Statements of Accounts

FY2022
1 April 2022 - 31 March 2023

Radiation Effects Research Foundation

RADIATION EFFECTS RESEARCH FOUNDATIONBALANCE SHEETAS OF 31 MARCH 2023
(Unit: Yen)

Current
Fiscal Year

Category
I. ASSETS
1. Current Assets
Cash and Cash Equivalents
Accounts Receivable
Prepaid Expenses
StoresTotal Current Assets
2. Non-Current Assets(1) Fundamental Properties
Buildings
Total Fundamental Properties(2) Specific Assets
Reserved Assets for Public-Interest Activity
Reserved Assets for Reconstruction
Structures
VehiclesFurniture and Equipment
Leased Assets
Telephone Deposits
SoftwareSecurity Deposits
Total Specified Assets(3) Other Non-Current Assets
VehiclesFurniture and Equipment
Leased Assets
Telephone Deposits
SoftwareSecurity Deposits
Total Other Non-Current Assets
Total Non-Current Assets
TOTAL ASSETS
II. LIABILITIES
1. Current Liabilities
Accounts Payable
Deposits Received
Subsidies/Contract Services to be Returned
Lease Payable
Accrued Seasonal Bonus
Total Current Liabilities
2. Non-Current Liabilities
Lease Payable
Reserve for Directors' Termination Allowance
Reserve for Termination Allowance
Total Non-Current Liabilities
TOTAL LIABILITIES
III. NET ASSETS
1. Restricted Net Assets
Subsidy
Donated Building
Total Restricted Net Assets(Appropriated Amount to Fundamental Properties)(Appropriated Amount to Reserves)
2. Unrestricted Net Assets(Appropriated Amount to Fundamental Properties)(Appropriated Amount to Reserves)
TOTAL NET ASSETSTOTAL LIABILITIES AND NET ASSETS

1Previous
Fiscal Year

Changes

10,283,559
10,105,621
56,078,666
15,487,328
91,955,174

2,373,173,964
10,118,321
50,711,441
26,919,947
2,460,923,673(2,362,890,405)(12,700)
5,367,225(11,432,619)(2,368,968,499)

558,205,632
558,205,632

630,834,852
630,834,852(72,629,220)(72,629,220)

3,110,640,561
79,402,500
8,846,617
1
659,398,937
18,610,259
1,872,000
56,243,411
1,950,000
3,936,964,286

0
0
0
0
0
0
0
0
0
0

3,110,640,561
79,402,500
8,846,617
1
659,398,937
18,610,259
1,872,000
56,243,411
1,950,000
3,936,964,286

0
505,5080000505,508
4,495,675,426
4,587,630,600

1666,346,621
22,835,359
1,872,000
55,597,051
2,094,000
748,745,032
1,379,579,884
3,840,503,557(1)(665,841,113)(22,835,359)(1,872,000)(55,597,051)(2,094,000)(748,239,524)
3,116,095,542
747,127,043

466,656,816
14,159,333
21,519,463
5,000,329
144,594,989
651,930,930

115,785,996
14,328,488
31,105,683
4,868,327
150,220,897
316,309,391

350,870,820(169,155)(9,586,220)
132,002(5,625,908)
335,621,539

12,651,054
56,593,500
1,656,760,329
1,726,004,883
2,377,935,813

17,651,383
48,559,500
1,865,480,067
1,931,690,950
2,248,000,341(5,000,329)
8,034,000(208,719,738)(205,686,067)
129,935,472

2,209,487,520
17
2,209,487,537
558,205,632
1,651,281,905
207,250002,209,694,787
4,587,630,600

1,592,383,054
26
1,592,383,080
630,834,852
0
120,136001,592,503,216
3,840,503,557

617,104,466(9)617,104,457(72,629,220)
1,651,281,905
87,1140
0617,191,571
747,127,043

RADIATION EFFECTS RESEARCH FOUNDATIONSTATEMENT OF CHANGES IN NET ASSETS
1 APRIL 2022 - 31 MARCH 2023
(Unit: Yen)

