Financial Statements

FY2023
1 April 2023 - 31 March 2024

Radiation Effects Research Foundation

RADIATION EFFECTS RESEARCH FOUNDATIONBALANCE SHEETAS OF 31 MARCH 2024
(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
Furniture and Equipment
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
Long-term Guarantee Deposits
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 Specific Assets)
2. Unrestricted Net Assets(Appropriated Amount to Fundamental Properties)(Appropriated Amount to Specific Assets)
TOTAL NET ASSETSTOTAL LIABILITIES AND NET ASSETS

1Previous
Fiscal Year

Changes

14,322,631
7,755,840
83,528,916
13,163,186
118,770,573

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

4,039,072(2,349,781)
27,450,250(2,324,142)
26,815,399

497,335,199
497,335,199

558,205,632
558,205,632(60,870,433)(60,870,433)

3,553,227,394
79,402,500
5,893,970
1663,673,032
14,385,159
1,872,000
53,303,897
2,718,000
4,374,475,953

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

442,586,833
0(2,952,647)
04,274,095(4,225,100)
0(2,939,514)
768,000
437,511,667

422,345422,345
4,872,233,497
4,991,004,070

505,508
505,508
4,495,675,426
4,587,630,600(83,163)(83,163)376,558,071
403,373,470

311,035,225
28,646,042
2,100,477
5,135,909
141,211,682
488,129,335

466,656,816
14,159,333
21,519,463
5,000,329
144,594,989
651,930,930(155,621,591)
14,486,709(19,418,986)
135,580(3,383,307)(163,801,595)

22,979,900
7,515,145
20,040,000
1,754,105,176
1,804,640,221
2,292,769,556

0
12,651,054
56,593,500
1,656,760,329
1,726,004,883
2,377,935,813

22,979,900(5,135,909)(36,553,500)
97,344,847
78,635,338(85,166,257)

2,692,869,045
17
2,692,869,062
497,335,199
2,195,533,863
5,365,452
002,698,234,514
4,991,004,070

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

483,381,525
0
483,381,525(60,870,433)
544,251,958
5,158,202
00488,539,727
403,373,470

RADIATION EFFECTS RESEARCH FOUNDATIONSTATEMENT OF CHANGES IN NET ASSETS
1 APRIL 2023 - 31 MARCH 2024
(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
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

3,334,788,470
3,334,788,470
42,625,940
10,431,799
25,607,141
6,587,000
5,000,000
5,000,000
708,2213,275
704,946
3,383,122,631

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

250,314,380
250,314,380(723,501)
4,134,305(2,617,806)(2,240,000)
5,000,000
5,000,000(7,991,891)(14,605)(7,977,286)
246,598,988

2,512,912,726
30,083,373
1,194,988,600
5,714,220
99,241,226
95,627,939
50,998,413
7,366,367
266,460
7,174,718
202,024
158,677,420
9,092,365
12,271,812
50,835,204
23,148,744
71,70147,434,110
214,994
166,649,858
41,352,739
292,568,553
218,931,886
863,922,410
17,165,459
316,032,544
2,837,380
23,065,770
26,840,095
4,639,000
2,256,940
18,689,341
3,153,316
2,359,572
7,811,532
5,487,170
9,099,889
25,630,390
3,144,027
1,150,329
12,025,857
2,741,121
257,245,650
648,31337,629,099
2,530,460
33,268,954
48,450,404
19,7982,100,477
3,378,935,613
4,187,018

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)

53,439,051
174,647(10,123,289)
356,820
3,947,137(5,323,052)
4,919,852
2,861,200(4,141,446)(2,424,301)(37,961)
12,830,779(1,032,260)
2,386,640(3,786,448)(5,538,558)
45,356(962,526)(2,311)
26,951,090(43,967)
21,001,731
11,379,918
206,173,797(451,667)
20,238,920
160,780(2,426,017)
2,522,009
555,000
1,456,231
13,073,863
3,043,176(3,550,810)(359,423)
1,605,629(1,028,544)(1,914,572)
968,731(22,700)
518,541
439,131
170,529,693(166,788)
16,460,551
112,610(16,587,968)
1,020,771(23,350)(19,323,024)
240,289,824
6,309,164

RADIATION EFFECTS RESEARCH FOUNDATIONSTATEMENT OF CHANGES IN NET ASSETS
1 APRIL 2023 - 31 MARCH 2024
(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 (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

1,743,840
01,743,840

2,019,982
313,640
2,333,622(276,142)(313,640)(589,782)

772,656
0772,656
971,184
5,158,202
207,250
5,365,452

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

769,517(121,223)
648,294(1,238,076)
5,071,088
87,114
5,158,202

3,818,169,995
1,754,342,000
2,063,827,995
0(3,334,788,470)
483,381,525
2,209,487,537
2,692,869,062

3,701,578,547
1,764,662,000
1,886,048,547
50,868,000(3,084,474,090)
617,104,457
1,592,383,080
2,209,487,537

116,591,448(10,320,000)
177,779,448(50,868,000)(250,314,380)(133,722,932)
617,104,457
483,381,525

