α″ ?刀 葎
働 刀ぎο α″″Fin,刀 c力 ′ざ′"″ιαF♂ 刀虎 ″励力J′ ,2θ fJ
デOFす力?ノ
ざ″TCS力 ο″,μοl伽gs働 .,Lぢ拡
α寛″ 働

刀ぎο″″,1修 ″ ざ"bsJEiarLCSCONSOLIDATED BALANCE SHEETSWCC SHOWA HOLDNOS CO.,LTD and Consolidattd Subsidiaries
2014

2015

2015
!ο И
Sげ χ″
ノ
(ν,′′

d♂ ″
′Sοノ
仲 ο″
協′
sノ
[′ d′ο
′

rⅣ

ο
セイ
)

ASSETS
Current assets:,sj̀J力 ′′7)てCash and timc dcposh rハ「ο′¥7,785¥8,097

S67→ 80,′ つ
ザてTradc notes and accounts rcccivable rⅣ ο

48,61845,526

378,847rて ,9Invcntorics rⅣ ο

21,473

21,986

182,957

776

542

4,510

5,199

4,040

33,619Dcfcttcd tax asscls r/ο rで,′

9

0thcr

(160)

(63)

(524)

83,69180,128

666,789

,s∂ α
ヵ′′
′
て
ヮ
jブ
″s∂ αИ′′Machincry,equipmcnt and tooに rⅣ ο

38,70939,486

328,585

71,16572,455602,938j′ttd a r2,″ メ′Land rⅣ ο

24,001

23,993

199,659

1,950

1,987

16,119(92,289)(92,968)

773,637)て

43,53644,903

373,664

2,055

1,973

16,418

2,055

1,973

16,418,s名 ∂,力 ′′7′とInvcstmcnt securXics rプ Vο ″

8,425

7→ 60

61,247

Othcr rⅣ ο
セ∂
)

1,490

1,470

12,232

1,512

2,416

20,104A1lowancc for doubti】 l accounts
Total current assets

Property,plant and equipment:
Buildings md smctures rブ

vο

Othcr
Accumulatcd deprcciation
Total properⅢ ,PIant and equipment
lntangible assets

Other
Total ilitangible assets

IEIVeStments and other:lssets:

Nct dcSncd bcneit assct rⅣ

οセ′
θ
)

A1lowancc for doubtれ l accounts

TOtal iDVeStments and other assets
Total assets

Jセ ,″ θ:И θ,,ど S′とJι ′αセ′F,■とθο″,r,α ,,ノ J''g Ⅳοrて ,sど οCο ヵsο ′S?￠ Иθ

"お

̲

(337)

(227)

fl,889)

11,09011,01991,694¥140,372¥138,023

Sl,148,565

2014

2015

2015
rirJ〃

デ
ο
η
s ο
/ノ 9拶

rT力

ο″
M″ ぬ げud′ 。′:rd)
rι

rブ

vο

,7,
ど
て

LIABILITIES AND NET ASSETS
Current liab‖ i"es:¥44,828

7)
:И メ′
たs∂ と
Short‐ tcHn dcbt rⅣ ο

¥40,78

S336,007

24,026

194,633

Accrucd incomc taxcs

317

2づ 46

Rcscrvc for construction ioss

106

1,140

Rcscrvc for busincss struCturc improvemcnt cxpcnses

215

266

RcscⅣ c fOr Surchargc

630

Othcr accounts payablc

7,719

7,7S9

3,449

3,742

31,13981,29075,743

630,298rⅣο修 ′秒

Tradc notes and accountt payabに

Othcr
Total current liabilities

64づ 67

Long‐ term liabilities:

17,277

18,586

154,664,′ θてNct dcincd beneitliability rブ vο ′
ノ

564

537

4,469

Accrucd rctirement bcncfits for dircctors and statutory auditors

114

108

899

1,035

193

1,606

4,876

4,424

36,815

1,637

1,510

12お 67

Total long̲term liab‖ ities

25,50325,358211,020

Total habilides

106,793

101,101

841,318

Long‐ tcHn debt rブ Vο たs∂

,,′

′7,

̀″

Defe∬ cd tax hablijcs rⅣ οセ ′りDefe∬ ed tax liabilitics rclated

9,s′ ?α η′′てto land rcvЛ uation r'Vο ′0thcr

Contingent liabilities r′ Vο rt,ff)

Net assets:

Shareholders'equity:

Common stock:
Authorized‐ 700,000,000 sharcs

24,222

24,222201,5643)
CapitJ surplus rザ vο 佗′

6,429

5,915

49,222,′ じ
どてRctained carnings rⅣ ο,

(1,276)(395)(3,287)

(14)

(15)

(125)

29,361

29,727

247,74lssucd‑308,268,61l sharcs rⅣ

ο佗′
り

θ′
Jノ
Trcasury stock rブ vο ′Totai shareholders'equity
Accuコ nulated other commprchensive income:Unrcalized holding gains on other securitics
Variance ofland rcv』 uation rブvο セ ′妙FordBn currcncy ttanslation ad」

ustments

Rcmcasurements ofdeincd bcncrit plans
Total accumBulated other comnprebensive income
WIinority interests

816

691

5,750

4,894

5,46

44,487

1,613

2,464

20,504(3,402)(1,6■ )

(13,406)

3,921

6,890

57,335

297

305

2,538

Total nct assets

33,57936,922

307,247

Total liabilities and met assets¥140,372¥138,023

Sl,148,S65

Sて ,?И,sο ′,′と:rて ,′ FJ″′ Ⅳοセsrο Cο ′θθο″,フ と
】 ど
',ノ

'g

:′ Srι :′̀J,,c,とθ"?,,おCONSOLIDATED STATEMENT OF OPERATIONSSWCC SHOWA HOLDNCS CO,LTD̲and Consolidatcd Subsidiarics
2015

201S

2014

Иο
η
ノ
ノノθ

ο″sとJ,,″ SO′
′
s,
ひdιゴ
ο′】

rir,〃 ,ο s

rT力

rと

r,vο

Net sales
Cost oFsales rプ VOr̀夕 dび α″″rイ)
Gross profit

SeWing,general a:ld administrative expenses rプ

Vο r̀,′ イ)Operating incomc

,7)
ど
て

¥183,289¥181,694

Sl,511,97S

163,727

163,S32

l,360,839

19,562

18,162

151,136

17,00916,925140,842

2,553

1,237

10,294

45

57

474
1,265

Other income(exPenses):
Interest incomc

150

152

Forcign currency cxchange incomc

12

260

2,164

(1,092)(1,061)(8,82,)

Equity in losses ofattliatcs

(271)

(209)

(1,739)Gain on bargaln purchasc

18

lntcrcst expensc

Stattc subttdy

8Gain on salcs ofinvcstincnt sccuitics

4
(630)

j′
θ′
Loss on impaiHncnt ofixcd asscts rプ Vο ′(8)Business structurc improvemcnt cxpcnses(248)

Compensation for prOduct(1 72)

OthcL net

Income(losS)bCfOrc incomc taxcs and minoity intcrcsts

857
7,464

２ ２
＄ ６ ４
８

Thc amountt of surchargc rcscⅣ e ttnd transfcr

３ ７
０ ９

Divldend incomc(682)(2,184)(327)(2, 721)

369

910

7,573

S2S

4,369

672
238

5,S92

lncome taxes rⅣο ,′ 9rとCuπ cnt

1,223

Dcfcttcd

210
159

lncome(IosS)befOre minoriけ interests
Minority interests

36

19)

Netincome(loss)

¥195

¥229

】
′
θ′rF′ ,,と ,,,θ 力r Srと ￠胸θ,,Vi,メι,θ ο″,Pと ,,,ノ テ 「οr♂ srο σο,,sο ′S99И て,′''=ハSl,906

CONSOLIDATED STATEMENT OF COMPREHENSIVEINCOME
SWCC SHOWA HOLDNCS CO,LTD and Consolidatcd Subsidiarics
2015

2015

2014

ヵ
ο
sげ /И)rνJ〃 テ

″力ο

"MИ

ι
rs ο
デ

とs)
us′ ο′′,′

Unrealizcd holding gains(loSSes)0■36

Othcr securitics(24)

Variancc ofland rcvaluation(137)

Foreign curcncy transiation attustmCnts

791

1,441

24,765¥1,600¥3,214¥26,746¥1,627¥3,199

S26,621(27)

15

Remeasurcmcnts ofdcined beneit plans
Share ofothcr cOmprchcnsive incomc ofarlliates in cquity method

Total other commprehensive iDCOme

Comprchensive income(1,015)４ ４ ７ ４ ９︐ ２︐・Defercd gains(losSCS)On hedges

Sl,981

８

Other comprehensive income rノ VO惚 20,

翌

¥159

Income(Loss)beFore minority interests

,7)
ど
て
rⅣ ο

775

3,761
3,512
14,904
3,603

Comprchensive income attributabic to

Owncrs oftthc Company
Minority intcrcsts

θο,″Pα ИS̀,9 Иθノ′''=Ⅳ,′ F′ ″
α″θ力r Srと JセJ′α′てοtts′ O CO力 Sο ′

"θ

″rs̲

CONSOLIDATED ST△ TEMENT OF CHANGESIN NET△ SSETSSWCC SHOWA HOLDrNCS CO,LTD and Consolidatcd Subsidlancs

1,げ /″)
″ ′″
!′

̀ο

Accumuttlcd othe「Sharcholdcrs'equily∞mprehensive ln∞ mc
accumulated

DeFeredVanan∝

Foreign cu「 cncy

shareholder'sholdlnB Ballis gatrls(1()SSes)o『 Iandtranstatton

cquityon sccunttcs (n hedgescv』 uahon

adJustments

Comm∞

CapitalRetttned

Trc■ siば ysttx,ksurpluseamuigsslock(10SSes)
翌 4,222B』 ancc at Ap市 11,2013

業6,077)(4,606〕

4,606

業 13)

Minottty

Total

plans

梨S,031

零

r24,

(137〕

lsS8

5

income
Y―

塔』90

¥293

聖S,5tl(1つ ω 】

4

̀1,65Ⅲ．甥 ω

capital su,Ius

NЫ 硫∞meぃ ss)fOf hC ycar

otherofdeined be:】 ell∞ mprchensive hし「cs皓

¥24

¥730

翌 9,167

TransFer to rctalncd carfungs FTOn

Remeasurements

19S

．Ｓ ①
・
︐

¥11,03S

Un「 cal■ zedTolaly sI()ck

Purchase of trcasu「Changcs ohc「 than
sharcholders equlⅢ

rν

′
′
″
ο
″
∫ゃ
切ヅ
ズノ
Accumulated odler

Shareholders'cquiげaccL ndtted

DeFe「 cd

Vと‐
lance

shareholder's

hddJiB gaJIs gauis o(lsSCS)

oFlandtanstanon

equlty(ln sccunhcs on hedgcs

cv』 uatlon

adJttinicnにCommonCap詭 』

Retttned

Trcasury

Tot』

slock

lus
Su呵 〕

earntngs

stOck(1(lSSes)

翌1,222

Balance at Ap市 11,2014¥6,429 <1,276) x14)

ic

¥29,61

挙

当 ,894mcy

Remeasuremcnts

other

Mino市 げTotal

oFdeined benttt c(〕 mprehenSve

ptalisuicomeY(3,402)¥1る 13弩 ,921

塑 97

お 3,S79

138

138

229

︲
Ｓ

acc(lminB pohcy
TransFerto retaJled earmgs tOm

子816

ForeiBn ctu「

９
２ ω
２

Ｄ

AdJustmcnt on chanBc of』

Unrcalized

tS14)

