Business Report
Issue 84
(Founded 106 years Since Taisho 7 (1918), Showa 99)

Since : Reiwa 5 (2023) 04/01
To : Reiwa 6(2024)/03/31(company policy)” Love and Creativity”
Showa Kako Corporation
connection：SKC、KKC、STC、MQC、WKA、SKI、SKB、7 companies in totalConsolidated Balance Sheets
April 1, Reiwa 5 ~ March 31, Reiwa 6(Unit: Yen)
Total Assets
subject
Amountliquid assets
8,210,800,813
Cash and deposits
3,193,078,632
Notes and accounts receivable 2,526,398,644
Marketable securities
56,269,862
Inventories
2,202,437,237
Other current assets
245,447,438
Allowance△ 12,831,000
Fixed assets
7,372,729,475
Tangible fixed assets (excluding land) 2,840,058,306
Land
4,234,538,458
Intangible fixed assets
17,332,895
Investments and other assets
280,799,816
Deferred assets
102,932,695
Deferred assets
102,932,695

Liabilities and Net Assets
subject
AmountCurrent liabilities
2,821,247,298
Notes and accounts payable-trade
1,039,562,054
Accounts payable/accrued expenses
563,741,461
Accrued income taxes
342,766,017
Short-term debt
714,529,360
Other current liabilities
160,648,406
Fixed liabilities
5,909,350,608
Long-term borrowings
5,130,391,560
Allowance
778,959,048
Capital stock
80,000,000
Capital surplus
80,000,000
Retained earnings
6,859,051,844
Treasury stock△ 68,100,107
Foreign currency translation adjustments 4,913,340

Total assets

Total liabilities and net assets

15,686,462,983

15,686,462,983

Consolidated Statements of Income
Since: 04/01/5/Reiwa
To: Reiwa 6/03/31
Showa Kako Consolidation(Unit: Yen)

subject

Amountsales

12,810,213,253

Cost of goods sold9,252,457,991Gross profit
Selling, general and administrative expenses

3,557,755,262
2,169,138,614

Operating Profit

1,388,616,648

Non-operating income

183,481,082

Non-operating expenses

106,959,542

Ordinary Income

1,465,138,188

Special Profits

4,961,555

Extraordinary Loss

378,236,978

Net income before taxes
Corporate Tax, Resident Tax and Business Tax
Net Income

1,091,862,765
378,344,262
713,518,503

Balance Sheet
April 1, Reiwa 5 ~ March 31, Reiwa 6Showa Kako Non-consolidated(Unit: Yen)

Assetssubject

Liabilities and Net Assets

AmountCurrent assets

subjectAmount

6,769,686,609

Current liabilities

Cash & Deposits

2,370,114,697

Bills payable

Bills receivable

475,410,289

accounts receivable

1,881,742,764

2,139,613,950
19,987,089

accounts payable

1,248,119,588

Payables341,439,059

securities

54,547,862

Accrued expenses

55,203,035

Product & Merchandise Inventory

851,767,333

Accrued corporate taxes, etc.

251,431,700

Inventory of work in process

630,332,817

Deposits received

33,362,959

Raw material shed unloading

251,832,211

Income taxes payable/(AGS) dividends

7,530,000

Factory Consumables Inventory

23,852,934

Advance Payments

Other Current Assets/Other(AGS)

242,085,702

Down payment

16,901,980

Long-term loans to be repaid within one year

165,529,360

Loan reversal as gold

△ 12,000,000

Fixed assets

6,783,773,543

Tangible fixed assets

5,474,949,700

Buildings

584,997,074

Buildings and accompanying facilities219,703,784
Structures

146,949,936

Machinery and equipment

579,103,215

Vehicles and transportation equipment

1Tools and appliances spare parts / minor fixed assets / others (AGS)

109,180

Fixed liabilities

5,343,723,080Long-term debt

4,772,035,560

Guarantee deposits received

228,254,000

Other liabilities/allowances

343,433,520

Total liabilities

7,483,337,030

Total net assets
capital stock

280,516,755
Land

3,663,678,935

Intangible fixed assets

14,819,570

Telephone subscription rights

904,404

Software2,990,667

Other intangible assets

10,924,499

Investment

1,194,638,987

Investment Securities and Investments

988,239,252

Long-term loans

2,448,034

Security Deposit

102,007,000

Other (Insurance Reserve Fund)

101,944,701

Deferred assets

99,365,286

Total assets

13,553,460,152

Paid-in Capital

100,000,000

Capital Reserve

405,993

Profit Reserve

25,200,000

Other capital surplus

2,630,830,780

Separate reserve fund

500,000,000

Treasury stock△ 68,100,107

Retained earnings carried forward

2,881,786,456

Total net assets

6,070,123,122

Total liabilities andnet assets

13,553,460,152(Note) Accumulated depreciation of property, plant and equipment Accumulated depreciation of property, plant and equipment

