Financial Statement
78th TERM

From 1st April 2017～31st March 2018

Showa Kako Corporation

Balance Sheet
31st March 2018
Showa Kako Corporation(Unit : Yen)

AssetsDescription
Current assets
Cash and deposits
Receivable

Liabilities
AmountDescription

4,044,768,312 Current liabilities
1,481,077,165
84,600,812

Amount
1,849,446,506
290,524,869

Bills Payable
Accounts Payable

1,322,763,132

Accounts Receivable

1,403,887,505

Marketable securities

26,526,851

Accrued expenses

4,756,288

Products & Goods

503,398,834

Corporation Tax

475,000

Raw materials

133,750,753

Deposits

Work in process329,283,843

Reserve for bonus

101,760

Other current assets

94,242,549

Advance received

0△ 12,000,000

Suspense receipt

670,000

Allowance for Loan Losses

203,488,759

Arrears

6,521,898

One year long term loan

Fixed Assets

2,328,939,687

Tangible fixed assets

1,902,515,312 Fixed Liabilities

20,144,800

Consumption tax payable

3,197,079,774

Building

371,835,627

Long Term Loan

Building equipment

261,574,375

Bonds

Structures

83,176,313

Machinery
Vehicles andtransportation equipment
Tools, furniture and fixtures

923,209,291
15,942,363

CapitalLand

246,777,340

Capital surplus

1,205,993

1,448,401

Capital reserve

405,993

Other capital surplus

800,000

Intangible fixed assets

3

Software543,997

Telephone subscription right904,404

21,865,774

Liabilities Total

424,975,974

5,046,526,280

Net Assets
Shareholders' equity

Retained earnings
Earned reserve

Investment

3,175,214,000

Other retained earnings

100,000,000

1,371,557,823
25,200,000
1,346,357,823

Long-term loans

1,998,514

Other reserve

500,000,000

Investment securities

94,145,661

Profit carried forward

846,357,823

Other investments

328,831,799

Deferred assets

Total Assets

Own shares△ 34,474,500

111,107,597

Net Assets

1,438,289,316

6,484,815,596

Total Liabilities and Net assets

6,484,815,596

Profit and Loss Statement
From 1st April 2017～31st March 2018
Showa Kako Corporation
Description(Unit : Yen)
Amount
9,342,425,621

Sales
Cost of goods soldOpening Inventory
Current term cost of production and total purchaseTotal
Closing Inventory

439,079,708
8,289,000,826
8,728,080,534
503,398,834

8,224,681,700
1,117,743,921

Gross Profit on Sales

785,246,209

Sales and general administrative expenses

332,497,712

Operating Profit
Non Opearting Profit
Interest income

255,132

Dividend income

1,896,406

Miscellaneous income

49,666,033

51,817,571

Non Opearting Expenses
Interest expense

37,323,972

Miscellaneous loss

16,186,109

330,805,202

Non Operating Profit
Extraordinary Profit
Extraordinary loss

53,510,081

299,999

299,999

115,491,888

115,491,888

Income before taxes

215,613,313

Corporation tax, resident tax andbusiness tax

29,553,115

Current Net Profit

186,060,198

Statement of share holder'equity
From 1st April 2017～31st March 2018

Showa Kako Corporation
Owner's capital
Capital surplusCapital surplus
CapitalFirst half balance

Capitalreserve

100,000,000

405,993

Accumulated surplus

Othercapitalsurpluses

Capitalsurplus sumtotal

Earnedsurplusreserve

800,000

1,205,993

25,200,000

Other accumulated
Company's
surpluses
Accumulated own stock
EarnedGeneralsurplus total
surplusreserve
C/F(next term)
500,000,000
660,297,625 1,185,497,625 ###########
186,060,198

Current net income

186,060,198

Current term total
fluctuating amountCurrent term end balance

000000100,000,000

405,993

800,000

1,205,993

25,200,000

500,000,000

186,060,198

186,060,198

846,357,823 1,371,557,823 ###########

Net-assets
total

1,266,849,118 1,266,849,118
186,060,198###########

Acquisition of own shares

Owner'scapital total

186,060,198△ 14,620,000
171,440,198

171,440,198

1,438,289,316 1,438,289,316

Individual Notes

Showa Kako Corporation

１．This financial statements, is created by the guidance of small business accounting

2．Important accounting policies(1)

The evaluation criteria and evaluation method of negotiable securities① Things with market valueCost of acquisition② Things without market value Cost of acquisition(2)

The evaluation criteria and the evaluation method of an inventory
Cost method according to periodic average method(3)

The method of depreciation of fixed assets
Tangible fixed assets

Constant percentage method by regulation of Corporation Tax Law
Period of depreciation
Building： 8 to 25 years
Building attached structure： 3 to 20 years
Structure ： 8 to 40 years
Mechanical apparatus ：2 to 22 years
Furniture and fixtures：2 to 20 years
Automotive equipment： 4 to 7 years(4)Intangible fixed assets Fixed amount method by regulation of Corporation Tax Law
Accounting treatment of derivatives
Accounting treatment by a market method to be carried out(5)

The disposal method of a lease transaction
About the finance lease transactions of those other than what the ownership of leased
property transfers to a borrower, is based on accounting treatment according to the method
related to the usual lease transactions.

(6)

Accounting treatment of derivatives
Accounting treatment of a consumption tax etc. is based on the tax excluded method.

3. Notes to the Balance Sheet
３．貸借対照表に関する注記
Accumulated depreciation: 3,922,852,089 yen
４．
Notes for Statement of Changes in Net Assets(1)

AboutShares
EndOfIssued
First Half・・・2,016,000Shares
Current Period End・・・2,016,000 Shares

The number of Own shares at the end of the fiscal year(2)

88,900shares