CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONTENTSCONDENSED CONSOLIDATED BALANCE SHEETS(BASED ON JAPANESE GAAP).................................................................................... 76
CONDENSED CONSOLIDATED STATEMENTS OF INCOME(BASED ON JAPANESE GAAP).................................................................................... 78
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(BASED ON JAPANESE GAAP).................................................................................... 78

SECOM Annual Report 201375

CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONDENSED CONSOLIDATED BALANCE SHEETS (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
As of March 31
In millions of yen

ASSETS

2013

2012

2011

2010

2009

2008

Current assets:
Cash on hand and in banks................................................ ¥ 175,427 ¥ 182,412 ¥ 172,958 ¥ 146,929 ¥0,127,476 ¥0,200,403
56,08954,01156,546
48,861
56,667
63,696
Cash deposits for armored car services...............................
46,50028,00029,50036,50036,50019,000Call loans...........................................................................
106,638
85,74473,956
73,844
77,39885,595
Notes and accounts receivable, trade..................................
24,05924,83022,754
20,824
20,13921,125Due from subscribers..........................................................
14,723
19,936
7,313
15,98916,786
9,306
Short-term investments......................................................
27,56914,605
15,433
14,742
14,993—
Lease receivables and investment in leased assets...............
—
—
—
—
—
27,080Inventories.........................................................................
12,321
9,597
8,823
10,987
10,730—
Merchandises and products................................................
12,944
9,082
11,481
18,493
6,177
90,230Real estate inventories........................................................
4,526
2,527
2,249
1,427
2,174
—
Work in process.................................................................
7,563
5,671
4,233
5,312
9,534
—
Costs on uncompleted construction contracts....................
13,34833,27648,29655,916
60,950—Work in process for real estate inventories..........................
6,430
5,950
5,750
5,932
5,840
—
Raw materials and supplies.................................................
14,384
11,383
12,216
11,684
11,135
11,840
Deferred income taxes........................................................
4,158
4,389
3,908
3,088
4,125
7,246
Short-term loans receivable................................................
18,453
13,48912,566
15,275
15,57813,827
Other ...............................................................................
(2,302)(1,428)(1,704)(2,207)(2,762)(1,813)
Allowance for doubtful accounts........................................
542,836
503,479
486,284
483,600
473,445547,538				Total current assets..................................................

Fixed assets:
Tangible assets:		 Buildings and improvements...........................................		 Security equipment and control stations.........................		Land...............................................................................		Other..............................................................................

155,839
67,200115,652
22,83997,95566,900104,426
21,464

102,855
63,49097,73018,63897,692
63,03493,424
18,86985,41565,63189,29722,92384,54565,45081,71633,636

Intangible assets.................................................................

55,07925,04325,553

21,885

21,331

22,332

Investments and others:
189,042
177,655
188,001
187,777
201,923
241,957		Investment securities.......................................................
42,33846,19747,57650,48859,880
54,599		 Long-term loans receivable.............................................
19,572
19,13018,73018,61818,876
17,834		 Prepaid pension and severance costs...............................
11,711
14,793
20,11019,84824,41322,740		 Deferred income taxes....................................................
43,70642,37643,422
44,63046,12947,579		Other..............................................................................
(16,742)(17,584)(18,111)(18,403)(19,122)(17,455)
		 Allowance for doubtful accounts....................................
706,241
598,359
607,998
597,864
616,698
654,936				Total fixed assets......................................................
32
45
117
213338365
Deferred assets...................................................................				Total assets ............................................................. ¥1,249,110 ¥1,101,884 ¥1,094,400 ¥1,081,679 ¥1,090,483 ¥1,202,840

76

SECOM Annual Report 2013

2013

2012

2011

2010

2009

2008

9,625
10,7002,884
38,235
8,415
12,585

14,091
21,586
3,080
38,091
8,909
13,097

17,006
16,085501
36,777
8,399
13,264

12,673
15,338571
34,2103,740
13,807

13,52420,024—32,532
5,042
16,096

2,443

2,509

2,433

2,398

2,244

2,220

133,627
2,242
237,091
484,970

127,812
1,817
214,586
430,366

135,498
1,481
238,270
440,344

150,180
1,557
246,171456,525

167,0111,621
251,218
507,874

162,329
1,057
252,828
572,565

11,783(41)(27,760)(16,018)

4,559
(28)
(37,556)(33,026)

2,192
(35)
(34,166)(32,010)

4,521
(17)
(27,871)(23,367)(3,901)(27)(30,008)(33,937)(3,306)(90)(9,907)(13,304)

Minority interests in subsidiaries ......................................

95,11463,50961,81066,562

63,65463,035764,139
671,517654,055
625,153582,608630,274				Total net assets.........................................................				 Total liabilities and net assets.................................... ¥1,249,110 ¥1,101,884 ¥1,094,400 ¥1,081,679 ¥1,090,483 ¥1,202,840

SECOM Annual Report 2013

Financial Section

Accumulated other comprehensive income:Unrealized gains (losses) on securities..................................
Deferred losses on hedges...................................................
Foreign currency translation adjustments.............................				 Total accumulated other comprehensive income.......

