SUPPLEMENTAL CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP)CONTENTSCONDENSED CONSOLIDATED BALANCE SHEETS ............................... 58
CONDENSED CONSOLIDATED STATEMENTS OF INCOME................... 6057

CONDENSED CONSOLIDATED BALANCE SHEETSSECOM CO., LTD. and Subsidiaries
As of March 31

ASSETS

In millions of yen
2004

2003

2002

2001

2000

1999

Current assets:
Cash on hand and in banks.......................................
Call loans ....................................................................
Notes and accounts receivable, trade ......................
Due from subscribers ................................................
Short-term investments ............................................
Inventories..................................................................
Deferred income taxes ..............................................
Short-term loans ........................................................
Other current assets ..................................................
Allowance for doubtful accounts..............................
Total current assets.........................................

¥0,202,630
38,00046,813
17,56147,34345,477
9,768
58,793
17,205(4,925)
478,668¥175,776
30,00043,922
16,33636,402
41,3397,678
51,355
19,650(1,558)420,903¥192,437
40,00046,04814,39531,321
55,387
9,111
90,61017,441(1,501)
495,251¥135,820
35,69045,904
12,13741,03349,8605,785
36,682
14,334(1,092)
376,156¥156,888
11,00045,112
11,713
98,47952,4005,541—
38,707(973)
418,870¥151,627—
15,334
11,588113,321
24,1862,595—
27,593(1,590)344,656

Fixed assets:
Tangible assets:
Buildings and improvements ................................
Security equipment and control stations .............
Land.........................................................................
Other tangible assets .............................................

79,07265,31580,507
19,05090,82365,02687,853
17,31368,80478,32863,547
19,321

34,83573,16948,427
19,54033,18068,52145,31819,06530,29164,65841,23915,563

Intangible assets ........................................................

33,82034,544

37,46032,22523,193

14,711

207,654
188,880
158,438
63,799102,448
86,42022,52338,05638,29955,52852,09837,452(14,060)(8,010)(12,341)
613,211
669,034
575,731
187
192
207
———
¥1,092,067 ¥1,090,131 ¥1,071,190

153,553
59,586
12,21430,449(7,567)456,435410—¥833,001

70,17034,02012,73624,972(5,637)
325,541
1,294
18,784¥764,491

51,482
21,238
5,954
27,069(1,619)270,589666
11,153¥627,066

Investments and others:
Investment securities .............................................
Long-term loans .....................................................
Deferred income taxes...........................................
Other investments..................................................
Allowance for doubtful accounts ..........................
Total fixed assets ............................................
Deferred assets..............................................................
Foreign currency translation adjustments..................
Total assets .....................................................

58

SECOM—Social System Industry

In millions of yen

LIABILITIESCurrent liabilities:
Notes and accounts payable, trade ..........................
Bank loans ..................................................................
Current portion of straight bonds ..............................
Current portion of convertible bonds........................
Payables—other .........................................................
Accrued income taxes ...............................................
Accrued consumption taxes .....................................
Accrued expenses......................................................
Deferred revenue .......................................................
Accrued bonus ...........................................................
Other current liabilities..............................................
Total current liabilities ....................................

2004

2003

2002

2001

2000

1999

¥0,018,460 ¥0,015,529 ¥0,016,401
119,344
135,540
90,194
200
—
5,000
18
—
33
17,743
19,58020,22917,083
10,75623,002
3,792
3,444
3,030
2,304
1,837
1,828
28,45928,851
27,373
8,490
8,852
8,834
45,28335,14029,045
261,181259,531
224,972¥015,854
79,4095,000—
19,243
18,263
3,196
10,56327,433—
23,595202,560¥016,342
77,896——35,803
13,6472,939
9,899
26,087—31,646214,261¥009,691
40,676—
4
11,031
16,9402,514
8,617
23,749—33,979147,208

Fixed liabilities:
Straight bonds............................................................
Convertible bonds......................................................
Long-term loans.........................................................
Guarantee deposits received ....................................
Deferred income taxes ..............................................
Accrued severance indemnities................................
Accrued pension and severance costs.....................
Investment deposits by policyholders, unearned
premiums and other insurance liabilities ..............
Other fixed liabilities..................................................
Total fixed liabilities........................................
Total liabilities .................................................

