GRIPS Financial Report 2016

GRIPS Financial Report 2016 –outlineFinance Division－Contents－

1. Financial Operation and PDCA Cycle

1

2. Financial Highlights for Fiscal 20142

3. Outline of Financial Statements
・Balance Sheet

4・Profit and Loss Statement

6

・Cash Flow Statement

8・National University Corporation Business
Operation Cost Statement

9・Earnings Statement10

4. Financial Information on Management (Analysis Using
Financial Indicators)

12

Financial Operation and PDCA Cycle◯ In financial operation, the budget should be accurately compiled and executed in line with confirmation andevaluation.

Feedback
Medium-term goals andplans (six years)

Evaluation (Minister of
Education, Culture, Sports,
Science and Technology, etc.)

Annual plan (each fiscal year)

Audit (auditor-secretary,
accounting auditor, etc.)

Compilation of GRIPS budget

Execution of budget andsettlement of accounts-1-

Financial Highlights for Fiscal 2015

Financial Conditions including Land and Building Holding, Investment from the Government, andBorrowings at the End of Fiscal 2015
- Outline and component ratio of the balance sheet for fiscal 2015 (as of March 31, 2016)◯ The assets at the end of fiscal
2015 were 27.35 billion yen (down
424 million yen from the previous
fiscal year), the liabilities were 3.735
billion yen (down 782 million yen),and total net assets were 23.570
billion yen (up 357 million yen).

Books¥0.9 billion
3%

Cash anddeposits¥1.85 billion
7%

Other fixed
assets¥0.3 billion
0%Machineryequipment¥0.14 billion
0%
Buildings, etc.
¥5.74 billion
21%【Assets】¥27.31 billion（down 1.5%）

Other current
assets¥0.26 billion
1%

Land¥18.35 billion
67%

Retainedearnings¥0.56 billion
2%

PFI liabilities, asset
collateral liabilities,
etc. (fixedliabilities)¥2.02 billion
7%

Accounts payable,
unspent donations,etc.(current liabilities)¥1.71 billion
6%【Liabilities/net assets】¥3.73 billion/¥23.57billion（down 17.3%/up 1.5%）◯About 90% of the property (assets) necessary for conducting theoperations of GRIPS was mainly accounted for by investment from thegovernment (net assets), and the remaining 10% was composed ofsubsidies from the government, and donations, etc. (liabilities).

Investment from thegovernment, etc.
¥23.1 billion
84%

Financial Operation Conditions for Fiscal 2015 (Amounts Received and Spent*)- Outline and component ratio of ordinary revenues and ordinary expenses for fiscal 2015 (April 1, 2015 – March 31, 2016)
Income fromtuition fees
¥0.22 billion
7%◯The ordinary revenues at the end of fiscal 2015 were 3.356
billion yen (down 6 million yen from the previous fiscal year), andthe ordinary expenses were 3.491 billion yen (up 155 million yen).
The net profit for the current fiscal year, which adds reversal ofreserve for specific purposes, etc. to this balance, was 98 million
yen (up 15 million yen).
◯Income from government subsidies for
management expenses accounts for about 58%
of the ordinary revenues, and income fromtuition fees, etc. accounts for 7%.
Income from contracted research, subsidies, anddonations accounts for 29%.
◯With regard to ordinary expenses, 49%
consists of personnel expenses, about 30%
consists of education and research expenses(education expenses, research expenses,
and expenses for education and researchsupport), and 10% consists of general andadministrative expenses.

General andadministrative
expenses¥0.34 billion
10%

Personnel
expenses¥1.73 billion
49%

Others¥0.04 billion
1%

Income fromgovernment
subsidies for
management
expenses¥1.96 billion
58%[Ordinary revenues]

Income fromcontracted
research,
subsidies,
donations¥0.98 billion
29%¥3.36 billion (down0.2%)

Education
expenses¥0.23 billion
7%【Ordinary expenses】¥ 3.49 billion（up 4.7%）

Research
expenses¥0.44 billion
13% Expenses foreducation andresearchsupport¥0.35 billion
10%

Others¥0.2 billion
6%

Contracted
research
expenses
0.36 billion
10%* National university corporations cannot immediately record received government subsidies for management expenses,
tuition fees, constructed research, subsidies, and donations as revenues.
These funds are once recorded as debts, and then used as expenditures of education research activities and transferred torevenues in accordance with the progression of corporation businesses. This is referred to as monetization.
The amount of income and that of monetization in each fiscal year may differ because all of the received funds (funds
recorded as debts) are not necessarily monetized during such fiscal year.

