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Financial Statements

Balance Sheets

Assets

(Millions of yen)

FY2013 FY2014 FY2015 FY2016 FY2017
Current assets
Cash and deposits 43,002 41,292 39,131 35,355 34,229
Notes and accounts receivables-trade 44,462 44,755 41,623 39,730 38,109
Inventories 57,022 62,910 65,196 66,177 57,011
Accounts receivable-other 3,016 4,244 3,753 3,679 3,537
Deferred tax assets 5,131 6,423 4,966 3,992 4,216
Other 7,152 7,038 6,466 6,250 6,589
Allowance for doubtful accounts -1,418 -1,763 -1,488 -1,260 -1,206
Total current assets 158,369 164,901 159,649 153,925 142,488
Non-current assets
Property, plant and equipment
Buildings and structures 103,833 73,412 70,424 72,678 72,303
Machinery, equipment and vehicles 100,575 102,894 80,454 83,501 80,147
Tools, furniture and fixtures 33,526 34,943 30,654 31,297 30,419
Other 4,313 4,244 2,983 2,908 1,766
Accumulated depreciation -180,292 -170,229 -140,016 -144,359 -145,116
Land 75,965 50,447 48,674 48,945 49,199
Construction in progress 559 917 1,758 1,026 779
Total property, plant and equipment 138,481 96,630 94,934 95,998 89,498
Intangible assets
Goodwill 8,872 8,236 7,663 7,298 9,149
Other 6,768 7,157 8,262 9,038 8,887
Total intangible assets 15,641 15,393 15,925 16,336 18,036
Investments and other assets
Investment securities 46,866 48,116 42,407 48,131 46,774
Net defined benefit asset 906 634 479 - -
Deferred tax assets 1,709 1,737 8,966 8,060 2,092
Other 7,485 6,467 6,952 6,583 8,908
Allowance for doubtful accounts -2,707 -179 -199 -178 -208
Total Investments and other assets 54,261 56,776 58,606 62,596 57,566
Total non-current assets 208,384 168,799 169,466 174,931 165,102
Total assets 366,753 333,701 329,115 328,857 307,590

Liabilities

(Millions of yen)

FY2013 FY2014 FY2015 FY2016 FY2017
Current liabilities
Notes and accounts payable-trade 24,752 26,019 24,267 21,196 24,921
Electronically recorded obligations operating 7,153 7,358 7,766 7,021 7,956
Short-term loans payable 56,750 43,585 39,565 49,468 49,916
Current portion of long-term loans payable 46,180 35,771 35,342 30,038 21,476
Accounts payable-other 13,934 14,603 15,442 13,311 12,598
Income taxes payable 1,744 1,584 1,851 936 1,275
Deferred tax liabilities 203 26 19 20 2
Provision for bonuses 3,938 4,346 4,054 3,995 3,534
Provision for goods warranties 451 482 468 432 445
Provision for loss on lease contracts 234 194 - - 348
Asset retirement obligations 16 12 16 0 51
Other 10,915 11,132 10,994 10,345 11,939
Total current liabilities 166,275 145,118 139,789 136,767 134,469
Non-current liabilities
Long-term loans payable 93,040 54,498 49,811 54,055 40,075
Lease obligations 4,122 - - - -
Deferred tax liabilities 9,597 11,091 9,232 7,381 4,811
Deferred tax liabilities for land revaluation 4,218 3,812 3,614 3,614 3,614
Provision for loss on lease contracts 176 - - - 1,832
Provision for directors' retirement benefits 202 200 72 39 36
Provision for environmental measures 353 269 244 217 351
Provision for long-term goods warranties 62 76 84 77 77
Net defined benefit liability 18,628 18,441 17,011 12,428 10,810
Asset retirement obligations 345 522 459 702 676
Other 4,964 7,080 6,102 6,410 5,663
Total non-current liabilities 135,711 95,993 86,633 84,928 67,950
Total liabilities 301,987 241,112 226,423 221,696 202,420

Net Assets

(Millions of yen)

FY2013 FY2014 FY2015 FY2016 FY2017
Shareholders' equity
Capital stock 10,000 10,000 10,000 10,000 10,000
Capital surplus 7,414 7,414 7,246 7,245 7,245
Retained earnings 28,837 47,765 57,323 59,535 67,975
Treasury shares -146 -151 -158 -329 -334
Total shareholders' equity 46,104 65,027 74,411 76,451 84,886
Accumulated other comprehensive income
Valuation difference on available-for-sale
securities
10,601 13,007 10,719 14,962 11,639
Deferred gains or losses on hedges -185 39 -28 39 -294
Revaluation reserve for land 7,617 7,991 8,190 8,190 8,190
Foreign currency translation adjustment -992 4,796 1,647 -402 468
Remeasurements of defined benefit plans -273 -452 -417 -1,121 -879
Total accumulated other
comprehensive income
16,766 25,383 20,110 21,668 19,123
Non-controlling interest 1,895 2,178 8,170 9,042 1,159
Total net assets 64,766 92,589 102,692 107,161 105,170
Total liabilities and net assets 366,753 333,701 329,115 328,857 307,590

Consolidated Balance Sheets for the last five years (viewable as a single download)(EXCEL:38KB)