SUMITOMO DENSETSU CO., LTD. Non-consolidated Financial Statements
|
|
- Griffin Parsons
- 6 years ago
- Views:
Transcription
1 SUMITOMO DENSETSU CO., LTD. Non-consolidated Financial Statements
2 Independent Auditors' Report To the Shareholders and Board of Directors of Sumitomo Densetsu Co., Ltd. We have audited the accompanying non-consolidated balance sheets of Sumitomo Densetsu Co., Ltd. as of March 31, 2008 and 2007, the related non-consolidated statements of income for the years then ended, and the non-consolidated statement of changes in net assets for the year ended March 31, 2008 and 2007 expressed in Japanese yen. These financial statements are the responsibility of the Company s management. Our responsibility is to independently express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in Japan. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the non-consolidated financial statements referred to above present fairly, in all material respects, the non-consolidated financial position of Sumitomo Densetsu Co., Ltd. as of March 31, 2008 and 2007, and the non-consolidated results of its operations, in conformity with accounting principles generally accepted in Japan. Without qualifying our opinion, we draw attention to the following: As discussed in Note 3 to the non-consolidated financial statements, effective April 1, 2006, Sumitomo Densetsu Co., Ltd. adopted new accounting standard for directors' bonus. The U.S. dollar amounts in the accompanying non-consolidated financial statements with respect to the year ended March 31, 2008 are presented solely for convenience. Our audit also included the translation of yen amounts into U.S. dollar amounts and, in our opinion, such translation has been made on the basis described in Note 1 to the non-consolidated financial statements. Osaka, Japan June 25, 2008
3 SUMITOMO DENSETSU CO., LTD. NON-CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2008 AND 2007 (Note 1) ASSETS Current Assets: Cash and cash equivalents 6,085 8,020 $ 60,735 Trade notes and accounts receivable (Note 4) 37,607 38, ,357 Other accounts receivable ,395 Allowance for doubtful receivables (69) (121) (689) Costs of uncompleted contracts 5,821 4,803 58,100 Advances paid 1,210 1,397 12,077 Deferred tax assets (Note 7) 869 1,105 8,674 Other current assets 1,727 1,714 17,237 Total current assets 53,490 55, ,886 Property and Equipment, at Cost: Land 6,371 6,546 63,589 Buildings and structures 3,885 4,414 38,776 Machinery and equipment 3,984 4,956 39,765 14,240 15, ,130 Less - accumulated depreciation (5,966) (7,264) (59,547) Net property and equipment 8,274 8,652 82,583 Investments and Other Assets: Intangible assets 1,360 1,503 13,574 Investments in subsidiaries and affiliates 2,243 2,713 22,387 Investments in securities 8,333 13,557 83,172 Long-term loans receivable 888 1,121 8,863 Guarantee deposits 928 1,912 9,262 Insurance reserve 1,486 1,569 14,832 Admission guarantee ,496 Other assets ,857 Allowance for doubtful receivables (376) (482) (3,753) Total investments and other assets 15,799 23, ,690 77,563 87,540 $ 774,159 The accompanying notes to the non-consolidated financial statements are an integral part of these statements.
4 SUMITOMO DENSETSU CO., LTD. NON-CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2008 AND 2007 LIABILITIES AND SHAREHOLDERS EQUITY (Note 1) Current Liabilities: Short-term borrowings (Note 5) 5,495 7,750 $ 54,846 Current portion of long-term debt (Note 5) 2,903 3,193 28,975 Bonds for redemption within one year 1,500-14,972 Notes and accounts payable (Note 4) 31,138 35, ,789 Accrued expenses 2,818 2,160 28,127 Advances received on uncompleted contracts 3,917 3,455 39,096 Accrued income taxes (Note 7) Accrued bonuses to directors Provision for losses on construction contracts Allowance for compensation for construction damages Other current liabilities ,639 Total current liabilities 48,530 52, ,380 Long-term Liabilities: Long-term debt (Note 5) 4,364 8,367 43,557 Accrued pension and severance costs 1,479 1,287 14,762 Retirement allowances for directors, corporate auditors and operating officers ,934 Deferred tax liabilities (Note 7) 370 1,214 3,693 Allowance for losses on investment ,096 Other long-term liabilities Total long-term liabilities 6,735 11,271 67,222 Contingent Liabilities (Note 8) Net Assets (Note 6): Shareholders Equity Common stock; Authorized - 73,000,000 shares Outstanding - 35,635,879 shares in ,440 6,440 64,278 Additional paid-in capital 6,038 6,038 60,265 Retained earnings 8,236 6,318 82,204 Treasury stock at cost - 27,167 shares in 2007 (14) (10) (140) Total shareholders equity 20,700 18, ,607 Accumulated Gains from Revaluation and Translation Adjustments Net unrealized holding gains on investments in securities 1,599 4,959 15,960 Unrealized gains on hedging derivatives, net of taxes (1) 11 (10) Total accumulated gains from revaluation and translation adjustments 1,598 4,970 15,950 Total net assets 22,298 23, ,557 77,563 87,540 $ 774,159 The accompanying notes to the non-consolidated financial statements are an integral part of these statements.
5 SUMITOMO DENSETSU CO., LTD. NON-CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED MARCH 31, 2008 AND 2007 (Note 1) Net Sales 105, ,741 $ 1,057,102 Cost of Sales (Note 4) 97, , ,728 Gross profit 8,754 7,119 87,374 Selling, General and Administrative Expenses 5,135 4,962 51,253 Operating income 3,619 2,157 36,121 Other Income (Expenses): Dividend income ,823 Interest expense, net (337) (376) (3,364) Foreign exchange loss (4) (19) (40) Gain on sales of property and equipment, net (67) 27 (669) Gain on sales of investments in securities, net 448 1,012 4,472 Gain on sale of investments in affiliates 173-1,727 Devaluation of memberships - (52) - Property rental income Devaluation of investments in subsidiaries - (1,446) - Impairment loss (5) - (50) Provision for losses on investment - (210) - Commitment fee (62) (46) (619) Office relocation expenses (104) - (1,038) Losses on disposal of property, plant and equipment (84) - (838) Loss on revaluation of subsidiary s assets after liquidation - (46) - Provision for doubtful receivables - subsidiaries - (36) - Loss on disposal of inventories - (86) - Other, net , (887) 5,041 Income before Income Taxes 4,124 1,270 41,162 Provision for income taxes (Note 7): Current ,497 Deferred 1, ,968 1, ,465 Net Income 2,274 1,052 $ 22,697 Per Share of Common Stock Yen (Note 1) Net income Cash dividends applicable to the year The accompanying notes to the non-consolidated financial statements are an integral part of these statements.
