NONCONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]

Contents
Condensed Nonconsolidated Balance Sheets(Based on Japanese GAAP)....................................................... 80
Condensed Nonconsolidated Statements of Income(Based on Japanese GAAP)....................................................... 82

SECOM Annual Report 2015

79

Condensed Nonconsolidated Balance Sheets (Based on Japanese GAAP)SECOM CO., LTD.
As of March 31

In millions of yen

ASSETS

2015

2014

2013

2012

2011

2010

Current assets:
Cash on hand and in banks .................................................
Cash deposits for armored car services ................................
Notes receivable ..................................................................
Due from subscribers...........................................................
Accounts receivable, trade...................................................
Receivables—other ..............................................................
Short-term investments .......................................................
Merchandise .......................................................................
Supplies ..............................................................................
Prepaid expenses .................................................................
Deferred income taxes.........................................................
Short-term loans receivable .................................................
Other ..................................................................................
Allowance for doubtful accounts .........................................
Total current assets ...................................................

¥ 93,569
48,396640
16,066
11,202
3,054
437
6,694
1,379
2,210
4,415
20,4231,772(216)
210,048¥ 80,908
56,818683
14,991
9,960
2,699
437
5,489
1,303
2,109
4,382
20,6532,031(221)
202,248¥ 54,136
53,551700
14,856
9,691
2,528
1,048
5,585
1,012
2,332
5,268
19,237
4,819(248)
174,521¥ 82,631
52,386720
14,324
10,039
2,159
456
5,152
1,470
2,253
4,269
15,574
1,632(268)
192,804¥ 74,680
54,641
221
11,563
6,074
2,385
456
4,279
1,167
2,051
4,938
4,356
1,818(206)
168,428¥ 44,607
46,957248
11,434
6,484
2,556
2,429
6,574
1,082
2,016
4,720
3,943
2,026(450)
134,634

Fixed assets:
Tangible assets:
Buildings and improvements, net .....................................
Automobiles, net .............................................................
Security equipment and control stations, net ...................
Machinery and equipment, net ........................................
Tools, furniture and fixtures, net ......................................
Land ................................................................................
Construction in progress ..................................................
Other, net ........................................................................
Total tangible assets..................................................

16,458824
67,715
192
3,326
28,303
1,714
12
118,548

17,466865
66,683232
2,922
29,5201,848
105
119,644

17,059521
65,329288
2,979
29,802
1,719
235
117,936

16,409231
65,341361
3,301
28,5551,710
374
116,286

22,310243
61,461565
3,151
28,3901,743
513
118,379

22,360368
60,860828
3,519
28,352
1,203
654
118,147

Intangible assets:
Goodwill..........................................................................
Software..........................................................................
Other...............................................................................
Total intangible assets ...............................................

—
4,644
730
5,375

2,607
3,910
1,768
8,286

2,978
4,269
2,061
9,308

3,350
5,487
1,586
10,424

—
6,751
815
7,566

—
7,580
975
8,555

29,72523,78921,58323,906

20,96921,769239,120

239,008

236,309

190,305

203,036

193,899

1,938
150,955
7,526
22,126
21,530
—
4,294
2,534
(17,946)
461,806
585,730¥795,778

1,827
143,741
7,553
20,78016,962
—
3,988
2,777
(17,698)442,730
570,662¥772,910

1,827
155,813
7,747
21,594
16,263
—
3,991
2,728
(20,307)447,551574,796¥749,317

1,883
128,074
8,147
24,013
15,903
130
4,181
2,713
(19,326)
379,933
506,643¥699,448

1,874
118,276
8,047
25,872
14,321
13,865
4,181
2,831(12,995)
400,281526,227¥694,656

1,874
133,871
8,583
25,816
14,364
14,0994,334
800(12,544)406,869
533,572¥668,207

Investments and others:
Investment securities........................................................
Investment securities in subsidiaries andaffiliated companies.......................................................
Investments in subsidiaries andaffiliated companies.......................................................
Long-term loans receivable ..............................................
Lease deposits .................................................................
Long-term prepaid expenses ............................................
Prepaid pension and severance costs................................
Deferred income taxes .....................................................
Insurance funds ...............................................................
Other...............................................................................
Allowance for doubtful accounts .....................................
Total investments and others ....................................
Total fixed assets.......................................................
Total assets ...............................................................

80

SECOM Annual Report 2015

In millions of yen

LIABILITIESCurrent liabilities:
Accounts payable ...............................................................
Bank loans .........................................................................
Lease obligations ................................................................
Payables—other .................................................................
Payables—construction ......................................................
Accrued income taxes ........................................................
Accrued consumption taxes................................................
Accrued expenses...............................................................
Deposits received ...............................................................
Deferred revenue ...............................................................
Accrued bonuses ................................................................
Other .................................................................................
Total current liabilities ..............................................
Long-term liabilities:
Lease obligations ................................................................
Guarantee deposits received...............................................
Deferred income taxes........................................................
Accrued pension and severance costs .................................
Accrued retirement benefits for directors andaudit and supervisory board members ..............................
Other .................................................................................
Total long-term liabilities ..........................................
Total liabilities ..........................................................

NET ASSETS
Shareholders’ equity:
Common stock...................................................................
Capital surplus:
Additional paid-in capital ................................................
Other capital surplus .......................................................
Total capital surplus .................................................
Retained earnings:
Legal reserve...................................................................
Other retained earnings:
Reserve for system developments ................................
General reserve ...........................................................
Accumulated earnings carried forward ........................
Total retained earnings ............................................
Common stock in treasury, at cost ......................................
Total shareholders’ equity ........................................