２
２

capital surptus

NO hc(,mc oosS)fO「 he year
Purchasc oftrcastt sloCk
Changes other han

(1)

(1)

shareholders eouitv¥24,22B』 ancc at March 31 2015y15ヽ

当 39Sゝ

¥691

望29.727

Y―

452

3Sl

46

¥2解

製

郵 390

襴 l15

¥36,22

̀●

rTヵ

gV)
′
SO′ 〔
ア
d′ο
′
′ ,r′ Vο ′οvs̀:′ ′
̀:/びAccu!nt』 ated other∞ mprchcnsivc ttc(,me

Sharcholders'equity

Tola
accurnulalcd

CommonCaphalRetaulcd TFettury

stoCk

surpluscar‐ Bs

stock(10SSCS)
S201,S64 SS3ρ 9

Batance at ApttI I,2014

Tot』

shareholdcrs

equityS(10,613) S(117)

S244→ 23

hOldm8 8dns galls doSSes)

Vanancc FOrSgn curency
ofiandtransLこ on

On secuntes

evduatton

Ulrea izcd

S6,790DcFc「 edon hcdges

争 S40726

adJustments
S13,423

Rcmcasurcments
odicr
oFd誦 ncd benent comp「 ehcns"cWanS

Mmonly

Total

h∞ me

S(28,10)

S32お 2,S2■ 71

S27,,423

AdJusⅢ nent on change ofthe
1,148a∝ ounttng pohcy
TrallsFerto rethncd calttBs Fomcap詭 』su呵)lus(4,77)

1,148

1,906

1,906

4,77
1,906

Net uicome o()SS)fOf ttic ycar

1,148

Purchase ofteasury sl∝k
ChanBcs othcr han(3)(1よ 阿0)

sharchOldcド s cq苗 ty
S201.ヽ 64

Bdancc at Ma「 ch 31,2015

dg9′ 4♂ θο″,μ ″)′JVο ′('S′ ο CO"ざ 0′f′

"ξ

̀I′

S19,22?′ 万 打,″ C′

そ,,9,:li

S′
̀:′

:′

̀:′

Srat287)

S(125】

S247● 74

SS,7503,761
S‐S14■ 87

14とS20,504'04

S(13、 406Ⅲ

24.70667

24,773

SS7● 3S

S2538

S3(17,47

CONSOLIDATED STATEMENT OF CASH FLOWSSWCC SHOWA HOLDNGS CO,LTD and Consolidattd Subsidiarics
2015

2015

2014
:ο И
sげ )ゼ 〃rν ′ο″sと:,P'dげus′ ο′
′ d′
̀J′
「セイ
rλ ο
)

rTみ

:′

cash aOws from operating acdvities:
Incomc doss)bCfOre incomc taxcs and minority intcrcsts

¥369

¥910

S7.573

Depreciation and amortization

2,948

3,490

29,0428

8

67

Loss on impairmcnt ofixcd asscts

Compensation income

(101)

(21S)

(1,789)Gain on salcs ofinvestinent sccuritics

(4)

(897)

(7,464)

Loss on disposal ofpropew,plant and cquipment

27

45

374

Loss on dcvaluation in invcstmcnt sccurities

3(1,723)lncreasc(dCCrcasc)in aliOWancc for doubtttl accounts(139)

lncreasc(dCCrcasc)in rescⅣ c for constttction ioss

75

258

(H5)

(225)

lntercst and dividcnd incomc(195)(1,731)lnterest cxpcnscs

1,092

8,829

lncreasc(dCCrcasc)in prOvttion for nct deined bcncatliability

630

ReseⅣ c for surcharge

442

3,678

(1,267)

3,089

25,70S(2,107)(513)(4,268〉

106

(856)

(7,123)(1,020)

927

7,714

lncrcasc(dCCrcasc)in OthCr cuttcnt habWities

925

(195)

(1,623)Business structurc improvement cxpcnscs

248

6

50

Compensation for product(InCrease)decrcasc in trade notes and accounts rece市 ablc
(InCrCase)decrcasc in invcntories
lncrcasc(deCrease)in tradc notcs andcoun6 payable(InCrCasc)dCCrease in othcr curcnt assets

Other(1,400)

720

5,992

83

7.611

63,336

Sub― total

206

256

2,130

(1,088)(1,039)(8,646)

Settlemcnt paid

(618)

(S,143)Business structurc impЮ vement cxpcnscs paid

(152)

(1,265)

latcrcst and dividends rcccivcd
lntcrcst pttd

lncome taxcs paid
Net cash(uscd in)prOVidcd by opcrating activities

1409)
(1

(433)

(3,603)

5,625

46,80,

Cash■ ows from investing acdvities:
Purchascs of investmcnt sccuritics

(9)

(9)

(75)

Procccds徹 oln sales ofinvcstmcnt securitics

48

1,845

15,353(3,317)(3,689)(30,698)

39

41

341

109

(345)

(2,871)(4,567)(2,028)(16,876)

Purchascs ofprope叫 ,plant and cquipmcnt
Procccds frona sales ofpropcけ ,Plant and cquipmcnt
Expcnditures for acquisition ofiavestments in an arllia俺Procccds lrOm purchase ofsharcs ofsubsidiarics rcsulting in changc in scopc ofconsolidation
Procccds from sales ofinvestmcnts
n loans rece市 ablc
(1■ CrCasc)dCCrcasc in short‐ 俺ΠOthcr
Net cash uscd in invcsting activitics

(498)

60
3

1,074

(1,002)

2015

2015

2014

sげ灌η
)
rν rttο ヵDο クSα ,P′∫ο
デ
〕dι′
ο′
′
ι
J′ ∫
)
rⅣ

ο,7)
rて

Cash■ ows fronl anancing ac● vities:
Increase(deCrcasc)in ShOrt‐ tcm bank borowings

1,041(5,754)

Procccds,om iong‐ tcnn debt

11,05011,11092,452

Rcpaymcnt ofiong‐ tcttn dcbt

(8,332)(8,6'0)(72,314)(47,882)

(6)

(7)

(S8)

981

(152)

(1,26S)

Nct cash pro前 ded by(uscd in)● nancing actlv■ ies

4,734(3,493)(2,,067)

Effect of exchange rate changes oD CaSh and cash equivalents

422

259

2,155

Dividcnds payment
Othcr

3,021

Net increasc(decreasc)in cash and cash equivalents(619)

Cash and cash equivalents at beginiling of year

8,224

7,605

63,285¥7,605¥7,968¥66,306

Cash and c:lsh equivalents at end ofyear rプ

Sと ,9Vο vt,S,

F!η α
ヵθ と
r Srと :rて ,胸 θ
η′
s
Jrて ′
で
,s rO(ア 0′,dο r,ど とИcθ ο,″フα,4ノ :'lg Ⅳο′
,ι

lと

蝉

Π NANCIAL卿

Ю耐

SWCC SHOWA HOLDttGS CO,LTD and Consolidatcd Subsidiaries

1.Basis of Presentation

The accompanying consolidated financial statemcnts of SWCC SHOWA HOLDINGS CO., LTD。
Company'つ and its consolidated subsidiarics(colleCt市 ely he(theCompanies'つ have been prcpared on he basis ofaccounting principles generany accepted in Japan,which are different in certain respects as to he apphcation anddisclosure requirements of lnternational Financial Reporting Standards, and havc been compilcd iom theconsolidated financial statements preparcd by he Company as requircd by the Financial lnsttumcnts andExchange Law ofJapan.
In addition,the notes to hc consondated inancial statemcnts include infoHnation which is not required underaccounting principles gencrany accepted h Japan. Certain rcclassifications have been madc to present thc
accompanying consolidated anancial statements in a follllat which is familiar to rcaders outside Japan.

2.Su■ 11■ ary of Signirlcant Accounting Policies?dοデGο
)PriP,c″ ′rα∫οIFEarlo

The consolidated financial statcments inctude he accounts of the Company and tt consolidated subsidiaries.In
preparing he consoLdated flnancial statements, an significant intercompany ttansactions,account balances anduireahzed proflts or iosses among the Companies have been eliminated. In hc eli■ lination of investments inconsondated subsidiaries, he assets and habilities of the consolidated subsidiaries, including the portion
a位 直butable to minonty sharcholders)are recorded based on the fair value at the time he Company acquircd
contol ofthe respective subsidiaries.

Differences between he cost of he investmcnts in consolidated subsidiaries and he underlying equity at fairvalue ofdates of acquisition have been amo■ izcd by the sttattnt― line rnethod ovcr a period ofivc years.

The equity method ofaccounting has been adopted for investmcnts in the mttor aFlliated companics over which
he Company exercises signiflcant inauence in tcHns oftheir operating and inancial policies.

The total asscts, retained eanlings, net sales and net income(loSS)Of the unconsolidtted subsidia五 es andaFlliated companies which are not accounted for by the equity method h he agBregate were not si8niacant inrelation to the coresponding consondated balances ofthc Companies.

owsi

The number ofthe consolidated subsidiarics at March 31,2015 is 24,listcd as fo‖

Namc

Percentagc ofP菰 dヽ ncquity ownership

capital,ッrνlr′ ,ο′SWCC Showa Cable Systcms Co,Ltd

1000%¥10,000

SWCC Showa Dcvicc Tcchnology Co,Ltd

100̲0

3,500

EXSYM Corporation

851

500

550

480

1000

318

DaJl Co,Ltd

1000

480

AXIO Corporation

1000

310

SWCC Showa Busincss Solutions Co,Ltd

1000

100

SDS Corporation

1000

100

Logis‐ Works

Unimac Ltd
Fu」 i

Elcctric Cable Co,Ltd

1000

95

Ao■lori Showa Elcctric Cable Coゥ Ltd

1000

80

Tamagawa Magnetヽ Virc Co,Ltd

1000

46

Showa Recycle Co,Ltd

1000

20

Showa Technical Corporation

1000

20

Shoukou EquiPment lndustry Co,Lと d

1000

80

Tiattin shOwa Enarnelled W‖ e Co,Ltd

548

USS17 0Fuqing Showa Seiko Elcctic Co,Ltd

1000

USS3 4SWCC Showa(VIETNAM)Co,Ltd̲

1000

USS7 0

SWCC Showa(ShangHai)CO,Ltd

1000

USS5 2

Co,LtdJiaxing Showa lntcrconncct Products Co,Ltd

952

USS3 2SWCC Showa(HK)Co,Ltd

1000

HKS84 3

Dongguan Showa lntcrconncct Products Co,Ltd
HangZhou FuTong Showa lnttrconncct PЮ

Showa Science Co,Ltd

ducts Co,Ltd

1000

USSl̲7900

CNY S12700

40

The number ofafflliates,h which investtnents arc accounted fof by the equiりmCthOd,is 5 1isted as fo1lows:

Pcrcentage ofPaid― inequity(〉 wncrship

capitalヵs)rν lr″ ο
Hua Ho Enginccring Co,Ltd.

5000/O

NTS35

Showa‐ TBEA(Shan Don3)CablC AcccssOrieS Co,Ltd

490

USS14

HangZhou FuTong‐ Showa Elcctric Wirc Cable Material R&D Co̲,Ltd

500

CNY¥10

FuTong‐ Showa Elcctric Wirc&Cablc(HangZhou)Co,Ltd

500

CNY¥322

FuTong‐ Showa Elect百 c Wirc&Cable(TianJin)CO,Lttd

500

CNY¥100

EIfective the year ended March 31,2014,Miyazaki Elec,ic Wire&Cable Co.,Ltd.,has been exctuded iom thescope ofthe consolidated subsidianes shce it was closed.

