Non-Consolidated Balance Sheetthousands of yen
March 312021
2022

March 31, 2022 and 2021

ASSETS
Current assets
Cash and bank deposits
Notes receivable
Accounts receivable (Note 3)
Allowance for doubtful accounts
Merchandise
Advanced payments
Short-term loans receivable (Note 3)
Other current assets
Total current assets
Noncurrent assets
Investment securities
Investments in affiliated companies
Guarantee deposits
Lease deposits for office rentLong-term loans receivable
Furniture and fixtures (Note 2)
Insurance fund
Other noncurrent assets
Allowance for doubtful accounts
Total noncurrent assets
Total assets￥625,361￥616,082

thousands of U.S.
dollars (Note 1)
2022
$

5,049

420,238

572,896

4,695

2,360,841

1,779,588

14,586-35,000-35,000-287

1,065,890

1,289,280

10,567

68,84647,967393

7,000

68,350560

128,128

136,928

1,122

4,641,307

4,476,093

36,689658,583

754,674

6,185

232,449

232,449

1,905

143,526

150,063

1,230

98,877

125,516

1,028

830

20,830170

67,06755,820457

47,03250,539414

15,08715,087123-15,000-15,000-123

1,248,454

1,389,982

11,393￥5,889,762￥

5,866,075$

48,082￥424,865￥

349,082$

2,861

LIABILITIES and SHAREHOLDERS' EQUITYCurrent liabilities
Notes payable
Accounts payable (Note 3)
Accrued expenses
Short-term loans payable
Current portion of long-term loans payable
Advances received
Income taxes payable
Provision for employees’ bonuses
Other current liabilities
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Guarantee deposits received
Provision for retirement benefitsOther noncurrent liabilities
Noncurrent liabilities
Total liabilities
Shareholders' equity
Capital stock
Retained earnings
Legal retained earnings
Voluntary earned reserve
Retained earnings brought forward
Treasury shares
Total shareholders’ equity
Total liabilities and shareholders' equity

926,725

771,714137,171

81,6206,325
669

328,662

160,000

1,311

29,00014,000114

73,647

79,764

653

131,614110,178903

202,862

176,000

1,442

116,274

97,224796

2,370,824

1,839,585

15,07831,50017,500143

13,73213,800113

63,50363,503520

23,35273,352

601

132,087

168,156

1,378

2,502,912

2,007,741

16,45670,00070,000573

14,352

16,979139

2,770,000

3,020,000

24,754

548,603

767,459

6,290-16,105-16,105-133-

3,386,849￥

5,889,762

3,858,334￥

5,866,075

31,625$

Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.
129,547
2. Accumulated Depreciation
121,268￥￥$3. Receivables and payables from and to subsidiaries
200,890accounts receivable
230,628
68,350
short-term loan receivable
1,866
accounts payable
1,379

48,082

1,061
1,646
560
15

Non-consolidated Statement of Income
for the years ended March 31, 2022 and 2021

thousands of yen
Years ended March 31
2021
2022
$
￥ 10,307,182 ￥ 11,067,338

Sales (Note 2)
Cost of sales (Note 2)
Gross profit
Operating expenses
Operating profit
Non-operating income
Non-operating expenses
Ordinary profit
Extraordinary gains
Income before income taxes
Corporate income taxes
Net profit￥thousands of U.S.
dollars (Note 1)
2022

90,715

7,992,818

8,598,192

70,4762,314,364

2,469,146

20,238

1,891,145

1,941,886

15,917423,218

527,259

4,321

224,871249,256

2,043

92,03798,756809

556,052

677,759

5,555

24,459--580,511677,759

5,555

170,000

180,000

410,511 ￥497,759

1,475

$

4,079

Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.
2. Transactions with subsidiaries$sales879,797 ￥700,783￥
cost of sales
78,586116,087

5,744
951

Non-consolidated Statement of Changes in Equity
thousands of yen

for the year ended March 31, 2022 and 2021
Capital stock

Retainedearnings

Voluntary
retainedearnings

Retainedearnings
brought
forward

Total retained
earnings

Balance at April 1, 2020
Issurance of new shares
Profit for the year
Dividend of surplus
Provision of voluntary retained earnings
Provision of legal retained earnings
Total changes of items during period
Balance at March 31, 2021