-2-

Financial Highlights for Fiscal 2015

Acceptance of external funds

Payment from students
and exemption system

Major financial injection from thegovernment

Income from government subsidies for management expenses◯The amount of subsidies granted in fiscal 2015 was 1.96 billion yen (about 84% of income from government subsidies for
management expenses)◯It has decreased by an average of about 15 million yen per year due to the efficiency factor (decreased by 1% year-on-year).
(The amount is going to decrease by 1.4% year-on-year due to the coefficient of the focused support promotion.)
Changes in income from government subsidies for management
expenses (general subsidies for management expenses and special
allowance)

Changes in income from government subsidies for management
expenses (special factor allowance)

Million yen

2,000Million yen

1,500
SpecialAllowance(FY2016:
Budget for 1,000
focusedsupport）

1,900
1,800
1,700

88
67

77

147

173

124

1,600
1,5001,695
1,400

318

176

1,609

1,629
1,645

207

1,626

197 176

1,559

1,541
1,525

500

Generalsubsidies

1,574

1,598

409 320293 288 314 290 292 334 349 225 255
02006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1,568

1,300
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

* The above figure shows annual changes in special factor
allowance (retirement allowance, PFI maintenance andmanagement expenses, etc.) among government subsidies for
management expenses. (Figures for 2006-2015 are actual
results and that for 2016 is on a budgetary basis.)* The above figure shows annual changes in general subsidies
for management expenses (basic subsidies for management
expenses) and special allowance (allowance for special projects,etc.). (Figures for 2006-2015 are actual results and those for2016 are on a budgetary basis.)

Payment from students

Changes in payment from students-on a cash flow basis- (on a budgetary basis for
2016)

Million yen

300◯The amount of payment from students is about 0.2 billion yen every
year as indicated in the figure to the right (about 8% of income fromgovernment subsidies for management expenses).
）* The amount of payment from students should be decided by each corporation within

200

100

a certain limit based on the standard amount under the Ministerial Ordinance on
Tuition and Other Expenses at National Universities, etc. (Unit tuition fee (annual
amount): 535,800 yen)

9 8
7
8
8
8
74 66 65 7 7 7 7 6964
761
60 51 60
62
53
124 136 150

163 163 157 147 142 138

132

160

0

Applicati
on fees
Admission fees
Tuitionfees

06 07 08 09 10 11 12 13 14 15 16

Tuition exemption system
Total number of the eligible students for tuition exemption in fiscal 2015 was 91, and the amount of exemption was 24
million yen, equivalent to 11.6% of the amount of tuition fees subject to be collected.

◯The amount of acceptance of external funds(excluding grant-in-aid for scientific researchand subsidies) in fiscal 2015 was 0.42 billion
yen (increased by 188.1% compared with fiscal
2005).
◯The amount of acceptance of external funds
including grant-in-aid for scientific research andsubsidies was 1.26 billion yen. (increased by
313.4% compared with fiscal 2005)

Changes in acceptance of external funds–amount of acceptance for the current year-

Million yen

1,200

245
309

1,000

Subsidies

361

800

External funds include contracted researchand donations from companies, andcontracted projects applied to the Ministry of
Education, Culture, Sports, Science andTechnology (MEXT) and other ministries.
These funds are becoming more important for
the vitalization of education and research andthe stabilization of management amid
declining basic subsidies for management
expenses.

Grant-inaid forscientificresearch

1,400

526
533

600

111

153

184

176

207

165

176

242

178
200

239

0

3
267

316

189

0
195

0

210

250

240

188

Contracts,
etc.

274

105
400

441
306

278

304
268

147
95
50
50
43
39
38
36
31
24
21
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-3-

DonationsOutline of Financial Statements

Balance Sheet
The balance sheet indicates the balance of assets, liabilities and net assets at the end of the fiscal
year, and shows the financial conditions of the GRIPS.
Liabilities and net assets indicate the source of funding, and assets indicate operation forms offunds raised.
Assets:Fixed assets including land and buildings account for the majority of assets.
Liabilities: PFI liabilities for which the government takes steps to cover the serving costs accountfor 41% of liabilities, and debts that arose from the unique accounting of national university
corporations, such as asset collateral liabilities, account for 38%. However, GRIPS works for stablefinancial management through systematic payment, etc.
Net assets: Net assets account for 86% of the total of liabilities and net assets, 74% of which wasaccounted for by government equity.