6 SUMITOMO DENSETSU CO., LTD. NON-CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEAR ENDED MARCH 31, 2007 Thousands Number of shares of common stock Common stock Additional paid-in capital Retained earnings millions of yen Treasury stock Unrealized gains (losses) on securities, net of taxes Unrealized gains (losses) on hedging derivatives, net of taxes Total Balance at March 31, ,636 6,440 6,038 5,373 (9) 5,983-23,825 Net income 1,052 1,052 Cash dividends paid (107) (107) Acquisition of treasury stock Net changes during the year Balance at March 31, 2007 (1) (1) (1,024) 11 (1,013) 35,636 6,440 6,038 6,318 (10) 4, ,756 Thousands (Note 1) Unrealized Unrealized gains gains Number of Additional (losses) (losses) on shares of Common Retained Treasury paid-in on hedging common stock earnings stock capital securities, derivatives, stock net of net of taxes taxes Total Balance at March 31, ,636 $ 54,553 $ 51,148 $ 45,515 $ (77) $ 50,682 $ - $ 201,821 Net income 8,911 8,911 Cash dividends paid (906) (906) Acquisition of treasury stock Net changes during the year Balance at March 31, 2007 (8) (8) (8,674) 93 (8,581) 35,636 $ 54,553 $ 51,148 $ 53,520 $ (85) $ 42,008 $ 93 $ 201,237 The accompanying notes to the non-consolidated financial statements are an integral part of these statements
7 SUMITOMO DENSETSU CO., LTD. NON-CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEAR ENDED MARCH 31, 2008 Thousands Number of shares of common stock Common stock Additional paid-in capital Retained earnings millions of yen Treasury stock Unrealized gains (losses) on securities, net of taxes Unrealized gains (losses) on hedging derivatives, net of taxes Total Balance at March 31, ,636 6,440 6,038 6,318 (11) 4, ,755 Net income 2,274 2,274 Cash dividends paid (356) (356) Acquisition of treasury stock Net changes during the year Balance at March 31, 2008 (3) (3) (3,360) (12) (3,372) 35,636 6,440 6,038 8,236 (14) 1,599 (1) 22,298 Thousands (Note 1) Unrealized Unrealized gains gains Number of Additional (losses) (losses) on shares of Common Retained Treasury paid-in on hedging common stock earnings stock capital securities, derivatives, stock net of net of taxes taxes Total Balance at March 31, ,636 $ 64,278 $ 60,265 $ 63,060 $ (110) $ 49,496 $ 110 $ 237,099 Net income 22,697 22,697 Cash dividends paid (3,553) (3,553) Acquisition of treasury stock Net changes during the year Balance at March 31, 2008 (30) (30) (33,536) (120) (33,656) 35,636 $ 64,278 $ 60,265 $ 82,204 $ (140) $ 15,960 $ (10) $ 222,557 The accompanying notes to the non-consolidated financial statements are an integral part of these statements
8 SUMITOMO DENSETSU CO., LTD. NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED MARCH 31, 2008 AND BASIS OF PRESENTING NON-CONSOLIDATED FINANCIAL STATEMENTS The accompanying non-consolidated financial statements have been prepared in accordance with the provisions set forth in the Japanese Securities and Exchange Law and its related accounting regulations and in conformity with accounting principles generally accepted in Japan ( Japanese GAAP ), which are different in certain respects as to application and disclosure requirements from International Financial Reporting Standards. The accompanying non-consolidated financial statements have been restructured and translated into English, with some expanded descriptions and the inclusion of non-consolidated statements of shareholders' equity, from the non-consolidated financial statements of the Company prepared in accordance with Japanese GAAP and filed with the appropriate Local Finance Bureau of the Ministry of Finance as required by the Securities and Exchange Law. Some supplementary information included in the statutory Japanese language non-consolidated financial statements, but not required for fair presentation, is not presented in the accompanying non-consolidated financial statements. The non-consolidated balance sheet as of March 31, 2007, which was prepared in accordance with the new accounting standard as discussed in Note 2(v), is presented with the non-consolidated balance sheet as of March 31, 2006, prepared in accordance with the previous presentation rules. Also, as discussed in Note 2(u), the non-consolidated statement of changes in net assets for the year ended March 31, 2007 was prepared in accordance with the new accounting standard. The accompanying non-consolidated statement of shareholders equity for the year ended March 31, 2006 was voluntarily prepared for the purpose of inclusion in the non-consolidated financial statements although such statements were not required to be filed with the Local Finance Bureau. The translations of the Japanese yen amounts into U.S. dollar amounts were included solely for the convenience of readers outside Japan, using the prevailing exchange rate at March 31, 2008, which was to U.S. $1.00. The translations should not be construed as representations that the Japanese yen amounts have been, could have been, or could in the future be converted into at this or any other rate of exchange.
9 2. SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (a) Cash Equivalents In preparing the statements of cash flows, cash on hand, readily available deposits and short-term highly liquid investments with a maturity not exceeding three months at the time of purchase are considered to be cash and cash equivalents. (b) Securities Equity securities issued by subsidiaries and affiliates are stated at cost. Available-for-sale securities with quoted market values are stated at fair market value. Unrealized gains and losses on these securities are reported, net of related income taxes, as a separate component of net assets. Realized gains and losses on the sale of such securities are computed using average cost. Available-for-sale securities with no available fair market value are stated at average cost. Available-for-sale securities maturing within one year from the balance sheet date and highly liquid investment funds are included in current assets, and other securities are included in investments in securities. (c) Derivative and Hedging Transactions Derivative financial instruments are stated at fair value. Certain accounts denominated in foreign currencies for which foreign exchange forward contracts are used to hedge foreign currency fluctuations are translated at the contracted rate if the forward contracts qualify for hedge accounting. If interest rate swap contracts are used as hedges and meet certain hedging criteria, the net amount to be paid or received under the interest rate swap contract is added to or deducted from the interest on the liabilities for which the swap contract was executed. If derivative financial instruments meet hedging criteria, the Company defers recognition of gain or loss until the hedged transaction occurs. The Company utilizes hedge accounting for foreign currency forward exchange contracts hedging foreign currency monetary assets and interest rate swap contracts hedging interest on borrowings. The Company utilizes hedging instruments to hedge future risks of foreign exchange rate and interest rate in accordance with respective internal policies and procedures on risk control. The Company assesses the effectiveness of each hedge contract by comparing the total cash flow fluctuation of the hedging instrument and the hedged item. (d) Inventories Costs on uncompleted contracts are stated at cost, which is determined by the individual cost method. And other inventories are stated at cost, calculated by the aggregate average method. (e) Allowance for Doubtful Receivables The allowance for doubtful receivables is provided based upon the estimated uncollectible amounts of individually identified doubtful receivables and historical loss experience for the other receivables. (f) Allowance for Compensation for Construction Damages Allowance for compensation for construction damages is provided at the amount calculated based on the estimated compensation for damages related to the completed construction for which the Company is responsible.
