SUPPLEMENTALNONCONSOLIDATEDFINANCIAL DATACONTENTSNONCONSOLIDATED BALANCE SHEETS ............................................ 56
NONCONSOLIDATED STATEMENTS OF INCOME ............................... 58

55
55

NONCONSOLIDATED BALANCE SHEETSSECOM CO., LTD.
As of March 31

ASSETS

In millions of yen
2003

2002

2001

2000

1999

1998

Current assets:
Cash on hand and in banks....................................... ¥093,045
Notes receivable ........................................................
365
Due from subscribers ................................................
8,312
Accounts receivable, trade........................................
4,696
Receivables—other ....................................................
3,048
Marketable securities.................................................
7,951
Common stock in treasury ........................................
—
Merchandise...............................................................
6,738
Supplies ......................................................................
1,420
Prepaid expenses.......................................................
1,508
Deferred income taxes ..............................................
4,642
Short-term loans ........................................................
53,112Other current assets ..................................................
2,368
Allowance for doubtful accounts..............................
(3,602)
Total current assets......................................... 183,603¥101,947
741
7,727
6,720
3,537
1,479
—
9,563
1,649
1,858
4,096
40,6602,458(2,960)179,475¥077,581
538
7,073
5,089
3,123
6,313
3
6,625
1,326
1,606
3,064
28,8982,683(2,246)
141,676¥092,077
324
6,243
4,173
3,457
15,483
42
5,525
1,122
1,370
1,961
33,1894,275(137)
169,104¥093,901
459
5,564
3,238
1,243
25,888
119
4,805
948
1,241
—
29,031
1,513(146)
167,804¥ 83,462
392
5,218
3,409
1,003
31,151
25
3,642
967
1,084
—
23,683
1,390(136)
155,290

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

28,777525
60,221
1,502
3,679
42,1971,463
19

20,576635
75,216
3,571
3,384
37,9072,012
25

23,007680
70,511
4,105
3,317
37,8382,327
1623,697579
65,8252,907
2,335
35,153
1,616
18

24,295
737
62,686
1,509
2,167
34,9971,693
1923,617815
55,7391,535
2,167
34,5251,630
11Intangible assets:
Telephone rights and other ...................................
Telephone and telegraph utility rights .................
Software..................................................................

2,834
541
10,957

3,602
635
10,536

4,702
804
11,423

6,518
1,157
3,314

4,533
1,976
—

4,458
2,957
—

23,57927,285

10,706

12,5195,535

160,870
9,749
8,505
1,026
19,223
11,555(1,312)391,294¥570,769

145,227
11,242
8,698
1,263
—
11,423(1,205)
362,663¥504,339

129,771
2,636
6,803
1,540
1,632
9,429
(13)
305,623¥474,727

112,714
3,112
6,890
9,437
—
6,671
(14)
285,941¥453,745

105,145
2,951
6,494
7,292
—
4,177
(30)
259,018¥414,308

Investments and other:
Investment securities .............................................
20,797
Investments in subsidiaries andaffiliated companies............................................. 159,902
Long-term loans receivable...................................
10,060
Lease deposits ........................................................
8,489
Long-term prepaid expenses ................................
19,709Deferred income taxes...........................................
18,379Other investments..................................................
10,650Allowance for doubtful accounts ..........................
(1,596)
Total fixed assets ............................................ 399,105
Total assets ..................................................... ¥582,70856

In millions of yen

LIABILITIES AND SHAREHOLDERS’ EQUITY

2003

2002

Current liabilities:
Accounts payable....................................................... ¥002,121
Bank loans ..................................................................
53,504Current portion of straight and convertible bonds...
—Payables—other .........................................................
9,606
Accrued expenses......................................................
577
Deposits received.......................................................
24,750
Deferred revenue—service charges .........................
21,048
Income taxes payable................................................
6,806
Payables—construction.............................................
3,536
Accrued bonus ...........................................................
4,920
Other current liabilities..............................................
3,838
Total current liabilities .................................... 130,706¥001,814
15,23433
10,168619
20,868
20,10918,163
3,514
4,940
2,772
98,234¥

1,908
20,157—
10,722
5,714
15,682
19,583
13,904
4,328
—
2,438
94,436¥

1,683
23,455
—
7,590
5,484
18,785
19,255
9,858
4,123
—
3,331
93,564¥

Fixed liabilities:
Straight and convertible bonds ................................
Long-term loans.........................................................
Guarantee deposits received ....................................
Deferred tax liabilities................................................
Accrued severance indemnities................................
Accrued pension and severance costs.....................
Other fixed liabilities..................................................
Total fixed liabilities........................................
Total liabilities .................................................