■Breakdown of Assets, Liabilities, and Net Assets in Fiscal 2015

Books
3.4%

AssetsBuildings/
Buildings/
Structures
Structures
21.4%
21.0%

Land
67.2%

Machineryequipment/Tools andequipment
0.5%
Liabilities and net assets
Capital surplus
18.2%

Fixed Current liabilities
liabilities
6.8%
9.5%

Government’s equity
63.1%

Liabilities

Current assets
7.7%

Net assets-4-

Other fixed assets
0.1%

Reserves for education andresearch, etc.
2.1%

Unappropriatedincome for thecurrent year
0.3%

Outline of Financial Statements■Balance Sheet
Item(Unit: million yen)
Increase/
Decrease

Fiscal 2014

Fiscal 2015

27,72927,305- 258

25,36025,193

- 167

Land

18,351

18,3510

Buildings

5,859

5,666

- 193

Structures

81

74

-7

Machinery equipment

3

2

-1

Tools and equipment

140

134

-7

Books

915

933

19

Software

9

31

22

Telephone rights

1

1

0

2,370

2,112

- 257

2,025

1,854

- 171

Accrued income for payment
from students

2

2

- 1

Other accrued income

338

252

- 86

Other current assets

4

4

0

4,517

3,735

782

2,628

2,020

- 608

1,084

1,083

-1

0

0

0

PFI liabilities

1,545

937

- 608

Current liabilities

1,889

1,715

- 174

Liabilities from government
subsidies for management
expenses

141

0

- 141

Donation liabilities

222

306

83

PFI liabilities to be repaid within
a year

594

608

13

Accounts payable

495

504

9

Other current liabilities

436

298

- 139

23,213

23,570357

Government equity

17,507

17,5070

Capital surplus

5,050

5,508

458

Retained earnings

656

555

- 101

Reserve carried forward during
former medium-term target period

148

148

0

Reserves for education andresearch

426

186

- 240

Unappropriated income for thecurrent year

83

221

139

AssetsFixed assets

Current assets
Cash and deposits

Liabilities
Fixed liabilities
Asset collateral liabilities
Long-term accounts payable

Net assets* Total amounts and other amounts may differ due to rounding up to the nearest unit.

-5-

Decrease due to depreciation

Decrease due recording of reserve
for specific purposes

Decrease due to fulfillment of
obligation based on the PFI projectcontract

Government subsidies for
management expenses, tuition fees paidby students, and donations fromcompanies are recorded as current
liabilities, not as revenues, at the time ofreceipt.
This is caused by having theobligations to implement certain projects
match the amounts of subsidies andamounts received, including education
and research. These obligations aremonetized in accordance with the lapseof the time and the amount expended
for the projects.

Increase due to receipt of facilities
improvement subsidies (for PFI
projects), etc.

Increase due to recording ofreserve for specific purposes
Increase due to profits fromadjusting an account at the end of
medium-term target period
Substantial gross profit was 98
million yen excluding the adjusted
124 million yen.

Outline of Financial Statements■Breakdown of Ordinary Expenses and Ordinary
Revenues in Fiscal 2015
Profit and Loss Statement
Ordinary expenses

The profit and loss statementshows how many expenses andrevenues
arose
duringanaccounting period. It illustrates thesituations of what types of
expenses are caused by the
implementation of education andresearch by national university
corporations, then what types ofrevenues arose through these
expenses, and as a result, whattypes of profits or losses arose.
It excludes subsidies forscientific research and otherexpenses granted for individual
researchers.

Others1%

Education
expenses
7%

General andadministrative
expenses10%

Research
expenses
13%

Expenses foreducation andresearch support
10%
Personnel
expenses
49%

Contracted
research
expenses10%

Ordinary revenues
What is the difference between profit
and income?
Profit/expense: accrual basis accounting
Income/expenditure: cash basis
accounting
Items as profit, but not as income(Ex.) Accrued income, such as interest

Miscellaneous
gains
5%
Revenues fromdonations
2%
Revenues fromsubsidies
16%

Items as income, but not as profit(Ex.) Deferred income, such as a deposit

Government
subsidies for
management
expenses
58%

Items as expenditure, but not as expenses(Ex.) Expenses in advance, such as rent
Items as expenses, but not as expenditure(Ex.) Allowance for depreciation

Others1%

Revenues fromcontracted
research
11%

Revenues fromtuition fees7%-6-Outline of Financial Statements■Profit and Loss Statement
Item(Unit: million yen)
Increase/decrease

Fiscal 2014

Fiscal 2015

3,336

3,491

155

2,896

3,110

213

Education expenses

218

234

15

Research expenses

472

440

- 33

Expenses for education andresearch support

247

348

101

Contracted researchexpenses, etc.

