of the Extraordinary
Shareholders' meeting.
Based on transparency declarations received by RHJI in
accordance with Belgian rules and RHJI’s Articles of
Association, five shareholders have notified RHJI of their
holdings (see Shareholders’ Information, p. 124).
23.3. Translation reserve
The translation reserve comprises all foreign currency exchange
differences arising from the translation of the financial
statements of foreign operations.
23.4. Reserve for treasury shares
The reserve for the Company's own shares comprises the cost of
the Company's shares held by RHJI. At March 31, 2009, RHJI
held 1,145,004 shares of its own shares compared to 1,323,513
shares as at March 31, 2008. During the fiscal year ended
March 31, 2009, RHJI purchased 627,247 of its treasury shares
and distributed 805,756 shares as a result of certain share
grants and the vesting of restricted stock units granted to
certain employees on October 1, 2007.
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