)FO′ ?′

rう

″dどα′
′
0
:て ヌ′
′
?′ ,Cノ T′ α=′apanese yen at applicable exchange
Asscts and=′liabiltties denominated in foreign curencies are ttanslated hto」
rates at the balance sheet date,and direrenccs resultingと om the ttanslation are inctuded h oher income or othercxpcnses in the consolidated statements of income.
COnsolidated subsidiaries and afflliates that operatc in local curcncy are
The assets and liabilities of forei8■translated into Japancse yen at the applicable exchange rates at the balance sheet date,exccpt for the components

of net assets excluding minoriり intercsts which are tanslated at hett historical exchange rates.Income andcxpense accounts arc also ttanstated at the apphcable exchange rates atthe balance sheet date.Di∬

erences arising

tom he ttanslation are presented as transiation attuStments and minority interests in accumulated otter
comprehensive incomc ofits consondatcd anancial statements.

Иrd
И′G″ ぎ
力どT‖Eッa′ι
rc,cas力 αCash and cash equivalcnts consist of cash on hand, cash in banks which is readily available and sho■

―
terin

investments with maturtties oftttee months or less when purchased which can easily be convertcd to cash and are
SutteCt tO littlc五 sk ofchange h value.
r″)r′

♂
ぎ
″
ッ
?打 rO〓テ
五ned by the average method or net realizable value.
二

Inventories arc primarily stated at the lower of cost detel二五ncd by he moving average
Invento五 es of cciain consolidated subsidiaries trc stated at the lowcr of cost deter『mchod or by tte spcciflc identincation mehod or net rcalizable valuc.れ 吼en he costs exceed he net realizablevalucs,inventories are written doⅧ

to the net realizable value.

csr?)/″ 光w胴 印rs♂ cx「iとこMarkctable secllrities classifled as̀̀ohcr secunties"arc caコ ried at faと value with changes in uばealized holdhg

gains or losses,net of he applicable income taxes,included directly in net assetso Non― markctable securnies
ng averageclassiflcd as oher seclrttics,"whiCh have no fair values,are caried at cost deteIIilined by the mo宙
method.Cost ofseclxrities sold is detelI二 五ned by the moving average lnethod.

ορ?′1′,P′ αrα ′ETИ ″用? ′(′Prope噂'P′ ,plant and equipment are stated at cost.Depreciation is calculated by the straight■

ine mettod over heestimated usefuH市 es.The main estimated usettH市 es ofproperり ,plant and equipment are as follows:
Buildings and structures

Machinery and Vehicles
Equipment and tools

31 years(3‐ 50 years)
10 years(2‐ 14 years)
5 years(2‐ 15 years)

αttgJう ルИjda体
rg,f力 ′
Intangible assets tre amortizcd by the sttaight― line rnethod ovcr each ofther estilnated usettl lives.EspeciaHy,
computer sonware fOr intemal usc is amonized by the staight― hne inethod over tts estimated useaュ llives Of5
years.
r力)Ltts♂s
Depreciation offmance lease assets that ttansfer ownership ofthe assets,Inainly offlce equipment is calculated byhe same mettod applicd for prop研 り,plant and equゎ me五
Financc leases,the agreements of which do not include he transfer of owncrshゃ ,are accolnted for in the samemanner as ordhary purchase ttansactions of fュ xed assets and arc depreciated by sttaight― hne method over thethe agreements of which do notincludc
respcctive lease telllls wih a zcro residential value.While,finance leascsぅ
.

hc ttansfer ofowncrshゃ and started on or before March 31,2008,are accomted for as opertting leases.

OИ ′′οりα打じ?力「 DO′ うっゆ′ИCCο 朋 お 買 ?ル αうど♂

The allowance for doubtAn accOunts receivable is provided bascd on historical defautt rates and additional
estilnated uncoHectible amounts to cover spcciflc doubtill accounts receivable.
O Rgr:「 ?

?″ 】印頭tS(1)MettOd Ofattibuting benefits to periods ofseⅣ ice
When calculating retirement benerit obHgations,the sttaight‐ line basis is used for attributing expected retirement
bcneflts to periods ofservice.
ice costs(2)Mchod Ofexpenses for actuarial gains and losses and past seⅣ
Past service cost is amonized On a stta18ht― line basis over ccrtain peiods wihin hc averagc remaining seⅣ icel"es ofemployees(mainty 13 ycars)from the year in which n arises.
Actuanal gains and iosses are amortized on a sttaight― line basis over ceiain periods within the average remalning
seⅣ ice lives ofemployees(mainly 13 years)と om he year following thatin which they arise.

偽r dreЫ ors ttd statuov audttors,血 e Comptties have pro宙 ded)ased on patte正their intemal rcgulations.
盈鰐 臨温離孔蠍 !enett,翼 賀 ?′ ッ?デο′(テοИ∫r′ 何力″ LON
J『rどReserve for consttuction loss is provided at hc estirnated amount for anticipated losscs On the consttuction
contracts in progress.
,rJrκ 肋甲 ′
οフ♂ ?′ Pr′ο郎
ッ?デ0′ うИS力 賀 SS″ ″【r″ a)R6♂ ′RcscⅣ e for business structure irnprovement loss is proved based on an estirnate of business sttucturei=nprovement expcnses.

′
c力 α)R賀 ♂′フιノb′ ∫″′r刀Reserve for Surcharge is=♂recordcd at the expected loss resulthg from the payment of a surchargc payment ordcr
based on thc European Co■ llnission.
:ο ′
″ど
′
αcrs
何′
0′ ,(デ ο′ ごοsr ο,Sr′ И
′,′ ♂
αデ〔rο)R?フ ぞ'∬The Company recognized revcnue and cost of construction conttacts under the percentage―of―completion mcthod

if he outcome of he consttuction act市 ity is deemcd certah du五 ng he course of he act市 iり .Otherwise,heCompany recognized revenue and cost upon completed‐contract method. The percentage of completion is

calculated at the cost incurred as a pcrcentage ofthe estirnated total cost.

αガッ♂
rr,)Dι ガフ
The Companies use foreign currency forward exchangc conttacts and interest rate swap agreements to hedge therisk of fluctuations in fofeign currency exchange rates and interest rates,respectively.Cain or loss on changes inthc far market values of the derivative rmancial insttuments which meet certain cnteria as hedges is dcfelred on
the balance shcet until gain or loss on thc hedged items arc recognized.

However,foreign curency forward exchange conttacts,which mect certain conditions,are accounted for as apart ofttanslating foreign currency monctary assets and liabilities in thc consondated balance sheets.

In case where interest rtte swap agrcements are used as hedges ttd meet certain hedghg criteria,thc net
amount to be paid or receivcd under the conttact is added to or deduced iom he interest on the assets or liabihies
for which the swap conttactis executed.

Sincc commencement ofhcdge conttacts,the Companies have assesscd the ercctiveness ofeach hedge conttact
by comparing the total cash aow auctuation or rnarket auctuation ofhedging insttuments and hcdged items,

И■prit'″ T̀=χ∫rT)Gθ 打Transactions suttect tO COnsumption taxes are recorded at amounts exclus市

c ofconsumption taxes.

cθ ?Taχ 賀r′)′И
Dcfelred tax assets and liabilities arc dete111五 ned based on the differences between inancial reporting and the tax

bases of the assets and liabilities and are measured ushg he enactcd tax rates and laws which win be in effectwhen the differcnces are expectcd to revcrse.Thc companics in Japan■ le the consolidated tax feturn.Overscas
consolidated subsidiaries are suttccttO incOme taxes in he countries in which hey operate.

3.Accounting ChangeE∬cctive thc year ended March 31,2015,the fonowing Change in accounting policy and new accounthg standard
were adopted.

Effective frOni the ycar ended March 31,2015,the Company and its consolidated domestic subsidiaries haveapplied he"Accounting Standard for Retirement Benefits中(Accounting Standards Board of Japan cASBJW)Statemcnt No。

26,May17,2012(Statement No.26))and"Guidance on Accounting Standard for Retirement

Beneits"(ASBJ Guidancc No.25,March 26,2015)rcgarding he article 35 ofthe Statement No.26 and the article
67 of he Guidance No.25。 The calculation method of retirement beneit and past seⅣ ice costs and thedete二 11lination

method ofthe discount rate have becn changed.In accordance with the ahicle 37 ofthe Statement

No.26,the effect of the change in accounting policies arising iom initial apphcation has bcen recognizcd in therctained earnings at the beginning ofthe rlscal year.

As a rcsult of the application,he retirement beneat asset has increascd by¥1 88 million(USSl,564 thousand),

11,2014.The impact on

and the rctained eal■ hgs have increased by¥138 million(USSl,148 thousand)on Ap五operathg income and income before income taxes for the year ended March 319 2015 is not significant.

4.UoS.Dollar Amounts
For the convcnience of thc readers outside Japan, he accompanying consolidated inancial statements arepresented ul U,S. dollars by ttanslating all Japanese yen amounts at the exchange rate of¥120.17=USSl.00
prevailing on W【 arch 31,2015.1汁 is ttanslation should not be consttued as a representation that the Japanese yenamounts actuany represent,or have been or could be converted into U.S.dollar amounts atthe above or any otherrate.

5,Cash and Tine Deposits【
arch 31,2014 and 2015 was as follows
Inforination regarding cash and tiine deposits atヽ ′
2015
2015
2014
″
dと 了
′lSげ
P力 ο

再9,ノ
β布J″ ο''Sミ
Cash and timc dcposits dDC Within 3 months
Tintc deposits duc over 3 months
Total

Inventories
Thc breakdown oflnventories at March 31

̀ι

/Sど ο
ど
′
,/5'
こ
S66→ 06¥7,605¥7,968

180

129

1,074

¥7,785¥8,097

S67→ 806。

2014 and 2015 was as follows
2015

2015

2014
rJヽ

rloヵ s式
イ
′
′
Ⅲ9И)

(勁 ο

"S,′

[ガ

,お ο
′

′
α/6)
S′ ο′

Merchandisc and flnished goods¥9,038¥9,782

S81,401

Work in proccss

7,159

7,720

64,242

Raw mtterials and supplics

5,276

4,484

37,314¥21,473¥21,986

S182つ 57

Inventories were revalued at he lower of cost or net realizable value、
vith devaluation losses, which werehcludcd in Cost of Sales,for the ycars ended March 31,2014 and 2015 in he amounts of¥69■ ■1lion and¥78
million(USS649 thousand),respect市

ely.

