Millions of yen Thousands of U.S. dollars (Note 3) 2009 2008 2009 Liabilities and net assets Current liabilities: Notes and accounts payable.................................................................................................................................... \ 16,786 \ 20,467 $ 182,260 Short-term bank loans (Note 9)............................................................................................................................... 4,787 9,712 51,982 Current portion of long-term debt (Note 9)..................................................................................................... 868 1,858 9,435 Commercial paper........................................................................................................................................................... . 6,000 . Deferred tax liabilities (Note 11).............................................................................................................................. . 1 . Accrued income taxes.................................................................................................................................................. 1,568 1,106 17,032 Other current liabilities................................................................................................................................................. 8,086 7,529 87,797 Total current liabilities.......................................................................................................................................................... 32,097 46,676 348,508 Long-term liabilities: Long-term debt (Note 9)............................................................................................................................................. 10,312 7,997 111,973 Deferred tax liabilities (Note 11).............................................................................................................................. 1,086 1,167 11,793 Accrued retirement benefits for employees (Note 10)............................................................................. 568 655 6,175 Accrued retirement benefits for directors......................................................................................................... 113 122 1,231 Other long-term liabilities........................................................................................................................................... 3,730 2,795 40,508 Total long-term liabilities.................................................................................................................................................... 15,811 12,739 171,682 Commitments and contingencies (Note 18) Net assets: Shareholders’ equity (Notes 12, 17, 20 and 21): Common stock, without par value: Authorized . 550,000,000 shares Issued: 2009 . 263,992,598 shares........................................................................................................................... 20,886 . 226,779 2008 . 263,992,598 shares........................................................................................................................... . 20,886 . Capital surplus............................................................................................................................................................ 15,086 15,085 163,808 Retained earnings..................................................................................................................................................... 65,638 63,904 712,688 Treasury stock (Note 16)....................................................................................................................................... (2,907) (877) (31,563) Total shareholders’ equity........................................................................................................................................... 98,704 98,999 1,071,712 Valuation and translation adjustments: Unrealized holding gain on securities.......................................................................................................... 1,469 1,047 15,958 Unrealized gain on hedging derivatives..................................................................................................... . 0 . Translation adjustments....................................................................................................................................... (725) (775) (7,872) Total valuation and translation adjustments................................................................................................... 744 272 8,086 Minority interests.............................................................................................................................................................. 14,250 13,776 154,732 Total net assets......................................................................................................................................................................... 113,700 113,048 1,234,531 Total liabilities and net assets....................................................................................................................................... \161,609 \172,464 $1,754,722 Toagosei Co., Ltd. 25