¥

3,172
29,416
185
15,675
4,480
10,826
7,088
800
16,784
21,2696,296
2,651
118,647

2014

¥

3,429
36,703
176
14,546
4,218
12,3661,478
802
17,87021,3016,246
1,834
120,976

2013

¥

3,044
26,598121
15,042
4,333
19,5102,538
726
24,131
21,671
6,089
365
124,174

2012

¥

2,400
27,65980
13,756
4,343
3,938
2,062
716
22,06622,3406,116
640106,121

2011

¥

1,672
29,38671
10,824
3,719
12,4501,422
722
20,362
22,2295,468
2,107
110,439

2010

¥

2,009
24,49251
10,811
3,425
14,637
1,491
555
23,62522,5585,493
2,133
111,287

2,661
17,286
3,400
3,241

2,747
17,622
307
3,555

2,449
17,859
788
4,051

2,217
18,099
—
3,945

2,253
18,262—4,040

182
17,965
—
4,394

—
408
26,998145,646—459
24,692
145,668857
25
26,031150,205

1,294
10
25,568
131,689

1,232
11
25,799136,238

1,174
272
23,989135,276¥ 66,377¥ 66,377¥ 66,377¥ 66,377¥ 66,377¥ 66,377

83,0540
83,054

83,0540
83,054

83,054—
83,054

83,054—
83,054

83,054—
83,054

83,054—
83,054

9,028

9,028

9,028

9,028

9,028

9,028

800
2,212
556,013568,053(73,701)
643,784

800
2,212
536,978
549,018(73,682)
624,768800
2,212
508,398
520,439(73,664)596,206

800
2,212
478,914490,954(73,659)
566,727800
2,212
472,070
484,110(74,923)558,619800
2,212
445,579
457,620(74,907)532,145

6,3472,473

2,905

1,031

(201)

786

6,347
650,132¥795,778

2,473
627,242¥772,910

2,905
599,112¥749,317

1,031
567,758¥699,448(201)
558,417¥694,656

786
532,931¥668,207

SECOM Annual Report 2015

Financial Section

Valuation, translation adjustments and others:
Unrealized gains (losses) on securities .................................
Total valuation, translation adjustments
and others .............................................................
Total net assets ........................................................
Total liabilities and net assets ...................................

2015

81Condensed Nonconsolidated Statements of Income (Based on Japanese GAAP)SECOM CO., LTD.
Years ended March 31

In millions of yen
2015

82

2014

2013

2012

2011

2010

Revenue ...............................................................................
Percentage change from prior year .................................
Service charges...................................................................
Percentage change from prior year .................................
Sales of merchandise ..........................................................
Percentage change from prior year .................................

¥370,663 ¥364,280 ¥355,393 ¥345,476 ¥329,297 ¥328,773
1.8%
2.5%
2.9%
4.9%0.2%(2.4%)
314,068
309,499
305,300
299,523
290,252
291,325
1.5
1.4
1.9
3.2
(0.4)
(1.0)
56,59454,78150,09245,952
39,04537,447
3.3
9.4
9.0
17.7
4.3
(11.9)

Costs .....................................................................................
As a percentage of revenue ............................................
Costs of service ..................................................................
As a percentage of service charges .................................
Costs of sales .....................................................................
As a percentage of merchandise sales .............................

221,44159.7
180,850
57.6
40,59071.7

215,849
59.3
177,33957.3
38,50970.3

210,790
59.3
174,33157.1
36,45872.8

203,38658.9
169,92856.7
33,45872.8

191,28458.1
160,20355.2
31,081
79.6

188,701
57.4
160,349
55.0
28,35275.7

Gross profit ............................................................................
As a percentage of revenue ............................................
Gross profit on service ........................................................
As a percentage of service charges .................................
Gross profit on sales ...........................................................
As a percentage of merchandise sales .............................

149,22140.3
133,21742.4
16,00328.3

148,43140.7
132,159
42.7
16,272
29.7

144,60340.7
130,969
42.9
13,63427.2

142,08941.1
129,595
43.3
12,49427.2

138,01341.9
130,048
44.8
7,964
20.4

140,07242.6
130,976
45.0
9,095
24.3

Selling, general and administrative expenses ..........................
As a percentage of revenue ............................................

76,04620.5

75,521
20.7

74,651
21.0

71,89320.8

69,32421.0

68,544
20.8

Operating profit .....................................................................
As a percentage of revenue ............................................

73,17419.8

72,90920.0

69,952
19.7

70,196
20.3

68,68820.9

71,527
21.8

Non-operating income ...........................................................
Non-operating expenses ........................................................

11,714
3,316

10,2694,295

10,173
3,789

8,048
3,032

8,863
3,050

9,225
3,290

Ordinary profit .......................................................................
As a percentage of revenue ............................................

81,57222.0

78,884
21.7

76,336
21.575,212
21.8

74,501
22.6

77,462
23.6

Extraordinary profit ................................................................
Extraordinary losses................................................................

1,670
2,805

491
1,604

1,219
1,052

23,001
40,695

106
2,637

561
4,639

Income before income taxes ..................................................
As a percentage of revenue ............................................

80,43721.7

77,771
21.3

76,502
21.5

57,518
16.6

71,97021.9

73,384
22.3

Income taxes..........................................................................
Effective tax rate .............................................................

22,94528.526,27333.8

27,37435.8

30,69953.4

26,946
37.4

27,57837.6

Net income ............................................................................
As a percentage of revenue ............................................
Percentage change from prior year .................................

57,492
15.5
11.6

51,49714.1
4.8

49,128
13.8
83.2

26,8187.8(40.4)

45,02313.7(1.7)

45,806
13.9
41.3

SECOM Annual Report 2015