7.Investment Securities
ation regardhg marketable otter securities at March 31,2014 and 2015 was as follows:(a)InfOliニ ュ
2014
触い飾

oost

val曖

201S

201ヽ

耐 alttd
働 Mち 【」即00SS)rν lr,ο

蜘 節 αlCtt Um
oost 姻隕 加 で→

Ac■ヽ
じ
飩

(/nC勲 唱 Uttalttd

oost

』咀

osSl
帥 ぐ

ク
daη ′
もげこ
ガ&′ο 耳
)
rT力 ο

?リ
′
,sQ′ ノrr̀:′Securitics whose carying value exceeds
their acquisition costi

Stocks¥2,033¥3,400¥1,367¥1,S17¥2,573¥1,056

S12,624

S21,412

S8,788

Sccuritics whosc acquisition cost cxcccdS
ying valuc:thcir c劇 臣

stOcks

683

554

(129)

220

172

(48)

1,831

1,431

Total

¥2,716¥3,954¥1,238¥1,737¥2,745¥1,008314,455

S22,843(400)

S8,388

eSales ofother secllritics
Infol11lation regarding other secllritics、 vhich havc been sold out by March 31,2015 was as fonows
2015
Amount ofthc s』皓

2̀1電↓ ′ sο/ノ ?″ノr′

Stocks8。

rT力

rl′ lο

単1,845

ο

耳ο
ダSど ο
ど
r,「 s,
′こ

,ユ

"s,′

S15→ 53¥897

ヽhc(/艇 ofhc蝕

AmoRntOf dlcsalc

homcofllcsalc

87,464

Short‐ ter■ l and Long‐ term Debts

Short‐ telHl debt composes shon‐ terin bOrowings and curent portion oflong―temn borowings,inance lcase

obhgations.The weighted avcrage intercst rates for short‐ teIIニ ェborowings and curcnt portion ofiong‐ te■ ■borowings at March 31,2015 were l.5460/Oand l.8970/0,respectively.
and lon2‐ teHn borowings at March 311 2014 and 2015 consisted ofthe
shOn‐ tellll
2014

following:

2015

2015

クS'И ♂
ζ宅′(T力 ο,s Qrノ 9η)r″ ,ο ′
,ど/Sゴοr筋 ′d)こShort‐ term borrowings¥15,700¥12,085

S100,566

20,774

18,585

154,656¥36,474¥30,670

S255,222

Unsccurcd¥12,046¥14,823

S123→ 50

Sccurcd

11,964

11,65797,004¥24,010¥26,480

S220お 54

2015

2015

Unsccurcd
Sccurcd

Long‐ term borrowings

Lon2‐tcnn debt at March 31 .2014 and 2015 consistcd ofthe2014

dと r,,どsο/υttο ″

rr,。 〃sげ )セ リ
″′

[デ

r。 ″
,/s)
s ι

Loans principa‖ y fro■l banks and insurance companics ducseri』 ly to 2022 and prcdominandy coWatcralized,with a wclghtcd average lntcrcst of 1 80/O

¥26■ 80

S220,354

1,813

lS,087

Finance leasc obligations duc 2023
Lcss:pOrtion duc within one ycar

(9,707)(80,777)¥18,586

S154,664

二
l debt subsequent toヽ 〔arch 31,2015 werc as foHowsi
The aggregate annual rnaturtties oflong― te二 二Year endinB March 31,

riイ′〃lο tts ο/ノ ?″ノrT力 ο″

sと,η

′
5げ

ァュι
r。 〃
α′
テ
【
)

2016

¥8,08S

S67,280

2017

5→ 49

44,512

2018

3づ 59

29,6162019 and thcrcaller

l,5,3

13,256¥18,586

S154,664Atヽ larch 31,2014 and 2015,the fomowing assets were pledged as conatcral fbr cenain ofthe above debts:
2015

2014

2015
″
Mη お げ
(勁 ο

η
′
μ′
ο
ηs prノ θ)ryν

/sと rorr̀JrsノこInvcstment securitics¥2,047¥1,775

S14,771

5,123

6,030

50,179141

1,870

15,S62

17,88318,153151,060¥27,828

S231,572

PropeHy,Piant and equipmcnt,at net book value
BuJdings and structtres

Machincry,cquipmcnt and tools

Land

Ohcr

3

¥25,197

9.Leases
′∫′
θ♂
♂99
Thc following pro foHna amounts represent the acquisition costs,accumulatcd depreciation and net book value ofership and started on or before M[rchflnance leascs,the agreements of which do not include the ttansfer of oⅧ

31,2008,as of March 31,2014 and 2015,which would have been feaccted in the consolidated balance sheets if
the leascs had been accounted for in the samc manner as ordinary purchase ttansactions offlxcd assets:
2015

2015

2014

Sと ,̀:,0/υttο ″
ナS′ο ″
6ノこd91/?つザ″

Accumulated deprcciation

¥643
534

Nct book value¥109

Acquisition costs「ο′ハ,f И ss,破 d,θ ?〃 ,s,ど
て

I′

７期
６
馴４
一一

rttlど ,ο,ο,,,,Sr力 θフ′ο
″ sr r力 θ′と
ク】♂ ど
力?θ ι
】
,′ ,z9,,″ θ″ θOsrs r,lθ ′r'ο ′r,ο ″ 可 禅
r'Jど と'οPr̀】 ヵr̀J,,と ゴθ?ク ″ 確 ″′αり 賄 て J′ ノ♂ρ卜 て
'と

vク セ

rl̀】

S4,10
3,886

S424

,α s9フο′
α′P′ οr'″ ,′″J,,'胸 脇 ザてヮ 確 力rd′ ο ど,どl
お 1,″ ″,とJ舵 ′Jと 】',,どFuture minilnum lease payments subsequent to March 31,2014 and 2015,for flnance leases,the agreements ofwhich do not inctude the ttansfcr of ownership and started on or before March 31,2008, are summanzed as
fo1lows:
2015

2015

2014

Sο/
″
d̀I刀 ′(勁 ο
ysど 。′′とd)ν′
丁Otts OFノ ?砂

r′

l′

,′

¥58

VVithin onc ycar

Over one ycar
Total
デ
Vο ど
￠
f И
ssИ

〃rd/0つ 物と,,'Cθ ル鱈ユf″′″r?̀,s?Pと 】)加 ￠イカ r″ κ ″ ′
,′

"￠

l″

51

S366
58

¥109

S424

:,メ
♂
′
?∫ rrル κO刀 ,と :dr力 ?Prο r'οθ′ ,ィ ル 【αル ?J′ ″′trと r【,,,l'η l,"""修 お9ρ と
,ノ″
て
力 ′
'''VS 10

0′,0′

,,′

"丁

̀″

lで

̀″

?″ α
r
′
卜?′ r's′ ′′,"rガ ど
,′ο
と
こ
Иとと
こ
′了9印ガ
′
197,1,′ ガSご α
ど
ο メ
ノ?と こ
メ
P?̀Ⅲ、フザ
'″
rと ,′

:て

:ι

Lcase payments under such leases for he years ended March 31, 2014 and 2015, were¥75■lillion and¥59

million(USS491血 ousand),reSpectively.These lease payments were cqual to the depreciation of leascd assets
computcd by the straight― hne inethod over thc respective leasc tellils with a zcro residential valuc.

In addnion, he atture .linimum payment for operating leases subsequent to ヽ/1arch 31, 2014 and 2015 aresummarized as follows:
2015

2014
sげ
rν l〃 わ打

63

Total

10。

¥160

５

¥97

Over one year

/リ￥

Within one ycar

2015
ο
(勁 ο
/
"S,,1ぬ
ナd′ο
〃,′bノ
こ

¥681

S741
4,926
S5,667Retirement Beneats for Employees

Parcnt company and domestic consolidated subsidiaries are as derincd beneflt plans providing pension fund,derlned benefit corporate pension plans and lump‐ sunl retirement beneflt plans and deflned contribution pension
plans,is the parent company and certa■ l consolidated subsidiaries set thc employee retirement benefittrust.

Pension beneflt companies and retirement lump sunl wtth ceHain subsidiaries are calculated defined bencflt
liabilhics and retirement beneit costs by the sirnphfled lnethod.

Also,in cciain overseas consondated subsidiaries have deflned beneflt plans.Silnilar to defincd conttibution plancannot reasonably calculatc the amount of pension assets, coresponding to heir conttibution regarding theemployer pension fund.
accolnting tteatmcH,some consolidated subsidiaricsjoined a multi‐(a)Derlned benent pl:lns(eXCluding plans applying the si】mplined l.ethod)(1)MOVCments in retrement beneflt obligations

2014

〃
〃
ゎ″
sげ χ
′

(T力

￥

６ 嘲４
０３
７３
４瑚
８
７
︐ ４︲９

rir′

Bcginning balancc

2015

2015

¥ll,303

AttustmCnt ainounts in rdation to thc accountinB

pohcy changcs
Scrvice cost435

lntcrcst cost

H3

Actuarial gains and iosscs

598

Benerits p西 dEnding balance

ο
″ 〕
ぬ 0/
d̀J′

/Sど ο ″∫こ′rr̀〕

S98,077(1,564)

3,720
1,082

7,772
(4,93S)(663)¥11,786¥12づ 16

S104,152(2)Movements h plan assets
201S

2015

2014

〃
ゎИ
d ο
カ
/ノ￠
ノ
rν ′

も げ
″
Sと ,力 ど(勁 ο
/sと r。 ′′,/s,〔

Bcginning balancc¥13,12

S109,944

1→ 7,

11,475

(661)

(593)

(4,935)¥13,212¥14,791

S123,084¥11,774

412

Expected retum on plan assets

2,755

637

Conttibutions paid by the employer
Bcnettts pよ dEnding balance

3,845

1,050

Actuarial gains and losses(3)Reconciliation,om retiremcnt benent obligations and plan assets to net dermcd beneit liabilitics(aSSets)in
the consolidated balance sheets
2015
201S
2014
ο
〃
ユ
,,ど S O/
ど
′
′
,ょ
(7カ
げ
/砂
rν
dと

lο

/&どο
′
′/6)
こ
̀】

Fundcd rctircment bencit obligations¥ll,786¥12,S16

S104,152

Plan asscts(13,212)(14,791)(123,084)

Total nct defined bcnc衝 亡liabilijcs(assetS)¥(1,426)¥(2,275)

S(18,932)¥(1,426)¥(2,275)

S(18,32)¥(1,426)¥(2,75)

S(18,932)

Net dcttncd bcncttt habJities
Total nct dcincd bcnettt habilitics(assCtS)(4)Retirement bcncit costs
2014

2015

201S

″ ,ぬ 0/(T力 ο

rrbИ sげ xヮ
rν′

dと ,′

[ナ d

¥435

Inttrcst cost

113

Expcctcd rctum on plan assets

０り４．
３
︲
６

ScⅣ icc cos亡

¥447

(412)

723

Amortization ofacttarial gains and iosscs
Amortization ofprior seⅣ ice costrrο rr̀〕 rs,

S3,7201,32(3,845)
5→ 34

1

¥756

¥860

Total rctifcmcnt bcneit costs

S6,291Remeasllrements of deflned beneflt
2014

2015

201S

S げ

″
d伽 ′
(T力 ο

ο
,,s21/″ )rrl′ ″[ナ

Actuarial gttns and losscs
Total

&′ο′
ザ
αr6ッ

¥‐

¥1,086

S9,037¥‐¥1,086

S9,037

Accumulated remcasurements ofdeined beneflt plans(before tax)
2014

̀6Ⅲ

2015

2015
もο
S,″ セ
了
/
υttο ″
どとJS′ο′sο/ノ 9刀)
ど
r,ο ヵ
rν ′

,rdノ

Unrccognizcd actuarial gttns and iosscs
Total¥3,402¥2お 16¥3,402¥2,316

319,73
S19,73

(7)Plan aSSets
1)PIan assets at March 31, 2014 and 2015 comprise the followin宜
2014

:

