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Financial Statements

Balance Sheets

Assets

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Current assets
Cash and deposits 39,131 35,355 34,229 33,844 26,112
Notes and accounts receivables-trade 41,623 39,730 38,109 37,456 34,397
Merchandise and finished goods 42,081 43,514 38,381 38,119 42,964
Work in process 13,315 13,627 10,701 11,448 12,161
Raw materials and supplies 9,799 9,035 7,928 8,737 10,608
Accounts receivable-other 3,753 3,679 3,537 3,116 5,406
Deferred tax assets 4,966 3,992 - - -
Other 6,466 6,250 6,589 7,419 7,790
Allowance for doubtful accounts -1,488 -1,260 -1,206 -1,153 -1,317
Total current assets 159,649 153,925 138,271 138,989 138,123
(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Non-current assets
Property, plant and equipment
Buildings and structures 70,424 72,678 72,303 71,913 72,189
Machinery, equipment and vehicles 80,454 83,501 80,147 81,388 78,307
Tools, furniture and fixtures 30,654 31,297 30,419 31,772 32,278
Other 2,983 2,908 1,766 1,820 7,183
Accumulated depreciation -140,016 -144,359 -145,116 -148,177 -146,873
Land 48,674 48,945 49,199 48,998 48,522
Construction in progress 1,758 1,026 779 924 2,434
Total property, plant and equipment 94,934 95,998 89,498 88,640 94,044
Intangible assets
Goodwill 7,663 7,298 9,149 8,289 7,430
Other 8,262 9,038 8,887 8,957 8,572
Total intangible assets 15,925 16,336 18,036 17,247 16,003
Investments and other assets
Investment securities 42,407 48,131 46,774 45,913 38,759
Retirement benefit asset 479 - - - -
Deferred tax assets 8,966 8,060 4,015 4,243 4,441
Other 6,952 6,583 8,908 8,165 8,734
Allowance for doubtful accounts -199 -178 -208 -163 -115
Total Investments and other assets 58,606 62,596 59,490 58,159 51,820
Total non-current assets 169,466 174,931 167,025 164,047 161,867
Total assets 329,115 328,857 305,297 303,036 299,990

Liabilities

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Current liabilities
Notes and accounts payable-trade 24,267 21,196 24,921 26,449 21,869
Electronically recorded obligations - operating 7,766 7,021 7,956 6,438 6,495
Short-term borrowings 39,565 49,468 49,916 49,610 59,140
Current portion of long-term borrowings 35,342 30,038 21,476 19,698 16,843
Accounts payable-other 15,442 13,311 12,598 12,402 11,739
Income taxes payable 1,851 936 1,275 1,281 1,282
Deferred tax liabilities 19 20 - - -
Provision for bonuses 4,054 3,995 3,534 3,644 3,477
Provision for goods warranties 468 432 445 440 462
Provision for loss on lease contracts - - 348 348 348
Other provisions - - 350 444 555
Asset retirement obligations 16 0 51 - 13
Other 10,994 10,345 11,589 12,213 13,929
Total current liabilities 139,789 136,767 134,467 132,972 136,158
(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Non-current liabilities
Long-term borrowings 49,811 54,055 40,075 35,106 33,637
Lease obligations - - - 1,246 4,288
Deferred tax liabilities 9,232 7,381 2,521 2,451 1,929
Deferred tax liabilities for land revaluation 3,614 3,614 3,614 3,614 3,614
Provision for loss on lease contracts - - 1,832 1,483 1,134
Provision for gift certificate exchange losses - - 157 155 148
Provision for stock benefits - - - 89 133
Provision for long-term goods warranties 84 77 77 82 84
Provision for retirement benefits for directors (and other officers) 72 39 36 36 35
Provision for loss on business withdrawal - - 57 32 10
Provision for environmental measures 244 217 351 349 1
Other provision - - 38 8 7
Retirement benefit liability 17,011 12,428 10,810 10,602 10,453
Asset retirement obligations 459 702 676 888 908
Other 5,898 6,177 5,410 3,501 3,171
Total non-current liabilities 86,633 84,928 65,660 59,647 59,558
Total liabilities 226,423 221,696 200,127 192,620 195,717

Net Assets

(Millions of yen) FY2015 FY2016 FY2017 FY2018 FY2019
Shareholders' equity
Share capital 10,000 10,000 10,000 10,000 10,000
Capital surplus 7,246 7,245 7,245 7,245 7,245
Retained earnings 57,323 59,535 67,975 74,124 74,418
Treasury shares -158 -329 -334 -335 -328
Total shareholders' equity 74,411 76,451 84,886 91,034 91,335
Accumulated other comprehensive income
Valuation difference on available-for-sale securities 10,719 14,962 11,639 10,099 5,486
Deferred gains or losses on hedges -28 39 -294 -104 11
Revaluation reserve for land 8,190 8,190 8,190 8,190 8,190
Foreign currency translation adjustment 1,647 -402 468 878 -804
Remeasurements of defined benefit plans -417 -1,121 -879 -876 -1,169
Total accumulated other comprehensive income 20,110 21,668 19,123 18,186 11,714
Non-controlling interests 8,170 9,042 1,159 1,194 1,223
Total net assets 102,692 107,161 105,170 110,415 104,273
Total liabilities and net assets 329,115 328,857 305,297 303,036 299,990

* The Company has applied "Partial Amendments to Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, February 16, 2018), etc. from the beginning of the first quarter of the fiscal year ending March 31, 2019. Accordingly, total assets, equity capital ratio and return of asset as of March 31, 2018 are presented after reclassification.

Consolidated Balance Sheets for the last five years (viewable as a single download)(EXCEL:40KB)

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