1. Consolidated financial statements(1) Consolidated balance sheet(Thousands of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Investments in leases
Securities
MerchandiseWork in process
Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets-1-

As of March 31, 2022

22,149,490

26,210,266

11,033,718

12,641,890

721,025
426,885
500,000
736,10359,8842,887
2,053,015
37,683,010

884,442
162,726–
1,141,106
144,758
2,803
2,076,605
43,264,598

141,473(61,752)
79,721
3,926
580,030(455,645)
124,384
208,033

139,884(71,340)
68,544
3,926
605,240(465,038)
140,201
212,672

603,952
35,601
639,554468,291
22,894
491,186

13,233,331
174,704
646,482
14,054,518
14,902,105
52,585,115

13,915,100
344,082
602,586
14,861,769
15,565,628
58,830,227

(Thousands of yen)
As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Advances received
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for share awards
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-2-

As of March 31, 2022

7,247,578
1,024,407
578,005

8,931,924
1,365,031
633,777

90,000120,000

1,866,539
1,119,657
11,926,188

2,809,539
1,090,271
14,950,543

2,987,839
224,669

2,999,747
251,972

83,21887,252707,066
127,042
4,129,836
16,056,025

561,774
119,676
4,020,423
18,970,966

1,873,136
2,117,656
27,090,922(688,143)
30,393,571

1,873,136
2,132,078
30,218,406(699,739)
33,523,882

4,488,856(39,385)(148,398)
4,301,073
147
1,834,298
36,529,090
52,585,115

4,320,414
68,610(107,329)
4,281,695
111
2,053,571
39,859,260
58,830,227

(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income(Thousands of yen)
Fiscal year ended
March 31, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Gain on valuation of derivatives
Other
Total non-operating income
Non-operating expenses
Loss on cancellation of derivatives
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on sale of investment securities
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-

Fiscal year ended
March 31, 2022

43,416,334
31,581,137
11,835,196
6,196,031
5,639,164

46,188,285
33,509,302
12,678,982
6,077,542
6,601,440

37,891
174,681

33,727
198,849

62,47233,273

17,22823,12044,708360,10342,879–46,794355,524

–
1,401
1,401
5,997,867

8,715
3,560
12,275
6,944,689–
72,88872,8885,924,979
1,836,566(21,068)
1,815,497
4,109,481
147,993
3,961,488

15,366–
15,366
6,929,323
2,485,595(298,715)
2,186,880
4,742,442
224,707
4,517,735

Consolidated statement of comprehensive income(Thousands of yen)
Fiscal year ended
March 31, 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-4-

Fiscal year ended
March 31, 2022

4,109,481

4,742,442

1,629,514
29,239(103,387)(168,442)
107,996
46,737(23,562)

6,828

1,531,803
5,641,285(6,879)4,735,563

5,516,417

4,498,663

124,867

236,899

(3) Consolidated statement of changes in equity
Fiscal year ended March 31, 2021
(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

1,873,136

Retained earnings

2,117,347

Total shareholders’equityTreasury shares

24,543,512(689,412)

27,844,583

Changes during period
Dividends of surplus(1,414,077)(1,414,077)

Profit attributable to ownersof parent

3,961,488

3,961,488

Purchase of treasury shares

(55)

(55)

Transfer of treasury sharesby Employee Stock
Ownership Plan

1,324

1,324

Change in ownership interestof parent due to transactions
with non-controlling interests

308

Net changes in items otherthan shareholders’ equity–

Total changes during period
Balance at end of period

308

–

–

–

–

–

308

2,547,410

1,269

2,548,987

1,873,136

2,117,656

27,090,922(688,143)

30,393,571

Accumulated other comprehensive income
Valuation
Remeasurements
difference onof defined
available-forbenefit planssale securities
Balance at beginning of period

2,859,342

Foreigncurrencytranslation
adjustment(68,625)(41,588)

Total
accumulated Share acquisition Non-controlling Total net assets
rightsinterests
othercomprehensive
income2,749,129

208

1,735,440

32,329,362

Changes during period
Dividends of surplus(1,414,077)

