Annual Report 2012

The Company’s secured payables are as follows:2011(As of March 31, 2011)(Millions of yen)2012(As of March 31, 2012)(Millions of yen)2012(As of March 31, 2012)(Thousands of U.S. dollars)Accounts payable—trade 3,162 4,745 57,743Long-term loans payable 2,255 1,449 17,641Short-term loans payable andothers1,869 829 10,093Total 7,287 7,025 85,477*(2) Acquisition cost of the assets acquired as substitute for the assets transferred due to expropriation are stated at the book values ofsuch transferred assets, where the difference between the acquisition cost and book values (provision for cost reduction) are asfollows:2011(As of March 31, 2011)(Millions of yen)2012(As of March 31, 2012)(Millions of yen)2012(As of March 31, 2012)(Thousands of U.S. dollars)Buildings 132 1,038 12,637Machinery and equipment 137 215 2,616Vehicles 10 43 529Land 186 85 1,039Structures and others 179 3 39Total 646 1,386 16,863*(3) Investments in unconsolidated subsidiaries and affiliates are as follows:2011(As of March 31, 2011)(Millions of yen)Equity securities (included ininvestment securities)Investments in capital orpartnerships (included in Otherunder investments and otherassets)2012(As of March 31, 2012)(Millions of yen)2012(As of March 31, 2012)(Thousands of U.S. dollars)9,929 9,788 119,0971,760 1,899 23,115(4) Notes discounted with banks2011(As of March 31, 2011)(Millions of yen)2012(As of March 31, 2012)(Millions of yen)2012(As of March 31, 2012)(Thousands of U.S. dollars)46 — —(5) Guarantees of loansThe Company has provided guarantees of loans to unconsolidated subsidiaries and affiliates in respect of their borrowings fromfinancial institutions.(2011)As of March 31, 2011Guaranteed partyGuaranteed amount(Millions of yen)World Cargo Distribution Center Co., Ltd. 678 Loan guaranteeKobe Port International Distribution CenterCo., Ltd.578 Loan guaranteeYokkaichi Port International Freight CenterCo., Ltd.11 Loan guaranteeGuarantees for employees’ housing loans 6 Loan guaranteeNittsu Shoji U.S.A., Inc. 163 Loan guaranteeTotal 1,439TypeNIPPON EXPRESS Annual Report 201235