TOHOKU UNIVERSITY
Summary of Financial Report

Fiscal Year 2020

Summary of Financial Report
Fiscal Year 2020
Tohoku University is promoting ‘engagement-based university management’,in which we collaborate with various stakeholders.
As part of our efforts, we have prepared a Summary of Financial Report and made it widely available
to our stakeholders in order to inform them of our financial situation in an easy-to-understand manner.
We hope that this Summary of Financial Report will provide an opportunity
to deepen our ‘co-creation’ efforts based on a shared dialogue.

Scope of reporting: Tohoku University
Period covered by the report: April 1, 2020 to March 31, 2021
Please note that some of the information included is from outside the above period.

BA L ANCE SHE E T

I NCOME STAT EMENT

Decrease in the value of buildings

Decrease in revenue from University Hospitaland increase in the value of machinery and equipment

and increase in the amounts for sponsored research and other grants

In this section is presented an outline of the balance sheet for FY2020.

This section presents an outline of the Income Statement for FY2020.

Balance SheetItems（ In millions of Yen ）FY 2020

FY 2019

Change fromprevious year

Items

AssetsLiabilities（ Non-current assets ）（ Non-current liabilities ）Land
Buildings
Machinery andequipment

122,125
151,169
27,057122,125
153,6280▲ 2,459

26,169888

26,376

26,381

▲5344

2,501

▲ 2,157

Investment securities

12,092

12,158▲ 66

Shares of subsidiaries
and associates

138

129

9Books/Work of art
Construction in progress

Other securities ofsubsidiaries andassociates

5,499

Other

1,059

4,517
1,361982▲ 302

Cash and deposits

39,987

33,777

6,210

Accounts receivable

12,581

10,917

1,664

171

124

47

Securities（ Redemption
within one year ）Other current assets

Total（ Assets ）885

399,490769

394,563

116

4,927

FY 2019

Change fromprevious year

67,917

67,346571

Long-term borrowings

26,84029,733▲ 2,893

Other

12,414▲ 2212,436（ Current liabilities ）Deferred inflow of grants
for operations

2,950

1,866

1,084

Deferred inflow ofdonations/Deferredinflow of SponsoredResearch

20,687

Current portion of longterm borrowings

3,610

3,549

61

Accounts payable

19,51815,203

4,315

Other

5,567

4,527

1,040

159,508153,653

5,855

Capital

192,192

192,1920

Capital surplus

19,89022,168▲ 2,278（ Capital surplus

126,382

121,862

18,9901,697▲ 106,491▲ 99,6934,520 ）Earned surplus

27,89926,5481,351（ Gross profit

2,306

1,232

1,074 ）

Total（ Net assets ）239,982

240,910▲ 928

Total（ Liabilities ,Netassets ）399,490394,563

4,927

The balance sheet presents information about Tohoku

On the other hand, the value of machinery andUniversity s financial position on the reporting date byequipment increased following the upgrading of thepresenting all of its assets, liabilities, and net assets.

supercomputers at the Cyber Science Center and newvalue of buildings due to depreciation, as there were nolarge-scale facility improvement projects.

FY 2020

Change fromprevious year

FY 2019

acquisitions funded by large grants; together thesevalues exceeded depreciation.

Items

FY 2020

FY 2019

Change fromprevious year

Ordinary revenue

Education

5,429

5,855

▲ 426

Grants for operations

41,77943,848▲ 2,069

Research

18,70819,498▲ 790

Student fees

10,714

10,807▲ 93

Medical service

27,36428,177▲ 813Revenue from University

41,51942,365

▲ 846

2,592

3,221▲ 629

Sponsored research

20,631

19,102

1,529

Sponsored research

15,851

15,077774

Other grants

8,460

7,080

1,380

Personnel expenses

60,83260,494

338

General administration

3,504

4,009

▲ 505

Donations

2,477

2,726

▲ 249

910

518

392807

448

359

1

10

6,367

6,835

▲ 468

4,456

4,601

▲ 145

137,213

137,818▲ 605

147253

▲ 106

610

305

305

Support for education
and research

Finance costs

Hospital

Grants for facilities
Decreases in deferredinflow of assets
Other
Ordinary revenue Total