Profit attributable to ownersof parent

3,961,488

Purchase of treasury shares(55)

Transfer of treasury sharesby Employee Stock
Ownership Plan

1,324

Change in ownership interestof parent due to transactions
with non-controlling interests

308

Net changes in items otherthan shareholders’ equity

1,629,514

29,239(106,810)

1,551,943(61)

98,8571,650,740

Total changes during period

1,629,514

29,239(106,810)

1,551,943(61)

98,857

4,199,728

Balance at end of period

4,488,856(39,385)(148,398)

4,301,073

147

1,834,298

36,529,090-5-

Fiscal year ended March 31, 2022
(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

1,873,136

Retained earnings

2,117,656

27,090,922

Cumulative effects of changes inaccounting policies
Restated balance

Total shareholders’equityTreasury shares(688,143)

32,3291,873,136

2,117,656

30,393,571
32,32927,123,251(688,143)

30,425,900

Changes during period
Dividends of surplus(1,305,300)(1,305,300)

Profit attributable to ownersof parent

4,517,735

4,517,735

Purchase of treasury shares

(285)

(285)

Purchase of treasury sharesby Employee Stock
Ownership Plan

(31,066)(31,066)

Transfer of treasury sharesby Employee Stock
Ownership Plan

19,75519,755

Change in ownership interestof parent due to transactions
with non-controlling interests

14,422

14,422

Decrease in retained earnings
from decrease in entities
accounted for using equity
method(117,279)

Net changes in items otherthan shareholders’ equity–

Total changes during period
Balance at end of period–(117,279)

–

–

–

–

14,422

3,095,155(11,596)

3,097,981

1,873,136

2,132,078

30,218,406(699,739)

33,523,882

Accumulated other comprehensive income
Valuation
Remeasurements
difference onof defined
available-forbenefit planssale securities
Balance at beginning of period

4,488,856(39,385)

Foreigncurrencytranslation
adjustment(148,398)

Total
accumulated Share acquisition Non-controlling Total net assets
rightsinterests
othercomprehensive
income4,301,073

147

1,834,298

Cumulative effects of changes inaccounting policies
Restated balance

36,529,090
32,3294,488,856(39,385)(148,398)

4,301,073

147

1,834,298

36,561,419

Changes during period
Dividends of surplus(1,305,300)

Profit attributable to ownersof parent

4,517,735

Purchase of treasury shares(285)

Purchase of treasury sharesby Employee Stock
Ownership Plan

(31,066)

Transfer of treasury sharesby Employee Stock
Ownership Plan

19,755

Change in ownership interestof parent due to transactions
with non-controlling interests

14,422

Decrease in retained earnings
from decrease in entities
accounted for using equity
method(117,279)

Net changes in items otherthan shareholders’ equity(168,442)

107,996

41,068

Total changes during period(168,442)

107,996

41,068(19,377)(36)

219,273

3,297,841

Balance at end of period

4,320,414

68,610(107,329)

4,281,695

111

2,053,571

39,859,260-6-(19,377)(36)

219,273

199,859(4) Consolidated statement of cash flows(Thousands of yen)
Fiscal year ended
March 31, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Loss (gain) on valuation of derivatives
Loss (gain) on valuation of investment securities
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for
directors (and other officers)
Interest and dividend income
Share of loss (profit) of entities accounted for using
equity method
Decrease (increase) in trade receivables
Decrease (increase) in investments in leases
Decrease (increase) in inventories
Decrease (increase) in advance payments to suppliers
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in advances received
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from redemption of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-7-

Fiscal year ended
March 31, 2022

5,924,979
64,252
278,475(23,120)72,888(28,256)

6,929,323
54,205
134,713––55,771(20,000)