Category
I. CHANGES IN UNRESTRICTED NET ASSETS
1. Recurring Changes(1) Recurring Revenues and Gains
Net Assets Released from Restrictions
U.S. and Japan Subsidy
Donated Building
Operating Income
Medical Examination Income
Contract Services
Work-Related Illness Study
Charitable Donations Income
Charitable Donations Income
Miscellaneous Income
Interest Income
Other Miscellaneous Income
Total Recurring Revenue and Gains(2) Recurring Expenses and Lossesi ) Direct Expenses and Losses
Directors Salaries and Fees
Salaries and Wages
Directors' Termination Allowance
Termination Allowance
Accrued Expense for Seasonal Bonus
Fees and Gratuities
Travel, Domestic
Travel, Relocation
Travel, Overseas
Equipment Expensed
Supplies
PR and Publications
Communication and Freight
Utilities
Leases and Transportation
Meetings
Temporary Employee Salaries and Benefits
Insurance
Contract Services and Others
Land and Building Lease
Entrustment Fees
Depreciationii) Indirect Expenses and Losses
Directors Salaries and Fees
Salaries and Wages
Directors' Termination Allowance
Termination Allowance
Accrued Expense for Seasonal Bonus
Fees and Gratuities
Travel, Domestic
Travel, Committee Members
Travel, Relocation
Travel, Overseas
Supplies
PR and Publications
Communication and Freight
Utilities
Leases and Transportation
Meetings
Temporary Employee Salaries and Benefits
Insurance
Contract Services and Others
Employee WelfareLand and Building Lease
Tax
Entrustment Fees
Depreciation
Exchange Rate Lossiii) Subsidies/Contract Services to be Returned
Total Recurring Expenses and Losses
Recurring Changes

2

Current
Fiscal Year

Previous
Fiscal Year

Changes

3,084,474,090
3,084,474,090
0
43,349,441
6,297,494
28,224,947
8,827,000
008,700,112
17,8808,682,232
3,136,523,643

4,907,170,074
4,902,692,030
4,478,044
36,844,207
5,508,987
31,335,2200
100,000
100,000
1,310,232
12,273
1,297,959
4,945,424,513(1,822,695,984)(1,818,217,940)(4,478,044)
6,505,234
788,507(3,110,273)
8,827,000(100,000)(100,000)
7,389,880
5,607
7,384,273(1,808,900,870)

2,459,473,675
29,908,726
1,205,111,889
5,357,400
95,294,089
100,950,991
46,078,561
4,505,167
4,407,906
9,599,019
239,985
145,846,641
10,124,625
9,885,172
54,621,652
28,687,302
26,34548,396,636
217,305
139,698,768
41,396,706
271,566,822
207,551,968
657,748,613
17,617,126
295,793,624
2,676,600
25,491,787
24,318,086
4,084,000
800,7095,615,478
110,140
5,910,382
8,170,955
3,881,541
10,128,433
27,544,962
2,175,296
1,173,029
11,507,316
2,301,990
86,715,957
815,101
21,168,548
2,417,850
49,856,922
47,429,633
43,14821,423,501
3,138,645,789(2,122,146)

3,798,958,664
30,774,846
1,220,884,559
32,805,200
1,501,913,268
117,483,334
43,990,978
1,471,530
397,9800302,483
96,536,853
6,616,897
11,391,730
41,585,257
21,585,510
864
51,338,111
1,625,978119,377,656
42,790,104
266,990,635
189,094,891
1,122,840,745
18,053,947
335,359,235
15,754,300
478,674,524
32,737,563
6,389,000
371,16000014,217,231
2,964,511
9,027,027
18,909,117
2,872,996
16,6422,460,583
873,027
87,152,035
688,393
19,506,766
4,053,861
12,739,605
59,989,762
29,46028,557,886
4,950,357,295(4,932,782)(1,339,484,989)(866,120)(15,772,670)(27,447,800)(1,406,619,179)(16,532,343)
2,087,583
3,033,637
4,009,926
9,599,019(62,498)
49,309,788
3,507,728(1,506,558)
13,036,395
7,101,792
25,481(2,941,475)(1,408,673)
20,321,112(1,393,398)
4,576,187
18,457,077(465,092,132)(436,821)(39,565,611)(13,077,700)(453,182,737)(8,419,477)(2,305,000)
429,549
5,615,478
110,140
5,910,382(6,046,276)
917,030
1,101,406
8,635,845(697,700)
1,156,387
9,046,733
1,428,963(436,078)
126,708
1,661,782(1,636,011)
37,117,317(12,560,129)
13,688(7,134,385)(1,811,711,506)
2,810,636