2,961,469,506

Income Statement
April 1, Reiwa 5 ~ March 31, Reiwa 6
Showa Kako Co. Non-consolidated(Unit: Yen)

subject

AmountNet sales

11,060,481,763

Cost of sales

8,787,796,281

Beginning inventory

717,098,794

Cost of goods purchased

8,922,464,820

Total

9,639,563,614

Ending inventory△ 851,767,333

Gross profit

2,272,685,482

Selling, general and administrative expenses

384,779,755

General and administrative expenses

784,735,286

Operating income
Non-operating income

1,103,170,441
145,823,944

Interest income

2,127,379

Dividend income

7,040,572

Miscellaneous income

136,655,993

Non-operating expenses

96,810,107

Interest expenses

36,956,264

Discounted interest expense
Miscellaneous losses

059,853,843

Ordinary income
Extraordinary gains
Extraordinary loss

1,152,184,278
4,959,582
349,893,160

Income before income taxes
Income taxes-current

Net income
Note:807,250,700
272,825,790

534,424,910

Ordinary depreciation range of depreciable assets for the current period

252,015,431

Amount of depreciation

252,015,431

Statement of Changes in Shareholders' Equity
Since: Reiwa 5 (2023) 04/01
To: Reiwa 6(2023)/03/31
Showa Kako Corporation
capital stock
Capital surplus

Retained earnings
Other retained earningsPaid-in
CapitalCapitalOther capital

Total capital

ProfitReserve

surplussurplusReserve

Separate

Retained

Total

treasury

reserve fundearnings

retainedstockcarriedearnings

Total

Total Net

Shareholders'

Worth

EquityforwardBalance at

100,000,000

405,9932,630,830,780

2,631,236,773

25,200,000

500,000,000

2,369,061,546

2,894,261,546△ 38,495,597

5,587,002,722

5,587,002,722△ 21,700,000△ 21,700,000△ 21,700,000-21,700,000△ 21,700,000

534,424,910

534,424,910

534,424,910

534,424,910

534,424,910△ 29,604,510△ 29,604,510△ 29,604,510

the end of
the previous
periodDividends
on surplus
Net income
Repurchaseof treasury
stock
Total

0000

0

0

512,724,910

512,724,910△ 29,604,510

483,120,400

483,120,400

100,000,000

405,9932,630,830,780

2,631,236,773

25,200,000

500,000,000

2,881,786,456

3,406,986,456△ 68,100,107

6,070,123,122

6,070,123,122changesduring theperiod
Balance atthe end of
the current
fiscal year

Individual Note Sheet
1. These financial statements have been prepared in accordance with the accountingguidelines for small and medium-sized enterprises (SMEs).
2. Notes to Significant Accounting Policies(1) Valuation standards and methods for securities① Securities with market quotations② Securities without market quotations

Acquisition cost method
Acquisition cost method(2) Valuation standards and methods for inventories
Cost method based on the weighted average method(3) Depreciation method for fixed assets
Tangible fixed assets
Straight-line method in accordance with the provisions of theCorporation Tax Law
Durability
Buildings: 8 to 25 years
Building fixtures: 3 to 20 years
Structure: 8 to 45 years
Machinery and equipment: 2 to 22 years
Tools and equipment: 2 to 20 years
Vehicle transportation equipment: 4 to 7 year
Intangible fixed assets Straight-line method in accordance with the provisions of theCorporation Tax Law(4) Accounting for lease transactions
Finance leases other than those that transfer ownership of the leased assets to the lessee areaccounted for by a method similar to that applicable to ordinary operating leases.
(5) Accounting standards for allowance for doubtful accounts
In order to prepare for losses due to bad debts, we consider the possibility of collecting specificreceivables, such as loans of doubtful concerns, on a case-by-case basis, based on the statutory
provision rate stipulated in accordance with the provisions of the Corporation Tax Act for general
receivables, and record the amount that is expected to be uncollectible.
(6) Accounting for consumption taxes
Consumption taxes are accounted for by the tax exclusion method.
3. Notes to Balance Sheet
Accumulated depreciation of tangible fixed assets: 2,961,469,506 yen
4. Notes to Non-consolidated Statement of Changes in Net Assets(1) Matters related to outstanding shares
End of previous period…………………62,968,428 shares
At the end of the current fiscal year…62,968,428 shares(2) Number of treasury stock at the end of the fiscal year
1,718,939 shares