10 (g) Accrued Bonuses to Directors The Company provides the allowance for directors bonuses based on the estimated amounts of payments for the fiscal year. (h) Allowance for losses on investment Allowance for losses on investment is provided for based on the evaluation of individual financial and other conditions of subsidiaries. (i) Property and Equipment The Company principally uses the straight-line method for depreciation of buildings and the declining-balance method for other properties over the estimated useful lives. (j) Intangibles The Company includes internal use software in intangible fixed assets and amortizes it by the straight-line method over the estimated useful life. (k) Leases Finance leases that do not transfer ownership or have bargain purchase option provisions are accounted for in the same manner as operating leases. (l) Provision for Loss on Construction Contracts The Company provides a provision for loss on construction contracts when estimated costs will exceed contract revenue. This provision relates to certain large construction projects which are unlikely to be profitable due to changes in the environment. (m) Revenue Recognition Revenue on construction contracts is recognized by the percentage-of-completion method for long-term construction contracts exceeding 12 months. Revenue on other contracts is recognized by the completed-contract method. Revenue recognized by the percentage-of-completion method was 15,316 million (US$152,870 thousand) and 17,550 million for the years ended March 31, 2008 and 2007, respectively. Revenue from insurance agency is recognized when the insurance contracts are made and technical guidance royalties are recognized in accordance with the contracts on technical guidance. (n) Research and development Expenses related to research and development are charged to selling, general and administrative expenses and cost of sales as incurred and amounted to 397 million (US$3,962 thousand) and 358 million for the years ended March 31, 2008 and 2007, respectively. (o) Pension and Severance Costs The Company has pension, retirement and termination allowance plans to provide benefits for employees. The benefits of the plans are, in general, determined by length of service and compensation at the time of termination or retirement. Payments of benefits are made under an unfunded termination and retirement allowance plan and
11 contributory and non-contributory funded plans. Under the plans, employees are entitled to lump-sum payments at the time of termination of their employment or to pension payments. The Company provides for employees pension and severance costs based on the estimated amounts of projected benefit obligation and the fair value of pension plan assets at the fiscal year-end. Prior service costs of pension plans are amortized by the straight-line method over 3 years, which is less than the estimated average remaining service years of the employees. Actuarial gains and losses are amortized over 15 years, which is less than the estimated average remaining service years of the employees, from the next fiscal year. Accrued lump-sum retirement benefits for executive officers are determined based on the Company s internal regulations and are included in Accrued pension and severance costs. (p) Retirement Allowances for Directors, Corporate Auditors and Operating Officers Directors, corporate auditors and operating officers of the Company receive lump-sum payments upon termination of their services under unfunded termination plans. The payments are subject to shareholders approval. The amount required based on length of service and remuneration to date under these plans is fully accrued. (q) Bond Issue Costs Bond issue costs are charged to income when incurred. (r) Income Taxes The provision for income taxes is based on income for financial statement purposes. The asset and liability approach is used to recognize deferred tax assets and liabilities for operating loss carryforwards and the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. (s) Translation of Foreign Currencies Foreign currency monetary assets and liabilities are translated into Japanese yen at the exchange rate in effect at each fiscal year-end and the resulting translation gains or losses are included in net loss. Investments in foreign subsidiaries and affiliates denominated in foreign currencies are translated at the exchange rate in effect at the time of the transaction. (t) Use of Estimates Management of the Company has made a number of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities, in preparing these financial statements in conformity with generally accepted accounting principles. Actual results could differ from those estimates. (u) Net Income per Share Net income per share is based on the weighted average number of shares of common stock outstanding during the year. The Company did not present diluted earnings per share because no common stock equivalents were outstanding.
12 (V) Reclassifications Certain reclassifications of previously reported amounts were made to conform with current classifications.
13 3. CHANGE IN ACCOUNTING POLICIES Effective April 1, 2006, the Company adopted the new accounting standard "Accounting Standard for Directors' Bonus" (Statement No. 4 issued by the Accounting Standards Board of Japan on November 29, 2005). As a result of this change, operating income and income before income taxes for this fiscal year were 50 million ($424 thousand) less than what they would have been if the previous standard had been applied. From the fiscal year ended March 31, 2008, in accordance with revisions to the Corporate Tax Code (Act on Partial Revision, etc. of the Income Tax Act, etc., March , No.6, and Decree Law on Partial Revision, etc. of the Corporate Tax Code Enforcement Ordinance, March 30, 2007, No. 83.),tangible assets acquired on and after April 1, 2007, are accounted for the straight-line method and the declining-balance method, as stipulated by the revised Corporate Tax Code. The impact of this revision was to reduce ordinary income and surplus before income taxes and minority interests by 2 million ($20 thousand). The residual book value of tangible assets acquired on or before March 31,2007, that have been depreciated down to their final depreciation limit is depreciated in equal amounts over a five-year period. The impact of this revision was to reduce ordinary income and surplus before income taxes and minority interests by 35 million ($349 thousand). 4. RELATED PARTY TRANSACTIONS Significant transactions and outstanding accounts of the Company with related party were as follows: Notes and accounts receivable 1,290 1,369 $ 12,876 Notes and accounts payable 4,681 5,054 46,721 Short-term loans 1, ,476 Short-term borrowings 1,200-11,977 Cost of sales 18,890 20, ,542 Other income 310-3, SHORT-TERM BORROWINGS AND LONG-TERM DEBT Short-term borrowings are primarily from banks and are represented by overdrafts and short-term notes, principally of 90 days maturity and bearing interest at an average annual rate of approximately 1.33% and 1.88% at March 31, 2007 and 2006, respectively. The Company has had no difficulty in renewing such notes upon maturity.
