A vehicle peripheral obstacle notification system comprising: a surrounding image input part that comprises plural cameras that acquire plural images of the surroundings of a vehicle and outputs the acquired surrounding images; a composite image formation part adapted to extract parts of the acquired surrounding images as composite image formation areas and compose a composite bird's-eye image as an output resulting from the extracted composite image formation areas; an output part adapted to present a user with the resulting bird's eye image outputted by the composite image formation part, an object detection part adapted to perform the process of detecting a moving obstacle in surrounding images and for determining its position coordinates; and an area determination part adapted to determine whether the determined position coordinates of a detected moving obstacle are inside or outside the composite image formation areas; characterized in that the vehicle peripheral obstacle notification system further includes: an image information extraction part adapted to, if the area determination part determines that the detected position coordinates of the moving obstacle is outside the composite image formation areas, extract information about the detected position of the moving obstacle, extract an image of the detected moving obstacle and output it to the composite image formation part, wherein the composite image formation part is adapted to superimpose the extracted image of the moving obstacle onto the composite bird's-eye image on the extracted position before outputting the image to the output part so that the image of the moving obstacle is displayed at the detected position of the moving obstacle. a surrounding image input part that comprises plural cameras that acquire plural images of the surroundings of a vehicle and outputs the acquired surrounding images; a composite image formation part adapted to extract parts of the acquired surrounding images as composite image formation areas and compose a composite bird's-eye image as an output resulting from the extracted composite image formation areas; an output part adapted to present a user with the resulting bird's eye image outputted by the composite image formation part, an object detection part adapted to perform the process of detecting a moving obstacle in surrounding images and for determining its position coordinates; and an area determination part adapted to determine whether the determined position coordinates of a detected moving obstacle are inside or outside the composite image formation areas; characterized in that the vehicle peripheral obstacle notification system further includes: an image information extraction part adapted to, if the area determination part determines that the detected position coordinates of the moving obstacle is outside the composite image formation areas, extract information about the detected position of the moving obstacle, extract an image of the detected moving obstacle and output it to the composite image formation part, wherein the composite image formation part is adapted to superimpose the extracted image of the moving obstacle onto the composite bird's-eye image on the extracted position before outputting the image to the output part so that the image of the moving obstacle is displayed at the detected position of the moving obstacle. an image information extraction part adapted to, if the area determination part determines that the detected position coordinates of the moving obstacle is outside the composite image formation areas, extract information about the detected position of the moving obstacle, extract an image of the detected moving obstacle and output it to the composite image formation part, wherein the composite image formation part is adapted to superimpose the extracted image of the moving obstacle onto the composite bird's-eye image on the extracted position before outputting the image to the output part so that the image of the moving obstacle is displayed at the detected position of the moving obstacle.