50,00012,5002,520,000

408,463

2,940,963

Balance at April 1, 2021
Profit for the year
Dividend of surplus
Provision of voluntary retained earnings
Provision of legal retained earnings
Total changes of items during period
Balance at March 31, 2022

Total
shareholders' Total net assets
equityTreasuryshares-16,105

20,0002,974,858

20,00020,000410,511

410,511

410,511

410,511-18,520-18,520-18,520-18,520

250,000-250,000

1,852

2,974,858-1,85220,0001,852

250,000

140,140

391,991-411,991

411,991

70,00014,3522,770,000

548,6033,332,955-16,105

3,386,849

3,386,849

70,00014,3522,770,000

548,6033,332,955-16,105

3,386,849

3,386,849

497,759

497,759

497,759

497,759-26,275-26,275-26,275-26,275

250,000-250,000

2,627-2,627-2,627

250,000

218,856

471,484-

471,484

471,484

70,00016,9793,020,000

767,4593,804,439-16,105

3,858,334

3,858,334

thousands of U.S. dollars (Note 1)
Capital stock

Retainedearnings

Voluntary
retainedearnings

Retainedearnings
broughtforward

Total retained
earnings

Balance at April 1, 2020
Issurance of new shares
Profit for the year
Dividend of surplus
Provision of voluntary retained earnings
Provision of legal retained earnings
Total changes of items during period
Balance at March 31, 2021

409

102

20,655

3,348

24,106

Balance at April 1, 2021
Profit for the year
Dividend of surplus
Provision of voluntary retained earnings
Provision of legal retained earnings
Total changes of items during period
Balance at March 31, 2022

Total
shareholders' Total net assets
equityTreasuryshares-133

163

24,384163163

3,364

3,364

3,364

3,364

-152

-152

-152

-152

2,049

-2,04915

24,384

-15

163

15

2,049

1,148

3,213

-

3,376

3,376

573

117

22,704

4,496

27,319-133

27,761

27,761573

117

22,704

4,496

27,319-133

27,761

27,761

4,079

4,079

4,079

4,079

-216

-216

-216

-216

2,049

-2,04921-21-

21

2,049

1,793

3,864

-

3,864

3,864

573

139

24,754

6,290

31,183-133

31,62531,625

Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.

[Reference Materials]
Note:

Financial Statements in accordance with Japanese Companies Act were reviewed by Kuno Yasunari CPA Firm.
These statements translated into English was made for reference.

Consolidated Balance Sheet
March 31, 2022 and 2021

ASSETS
Current assets
Cash and bank deposits
Notes and accounts receivable
Merchandise
Other current assets
Total current assets
Noncurrent assets
Investment securities
Long-term loans receivable
Furniture and fixtures
Other noncurrent assets
Allowance for doubtful accounts
Total noncurrent assets
Total assets

thousands of U.S.
dollars (Note 1)

thousands of yen
March 31
2021
2022
￥

1,111,096￥

1,622,889

2022$

13,302

3,073,989

2,546,954

20,876

1,461,827

1,600,285

13,117

254,572

251,611

2,062

5,901,485

6,021,740

49,358658,583

754,674

6,185

830

20,830170

194,309195,265

1,600

309,625

347,0832,844-15,000-15,000-123

1,148,349

1,302,855

10,679￥7,049,835￥

7,324,595$60,037￥

1,431,580￥

1,200,769$9,842

LIABILITIES and NET ASSETS
Current liabilities
Notes and accounts payable
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for employees' bonuses
Other current liabilities
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Guarantee deposits received
Provision for retirement benefits
Other noncurrent liabilities
Noncurrent liabilities
Total Liabilities
Net assets
Shareholders' equity
Capital stock
Retained earnings
Treasury sharesAccumulated other comprehensive income(loss)
Foreign currency translation adjustment
Non-controlling interests
Total net assets
Total liabilities and net assets￥

328,662

160,000

29,00014,0001,311
114

139,597

123,3311,010

202,862

176,000

1,442

401,683

291,390

2,388

2,533,387

1,965,491

16,11031,50017,500143

13,73213,800113

63,50363,503520

23,352

93,953770

132,087

188,757

1,547

2,665,474

2,154,248

17,65770,00070,000573

4,296,258

4,929,014

40,401-16,105-16,105-133

24,350167,721

1,374

9,856

19,715161

4,384,360

5,170,346

42,3797,049,835￥

7,324,595$Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.

