Balance Sheets
As of March 31, 2019 and 2020
Thousands of U.S. dollars※2020Millions of yen20192020[Assets]
Current assets
Cash and deposits
Accounts receivable
Land and buildings for sale
Prepaid expenses
Short-term loans receivable
Other
Allowance for doubtful accounts
Non-current assets
Tangible fixed assets
Buildings
Structures
VehiclesTools, furniture and fixtures
LandConstruction in progress
Intangible fixed assets
Leasehold rights
Other
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in other securities ofsubsidiaries and associates
Guarantee deposits
Other
Allowance for doubtful accounts

Total assets¥144,064
2,565
5,031
114,653213
19,7271,878(4)¥127,542
1,870
1,573
120,268
227
2,191
1,412
(1)

$1,170,110
17,156
14,431
1,103,376
2,083
20,101
12,954(9)

287,907172,01246,976374
14292,160
168,725
50,422382
82,680,367
1,547,936
462,587
3,505
73

343

347

3,183

104,484
19,820829
465
364
115,064
75,056
24,622

99,52818,036874
465
409
122,559
58,14033,326913,101
165,468
8,018
4,266
3,752
1,124,394
533,394
305,743

11,65427,274250,2202,220
1,548(38)

2,387
1,465
(34)

21,89913,440(312)431,971419,7023,850,477※The U.S. dollar amounts have been translated, for convenience only, at 109 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2020

-1-Balance Sheets
As of March 31, 2019 and 2020
Thousands of U.S. dollars※
2020

Millions of yen
2019

2020

[Liabilities]
Current liabilities
Short-term loans payable
Accounts payable
Income taxes payable
Accrued consumption taxes, etc.
Advances received
Deposits received
Provision for bonuses
Non-current liabilities
Long-term loans payable
Guarantee deposits received
Deferred tax liabilities
Provision for retirement benefits
Other
Total liabilities¥139,533
116,700
12,059
531
487
5,713
3,841
201
148,082
107,700
20,44918,3181,562
53¥86,195
62,50012,971
815
560
4,494
4,735
119
198,009
163,000
20,588
12,6251,742
53

287,616

284,205

98,995
12,426
12,242
12,242
74,326
1,437
72,888102,908
12,426
12,424
12,42478,2391,437
76,801$790,780
573,394
119,000
7,477
5,138
41,22943,4401,092
1,816,596
1,495,413
188,881
115,826
15,982486
02,607,385
0944,110114,000
113,982
113,982
717,789
13,183
704,596

533

520

4,771

88
72,267

88
76,192807
699,00945,35932,588298,972

45,35932,588298,972

144,355
431,971

135,497419,702

1,243,092
3,850,477[Net assets]
Shareholders’ equity
CapitalCapital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of
fixed assets
General reserve
Retained earnings brought forward
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total net assets
Total liabilities and net assets※The U.S. dollar amounts have been translated, for convenience only, at 109 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2020-2-Statements of Income
Years ended March 31, 2019 and 2020
Thousands of U.S. dollars※2020Millions of yen
2019

2020

¥114,708¥116,503$1,068,835

22,77791,93023,73992,763

217,789851,037

Operating cost

90,011

89,842824,239

Gross operating profit

24,696

26,661

244,596

Selling, general and administrative expenses

13,45012,774

117,193

Operating profit

11,246

13,887

127,404

942

1,302

11,945

835
107

1,252
50

11,486459

Non-operating expenses

2,162

1,886

17,303

Interest expenses
Miscellaneous losses

1,574
587

1,697
188

15,5691,725

10,026

13,303122,046

Extraordinary losses

141

00

Other

141

00

Profit before income taxes

9,884

13,303122,046

Income taxes - current

2,968

3,940

36,147

Income taxes - deferred

(13)

(94)

(862)

6,929

9,456

86,752

Operating revenue
Land and building rental revenue
Land and building sales revenue

Non-operating revenue
Interest and dividends received
Miscellaneous revenue

Ordinary profit

Net profit※The U.S. dollar amounts have been translated, for convenience only, at 109 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2020

-3-

Statements of Changes in Net Assets
Years ended March 31, 2019 and 2020
(Unit: Millions of yen)
Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Valuation
Total
Total valuationdifference on
Total retained shareholders’ available-for- and translation
equityadjustments
earnings
sale securities

Other retained earnings
CapitalBalance as of March 31,2018

Capital reserve¥12,426¥12,242

Total capitalsurplus

Earnings
reserve¥12,242

Reserve foradvanceddepreciation offixed assets¥1,437¥545

Retainedearnings
brought
forwardGeneralreserve¥88¥72,267¥68,749¥70,820(3,423)
6,929(3,423)
6,929

12¥95,489

Total net
assets¥34,539¥130,028(3,423)
6,929-(3,423)
6,929

-

-

-

-

-

-

10,82010,82010,820Changes during the year-

Dividend of surplus
Net profit
Reversal of reserve foradvance depreciationof fixed assets-

Changes in items
other thanshareholders ’ equity
during the year (netamount)

-

(12)

Total changes during theyear

-

--

-

(12)

-

3,518

3,505

3,505

10,82010,82014,326

Balance as of March 31,
201912,426

12,242

12,242

1,437

533

88

72,26774,32698,99545,35945,359144,355(5,544)
9,456(5,544)
9,456(5,544)
9,456-(5,544)
9,456

12-

-

---

-

(12,770)(12,770)(12,770)

Changes during the year-

Dividend of surplus
Net profit
Reversal of reserve foradvance depreciationof fixed assets-

Changes in items
other thanshareholders ’ equity
during the year (netamount)

-

(12)

Total changes during theyear

-

-

--

(12)

-

3,925

3,912

3,912

(12,770)(12,770)(8,857)

Balance as of March 31,2020

12,426

12,242

12,242

1,437

520

88

76,192

78,239102,908

32,58832,588135,497(Unit: Thousands of U.S. dollars※)Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

CapitalBalance as of March 31,
2019

Total capital
Capital reserve
surplus$114,000$112,312

Earnings
reserve$112,312

Reserve foradvanceddepreciation of
fixed assets$13,183$4,890Retainedearnings
brought
forwardGeneralreserve$807

Valuation
Total
Total valuationdifference on
Total retained shareholders’ available-for- and translation
equityadjustments
earnings
sale securities$416,138

Total net
assets$663,000$681,890$908,211$416,138 $1,324,358(50,862)
86,752(50,862)
86,752(50,862)
86,752-(50,862)
86,752

110

--

-

-

-

-

(117,156)(117,156)(117,156)

Changes during the year-

Dividend of surplus
Net profit
Reversal of reserve foradvance depreciationof fixed assets-

Changes in items
other thanshareholders ’ equity
during the year (netamount)

-

(12)

Total changes during theyear

-

-

-

-

(110)

-

36,00935,89035,890(117,156)(117,156)(81,257)

Balance as of March 31,2020

114,000

112,312112,312

13,1834,771

807

699,009717,789

944,110298,972

298,972

1,243,092※The U.S. dollar amounts have been translated, for convenience only, at 109 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2020

These financial statements in English are based on information in the company’s accounts for the 71st term audited by KPMG AZSA LLC.
This information is presented in a manner consistent with the data published in the announcement of financial results. However, these-4financial statements in English have not been audited by KPMG AZSA LLC.