Consolidated Statements of Changes in Net Assets Toagosei Co., Ltd. and Consolidated Subsidiaries Millions of yen Thousands of U.S. dollars (Note 3) Years ended December 31, 2009 2008 2009 Valuation and translation adjustments Unrealized holding gain on securities Balance at previous year-end............................................................................................................................ \ 1,047 \ 5,841 $ 11,370 Changes during year: Net changes in items other than shareholders’ equity............................................................... 422 (4,794) 4,587 Total changes during year........................................................................................................................... 422 (4,794) 4,587 Balance at end of year............................................................................................................................................ \ 1,469 \ 1,047 $ 15,958 Unrealized gain on hedging derivatives Balance at previous year-end............................................................................................................................ \ 0 \ 2 $ 5 Changes during year: Net changes in items other than shareholders’ equity............................................................... (0) (2) (5) Total changes during year........................................................................................................................... (0) (2) (5) Balance at end of year............................................................................................................................................ \ . \ 0 $ . Translation adjustments Balance at previous year-end............................................................................................................................ \ (775) \ 163 $ (8,418) Changes during year: Net changes in items other than shareholders’ equity............................................................... 50 (938) 546 Total changes during year........................................................................................................................... 50 (938) 546 Balance at end of year............................................................................................................................................ \ (725) \ (775) $ (7,872) Total valuation and translation adjustments Balance at previous year-end............................................................................................................................ \ 272 \ 6,007 $ 2,957 Changes during year: Net changes in items other than shareholders’ equity............................................................... 472 (5,735) 5,128 Total changes during year........................................................................................................................... 472 (5,735) 5,128 Balance at end of year............................................................................................................................................ \ 744 \ 272 $ 8,086 Minority interests Balance at previous year-end............................................................................................................................ \ 13,776 \ 13,599 $ 149,586 Changes during year: Net changes in items other than shareholders’ equity............................................................... 473 177 5,145 Total changes during year........................................................................................................................... 473 13,776 5,145 Balance at end of year............................................................................................................................................ \ 14,250 \ 13,776 $ 154,732 Total net assets Balance at previous year-end............................................................................................................................ \113,048 \118,939 $1,227,456 Changes during year: Cash dividends.................................................................................................................................................... (1,807) (2,088) (19,625) Net income............................................................................................................................................................ 3,541 1,895 38,451 Purchase of treasury stock........................................................................................................................... (2,037) (202) (22,126) Gain on sales of treasury stock................................................................................................................... 9 62 100 Net changes in items other than shareholders’ equity............................................................... 946 (5,558) 10,274 Total changes during year........................................................................................................................... 651 (5,890) 7,074 Balance at end of year............................................................................................................................................ \113,700 \113,048 $1,234,531 See accompanying notes to consolidated financial statements. 28 Annual Report 2009