FY 2012
TopicsTOHOKU UNIV. Financial Report

Increase of Fixed Assets
Fixed Assets increased due to the acquisition of alternative equipments andthe renovation of buildings financed by transfers appropriated in the budget
for reconstruction of assets damaged by Great East Japan Earthquake.

TOHOKU UNIV. Financial Report

Financial Highlights for FY2012●We have been repairing "buildings and research facilities" which had beendamaged by the Great East Japan Earthquake since FY2011.Fixed assets
increased due to the repairs of buildings and equipments.

(Increase fromFY2011)12.5billion Yen(Increase fromFY2011)

Increase of Grants
Grants increased due to the activation of research activities suchas eight projects at the Institute for Disaster Reconstruction andRegeneration Research.

Financial Highlights
for FY2012

29.8
billion Yen

Increase of Capital
Capital increased due to the contributions made by the Governmentof Japan which stimulates commercialization of products jointly
developed between companies and university researchers.

TOHOKU UNIVERSITY
Financial Report

3.0

TOHOKU UNIVERSITY
Financial Report−Digest−billion Yen(Increase fromFY2011)

Institute for Disaster Reconstruction and Regeneration Research
As an university located at the center of the disaster-affected area,
Tohoku University will continue to play a leading role in reconstructing Tohoku
and in revitalizing Japan.
Mission1

Contributing to post-disaster reconstruction and regional regeneration

Fiscal Year 2012

Mission2

Missions Creating a multidisciplinary center of excellence for post-disaster reconstruction●Ordinary expenses and revenue totaled 120 billion Yen due to increasedtransfers including grants, revenue arising from services rendered by Tohoku
University Hospital,and cost of disaster recovery projects such as eight projects
at the Institute for Disaster Reconstruction and Regeneration Research.
Ordinary expenses and revenue in the previous period and the current period
were higher than before the Great East Japan Earthquake had occurred.
●The Government of Japan made contributions(12.5 billion Yen) to us andprovided us with grants for operations (2.5 billion Yen) appropriated in thesupplementary FY2012 budget in order to stimulate commercialization ofproducts jointly developed between companies and university researchers.
（In millions of Yen)

Financial Statements Items

FY2010 FY2011 FY2012

Balance SheetAssets

351,959

387,005

424,497

Liabilities

150,732

180,608

204,333

Net assets

201,227

206,396

220,164

Income Statement Expenses

114,729130,046

134,045

2012.4.1〜2013.3.31

Mission3

Establishing a cross-disciplinary research organization to conduct problem-solving
projects

Ordinary expenses
Schemes that can respond ﬂexibly tovarious needs(possibilities)

Cooperation with national and local governments(contribution to reconstruction vision /plans through One-stop Services)

Institute for Disaster
Reconstruction andRegeneration Research

Extraordinary loss

Government
Ministerial agencies
Local Governments
Citizens

Center for gathering the collective wisdom of
foreign and Japanese institutions

Related Institutions / CompaniesIn Japan and abroad

Eight Projects

Relief activities for affected people

Project 2 Project for the Reconstructionof Community Health Care

Survey and understanding extentof damage

Project 3 Project for Environmental
EnergyProject 4 ICT Reconstruction Project
Project 5 Tohoku Marine Science Project
Project 6 Radioactive Decontamination
Project
Project 7 Regional Industries Restoration
Support Project
Project 8 Industry-University Collaboration
Development Project for Reconstruction＋Recovery and reconstruction activities
Disaster prevention and mitigation
measures
Improvement of infrastructure andother facilities
Industrial reconstruction andresearch and development(7,196)(7,610)116,876

132,356

136,198

Ordinary revenue(116,525) (126,213) (128,479)

Extraordinary profit(351)(6,143)

Reversal of reserve for specific purposes

297

160

122

2,444

2,470

2,275

Tohoku University

Financial Report (Digest)
Contact us

Account Settlement office,Finance Department,Tohoku University
1-1 Katahira 2-chome,Aobaku, Sendai 980-8577 JAPANURL http://www.bureau.tohoku.ac.jp/kessan/zaimu/zaimu.html(7,718)Provision of reserve for specific purposes

1,802

352-

Operating activities

19,38842,47322,930Investing activities▲ 14,272 ▲ 33,105▲ 4,326Financing activties▲ 8,424▲ 4,725

3,771

Cash at beginning of period

26,461

23,152

27,795

Cash at end of period

23,152

27,79550,170Operation Cost Statement Operation cost

62,77170,70073,974

Statement of Comparison Receipts
of Budget and Actual
Payments
Amounts
Net receipts (Receipts - Payments)

128,939

170,094

186,767

117,413145,110

168,921

11,52624,985

17,847

Cash Flow
Statement

Reconstruction Action 100 ＋

Project 1 International Research Projects
on Disaster Science(361)

Revenue

Income for the period

Eight Projects/Reconstruction Action 100＋(114,367) (122,849) (126,434)*Amounts less than one unit are omitted.

