The official annual reports of Japanese companies mostly have their reporting date
in March of the current year. As the official 2004 reports of Japanese companies have
already appeared, it has been verified that in these reports no significant changes in
intangible-reporting practices, compared to 2003, are noted. Companies were selected if
a substantial focus is on pharmaceuticals although this implies that there are a few
“mixed-product” companies. Being substantial pharmaceutical manufacturers, both in
absolute and relative terms, these companies are included.