Schedule: April 3, 2007 17:30 - 18:15 (Tokyo)
Speaker: Thierry Porte, President and CEO
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@For securities of subsidiaries with a readily available market price, such as listed common shares, impairment must be taken if the price declines by more than 50% of the book value. No impairment is required if the decline in market prices is less than 50% of the book value. Valuation allowance for investment in subsidiaries and affiliates can be recognized without recording an impairment in cases such as with our investments in common shares of APLUS and Shinki.
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Latest Revision: April 25, 2007