Ordinary expenses Total
Extraordinary loss
Gross profit

Finance costs 1%

135,195

136,854▲ 1,659470

289181

2,306

1,232

1,074

Other 0%
Education 4%

General administration 2%

Personnel
expenses45%

Ordinaryexpenses（ 1,351billion Yen ）Reversal of reserve for
specific purposes

The Income Statement presents information about theuniversity s financial performance during the reportingO rd i n a r y e x p e n s e s a re re c o rd e d b y p u r p o s e , s u c ha s e d u c a t i o n a n d re s e a rc h , a n d o rd i n a r y re v e n u e
is recorded by financial source, such as grants for

Medicalservice
20%

Sponsoredresearch
12%

operations and revenue from University Hospital.
The income statement for FY2020 shows a decrease

Support for education
and research 2%

in revenue from University Hospital and an increase inexternal funding. Revenue from University Hospital werelower due to a decrease in the number of inpatients andDecreases in deferred inflow of assets 5%
Other 3%Grants for facilities 1%

outpatients. This was caused by a general reluctanceamong people to see a doctor because of the COVID-19

Other grants 6%

Sponsored
research /Donations
17%

Extraordinary profit

period by stating all of its revenues and expenses.

Research14%▲ 6,798 ）※ Amounts are rounded down to the nearest million, so the total amounts may not necessarily match.（ The same applies hereinafter. ）The balance sheet for FY2020 shows a decrease in theItems

OtherNet assets（ Accumulated
depreciation notincluded in incomestatement（ In millions of Yen ）Ordinary expenses

Deferred inflow of assets

Total（ Liabilities ）（ Current assets ）FY 2020

Income Statement

pandemic. The amounts for sponsored research andGrants foroperations
Ordinary30%
revenue（ 1,372billion Yen ）Revenue fromUniversity Hospital
30%

other grants were higher because of an increase inlarge-scale contract research with AMED（ Japan Agency
f o r M e d i c a l R e s e a rc h a n d D e v e l o p m e n t ） a n d j o i n t
research with private companies, as well as grants forStudent fees 8%

COVID-19 research from the national government andMiyagi Prefecture.

VARIOUS FINANCIAL DATA TOPICSMore than twice the amount of tuition fees received was invested backRatio of Non-subsidy revenue

into educational activities for students（ In millions of Yen ）This is an indicator of the ratio

Non-subsidy revenue / Income from operations

This section describes the characteristics and trends for a range of financial data for FY2020.
160,000

62.5
140,000

Educational expenses per student (in a broad sense)

61.1
60.0

59.6

1,600

25,000,000

20,982,786
20,000,000

1,177

5,833,351
15,000,000

20,598,963

120,211
1,257,600

1,154

20,781,860
1,15621,597,692

5,855,332

5,524,762
166,721
1,156,633

209,605
182,825
1,450,392

1,647,368

21,191,555
1,191

1,400

1,200

5,429,166
165,633
1,324,212

the amount of tuition（ 535,800 yen

12,441,029

12,712,640

13,190,013

Education

13,080,388
400

5,000,000
200

1,246,169

1,478,006

FY2015FY2016

1,492,715
FY20171,183,687

1,186,880

1,192,156

FY2018FY2019FY20200in external funding, such as grants

general administrationand funding for commissioned

42,47446,31340,00013,808

11,89446,0837,357

as a special factor.

