f i nanc i al r e v i e w

gov e rnanc e

Balance Sheet
Item						I 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
Policy researcher development fundSecurity deposit, collateral
Sylff administrators meeting reserve fundResearch institute reserve fundResearch institute fundSpecified reserve fund for policy
researcher development
Other(3) Other fixed assets
Total fixed 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 2016

As of March 31, 2016

189,635,109
196,664,524
386,299,633

175,849,506
509,854,496
685,704,002

Governance

36,151,054,330
18,654,002,942
15,670,929,445
1,056,086,669
560,532,264
91,239,764
237,482,000
30,000,000
0545,000,000
252,000,000

36,377,605,000
18,119,641,136
15,901,645,890
1,034,293,186
329,205,783
0030,000,000
195,082,577
200,000,000
210,000,000

Directors and Auditors

210,732,800
136,607,079
54,941,664,351
55,327,963,984

219,413,700
134,685,053
54,631,931,189
55,317,635,191

57,510,752
134,917,056
192,427,808

346,646,186
143,842,067
490,488,253

889,254,028
51,138,983,775
52,028,237,803(35,468,054,330)(16,560,183,473)
3,107,298,373(683,000,000)(1,963,086,669)
55,135,536,176
55,327,963,984

329,205,783
51,596,250,890
51,925,456,673(35,694,605,000)(16,230,851,673)
2,901,690,265(683,000,000)(1,749,375,763)
54,827,146,938
55,317,635,191

Statement of Changes in Fund Balances
Item		

Fiscal year 2015

As of March 31, 2017www.tokyofoundation.org/en/about-us

CHAIR OF THE BOARD	

Takeo Hoshi

EXECUTIVE DIRECTOR

Sota Kato

Executive Director	

Sanae Oda

AUDITOR

Kaoru Kashima		
AUDITORFiscal year 2016

Fiscal year 2015

953,943,690
770,310,235
925,505-32,831,699
151,727,261
000
151,727,261
2,749,963,004
2,901,690,265-269,347,101
52,194,803,774
51,925,456,673
54,827,146,938
14

Senior Partner, Certified Public Accountant,
Ernst & Young ShinNihon LLC

Kimito Nakae

President, Rokinren Bank

Reiko Akiike

Senior Partner & Managing Director,
The Boston Consulting Group

Trustees		

Motoshige Itoh		

Professor, Faculty of International Social
Sciences, Gakushuin University	Izumi Kadono

Professor Emeritus, Seisen University	Shin Kikuchi

Partner, Mori Hamada & Matsumoto

April 1 to March 31 (Unit: ¥)I Unrestricted fund balance
1. Recurring revenue and expenses(1) Recurring revenue
987,208,128(2) Recurring expenses
803,978,503		
Valuation gain (loss) of endowment
238,000		
Valuation gain (loss) of specified assets
22,140,483		
Balance of recurring revenue and expenses
205,608,108
2. Non-recurring revenue and expenses		(1) Non-recurring revenue0(2) Non-recurring expenses
0		
Balance of non-recurring revenue and expenses
0		
Change in unrestricted fund balance
205,608,108		
Unrestricted fund balance at the beginning of fiscal year 2,901,690,265		
Unrestricted fund balance at the end of fiscal year
3,107,298,373
II Restricted fund balance				Change in restricted fund balance
102,781,130		
Restricted fund balance at the beginning of fiscal year
51,925,456,673		
Restricted fund balance at the end of fiscal year
52,028,237,803
III Net worth at the end of fiscal year
55,135,536,176

As of April 1, 2017. Listed in alphabetical order..

Reiko Kuroda		

Takeju Ogata	Senji Yamamoto		

Professor, Research Institute for Science andTechnology, Tokyo University of Science
President, Nippon Foundation
Executive Adviser
Internet Initiative Japan Inc.

Adviser to the Chair	Yohei Sasakawa

Chairman, Nippon Foundation

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.