TOHOKU UNIV. Financial Report

TOHOKU UNIVERSITY Finansial Report －Digest－

Cash Flow Statement(summary)

Balance Sheet (summary)Items

FY 2012This section
presents cash
flows throughbusiness activities
of education andresearch, etc.

Ⅰ Cash flows from operating activities

This section presents
cash flows through"the investment
for establishmentof managementfoundation".

Ⅱ Cash flows from investing activities

This section
presents cash
flows aboutborrowings,etc.

22,930FY 201142,473

 ayments for raw materials, goods andPservice
Payments for personnel expenses
Proceeds from grants for operations
Proceeds from student fees

▲ 4,326 ▲ 33,105

Payments for time deposits
P u r c h a s e o f p r o p e r t y, p l a n t a n dequipment and intangible assets
Proceeds from grants for facilities

Ⅲ Cash flows from financing activities▲ 4,725

 epayment of long-term borrowings
RRepayment of finance lease liabilities
Proceeds from issue of share capitalⅣ Effect of exchange rate change on cash

(In millions of Yen)

Items

Items

FY 2012 FY 2011——FY 2012 FY 2011Assets

Liabilities(Non-current assets)(Non-current liabilities)

Land

134,561 135,086

Deferred inflow of assets

90,411

61,519Buildings

117,834 114,712

Long-term borrowings

39,91743,669Machinery and equipment

52,81038,152

Other

7,448    6,246

Books/Work of art

25,39925,578(Current liabilities)

Construction in progress

17,542

4,960

Deferred inflow of grants for
operations

11,922

Other

1,559

1,343

Deferred inflow of donations/Deferredinflow of Sponsored Research

17,615Current portion of long-termborrowings(Current assets)
3,771

44,668

Research24,694

20,946Student fees

10,911

11,30025,051

Medical service

22,147

21,782

Revenue of university
hospital

34,23632,742

16,7803,752    3,845

Support for education
and research

3,412

2,783

Sponsored research /Donations

16,29817,984

Sponsored research

10,917

12,474

Decreases in deferredinflow of assets

9,750

7,959

Personnel expenses

56,05355,861Other grants

10,0797,025

Accounts payable

29,757

9,826

Other

3,507    3,409(Accounts receivable - student fees)

167186）(Accounts receivable - universityhospital)

6,470

6,301）Net assets(Other accounts receivable)

6,086

3,339）

Capital

192,720 180,220

11,1604,005

Capital surplus

14,80914,462

734

394

Earned surplus

12,634

11,713

4,642

Securities

23,152Other current assets

Ⅶ Cash at end of period

50,17027,795The Cash flow statements is a cash basis report and presents each cash inflow and cash outflow
of "operating, investing, and financing activities".

20,085204,333 180,608

General administration

Reserve funds carried forward fromprevious mid-term plan period

5,488    6,797）

Reserve for specific purposes

2,108    1,802）

Reserve

2,761     642）

Unappropriated retained earnings

2,275    2,470）

Total (Net assets)
Total (Assets)

220,164 206,396

Total (Liabilities ,Net assets) 424,497 387,005

424,497 387,005

Balance sheet presents information about the financial position on the reporting date by presenting all
assets, liabilities and net assets.

Central Government

Private persons, companies（Ministry of Education, Culture, Sports,
Science and Technology・Ministry ofEconomy, Trade and Industry）

Donations
4,404 million Yen

Grants
18,777 million Yen(Include Indirect Expenses
105million Yen)

The Grants are providedfor speciﬁc businessesof national universities
by government.

GranApptlica

9%

tion

36%

ExternalFunds（FY2012）

ionnatDo

The Donations madefrom companies andlocal residents are used
to fulﬁll research andeducation activities.

26%

billion Yen

Government（Ministry of Education, Culture, Sports,
Science and Technology・Ministry ofHealth, Labour and Welfare・Japan
Society for the Promotion of Science）(Include Indirect Expenses
3,270million Yen)

The Grants-in-Aid are provided
with researchers for thepurpose of developing
academic research in various
ﬁelds from basic to application.

CotnranatioG

Sponsored Research/
Sponsored Operations

ntr

plic

14,749 million Yen

29%Ap

Grants-in-Aid for Scientiﬁc ResearchCompanies, Central Governments,
Local Governments
acts

13,503 million Yen

3,289

3,174

Grants for facilities

Finance costs

954

1,065

Other

Other

22

14

Assets424,497million Yen

FY2011

319,833

FY2010311,122

37,492million Yen0(increase from FY 2011)

204,333million Yen

349,707

FY2012FY2012

Net assets
220,164million Yen
13,768million Yen

50,000Extraordinary loss

7,196

Extraordinary profit

7,718

6,143

2,470

Reversal of reserve forspecific purposes

1221607,610

Income for the period

2,275(increase from FY 2011)

128,479 126,213

Income statement presents information about the financial performance during a reporting period bypresenting all revenue and expenses.