RADIATION EFFECTS RESEARCH FOUNDATIONSTATEMENT OF CHANGES IN NET ASSETS
1 APRIL 2022 - 31 MARCH 2023
(Unit: Yen)

Current
Fiscal Year

Category
2. Non-Recurring Changes(1) Non-Recurring Revenues and Gains
Donated Non-Current Assets
Other Non-Recurring Revenues and Gains
Total Non-Recurring Revenues and Gains(2) Non-Recurring Expenses and Losses
Loss on Disposal of Non-Current Assets
Other Non-Recurring Expenses and Losses
Total Non-Recurring Expenses and Losses
Non-Recurring Changes
Changes in Unrestricted Net Assets during Fiscal Year
Unrestricted Net Assets at Beginning of Fiscal Year
Unrestricted Net Assets at End of Fiscal Year
II. CHANGES IN RESTRICTED NET ASSETS
Subsidy Income
Japan Subsidy Income
U.S. Subsidy Income
Japan Subsidy Income (Work-Related Illness Study)
Japan Subsidy Income (Major Facility Renovation)
Net Assets Released from Restrictions
Changes in Restricted Net Assets during Fiscal Year
Restricted Net Assets at Beginning of Fiscal Year
Restricted Net Assets at End of Fiscal Year
III. CHANGES IN TOTAL NET ASSETSNet Assets at Beginning of Fiscal YearNet Assets at End of Fiscal Year
CHANGES IN TOTAL NET ASSETS

3

Previous
Fiscal Year

Changes

2,019,982
313,640
2,333,622

1,930,475
12,0001,942,475

89,507
301,640
391,147

3,139
121,223
124,362
2,209,260
87,114
120,136
207,250

234,807
9,857
244,664
1,697,811(3,234,971)
3,355,107
120,136(231,668)
111,366(120,302)
511,449
3,322,085(3,234,971)
87,114

3,701,578,547
1,764,662,000
1,886,048,547
050,868,000(3,084,474,090)
617,104,457
1,592,383,080
2,209,487,537

3,419,547,787
1,806,681,000
1,596,903,787
15,963,0000(4,907,170,074)(1,487,622,287)
3,080,005,367
1,592,383,080

282,030,760(42,019,000)
289,144,760(15,963,000)
50,868,000
1,822,695,984
2,104,726,744(1,487,622,287)
617,104,457

1,592,503,216
2,209,694,787
617,191,571

3,083,360,474
1,592,503,216(1,490,857,258)(1,490,857,258)
617,191,571
2,108,048,829

RADIATION EFFECTS RESEARCH FOUNDATIONNOTES ON FINANCEAL REPORTS

1. Important accounting policies(1) Valuation standards and methods for inventory assets ("Other" of Current Assets)
By the lower of cost or market value method based on first-in first-out system(2) Method for depreciation of non-current assetsi) Tangible fixed assets (Excluding leased assets)
The straight-line method is used with a residual value of one yen.
ii) Intangible fixed assets (Excluding leased assets)
The straight-line method is used with a residual value of zero.
iii) Leased assets
Ownership-transfer finance lease
The same depreciation method is used as that applied to proprietary fixed assets.
(3) Reporting standards for reservesi) Accrued seasonal bonus
Summer bonus amounts accrued for directors and employees during the current term are reported.
ii) Reserve for termination allowance
An amount equivalent to that required to pay termination allowances for voluntary retirements based on the regulations has been recorded.
iii) Reserve for directors' termination allowance
An amount equivalent to that required for the term’s end based on the regulations has been recorded.
(4) Accounting procedures for consumption taxes
Consumption taxes are calculated based on the tax-inclusive method.
2. Changes in and balance of the monetary value of fundamental properties and reserves
Changes in and balance of the monetary value of fundamental properties and reserves are as follows:(Unit: Yen)

Item
Fundamental Properties
Buildings
SubtotalSpecific Assets
Reserved Assets for Public-Interest Activity
Reserved Assets for Reconstruction
Structures
VehiclesFurniture and Equipment
Leased Assets
Telephone Deposits
SoftwareSecurity Deposits
Subtotal
Total