2015

Life insurancc company gencral accounts

2370/023.40/O

Domcstic bonds

156%
364%

34.50/0

Foreign bonds

42%

6,10/O

Forcign equity sccuritics

129%

9,60/。

Othcr asscts

72%

15。 30/0

Domcsdc cquity sccu封 tics

ll.10/。

100%

Total
,′
,ss￠!d.′ 力?ρて
ザ
Vο ど
?∫ ′
′
,肋 ?,bο ソ9P′a″ と

̀'9刀

ど
,ど子
?げ ど力?セ ′'形 "?′ ̀!う100°/。

,力て門 9″ ′?′ ル筋′?刀 ヴ !′ 脇 S!/ο ′肋9)′ ?セ 】

,s2'り %と ェ′
,どV,,1ど ,θ メぅνと,ク θ′,ib%′ ?dρ ?じ″ツ?lノ=′2)Long‐ ter:n cxpected rate ofretum
Curent and target asset aHocations,historical and expccted retums on vaious categories ofplan assets have been
considered in detcrlnining the long― tcm expected rate ofreturn.
(8)Actuarial assumpttons
The principal actuarial assumptions at March 3 1,2014 and 2015 are as follows
2014
Discount rate
Long‐ ten■ expcctcd ratc ofretum

Assumed saltt incrcasc rate

201S

10%
35%
24〜 33%

0.SO/O
3.50/02.6卜 3%(b)Derlned benent plans app】 ying the si】 ■plirled methOd(1)Movements h defined beneflt liabilities

血e silnpliflcd incthod
2015

2015

2014
′ο
″
sげ /И)

ο
ア

″
♂
と
,″ ね
(7カ ο

ry′ J′

[ア

′∫
dゴο
′
)
̀,′

¥624

Bcginning balancc¥478

S3,978

140

198

1お 48

Bcncits paid

(180)

(161)

(1→ 40)Conttbulons pttd by the cm∬ oyCr

Rctircmcnt benettt costs

(139)

(121)

(1,007)

Foreign currcncy ttanslation attustmcnts

3

2

16

lncrease duc to ncwly consolidated subsidiarics

30

¥396

S3,295¥478

Ending balancc(2)Reconciliation tom reれ 俺ment beneflt obligations and plan assets to net derlned bcncfit liabilities(assetS)
applying the simplifled mchod in the consolidated balance sheets
2014

2015

2015

′
″ο
〕
d氏Ⅲθ
rν′
リ

″
S,″
(勁 ο

げ
̀rも

オSとJο ′
ど
と
こ
′
sノ
こ
Fundcd retirement bencit obligations¥1,148¥1,183

S,,844(958)(1,080)(8,987)

Pian asscts

Unttndcd retirement bcncrit obligations
Total nct dettned beneSt liabilitics(asSets)

Nct dcancd benefit habilitics

288

293

2,438

¥478

¥396

S3,295¥564¥537

S4,468(141)(1,173)¥396

33,295

Nct dcfincd benefit asscts¥478

Total net de● ncd bcncit liabilities(assCtS)(3)Retirement bcneat cOst calculated by the simpliI1led method
2015

2015

2014
″
rr,ο ,s氏
】♂
′
rν′

rS
″Sと I″ と
(T力 ο
〔
ガd′ο
・

rrと ,′

Retircmcnt bcncit cost

¥140

¥198

QF

∫
)

Sl,648(c)Derlned cOntribution plans
The amount of conttibutions to the defined contribution plans ofthe Company and its consolidated subsidiaries at

March 31,2014 and 2015 were¥183 million and¥194(USSl,614 housand),reSpcctivcly.

11.Contingent Liabilities
At March 31,2014 and 2015,the Companies were contingently liable for the fonowing items
2015

2015

2014
rν

l′

″
Sと
(T力 ο

力″
sο/ノ ?И)
′

'′

'à0デ

/sと rorrと 、こノ,′

平1,963

Discounted and cndorsed ttadc notes rcccivable

婆1,825

S15,186¥1,830

S15,2842

7Guarantccs ofindebtcdness ofcmployees¥1,97012.Land Revaluationln accordance with he Law Conceming Revaluation of Land cnacted on March 31, 1998 and he Law whichrevises a pai of Law Concerning Revaluation of Land cnacted on Mを rCh 31,2001,land owned by he Company
used for business was revalued, and the u∬ ealized gain on he revaluation of land, net of defelred tax, wasrepOned as t̀Variance of land revaluation" within net assets, and the rclevant defelTed tax was included in
Defcred taxes related to land revaluation"at March 31,2002.
liabilities as
The fair value ofthe land at Mそ rch 31,2014 and 2015 was lowcr than tts carying amount by¥8,904■ 五Hion and¥8,950 million(USS74,478 housand),reSpectively.

13.Net Assets
The Japancse Corporate Law(theLaギ ')prOVidcs hat amounts tom capital surplus and retained eamings may

be distributcd to the shareholders at any tine by resolution of the shareholdcrs or by he Board of Directors if
ccrtain provisions are met suttccttO he e鷲 ent of applicable sources ofsuch disttbutions.

Thc Law tthcr provides hat amounts equal to 100/O of such disttibutions be transfelred to the capital rescⅣ e
included in capital surplus or thc legal rescⅣ e included in rctahed eaHlings based on the applicable sources ofsuch disttibutions untilthc sum ofthe capital rescⅣ e and the legal reseⅣ c equals 250/O ofcolHmon stock.
InfOl皿 二
atiOn regarding changes in net assets for the years ended March 31,2014 and 2015 was as fonowsiμプ″θ
とrsク 1/srOθ た∫ねsク 9′ αr,)Mα /【テMarch 31̲2014

For the vcar

Number ofsharcs

Typcs ofsharcs

at April l,2013

Number ofsharesDccrcase

Increase

at March 31,2014

SO/S力 ρttS

T力 て
,″∫
̀J,,′

Share lssucd:

Common stock

308,269

‐

‐

■

‐

Trcasury stock:

Common stock
,α sて
んり′
,fr,,θ ″
て
て

'9′

107

てと
:S￠ sげ′′r力 οクs,′ :′ d力 αセs,,,r′ θαdク リ S′ Oθた山′′θrο フ″′′″預,▲,ss′ ねク″s筋 ″τ
力′d力 αttS′ て'力

For the year ended March 31.2015
Numbcr ofsharcs
Types of sharcs

at April l,2014

Number ofsharcs

Dccrcase

Incrcase

at March 31,2015

,S
″
て
勁ο
フ
sと:″ ′sοノd力 ♂

Sharc lssuedi

Common stock‐

308,69‐308,69Trcasury stock:

l18

′S力
′
Vο セfr,,c″ ,sと,ο ア∂r力 0″ Sと ′ヵテ
どrι :r′ ク″?ど οr,″ rて ,力切S♂ sο′s力 ♂″∫之Ss r力 ,″ sr♂ ″ι:′'′ ̀,s,″

rbジ

,α sク
′
οθ々ね
″て
リ∫

8

‐

Common stock

̀ゴ

Dル デ
虎ηぬ

Therc were no dividends paid forthe years cnded March 31,2014 and 2015

14.Selling,General and Administrative Expenses
The breakdown of
was as follows:

Sellhg,(]eneral and Ad■ linisttative Expenscs"fbrthe years ended March 31,2014 and 2015

2014

2015

201S

/

パρИぬ ο
(T力 ο

′
打ο
И
s ο
/ノ ?力)rν ′ナSと rο
こ

rrと

,rs,

Sll,67¥1,330¥1お 54

701

603

5,018

Salarics and othcr allowanccs for employccs

6,317

6づ 81

54,764Rctirement bcncSts cxpcnses for cmployees

733

722

6,008

Rctircmcnt beneits cxpcnscs for dircctors and statutory aud■ ors

28

26

216

Allowancc for doubtiЛ l accounts

(61)

(144)

(1,198)

Deprcciation and alnortization cost

919

96S

8,030

7,042

6,818

56,737¥17,009¥16,925

Shipping chargcs
Othcr sclling expenscs

Oher

S140,842

Research and development expensed included iǹ=Selling,gencral and adHinis,ative expenses"and manufacture

costs for he ycar ended March 31,2014 and 2015 amounted to¥858■ lillion and¥240 Hlillion,¥993■ ■1lion(USS8,263 thousand)and¥245 milhon(USS2,039 housand),rCSpect市

ely.

15.Impairment of Fixed Assets
For assessment of impaiHnent of flxed assets,the Companies 8fOup idle asscts and assets for lease based on an

hdividual asset,and other assets based on the categories used近 l the company's managcrial accounting,where
gain or loss periodically lnonitored.

Forthe year ended March 31,2014 and 20159 as for facilities rclated to lease assets located in Hokkaido,thermarket valuc has rcmarkably fallen against their carrying amount and the book value ofthe assets was reduced torecoverable amount.The amounts wTitten down forthe ycar ended March 31,2014 and 2015 were both¥8 1nillion(USS67血 ousand).
The rccoverable amounts are thcir net senhg prices based on estirnated senhg prices and he pubhshcd land
price as for leased asscts.

The amount、 vrihen down was recorded as loss on i=npaittnent of flxed assets. The breakdo、 vn of loss on
impaittHlent of flxed assets was as follows:

2015

2015

2014

sの ?″,

〃′
ο
ヵ
rν ′

pろ 。

"d,″

Land

ぬο
/

¥8

¥8

dどο′ ∫
)
S67

¥8

¥8

367

[ア

rと,′

16.Income Taxes
Signiicant components ofdefered taxcs at March 31,2014 and 2015 werc as fb1lows:
2014

2015
〃lο ヵ /ノ ?〕)
rν ′
̀ο

2015
″
S,″ ′
Sο/
(勁 ο
ザ
r,′も
〔
アSどο
,

Dcfered tax asscts:

forWards
Loss ca叫 ‐¥8,883¥6,379

S53,083

Unrealized Bain on real cstatcs

623

5,167

Accrued bonuscs

539

4,036

Depreciation

1,243

7,8S6

Actua百 al gai1l or ioss

1,211

Oher

2,341

1,664

13,847

Subtotal dcfcrrcd tax asscts

14,84010,09383,989(13,453)(8,954)(74,511)

1,387

1,139

9,478

Valuation aliowancc
Total deferrcd tax assets
Dcfcrcd tax liabintics:

Nct dcincd bencit asset(538)

Unrealizcd holding Bains on secuities(419)(2,646)

Proit and ioss adJustmcnt ofhe connection corporttion
inttcⅣ al busincss

(173)

(157)

(1,07)

Ohcr

(516)

(269)

(2,238)

Total dcfcred tax liabllics(1,646)(790)(6,574)

Nct defercd tax asscts diab]■ ics):¥(259)¥349

S2,904

1,68

10,552(1,398)(1,268)(10づ 52)(4,876)(4,424)(36,815)

1,398

Deferrcd tax ttsctS related to land revaluttion:

Valuation aliowancc
Total dcfcrcd tax asscts rctated to land revaluation
Deferred tax liabilidcs related to land rcvaluationi

Tottt defered tax assctts OlamhiCS)related t0 1鰤 d reV』 uaSon
Net dcfcttcd ttax liabilitics rclatcd to land revaluation:(4,876)(36,815)¥(4,876)

S(36,815)

The differences betwcen the stamtory tax fate and the effectivc tax rate were summanzed as follows:
2014

2015
/o)

陶
Lcgal cffcctive tax ratc

Thc itcms which are ncvcr counted in loss ofrnoncy such as donations
Thc alnOuntt ofincreasc and decrcasc ofthe amount ofevaluation― relattd moHgagc

(°

374

35,6

542

45,0

△799

△271.4237B

Ovcrduc ttax ioss caHy‐ for、 vardll.4

lnvcstmcntloss by thc cquity mcthod

280
275

Rcduction corection ofdefered tax assets by thc tax ratc change

147

△1.2

Amortization ofthc Goodwll

迎 4

0.0

Othcr

迎 25

9.1

Rcsidcncc tそxx per capita rate

８

３．
７

570

一

Effcctive tax ratc

8.2

Corection ofthe amount ofrnoncy ofthe defe:red tax assets by the change of thc tax rates such as corporation
Act for Partial Revision ofthe lncome Tax Act etc."
taxes and the puttin8 0fftax debt on March 31,2015,the(Act.No.9 of2015)and Act for Paiial Re宙 sion ofthe Local Tax Act etc."(Act.No.2 of2015)werc Ofrlcially
issued and, accordingly, he corporate tax applicable to the Company and its domestic subsidiarics will be
decrcased effective from April l,2015.Co∬ csponding to this change,the statutory tax rate applied in calculating
defelred income taxes was reduced=o■ 135.60/Oto 33.10/O for he year beginning Ap五 11,2015 and 32.30/O for theyear beghning April l,2016.
ousand),and
By the change of his tax rate,he amount of defcrred tax habmties decreased¥43 milHon(USS358血

he amount of such as corporation taxes attuStmc前 decreased¥H million(USS92 thousand).The amolnt ofvariancc of invcstment securities rcvaluations increascd¥32 million(USS266 thousand),Meanwhile,he amolnt ofdefercd tax liabilhies related to revaluation decreased¥452 million(USS3,761 thousand),and he amount ofvariance ofland revaluation increased¥452 minion(us$3,761 thousand).