Financial Review

NET ASSETS
Shareholders’ equity:
Common stock.................................................................... ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377
83,054
83,054
83,054
83,054
83,054
83,056
Capital surplus....................................................................
609,275
565,261549,747
507,434
478,355
475,987
Retained earnings...............................................................
(73,664)(73,659)(74,923)(74,907)(74,896)(44,877)
Common stock in treasury, at cost.......................................
685,042
641,034624,255
581,959
552,891
580,543				Total shareholders’ equity.........................................

SECOM Today

8,847
19,8283,438
36,125
13,40017,137

Special Feature

Long-term liabilities:
Straight bonds.....................................................................
Long-term loans..................................................................
Lease obligations.................................................................
Guarantee deposits received................................................
Deferred income taxes.........................................................
Accrued pension and severance costs..................................
Accrued retirement benefits for directors andcorporate auditors.............................................................
Investment deposits by policyholders, unearned
premiums and other insurance liabilities............................
Other..................................................................................				Total long-term liabilities...........................................				Total liabilities...........................................................

Strategic Highlights

Current liabilities:
Notes and accounts payable, trade...................................... ¥ 43,684 ¥ 30,731 ¥ 25,959 ¥ 24,774 ¥0,028,374 ¥0,030,459
42,35047,98547,42648,09485,383136,034
Bank loans..........................................................................
4,487
5,983
2,914
1,761
5,036
1,936
Current portion of straight bonds........................................
537
354
354
247
202
—
Lease obligations.................................................................
31,406
27,62722,85723,35923,19528,988
Payables—other..................................................................
29,282
14,68819,353
20,907
18,983
24,610Accrued income taxes.........................................................
4,377
3,833
2,850
3,302
2,932
3,456
Accrued consumption taxes.................................................
4,571
4,169
3,792
3,633
3,534
3,641
Accrued expenses................................................................
30,88030,83430,58233,554
31,29832,061
Deferred revenue................................................................
14,031
12,73911,925
12,13912,741
12,210Accrued bonuses.................................................................
—
—
—
1,770
2,415
—
Reserve for litigation losses..................................................
1,714
834
530
145
—
—
Reserve for losses on construction contracts........................
40,55435,99733,52736,66042,55846,337
Other..................................................................................
247,879
215,780
202,074
210,353
256,655
319,737				Total current liabilities...............................................

The Management

In millions of yen

LIABILITIES77CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONDENSED CONSOLIDATED STATEMENTS OF INCOME (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31
In millions of yen
2013

2012

2011

2010

2009

2008

Revenue ................................................................................		 Percentage change from prior year..................................

¥765,635 ¥679,173¥663,887 ¥654,678 ¥678,400 ¥682,619
12.7%
2.3%
1.4%
(3.5%)(0.6%)
11.2%

Costs of revenue ....................................................................		 As a percentage of revenue.............................................

504,006
65.8

458,452
67.5

423,98363.9

415,39063.4

444,77165.6

433,030
63.4

Gross profit ............................................................................		 As a percentage of revenue.............................................

261,62934.2

220,72032.5

239,904
36.1

239,28836.6

233,62834.4

249,589
36.6

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

153,258
20.0

139,64220.6

140,76221.2

140,749
21.5

145,99421.5

144,883
21.3

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

108,370
14.2

81,07811.9

99,141
14.9

98,53915.1

87,63412.9

104,706
15.3

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

11,171
5,922

12,9706,209

17,428
6,895

9,158
9,371

12,957
9,66620,125
10,552

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

113,618
14.8

87,83912.9

109,674
16.5

98,32715.0

90,92413.4

114,278
16.7

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

984
2,623

287
11,558

1,717
5,749

3,370
5,463

482
27,875

2,748
4,984

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

111,980
14.6

76,567
11.3

105,642
15.9

96,233
14.7

63,531
9.4

112,043
16.4

Income taxes—current............................................................
Income taxes—deferred..........................................................

43,211(252)

32,0234,600

37,303
1,383

38,172
4,944

41,768(3,244)42,602
2,656

Net income before minority interests in subsidiaries................

69,021

39,943

66,955———

Minority interests in subsidiaries..............................................

5,363

4,454

6,109

5,505

3,504

5,278

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

63,6588.3
79.4

35,4895.2(41.7)

60,8469.2
27.8

47,611
7.3
121.4

21,5023.2(65.0)

61,5069.0
5.5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 3178

In millions of yen
2013

2012

2011

2010

2009

2008

Net income before minority interests in subsidiaries................
Other comprehensive income (loss):
Unrealized gains (losses) on securities..................................
Deferred gains on hedges....................................................
Foreign currency translation adjustments.............................
Share of other comprehensive gains (losses) of affiliatedcompanies accounted for under the equity method...........

¥69,021¥39,943¥66,955

¥—

¥—

¥—

7,500
—
6,222

2,318
8(2,262)(2,970)16(5,191)

—
—
—

—
—
—

—
—
—

4,402

(1,281)(1,069)———		 Total other comprehensive income (loss)..........................

18,124(1,217)(9,214)———Comprehensive income...........................................................

87,14638,72657,740———Comprehensive income attributable to:
Owners of the parent company...........................................
Minority interests................................................................

80,666
6,480

34,473
4,253

52,203
5,537

—
—

—
—

—
—

SECOM Annual Report 2013