Finance costs 1％
Generaladministration
3％

150,000

Ordinary
expenses■Non-current liabilities■Current liabilities

Ordinary expenses 126,434million Yen
Education 4％

3,585 million Yen (increase from FY 2011)

Research 19％

Medicalservice
17％
Support for
education andresearch 3％

200,000

250,000 million Yen

14,809180,220

14,462FY2010180,220

9,052

100,000150,000

Ⅰ Operating expenses

This section
presents theburden on
citizens in income
statement by
deducting nonsubsidy revenue.

68,11963,652

6,197
Ⅱ Depreciation expense not included in income statement▲ 213
Ⅲ Increase of estimated bonuses not included inincome statement
Ⅳ Increase of estimated retirement benefit not ▲ 1,804
included in income statement

6,882

Expenses in income statement
Operating expenses
General and administrative expenses(Deduction) Non-subsidy revenue,etc
Student fees
Revenue of university hospital
Sponsored researchThis section presents
the increase ofburden on citizens
that is not included inincome statement.
This section
presents
opportunity costs
that are favorable incomparison with theprivate sector whenusing the assets ofgovernment, etc.

Ⅴ Opportunity cost33
▲ 2,259

1,675

2,391

Opportunity cost of transactions of decreased or free-ofcharge usage fees of the central or local governments
Opportunity cost of contributions from the government of Japan

Ⅵ (Deduction) Amount paid to the national treasury
Ⅶ Operation cost——

73,97470,700Operation cost statement presents the burden on citizens to operate national universities.
Item Ⅶ indicates the burden on citizens by our university.

Statement of Appropriation of Earned Surplus (draft)(In millions of Yen)

FY 2012

Ⅰ Unappropriated retained earnings
Ⅱ Appropriated amountReserve
Reserve for specific purposes
その他 0％FY 2011

2,275

2,470

2,275
—2,118352

This statement財務費用
presents
the appropriationof unappropriated retained earnings.
4％
1％information about教育経費
一般管理費 3％

FY201150,000FY 2012 FY 2011

研究経費 19％

Reversal of reserve for specific purposes in FY 2012

45,082100,000

Items

Income for the period

69,172

192,720

FY201204,074

Ordinary revenue Total

Personnelexpenses
44％

Sponsored research 9％(Include Indirect Expenses
1,875million Yen)

On Sponsored Research andOperations in various forms,universities and Industries
cooperate with each other.

4,328

40,83766,555

105,6500459

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 million Yen

111,435

FY2010■Current assets

67,171

137,777

FY2011

23,725million Yen(increase from FY 2011)

50,000■Non-current assets

74,789271

Ordinary expenses Total 126,434 122,849

Other 0％Liabilities

51.4

Ordinary revenue
42,603

52,945

27,795

Ordinary expenses(In millions of Yen)

FY 2012 FY 2011

Grants for operations

12,72522,374Items

FY 2012 FY 2011

4,746

50,170Ⅵ Cash at beginning of period

Items

4,942

Cash and deposits

Total (Liabilities )(In millions of Yen)

Education

Accounts receivable

Ⅴ Net increase in cash

■ External Funds

Operation Cost Statement (summary)

Income Statement (summary)(In millions of Yen)

12,634
11,713■Capital surplus■Earned surplus

Ordinary revenue 128,479million Yen

11,953200,000

250,000 million Yen

Other 3％Grants for facilities
0％2,266 million Yen (increase from FY 2011)

経常費用

Grants for operations
33％

Other grants 8％（1,264億円）
1st mid-termplan period

Decreases indeferred inflow
of assets 8％Sponsored
research /Donations
13％■Capital

In FY 2012, Tohoku University spent 1,309 million yen from reserve funds carried forward fromprevious mid-term plan period and 45 million yen from reserve for specific purposes to build Katahira
Kitamon Commons which includes accommodations for overseas researchers and seminar rooms.

(FY2004-FY2009)

人件費 44％

Ordinary
revenue

2nd mid-termplan period
Revenue ofuniversity hospital
27％

Reserve funds carriedforward fromprevious
mid-term plan period
6,797 million Yen(FY2010-FY2015)

Student fees
8％

Reversal of reserve
for speciﬁc purposes
in FY 2012
1,309 million Yen

Carryforward
to FY2013
5,488 million Yen
受託研究費等 9％Reserve for
speciﬁc purposes
2,154 million Yen

Reversal of reserve
for speciﬁc purposes
in FY 2012
45 million Yen

Carryforward
経常収益 128,479百万円

to FY2013
2,108 million Yen

対前年度 2,266百万円増

Acquisition of assets
1,231 million Yen

Other expenses
77 million Yen

Acquisition of assets−

Other expenses
45 million Yen