FINANCIAL RE VIE W

GOVERNANCE

Balance Sheet
ItemI Assets
1. Current assets
Cash and deposits
Other current assets
Total current assets
2. Fixed assets(1) Endowment(2) Specified assets
Leadership development fundAction for social change fund
Sylff, NF-JLEP fellowship fund
Sylff administrators meeting reserve fundResearch institute reserve fundOther(3) Other fi xed assets
Total fi xed assets
Total assets
II Liabilities
1. Current liabilities
2. Fixed liabilities
Total liabilities
III Net worth
1. Restricted net worth
GrantsDonations
Total restricted net worth(Of which: endowment)(Of which: specified assets)
2. Unrestricted net worth(Of which: endowment)(Of which: specified assets)
Total net worth
Total liabilities and net worth(Unit: ¥)Fiscal year 2014

Fiscal year 2013

As of March 31, 2015

As of March 31, 2014

384,039,444
223,570,209
607,609,653

419,654,580
505,066,878
924,721,458

Governance

36,388,383,000
17,988,851,864
16,132,482,600
1,067,178,390
356,938,174
30,000,000
200,000,000
202,252,700
137,026,671
54,514,261,535
55,121,871,188

36,387,440,000
17,018,949,122
15,747,391,622
1,047,216,000
000224,341,500
133,670,271
53,540,059,393
54,464,780,851

Directors and Auditors

49,811,834
127,292,576
177,104,410

46,852,499
145,204,073
192,056,572

356,938,174
51,837,865,600
52,194,803,774
35,705,383,000
16,489,420,774
2,749,963,004
683,000,000
1,377,178,390
54,944,766,778
55,121,871,188

300,000,000
51,523,831,622
51,823,831,622
35,776,440,000
15,747,391,622
2,448,892,657
611,000,000
1,127,216,000
54,272,724,279
54,464,780,851

Statement of Changes in Fund Balances
Item

I Unrestricted fund balance
1. Recurring revenue and expenses(1) Recurring revenue(2) Recurring expenses
Valuation gain (loss) of endowment
Valuation gain (loss) of specified assets
Balance of recurring revenue and expenses
2. Non-recurring revenue and expenses(1) Non-recurring revenue(2) Non-recurring expenses
Balance of non-recurring revenue and expenses
Change in unrestricted fund balance
Unrestricted fund balance at thebeginning of fiscal year
Unrestricted fund balance at theend of fiscal year
II Restricted fund balance
Change in restricted fund balance
Restricted fund balance at thebeginning of fiscal year
Restricted fund balance at theend of fiscal year
III Net worth at the end of fiscal year
www.tokyofoundation.org/en/about-us

As of July 1, 2015. Listed in alphabetical order.

PRESIDENT

Masahiro Akiyama

EXECUTIVE DIRECTOR

Akiko ImaiEXECUTIVE DIRECTOR

Sanae Oda

NONEXECUTIVE DIRECTOR

Koji Murata

President and Law Faculty Professor,
Doshisha University

NONEXECUTIVE DIRECTOR

Yukio Noguchi

Consultant, Waseda University
Center for Finance Research

AUDITORKaoru Kashima

Executive Board Member, Certified Public
Accountant, Ernst & Young ShinNihon LLC

AUDITOR

Kimito Nakae

President, Rokinren Bank

Motoshige Itoh

Professor, Faculty of Economics,
University of Tokyo

Izumi Kadono

Professor Emeritus, Seisen University

Reiko Kuroda

Professor, Research Institute for Science andTechnology, Tokyo University of Science

Takeju Ogata

President, Nippon Foundation

Senji Yamamoto

Executive Adviser
Internet Initiative Japan Inc.

Yohei Sasakawa

Chairman, Nippon Foundation

Trustees

April 1 to March 31 (Unit: ¥)Fiscal year 2014

Fiscal year 2013

1,025,871,214
830,623,998
279,187
105,543,944
301,070,347

997,922,763
751,736,351
0-2,133,000
244,053,412000
301,070,347
2,448,892,657

3
155,334-155,331
243,898,081
2,204,994,576

2,749,963,004

2,448,892,657

370,972,152
51,823,831,622

487,014,845
51,336,816,777

52,194,803,774

51,823,831,622

54,944,766,778

54,272,724,279
14

Adviser to the President

The Tokyo Foundation is a public interest incorporated foundation established in accordance with the collective will of
the Nippon Foundation and Japan’s boat-racing industry with grants provided from boat-racing profits.