Financial Statement of VOX TRADING CO., LTD.
Balance Sheet(Unit : 000 yen)
ASSETSLIABILITIES

31-Dec-2017[Current assets]

31-Dec-2018

31-Dec-2017

31-Dec-2018

8,095,359

10,338,286 [Current liabilities]

7,341,835

9,621,768

520,217447,122 Import bills payable

131,617

139,313

Notes receivable trade

1,069,326

1,122,004 Accounts payable trade

1,117,119

1,235,516

Accounts receivable trade

3,921,781

4,365,221 Short-term loans payable

5,000,000

6,000,000

Inventories

2,221,869

2,074,101

500,000

50,000141,119

104,244

Cash and cash equivalents

Current portion of long-termloans payable

Goods in transit

315,1422,234,259 Accrued expenses

Advance payments

120,927

65,694 Income taxes payable

200,000

172,000

Prepaid expenses

31,24527,456 Consumption taxes payable

108,686

183,719

Deferred tax asset

49,8820 Advance received

79,8301,617,318

Forward exchange contracts

26,3030 Forward exchange contracts

010,909

Other current assets

10,982

13,426 Allowance for bonuses

53000

82,000-11,000 Others

10,462

26,746

Allowance for doubtfulaccounts-192,319[Non-current assets]

2,021,535

2,155,273 [Non-current liabilities]

905,216

651,838(Total tangible fixed assets)

29,41624,489 Long-term loans payable

450,000

200,000

Buildings and accompanying
facilities

6,923

5,938 Long-term account payable

56,85640,265

Machinery and equipment

16,726

12,943 Deferred tax liability

18,2520Tools, appliances andfixtures

5,766

5,606 Allowance for retirement342,457

372,473

Allowance for retirement
benefits for director

36,35037,500

1,300

1,600

8,247,052

10,273,607(Total intangible fixedassets)

4,984

10,161 Other non-current liabilities

Software

3,082

10,161 Total liabilities

Other intangible fixed assets

1,902

0EQUITY[Shareholders’ equity](Total investments andother assets)

1,987,134

Investment securities

706,176

Stocks of affiliatedcompanies

1,160,639

Investments

5,045

Investments to affiliatedcompanies

45,564

Deferred tax asset
Long-term accountreceivable
Allowance for doubtful
accounts
Other non-current assets
Total assets

0691,664-691,664
69,708
10,116,895

1,789,408

2,256,230

500,225500,225

1,289,183

1,756,005

1,160,639 Retained earnings reserves

34,314

38,691

5,045 Other retained earnings

1,254,869

1,717,313

1,254,869

1,717,313

80,434-36,277

62,248-28,707

18,186-7,5691,869,843

2,219,952

10,116,895

12,493,560

2,120,622 (Capital)
627,032 (Retained earnings)

Retained earnings brought
forward[Valuation and conversion
219,919
adjustments]
Valuation difference on
769,689
available-for-sale securities
Deferred gains or losses on-769,689
hedges39,313

68,673 Total equity
12,493,560 Total liabilities and equity(Note) The figures are indicated by rounding off the amount less than 1,000 yen.

Financial Statement of VOX TRADING CO., LTD.
Income Statement(Unit : 000 yen)
2017

2018

Revenue

21,243,287

23,629,681

Cost of goods sold

18,310,715

20,601,576

Gross profit on sales

2,932,571

3,028,105

Selling and general administrative expenses

2,058,093

2,120,824

Operating profit

874,478

907,280

Total non-operating profit

33,206110,258

Interest received

205

59

Dividends received

19,80020,054069,100

Other non-operating profit

13,20021,044

Total non-operating expenses150,248

89,354

Interest paid

38,481

36,913Foreign exchange expenses

2,056

7,463

Commission paid

17,84815,234Foreign exchange loss

8,261

4,724

Recall expenses

81,86622,001Other non-operating expenses

1,734

3,017

757,436

928,184

6,519

0

6,519

0

Total extraordinary profit

46,0540Gain on sales of investment securities

46,0540

Net profit before tax

796,970928,184

Corporate tax, resident tax and business taxes

223,904

259,594

Income taxes deferred

32,000-142,000

Net profit

541,066

810,590

Recall insuranceCurrent profit
Total extraordinary expense
Liquidation loss for affiliated companies(Note) The figures are indicated by rounding off the amount less than 1,000 yen.