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## Fair Value of Derivative Financial Instruments 

The fair values of the Group’s derivative financial instruments at March 31, 2001 and 2000 were as follows: 

<img src='content_image/56628.jpg'>

Information related to foreign currency forward contracts that qualify for hedge accounting for the year ended March 31, 2001 and forward contracts that are assigned to associated assets and liabilities and recorded on the balance sheet at March 31, 2000 are excluded from the dis- closure of market value information. 

The contract or notional amounts of derivatives which are shown in the above table do not rep- resent the amounts exchanged by the parties and do not measure the Group’s exposure to credit or market risk. 

13. Commitments and Contingent Liabilities 

Commitments for capital expenditures outstanding at March 31, 2001 totaled approximately ¥7,558 million. 

Contingent liabilities at March 31, 2001 were as follows: 

<img src='content_image/56633.jpg'>

14. Subsequent Events 

At the general shareholders’ meeting held on June 28, 2001, the Company’s shareholders approved the following: 

Appropriations of Retained Earnings The following appropriations of retained earnings at March 31, 2001 were approved at the Company’s shareholders’ meeting held on June 28, 2001: 

<img src='content_image/56635.jpg'>