20,000Grants

1,077

10,923

10,702

1,145

1,345

10,00012,869Commissioned researchDonations
Grants for operations

03,825

4,273

4,015

Grants-in-Aid for Scientific Research
Cooperative research

134,995

134,190130,305

14,163

15,371

132,250

132,495

135,622the higher the earning power of
non-subsidized revenue. Nonsubsidy revenue includes external
f u n d i n g , re v e n u e f ro m U n i v e r s i t y
Hospital, admission fees, tuition

71,821FY201576,759FY201676,445FY2017

77,20978,914FY2018FY2019non-subsidy revenue was the sameas the previous year because non-80,861

FY2020f ro m G r a n t s - i n - A i d f o r S c i e n t i f i c
Research. In FY2020, the ratio of50.0%

20,00048.0%

subsidy revenue was higher following
an increase in external funding, andRatio of Non-subsidy revenue = Non-subsidy revenue（ calculated by subtracting operating subsidy income andsubsidy income from income from operations ）/ Income from operations

Income from operations

Educational expenses per student（ in aRatio of Non-subsidy revenue（ Tohoku University ）broad sense ）Ratio of Non-subsidy revenue（ Average of 7 universities ）subsidy revenue included in income
from operations was also higher.

43,124

44,7989,199

40,592

46,042

Every year, the acquisition cost ofbuildings is increasing due to new

15,784

1,297
4,719

U n i v e r s i t y, T h e U n i v e r s i t y o f To k y o , N a g o y aU n i v e r s i t y, K y o t o U n i v e r s i t y, O s a k a U n i v e r s i t y,
Kyushu University

acquisitions and the maintenance of

7,674

10,518
1,287
1,326

6,001

5,003

14,004

12,725（ In millions of Yen ）300,000

65.0%

62.5

existing buildings, and accumulated
depreciation is likewise also

Acquisition cost ／ Accumulated depreciation

60.5

250,000

58.8

increasing, so the undepreciated
10,822

10,544※ 7 u n i v e r s i t i e s : H o k k a i d o U n i v e r s i t y, To h o k uAcquisition costs and accumulated depreciation of buildings

proportion was about half that of
10,289Commissioned project

52.0%

Non-subsidy revenue

retirement benefits, which is treated
30,000operations. The higher this ratio,

60.0%

57.2
200,000

53.9

acquisition costs at the end of
FY2020.

55.0%

51.7

150,000※ Buildings = Buildings, Structures

50.0%※ The undepreciated portion =（ acquisition cost -accumulated depreciation ）/ acquisition cost

100,000

92,921

14,643

105,230

116,075

121,271

131,650

141,206

50,000Acquisition cost

3,527

4,650

3,422

3,359

3,343

3,450

Accumulated depreciation

FY2015FY2016FY2017FY2018FY2019FY2020The undepreciated portion

247,7850266,127

281,665

283,174

285,27945.0%

292,375
40.0%

FY2015FY2016FY2017FY2018FY2019FY2020The undepreciated portionof a decrease in subsidies for

45,603t h en d i vided by the inco me fro mfees, and indirect expense income
40,000Depreciation not recognized in profits

51,98946,60354.0%

or losses

44,809research, while grants for operations
were lower because of the impact

45,588The result of this operation isPersonnel expenses（ In millions of Yen ）50,00053.2

60,000Commissioned project

Support for education and research &Amount of external funds and grants for operations received
In FY2020, there was an increase

56.0%

80,0000600

12,354,195

58.0%

57.2

an investment of 1,191,000 yen perper year ）.
12,525,455

58.4

20 billion yen annually in education-

student, which is more than twice

10,000,000

100,000

from income from operations.

60.0%

educational activities per student.

related expenses. This represents
1,000

58.7

58.1

subsidy income and subsidy income

62.0%

activities per student. The higher theTohoku University invests more than8000

amount of investment in educational
value, the greater the investment in

1,241

1,212

6,068,148
5,540,173
132,329
1,094,260

22,089,198

This is an indicator that shows the59.6

calculated by subtracting operating

Ratio of Non-subsidy revenue

Educational expenses per student（ in a broad sense ）（ Thousands of yen/person ）

61.9

61.1

120,000
Educational expenses in a broad sense（ Thousands of yen ）of non-subsidy revenue, which is64.0%

<Contact us>
Finance Division, Finance Department, Tohoku University
1-1 Katahira 2-chome, Aobaku, Sendai 980-8577 JAPANURL http://www.bureau.tohoku.ac.jp/kessan/report/report.html