HOME > IR Information > Financial Information

Consolidated Financial Statements

• Consolidated Balance Sheets
• Consolidated Statement of Income
• Consolidated Statements of Changes in Stockholders' Equity
• Consolidated Statements of Cash Flows
• Consolidated Statements of Comprehensive Income

Consolidated Balance Sheets

(Millions of yen) March 31
	2011	2012
Assets
Current assets
Cash and deposits	6,909	7,742
Notes and accounts receivable-trade	13,487	14,094
Merchandise and finished goods	4,778	5,642
Work in process	124	105
Raw materials and supplies	2,044	2,132
Deferred tax assets	684	657
Other	55	171
Allowance for doubtful accounts	△7	△1
Total current assets	28,077	30,545
Noncurrent assets
Property, plant and equipment
Buildings and structures, net	4,817	4,939
Machinery, equipment and vehicles, net	2,747	2,474
Land	8,603	8,597
Construction in progress	219	1,582
Other, net	483	434
Total property, plant and equipment	16,870	18,027
Intangible assets
Software	130	156
Software in progress	-	105
Other	9	1
Total intangible assets	139	263
Investments and other assets
Investment securities	8,927	9,906
Long-term loans receivable	188	187
Deferred tax assets	1,686	1,436
Other	462	450
Allowance for doubtful accounts	△0	△18
Total investments and other assets	11,264	11,961
Total noncurrent assets	28,274	30,252
Total assets	56,351	60,797
Liabilities
Current liabilities
Notes and accounts payable-trade	7,442	8,150
Short-term loans payable	2,050	2,050
Current portion of long-term loans payable	689	845
Accrued expenses	1,164	1,208
Income taxes payable	1,101	876
Accrued consumption taxes	90	46
Provision for directors' bonuses	53	57
Notes payable-facilities	117	226
Other	1,727	2,373
Total current liabilities	14,437	15,835
Noncurrent liabilities
Long-term loans payable	1,029	1,974
Deferred tax liabilities	-	5
Deferred tax liabilities for land revaluation	1,858	1,628
Provision for retirement benefits	2,080	1,992
Provision for directors' retirement benefits	276	296
Asset retirement obligations	344	345
Negative goodwill	1	0
Other	180	196
Total noncurrent liabilities	5,770	6,441
Total liabilities	20,208	22,276
Net assets
Shareholders' equity
Capital stock	6,867	6,867
Capital surplus	5,741	5,741
Retained earnings	21,582	23,711
Treasury stock	△285	△290
Total shareholders' equity	33,906	36,030
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	257	306
Deferred gains or losses on hedges	△0	△37
Revaluation reserve for land	1,993	2,224
Foreign currency translation adjustment	△254	△262
Total accumulated other comprehensive income	1,996	2,231
Subscription rights to shares	39	39
Minority interests	201	219
Total net assets	36,143	38,521
Total liabilities and net assets	56,351	60,797

Consolidated Statement of Income

(Millions of yen) Fiscal year ended March 31
	2011	2012
Net sales	41,526	40,865
Cost of sales	25,707	25,925
Gross profit	15,818	14,939
Selling, general and administrative expenses
Transportation and warehousing expenses	2,931	2,876
Advertising expenses	658	614
Salaries	1,857	1,849
Provision for directors' bonuses	53	57
Retirement benefit expenses	213	219
Provision for directors' retirement benefits	47	46
Research and development expenses	1,066	1,015
Other	3,200	3,341
Total selling, general and administrative expenses	10,028	10,020
Operating income	5,789	4,919
Non-operating income
Interest income	7	8
Dividends income	219	271
Miscellaneous income	31	24
Total non-operating income	258	304
Non-operating expenses
Interest expenses	49	44
Loss on sales of notes payable	6	1
Sales discounts	104	108
Foreign exchange losses	264	52
Miscellaneous loss	16	6
Total non-operating expenses	440	214
Ordinary income	5,607	5,009
Extraordinary income
Gain on sales of noncurrent assets	-	8
Gain on sales of investment securities	2	-
Reversal of allowance for doubtful accounts	4	-
Total extraordinary income	7	8
Extraordinary loss
Loss on retirement of noncurrent assets	62	107
Impairment loss	19	-
Loss on valuation of investment securities	327	-
Loss on adjustment for changes of accounting standard for asset retirement obligations	313	-
Total extraordinary losses	723	107
Income before income taxes and minority interests	4,891	4,910
Income taxes-current	2,058	1,867
Income taxes-deferred	63	310
Total income taxes	2,122	2,178
Income before minority interests	2,769	2,731
Minority interests in income	12	16
Net income	2,757	2,714

