Financial Statement
83rd Term(105 years since establishment in 1918)

From 1st April 2022 to 31st March 2023

(Company Motto)”Love and Creation”
Showa Kako Corporation

Consolidated:SK、SE、KK、ST、IN、MQ、BK、SKI、SKB、SDP、計10社

Balance Sheet
1st April 2022 to 31st March 2023
Showa Kako Corporation(Unit : Yen)
AssetsDescription
Current Assets

Liabilities
Description

AmountAmount

7,457,681,132 Current Liabilities

2,167,461,483

Cash & Deposits

2,807,052,320

Bills Payable

819,719,085

Receivable

2,228,787,782

Accounts Payable

278,692,329

Marketable Securities

41,981,474

Products and Goods

2,002,986,022

Short-term Debt

1,006,529,360

Other Current Assets

389,393,534

Other Liabilities

59,221,002

Allowance for Loan Losses

Fixed Assets

Arrears

3,299,707△ 12,520,000 Fixed Liabilities
6,975,645,364

6,301,076,996

Long-term Loan

5,470,912,920

Tangible fixed assets (exc. land)

2,427,018,744

Other Fixed Liabilities

830,164,076

Land

4,257,397,403

Capital80,000,000

Intangible fixed assets

16,931,545

Capital Surplus

Investments and other assets

274,297,672

Retained Earnings

5,939,652,412

98,316,020

Own Shares△ 38,495,597

98,316,020

FCTA

Deferred Assets
Deferred assets
Total Assets

80,000,000

1,947,222

14,531,642,516 Total Liabilities and Net assets

14,531,642,516

Consolidated Profit and Loss Statement
1st April 2022 to 31st March 2023
Showa Kako Corporation
Description(Unit : Yen)
AmountSales

12,209,397,978
Cost of goods sold

9,735,786,989

Gross profit on sales
Sales & General Administration expenses

2,473,610,989
2,046,668,537

Operating Profit

426,942,452

Non-operating Profit

211,355,076

Non-operating Expenses

122,770,955

Non-Operating Profit

515,526,573

Extraordinary Profit

1,052,539,731

Extraordinary Losses

749,336,035

Income before Tax
Corporation Tax, Resident Tax & Business Tax
Current Net Profit

818,730,269
119,469,956
699,260,313

Balance Sheet
1st April 2022 to 31st March 2023
Showa Kako Corporation(Unit : Yen)
AssetsDescription

Liabilities
Description

Amount

6,061,683,721 Current Liabilities

Current assets

1,391,155,010

Cash and deposits

2,117,231,727

Bills Payable

Receivable

425,510,829

Accounts Payable

Accounts Receivable

1,652,365,724

Marketable securities

40,259,474

Products & Goods
Work in ProcessRaw Materials

Factory Supplies
Other Current Assets/ other(AGS)

Allowance for Loan Losses
Fixed Assets
Tangible Fixed Assets

AmountArrears

19,176,851
1,007,699,778
150,980,149

Accrued Expense

5,871,799

717,098,794

Corporate Taxes Payable(AGS) Dividends

5,500,000

497,841,813

Other Corporate Taxes Payable

218,894,575

Advance Received

21,782,799

12,748,124

Advance Payment

30,984

391,732,661

Down Payment△ 12,000,000

One Year Term loan

014,583,290
165,529,360

6,540,893,051 Fixed Liabilities

5,624,419,040

4,991,363,177

5,062,564,920

Long-term Loan

Building

414,769,386

Bonds

237,120,600

Building equipment

207,120,985

Other liabilities /loan allowance

324,733,520

Structures

93,556,256

Machinery556,352,210

Vehicles and transportation equipment
Tools, furniture and fixtures,
other(AGS)Land

Total Liabilities

7,015,574,050

Net Assets

1 Shareholders' Equity

31,552,804
3,688,011,535

CapitalCapital Surplus

2,631,236,773

Intangible fixed assets

14,025,100

Telephone subscription right904,404

Other Capital Surplus

2,630,830,780

Software278,667

Retained Earnings

2,894,261,546

Other Intangible Fixed Assets
Investment

Capital Reserve

100,000,000
405,993

12,842,029
1,442,367,851

Earned reserve

25,200,000

Investment Securities and Investment 1,246,538,252

Other retained earnings

Long-term Loans

2,628,034

Other reserve

Security Deposit

102,521,568

Profit carried forward

2,369,061,546

Other Investments (Insurance funds)