17.Financial lnstruments(a)P01iCy for inancial insttuments

According to the ttnd management pohcy of he Company,temporary suttlus ttnds will be invested into hehighly secured financial asscts,and necessary ttnds for inance investlnent are prilnarily borowed tttough bankloans.Derivative ttansactions are onty used for hedging五 sk of the signiicant auctuations in intcrest rates andforeign curency exchange ratcs,not for speculative purposc.

(b)Financial instrumcnts and accompanyhg risks
Trade notes and accounts reccivable are exposed to customer credtt risk.Trade receivables in forcign curencics
and foreign― curency loans among the Companies are exposed to exchange rate fluctuation risk,which is hedgcd

血rough foreign cll∬ ency forward exchange contracts.Invest■ lent securities are composed primarily of equity
securities ofcustomcrs and exposed to the market value auctuation fisk.
Trade notcs and accounts payable nollllally have payment teコ ms ofless than one year.Alhough pai ofthe above
trade payables and foreign― curency borowings are exposed to he risk of cxchange rate nuctuation,they are
constantly conttolled within he amount of foreign― currcncy ttadc receivablcs. Long― terin debts, which havematurity dates witth seven ycars,are pttmarily utilized to secure inancing for cquipment.Borowings which arc
based on variable intcrest rates are exposcd to mterest ratc auctuatiOn isk.However,they are hedged throughderivative ttansactions,i.e.intercst rate swap agreements.It is possiblc hat iong―tcJm debts under syndicated ioan

conttacts which are dccided by thc flnancial regulatory conditions will lose tem beneflt if any contradictions

occured.
Derivative transactions consist rnainly of fbreign curency forward cxchange conttacts which are uscd for hedging

the risk of exchange rate ttuctuations in ttade receivables and payablcs denomhated ul foreign curency, andinterest rate swap con,acts which arc used for hedging the risk of interest rate auctuations in borowings.As

hedging poncy, appropriatc hedge insttuments shall bc selectcd per risk category. Evaluation of hedgc
effect市 cness is perforincd hЮ ugh comparing market value of hedge itcms or hc amounts of cash aows wi血market valuc ofhedge insttumcnts or the amounts ofcash aows.

(c)Risks management system associated wih an[ncial instrumentsl)Credit五 Sk management(Risk ofdettult on payment by counterparts,etc.)
The Companies manage payment tettm and payment balance per ttade transaction in order to con,ol andmitigatc credit risks due to flnancial shuation difflculties in accordancc with tte Companics' cred比

management pohcy.
Whcn dealing wih the derivative ttansactions, the Companies only trade with highly rated financial
institutions to rninirnize the counterpa噂's credit risks,

2)Market risk management(Risk ofcxchange rate and interest rate ductuation,etc。

)

The Company utilizes foreign currency fon〃 ard exchangc contracts to hedge he risk of cxchangc ratenuctuatiOn.Depcndin3 0n the situation of foreign curency exchangc market,the Companies use forcign
fOAVard exchangc conttacts for ttade rcceivables in foreign currency.On the other hand9 interest rate s、 vap
agreements are utilized to hedge he interest ratc auctuation risk associated wih corporate bonds andborowings.
The Company periodicany reviews the fair values of flnancial insttuments,such as lnarketablc securitics

nation andand investment securities, and the financial position of he issuerS. Based on this info∬

relationship with the issuers,thc Company evaluatcs whether the securhics should be maintained or not.
Derivative transactions are pcrfolil̀ed and managed■ l accordance with the Companies'credit lnanagemcnt
policy.

3)Liquidity risk management on inancing activities(Risk ofhability to repay on due date)Thc Company,as parent company,Inanages ttnd ofthe group companics.The flnance depament preparesand updates financing plans periodically based on the group companies'necessaics and keeps a certain
amount ofcash in hand for he puttosc Ofliquidiり riSk management.
(d)Oher supplementary in the faif value offmancialinstruments

The fat values of flnancial insttunlents are based on thc markets prices or rcasonable estilnated faと values whcn
he fair valucs are not available.Thc estimated fair values will■ uctuate due to variety offactors and assumptions.
InfoHnation rcgarding non― marketable other sccurities, for which h is exttemcly difficult to detergine the faとvalue at March 31 2014 and 2015 is sho、 vn as follows:
2015

2015

2014

Ca田 呼ing amounts

6げ(勁 οS卵 が

,ο 〃
s ο
ヽ
イど
rノ 9刀)

rュ

:ど

アS′ο
′
れ
ク
rs)
こ
Othcr sccurlies
Stocks and investmcnts in unlistcd companies¥4,471¥4,615¥4,471¥4,615

S38,404

S38,404

The carying amounts and fair values ofthe anancial instruments on the consolidated balance sheet as of March
31,2014 and 2015 arc summarizcd as follows:

CaHyingarnounts

Fair

D置 首印αs¥7,785Catting

Valucs¥7,785Fair

D雌 1lccs

Valucs郷″rれ rど(1)CaSh and jme dcposits

2015

2015

2014

"ο
¥‐

リ

¥8,0'7Ca∬ ying

Fairarnounts

Valucs(T力¥8,097¥―

Dttmces

Sげ 廷
アd′ ο
′:/s)
ο
″
S,η ′
S‐
S67→ 80rと

S67β 80(2)TradC nOtes andAllowance for doubt働

accounts

378,847

45,526

48,618accountts receivablc
1

(425)

(108)

48,51048,501

3,954

accounts payable(9)378,422378→ 97

2,745

22,843

22,843(23→ 89)(23β 89)(194お 33)

(194,633)(30,670)(30,670)(255,22)(255,22)(26,480)(26づ 64)(220,354)(221,054)

45,47545,472

3,954

2,745

(24,026)(24,026)(5)Short― teHn bo∬ oⅥ ings

(36,474)(36,474)(6)Long‐ ten4 bO「 OWings(24,010)(24,135)(1,528)(1,528)(3)(25)(3)InvcStmcnt securitics
and othcr sccuritics(4)TradC nOtcs and

125

84

(7)Dcivativc transactions(1)HCdgc accounting
not applicablc(ii)HCdgc accounting
apphcablc

(1)

700

Ⅳο ,dfrてr′

Jttθ ′
θ
Js力 α
η
ガ′
,(ダと
r,ο S,rd

阿 修 θαり:″g αttOク ヵrと J′夕′οガJttα セ S力 >フ
′″
,て ,θ

,て

勁 ?力
″
メ

,どο ど
力て
,s力 ο″r"α ど″ガ ν ο
ク?′′て/ど ル Sθ J″ S′′″加 ?,lrS
̀J′

ッ
と
Jう た
,И ο
′βて,ο ″
η
鶯′
てデ
セ∫β″
の 7ア,メてツαうた たうαsて ,メ ο,lr力 θP′?てて?″ οセs,ヵ メαて,0′ 刀ね′

と
:′ク
￠げ r′

,て

,て

̀Jゴ

'rツ

'】

̀,vИ

,′
,″ ′
′
θ とsθ O"η r′α!θ ′ θ:′て】F'r'″ οr,′ ねセて

,ИすИ
rツ と
I′″
て

r′

=と

,♂ ο
:,P′ 力?θ ″
てゴ ′
Jdた
力?″ て
ッ91/rて ,′ 脇と

''ど

̀テ

,ど

,ι

'0''′

r dθ a″ セ∫
打奮,″ ′Or力 ￠9s′″′?〃 rw働 河rJ, ヵッ
,′

￠
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ヵ9ク ο
惚′刀,′ ′
,Sr,″ 9И r sて′
αsて,メ ο
て
〃′
で う
θ
♭ツ
α′
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r,ヮ
rィ
7カ

,て ,ク

,て

'̀'

'ア

rて

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助 ?力

ツと
:′ ″9ο
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デ r′セ
,と

″?可 禅
,d9′ ο〃 r力 ?p″ w″ r vα ′￠s,胸 ,ル メ うと

と
Jう ′
て

'ヮ

'お

r″ ″

′Jと :rてて :Sカ ノ7ο ψ s″ dr,1=ι Jr'フ ′οメタ
,ι

'

οο
′
′
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:,,′ てて′ ′Jsた ′,ο ,'′ ♂
で 9′ ンユθ,Iク カ ,力 ′
∫ι
′ ゴ
とゴ″
′
′
Jscο ″,,r″ α
′
て
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￠″′ι
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'″

'″

:′

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Jで

̀,と

,ι

J′

'0フ

'と

′
′
ο,7,"gs
卜 ,′ 胸うο″rj) S力 ο
rセ

阿修θ
αり

Jン

,g α
ttο ″
″′ヮ

'′ 'CO′,″ う
ο″ο
ルd"力 Sr″ ″″9,た 二ο,ag‐ 勉′′″ ″ガνげ ′力θs力 ο′
′
οメ加α′
θ
s力″フ
と″?̀′ク?rο ど

,ッ :′

,と,ど

J′

デ
″0′ :￠ ノで,gd ψF′ カ''′′ονttgs.
′ο,,grて ″:う ο′β′て て ′t'プ,′'″″οψttgsノ Lο ,,gど 9′ ヵ,う ο″

rび

,s′ ′
,dツカ′ カ α確 うο″ ο予フθプとJ′ て′,scο ″ηセ ′ J力 rて ,″て
′ッα′
″θ ο
勁 θデα丁ノ θοψ ο′,rて ,う ο,P′s,″ ′ rο ,,g′ θ′,″ うο″ οlν :,,g∫ α形 う,sて,′ οヵ r力 ￠ θク′″と ′ι
'刀

,ッ

yd β
″:う 0″ 0,′ 丁″
ヵプrο ,,g舵 ′0″ とd̲(」 0′′
夕
ο′
ι
:rて
力′
力θsとJ阿 θcο ηι′,rrο И
テ
′