2,209,694,787
2,698,234,514
488,539,727

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

617,191,571
488,539,727(128,651,844)

RADIATION EFFECTS RESEARCH FOUNDATIONEXPLANATORY NOTES

1. Important accounting policies(1) Valuation standards and methods for inventory assets ("Stores" 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 specific assets
Changes in and balance of the monetary value of fundamental properties and specific assets 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

Balanceat End ofPrevious FY

Increase during Decrease during
Current Term
Current Term

Balanceat End ofCurrent FY

558,205,632
558,205,632

0060,870,433
60,870,433

497,335,199
497,335,199

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

3,635,255,672
000
183,250,637
0018,107,547
768,000
3,837,381,856
3,837,381,856

3,192,668,839
0
2,952,647
0
178,976,542
4,225,100
021,047,061
0
3,399,870,189
3,460,740,622

3,553,227,394
79,402,500
5,893,970
1663,673,032
14,385,159
1,872,000
53,303,897
2,718,000
4,374,475,953
4,871,811,152

Balanceat End ofCurrent FY

AppropriatedAmount from
Restricted
Net Assets

AppropriatedAmount from
Unrestricted
Net Assets

497,335,199
497,335,199

497,335,199
497,335,199

0
0

0
0

3,553,227,394
79,402,500
5,893,970
1663,673,032
14,385,159
1,872,000
53,303,897
2,718,000
4,374,475,953
4,871,811,152

1,386,936,358
79,402,500
5,893,970
1663,673,032
1,734,105
1,872,000
53,303,897
2,718,000
2,195,533,863
2,692,869,062

0
0
0
0
0
0
0
0
0
0
0

2,166,291,036
0000
12,651,054
000
2,178,942,090
2,178,942,090

3. Financial sources of fundamental properties and specific assets
Financial sources of fundamental properties and specific assets 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 FOUNDATIONEXPLANATORY NOTES

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

Balanceat End ofCurrent FY

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

861,494,892
861,494,892

497,335,199
497,335,199

39,702,560
688,040
3,489,849,715
25,300,000
259,370,961
3,814,911,276

33,808,590
688,039
2,826,176,683
10,914,841
206,067,064
3,077,655,217

5,893,970
1663,673,032
14,385,159
53,303,897
737,256,059

2,675,688
2,675,688
5,176,417,055

2,253,343
2,253,343
3,941,403,452

422,345422,345
1,235,013,603

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
Japan-U.S. government subsidy

ProvidersJapan MHLW
U.S. DOE

U.S. government subsidy
U.S. DOE(Major Facility Renovation)
Total

Balanceat End ofPrevious FY

IncreaseduringCurrent FY

DecreaseduringCurrent FY

Balanceat End ofCurrent FY

2,130,085,037

3,818,169,995

3,334,788,470

2,613,466,562

79,402,500

0079,402,500

2,209,487,537

3,818,169,995

3,334,788,470

2,692,869,062

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

3,334,788,470
3,334,788,470

Classification on
Balance Sheet
Restricted
Net Assets
Restricted
Net Assets

RADIATION EFFECTS RESEARCH FOUNDATION
SUPPLEMENTARY SCHEDULES

1. Breakdown of fundamental properties and specific assets
Details of fundamental properties and specific assets 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

Balanceat End ofPrevious FY

IncreaseduringCurrent FY

Used as Intended

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

141,211,682
8,551,600
122,306,996
272,070,278

144,594,989
45,105,100
24,962,149
214,662,238

6

Balanceat End ofCurrent FY

Decrease during Current FY
Other
0
0
0
0

141,211,682
20,040,000
1,754,105,176
1,915,356,858

RADIATION EFFECTS RESEARCH FOUNDATION
LIST OF PROPERTYAS OF 31 MARCH 2024
(Unit: Yen)
Item in the balance sheet

Location, amount of material

Purpose of use, etc.

Amount(Current Assets)

Cash and Cash Equivalents Checking Accounts

Accounts Receivable

Total Current Assets(Non-Current Assets)
Fundamental
Properties

Specific Assets

MUFG Bank
Savings Accounts
MUFG Bank
Hiroshima Bank
Subtotal: Savings Accounts
Subtotal: Cash and Equivalents
Medical examination fees (Hiroshima）
Medical examination fees (Nagasaki ）Other accounts receivable

1,915,139

Property for public interest activities and administrative activities
Same as above

7,983,219
4,424,273
12,407,492
14,322,631
1,122,679
31,8116,601,350

Accounts receivable from operating income as public interest
Same as above
Other accounts receivable including contract services income of
special funds

Prepaid Expenses

Subtotal: Accounts Receivable
Unemployment insurance

Amount due for April, next fiscal year
Amount for next fiscal year

StoresRental home rent
Other prepaid expenses
Subtotal: Prepaid Expenses
Reagents, Laboratory supplies, Postage stamps

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

Property for public interest activities and administrative activities

419,282,873

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

62,949,528

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

Property for administrative activities

15,102,798

Buildings

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

Subtotal: Buildings
Total Fundamental Properties
Reserved Assets for
Cash On Hand
Public-Interest Activity
Hiroshima

