Consolidated Financial Statements Consolidated Balance Sheet

Transcription

1 Consolidated Financial Statements Consolidated Balance Sheet (Ended March 31, 2012) (Ended March 31, 2013) Assets Current assets Cash and deposits 34,440 64,372 Notes and accounts receivable-trade 3,595 11,694 Securities 11, Merchandise and finished goods Work in process 2,734 5,352 Raw materials and supplies 17,241 19,206 Deferred tax assets 1,182 1,806 Other 2,500 6,844 Allowance for doubtful accounts (63) (83) Total current assets 74, ,856 Non-current assets Property, plant and equipment Buildings and structures 8,748 9,567 Accumulated depreciation (4,825) (5,126) Buildings and structures (net amount) 3,922 4,441 Machinery, equipment and vehicles 4,166 4,257 Accumulated depreciation (3,150) (3,303) Machinery, equipment and vehicles (net amount) 1, Assets for rent 1,304 1,182 Accumulated depreciation (1,053) (1,118) Assets for rent (net amount) Land 31,235 35,841 Construction in progress 5,469 15,605 Other 10,681 8,812 Accumulated depreciation (6,860) (7,184) Other (net amount) 3,820 1,628 Total property, plant and equipment 45,713 58,535 Intangible assets Goodwill 49 - Other Total intangible assets Investments and other assets Investment securities 29,040 42,526 Long-term loans receivable Guarantees and deposits 1,625 1,645 Claims in bankruptcy, rehabilitation and other 1,783 1,817 Long-term accounts receivable-other 268 1,224 Long-term deposits - 4,332 Other Allowance for doubtful accounts (2,068) (3,074) Total investments and other assets 31,380 49,188 Total non-current assets 77, ,341 Total assets 151, ,197

2 Liabilities Current liabilities (Ended March 31, 2012) (Ended March 31, 2013) Notes and accounts payable-trade 6,820 13,869 Short-term loans payable - 9,132 Current portion of long-term loans payable Current portion of bonds 2,060 2,060 Accounts payable-other 1,304 1,771 Accrued income taxes ,994 Accrued consumption taxes 1, Provision for bonuses Other 1,323 2,479 Total current liabilities 14,397 47,176 Non-current liabilities Bonds payable 4,200 2,140 Long-term loans payable 1,155 4,676 Asset retirement obligations Other Total non-current liabilities 6,079 7,627 Total liabilities 20,477 54,804 Net assets Shareholders equity Capital stock Capital surplus 10,852 10,852 Retained earnings 164, ,616 Treasury stock (12,763) (14,296) Total shareholders equity 162, ,269 Accumulated other comprehensive income Valuation difference on available-for-sale securities (16) (51) Foreign currency translation adjustment (31,701) (21,593) Total accumulated other comprehensive income (31,718) (21,644) Subscription rights to shares Minority interests Total net assets 131, ,393 Total liabilities and net assets 151, ,197

3 Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated Statement of Income) (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Net sales 74,858 99,182 Cost of sales 32,616 42,627 Gross profit 42,241 56,554 Selling, general and administrative expenses 15,892 20,657 Operating income 26,349 35,897 Non-operating income Interest income Dividends income Foreign exchange gains 63 3,227 Equity in earnings of affiliates 7,178 5,636 Other Total non-operating income 7,349 9,223 Non-operating expenses Interest expenses Bond issuance cost Stock issuance cost - 51 Commission fee Other Total non-operating expenses Ordinary income 33,368 44,873 Extraordinary income Gain on sales of subsidiaries and affiliates' stocks Gain on change in equity Other Total extraordinary income Extraordinary loss Loss on retirement of non-current assets 90 8 Loss on valuation of investment securities 1 55 Litigation settlement Expenditures related to fraud Provision for loss on overseas operations - 2,222 Other 7 0 Total extraordinary loss 114 2,587 Net income before taxes and tax adjustments 34,096 43,133 Income taxes-current 4,017 16,066 Income taxes-deferred (1,290) (196) Total income taxes 2,726 15,870 Net Income before minority interests 31,370 27,263 Minority interests in loss (10) (186) Net income 31,380 27,449

4 (Consolidated Statement of Comprehensive Income) (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Net Income before minority interests 31,370 27,263 Other comprehensive income Valuation difference on available-for-sale securities 41 (58) Foreign currency translation adjustment (3,827) 10,075 Share of other comprehensive income of affiliates accounted for using equity method (15) 56 Total other comprehensive income (3,801) 10,073 Comprehensive income 27,569 37,336 (Breakdown) Comprehensive income attributable to owners of the parent 27,579 37,522 Comprehensive income attributable to minority interests (10) (186)

5 Consolidated Statement of Changes in Net Assets (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Shareholders equity Capital stock Beginning balance for the current period 3, Capital reduction (3,348) - Total change during the current period (3,348) - Ending balance for the current period Capital surplus Beginning balance for the current period 7,503 10,852 Capital reduction 3,348 - Total change during the current period 3,348 - Ending balance for the current period 10,852 10,852 Retained earnings Beginning balance for the current period 140, ,036 Dividends from surplus (2,378) (2,229) Dividends from surplus (interim dividend) (5,550) (2,201) Net income 31,380 27,449 Change of scope of consolidation - (16) Change of scope of equity method Total change during the current period 23,451 23,579 Ending balance for the current period 164, ,616 Treasury stock Beginning balance for the current period (2,763) (12,763) Acquisition of treasury stock (10,000) (1,532) Total change during the current period (10,000) (1,532) Ending balance for the current period (12,763) (14,296) Total shareholders equity Beginning balance for the current period 148, ,223 Dividends from surplus (2,378) (2,229) Dividends from surplus (interim dividend) (5,550) (2,201) Net income 31,380 27,449 Acquisition of treasury stock (10,000) (1,532) Change of scope of consolidation - (16) Change of scope of equity method Total change during the current period 13,451 22,046 Ending balance for the current period 162, ,269