14 Long-term debt at March 31, 2008 and 2007 consisted of the following: Unsecured bonds, payable in yen, due in 2009, with interest at 1.66% 1,500 1,500 $ 14,971 Unsecured loans from banks, insurance companies and other financial institutions, due from 2006 to 2013, with interest at 0.87% % 7,267 10,060 72,532 8,767 11,560 87,503 Less: current portion of long-term debt (2,903) (3,193) (28,975) 5,864 8,367 $ 58,528 Substantially all of the loans from banks are made under basic agreements that are customary in Japan. These agreements provide that with respect to all present and future liabilities to the banks the Company shall provide collateral or a third-party guarantee at the request of any such bank, that any collateral provided under any agreement will be applicable to all indebtedness to the bank and that lending banks have the right to offset deposits with them against any debt or obligation that becomes due and, in case of default or certain other specified events, against all debts payable to the banks. The aggregate annual maturities of long-term debt outstanding at March 31, 2008, were as follows: March 31, ,403 $ 43, ,612 16, ,059 10, ,058 10, ,338 8,767 $ 87,504 The following assets were pledged as collateral for dept of the investing customer, at March 31, 2008 and Investments in securities $ NET ASSETS According to the Accounting Standard for Presentation of Net Assets in the Balance sheet, net assets comprises four subsections, which are the shareholders equity, accumulated gains (losses) from revaluation and translation adjustments, subscription rights to shares and minority interests. Japanese Corporate Law ( the Law ) became effective on May 1, 2006, replacing the Japanese Commercial Code ( the Code ). Under the Japanese laws and regulations, the entire amount paid for new shares is required to be designated as common stock. However, a company may, by a resolution of the Board of Directors, designate an amount not
15 exceeding one-half of the price of the new shares as additional paid-in capital, which is included in capital surplus. Under the Law, in cases where dividend distribution of surplus is made, the smaller of an amount equal to 10% of the dividend and the excess, if any, of 25% of common stock over the total of additional paid-in capital and legal earnings reserve must be set aside as additional paid-in capital or legal earnings reserve. Legal earnings reserve is included in retained earnings in the accompanying non-consolidated balance sheets. Under the Code, companies were required to set aside an amount equal to at least 10% of cash dividends and other cash appropriations as legal earnings reserve until the total of legal earnings reserve and additional paid-in capital equaled 25% of common stock. Under the Code, legal earnings reserve and additional paid-in capital could be used to eliminate or reduce a deficit by a resolution of the shareholders meeting or could be capitalized by a resolution of the Board of Directors. Under the Law, both of these appropriations generally require a resolution of the shareholders meeting. Additional paid-in capital and legal earnings reserve may not be distributed as dividends. Under the Code, however, additional paid-in capital and legal earnings reserve may be transferred to retained earnings by the resolution of the shareholders meeting as long as the total amount of legal earnings reserve and additional paid-in capital remains equal to or greater than 25% of common stock. Under the Law, all additional paid-in capital and all legal earnings reserve may be transferred to other capital surplus and retained earnings, respectively, which are potentially available for dividends. The maximum amount that the Company can distribute as dividends is calculated based on the non-consolidated financial statements of the Company in accordance with the law. On June 25, 2008, the Company s shareholders approved the payment of year-end cash dividends totaling 214 million (US$2,136 thousand) to the Company s shareholders of record at March 31, INCOME TAXES The following table summarizes the significant differences between the aggregate statutory income tax rate and the effective income tax rate for financial statement purposes for the years ended March 31, 2008 and 2007: Statutory income tax rate 40.6% 40.6% Permanent nondeductible expenses Permanent nontaxable income (2.5) (6.6) Per capita inhabitants tax Valuation allowance 0.4 (39.7) Other Effective income tax rate 44.9 % 17.2 %
16 Significant components of deferred tax assets and liabilities at March 31, 2008 and 2007 were as follows: Deferred tax assets: Accured expenses $ 6,448 Accrued pension and severance costs ,999 Devaluation of costs of uncompleted contracts ,707 Allowance for doubtful receivables ,387 Devaluation of investments in subsidiaries Devaluation of golf memberships Impairment loss Net operating loss carryforwards Devaluation of investments in subsidiaries - 1,169 - Loss on construction contracts on the percentage-of-completion method Allowance for loss on construction contracts Other ,707 Subtotal 1,955 3,716 19,513 Less - valuation allowance (328) (382) (3,274) Total deferred tax assets 1,627 3,334 16,239 Deferred tax liabilities: Unrealized holding gains on investments in securities (1,095) (3,395) (10,929) Reserve for deferred gains on sales of fixed assets (33) (39) (329) Unrealized holding gains and losses on investment securities - (9) - Total deferred tax liabilities (1,128) (3,443) (11,258) Net deferred tax liabilities 499 (109) $ 4,981
17 Net deferred tax assets at March 2008 and 2007, respectively, were included in the non-consolidated balance sheets as follows: Deferred tax assets (Current Assets) 869 1,105 $ 8,674 Deferred tax assets (Investments and Other Assets) Deferred tax liabilities (Current Liabilities) (370) (1,214) (3,693) 499 (109) $ 4, CONTINGENT LIABILITIES The Company was contingently liable as of March 31, 2008 as guarantor for borrowings of 2,733 million (US$27,278 thousand) by certain employees, subsidiaries and the others. 9. LEASES (a) Finance leases Information relating to finance leases, except those for which the ownership of the leased assets is considered to be transferred to lessee, was as follows: Original lease obligations* ,360 Payments made ,034 Payments remaining* ,326 *Including assumed future interest Payments due within one year ,078 Payments due after one year , ,326 Lease payments under such leases for the years ended March 31, 2008 and 2007 were 102 million (US$1,018 thousand) and 101 million, respectively. (b) Operating leases Future minimum lease payments subsequent to March 31, 2008 for operating leases are summarized as follows: Payments due within one year 8 8 $ 80 Payments due after one year $ 230 Since there is no impairment loss on leases, this information is not disclosed.
