Millions of yen Thousands of U.S. dollars (Note 3) 2010 2009 2010 Liabilities and net assets Current liabilities: Notes and accounts payable (Note 8).................................................................................................................. \ 14,828 \ 16,786 $ 181,967 Short-term bank loans (Notes 8 and 11)............................................................................................................. 3,298 4,787 40,477 Current portion of long-term debt (Notes 8 and 11)................................................................................. 4,182 868 51,329 Deferred tax liabilities (Note 8)................................................................................................................................ 0 . 0 Accrued income taxes.................................................................................................................................................. 5,012 1,568 61,514 Other current liabilities................................................................................................................................................. 9,645 8,086 118,368 Total current liabilities.......................................................................................................................................................... 36,968 32,097 453,658 Long-term liabilities: Long-term debt (Notes 8 and 11)........................................................................................................................... 6,201 10,312 76,100 Deferred tax liabilities (Note 13).............................................................................................................................. 976 1,086 11,981 Accrued retirement benefits for employees (Note 12)............................................................................. 540 568 6,627 Accrued retirement benefits for directors......................................................................................................... 32 113 394 Other long-term liabilities........................................................................................................................................... 4,101 3,730 50,335 Total long-term liabilities.................................................................................................................................................... 11,851 15,811 145,441 Commitments and contingencies (Note 19) Net assets: Shareholders’ equity (Notes 14, 18, 21 and 22): Common stock, without par value: Authorized . 550,000,000 shares Issued: 2010 . 263,992,598 shares........................................................................................................................... 20,886 . 256,306 2009 . 263,992,598 shares........................................................................................................................... . 20,886 . Capital surplus............................................................................................................................................................ 15,088 15,086 185,163 Retained earnings..................................................................................................................................................... 77,131 65,638 946,515 Treasury stock (Note 17)....................................................................................................................................... (2,955) (2,907) (36,268) Total shareholders’ equity........................................................................................................................................... 110,151 98,704 1,351,716 Valuation and translation adjustments: Unrealized holding gain on securities.......................................................................................................... 1,499 1,469 18,397 Translation adjustments....................................................................................................................................... (1,367) (725) (16,781) Total valuation and translation adjustments................................................................................................... 131 744 1,615 Minority interests.............................................................................................................................................................. 14,743 14,250 180,930 Total net assets......................................................................................................................................................................... 125,027 113,700 1,534,262 Total liabilities and net assets....................................................................................................................................... \173,847 \161,609 $2,133,361 Toagosei Co., Ltd. 27