17. COMMITMENTS AND CONTINGENCIES
At March 31, 2005, the Company and its consolidated subsidiaries had the following contingent liabilities:
Thousands of
Millions of yen U.S. dollars
As endorser of notes receivable discounted with banks....................................................................................................................... ¥ 5,301 $ 49,542
As guarantor of employees’ housing loans from banks and others............................................................................................ 243,384 2,274,617
¥248,685 $2,324,159
16. LEASE TRANSACTIONS
a) Lessees’ accounting
Future minimum lease payments subsequent to March 31, 2005 on noncancelable operating leases are summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2006................................................................................................................................................................................................................................................. ¥ 5,729 $ 53,542
2007 and thereafter............................................................................................................................................................................................................ 24,004 224,336
Total................................................................................................................................................................................................................................................... ¥29,733 $277,878
b) Lessors’ accounting
Future minimum lease income subsequent to March 31, 2005 for noncancelable operating leases is summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2006................................................................................................................................................................................................................................................. ¥228,770 $2,138,037
2007 and thereafter............................................................................................................................................................................................................ 311,015 2,906,682
Total................................................................................................................................................................................................................................................... ¥539,785 $5,044,719
See Note 2(c) for the change in the method of accounting for noncancelable lease transactions which transfer substantially all risks and rewards
associated with the ownership of assets.