6 (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Accumulated other comprehensive income Valuation difference on available-for-sale securities Beginning balance for the current period (33) (16) Change in items other than shareholders equity during the current period (net amount) 17 (35) Total change during the current period 17 (35) Ending balance for the current period (16) (51) Foreign currency translation adjustment Beginning balance for the current period (27,883) (31,701) Change in items other than shareholders equity during the current period (net amount) (3,818) 10,108 Total change during the current period (3,818) 10,108 Ending balance for the current period (31,701) (21,593) Total valuation and translation adjustments Beginning balance for the current period (27,916) (31,718) Change in items other than shareholders equity during the current period (net amount) (3,801) 10,073 Total change during the current period (3,801) 10,073 Ending balance for the current period (31,718) (21,644) Subscription rights to shares Beginning balance for the current period Change in items other than shareholders equity during the current period (net amount) (44) (0) Total change during the current period (44) (0) Ending balance for the current period Minority interests Beginning balance for the current period Change in items other than shareholders equity during the current period (net amount) 808 (62) Total change during the current period 808 (62) Ending balance for the current period Total net assets Beginning balance for the current period 120, ,336 Dividends from surplus (2,378) (2,229) Dividends from surplus (interim dividend) (5,550) (2,201) Net income 31,380 27,449 Acquisition of treasury stock (10,000) (1,532) Change of scope of consolidation - (16) Change of scope of equity method Change in items other than shareholders equity during the current period (net amount) (3,037) 10,010 Total change during the current period 10,413 32,057 Ending balance for the current period 131, ,393

7 Consolidated Statement of Cash Flows (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Net cash from operating activities Net income before taxes and tax adjustments 34,096 43,133 Depreciation 1,852 2,113 Amortization of goodwill Expenditures related to fraud Increase (decrease) in provision for bonuses Increase (decrease) in allowance for doubtful accounts (217) 981 Provision for loss on overseas operations - 2,222 Interest and dividends income (40) (109) Interest expenses Foreign exchange losses (gains) (112) (3,137) Equity in (earnings) losses of affiliates (7,178) (5,636) Loss (gain) on change in equity (771) (503) Loss (gain) on sales of stocks of subsidiaries and affiliates - (326) Decrease (increase) in notes and accounts receivable-trade 943 (8,099) Decrease (increase) in inventories 827 (4,302) Decrease (increase) in accounts receivable-other (34) 162 Decrease (increase) in other current assets (490) (4,379) Decrease (increase) in claims provable in bankruptcy, claims provable in rehabilitation and 141 (33) other Increase (decrease) in notes and accounts payable-trade 452 7,045 Increase (decrease) in accounts payable-other Increase (decrease) in advances received (195) 32 Increase (decrease) in other current liabilities (83) 249 Decrease (increase) in other noncurrent assets 15 (1,182) Increase (decrease) in other non-current liabilities (93) (2) Other Subtotal 30,171 29,443 Interest and dividends income received Proceeds from dividends income from equity method affiliate 12,632 - Interest expenses paid (121) (150) Income taxes paid (3,742) (1,313) Net cash from operating activities 38,999 28,088

8 (April 1, 2011 to March 31, 2012) (April 1, 2012 to March 31, 2013) Net cash from investment activities Purchase of property, plant and equipment (6,160) (11,434) Proceeds from sales of property, plant and equipment 18 9 Purchase of intangible assets (156) (621) Purchase of investment securities (1,001) (1,505) Proceeds from redemption of investment securities 1,069 - Purchase of investments in subsidiaries - (1,234) Proceeds from sales of investments in subsidiaries Payments of differences in guarantees and deposits (179) (2) Proceeds from collection of guarantees and deposits Payments into time deposits - (7,854) Other Net cash from investment activities (6,321) (22,060) Net cash from financing activities Net increase (decrease) in short-term loans payable (5,439) 8,809 Proceeds from long-term loans payable 2,300 3,909 Repayment of long-term loans payable (209) (936) Proceeds from issuance of bonds 5,879 - Expenditure on bond redemption (1,340) (2,060) Cash dividends paid (7,928) (4,430) Purchase of treasury stock (10,010) (1,532) Proceeds from collection of payments from minority shareholders Net increase of pledged deposit 1,249 (6,973) Other 22 (0) Net cash from financing activities (14,480) (3,213) Effect of exchange rate change on cash and cash equivalents (1,222) 3,383 Net increase (decrease) in cash and cash equivalents 16,975 6,197 Cash and cash equivalents at beginning of consolidated fiscal year 29,432 46,408 Increase in cash and cash equivalents from newly consolidated subsidiary Cash and cash equivalents at end of consolidated fiscal year 46,408 52,778