Consolidated Balance Sheets Osaka Gas Co., Ltd. and Consolidated Subsidiaries March 31, 2010 and 2011
Consolidated Balance Sheets Osaka Gas Co., Ltd. and Consolidated Subsidiaries March 31, 2010 and 2011 Assets Fixed Assets Property, plant and equipment (Note 9) Production facilities 90,195 84,785 $ 1,019,663
More informationFinancial Section Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows Years Ended March 31, 2004 and Cash flows from operating activities: Income before income taxes and other items Adjustments to reconcile income before income taxes
More informationFinancial Section Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows Years Ended March 31, and Cash flows from operating activities: Income before income taxes and other items Adjustments to reconcile income before income taxes and
More informationConsolidated Balance Sheets Mitsui O.S.K. Lines, Ltd. March 31, 2007 and 2006
Consolidated Balance Sheets Mitsui O.S.K. Lines, Ltd. March 31, 2007 and 2006 ASSETS Current assets: Cash and cash equivalents......................................... 51,383 60,267 $ 435,265 Marketable
More informationNotes to Consolidated Financial Statements Years ended March 31, 2002, 2001 and 2000
Notes to Consolidated Financial Statements Years ended March 31, 2002, 2001 and 2000 1. Basis of financial statements Sumitomo Realty & Development Co., Ltd. (the Company ), and its consolidated domestic
More informationConsolidated Balance Sheets
Consolidated Balance Sheets (March 31, 2009 and 2010) (Note 1) 2009 2010 2010 ASSETS Cash and due from banks (Note 3, 4, 12 and 19) 125,465 151,438 $ 1,628 Call loans and bills purchased (Note 19) 23,569
More informationTHE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 31st March, 2004 and ASSETS
THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 31st March, 2004 and 2005 ASSETS LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS' EQUITY Current Assets: Current Liabilities:
More informationConsolidated Financial Statements KYUDENKO CORPORATION. Years ended March 31, 2004 and 2003 with Report of Independent Auditors
Consolidated Financial Statements KYUDENKO CORPORATION Years ended March 31, 2004 and 2003 with Report of Independent Auditors Report of Independent Auditors The Board of Directors KYDENKO CORPORATION
More informationCONSOLIDATED BALANCE SHEET
MODEC, INC. and Subsidiaries CONSOLIDATED BALANCE SHEET June 30, 2005 A S S E T S Japanese yen CURRENT ASSETS: Cash and time deposits 10,529,955 $ 95,182 Accounts receivable trade 12,063,379 109,043 Inventories
More informationFinancial Section Consolidated Balance Sheets
Financial Section Consolidated Balance Sheets For more details about the financial information contained in this annual report, please refer to the financial information that has been made public on the
More informationFinancial Information 2018 CONTENTS
Financial Information CONTENTS Consolidated Balance Sheets P. 1 Consolidated Statements of Income P. 3 Consolidated Statements of Comprehensive Income P. 3 Consolidated Statements of Changes in Net Assets
More informationConsolidated Balance Sheets
Consolidated Balance Sheets ANRITSU CORPORATION AND CONSOLIDATED SUBSIDIARIES March 31, 2005 and 2004 (Note 1) 2005 2004 2005 ASSETS Current assets: Cash 31,845 32,830 $ 296,729 Marketable securities (Note
More informationNotes to Consolidated Financial Statements
ANRITSU CORPORATION AND CONSOLIDATED SUBSIDIARIES Years ended March 31, 2010, 2009 and 2008 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated financial statements of
More informationConsolidated Financial Statements
Consolidated Financial Statements Mitsui E&S Holdings Co., Ltd. and Consolidated Subsidiaries For the Years ended March 31, and Together with Independent Auditor s Report Financial Data Consolidated Balance
More informationConsolidated Balance Sheets
42 CONTENTS Consolidated Balance Sheets Mazda Motor Corporation and Consolidated Subsidiaries March 31, 2015 and 2014 (Note 1) ASSETS 2015 2014 2015 Current assets: Cash and cash equivalents 529,148 479,754
More informationCONSOLIDATED FINANCIAL STATEMENTS
TSUBAKIMOTO CHAIN CO. and Consolidated Subsidiaries CONSOLIDATED FINANCIAL STATEMENTS Year Ended March 31, 2017 with Independent Auditor s Report Consolidated Balance Sheet TSUBAKIMOTO CHAIN CO. and Consolidated
More informationSee accompanying notes. Consolidated Balance Sheets The Kiyo Bank, Ltd. and its consolidated subsidiaries As of March 31, 2018 and 2017
Consolidated Balance Sheets The Kiyo Bank, Ltd. and its consolidated subsidiaries As of March 31, 2018 and 2017 U.S. dollars (Note 1) Assets: Cash and due from banks (Note 3) 621,370 671,707 $ 5,848,738
More informationFinancial Section Consolidated Balance Sheets
Financial Section Consolidated Balance Sheets For more details about the financial information contained in this annual report, please refer to the financial information that has been made public on the
More informationSee accompanying notes.
THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 31st March, 2005 and 2006 ASSETS LIABILITIES, MINORITY INTERESTS AND SHAREHOLDERS' EQUITY Current Assets: Current Liabilities:
More informationNotes to Consolidated Financial Statements
01 Mazda Motor Corporation and Consolidated Subsidiaries 1 BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated financial statements of Mazda Motor Corporation (the Company
More informationConsolidated Balance Sheets SUBARU CORPORATION AND CONSOLIDATED SUBSIDIARIES As of March 31, 2017 and 2016
Consolidated Balance Sheets 112.2 SUBARU CORPORATION AND CONSOLIDATED SUBSIDIARIES As of March 31, 2017 and 2016 U.S. dollars (Note 1) ASSETS Current assets: Cash and deposits (Note 4 and 5) 658,822 507,553
More informationMODEC, INC. and Subsidiaries. Consolidated Financial Statements As of December 31, 2003 and 2002
MODEC, INC. and Subsidiaries Consolidated Financial Statements As of December 31, 2003 and 2002 MODEC, INC. and Subsidiaries CONSOLIDATED BALANCE SHEETS December 31, 2003 and 2002 A S S E T S Japanese
More informationTSUBAKIMOTO CHAIN CO.
TSUBAKIMOTO CHAIN CO. and Consolidated Subsidiaries CONSOLIDATED FINANCIAL STATEMENTS Years ended March 31, 2015 and 2014, with Report of Independent Auditors 2 Consolidated Balance Sheet TSUBAKIMOTO CHAIN
More informationCONSOLIDATED BALANCE SHEET
MODEC, INC. and Subsidiaries CONSOLIDATED BALANCE SHEET June 30, 2004 A S S E T S Japanese yen U.S. dollars CURRENT ASSETS: Cash and time deposits 9,699,780 $ 89,457 Accounts receivable trade 16,590,764
More informationMODEC, INC. and Consolidated Subsidiaries. Consolidated Financial Statements As of December 31, 2006 and 2005
MODEC, INC. and Consolidated Subsidiaries Consolidated Financial Statements As of December 31, 2006 and 2005 MODEC, INC. and Consolidated Subsidiaries CONSOLIDATED BALANCE SHEETS December 31, 2006 and
More informationTHE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT Years ended March 31, 2013 and 2012 ASSETS THE KINKI SHARYO CO., LTD. AND CONSOLIDATED