Consolidated Statements of Changes in Stockholders' Equity

(Millions of yen) Fiscal year ended March 31
	2011	2012
Shareholders' equity
Capital stock
Balance at the end of previous period	6,867	6,867
Balance at the end of current period	6,867	6,867
Capital surplus
Balance at the end of previous period	5,741	5,741
Balance at the end of current period	5,741	5,741
Retained earnings
Balance at the end of previous period	19,409	21,582
Changes of items during the period
Dividends from surplus	△584	△584
Net income	2,757	2,714
Disposal of treasury stock	-	△0
Reversal of revaluation reserve for land	-	△1
Total changes of items during the period	2,172	2,129
Balance at the end of current period	21,582	23,711
Treasury stock
Balance at the end of previous period	△278	△285
Changes of items during the period
Purchase of treasury stock	△6	△5
Disposal of treasury stock	-	0
Total changes of items during the period	△6	△4
Balance at the end of current period	△285	△290
Total shareholders' equity
Balance at the end of previous period	31,740	33,906
Changes of items during the period
Dividends from surplus	△584	△584
Net income	2,757	2,714
Purchase of treasury stock	△6	△5
Disposal of treasury stock	-	0
Reversal of revaluation reserve for land	-	△1
Total changes of items during the period	2,165	2,124
Balance at the end of current period	33,906	36,030
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance at the end of previous period	624	257
Changes of items during the period
Net changes of items other than shareholders' equity	△367	48
Total changes of items during the period	△367	48
Balance at the end of current period	257	306
Deferred gains or losses on hedges
Balance at the end of previous period	△3	△0
Changes of items during the period
Net changes of items other than shareholders' equity	3	△36
Total changes of items during the period	3	△36
Balance at the end of current period	△0	△37
Revaluation reserve for land
Balance at the end of previous period	1,993	1,993
Changes of items during the period
Net changes of items other than shareholders' equity	-	230
Total changes of items during the period	-	230
Balance at the end of current period	1,993	2,224
Foreign currency translation adjustment
Balance at the end of previous period	△176	△254
Changes of items during the period
Net changes of items other than shareholders' equity	△78	△7
Total changes of items during the period	△78	△7
Balance at the end of current period	△254	△262
Total accumulated other comprehensive income
Balance at the end of previous period	2,438	1,996
Changes of items during the period
Net changes of items other than shareholders' equity	△442	235
Total changes of items during the period	△442	235
Balance at the end of current period	1,996	2,231
Subscription rights to shares
Balance at the end of previous period	39	39
Balance at the end of current period	39	39
Minority interests
Balance at the beginning of current period	189	201
Changes of items during the period
Net changes of items other than shareholders' equity	11	18
Total changes of items during the period	11	18
Balance at the end of current period	201	219
Total net assets
Balance at the beginning of current period	34,408	36,143
Changes of items during the period
Dividends from surplus	△584	△584
Net income	2,757	2,714
Purchase of treasury stock	△6	△5
Disposal of treasury stock	-	0
Reversal of revaluation reserve for land	-	△1
Net changes of items other than shareholders' equity	△431	253
Total changes of items during the period	1,734	2,378
Balance at the end of current period	36,143	38,521

Consolidated Statements of Cash Flows

(Millions of yen) Fiscal year ended March 31
	2011	2012
Net cash provided by (used in) operating activities
Income before income taxes and minority interests	4,891	4,910
Depreciation and amortization	1,607	1,523
Impairment loss	19	-
Increase (decrease) in provision for retirement benefits	△96	△88
Increase (decrease) in provision for directors' retirement benefits	35	20
Interest and dividends income	△226	△280
Interest expenses	49	44
Loss (gain) on valuation of investment securities	327	-
Loss on retirement of property, plant and equipment	62	107
Loss (gain) on sales of property, plant and equipment	-	△8
Loss on adjustment for changes of accounting standard for asset retirement obligations	313	-
Decrease (increase) in notes and accounts receivable-trade	△585	△620
Decrease (increase) in inventories	△230	△931
Increase (decrease) in notes and accounts payable-trade	360	737
Increase (decrease) in accrued consumption taxes	△54	△121
Other, net	113	318
Subtotal	6,588	5,612
Interest and dividends income received	226	280
Interest expenses paid	△49	△43
Income taxes paid	△2,033	△2,093
Net cash provided by (used in) operating activities	4,732	3,755
Net cash provided by (used in) investing activities
Purchase of property, plant and equipment	△1,360	△2,200
Proceeds from sales of property, plant and equipment	-	17
Payments for retirement of property, plant and equipment	△20	△72
Purchase of investment securities	△580	△929
Proceeds from sales of investment securities	37	-
Payments of loans receivable	△0	△0
Collection of loans receivable	3	1
Decrease (increase) in time deposits	-	△79
Other, net	△59	△163
Net cash provided by (used in) investing activities	△1,980	△3,426
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable	△100	-
Proceeds from long-term loans payable	100	1,900
Repayment of long-term loans payable	△735	△798
Purchase of treasury stock	△6	△5
Cash dividends paid	△584	△584
Other, net	△72	△43
Net cash provided by (used in) financing activities	△1,399	467
Effect of exchange rate change on cash and cash equivalents	△139	△45
Net increase (decrease) in cash and cash equivalents	1,212	751
Cash and cash equivalents at beginning of period	5,696	6,909
Cash and cash equivalents at end of period	6,909	7,660

Consolidated Statements of Comprehensive Income

(Millions of yen) Fiscal year ended March 31
	2011	2012
Income before minority interests	2,769	2,731
Other comprehensive income
Valuation difference on available-for-sale securities	△366	52
Deferred gains or losses on hedges	3	△36
Revaluation reserve for land	-	229
Foreign currency translation adjustment	△78	△7
Total other comprehensive income	△441	237
Comprehensive income	2,327	2,969
Comprehensive income attributable to
Comprehensive income attributable to owners of the parent	2,314	2,949
Comprehensive income attributable to minority interests	12	19