159

238

79

Contracted project
expenses, etc.

132

122

- 10

Ordinary expenses
Operating expenses

Personnel expenses

1,668

1,728

60

General and administrative
expenses

388

344

- 44

Financial expenses

51

38

- 14

3,362

3,356

-6

2,090

1,957

- 133

Revenues from tuition fees

218

221

3

Revenues from contracted
research, etc.

161

244

82

Revenues from contracted
project, etc.

164

132

- 32

Revenues from subsidies

524

530

7

Revenues donations

40

70

31

Reversal of asset collateralliabilities

35

27

-8

Financial revenues

1

1

1

Miscellaneous gains

129

172

43

Ordinary income

26

- 135

- 161

Temporary losses

0

0

0

Temporary income

0

124

124

Net
profit for the current year26
- 12
※ 単位未満を四捨五入して記載しているため、合計額などが合わない場合があります。

- 38

Ordinary revenues
Revenues from government
subsidies for management
expenses

Reversal of reserve for
specific purposes

57

233

176

Gross income for the current
year

83

221

139

* Total amounts and other amounts may differ due to rounding up to the nearest unit.

-7-

Decrease due to personnel expenses,
etc.

Increase due to the implementation of
new campus network system, etc.

Increase due to the implementation of
National Personnel Authority’s annual
salary recommendation

decrease due to the completion of the
major repair of the school buildingthat marked the 10th year sinceconstruction (PFI expenses)

Increase in expenses due to theprogress of research, etc.

Increase in expenses due to theprogress of projects funded bydonations

Increase due to profits fromadjusting an account ofgovernment subsidies for
management expenses at the endof medium-term target period
Revenue obtained by the
implementation of projects using
the reserve for specific purposes
Actual gross income for the current
year: 98 million yen due to profits
from adjusting an account ofgovernment subsidies for
management expenses at the endof medium-term target period

Outline of Financial Statements
Cash Flow Statement
The cash flow statement indicates, as a certain activity, classifications focusing on cash flow
during an accounting year. It indicates cash flow and surplus or deficit, which are not read fromthe balance sheet or profit and loss statement.
While the profit and loss statement shows expenses and revenues generated during thecurrent year, it recognizes and measures the fact of receipt and payment of cash including
addition of borrowing and investment irrelevant to expenses and revenues, and is indicated in
the classification of income (plus) or expenditure (minus: -).

■Cash Flow Statement
Indicating cash flow of eachproject income or expenditure
regarding the implementation ofbusinesses such as education
and research

Recording a balance of theamount received and paid

Showing cash flow including
gain of fixed assets and fundmanagement for establishingmanagement bases for the
futureShowing cash flow regarding
repayment of borrowing, etc.

Showing increase or decreasein cash during the current year.
The increase in cash during thecurrent year is caused by adecrease in investment
activities.
Cash at end of year excludes
time deposits, therefore, it
differs from cash and deposits
in the balance sheet.

Item(Unit: million yen)
Increase/
Decrease

Fiscal 2014

Fiscal 2015

437

- 73

- 510

Payments for purchases of raw materials, products,
or services- 1,002- 1,204- 202

Payments for personnel expenses- 1,719- 1,880- 161

Payments for other businesses

- 260

- 319

- 60

Income from government subsidies for
management expenses

2,120

1,961

- 159

Income from payments from students

196

199

3

Income from contracted research, contracted
projects, etc.

323

368

45

Income from subsidies, etc.

528

493

-36

Income from donations

94

146

52

Income from other businesses

132

169

37

Income from deposits received

24

-6

- 29

Accounts paid into national treasury

0

0

0

II Cash flow from investment activities

257

541

284

Payments for purchases of tangible assets and intangible
assets

- 109

- 61

48

Income from repayment of time deposit

300

600

300

Payments for deposit to time deposit

- 600

- 600

0

Income from facility expenses

665

601

- 64

Interest and dividends received

1

1

1

III Cash flow from financial activities

- 741

- 639

102

Redemption paid of lease liabilities

- 101

0

101

Redemption paid of PFI liabilities

- 581

- 594

- 13

Interest paid

- 58

- 44

14

-

-

-

V Increase/decrease in cash

- 47

- 171

- 124

VI Cash at beginning of year

1,472

1,425

- 47

VII Cash at end of year

1,425

1,254

- 171

I Cash flow from business activities

IV Effect of exchange rate changes on cash

* Total amounts and other amounts may differ due to rounding up to the nearest unit.

