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

31-Dec-2018[Current assets]

31-Dec-2019

31-Dec-2018

31-Dec-2019

10,338,286

8,713,003 [Current liabilities]

9,621,768

7,746,257

447,122526,598 Import bills payable

139,313

163,566

Notes receivable trade

1,122,004

1,037,379 Accounts payable trade

1,235,516

1,200,740

Accounts receivable trade

4,365,221

4,400,998 Short-term loans payable

6,000,000

5,750,000

Inventories

2,074,101

2,316,659

50,0000

Goods in transit

2,234,259

343,595 Accrued expenses

104,244

84,048Advance payments

65,69470,658 Income taxes payable

172,000

190,000

Prepaid expenses

27,456

22,117 Consumption taxes payable

183,719

183,583

Deferred tax asset

0

1,617,318

42,406

Forward exchange contracts

0

15,375 Forward exchange contracts

10,9090Cash and cash equivalents

Current portion of long-termloans payable

0 Advance received

Other current assets

13,42618,112 Allowance for bonuses

82,000122,725

Allowance for doubtful
accounts-11,000-38,493 Others

26,746

9,187[Non-current assets]

2,155,2732,069,678 [Non-current liabilities]

651,838

473,747(Total tangible fixed assets)

24,48923,058 Long-term loans payable

200,000

0

Buildings and accompanying
facilities

5,938

5,067 Long-term account payable

40,26580,499Machinery and equipment

12,9439,699 Deferred tax liability

00

Tools, appliances andfixtures

5,606

8,291 Allowance for retirement372,473

361,301

Allowance for retirement
benefits for director

37,50030,145

1,600

1,800

10,273,607

8,220,004(Total intangible fixedassets)

10,161

10,001 Other non-current liabilities

Software

10,161

10,001 Total liabilities

Other intangible fixed assets

0EQUITY

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

2,120,622

Investment securities

627,032

Stocks of affiliatedcompanies

1,160,639

Investments

5,045

2,256,230

2,539,398

500,225500,225

1,756,005

2,039,173

950,353 Retained earnings reserves

38,69144,14785,533 Other retained earnings

1,717,313

1,995,026

1,717,313

1,995,026-36,277

23,278-28,707

12,611-7,56910,6672,219,952

2,562,677

12,493,560

10,782,681

2,036,618 (Capital)
686,455 (Retained earnings)

Investments to affiliatedcompanies

39,31331,004

Deferred tax asset

219,919

214,892

769,689

641,827-769,689-641,827

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

68,673
12,493,560

Retained earnings brought
forward[Valuation and conversion
adjustments]
Valuation difference on
available-for-sale securities
Deferred gains or losses onhedges

68,379 Total equity
10,782,681 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)
2018

2019

Revenue

23,629,681

25,801,513

Cost of goods sold

20,601,576

22,719,052

Gross profit on sales

3,028,105

3,082,460

Selling and general administrative expenses

2,120,824

2,061,546

Operating profit

907,280

1,020,913

Total non-operating profit

110,258

65,816

59

101

Dividends received

20,05420,966

Recall insurance

69,10019,387

Other non-operating profit

21,04425,360Total non-operating expenses

89,354

41,261

Interest paid

36,913

19,473Foreign exchange expenses

7,463

5,611

Commission paid

15,234

13,056

Foreign exchange loss

4,724

Recall expenses

22,001Other non-operating expenses

3,017

3,120

928,184

1,045,469

0117,234

Interest received

Current profit
Total extraordinary expense
Loss on valuation of stocks of subsidiaries and affiliates

Loss on sales of stocks of subsidiaries and affiliates

110,939
06,294

Net profit before tax

928,184928,234

Corporate tax, resident tax and business taxes

259,594

310,503

Income taxes deferred-142,000-20,000

Net profit

810,590

637,730(Note) The figures are indicated by rounding off the amount less than 1,000 yen.