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Yamaha Motor Co., Ltd. (the "Company") has provided the following notice concerning the recording of revaluation loss on stockholdings of subsidiaries as non-operating expenses in its non-consolidated financial results for the fiscal year ended December 31, 2010 (January 1 to December 31, 2010) announced today.
Revaluation loss on stockholdings of subsidiaries are eliminated from consolidated accounting, and therefore, have no effect on consolidated financial results.
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Revaluation Loss on Stockholdings of Subsidiaries in the Fourth Quarter of the Fiscal Year Ended December 31, 2010
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Revaluation loss on stockholdings of subsidiaries in the fourth quarter
(October 1 December 31, 2010) of the fiscal year ended December 31,
2010 (A - B) |
Million yen
12,768 |
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(A) |
Revaluation loss on stockholdings of subsidiaries in the fiscal year ended
December 31, 2010 (January 1 December 31, 2010) | 13,808 |
(B) |
Revaluation loss on stockholdings of subsidiaries in the first nine months
(January 1 – September 30, 2010) of the fiscal year ended December
31, 2010 | 1,039 |
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The quarterly valuation method involves the adding back of the credited reserve amount in full to the income in the following period
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When performing book value depreciation, if the market value at the end of the term has fallen by 50% or more of the acquisition value, as a general rule, book value depreciation is performed, but if the decline is between 30% to 50%, book value depreciation is performed with respect to the amount deemed to be necessary in light of the potential of recovery and other factors.
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The Company's fiscal year ends on December 31.
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