Unused amount at final inventory

7,755,840
40,176
1,028,000
82,460,740
83,528,916
13,163,186
118,770,573

497,335,199
497,335,199

Nagasaki
Subtotal: Cash On Hand
Checking Accounts
MUFG Bank
Savings Accounts
Hiroshima Bank

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

330,000

Same as above

200,000
530,000

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

3,531,400,936

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

10,125,853

Juhachi Shinwa Bank
Same as above
Subtotal: Savings Accounts
Subtotal: Reserved Assets for Public-Interest
Checking Accounts
MUFG Bank
For the relocation and reconstruction of the Hiroshima
Laboratory

11,170,605
21,296,458
3,553,227,394

Hiroshima Laboratory
Nagasaki Laboratory
Subtotal: Structures
Hiroshima Laboratory
Hiroshima Laboratory
Nagasaki Laboratory
Subtotal: Furniture and Equipment
Hiroshima Laboratory
Hiroshima Laboratory
Nagasaki Laboratory
Subtotal: Telephone Deposits
Hiroshima Laboratory
Nagasaki Laboratory
Subtotal: Software
Hiroshima Laboratory

Property for public interest activities and administrative activities
Same as above

Hiroshima Laboratory
Nagasaki Laboratory
Subtotal: Furniture and Equipment
Total Other Non-Current Assets

Property for public interest activities and administrative activities
Same as above

4,095,041
1,798,929
5,893,970
1
596,759,105
66,913,927
663,673,032
14,385,159
1,224,000
648,000
1,872,000
51,450,992
1,852,905
53,303,897
2,718,000
4,374,475,953
297,114125,231422,345422,345
4,872,233,497
4,991,004,070

Reserved Assets for
Reconstruction
Structures

VehiclesFurniture and Equipment

Leased Assets
Telephone Deposits

Software

Other Non-Current
AssetsProperty for public interest activities and administrative activities

Security Deposits
Total Specific Assets
Furniture and Equipment

Property for administrative activities
Property for public interest activities and administrative activities
Same as above
Property for public interest activities
Property for public interest activities and administrative activities
Same as above
Property for public interest activities and administrative activities
Same as above
Property for public interest activities and administrative activities

Total Non-Current Assets
Total Assets

7

79,402,500

RADIATION EFFECTS RESEARCH FOUNDATION
LIST OF PROPERTYAS OF 31 MARCH 2024
(Unit: Yen)
Item in the balance sheet

Location, amount of material

Purpose of use, etc.

Amount(Current Liabilities)
Accounts Payable

Deposits Received

Subsidies/Contract
Service to be Returned

Salaries and Wages
Legal welfare premiums
Overtime allowances
Termination allowances
Fees and gratuities
TravelEquipment
Supplies
Printing and Book Binding
Communication and freight
Utilities
Leases and Transportation
Meetings
Temporary Employee Salaries and Benefits
Contract services and others
Employee WelfareLand and Building Lease
Tax
Entrustment fees
Other Non-Current Assets
OthersSubtotal: Accounts Payable
Withheld payroll taxes payable

Payable portion for MarchSame as above
Same as above
Payable portion for termination allowances
Payable portion for fees and gratuities
Payable portion for travel
Payable portion for acquisition of equipment
Payable portion for acquisition of supplies
Payable portion for printing and book binding
Payable portion for communication and freight
Payable portion for utilities
Payable portion for leases and transportation
Payable portion for meetings
Payable portion for temporary employee salaries and benefits
Payable portion for contract services and others
Payable portion for employee welfare
Payable portion for land and building leaseUnpaid portion for consumption tax
Payable portion for entrustment fees
Payable portion for other non-current assets
Payable travel expenses to committee members and RERF 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
Ministry of Health, Labor and Welfare

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

Portion returned as surplus of subsidy

172,384
27,017,640
1,393,288
24,962,149
5,769,636
471,780
51,3409,857,575
1,542,173
2,336,827
1,338,425
1,778,590
587,540
137,676
19,275,428
5,390
16,716,584
859,600
153,079,545
41,730,027
1,951,628
311,035,225
24,221,769
4,424,273
28,646,042
2,100,477

Lease Payable

NTT TC Leasing Co.

Liability for acquisition of equipment allocated to public interest
activities

5,135,909

Accrued Seasonal Bonus

For the period from December 2023 to March
2024

Accrued portion of seasonal bonuses for directors and employees
to be paid in June 2024

141,211,682

Total Current Liabilities(Non-Current Liabilities)

488,129,335

Long-term Guarantee
Deposits
Lease Payable

Naito Architects Co., Ltd.

Reserve for Directors'
Termination Allowance

For the directors

Reserve for Termination
Allowance

For the employees

NTT TC Leasing Co.

Total Non-Current Liabilities
Total Liabilities
Net Assets

Security deposit for execution design and supervisioncontract for combined building
Liability for acquisition of equipment allocated to public
interest activities
Reserve for termination allowance payment to 3 Directors

22,979,900

Reserve for termination allowance payment to 129 staff
members

1,754,105,176

7,515,145
20,040,000

1,804,640,221
2,292,769,556
2,698,234,514

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