More informationNotes to Consolidated Financial Statements Hitachi Chemical Co., Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2005, 2004 and 2003
Notes to Consolidated Financial Statements Hitachi Chemical Co., Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2005, 2004 and 2003 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT
More informationNOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Seven & i Holdings Co., Ltd. and its consolidated subsidiaries 1. Basis of Presentation of Consolidated Financial Statements The accompanying Consolidated Financial
More informationVitec Co., Ltd. Non-consolidated Financial Statements for the Years Ended March 31, 2008 and 2007, and Independent Auditors' Report
Vitec Co., Ltd. Non-consolidated Financial Statements for the Years Ended March 31, 2008 and 2007, and Independent Auditors' Report INDEPENDENT AUDITORS' REPORT To the Board of Directors of Vitec Co.,
More informationConsolidated Financial Statements
Consolidated Financial Statements MODEC, INC. and Consolidated Subsidiaries For the Years ended December 31, 2014 and 2013 Together with Independent Auditor s Report MODEC, INC. and Consolidated Subsidiaries
More informationConsolidated Financial Statements Meisei Industrial Co., Ltd. and Consolidated Subsidiaries
Consolidated Financial Statements Meisei Industrial Co., Ltd. and Consolidated Subsidiaries Year ended March 31, with Independent Auditor s Report Meisei Industrial Co., Ltd. and Consolidated Subsidiaries
More informationConsolidated Financial Statements. MODEC, INC. and Consolidated Subsidiaries
Consolidated Financial Statements MODEC, INC. and Consolidated Subsidiaries For the years ended December 31, 2015 and 2014 MODEC, INC. and Consolidated Subsidiaries CONSOLIDATED BALANCE SHEETS December
More informationConsolidated Financial Review
Consolidated Financial Review Fiscal year 2000, ended March 31, 2001, was notable for the major restructuring actions taken in the year associated with the launch of Mazda s mid-term Millennium Plan. Financial
More informationCHUGOKU MARINE PAINTS, LTD. Consolidated Financial Statements for the years ended March 31, 2017 and 2016
CHUGOKU MARINE PAINTS, LTD. Consolidated Financial Statements for the years ended Consolidated Balance Sheets U.S. Dollars (Note 4) ASSETS Current assets: Cash on hand and in banks (Notes 17 and 19) 36,918
More informationSAKATA INX CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SAKATA INX CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of Presenting Consolidated Financial Statements The accompanying consolidated financial statements of SAKATA INX CORPORATION (the
More informationSAKATA INX CORPORATION CONSOLIDATED BALANCE SHEETS Years ended December 31, 2016 and 2015
SAKATA INX CORPORATION CONSOLIDATED BALANCE SHEETS Years ended December 31, 2016 and 2015 ASSETS Current assets: Cash and deposits (Note 6) 9,297 7,889 Notes and accounts receivable - trade (Notes 5, 6
More informationCautionary Statement with Regard to Forward-Looking Statements
- Cautionary Statement with Regard to Forward-Looking Statements In this semi-annual report, all non-empirical information, including current plants, forecasts, strategies, assurances and other matters,
More informationONOKEN CO., LTD. and Consolidated Subsidiaries. Consolidated Balance Sheets
ONOKEN CO., LTD. and Consolidated Subsidiaries Consolidated Balance Sheets March 31, 2009 2008 2009 (Millions of yen) (Thousands of U.S. dollars) (Note 1) Assets Current assets: Cash and time deposits
More informationTHE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT Years ended March 31, 2014 and 2013 ASSETS THE KINKI SHARYO CO., LTD. AND CONSOLIDATED
More informationCautionary Statement with Regard to Forward-Looking Statements
- Cautionary Statement with Regard to Forward-Looking Statements In this semi-annual report, all non-empirical information, including current plants, forecasts, strategies, assurances and other matters,
More informationSekisui Chemical Integrated Report Financial Section. Financial Section
Sekisui Chemical Integrated Report 2018 Financial Section Financial Section 77 Financial Highlights (6 years) 78 Consolidated Financial Statements 78 Consolidated Balance Sheet 80 Consolidated Statement
More informationAnnual Report
Annual Report 2014 2014 Financial Highlights Report of independent Auditors Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Comprehensive Income Consolidated Statements
More informationContents. Consolidated Balance Sheets Consolidated Statements of Income...4. Consolidated Statements of Changes in Equity...
Contents Consolidated Balance Sheets...2 3 Consolidated Statements of Income...4 Consolidated Statements of Changes in Equity...5 6 Consolidated Statements of Cash Flow...7 SUMIKIN BUSSAN CORPORATION and
More informationQuarterly Consolidated Balance Sheets (Unaudited)
Quarterly Consolidated Balance Sheets (Unaudited) 31 March 2016 30 September 2016 30 September 2016 ASSETS Current assets: Cash and cash equivalents 16,922 21,251 $ 210,406 Short-term investments 794 786
More informationConsolidated Balance Sheets
Consolidated Balance Sheets TEIJIN LIMITED As of March 31, and (Note 1) ASSETS Current assets: Cash and time deposits (Notes 3 and 4) 33,135 45,719 $ 380,453 Receivables: Notes and accounts receivable
More informationConsolidated Financial Statements
Consolidated Financial Statements For the Year Ended March 31, 2017 (April 1, 2016 March 31, 2017) ALPS ELECTRIC CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEET ALPS ELECTRIC CO., LTD.
More informationNotes to Financial Statements
Showa Denko K.K. and Consolidated Subsidiaries 1. BASIS OF REPORTING FINANCIAL STATEMENTS The accompanying consolidated financial statements have been prepared in accordance with accounting principles
More informationMODEC, INC. and Consolidated Subsidiaries. Consolidated Financial Statements As of December 31, 2007 and 2006
MODEC, INC. and Consolidated Subsidiaries Consolidated Financial Statements As of December 31, 2007 and 2006 MODEC, INC. and Consolidated Subsidiaries CONSOLIDATED BALANCE SHEETS December 31, 2007 and
More informationNOTES TO CONSOLIDATED FINANCIAL STATEMENTS Hitachi Chemical Co., Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2006, 2005 and 2004
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Hitachi Chemical Co., Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2006, 2005 and 2004 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT
More informationRESORTTRUST, INC. and Consolidated Subsidiaries Notes to Consolidated Financial Statements 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated financial statements of
More informationNotes to Consolidated Financial Statements SUMITOMO OSAKA CEMENT CO., LTD. AND CONSOLIDATED SUBSIDIARIES March 31, 2014 and 2015
Notes to Financial Statements SUMITOMO OSAKA CEMENT CO., LTD. AND CONSOLIDATED SUBSIDIARIES March 31, and 1. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS Sumitomo Osaka Cement Co., Ltd. (the