7'ど

=s予

'う

̀テ

て
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力′
力θ脇と,1カ ゥ ′て″ ′ J,,ο ヵθノ￠Orフ 9江

:ど

'′

'ψ ̀力

'′ '1ツRedemption schedules for cash and trade receivables alter March 31,2014 and 2015 are summarized as fbllows:
Within l ycar

Ovcr 5 ycars

Within l

Ovcr l ycar

and within 5

and winin

ycar

and within 5vears

10 vcars
(T力

ο
′
′
と
:rdノ
ο
″
S,〃 ′
dοノ【
ナdと ′

￥

¥7,785and within 10
vearsοttsげ )セ ,,ノrν ,〃 ど2014
Cash and tine deposits

Ovcr 5 ycars

Ovcr l ycar¥―

Tradc notts and45,4793,139¥53.264¥3,139¥8,097¥‐￥accounts rcccivable

Total ofthc amounts

Cash and dme deposits

￥

2015

S67⇒ 80

S―

Trade notes and43,4602,066

Total oFthe amounts¥51づ 57¥2.066￥accounts reccivable

Redemption schedules for ttade payables,longiellュ

361,6S4

17,193

S429,034

S17,193

ニborowings ater March 31,2014 and 2015 arc summarized

as follows:
Within l year

Over l ycar

Over 5 ycars

Within lOver l year

Over 5 ycars

and within 5

and within 10

year

and within 5

and within 10

vcatts

vears

vcars

vcars

(勁 ο

rνJ〃 ,ο tt ο
/ノ 9η′

Trade notes and accounts¥24,026

¥‐

ガ
♂′
d,
dげ こ
ユ′ο
′
′
′

"Sと

︺
￥

2014

,,″

payable36,474Long‐ temn borrowings

7,975

16,031

Total ofthe arnounts¥68.475¥16.031¥23→ 89¥‐︺４ 郵

Short‐ teH■ bo∬ owings

2015
Trnde notes and accounts¥‐

S194,633

S‐

payable255,22

Short‐ term borrowings

30,670Long‐ term borrowings

9,46

17,17376,941

142,906

Total ofthe amounts¥63→ 05¥17,1738526,796

S142,906

S507

18.Derivatives
The following is a summary ofhe der市 at"e conttacts which do not meetthe criteria for hedgc accounting:Currency― related Transactions
201S

2015

2014
Contracted

Falr

Rccognlzcd

Conttactcd

Fa:r

Recognlzcd

Contractcd

Fair

Rccognlzed

ainountvalucgain(10SS)

arnountvaluegain(10SS)

arnountvaluegain(10SS)こИ
ぬο′[/S̀r。 ′ リ
仲ο
"Sと

∫げ/刀ツ
′
ザ
ヵη
rν ′

rと ,Д

Forward forcign

¥935

¥10

¥10

(Sel‐

QAR)

1,461

(7)

(7)

(Sd卜 KWD)

25

1

1

４ ②

USD)

¥217

Sl,806

38

38

2,671

(17)

(17)

S―

S‐

S‐

ぃ

(Sel卜

４ ④

exchangc contracts

Forward forcign¥516(Buy‐ USD)

¥(2)

■

exchanBc contracts

¥(2)

¥―

¥‐

″θ 】
′,',Sす ′″,́Oヵ s̲
sr,′ ο
フ′′て う
力で,T"ο ′
てゴ′
″α′
々
で
,rフ α
′
″￠
とι Fs bα s9′ οИ′
ブ
Vο ザ
θr′「ι
:ル ッ
ノ′ 】
Jと

J′ !θ

'′

'と

'Pと

Thc fonowing is a summary ofthe derivative conttacts which lneetthe crttcria for hedgc accounting
lnterest― related Transactions

C∽ 面
amountFar

Cont4cted

COnt4Cted

Fとvcr valueamountamountovervalue

C伽缶孤な期alnolnt(〉

2015

2015

2014

cOmmctedContractedF洒 ramountamountover

value

lyer

lン ′
鉗

l year′′丁0,sげ /″ツ
rν ′

rT力

ど
もο
ο
И
dα ヵ
/[ガ S ιrο rrと ,′s,htercst ratc swaps

Payttxcd ttd
Receive/■oating
Long―teHn dcbt

¥10,010¥6.675αr￠ 則 とブVο /θ f F,テ rフ ι,1￠ げ 力θFИ rθ tts′ ′JどJ′'S″ ̀JИ

¥‐¥13,005¥8,87S¥‐

S108,22

373,854S‐,う 鶯ο,,g‐ セr,″ ′て″θげ r力 ￠′ι ′r,,′力?デρ″ ツα′
wて ,r,ο Иね J,lθ ′̀施

19.Per Sharc lnformation
Netincome(10SS)and net assets per share for he years endcd March 31,2014 and 2015 were as followsI
2015

2014
r/?っ

Nctincomc(10SS)per sharc
Nct asscts pcr share2015′
r̀,/s)(〔 /Sどο

¥063

¥0,74

¥10800¥118.83

SO.006SO。

989

Net hcome per share is calculated based on hc net income(loss)and hC Weighted averagc number of shares
outstanding during each yearo Net assets per share are calculatcd based on the net assets excluding the mhority
intercsts and the numbcr of shares outstanding atthe year end.
Thc basis fbr calculation ofbasic nctincome per share was as follows:
2014

2015
,ο

Netincomc(10SS)¥195

Nctincome doSS)att● butable to sharcs ofcommon stock

¥195

rT力

Wdghtcd avcragc number ofsharcs for basic nchncome

¥229
¥229

″
ο

dセ :′

308,156

̀′

2015
SO/
(勁 ο ,力 ′"Sと/S′ OrJと ュ
/6)
こ

ど
′И
s ο
/ノ 9リ
rν ′

Sl,906
Sl,906

Sげ S力 ,″ ツ308,146

As WChanges in accounting principlesW,in accordance with transitional accounting as stゎ ulated in articlc 37 ofhe
net asscts per share increased by¥0.45.
Accounting Standard for Retrement Bcneits,as a resultク

20。 OtherCoΠ nprehensive lncome

Reclassification adiustments and tax benefltincludcd in othcr comprehensivc incomeを
2015
2014

rC ShOwn as fonows
2015
お,′ rd Q′(勁 ο[/Sと rr,/d,r″ ο″sο/ノ ?″ノ
rν ′

:と

'ο

Net unrealized holding gains(10SSCs)on othCr securitics¥62

lncrcasc(deCreasc)du封 ng the year
Rociassiication attustmCnts
Subtotal bcforc tax

単276

S2,2,7(499)(4,152)(223)(1,855)

101

840

(122)

(1,015)(26)

Tax effectNet unrealizcd holding gains(10SSCs)on odier securitics

Dcttπ ed gains llosSCS)On hedges
lncreasc(deCreasc)du● ng the year

(38)

Subtotal beforc tax

(38)
14

Tax erect
Net defered gains(10SSes)on hCdgcs(24)

Variance ofland rcvaluation

Tax erect

3,761

(137)

Foreign curency translation attustmCnts
3う 12

lncrease(dCCrcasc)du面 ng he ycar

Remeasurements of dcined benettt plans
3,703

lncrease(dCCrcasc)during hc ycar

5,34

Reciassiication adJusments
Subtotal bcforc tax

1,086

9,037

1,791

14,9045澪 67

Tax erect
Net remeasurcmcnts ofdeined bcncit plans
Sharc ofother comprchcnsivc incomc ofaf『lliattcs in equity mchod
775

433

3,603

¥1,441¥2,976

S24,765

lncrcasc(dCCrease)during thc year

Total other comprcheDSiVe income

21.Segment lnformation
Business Segments
Thc businesses ofhc Companies arc d市

ided bascd on he similariけ in prOducts and seⅣ icc cate80ries hto ive

classiflcations whose inancial infoHnation[re separately available for the managementto makc decisions
regarding lnanagement rcsources aHocation and evaluate cach business segmcnts fesult regularly.
The Companies pri14arily operate in the fomowing ttve rcportable business segmcnts:(1)Electtic Whoperations:
Bare conductors,bus,hsulated wires(2)Power Systcm operations:
Elec仕滝 po、ver cables,elec,ic power appliance,power cable consttuctions(3)Magnet Wrc operations:
Magnet wと esI(4)Communication System operations:
Optical iber cables,communication cablcs,communication cable consttuction,nctwork solution system(5)De宙 ce operations:
Precision devices,vibration controlling devices and wと e harnesses

The business segment

Others" which is not stated as reportable bushcss segment, includes the businesses ofselling superconducthg wires,lo8iStiCs and ohcr operations.

Reportable segment perfolillanCe is evaluated based on operating income or loss. The
仕孤lSfers between segments are madc at alli二士ltcrsegment sales and's lcngth prices.

The bushess segment infoHnation for the Companics for the ycar ended出 larch 31, 2014 is sunllnarized asfollows:

RcpoHable Busincss ScBmcnts

2014

Se卿 的

o

市噸

蜘

―

W碓

S―

Do飩

TbⅥ

Vrc

S、

前ぬ山

rAr,rr】

or口 s

Dc、 nceTぬ('い 01ぬ d

血

蜘

l

。
″
∫げ/″ノ

Nct salcs¥86,544

Outside customcrs¥23,597¥21,356

半21,75]¥27,900

拳¥183,289¥2,141¥183,289

21,206

196

635

962

220

10,28833,507(33,507)¥107,750¥28,096¥22,386¥22,318¥23,817¥12,429¥216,796¥(33,507)

Segmentincome(10SS)¥1,554¥(392)

¥(46)

¥567

¥1,153¥(331)¥2,505¥48

半2,553

Segmcnt asscts¥47,092¥32,879¥13,506¥19,673¥16,187¥10,720¥140,057¥315¥140,372

636

353

352

440

522

762

3,065

(H7)

2,948

2,822

901

456

789

lntcr scgmcnt
Total

Depreciation¥183,289

hvestrnents in equけmchod arihattcs
lncrcasc in ax asscts

3,831

3,831

319

4,515

4,461

(54)

′
VO′ (7Sfrク

ο″彦?′ g,力 ο,′ 力 Иォ ッs′ μθ
力′∫げ ¥78脇 ガカb務 阿,力 ′″″て″?rrO乱 ツ Jη θ′
デγ7J解 ゲノ θοηSね ,′ り ημ α′)segm♂ ガ ヵθο′
'〃
夕
【
′r0
力θθο″ οη αsdθ ん ″0ど α Oθ α′′′デο,,,脇 αJ″ ′0エ テ′j脇 ブ″】θ′ 力 刀ηヶ′∫r″ 9カ な αttο クカ惚′′θヵチα∫∫θ簿 力じノノ θοИ∫おr9′ げ ′rフジ膨 g″ ″j2″ο″ο″βη′″ηr【 テ,れ密′gα ゲブ
OИs Oデ 翌 979″τ
丁′髭9〃 rチ ′と ∫αθォ
〃デ
ο″,?力 躍 Jヵ αttO″ 0デ lη セ′―α ∫9g確9ヵ rO/¥′ ′ ′θ阿デ/ヨ つ,′
rて

r′

/′

,∂

''ノ

脇デ
′
″οη.T力 9 θο

加 ο力

r∫

θηr ttβ ,η ′ノ θOИ ∫ね セ ι′0/θ ,∫ λ

'gμ

'SSθ

'ヵ

̀胴

rο θαrθ ′ どο ,,Tノ ∫てηOr α′rどた
μ ?′?ρ ο∫】r7)ヵ θ′?α ∫θ カ カセ'′

ο ク″ θと】′滋 ′ g,力∫ θO″ ♂dPOカ プ∫ チ
α∫Sθ 簿 滋 И ウ 郷 す躍 9η ′

θ∫r"9η r d9θ ク′ヵセ ∫′'力r,,つ て,ど,rθ O'ガ 0″ 力 И ′プク∫脇 θ″府 εOr′ 【ァ∫メクο力′∫ サο クη々 α′滋耀′ gα 肋