30,0183,700
16,722——30,379—80,819211,525

30,018—16,446——
31,342—77,806
176,040518—
15,785
581
—
1,999
120
19,003
113,439578—
15,047—369——
15,994
109,558

1,347—
14,607—378—
557
16,889115,016

1,724—
14,194—397——
16,31597,972

Shareholders’ equity:
Common stock ...........................................................

66,36966,36066,12766,09765,71065,327

Capital surplus:
Additional paid-in capital.......................................
Total capital surplus........................................

82,54582,54582,536
82,53682,30382,30382,27382,27381,782
81,782

78,11078,110

9,028

9,028

8,077

7,127

6,294

5,521

800

800

800

800

800

800

272,2123,039
254,364
266,431292,2123,041
233,264
245,333

30
2,212
3,042
226,776
237,895

31
2,212
3,043
206,629
216,799

56
2,212
3,068
181,875
191,237

58
2,212
3,070
164,308
172,899

Unrealized gains on securities..................................
125
Common stock in treasury, at cost...........................
(44,287)
Total shareholders’ equity.............................. 371,183
Total liabilities and shareholders’ equity ..... ¥582,708

642
(142)
394,729¥570,769

4,575—
390,900¥504,339——
365,169¥474,727——
338,729¥453,745——
316,336¥414,308

Retained earnings:
Legal reserve ..........................................................
Voluntary reserve:
Reserve for systems development....................
Reserve for tax deferral on
assets replacement...........................................
General reserve...................................................
Total voluntary reserve...................................
Unappropriated retained earnings .......................
Total retained earnings...................................

57

2001

2000

1999

1,671
21,058
5
6,707
5,356
25,44018,735
13,771
3,173
—
2,211
98,127

1998

¥

1,256
10,193
394
5,640
6,248
17,54818,087
14,808
3,326
—
4,157
81,657

NONCONSOLIDATED STATEMENTS OF INCOME

SECOM CO., LTD.
Years ended March 31

In millions of yen
2003

2002

2001

2000

1999

1998

Revenue: ...................................................................... ¥278,611
Percent change from prior year..........................
1.4%
Service charges ....................................................... 250,237
Percent change from prior year..........................
2.5
Sales of merchandise..............................................
28,374
Percent change from prior year..........................
(7.4)¥274,669
6.9%
244,0155.8
30,65416.6¥257,009
6.0%
230,723
5.4
26,28611.9¥242,462
4.7%
218,978
4.2
23,48410.4¥231,505
4.0%
210,239
4.1
21,266
3.2¥222,541
4.5%
201,929
5.5
20,612(3.8)

Costs: ...........................................................................
As a percent of revenue ......................................
Cost of service .........................................................
As a percent of service charges..........................
Cost of sales.............................................................
As a percent of merchandise sales.....................

155,49955.8
135,315
54.1
20,184
71.1

162,42859.1
140,001
57.4
22,42773.2

141,31055.0
122,457
53.1
18,853
71.7

130,58653.9
113,81652.0
16,77071.4

123,18053.2
108,34951.5
14,831
69.7

117,801
52.9
103,887
51.4
13,914
67.5

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

123,11244.2
114,922
45.9
8,190
28.9

112,24140.9
104,014
42.6
8,227
26.8

115,69945.0
108,266
46.9
7,433
28.3

111,87646.1105,162
48.0
6,714
28.6

108,32546.8
101,890
48.5
6,435
30.3

104,74047.1
98,042
48.6
6,698
32.5

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

68,94424.8

73,33926.7

62,48524.3

60,21224.8

58,186
25.1

61,572
27.7

Operating profit...........................................................
As a percent of revenue ......................................

54,16819.4

38,902
14.2

53,214
20.7

51,66421.3

50,13921.7

43,168
19.4

Other income (expenses)
Interest, dividends, and other income ...................
Interest expense ......................................................
Other expense..........................................................

4,288
(494)
(4,449)

4,660
(354)
(4,316)

7,212
(269)
(6,918)5,210(15)(4,822)5,198(18)(4,804)4,230(36)(3,887)

Ordinary profit.............................................................
As a percent of revenue ......................................

53,51319.2

38,892
14.2

53,23920.7

52,03721.5

50,51521.8

43,475
19.5

Extraordinary profit.....................................................

6,543

28,211

23,247

5,427

12,073—Extraordinary loss .......................................................

(7,535)(38,712)(24,570)(5,810)(12,168)—

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

52,521
18.9

28,391
10.3

51,91620.2

51,65421.3

50,42021.8

43,475
19.5

Provision for income taxes.........................................
Effective tax rate ..................................................

21,73641.4

11,442
40.3

21,32041.1

21,382
41.4

24,34348.3

19,49144.8

Net income ..................................................................
As a percent of revenue ......................................
Percent change from prior year..........................

30,785
11.0
81.6

16,9496.2(44.6)

30,59611.9
1.1

30,272
12.5
16.1

26,07711.3
8.7

23,98410.8
6.458