60,037

[Reference Materials]
Consolidated Statement of Incomefor the year ended March 31, 2022 and 2021

￥SalesCost of sales
Gross profit
Operating expenses
Operating profit
Non-operating income
Non-operating expenses
Ordinary profit
Income before income taxes
Income taxes
Net profit
Profit attributable to non-controlling interests
Net profit attributable to owners of parent￥

thousands of yen
Years ended March 31
2021
2022
11,884,446 ￥
12,876,298

thousands of U.S.
dollars (Note 1)
2022$

105,543

8,890,560

9,636,434

2,993,885

3,239,863

26,5562,237,066

2,328,186

19,083756,819

911,677

7,472

122,329

149,050

1,221

92,955

104,730

858

786,192

955,996

7,836

786,192

955,996

7,836

291,388286,206

2,345

494,804

669,790

5,490

6,419

9,125

488,384￥660,664

78,987

74

$

5,415

Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.

Consolidated Statement of Changes in Equity
for the year ended March 31, 2022 and 2021

thousands of yen
Capital stock

Balance at April 1, 2020
Issurance of new shares
Profit for the year
Dividend of surplus
Change in scope of consolidation
OthersNet changes of items other than shareholders' equityTotal changes of items during period
Balance at March 31, 2021

50,000

Balance at April 1, 2021
Profit for the year
Dividend of surplus
OthersNet changes of items other than shareholders' equity
Total changes of items during period
Balance at March 31, 2022

Accumulated
Total
Non-controllingothershareholders' comprehensive
Total net assetsinterests
equityincome(loss)

Legal
retainedearnings

Treasuryshares3,803,622-16,105

20,0003,837,517-64,848

2,907

3,775,576

20,00020,000488,384

488,384

488,384-18,520-18,520-18,520

24,45924,45924,459-1,688-1,688-1,68889,198

6,949

96,14720,000492,635-

512,635

89,198

6,949

608,783

70,0004,296,258-16,105

4,350,153

24,3509,856

4,384,360

70,0004,296,258-16,105

4,350,153

24,3509,856

4,384,360

660,664

660,664

660,664-26,275-26,275-26,275-1,633-1,633-1,633
143,370

9,859

153,229-

632,755-

632,755

143,3709,859

785,985

70,0004,929,014-16,105

4,982,909

167,721

19,7155,170,346

thousands of U.S. dollars (Note 1)
Capital stock

Balance at April 1, 2020
Issurance of new shares
Profit for the year
Dividend of surplus
Change in scope of consolidation
OthersNet changes of items other than shareholders' equity
Total changes of items during period
Balance at March 31, 2021

409

Balance at April 1, 2021
Profit for the year
Dividend of surplus
OthersNet changes of items other than shareholders' equity
Total changes of items during period
Balance at March 31, 2022

Legal
retainedearnings

31,177

Accumulated
Total
other
Non-controlling Total net assets
shareholders' comprehensive
interests
equityincome(loss)Treasury
shares-133

163

31,455-532

2330,947

163

163

4,003

4,003

4,003

-152

-152

-152

200

200

200

-14

-14-14-731

56

788

163

4,037

-

4,201

731

56

4,990

573

35,215-133

35,656199

80

35,937573

35,215-133

35,656199

80

35,937

5,415

5,415

5,415

-216

-216

-216

-14-14-14
1,175

80

1,255

-

5,186

-

5,186

1,175

80

6,442

573

40,401-133

40,843

1,374

161

42,379Notes: 1. The translations of Japanese yen amounts into U.S. dollar amounts are added solely for the convenience of readers outside Japan and have been made at the rate of￥122 to $1, the approximate rate of exchange at March 31, 2022.