'',ッ

.

g,η θ
,′ ο
′
αチ
ブ
ο″19
′
οηsο lt,α ′てο′θ∫サカθο脇9 Fο sツ θηρθ
ρO″ 】s rο じ
r5,segttθ ″The Company addhionally acquired shares ofconsolidated subsidiary of Showa Scicnce Co。 ,Ltd.which wasunder thc segment ofDevice Operations for the year endcd March 31,2014.As a result ofthis acquisition,gainon negative 800dWill of¥18 million was recognized.
The businessSettcnt的

cnded Match 31 2015 is summarized as follows

for heinfo二 11lation for he

2015

RcpOrtable Busincss Scgmcnts

E酌 脆

W噸
Vrc

Poucr

Vuc

S、

―

闘

Ottgs

∝

Total A中

帥

揃疏

…
箭蜘

sげ /力)rν ,〃 ,ο И
Net sales

Outside customcrs¥25,99¥85,070¥21,640¥22,708¥1,971¥25,006¥181,694¥‐¥181,694

21,583

96

686

978

183

10,40633,982(33,932)¥106,653¥25→ 9S

荘23お 94¥22,618¥25,189¥12お 77¥215,626¥(33,932)

Segmentincomc(10SS)¥1,107¥(914)

¥(48)

¥457

¥990

¥(343)¥1,249¥(12)¥1,237

Scgmcnt asscts¥48β 69¥30,607¥14,lS3¥18→ 05

挙16,163¥10,983¥138づ 80¥(SS7)¥138,023

716

480

359

536

667

851

3,609

(119)

3,490

629

1,183

lnter scgmcnt
Total

Dcprcciation¥181,694

hvestncntt h c■ uity

mcdlod atthates

2,895

lncrcasc in ix asscts

1,343

2015

Settent的EI戴 託 V■ c Poucr

醜 8n(充

軸

Vrc

齢蜘

ο
ク
sと :′SOノ:′

Net sales

Total
Seginent incomc(10SS)

S707,914

S210o27

S188,966

函 儘

雨 m(ア
・
rr力

lntcr scgment

5,066

S180,078

O血鰯

Total A筍ο′,rd′

S208,089

S16,401

Sl,Sll,975

S‐

Sl,511,975

179,604

7'9

5,709

8,138

1づ 23

86,594282β 67(282,67)

S887,518

3211お 26

S194,675

S188,16

3209,612

3102,995

Sl,794お 42

S(282β 67)

S9,212

S(7,606)

S(399)

S3,803

S8,238S(2,854)

S10→ 94

S(100)

S10,94S(4,635)

Sl,148,S65(990)

29,0423402■ OSS254,698

Sl17,775

S152,326

3134づ 01

S,1,95

S,958

3,994

2,987

4,460

5づ 50

7,083

30,032

melhod atthttcs

24,091

8,247

998

33,336lncrease in flx asscts

11,176

4,910

9,844

42,157

Dcprcciation

帥 鋼 閥

呻

rと

'S′

Sl,153,200

Scgmcnt assets

4,998

(68)

Rcportablc Busincss Scttmcnts

飩駐れ1

Outside customcrs

4型 06

4,006

Sl,511,'75

lnvcstncnts h cqulty

5,867

5,126

S,34

33お 36(566)

41,591Ⅳοセsf〃わμ ttS缶 ′θθr力 ο″∫αヵ妙,脇 ,肋 ′♂
9′ Й ン4′プ
クsr″ ,9ヵ rsげ ¥′ 2μ ヴ
″θF鉢 ∫′ιノ θοηSね)力 θ′,sθ g′ ″θ″′力θο′

r′

rク

rて

,′ げ

Иttα 力″′g,力 げ≠′〃力ヵ騨 SS′ 」θ力οク∫
,η 砂
∂μ丁
力οク∫
αηと
′
οttj7″ tブ ′力οηr正 アsじ 4び9」 ′ゴ
9′ 力 И′sy,″ θ
″rs,μ ο″ηr9′ ′θ4ra∫ ∫
9rsヵ てクと),И α力′ノθOη ∫ね″′0/′ 力♂θο脇脇οηプ″r2)Sθ g′″ヴOИ s qr
デοη qr力 佗卜∫て,gttθ ηr r′ βИ∫αじ′r),ダ 肋 ヵα′〃デοη wSも 9j,99θ ttο パ αηと♂ssθ 簿 ″0′ α′′οθα″力 οβ,,ノ ∫て 9И rげ 判 ′,7び 9脇 丁,′

'gμj3″ ,デ ′カοク∫αηと力οηr〔ノS,′ 名9′ びチ
彦θ′gα デηοFο tt rys,82′ θ9r力 ο
クsと J″ 砂 ,η ′ 7η rて ,α ′親 ∂び7″ J′ ′り Tみ θθο脇″,ο η α∫d?ね/gヮ ,′O″ dねηοr α′
′
οθ
α′
て′′
οαη
ノθ
ノS9gm?″ r″ liη ′
:と

,と

rて ,と

′ ∫
ザカソ
a可 ″
,9η ど
♂
?θ ク
ゴ全
,s力 ,rittθ と′θゲrs,〃 と
′じ
Pο ∫
Frttθ

i″ ∫
ο
′
′
θ
ttPO力 と
′
∫ど
οク
η′
9α ′
彦θ
ダgα 力
,P′ θ
oα rゴ οηヵИ′r″ Tθ ηrs θυr,,つ て.

И∫′ο ″η′9α ′″ ″ gと を√
r7,五 ηθ′9α ∫?カ カ θ′ αSSθ 簿 力 И ηヶ″∫伽 θηrS CO′ rt,sュ クο力と′
ο
ttθ
,ο η
パο
力】α
rて,′ οθ
α′
力g,″ じθο″9 Fο ∫
ο
r躍 ∫
′
∫rο θ
ο
ツθ
ρ′
rjジ s9g附 9ガ カュ.

Geographical Segments
Ceographical segment sales for thc years ended March 31,2014 and 2015 are summarized as follows:
Japan

Asia

¥159,051¥23,877¥361¥183,289

Asia

Othcr

Total

Ycarcndcd March 31.2014

留
Sales

Year endedヽ larch 31,2015

Japan

l′

Other

Total

ο
プレ?刀ノ

rlο ,lsJ′ lο ヵ
d宅 ′
И
ノ♂
)
r豚 ′

Salcs

¥157,390¥23,960¥344¥181,694

Japan

Asia

Otthcr

Total

Ycar ended ⅣIarch 31,2015

ァ]とrο ′′と∫力ο″s,,と rsげ 〔
ノ
,′

r「

Salcs
Ⅳο

S199→ 84

09,728Sl→

1ldrο ′ t,'[FO=′!,と ェJ̀】 κ,と こ厖 d̀?と 子 :19′ うセIs?′ ο
″ど力θ￠刀rr′ ￠,,と

̀?,CO″

"?′

"9′

'7カ

ο
′
て′′
'̀】

S2,863

Sl,511,975

ο
,,∫

̀,,̀′

or Customer lnformation

2014
MttOr CustOmcr

Segments,ο ″sο/ノ ♂
カ′′
Salesriイ ′ノ

SENSHU ELECTRIC CO,LTD¥23,812

Elcctric Wirc and Communication Systcm

2015
Maior custOmer

Salesrν

SENSHU ELECTRIC CO.,ETD,ど rttοSegments,sげ/刀ノ¥23,766

Electric Wttrc and Communication System

2015
Mjor customer

ScЯ mentss,ヵ とr6。/こ ァο″ユ′
SalcsrT力 ο

rrと ,′ ,)SENSHU ELECTRIC CO,ETD

Elcctヽ c Ⅲlrc and Communication System

S197,770

Segment info111latiOn on impain■ ent iosses on flxed assets for the years ended March 3 1,2014 and 2015 aresummarizcd as follows:
Rcportable Busincss SeBments

Ycar cndcd March
3

2014

Elcctric

Powcr

MagnetWire

SwsttmWirc

Communication

DcvlccOhers

Ehminttions

Total

Systcm,〃 rο ,,s qF)η

rν

″
′
¥8

Impaiment iosscs Of¥8衝xed assets

Reponable Busincss Segments

Year cndcd March

EIcctric

Powcr

Magnet31,2015

Wire

SystemWirc

Communlcation

DcviccOthersEliminations

Total

Systcm,,sげ )セ 〃
〃デ
ο
r〃 ′
′

Impaimcnt iosses ofixcd asscts¥8¥8

Re,ortiblc Busincss Scgments

Ycar ended March

Elccttic

Power

MagnetCommunication

31,2015

Wirc

SystcmWirc

System

DcvlceOtthcrs

Eliminations

Total

ど
と
Jrs,
″
♂
α
ヵム QFこ /S ι′
rT力 ο
r。

S67

867

Impaiπ ncnt losscs ofixcd asscts
ザVο r?fメJ′"メ 'と,SS?̀∫ ′ 0肋 ?′ s?=′〃,9′ ,l rOSS?sげ卜 eど と,〕Sκ ′と:セ ゴ rο 肋 ￠丁ゴr?ゴ ,sd￠ ぉ ν力′訪 ,′ で,ο
￠″′′

力?cο
″θど ″ ′
'ν

,,1ノ

g9ど ′
,=?"(テ ′伽 gと ュ
′,と r"滋 ls̀r,″ ッ￠″,̀,И と

"pて

Jと

'V

う″∫
′
′郎
̀θ

22.A parent company orimpoHant amliates
A summary ofthe flnancial info111lation ofilnportant afflHated company

ln last flscal year,important afflliates arc Hua Ho Engincering Co.,Ltd。 ,Showa― TBEA(Shan Dong)Cable
Accessories Co.,Ltd and FuTong‐ Showa Electric Wire&Cable(HangZhou)Co.,Ltd and hc adding up absttact
inancial affairs infon4atiOn is as follows.
2014
′
′
ザ
ο
′
,sげ /″)rν′
Total current asscts¥6,144

Total flxed asscts

2,932

Total curent liabilitics

3,70
3

Tota1 long‐te■ ■ liabilitics
Total net assets

S,803

Nct salcs

15,170lncomc(losS)befOre incomc taxcs and minoity intcrcsts(457)

Nctincomc(10SS)(473)

In he ascal ycar ended March 31,2015,FuTong‐ Showa Elec面 cWと e&Cable(HangZhou)CO.,Ltd is heimportant aFlliatc and the addれ 唱 up abstact inancial affairs hfo二二二lation is as follows.

2015
rν

Total current asscts

̀″

′
ο
′
:sげ /"′¥14→ 412015!̀dと ,,1と r∫ げ
F力 ο[/S′ ο
″ηrd)

Sl19,39

Total flxed assets

2,149

17,883

Total curent liabilitics

12,457

103,661

Total nct assets

4,033

33,S61

Nct salcs

31,122

258,33lncomc ooss)bCfOre incomc taxes and mino苗 ty intcrcstts(386)(3,12)

Nctincomc(10SS)(386)(3,212)