FY 2015Topics

TOHOKU UNIVERSITY
Fi nanc i al ReportCampus Preparation
We prepared many facilities such as our new campus close to the nearest new station of the new Sendai Subway Tozai Line.
Even though we have been continuously preparing many facilities as stated above, the amount of Fixed Assets has
decreased due to depreciaion expense of existing facilities.

Investment
We established THVP-1 Investment Limited Pertnership with eight private financial institutions and Tohoku University
Venture Partners Corporation, which is a 100% owned venture capital.
Moreover, in November 2015, we invested in Tohoku Magnet Institute Corporation, a venture originating from us, and thefirst investment.

TOHOKU
UNIVERSITY
Financial Report－Digest－Carried Forward To Next Mid-term Plan Period
FY 2015 was the last year of 2nd Mid-term Plan Period, so we appropriated reserve in accordance with laws andregulations. Consequently, it has been approved by the goverment that we can reserve 22,100 million yen for next midterm plan period. Apart from that, we paid 100 million yen as an unneed reserve to the National Treasury.
18,700 million yen of 22,100 million yen,the amount approved to carry forward, cannot be appropriatedfor as business resources, as it is reserved in accounts due of its correspondence to Fixed Assets. It only compensates for
future losses such as depreciaion expenses.

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

FY 2015

Ⅰ Unappropriated retained earnings
Income for the period

Ⅱ Amount of transferred reserves

Reserve for specific purposes
Reserve funds carried forward from previous mid-term plan period

Ⅲ Appropriated amountReserve
Reserve for specific purposes

FY 20144,610

3,611941
5,488ー

11,039ー3,222388▶This statement presents information about the appropriation of unappropriated retained earnings.

⎫⎬⎭

Processing of reserves at the end of mid-term plan period
Reserve funds carried forward fromprevious mid-term plan period

Approval by Minister of Education,
Culture, Sports, Science and Technology

Reserve for speciﬁc purposes

Carried forward to
next mid-term plan period

5,488 million Yen

941 million Yen

Reserve（no cash reserved）

2 015. 4 .1～2 016 . 3.31

Reserve

22,124 million Yen

22,226 million Yen(Amount of breakdown)
cash reserved
3,351 million Yen
no cash reserved 18,773 million Yen

11,186 million Yen

Unappropriated retained earnings
4,610 million Yen

Fiscal Year 2016

payment to the National Treasury
101 million Yen※In the last year of mid-term plan period, it is prescribed that the amount of reserve(=earned surplus)
approved by Minister of Education, Culture, Sports, Science and Technology only can be carried forward
to next mid-term plan period and the remainder of that should be paid to the National Treasury.

This section presents
the burden on citizens
in income statement bydeducting non-subsidy
revenue.
This section presentsthe increase ofburden on citizens
that is not included inincome statement.
This section presents
opportunity costs that are
favorable in comparison
with the private sector
when using the assets ofgovernment, etc.

Operation Cost Statement (summary)(In millions of Yen)Items

FY 2015

FY 2014

Ⅰ Operating expenses

69,17073,934

Ⅱ Depreciation expense not included in income statement
Ⅲ Increase of estimated bonuses not included in income statement

8,094

7,009

1,187

▲ 1,178

Ⅳ Opportunity cost

1,098

1,958

Expenses in income statement(Deduction) Non-subsidy revenue,etc

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

Ⅴ (Deduction) Amount paid to the national treasury
Ⅵ Operation cost--

79,55081,723▶Operation cost statement presents the burden on citizens to operate nationaluniversities. Item Ⅶ indicates the burden on citizens by our university.

Tohoku University

Financial Report 2016 (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

TOHOKU UNIVERSITYTOHOKU UNIVERSITY Finansial Report －Digest－Fi nanc i al Report

Balance Sheet (summary)
Items(In millions of Yen)

FY 2015 FY 2014

Items

FY 2015 FY 2014

AssetsLiabilities(Non-current assets)(Non-current liabilities)
132,795 133,801

Deferred inflow of assets

91,506

98,902

154,863 157,346

Long-term borrowings

32,71433,574

Machinery and equipment

48,61360,921

Other

8,255

11,140Books/Work of art

25,51425,404(Current liabilities)

Construction in progress

16,225

11,398Deferred inflow of grants for
operations

－

4,361

Investment securities

1,650

1,652

18,47918,73560

48

Current portion of long-termborrowings

3,522

3,712

908

－

Accounts payable

22,496

23,792

1,542

1,504

3,069

3,842

Other
(Current assets)

Other
Total (Liabilities )180,044 198,060

Cash and deposits

36,09340,944

Net assets

Accounts receivable

11,71914,169

Capital

192,209 192,720(Accounts receivable - student fees

142151）

Capital surplus

36,12439,993

receivable - university( Accounts
hospital

7,875

7,328）

Earned surplus

22,22619,156(Other accounts receivable

3,702

6,688）

funds carried forward from( Reserve
previous mid-term plan period

5,488    5,488）－2,000(Reserve for specific purposes

941    2,093）

616

740

Securities
Other current assets(Reserve11,186    7,963）(Unappropriated retained earnings
Total (Net assets)
Total (Assets)

430,604 449,932

4,610    3,611）
250,559 251,871

Total (Liabilities ,Net assets) 430,604 449,932▶Balance sheet presents information about the financial position on the reporting date bypresenting all assets, liabilities and net assets.

