Balance Sheets
As of March 31, 2020 and 2021
Thousands of U.S. dollars※2021

Millions of yen2020

2021[Assets]
Current assets
Cash and deposits
Accounts receivable
Consumption taxes receivable
Land and buildings for sale
Prepaid expenses
Short-term loans receivable
Other
Allowance for doubtful accounts
Non-current assets
Property, plant and equipment
Buildings
Structures
VehiclesTools, furniture and fixtures
Land
Construction in progress
Intangible assets
Leasehold right
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¥127,542
1,870
1,573
120,268
227
2,191
1,412
(1)

¥172,600
2,065
2,399
336
157,404
257
8,350
1,786
(0)

$1,554,955
18,604
21,613
3,027
1,418,054
2,315
75,22516,090(0)292,160
168,725
50,422382
8347
99,52818,036874
465
409
122,559
58,14033,326

329,560
172,315
52,098359
5269
115,462
4,120
910
465
445
156,334
77,361
46,134

2,969,009
1,552,387
469,351
3,234
452,423
1,040,198
37,117
8,198
4,189
4,009
1,408,414
696,946
415,622

27,27427,345

246,351

2,387
1,465(34)2,320
3,200(27)20,901
28,829(243)419,702502,161

4,523,973※The U.S. dollar amounts have been translated, for convenience only, at 111 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2021

-1-Balance Sheets
As of March 31, 2020 and 2021
Thousands of U.S. dollars※
2021

Millions of yen
2020

2021

[Liabilities]
Current liabilities
Short-term loans payable
Accounts payable
Income taxes payable
Accrued consumption taxes
Advances received
Deposits received
Provision for bonuses
Other
Non-current liabilities
Long-term loans payable
Guarantee deposits received
Deferred tax liabilities
Provision for retirement benefits
Other
Total liabilities¥86,195
62,50012,971
815
560
4,494
4,735
119
198,009
163,000
20,588
12,625
1,742
53¥142,234
111,100
20,402
281
5,230
5,123
91
4
212,080
170,900
20,235
18,3781,880
686$1,281,387
1,000,901
183,802
2,532
47,117
46,153820
36
1,910,631
1,539,640
182,297
165,568
16,9376,180

284,205354,314

3,192,018

102,908
12,426
12,242
12,242
78,2391,437
76,801102,128
12,426
12,242
12,24277,4591,437
76,021920,072
111,946
110,288
110,288697,829
12,946684,874

520

508

4,577

88
76,19232,58888
75,42545,718793
679,505
411,874

32,58845,718411,874

135,497419,702

147,846
502,161

1,331,946
4,523,973[Net assets]
Shareholders’ equity
Capital stock
Capital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of
non-current 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 111 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2021

-2-Statements of IncomeYears ended March 31, 2020 and 2021
Thousands of U.S. dollars※2021

Millions of yen20202021¥116,503¥86,910$782,973

23,73992,76322,76564,144205,090
577,874

Operating cost

89,84265,799592,784

Operating gross profit

26,661

21,111

190,189

Selling, general and administrative expenses

12,774

11,08899,892

Operating profit

13,887

10,02290,288Non-operating income

1,302

1,522

13,712

1,252
50

1,450
72

13,063649

Non-operating expenses

1,886

2,101

18,928Interest expenses
Miscellaneous loss

1,697
188

1,910
190

17,207
1,712

13,3039,444

85,081

Extraordinary income-763

Other-

763

Extraordinary losses-

385

3,468

Other-

3853,468

Profit before income taxes

13,303

9,065

81,667

Income taxes - current

3,940

2,283

20,568

Income taxes - deferred

(94)

(3)

(27)

9,456

6,786

61,135

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

Interest and dividend income
Miscellaneous income

Ordinary profit

Profit※The U.S. dollar amounts have been translated, for convenience only, at 111 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2021

-3-Statements of Changes in Net Assets
Years ended March 31, 2020 and 2021
(Unit: Millions of yen)
Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance as of March 31,2019

Capital reserve¥12,426¥12,242

Total capitalsurplus

Legal retained
earnings

Reserve foradvanceddepreciation ofnon-current
assets¥12,242¥1,437¥533

Total
shareholders’equity¥72,267¥74,326¥98,995(5,544)
9,456(5,544)9,456

12

Retainedearnings
brought
forwardGeneralreserve¥88

Valuation
Total valuation Total net assets
difference onand translation
available-foradjustments
sale securities

Total retained
earnings¥45,359¥45,359¥144,355(5,544)
9,456-(5,544)
9,456

-

---

-

-

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

Changes of items during
period-Dividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets-

Net changes of items
other thanshareholders' equity-

Total changes of items
during period
Balance as of March 31,2020

(12)

----

(12)

-

3,925

3,912

3,912

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

12,426

12,242

12,242

1,437

520

88

76,19278,239

102,908

32,58832,588135,497(7,565)
6,786(7,565)
6,786(7,565)
6,786-(7,565)
6,786

12

-

-

-

-

-

-

13,12913,12913,129Changes of items during
period-Dividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets-

Net changes of items
other thanshareholders' equity-

Total changes of items
during period
Balance as of March 31,2021

(12)

-

-

--

(12)

-

(767)

(779)

(779)

13,12913,12912,34912,426

12,242

12,242

1,437

508

88

75,42577,459

102,128

45,71845,718147,846※(Unit: Thousands of U.S. dollars )Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance as of March 31,2020

Capital reserve$111,946$110,288

Total capitalsurplus

Legal retained
earnings

Reserve foradvanced
depreciation ofnon-current
assets$110,288$12,946$4,685

Total retained
earnings$686,414$704,856$927,099(68,153)
61,135(68,153)
61,135(68,153)
61,135-(68,153)
61,135108------

118,279

118,279

118,279

Retainedearnings
brought
forwardGeneralreserve$793

Valuation
Total valuation Total net assets
difference onand translation
available-foradjustments
sale securities

Total
shareholders’equity$293,586$293,586 $1,220,694

Changes of items during
period-Dividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets-

Net changes of items
other thanshareholders' equity-

Total changes of items
during period
Balance as of March 31,2021

(108)

----

(108)

-

(6,910)(7,018)(7,018)118,279

118,279

111,252

111,946

110,288

110,288

12,946

4,577

793

679,505

697,829920,072

411,874

411,874

1,331,946※The U.S. dollar amounts have been translated, for convenience only, at 111 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2021

These financial statements in English are based on information in the company’s accounts for the 72nd 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 financialstatements in English have not been audited by KPMG AZSA LLC. -4-