Closing Balance
Increase during Decrease during Closing BalanceofCurrent Term
Current Term of Current Term
Previous Term
630,834,852
630,834,852

1,613,700
1,613,700

74,242,920
74,242,920

558,205,632
558,205,632

0
0
0
0
0
0
0
0
0
0
630,834,852

3,110,640,561
79,402,500
11,930,515
1
825,460,656
22,835,359
1,872,000
75,544,941
2,094,000
4,129,780,533
4,131,394,233

00
3,083,8980
166,061,719
4,225,100
019,301,530
144,000
192,816,247
267,059,167

3,110,640,561
79,402,500
8,846,617
1
659,398,937
18,610,259
1,872,000
56,243,411
1,950,000
3,936,964,286
4,495,169,918

Closing BalanceofCurrent Term

AppropriatedAmount from
Restricted
Net Assets

AppropriatedAmount from
Unrestricted
Net Assets

558,205,632
558,205,632

558,205,632
558,205,632

0
0

0
0

3,110,640,561
79,402,500
8,846,617
1
659,398,937
18,610,259
1,872,000
56,243,411
1,950,000
3,936,964,286
4,495,169,918

842,609,563
79,402,500
8,846,617
1
659,398,937
958,876
1,872,000
56,243,411
1,950,000
1,651,281,905
2,209,487,537

0
0
0
0
0
0
0
0
0
0
0

2,268,030,998
0000
17,651,383
000
2,285,682,381
2,285,682,381

3. Financial sources of fundamental properties and reserves
Financial sources of fundamental properties and reserves are as follows:(Unit: Yen)

Item
Fundamental Properties
Buildings
SubtotalSpecific Assets
Reserved Assets for Public-Interest Activity
Reserved Assets for Reconstruction
Structures
VehiclesFurniture and Equipment
Leased Assets
Telephone Deposits
SoftwareSecurity Deposits
Subtotal
Total

4

Amount of
Liabilities

RADIATION EFFECTS RESEARCH FOUNDATIONNOTES OF FINANCIAL REPORTS

4. Acquisition costs of non-current assets, accumulated depreciation, and closing balance of current term
Acquisition costs of non-current assets, accumulated depreciation, and closing balance of current term are as follows:(Unit: Yen)

Item
Fundamental Properties
Buildings
Subtotal: Fundamental Properties
Specific Assets
Structures
VehiclesFurniture and Equipment
Leased Assets
SoftwareSubtotal: Specific Assets
Other Non-Current Assets
Furniture and Equipment
Subtotal: Other Non-Current Assets
Total

Acquisition Cost

Accumulated
Depreciation

Closing Balanceof Current Term

1,358,830,091
1,358,830,091

800,624,459
800,624,459

558,205,632
558,205,632

39,702,560
688,040
3,595,486,483
25,300,000
278,113,793
3,939,290,876

30,855,943
688,039
2,936,087,546
6,689,741
221,870,382
3,196,191,651

8,846,617
1
659,398,937
18,610,259
56,243,411
743,099,225

2,675,688
2,675,688
5,300,796,655

2,170,180
2,170,180
3,998,986,290

505,508
505,508
1,301,810,365

5. Summary of changes in government subsidy amounts over current term
Summary of changes in government subsidy amounts over current term is as follows:(Unit: Yen)

Name of Subsidy
Japane government subsidy
U.S. government subsidy
Japan governmeny subsidy(Major Facility Renovation)
U.S. governmeny subsidy(Major Facility Renovation)
Total

Providers
Ministry of Health,Labour and Welfare
United States
Department of Energy
Ministry of Health,Labour and Welfare
United States
Department of Energy

Closing Balance
Increase during Decrease during Closing Balance Classification onof the Previous
Current Term
Current Term of Current Term Balance Sheet
Term
Restricted
0 1,764,662,000 1,764,662,0000
Net Assets
Restricted
1,512,980,580 1,886,048,547 1,268,944,090 2,130,085,037
Net Assets
Restricted
050,868,000
50,868,000
0
Net Assets
Restricted
79,402,500
0079,402,500
Net Assets
1,592,383,080 3,701,578,547 3,084,474,090 2,209,487,537