Assets

FY2015382,174

FY2014

392,077

57,854 449,932

381,685

89,979FY2013

430,604million Yen

019,328million Yen(decrease from FY 2014)

50,00048,429 430,604

471,664

FY2015

132,475

FY2014

143,617

FY2013161,080

180,044018,016million Yen

50,000100,000

47,568150,000

250,559million Yen
1,312million Yen(decrease from FY 2014)

246,734
250,000

350,000million Yen■Current liabilities

192,20936,124 22,226 250,559

FY2014

192,720

39,993 19,156 251,871

FY2013

192,720
50,000100,000

16,642 15,567 224,930
150,000▲ 16,874▲ 39,906▲ 5,741▲ 7,183－－

Ⅴ Net increase in cash

▲ 4,850▲ 29,772

Ⅵ Cash at beginning of period

40,64470,416

Ⅶ Cash at end of period

35,79340,64445,14047,752

Research

30,29733,052Student fees

10,881

10,838

Medical service

23,842

23,828

Revenue ofuniversity hospital

37,63436,598Support for education
and research

3,475

3,063

Sponsored research/Donations

21,472

19,485Sponsored research

14,46012,951

Decreases in deferredinflow of assets

14,356

14,633

Personnel expenses

59,971

59,868Other grants

11,95812,137

Ⅲ Cash flows from financing activities

General administration

4,295

3,331

Grants for facilities

179

1,040

Repayment of finance lease liabilities

598

663

3,728

3,788

22

Payments for personnel expenses
Proceeds from grants for operations

Finance costs
Other

Other

Extraordinary loss
Income for the period

Extraordinary profit

4,610

3,611

Reversal of reserve for
specific purposes

2,836

3,072

6821

▶Income statement presents information about the financial performance during a reporting periodby presenting all revenue and expenses.
Other 0％Ordinary expenses 142,778million Yen

Education 4％Finance costs
0％279 million Yen (increase from FY 2014)

Generaladministration
3％

Purchase of property, plant and equipment andintangible assets

Ordinary revenue Total 145,351 146,274

3,258

Ⅱ Cash flows from investing activities
Payments for time deposits

Ordinary expenses Total 142,778 142,499
867

Proceeds from student fees

Proceeds from grants for facilities

Repayment of long-term borrowings

Ⅳ Effect of exchange rate change on cash

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

Change in Amount of External Funds andProceeds from grants for operations(In millions of Yen)

80,00070,000Research 21％

60,00036,223■Current assets

FY2015017,318

Grants for operations

50,000

Medical service
17％

Other 3％Grants for facilities 0％■Non-current liabilities(decrease from FY 2014)

Net assets

200,000

FY 2014

17,765

5,737

198,060
85,653

FY 2015

5,833

180,044

54,443(In millions of Yen)Items

Ⅰ Cash flows from operating activities

Ordinary revenue

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 million Yen■Non-current assets

million Yen

FY 2015 FY 2014

Education

Ordinary
expenses

Liabilities

Items

FY 2015 FY 2014

Cash Flow Statement(summary)

Payments for raw materials, goods and service

Buildings

Deferred inflow of donations/Deferredinflow of Sponsored ResearchItems(In millions of Yen)

Ordinary expenses

Land

Shares of subsidiaries
and associates
Other securities of subsidiaries
and associates

Income Statement (summary)

Personnel
expenses
42％

Support for
education andresearch 2％

Sponsored
research 10％

250,000

300,000 million Yen■Capital■Capital surplus■Earned surplus47,927

8,455

10,261

30,00014,968Other grants 8％

13,50247,033
44,694

44,59918,777

14,74914,30546,313

16,664

13,80812,342

10,28916,44817,96220,000Decreases indeferred inflow
of assets 10％

Sponsored
research /Donations
15％

10,000Ordinary
revenue

0

13,921

14,68013,503

16,810

4,088

4,854

4,404

3,702

3,821

3,527

FY2010FY2011FY2012FY2013

FY2014FY2015■Grants■Grants-in-Aid for Scientiﬁc Research

Ordinary revenue 145,351 million Yen

200,000

40,000Grants foroperations 31％

48,444923 million Yen (decrease from FY 2014)■Sponsored Research

Revenue ofuniversity hospital
26％

Studentfees
7％■Donations
Grants for operations