90,679,997

Own shares△ 38,495,597

Deferred Assets

93,136,923

Net Assets

5,587,002,722

Total Assets

12,602,576,772 Total Liabilities and Net Assets
Note: Accumulated depreciation of property, plant and equipment

2,284,348,679

2,869,061,546
500,000,000

12,602,576,772

Profit and Loss Statement
1st April 2022 to 31st March 2023

Showa Kako Corporation(Unit : Yen)

Description

AmountSales

11,676,617,623

9,952,719,333

Cost of Goods soldOpening Inventory

653,572,878

Current Term Cost of Production & Total Purchase

10,016,245,249

Total

10,669,818,127

Closing Inventory

717,098,794

Gross Profit

1,723,898,290

Sales Administrative Expenses

411,515,196

General Administrative Expenses

668,883,979

Operating Profit

643,499,115

Non-operating income

170,647,580

Interest Income

61,268Dividend Income

54,526,499

Miscellaneous Income

116,059,813

Non-operating Expenses

91,566,048

Interest Expenses

39,767,558

Discount Interest0

Miscellaneous Loss

51,798,490

Non-operating Profit

722,580,647

Extraordinary Profit

0Extraordinary Loss

312,437,528

Profit Before Taxes

410,143,119

Corporation Tax, Resident Tax & Business Tax

89,290,680

Current Net Profit
Note320,852,439

Ordinary depreciation range of current depreciable assets
Amount of Depreciation

236,312,714
236,312,714

Individual Notes
Showa Kako Corporation

１．

These financial statements are created under small business accounting policies

２．

Important accounting policies(1) The evaluation criteria and evaluation method of negotiable securities
Cost of acquisition①Things with market value
Cost of acquisition② Things without market value(2) The evaluation criteria and the evaluation method of inventory
Constant percentage method by regulation of Corporation Tax Law(3) The method of depreciation of fixed assets
Tangible fixed assets
Period of depreciation
Building： 8 to 25 years
Building attached structure： 3 to 20 years
Structure ： 8 to 45 years
Mechanical apparatus ：2 to 22 years
Furniture and fixtures：2 to 20 years
Automotive equipment： 4 to 7 years
Intangible fixed assets

Fixed amount method by regulation of Corporation Tax Law(4) The disposal method of a lease transaction
About the finance lease transactions of those other than what the ownership of leased property transfers to aborrower, is based on accounting treatment according to the method related to the usual lease transactions.

(5) Allowance for doubtful accounts
To provide for losses due to bad debt, the Company accrues an estimated uncollectible amount based on thestatutory provision ratio in accordance with the provisions of the Corporation Tax Law for general receivables andon an individual assessment of collectability for specific receivables such as doubtful receivables.

(6) Accounting treatment of derivatives
Accounting treatment of a consumption tax etc. is based on the tax excluded method.
３．

４．

Notes to the Balance Sheet
Accumulated depreciation of tangible assets: JPY

2,284,348,679

Notes to Statements of Changes in Net Assets(1) Issued Shares
End Of First Half・・・53,101,019 Shares
Current Period End・・・62,968,428 Shares(2) The number of Own shares at the end of the fiscal year
1,390,000 Shares

Statement of Shareholders' Equity
From 1st April 2022 to 31st March 2023
0Showa Kako Corporation
Owner's Capital
Owner's Capital
CapitalPrevious Fiscal Year
Balance

CapitalReserve

100,000,000

Other Capital
Surpluses

Accumulated Surplus
CapitalSurplus
Sum Total

405,993 1,691,801,922 1,692,207,915

Fluctuations due toMergers

939,028,858

Capital Reduction△ 939,028,858

939,028,858

Other Accumulated
Accumulated
Surpluses
GeneralEarned Surplus
Surplus Total
C/F (Next Term)
Reserve25,200,000

500,000,000 2,069,909,107 2,595,109,107 △ 38,495,597 4,348,821,425 4,348,821,425

939,028,858000

Net Income

320,852,439

320,852,439

Acquisition ofOwn Shares
Current Term Total
Floating

Current Term
End Balance

Net-Assets
Total

OwnersCapital
Total

EarnedSurplusReserve

Company's
Own Stock939,028,858 939,028,858

320,852,439 320,852,43900
100,000,000

0939,028,858

939,028,858

0405,993 2,630,830,780 2,631,236,773

25,200,000

0320,852,439

320,852,439

00 1,259,881,297 1,259,881,297

500,000,000 2,369,061,546 2,894,261,546 △ 38,495,597 5,587,002,722 5,587,002,722