More informationSekisui Chemical Integrated Report Financial Section
Sekisui Chemical Integrated Report 2017 Financial Section Financial Section 77 Financial Highlights (6 years) 78 Consolidated Financial Statements 78 Consolidated Balance Sheet 80 Consolidated Statement
More informationNotes to Financial Statements
Notes to Financial Statements Showa Denko K.K. and Consolidated Subsidiaries 1. BASIS OF REPORTING AND FINANCIAL STATEMENTS The accompanying consolidated financial statements have been prepared in accordance
More information(5) Short-term borrowings and Long-term Debt. (6) Advances on Contracts in Progress. (7) Accrued Severance Indemnities and Pension Plan
(5) Short-term borrowings and Long-term Debt Bank loans at March 31, 2000 were represented generally by 30 to 365-days notes payable to banks, bearing an annual interest rate from 0.670% to 1.990%. Long-term
More informationANNUAL REPORT 2017 FINANCIAL INFORMATION
ANNUAL REPORT 2017 FINANCIAL INFORMATION Consolidated Balance Sheets and subsidiaries March 31, 2017 and 2016 Assets Current Assets: Cash and deposits (Notes 2 and 18) 105,388 149,672 Notes and accounts
More informationConsolidated Financial Statements KYUDENKO CORPORATION. Years ended March 31, 2009 and 2008 with Report of Independent Auditors
Consolidated Financial Statements KYUDENKO CORPORATION Years ended March 31, 2009 and 2008 with Report of Independent Auditors KYUDENKO CORPORATION and Consolidated Subsidiaries Consolidated Balance Sheets
More informationONOKEN CO., LTD. and a Consolidated Subsidiary. Consolidated Balance Sheets
ONOKEN CO., LTD. and a Consolidated Subsidiary Consolidated Balance Sheets Assets Current assets: September 30, 2007 2006 2007 (Millions of Yen) (Thousands of U.S. Dollars) (Note 1) Cash and time deposits
More informationNotes to Consolidated Financial Statements Sakata Inx Corporation and Consolidated Subsidiaries
Notes to Consolidated Financial Statements Sakata Inx Corporation and Consolidated Subsidiaries 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS Sakata Inx Corporation (the Company ) and its consolidated
More informationNotes to Financial Statements
Notes to Financial Statements Showa Denko K.K. and Consolidated Subsidiaries 1. BASIS OF REPORTING AND FINANCIAL STATEMENTS The accompanying consolidated financial statements have been prepared in accordance
More informationAnnual Report Financial Information
Annual Report 2015 Financial Information Consolidated Balance Sheets Terumo Corporation and subsidiaries March 31, 2015 and 2014 Assets Current Assets: Cash and deposits (Notes 2 and 18) 129,679 95,619
More informationConsolidated Financial Statements KYUDENKO CORPORATION. Years ended March 31, 2017 and 2016
Consolidated Financial Statements KYUDENKO CORPORATION Years ended March 31, 2017 and 2016 KYUDENKO CORPORATION Consolidated Balance Sheet March 31, (Thousands of (Note 4) Assets Current assets: Cash
More informationTEIKOKU ELECTRIC MFG. CO., LTD. Consolidated Financial Statements for the Year Ended March 31, 2016 and Independent Auditor's Report
TEIKOKU ELECTRIC MFG. CO., LTD. Consolidated Financial Statements for the Year Ended March 31, 2016 and Independent Auditor's Report TEIKOKU ELECTRIC MFG. CO., LTD. Consolidated Balance Sheet March 31,
More informationSATORI ELECTRIC CO., LTD. and Consolidated Subsidiaries Years ended May 31
By maintaining a constant grasp of the precise needs of the market, the Satori Group centered on SATORI ELECTRIC CO., LTD. has served as an efficient distribution channel between manufacturers and users
More informationConsolidated Financial Statements Consolidated Balance Sheets
Data Section 76 Consolidated Financial Statements 76 Consolidated Balance Sheets 78 Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income 79 Consolidated Statements
More informationCONSOLIDATED FINANCIAL STATEMENTS NS Solutions Corporation and Consolidated Subsidiaries March 31, 2008
CONSOLIDATED FINANCIAL STATEMENTS March 31, 2008 Contents: Consolidated Balance Sheets........1 Consolidated Statements of Income. 3 Consolidated Statements of Net Assets......4 Consolidated Statements
More informationVitec Co., Ltd. and Consolidated Subsidiaries
Vitec Co., Ltd. and Consolidated Subsidiaries Consolidated Financial Statements for the Years Ended March 31, 2005 and 2004, and Independent Auditors' Report INDEPENDENT AUDITORS' REPORT To the Board of
More informationFinancial Results for the fiscal year ended March 31, 2018 (Consolidated)
Financial Review Financial Results for the fiscal year ended March 31, 2018 (Consolidated) The Norinchukin Bank s ( the Bank ) financial results on a consolidated basis as of March 31, 2018 include the
More informationAnnual Report 2015 Fiscal year ended March 31, 2015
Annual Report 2015 Fiscal year ended March 31, 2015 CONTENTS FINANCIAL HIGHLIGHTS 1 REPORT OF INDEPENDENT AUDITORS 2 CONSOLIDATED BALANCE SHEETS 3 CONSOLIDATED STATEMENTS OF INCOME 5 CONSOLIDATED STATEMENTS
More informationNotes to Consolidated Financial Statements
Kobe Steel, Ltd. and Consolidated Subsidiaries Notes to Consolidated Financial Statements Years ended March 31, 2002 and 2001 1. Basis of Presenting Consolidated Financial Statements Kobe Steel, Ltd. (the
More informationONOKEN CO., LTD. and a Consolidated Subsidiary. Consolidated Balance Sheets
ONOKEN CO., LTD. and a Consolidated Subsidiary Consolidated Balance Sheets March 31, 2007 2006 2007 (Millions of yen) (Thousands of U.S. dollars) (Note 1) Assets Current assets: Cash and time deposits
More informationFinancial Performance (Consolidated)
Financial Performance (Consolidated) Operating Results Net Sales Net sales totaled 212,957 million (US$2,004 million), up 487 million, or 0.2%, year on year. This was due to higher sales in the Industrial
More informationTrusco Nakayama Corporation. Financial Statements for the Years Ended March 31, 2006 and 2005, and Independent Auditors' Report
Trusco Nakayama Corporation Financial Statements for the Years Ended March 31, 2006 and 2005, and Independent Auditors' Report INDEPENDENT AUDITORS' REPORT To the Board of Directors of Trusco Nakayama
More informationThe Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2016 and 2017
The Awa Bank, Ltd. Consolidated Financial Statements Years ended March 31, 2016 and 2017 Consolidated Balance Sheets Thousands of U.S. dollars (Note 1) 2016 2017 2017 Assets Cash and due from banks (Notes
More information1. Basis of Presenting the Consolidated Financial Statements
1. Basis of Presenting the Consolidated Financial Statements The accompanying consolidated financial statements of THE NIPPON ROAD CO., LTD. (the Company ) and its consolidated subsidiaries (hereinafter
More informationNotes to the Consolidated Financial Statements 1. Basis of Presenting Financial Statements (d) Allowance for Doubtful Accounts (e) Inventories
Notes to the Consolidated Financial Statements Konica Minolta Holdings, Inc. and Consolidated Subsidiaries For the fiscal years ended March 31, 2008 and 2007 1. Basis of Presenting Financial Statements
