Trust Recovery Growth Vitalization - Marubeni

Marubeni Corporation 2005 96 / 97
The Company and certain of its subsidiaries also lease power stations, containers, office buildings and certain other assets under operating
leases. The cost and accumulated depreciation of the leased property at March 31, 2005 and 2004 are shown on the accompanying consolidated
balance sheets. At March 31, 2005, the future minimum rentals to be received on non-cancelable operating leases were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2006 ..................................................................................................................................................... ¥ 32,009 $ 299,150
2007 ..................................................................................................................................................... 27,857 260,346
2008 ..................................................................................................................................................... 25,120 234,766
2009 ..................................................................................................................................................... 22,687 212,028
2010 ..................................................................................................................................................... 19,396 181,271
Thereafter ............................................................................................................................................ 125,561 1,173,467
Total ..................................................................................................................................................... ¥252,630 $2,361,028
Lessee:
The Company and certain of its subsidiaries lease containers, office equipment and certain other assets, some of which are classified as capital
leases. At March 31, 2005, the cost and accumulated depreciation of the leased property, included primarily in Property, plant and equipment in
the accompanying consolidated balance sheets, are ¥36,304 million ($339,290 thousand) and ¥15,586 million ($145,664 thousand), respectively.
The total future minimum lease payments under capital leases by year together with the capital lease obligations at March 31, 2005 are
as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2006 ..................................................................................................................................................... ¥ 7,966 $ 74,449
2007 ..................................................................................................................................................... 6,838 63,907
2008 ..................................................................................................................................................... 2,683 25,075
2009 ..................................................................................................................................................... 1,698 15,869
2010 ..................................................................................................................................................... 621 5,804
Thereafter ............................................................................................................................................ 360 3,363
Total minimum lease payments ....................................................................................................... 20,166 188,467
Less amount representing interest ...................................................................................................... (1,523) (14,233)
Capital lease obligation ........................................................................................................................ ¥18,643 $174,234
The Company and certain of its subsidiaries also lease containers, communication facility, vessels and certain other assets under operating
leases. Rental expense amounted to ¥17,855 million ($166,869 thousand), ¥19,448 million and ¥17,269 million for the years ended March 31,
2005, 2004 and 2003, respectively.
At March 31, 2005, the future minimum rental payments under non-cancelable operating leases were as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2006 ..................................................................................................................................................... ¥12,044 $112,561
2007 ..................................................................................................................................................... 9,478 88,579
2008 ..................................................................................................................................................... 8,966 83,794
2009 ..................................................................................................................................................... 7,924 74,056
2010 ..................................................................................................................................................... 5,588 52,224
Thereafter ............................................................................................................................................ 21,465 200,608
Total ..................................................................................................................................................... ¥65,465 $611,822