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## 5. Long-lived Assets 

The Group recognized impairment losses mainly for the exterior wall material business, housing structure business, commercial building related business, assisted-living condominium business and retail stores which declined in value due mainly to continuous operating losses. The Group also recognized an impairment loss for idle assets due to the decision to close factories after reexamining production capacity as part of the structural reform led by the significant change in the trend of demands. The carrying amounts of those assets were written down to their recoverable amounts and impairment losses were recorded in other expenses in the consolidated statements of operations. The Group recognized impairment losses on the following asset categories for the years ended March 31, 2010 and 2009: 

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The recoverable amounts of these assets were measured based on net selling price or value in use. The net selling price of manufactur- ing facilities of exterior wall materials, manufacturing facilities of housing structures, manufacturing facilities of building materials, assisted- living condominium business and idle assets was calculated based on the appraised value by a real estate appraiser or expected contract price. The recoverable amounts of retail stores were calculated based on value in use, which was calculated by discounting estimated future cash flows by an 8.0% discount rate. 

## 6. Investment Property 

On November 28, 2008, the ASBJ issued ASBJ Statement No. 20, “Accounting Standard for Investment Property and Related Disclo- sures,” and issued ASBJ Guidance No. 23, “Guidance on Account- ing Standard for Investment Property and Related Disclosures.” This accounting standard and the guidance are applicable to investment property and related disclosures at the end of the fiscal years ending on or after March 31, 2010. The Group applied the new accounting standard and guidance effective March 31, 2010. 

The Group holds some rental properties and idle real estate such as rental commercial facilities in Tokyo and other areas. Net of rental income and operating expenses for those rental properties and idle real estates was ¥1,438 million ($15,459 thousand) for the fiscal year ended March 31, 2010. Other loss of ¥12,336 million ($132,586 thousand) was incurred mainly due to impairment losses for the fiscal year ended March 31, 2010. 