More informationNotes to Consolidated Financial Statements
Kobe Steel, Ltd. and Consolidated Subsidiaries Notes to Consolidated Financial Statements Years ended March 31, 2001 and 2000 1. Basis of Presenting Consolidated Financial Statements Kobe Steel, Ltd. (the
More informationReport of Independent Auditors
Report of Independent Auditors The Board of Directors JALUX Inc. We have audited the accompanying consolidated balance sheets of JALUX Inc. and consolidated subsidiaries as of 2009 and 2008, and the related
More informationYEAR ENDED MARCH 31, 2011 ICOM INCORPORATED
YEAR ENDED MARCH 31, 2011 ICOM INCORPORATED Financial Highlights ICOM INCORPORATED AND SUBSIDIARIES Years ended March 31, 2011, 2010 and 2009 2011 2010 2009 2011 Net sales 22,540 23,640 29,575 $ 271,109
More informationConsolidated Financial Statements Toho Zinc Co., Ltd. and Consolidated Subsidiaries
Consolidated Financial Statements Toho Zinc Co., Ltd. and Consolidated Subsidiaries For the year ended March 31, 2018 with Independent Auditor s Report Toho Zinc Co., Ltd. and Consolidated Subsidiaries
More informationConsolidated Balance Sheet Keihan Holdings Co., Ltd. and Consolidated Subsidiaries 31 March 2018
ASSETS CURRENT ASSETS: Consolidated Balance Sheet Keihan Holdings Co., Ltd. and Consolidated Subsidiaries 31 March U.S. Dollars (Note 1) 2017 Cash and deposits (Notes 8, 19 and 20) 20,317 18,372 $ 191,239
More informationBALANCE SHEET. CHORI CO., LTD. (As of March 31, 2006) ASSETS. AMOUNT Thousands of U.S. Dollars ITEM. Millions of Japanese Yen
BALANCE SHEET (As of March 31, 2006) ASSETS ITEM (ASSETS) Current Assets 46,974 399,883 Cash in Hand and at Banks 3,884 33,066 Deposit at Parent Company 4,500 38,307 Notes Receivable 5,276 44,916 Accounts
More informationUNIDEN CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 31st March, 2005
UNIDEN CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 31st March, 2005 1. Basis of Preparation UNIDEN CORPORATION (the "Company") and its consolidated subsidiaries maintain their accounting records
More informationConsolidated Balance Sheets Consolidated Statements of Income...4. Consolidated Statements of Changes in Equity...5 6
Contents Consolidated Balance Sheets...2 3 Consolidated Statements of Income...4 Consolidated Statements of Changes in Equity...5 6 Consolidated Statements of Cash Flows...7 Notes to Consolidated Financial
More informationNotes to Consolidated Financial Statements
Notes to Consolidated Financial Statements Years Ended March 31, and 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated financial statements have been prepared in accordance
More informationTHE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT
THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT Years ended March 31, 2018 and 2017 ASSETS THE KINKI SHARYO CO., LTD. AND CONSOLIDATED
More informationConsolidated Financial Statements
Consolidated Financial Statements Consolidated Five Year Summary Penta Ocean Construction Co., Ltd. and Consolidated Subsidiaries Fiscal years ended March 31 Net sales Construction Development business
More information- 21 -
- 21 - Consolidated Balance Sheet Tokyu Fudosan Holdings Corporation Yen (millions) U.S. dollars (thousands) (Note 2) Account title As of March 31, 2014 As of March 31, 2014 Assets Current assets Cash
More informationConsolidated Balance Sheet
Consolidated Balance Sheet Shimizu Corporation and its subsidiaries ASSETS Current Assets: The accompanying notes are an integral part of these financial statements. (Note 2) Cash (Notes 9 and 10.2)) 189,167
More informationNOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Asahi Group Holdings, Ltd. and Consolidated Subsidiaries 1. Basis of Presenting Consolidated Financial Statements The accompanying consolidated financial statements
More informationConsolidated Balance Sheet Keihan Holdings Co., Ltd. and Consolidated Subsidiaries 31 March 2016
ASSETS CURRENT ASSETS: Cash and deposits (Notes 9, 20 and 21) 25,072 26,600 $ 222,507 Notes and accounts receivable (Note 21) 23,702 30,892 210,348 Short-term investments (Notes 5 and 21) 2,188 352 19,418
More informationF I N A N C I A L D ATA
CHAPTER 5 FINANCIAL DATA Consolidated Financial Review Report of Independent Auditors 76 1. Consolidated Balance Sheets 77 2. Consolidated Statements of Operations 78 3. Consolidated Statements of Cash
More information2
Consolidated Financial Statements NHK Spring Co., Ltd. and Consolidated Subsidiaries For the years ended March 31, 2017 and 2016 with Independent Auditor s Report 1 2 NHK Spring Co., Ltd. and Consolidated
More informationConsolidated Balance Sheets
Consolidated Balance Sheets Terumo Corporation and subsidiaries March 31, 2013 and 2012 Assets Current Assets: Cash and deposits (Notes 2 and 17).................................... 78,201 78,767 Notes
More informationNotes to Consolidated Financial Statements
1. Basis of Presenting Consolidated Financial Statements The accompanying consolidated financial statements of CASIO COMPUTER CO., LTD. ( the Company ) and its consolidated subsidiaries have been prepared
More informationConsolidated Financial Statements
Consolidated Balance Sheets The Nanto Bank, Ltd. and Consolidated Subsidiaries as of March 31, and 2017 (Note 1) Assets: Cash and due from banks (Notes 17 and 19)... 820,151 736,472 $ 7,719,794 Call loans
More informationConsolidated Financial Statements. FANCL CORPORATION and Consolidated Subsidiaries. Year ended March 31, 2015 with Independent Auditor s Report
Consolidated Financial Statements FANCL CORPORATION and Consolidated Subsidiaries Year ended 2015 with Independent Auditor s Report FANCL CORPORATION and Consolidated Subsidiaries Consolidated Balance
More informationABC-MART, INC. Annual Report 2015 For the year ended February 28, 2015
ABC-MART, INC. Annual Report 2015 For the year ended February 28, 2015 Contents 1 Consolidated Balance Sheets 3 Consolidated Statements of Income 5 Consolidated Statements of Comprehensive Income 6 Consolidated
More informationJapan Display Inc. Consolidated Financial Statements March 31, 2018
Japan Display Inc. Consolidated Financial Statements March 31, 2018 Consolidated Balance Sheets March 31, 2017 and 2018 (1) Consolidated Balance Sheets Mar. 31, 2017 Mar. 31, 2018 Mar. 31, 2018 Assets
More informationCONSOLIDATED BALANCE SHEETS JSR Corporation and Consolidated Subsidiaries As at March 31, 2016 and 2017
07 CONSOLIDATED BALANCE SHEETS JSR Corporation and Consolidated Subsidiaries As at March 31, 2016 and 2017 (Note 1) ASSETS Current assets: Cash and deposits (Notes 3, 5 and 7) 52,081 98,933 $ 881,835 Notes
More informationFinancial Section. Consolidated Financial Statements Notes Report of Independent Auditors... 83
Financial Section Consolidated Financial Statements... 56 Notes... 62 Report of Independent Auditors... 83 55 Consolidated Financial Statements CONSOLIDATED BALANCE SHEETS Mizuho Securities Co., Ltd. and
More information