5. Inventories 6. Investments in Affiliates Yen U.S. Dollars (millions) (thousands) 1999 2000 2000 Finished goods ¥397,661 ¥344,954 $3,254,283 Work in process 315,504 326,859 3,083,575 Raw materials 141,499 133,813 1,262,387 ¥854,664 ¥805,626 $7,600,245 Inventories at March 31, 1999 and 2000 consisted of the following: A summary of the financial information of the affiliates accounted for by the equity method is presented below: 33 Yen U.S. Dollars (millions) (thousands) At March 31 1999 2000 2000 Current assets ¥ 819,430 ¥1,001,081 $ 9,444,160 Noncurrent assets 547,105 357,058 3,368,472 1,366,535 1,358,139 12,812,632 Current liabilities 371,247 359,654 3,392,962 Long-term liabilities 188,933 126,553 1,193,896 Net assets ¥ 806,355 ¥ 871,932 $ 8,225,774 Yen U.S. Dollars (millions) (thousands) Years ended March 31 1998 1999 2000 2000 Net sales ¥1,062,300 ¥822,282 ¥1,075,887 $10,149,877 Net income 60,812 58,000 50,515 476,557 Yen U.S. Dollars (millions) (thousands) At March 31 1999 2000 2000 Carrying value ¥271,158 ¥ 291,078 $ 2,746,019 Market value 685,100 1,490,597 14,062,236 Of the affiliates accounted for by the equity method, the carrying and market values of the shares of the publicly listed companies at March 31, 1999 and 2000 were as follows: At March 31, 1999 and 2000, the amount of ¥19,373 million ($182,764 thousand) representing the Company’s 29.49% investment in JECC was included in investments and long-term loans—other. The Company does not regard JECC as an affiliate as it is unable to exercise significant influence over JECC’s affairs. JECC’s principal business is the leasing of computers and peripherals which it purchases from its seven shareholders. At March 31, 2000, JECC’s issued share capital was ¥65,700 million ($619,811 thousand). Its net sales for the years ended March 31, 1998, 1999 and 2000 amounted to ¥299,269 million, ¥298,957 million and ¥299,746 million ($2,827,792 thousand) respectively.