Annual Report 2002 [PDF/1.6MB]

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3. INVESTMENTS IN SECURITIESInformation regarding investments in marketable securities at March 31, 2002 is as follows:Millions of YenThousands of U.S. DollarsAcquisitioncostCarryingvalueUnrealizedgain (loss)AcquisitioncostCarryingvalueUnrealizedgain (loss)Securities whose carryingvalue exceeds their ofacquisition cost:Equity securities¥ 10,213¥ 13,219¥ 3,006$ 76,645$ 99,204$ 22,559Securities with a carryingvalue dosn't exceed theiracquisition cost:Equity securities13,74310,115(3,628)103,13775,910(27,227)Total¥ 23,956¥ 23,334¥ (622)$ 179,782$ 175,114$ (4,668)Information with respect to sales of investments in securities for the years ended March 31, 2002 and 2001 is summarizedas follows:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Sales¥ 1,656¥ 28,914$ 12,427Aggregate gain3949,1612,957Aggregate loss¥ 107¥ 7,730$ 803The carrying value of investments in non-marketable securities at March 31, 2002 and 2001 was as follows:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Unlisted equity securities¥ 9,385¥ 11,429$ 70,432Other18217135¥ 9,403¥ 11,646$ 70,56739
4. SHORT-TERM BORROWINGS AND LONG-TERM DEBTShort-term borrowings at March 31, 2002 and 2001 consisted of the following:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Short-term borrowings principally from banks at March 31, 2002¥ 212,211¥ 248,503$ 1,592,578and 2001 represent short-term notes with interest on the principalat average rates of 1.3% and 1.4% per annum, respectivelyCurrent portion of long-term debt36,28942,847272,338¥ 248,500¥ 291,350$ 1,864,916Long-term debt at March 31, 2002 and 2001 consisted of the following:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Unsecured loans from banks, insurance companies, government¥ 75,544¥ 106,863$ 566,935agencies and other financial institutions due through 2010, ataverage rates of 1.9% per annumSecured loans20,14327,076151,16795,687133,939718,102Less current portion(36,289)(42,847)(272,338)¥ 59,398¥ 91,092$ 445,764The aggregate annual maturities of long-term debt subsequent to March 31, 2002 are summarized as follows:Year ending March 31,200320042005200620072008 and thereafterMillions of Yen¥ 36,28919,4095,1062,29510,89521,693¥ 95,687Thousands ofU.S. Dollars$ 272,338145,65938,31917,22381,764162,799$ 718,10240
Page 2 and 3: COMPANY PROFILEOriginally founded i
Page 5 and 6: BUSINESS ENVIRONMENTDuring the year
Page 7 and 8: position as a leading steel trader,
Page 9 and 10: REVIEWS OF OPERATIONSDOMESTIC STEEL
Page 11 and 12: Domestic SteelOverseas SteelTerre A
Page 27 and 28: All Domestic Kawasho Offices Acquir
Page 29 and 30: CONSOLIDATED BALANCE SHEETSKawasho
Page 31 and 32: CONSOLIDATED STATEMENTS OF OPERATIO
Page 33 and 34: CONSOLIDATED STATEMENTS OF CASH FLO
Page 35 and 36: NOTES TO CONSOLIDATED FINANCIAL STA
Page 37: 2. SUMMARY OF SIGNIFICANT ACCOUNTIN
Page 41 and 42: 6. ACCRUED RETIREMENT BENEFITSThe f
Page 43 and 44: 10. LEASE TRANSACTIONSFinance lease
Page 45 and 46: 11. DERIVATIVE FINANCIAL INSTRUMENT
Page 47 and 48: 12. SEGMENT INFORMATIONThe Companie
Page 49: JapanThousands of U.S. DollarsOther
Page 52 and 53: IndonesiaMiddle EastNorth AmericaJA
Page 54 and 55: COMPANY DATANameKAWASHO CORPORATION

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