30,000191,104
10,879167,566
27,302869

4,034(212,572)(232,577)(62,472)(33,273)(1,579,047)
332,212308,264(371,396)(11,666)(134,896)(95,795)
37,059(102,284)(64,607)4,514,867
221,662(2,144,620)
2,591,909(1,771,588)
264,158(489,793)(42,414)62,9301,684,346
942,999(119,629)
177,490
69,986
7,915,553
247,802(2,204,347)
5,959,007(511,652)
798,037(977)
1,585(37,195)(5,987)(506,428)––
3,989(258,628)(1,907,987)
1,907,680(30,079)
76,559(50,674)(2,190)(1,417,639)
85,664800,000–(538,666)(1,414,077)(30,432)(147)(1,444,658)(1,305,300)(29,618)(31,259)(1,366,179)(72,743)

36,800815,878
20,248,505
21,064,384

4,090,961
21,064,384
25,155,346

2. Non-consolidated financial statements(1) Non-consolidated balance sheet(Thousands of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade and contract assets
Electronically recorded monetary claims - operating
Investments in leases
Securities
MerchandiseWork in process
Advance payments to suppliers
Prepaid expenses
Loans receivable from subsidiaries and associates
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Total property, plant and equipment
Intangible assets
SoftwareTelephone subscription right
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital of subsidiaries andassociates
Long-term loans receivable from subsidiaries andassociates
Long-term prepaid expenses
Guarantee deposits
Membership
Total investments and other assets
Total non-current assets
Total assets-8-

As of March 31, 2022

15,066,167
15,616
9,541,947
548,431426,885
500,000
574,7262,974
1,850,634
28,08375,00022,33328,652,802

18,491,871
44,176
10,841,978
698,369
162,726–
971,450
97,984
1,907,290
25,576585,000
27,05933,853,483

28,958(5,680)23,27864,931(52,522)
12,409297,801(214,779)
83,022
3,435
122,145

28,958(6,470)22,48862,905(51,004)
11,900307,798(215,507)
92,291
3,435
130,115

10,5291,933
12,463

3,318
1,933
5,251

5,176,011
8,808,325

6,050,841
8,606,349

130,536

127,767

678,400

29,40010,163
247,420
50,402
15,101,260
15,235,868
43,888,670

6,983
183,737
56,16815,061,247
15,196,614
49,050,098

(Thousands of yen)
As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade
Accounts payable - otherAccrued consumption taxes
Accrued expenses
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits
Provision for share awards
Provision for share awards for directors (and otherofficers)
Long-term accounts payable - other
Deferred tax liabilities
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets-9-

As of March 31, 2022

6,758,010
235,318
252,106
184,384
789,594
911,029
32,882340,000

8,375,662
303,525
156,418
127,516
954,704
1,265,337
28,751350,000

90,000120,000

77,5939,670,920

77,434
11,759,349

2,465,799
224,669

2,626,766
251,972

65,66072,275127,042
579,0313,462,203
13,133,124

119,676
418,8703,489,560
15,248,910

1,873,136

1,873,136

1,980,536
92,4602,072,996

1,980,536
92,4602,072,996

95,19095,1909,000,000
13,913,454
23,008,644(688,087)
26,266,689

9,000,000
17,139,042
26,234,232(699,591)
29,480,773

4,488,856
4,488,856
30,755,546
43,888,670

4,320,414
4,320,414
33,801,187
49,050,098

(2) Non-consolidated statement of income(Thousands of yen)
Fiscal year ended
March 31, 2021
Net sales
Net sales of goods
Other sales
Total net sales
Cost of sales
Cost of goods soldBeginning merchandise inventory
Cost of purchased goods
Total
Ending merchandise inventory
Cost of goods sold
Other costs
Total cost of sales
Gross profit
Selling, general and administrative expenses
Packing and transportation costs
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit expenses
Provision for share awards
Provision for share awards for directors (and otherofficers)
Welfare expenses
Travel and transportation expenses
Depreciation
Rent expenses
Supplies expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit- 10 -

