Financial Statements

Balance Sheets

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Current assets
Cash and deposits	26,112	32,611	30,740	36,324	32,683
Notes and accounts receivable–trade	34,397	37,185	-	-	-
Notes receivable-trade	-	-	2,730	3,062	3,479
Accounts receivable-trade	-	-	35,694	35,187	41,136
Contract assets	-	-	343	397	880
Merchandise and finished goods	42,964	42,365	42,847	49,750	49,683
Work in process	12,161	13,878	16,376	18,117	18,716
Raw materials and supplies	10,608	12,180	13,823	15,908	15,983
Accounts receivable-other	5,406	4,932	4,437	6,577	4,377
Other	7,790	8,306	9,102	9,381	9,173
Allowance for doubtful accounts	-1,317	-1,421	-1,310	-1,297	-1,419
Total current assets	138,123	150,039	154,786	173,410	174,694

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Non-current assets
Property, plant and equipment
Buildings and structures	72,189	74,459	77,046	79,280	82,230
Machinery, equipment and vehicles	78,307	79,098	82,590	86,117	91,948
Tools, furniture and fixtures	32,278	34,183	35,782	39,233	42,617
Other	7,183	8,831	9,909	12,699	15,609
Accumulated depreciation	-146,873	-150,227	-156,227	-163,232	-172,067
Land	48,522	54,409	54,056	54,182	54,144
Construction in progress	2,434	2,422	1,942	2,867	1,553
Total property, plant and equipment	94,044	103,177	105,100	111,149	116,037
Intangible assets
Goodwill	7,430	7,336	6,453	6,901	8,029
Other	8,572	8,493	8,391	8,620	10,159
Total intangible assets	16,003	15,830	14,844	15,522	18,189
Investments and other assets
Investment securities	38,759	41,463	43,536	45,490	56,374
Retirement benefit asset	-	391	773	1,820	1,884
Deferred tax assets	4,441	2,273	2,200	1,923	1,984
Other	8,734	6,605	6,397	6,752	7,247
Allowance for doubtful accounts	-115	-109	-106	-153	-148
Total Investments and other assets	51,820	50,625	52,802	55,833	67,341
Total non-current assets	161,867	169,632	172,747	182,505	201,568
Total assets	299,990	319,671	327,533	355,915	376,262

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Current liabilities
Notes and accounts payable-trade	21,869	19,310	21,027	18,790	21,500
Electronically recorded obligations - operating	6,495	6,048	7,138	6,212	8,085
Short-term borrowings	59,140	72,611	63,709	72,598	64,350
Current portion of bonds payable	-	350	150	300	-
Current portion of long-term borrowings	16,843	17,315	23,719	22,117	21,727
Accounts payable-other	11,739	9,266	11,359	11,344	15,291
Income taxes payable	1,282	1,478	1,546	1,793	4,678
Contract liabilities	-	-	6,574	7,916	8,760
Provision for bonuses	3,477	3,634	4,174	4,879	5,097
Provision for goods warranties	462	367	409	488	552
Provision for loss on lease contracts	348	348	348	348	87
Provision for business restructuring	-	-	136	247	24
Other provisions	555	414	245	367	366
Asset retirement obligations	13	6	-	9	647
Other	13,929	14,528	13,873	14,743	14,289
Total current liabilities	136,158	145,679	154,413	162,157	165,460

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Non-current liabilities
Bonds payable	-	450	300	-	-
Long-term borrowings	33,637	35,263	28,752	37,525	31,674
Lease liabilities	4,288	4,499	4,096	5,667	7,676
Deferred tax liabilities	1,929	3,346	3,069	4,285	6,912
Deferred tax liabilities for land revaluation	3,614	3,614	3,614	3,614	3,614
Provision for stock benefits	133	161	232	538	582
Provision for long-term goods warranties	84	86	90	88	121
Provision for retirement benefits for directors (and other officers)	35	35	19	4	4
Provision for loss on lease contracts	1,134	785	436	87	-
Provision for gift certificate exchange losses	148	152	-	-	-
Provision for loss on business withdrawal	10	-	-	-	-
Provision for environmental measures	1	-	-	-	-
Other provisions	7	21	29	23	23
Retirement benefit liability	10,453	9,402	7,617	6,894	6,135
Asset retirement obligations	908	729	1,070	1,079	494
Other	3,171	2,361	2,166	2,199	2,227
Total non-current liabilities	59,558	60,909	51,494	62,009	59,467
Total liabilities	195,717	206,589	205,908	224,166	224,927

(Millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Shareholders' equity
Share capital	10,000	10,000	10,000	10,000	10,000
Capital surplus	7,245	7,245	7,245	7,245	7,245
Retained earnings	74,418	75,909	79,075	81,520	88,465
Treasury shares	-328	-315	-292	-248	-1,584
Total shareholders' equity	91,335	92,839	96,028	98,517	104,126
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	5,486	10,431	10,942	11,464	17,820
Deferred gains or losses on hedges	11	-133	-331	-9	-74
Revaluation reserve for land	8,190	8,190	8,190	8,190	8,190
Foreign currency translation adjustment	-804	1,055	5,116	10,638	18,290
Remeasurements of defined benefit plans	-1,169	-687	120	992	746
Total accumulated other comprehensive income	11,714	18,856	24,038	31,275	44,974
Non-controlling interests	1,223	1,387	1,557	1,956	2,234
Total net assets	104,273	113,082	121,624	131,748	151,334
Total liabilities and net assets	299,990	319,671	327,533	355,915	376,262