6. Summary of amount of transfer from restricted net assets to unrestricted net assets
Summary of amount of transfer from restricted net assets to unrestricted net assets is as follows:(Unit: Yen)
Description

AmountRecurring Revenues and Gains
Transferred amount based on recording in direct and indirect expenses and losses
Total

5

3,084,474,090
3,084,474,090

RADIATION EFFECTS RESEARCH FOUNDATIONADDENDED STATEMENT

1. Breakdown of fundamental assets and specific assets
Details of fundamental properties and reserves are omitted as they are presented in the notes to the financial statements.
2. Details of accrued expenses(Unit: Yen)

Item

Accrued Seasonal Bonus
Reserve for Directors' Termination Allowance
Reserve for Termination Allowance
Total

Balance
Decrease for current term
Increaseat beginning offor current term
term
Used as Intended
Other
150,220,897
48,559,500
1,865,480,067
2,064,260,464

6

144,594,989
8,034,000
111,200,696
263,829,685

150,220,897
0319,920,434
470,141,331

Balanceat end of term
0000

144,594,989
56,593,500
1,656,760,329
1,857,948,818

RADIATION EFFECTS RESEARCH FOUNDATION
LIST OF PROPERTYAS OF 31 MARCH 2023
Purpose of use, etc.

(Unit: Yen)
AmountProperty for public interest activities and administrative activities

4,498,664

MUFG Bank

Property for public interest activities and administrative activities

Hiroshima Bank

Same as above

1,570,503
4,214,392
5,784,895
10,283,559
666,864
101,228
9,337,529

Item in the balance sheet

Location, amount of material(Current Assets)
Cash and Cash Equivalents

Checking Accounts
MUFG Bank
Savings Accounts

Subtotal: Savings Accounts
Subtotal: Cash and Equivalents
Accounts Receivable

Medical examination fees (Hiroshima）

Accounts receivable from operating income as public interest

Medical examination fees (Nagasaki ）Same as above

Other accounts receivable

Other accounts receivable including contract services income of
special funds

Subtotal: Accounts Receivable
Prepaid Expenses

Unemployment insurance

Overpayment of amount due for this fiscal year allocated to next
fiscal year

Workers' compensation insuranceSame as above

Rental home rent

Amount due for April, next fiscal year

Other prepaid expenses

Amount for next fiscal year

Subtotal: Prepaid Expenses

10,105,621
901,431
183,456
778,000
54,215,779
56,078,666
15,487,328
91,955,174

StoresReagents, Laboratory supplies,

Unused amount at final inventory

Buildings

Hiroshima Laboratory
7,847㎡ (5-2 Hijiyama Park, Hiroshima)

Property for public interest activities and administrative activities

463,652,792

Nagasaki Laboratory
2,643㎡ (1-8-6 Nakagawa, Nagasaki)Same as above

76,232,852

Hijiyama Hall
1,386㎡ (5-1 Hijiyama Park, Hiroshima）

Property for administrative activities

18,319,988

Total Current Assets(Non-Current Assets)
Fundamental
Properties

Subtotal: Buildings

558,205,632
558,205,632

Total Fundamental Properties
Specific Assets

Reserved Assets for
Public-Interest Activity

Cash On Hand
Hiroshima

Reserve assets for public utility purposes and for public interest
activities and administrative activities

300,000

NagasakiSame as above

200,000
500,000

Subtotal: Cash On Hand
Checking Accounts
MUFG Bank

Reserve assets for public utility purposes and for public interest
activities and administrative activities

3,057,053,912

Reserve assets for public utility purposes and for public interest
activities and administrative activities

34,341,287

Savings Accounts
Hiroshima Bank
Nishi-Nippon City Bank

Same as above

Juhachi Shinwa Bank

Same as above

Subtotal: Savings Accounts
Subtotal: Reserved Assets for Public-Interest
Reserved Assets for
Reconstruction
Structures