32,800—43,53029,160371—
12,89932,00018
48,301
28,304459—
45,21030,50018
48,671
26,174
1—
49,6175,000
518
10,742
17,938
1,320
—
7,181

10,000578
4,934
17,086—
2,651—

10,0001,347
2,468
16,410—2,191—

276,979
2,117
397,858
659,040

274,476
4,033
432,803692,335

268,519
3,164
426,666
651,639

168,648
2,448
213,799
416,360

112,8311,932
150,014364,275

95,3201,051
128,790
275,999

MINORITY INTEREST IN SUBSIDIARIES .....................

29,77028,042

27,401

27,04927,442

13,55366,36882,544308,268
6,079(15,603)(44,400)
403,257

66,36882,544
276,397
116(11,386)(44,287)369,753

66,36082,536
250,400(246)(6,759)(141)392,149

66,12682,302
250,409
4,846(14,089)(3)
389,592

66,09682,272
224,446——(42)
372,773

65,70981,781
190,141——(119)337,513¥1,092,067 ¥1,090,131 ¥1,071,190¥833,001¥764,491¥627,066

SHAREHOLDERS’ EQUITY
Common stock ...........................................................
Capital surplus ...........................................................
Retained earnings ......................................................
Unrealized gains (losses) on securities....................
Foreign currency translation adjustments...............
Common stock in treasury, at cost...........................
Total shareholders’ equity..............................
Total liabilities, minority interest insubsidiaries and shareholders’ equity .......

59

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

SECOM CO., LTD. and Subsidiaries
Years ended March 31

In millions of yen2004

2003

2002

2001

2000

1999

Revenue ....................................................................... ¥527,409
Percentage change from prior year....................
0.8%¥523,271
5.1%¥497,921
9.4%¥454,960
10.8%¥410,492
16.5%¥352,361
11.3%

Cost of revenue ..........................................................
As a percentage of revenue ................................

324,759
61.6

325,95262.3

319,82664.2

278,91161.3245,317
59.8

204,203
58.0

Gross profit .................................................................
As a percentage of revenue ................................

202,650
38.4

197,31937.7

178,09435.8

176,04938.7

165,17440.2

148,157
42.0

Selling, general and administrative expenses..........
As a percentage of revenue ................................

121,363
23.0

124,41623.8

135,07127.2

110,787
24.4

103,658
25.2

93,433
26.5

Operating profit...........................................................
As a percentage of revenue ................................

81,28615.4

72,902
13.9

43,022
8.6

65,26114.3

61,51515.0

54,724
15.5

Non-operating income................................................
Non-operating expenses ............................................

7,798
12,841

8,672
11,512

8,088
9,569

11,333
10,32015,894
8,411

6,738
8,110

Ordinary profit.............................................................
As a percentage of revenue ................................

76,24314.5

70,063
13.4

41,541
8.3

66,27414.6

68,99716.8

53,352
15.1

Extraordinary profit.....................................................
Extraordinary loss .......................................................

31,86024,892

13,587
15,72833,491
53,15024,61826,597

6,739
4,170

36,017
4,622

Income before income taxes......................................
As a percentage of revenue ................................

83,211
15.8

67,921
13.0

21,882
4.4

64,295
14.1

71,56617.4

84,746
24.1

Income taxes—current................................................
Income taxes—deferred .............................................
Minority interest in subsidiaries ................................

30,9628,985
2,152

27,8082,171
2,358

37,095(23,550)(1,246)30,011(2,057)801

27,395(1,757)
3,111

34,945(531)
1,238

Net income ..................................................................
As a percentage of revenue ................................
Percentage change from prior year....................

41,111
7.8
15.5

35,583
6.8
271.3

9,583
1.9
(73.0)

35,540
7.8(17.0)

42,817
10.4(12.8)

49,09313.9
145.4

60