Financial Statements

(Millions of yen)	FY2016	FY2017	FY2018	FY2019	FY2020
Current assets
Cash and deposits	35,355	34,229	33,844	26,112	32,611
Notes and accounts receivables-trade	39,730	38,109	37,456	34,397	37,185
Merchandise and finished goods	43,514	38,381	38,119	42,964	42,365
Work in process	13,627	10,701	11,448	12,161	13,878
Raw materials and supplies	9,035	7,928	8,737	10,608	12,180
Accounts receivable-other	3,679	3,537	3,116	5,406	4,932
Deferred tax assets	3,992	-	-	-	-
Other	6,250	6,589	7,419	7,790	8,306
Allowance for doubtful accounts	-1,260	-1,206	-1,153	-1,317	-1,421
Total current assets	153,925	138,271	138,989	138,123	150,039

(Millions of yen)	FY2016	FY2017	FY2018	FY2019	FY2020
Non-current assets
Property, plant and equipment
Buildings and structures	72,678	72,303	71,913	72,189	74,459
Machinery, equipment and vehicles	83,501	80,147	81,388	78,307	79,098
Tools, furniture and fixtures	31,297	30,419	31,772	32,278	34,183
Other	2,908	1,766	1,820	7,183	8,831
Accumulated depreciation	-144,359	-145,116	-148,177	-146,873	-150,227
Land	48,945	49,199	48,998	48,522	54,409
Construction in progress	1,026	779	924	2,434	2,422
Total property, plant and equipment	95,998	89,498	88,640	94,044	103,177
Intangible assets
Goodwill	7,298	9,149	8,289	7,430	7,336
Other	9,038	8,887	8,957	8,572	8,493
Total intangible assets	16,336	18,036	17,247	16,003	15,830
Investments and other assets
Investment securities	48,131	46,774	45,913	38,759	41,463
Retirement benefit asset	-	-	-	-	391
Deferred tax assets	8,060	4,015	4,243	4,441	2,273
Other	6,583	8,908	8,165	8,734	6,605
Allowance for doubtful accounts	-178	-208	-163	-115	-109
Total Investments and other assets	62,596	59,490	58,159	51,820	50,625
Total non-current assets	174,931	167,025	164,047	161,867	169,632
Total assets	328,857	305,297	303,036	299,990	319,671

(Millions of yen)	FY2016	FY2017	FY2018	FY2019	FY2020
Current liabilities
Notes and accounts payable-trade	21,196	24,921	26,449	21,869	19,310
Electronically recorded obligations - operating	7,021	7,956	6,438	6,495	6,048
Short-term borrowings	49,468	49,916	49,610	59,140	72,611
Current portion of bonds payable	-	-	-	-	350
Current portion of long-term borrowings	30,038	21,476	19,698	16,843	17,315
Accounts payable-other	13,311	12,598	12,402	11,739	9,266
Income taxes payable	936	1,275	1,281	1,282	1,478
Deferred tax liabilities	20	-	-	-	-
Provision for bonuses	3,995	3,534	3,644	3,477	3,634
Provision for goods warranties	432	445	440	462	367
Provision for loss on lease contracts	-	348	348	348	348
Other provisions	213	350	444	555	414
Asset retirement obligations	0	51	-	13	6
Other	10,131	11,589	12,213	13,929	14,528
Total current liabilities	136,767	134,467	132,972	136,158	145,679

(Millions of yen)	FY2016	FY2017	FY2018	FY2019	FY2020
Non-current liabilities
Bonds payable	-	-	-	-	450
Long-term borrowings	54,055	40,075	35,106	33,637	35,263
Lease obligations	-	-	1,246	4,288	4,499
Deferred tax liabilities	7,381	2,521	2,451	1,929	3,346
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	785
Provision for stock benefits	-	-	89	133	161
Provision for gift certificate exchange losses	162	157	155	148	152
Provision for long-term goods warranties	77	77	82	84	86
Provision for retirement benefits for directors (and other officers)	39	36	36	35	35
Provision for loss on business withdrawal	52	57	32	10	-
Provision for environmental measures	217	351	349	1	-
Other provisions	18	38	8	7	21
Retirement benefit liability	12,428	10,810	10,602	10,453	9,402
Asset retirement obligations	702	676	888	908	729
Other	6,177	5,410	3,501	3,171	2,361
Total non-current liabilities	84,928	65,660	59,647	59,558	60,909
Total liabilities	221,696	200,127	192,620	195,717	206,589

(Millions of yen)	FY2016	FY2017	FY2018	FY2019	FY2020
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	59,535	67,975	74,124	74,418	75,909
Treasury shares	-329	-334	-335	-328	-315
Total shareholders' equity	76,451	84,886	91,034	91,335	92,839
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	14,962	11,639	10,099	5,486	10,431
Deferred gains or losses on hedges	39	-294	-104	11	-133
Revaluation reserve for land	8,190	8,190	8,190	8,190	8,190
Foreign currency translation adjustment	-402	468	878	-804	1,055
Remeasurements of defined benefit plans	-1,121	-879	-876	-1,169	-687
Total accumulated other comprehensive income	21,668	19,123	18,186	11,714	18,856
Non-controlling interests	9,042	1,159	1,194	1,223	1,387
Total net assets	107,161	105,170	110,415	104,273	113,082
Total liabilities and net assets	328,857	305,297	303,036	299,990	319,671

* 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.