-8-

Outline of Financial Statements
National University Corporation Business Operation Cost Statement
This statement shows how many of the costs spent for business management of
GRIPS, including education and research, were taxpayer-funded as “national university
corporation business operation cost.”
This statement is only prepared by incorporated administrative agencies and national
university corporations, not by private companies.
It excludes subsidies for scientific research and other expenses granted for individual
researchers.

■National University Corporation Business Operation Cost Statement(Unit: million yen)
Item

Increase/decrease

Fiscal 2014

Fiscal 2015

I Business costs

2,675

2,712

37

(1) Costs in the profit and loss statement

3,336

3,491

155

2,896

3,110

213

General and administrative expenses

388

344

- 44

Financial expenses

51

38

- 14

Temporary losses

0

0

0

Operating expenses(2) (Deduction) Self-income, etc.

-

661

- 779

- 118

Revenues from tuition fees

-

160

- 154

6

Revenues from admission fees

-

51

- 60

-8

Revenues from application fees

-

7

-7

0

Revenues from contracted research, etc.

-

161

- 244

- 82

Revenues from contracted projects, etc.

-

164

- 132

32

40

- 70

- 31

1

-1

-1

74

- 107

- 33

2

- 2

0

-

Revenues from donations
Financial revenues-

Miscellaneous gains-

Reversal of government subsidies for asset
collateral management expenses-

Reversal of asset collateral donations

-

1

-1

0

Temporary profits

-

0

-0

0

264

251

- 13

III Estimated amount increased in bonuses
outside allowance

3

8

5

IV Estimated amount increased in retirement
benefits outside allowance

25

84

59

V Opportunity costs

88

0

- 88

Opportunity costs of loan transaction with thenational and local governments at no or reduced
charge---Government-funded opportunity costs

88

0

- 88

VI (Deduction) Payment into national treasury

-

-

-

VII National university corporation business operation
cost

3,056

3,056

0

II Depreciation equivalent outside of profit andloss* Total amounts and other amounts may differ due to rounding up to the nearest unit.

-9-

Showing the costequivalent in the profit andloss statement from which
the revenues from selfincome were deducted

Showing the non-taxpayerfunded revenues

Showing the depreciationequivalent of nonprofitable assets

Showing the estimatedamount increased inallowance for bonuses
financed by thegovernment subsidies for
management expenses(recording the difference
from the previous year)
Showing the estimatedamount increased inallowance for retirement
benefits financed by thegovernment subsidies for
management expenses(recording the difference
from the previous year)

Outline of Financial Statements
Earnings Statement
This statement should be prepared pursuant to the accounting recognition standard (cashbasis and settlement period) in Japan, and shows prospects and results of management
conditions of national university corporations.
Specifically, it compares budget amounts in the annual plan (calculated based on budget
amounts and others under the estimation of government subsidies for management expenses
presented from MEXT) with settlement amounts that were actually executed.
It excludes subsidies for scientific research and other expenses granted for individual
researchers.

■Breakdown of Settlement Amounts of Income and Expenditure in Fiscal 2014
Facilities
improvement
subsidies
14%

IncomeIncome fromindustry-university
collaboration
research andincome fromdonations, etc.
12%

Income fromprojects covered bygovernment
subsidies for
management
expenses

54%
Income fromsubsidies, etc. 13%

Government
subsidies for
management
expenses 45％

Income from tuition
fees, admission
fees, andapplication fees 5%
Miscellaneous income

4%

Reversal of reserve
for specificpurposes
7%

Expenditure
Facilities improvement
expenses
15%

Industry-university
collaboration researchexpenses anddonation project
expenses, etc.
10%

Education andresearch expenses(including general andadministrative
expenses
62%

Subsidies, etc.
13%

-10-

Outline of Financial Statements■Earnings Statement(Unit: million yen)

Increase/decrease

BudgetamountSettlement
amount

1,961

1,961

-

601

601

-

-

544

544

424

373

- 51

Income from tuition fees, admission fees,
and application fees

235

198

- 37

Miscellaneous income

189

175

- 14

Income from industry-university collaboration
research, and income from donations, etc.

360

521

161

Reversal of reserve for specific purposes

505

323

- 182

Total

3,851

4,322

471

Item

[Income]Government subsidies for management expenses

Facilities improvement subsidies
Income from subsidies, etc.
Self-income

Increase due to gaining a project
covered by the government
subsidy

Increase due to making efforts togain contracted research, etc.

