1. A vehicle peripheral obstacle notification system comprising: a surrounding image input part that acquires images of the surroundings of a vehicle and outputs the acquired surrounding images; a composite image formation part that extracts composite image formation areas from the surrounding images acquired by the surrounding image input part and composes a composite bird's-eye image as an output resulting from the extracted composite image formation areas; and an output part that presents a user with the resulting output, wherein the vehicle peripheral obstacle notification system further includes: an object detection part that performs the process of detecting a moving obstacle by use of the surrounding images; an area determination part that determines whether the position at which the moving obstacle is detected by the object detection part is inside or outside the composite image formation areas; and an image information extraction part which, if the area determination part determines that the detected position of the moving obstacle is outside the composite image formation areas, then extracts information about the detected position of the moving obstacle and extracts an image of the detected moving obstacle for output to the composite image formation part for superimposition thereby onto the composite bird's-eye image.