Trust Recovery Growth Vitalization - Marubeni

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Notes to Consolidated Financial Statements The future minimum rentals to be received under noncancelable subleases corresponding to the above future minimum rental payments were not significant at March 31, 2005. For the year ended March 31, 2003, the Company sold to a third party the buildings and property of Osaka headquarters and Nagoya branch for ¥12,500 million and ¥2,900 million, respectively, and leased back these facilities. The lease terms are 10 years and 2 years, respectively. The Company does not have continuing involvement under the sale-leaseback transactions. The Company had commitments to make additional investments or loans in aggregate amounts of approximately ¥53,000 million ($495,327 thousand) and ¥4,000 million at March 31, 2005 and 2004, respectively. The Company guarantees debt of affiliated companies and third parties in the ordinary course of business. Should the guaranteed parties fail to make payments, the Company would be required to make such payments under these guarantees. The term of the guarantees is basically one year. The related guarantee fees are primarily received quarterly or semi-annually. Certain of these 19 Subsequent Events guarantees were secured by secondary guarantees issued to the Company by other parties. The outstanding balance of guarantees, which approximated the maximum potential payment under these guarantees, was ¥96,806 million ($904,729 thousand), including ¥42,183 million ($394,234 thousand) to affiliated companies, at March 31, 2005, net of the amount secured by secondary guarantees issued to the Company by other parties of ¥17,246 million ($161,178 thousand). The comparable amounts at March 31, 2004 were ¥180,230 million, ¥110,557 million and ¥19,507 million, respectively. The Company, its subsidiaries and affiliated companies conduct business activities on a global scale and are involved in transactions which are subject to review and jurisdiction by a wide range of authorities, both in Japan and abroad. Such business activities are not without risk and, from time to time, may involve legal actions, claims or other disputes. Although there are various matters pending at any one time, management is of the opinion that settlement of all such matters pending at March 31, 2005 would not have a material effect on the consolidated financial position or results of operations of the Companies. At the June 24, 2005 annual meeting, the shareholders approved the payments of cash dividends of ¥4 ($0.04) per share of common stock or ¥5,973 million ($55,822 thousand) in aggregate and of ¥20 ($0.19) per share of Class I preferred stock issued in 2003 or ¥1,510 million ($14,112 thousand) in aggregate.
Report of Independent Auditors <strong>Marubeni</strong> Corporation 2005 98 / 99
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Trust Recovery Growth Vitalization
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Strength in Accomplishment Marubeni
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To Our Stakeholders In the two year
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Interview with the President and CE
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Corporate Social Responsibility Gui
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Corporate Governance The Marubeni G
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Risk Management As emphasized in th
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Our Commitment to Sustainable Growt
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At a Glance Segment Agri-Marine Pro
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At a Glance Segment Transportation
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Strategy by Business Segment Strate
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Strategy by Business Segment Textil
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Strategy by Business Segment Forest
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Strategy by Business Segment Chemic
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Strategy by Business Segment Energy
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Strategy by Business Segment Metals
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Strategy by Business Segment Transp
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Strategy by Business Segment Indust
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Strategy by Business Segment Plant,
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Strategy by Business Segment Develo
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Strategy by Business Segment Financ
Page 50 and 51: Strategy by Business Segmentlance I
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Page 57 and 58: Financial Section 56 Eleven-Year Su
Page 59 and 60: Millions of Yen Marubeni Corporatio
Page 61 and 62: ¥162.5 billion, followed by operat
Page 63 and 64: agreement was reached for the acqui
Page 65 and 66: (2) Liquidity Marubeni and its cons
Page 67 and 68: e. Concentrated risk exposure As pa
Page 69 and 70: ealized gains and losses and devalu
Page 71 and 72: and CSR activities, in parallel wit
Page 73 and 74: Marubeni Corporation 2005 70 / 71 M
Page 75 and 76: Consolidated Statements of Changes
Page 77 and 78: Notes to Consolidated Financial Sta
Page 79 and 80: Asset retirement obligations Effect
Page 81 and 82: Held-to-maturity securities Million
Page 83 and 84: 6 Long-Lived Assets The gross carry
Page 85 and 86: The obligations secured by such col
Page 87 and 88: 9 Employees’ Retirement Benefits
Page 89 and 90: The weighted-average asset allocati
Page 91 and 92: 12 Preferred Stock The Company is a
Page 93 and 94: Marubeni Corporation 2005 90 / 91 T
Page 95 and 96: Millions of yen Marubeni Corporatio
Page 97 and 98: 16 Financial Instruments Risk manag
Page 99: Marubeni Corporation 2005 96 / 97 T
Page 103 and 104: Asia Bangkok Calcutta Chittagong Co
Page 105 and 106: Marubeni Corporation 2005 102 / 103
Page 107 and 108: • Consolidated subsidiary Maruben
Page 109 and 110: Marubeni Corporation 2005 106 / 107
Page 111 and 112: Directors, Corporate Auditors and C
Page 114: http://www.marubeni.com This report
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