Decrease due to not drawing down
the reserve for specific purposes[Expenditure]
Decrease due to a reduction in
education and research expenses

Operating expenses
Education and research expenses
Facilities improvement expenses

2,890

2,575

- 315

601

601

-

-

533

533

Industry-university collaboration researchexpenses and donation project expenses, etc.

360

423

63

Total

3,851

4,132

281

Subsidies, etc.

* Total amounts and other amounts may differ due to rounding up to the nearest unit.

-11-

Increase due to gaining a project
covered by the government
subsidy

Decrease in monetized amountdue to the progress of research,etc.

Financial Information on Management■Analysis Using Financial Indicators

Financial analysis
Financial analysis is a way to evaluate and assess the management of national university corporations by preparing
numerical indicators using data including financial statements for stakeholders of national university corporations to gain
necessary information for decision making concerning such national university corporations.

Financial indicators used for financial analysis are roughly classified as follows.

Soundness/Stability

Efficiency

ActivityIs the financial soundness for providing continuous andstable education and research secured? (“Current
ratio”)Is the management efficiently conducted?
(“Personnel expenses ratio,” “General andadministrative expenses ratio”)

Are the education and research activities
conducted at an appropriate level?
“Ratio of operating expenses to research expenses,” “Ratio of
operating expenses to education expenses,” “Ratio of operating
expenses to expenses for education and research support,”“Research expenses per faculty,” “Education expenses per student”

Expansivity

Are the financial resources as a university stable bysecuring various funds (external funds)? (“Externalfunds ratio”)

Profitability

Are the revenues that match the expenses secured?
(“Ordinary income ratio”)-12-Financial Information on Management

Financial Indicators between Fiscal 2009 and Fiscal 2015

Fiscal year
2009

2010

2011

2012

2013

2014

2015

Financial indicator
1. Current ratio(current assets ÷current liabilities)

115.0%

92.9%

107.5%

116.8%

123.5%

125.5%

123.2%

2. Personnel expenses ratio

58.7%

59.9%

58.1%

58.4%

54.6%

57.6%

55.6%

17.8%

12.4%

14.4%

12.9%

11.0%

13.4%

11.1%

11.7%

9.2%

10.8%

11.2%

13.8%

16.3%

14.1%

3,619
千円

3,124
千円

3,128
千円

3,460
千円

4,314
千円

5,617
千円

4,830
千円

11.0%

10.7%

10.9%

11.5%

10.7%

7.5%

7.5%

705
千円

645
千円

583
千円

663
千円

645
千円

519
千円

586
千円

9.0%

9.1%

10.2%

10.3%

9.7%

8.5%

11.2%

10.1%

12.4%

11.2%

9.0%

11.7%

10.9%

13.3%

1.6%

2.3%

7.4%

4.0%

3.3%

0.8%

-4.0%

(personnel expenses ÷operating expenses)

3. General and administrative expenses ratio(general and administrative expenses ÷operating
expenses)

4. Ratio of operating expenses to research expenses(research expenses ÷operating expenses)

5. Research expenses per faculty(research expenses ÷number of faculty)

6. Ratio of operating expenses to education expenses(education expenses ÷operating expenses)

7. Education expenses per student(education expenses ÷number of students)

8. Ratio of operating expenses to expenses foreducation and research support(expenses for education and research support ÷
operating expenses)

9. External funds ratio ((revenues from contracted
research, etc. ＋ revenues from contracted projects, etc.
＋ revenues from donations) ÷ordinary revenues)

10. Ordinary income ratio(ordinary income ÷ ordinary revenues)(Legend)*Better than the previous year (an increase in points from the previous year that is desirable in the financial indicators)
Better than the previous year (a decrease in points from the previous year that is desirable in the financial indicators)
Worse than the previous year (an increase in points from the previous year that is not desirable in the financial indicators)
Worse than the previous year (a decrease in points from the previous year that is not desirable in the financial indicators)* FY2015 was the last year of the 2nd midterm period and we implemented projects intensively using the accumulated reserve for specific purposes.
Due to that, the ordinary income ratio has become minus but the ratio of substantial gross income (98 million yen) to ordinary income would be 2.9%
excluding the reversal of reserve for specific purposes that were not recorded as ordinary income.

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[Contact] Administration and Budget Team
Finance Division
Administrative Bureau
TEL 03-6439-6024
FAX 03-6439-6030
URL http://www.grips.ac.jp