Checking Accounts
MUFG Bank

For the relocation and reconstruction of the Hiroshima
Laboratory

Hiroshima Laboratory

Property for public interest activities and administrative activities

Nagasaki Laboratory

Same as above

Subtotal: Structures
VehiclesHiroshima Laboratory

Furniture and Equipment

Hiroshima Laboratory

Property for public interest activities and administrative activities

Nagasaki Laboratory

Same as above

Property for administrative activities

Subtotal: Furniture and Equipment
Leased Assets

Hiroshima Laboratory

Telephone Deposits

Hiroshima Laboratory

Property for public interest activities and administrative activities

Nagasaki Laboratory

Same as above

Property for public interest activities

Subtotal: Telephone Deposits
Software

Hiroshima Laboratory

Property for public interest activities and administrative activities

Nagasaki Laboratory

Same as above

Subtotal: Software
Security Deposits

Hiroshima Laboratory

Property for public interest activities and administrative activities

Total Specific Assets
Other Non-Current

Furniture and Equipment

Assets

11,163,373
7,581,989
53,086,649
3,110,640,561

Hiroshima Laboratory

Property for public interest activities and administrative activities

Nagasaki Laboratory

Same as above

Subtotal: Furniture and Equipment
Total Other Non-Current Assets
Total Non-Current Assets
Total Assets

7

79,402,500
6,134,980
2,711,637
8,846,617
1
586,205,051
73,193,886
659,398,937
18,610,259
1,224,000
648,000
1,872,000
53,482,038
2,761,373
56,243,411
1,950,000
3,936,964,286
357,071
148,437
505,508
505,508
4,495,675,426
4,587,630,600

RADIATION EFFECTS RESEARCH FOUNDATION
LIST OF PROPERTYAS OF 31 MARCH 2023
Item in the balance sheet

Location, amount of material

Purpose of use, etc.

(Unit: Yen)
Amount(Current Liabilities)
Accounts Payable

Employee allowance

Payable portion for March

Legal welfare premiums

Same as above

Overtime allowances

Same as above

Termination allowances

Same as above

Fees and gratuities

Same as above

Equipment

Payable portion for acquisition of equipment

Supplies

Payable portion for acquisition of supplies

Printing and Book Binding

Payable portion for printing and book binding

Communication and freight

Payable portion for communication and freight

Utilities

Payable portion for utilities

Leases and Transportation

Payable portion for leases and transportation

Temporary Employee Salaries and Benefits

Payable portion for temporary employee salaries and benefits

Insurance

Payable portion for insurance

Contract services and others

Payable portion for contract services and others

Employee Welfare

Payable portion for employee welfare

Tax

Unpaid portion for consumption tax

Entrustment fees

Payable portion for entrustment fees

Other Non-Current Assets

Payable portion for other non-current assets

OthersPayable travel expenses to committee members and RERF staff

Subtotal: Accounts Payable
Deposits Received

Withheld payroll taxes payable

Amount deposited for March portion of withholding taxes for
directors/staff

Temporary Deposits Received

External scientific research funds that are granted to individual
researchers but must be managed by their institutions (RERF)

Subtotal: Deposits Received

3,620
13,480,175
1,531,612
298,241,877
6,922,035
29,515
11,318,186
292,722
1,323,952
582,055
2,531,430
496,689
15,50041,262,308
64,560745,800
17,243,615
69,798,619
772,546
466,656,816
10,709,621
3,449,712
14,159,333
21,519,463

Subsidies/Contract
Service to be Returned

Ministry of Health, Labour and Welfare

Portion returned as surplus of subsidy

Lease Payable

NTT TC Leasing Co.

Liability for acquisition of equipment allocated to public interest
activities

5,000,329

Accrued Seasonal Bonus

For the period from December 2022 to March2023

Accrued portion of seasonal bonuses for directors and employees
to be paid in June 2023

144,594,989

Total Current Liabilities

651,930,930(Non-Current Liabilities)

Lease Payable

NTT TC Leasing Co.

Reserve for Directors'
Termination Allowance

For the directors

Reserve for Termination
Allowance

For the employees

Total Non-Current Liabilities

Liability for acquisition of equipment allocated to public
interest activities
Reserve for termination allowance payment to 3 Directors

12,651,054

Reserve for termination allowance payment to 127 staff
members

1,656,760,329

56,593,500

1,726,004,883
2,377,935,813
2,209,694,787

Total Liabilities
Net Assets

8