Quarterly consolidated financial statements(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Land and buildings for sale
Merchandise
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-

As of September 30, 2020

14,91821,947
2,178
123,881
1,836
12,617(364)
177,016

35,25924,7371,870
130,329
1,744
13,106(574)
206,473

222,247
17,412
223,746
5,477
10,166
479,049
8,576

221,754
16,394
223,682
7,410
10,575479,8178,090

44,680411
10,163598
12,614(286)68,182555,808
732,824

43,075378
12,361645
13,258(238)
69,481
557,388763,862(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Short-term bonds payable
Current portion of bonds payable
Income taxes payable
Advances received
Provision for bonuses
Provision for loss on unused gift certificate
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors(and other officers)Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-2-As of March 31, 2020

As of September 30, 2020

9,450
75,224
7,999
20,039
4,187
6,293
2,971
702
40,827
167,695

8,455
82,905–30,0094,393
11,1482,680
738
32,401
172,733

80,000143,869369
8,825
33,046

100,000
157,699
323
8,852
33,046228

182

19,09325,636
311,069
478,765

18,95927,256346,321519,055

51,466
28,792150,926(21,640)
209,545

51,466
28,792
142,730(21,648)
201,340

6,648

5,277

36,37571(2,904)40,191
110
4,212
254,058
732,824

36,37523(2,590)39,085
144
4,236
244,806
763,862(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
incomeQuarterly consolidated statement of income (cumulative)(Millions of yen)Six months ended
September 30, 2019
Operating revenue
Operating expenses
Operating expenses and cost of sales oftransportation
Selling, general and administrative expenses
Total operating expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Subsidies for employment adjustment
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodMiscellaneous expenses
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sales of investment securities
Subsidies
Gain on sales of non-current assets
Contribution for construction
Compensation income
Total extraordinary income
Extraordinary losses
Loss on COVID-19
Loss on retirement of non-current assets
Loss on tax purpose reduction entry of non-current
assetsImpairment loss
Other
Total extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent-3-

Six months ended
September 30, 2020

165,209108,232

122,198

94,024

21,041
143,239
21,96920,061
114,086(5,854)

27
552
–
510
1,091

22
327
586
798
1,735

1,143

1,036

89

13

392
1,625
21,435806
1,856(5,975)

816
277
10
257
1,093
2,455

2,127
325
47
24
–
2,524

–
286

947
93

841

19

38
–
1,166
22,724
7,036
153
7,189
15,534380
15,15417
7
1,085(4,536)
3,514(1,773)
1,741(6,277)42(6,320)

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2019
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests-4-Six months endedSeptember 30, 2020

15,534(6,277)(762)
150(1,364)314

39(48)(571)
14,963(1,098)(7,376)

14,586(7,426)376

49

(3) Quarterly consolidated statement of cash flows(Millions of yen)Six months ended
September 30, 2019
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Amortization of intangible assets
Impairment loss
Loss on tax purpose reduction entry of non-current
assetsProceeds from contribution for construction
Loss (gain) on sales of investment securities
Interest and dividend income
Interest expensesSubsidies for employment adjustment
Loss on COVID-19
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Decrease (increase) in other current assets
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Subsidies for employment adjustment received
Loss on COVID-19 paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of non-current assets
Proceeds from sales of non-current assets
Proceeds from contribution received for construction
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries and associates
Loan advances
Collection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Net increase (decrease) in short-term bonds payable
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
Dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Other, net
Net cash provided by (used in) financing activities-5-Six months ended
September 30, 2020

22,724
10,035220
38(4,536)
9,967
213
17

841

19(257)
(816)
(580)
1,143
–
–
479
(112)
8,252
(953)
(1,613)2,399
2,000(8,704)797
35,893580(1,150)––(7,125)28,197(24)(2,127)(350)
1,036(586)947
284
12(2,929)(6,980)(1,420)
(419)
332
768
1,158
(4,615)351(1,029)581(662)(3,112)(8,487)(11,076)12
170(2,078)1,777(1,099)
(655)
603
(33)
(12,379)(13,617)
112
158(1,290)
3,344
(336)
(949)
783
(315)
(12,110)(7,102)
1,000
5,710(7,350)–(10,022)(1,872)
(25)
(8)
(514)
(20,187)

6,258(7,999)19,330(4,076)
29,843(19)(1,876)
(25)
(8)
(487)
40,938

Six months ended
September 30, 2019
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period(4,368)21,377
17,009-6-Six months ended
September 30, 2020
20,34014,91135,251

(4) Notes on quarterly consolidated financial statements
Notes on premise of going concern
No items to report.
Notes on significant changes in the amount of shareholders’ equity
No items to report.
Additional information(Accounting estimates associated with the impact of the spread of novel coronavirus disease (COVID19))
Regarding the impact of the spread of COVID-19 on the Group, this is based on the premise that
economic activity in Japan will gradually recover from the situation in April and May of this year, andthat there will be no further declarations of a state of emergency, requests for business closures, orlarge-scale restrictions on outing. Accounting estimates such as impairment losses on non-current
assets and the recoverability of deferred tax assets have been made assuming that domestic demand
will have recovered to a certain level by the end of the current fiscal year, despite the degree ofrecovery varying from business to business, and inbound demand will not recover during the current
fiscal year.

-7-