Fiscal year ended
March 31, 2022

14,741,833
19,197,024
33,938,857

16,026,089
20,808,268
36,834,357

902,053
11,290,452
12,192,505
574,726
11,617,779
14,388,713
26,006,492
7,932,364

574,726
13,239,010
13,813,737
971,450
12,842,286
15,358,262
28,200,549
8,633,808

9,668
153,840
2,011,769
227,71390,000165,768
9,055

6,361
153,840
1,958,514
219,333
120,000
130,921
24,249–9,563

353,86253,081
25,198268,01121,927437,4113,827,307
4,105,057

341,287
56,61823,481
243,756
47,571
434,595
3,770,096
4,863,711

28,363856,727
48,399933,490

29,495
1,223,190
38,5101,291,196––
5,038,547

3,532
3,532
6,151,375––

21,387
21,38772,88872,888
4,965,658
1,374,498(24,863)
1,349,635
3,616,023––
6,172,762
1,721,434(73,768)
1,647,665
4,525,097

(3) Non-consolidated statement of changes in equity
Fiscal year ended March 31, 2021
(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Total capital Legal retained
surplusearnings General reserve

Retainedearnings
brought
forward

Total retained
earnings

2,072,996

11,711,509

20,806,699

Dividends ofsurplus(1,414,077)(1,414,077)

Profit

3,616,023

3,616,023

Balance at beginning of
periodShare capital

Legal capitalsurplus

Other capitalsurplus1,873,136

1,980,536

92,46095,1909,000,000

Changes during period

Transfer of treasury
shares by Employee
Stock OwnershipPlan
Net changes in
items other thanshareholders’equity

–

–

–

–

–

–

–

–

Total changes during
period

–

–

–

–

–

–

2,201,945

2,201,945

1,873,136

1,980,536

92,4602,072,996

95,1909,000,000

13,913,454

23,008,644

Balance at end of
periodValuation and translation
adjustments

Shareholders’ equity

Balance at beginning of
periodTotal
shareholders’equityValuationdifference on
available-forsale securities

Total
valuation andtranslation
adjustments

Total net assets

Treasury shares(689,412)

24,063,419

2,859,342

2,859,342

26,922,762

Changes during period
Dividends ofsurplus(1,414,077)(1,414,077)

Profit

3,616,023

3,616,023

1,324

1,324

1,324

Net changes in
items other thanshareholders’equity––1,629,514

1,629,514

1,629,514

Total changes during
period1,324

2,203,270

1,629,514

1,629,514

3,832,784(688,087)

26,266,689

4,488,856

4,488,856

30,755,546

Transfer of treasury
shares by Employee
Stock Ownership
Plan

Balance at end of
period- 11 -

Fiscal year ended March 31, 2022
(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Total capital Legal retained
surplusearnings General reserve

Retainedearnings
brought
forward

Total retained
earnings

2,072,996

13,913,454

23,008,644

5,791

5,791

13,919,245

23,014,436

Dividends ofsurplus(1,305,300)(1,305,300)

Profit4,525,097

4,525,097

Balance at beginning of
periodShare capital

Legal capitalsurplus

Other capitalsurplus1,873,136

1,980,536

92,46095,1909,000,000

Cumulative effects ofchanges in accounting
policies
Restated balance

1,873,136

1,980,536

92,4602,072,996

95,1909,000,000

Changes during period

Purchase oftreasury shares
Purchase oftreasury shares by
Employee Stock
Ownership Plan
Transfer of treasury
shares by Employee
Stock OwnershipPlan
Net changes in
items other thanshareholders’ equity
Total changes during
periodBalance at end of
period

–

–

–

–

–

–

–

–

–

–

–

–

–

–

3,219,796

3,219,796

1,873,136

1,980,536

92,4602,072,996

95,1909,000,000

17,139,042

26,234,232

Valuation and translation
adjustments

Shareholders’ equity

Balance at beginning of
periodTotal
shareholders’equityValuationdifference on
available-forsale securities

Total
valuation andtranslation
adjustments

Total net assets

Treasury shares(688,087)

26,266,689

4,488,856

4,488,856

30,755,546

Cumulative effects ofchanges in accounting
policies
Restated balance

5,791(688,087)

26,272,481

5,791
4,488,856

4,488,856

30,761,338

Changes during period
Dividends ofsurplus(1,305,300)(1,305,300)

Profit4,525,097

4,525,097

Purchase oftreasury shares

(193)

(193)

(193)

Purchase oftreasury shares by
Employee Stock
Ownership Plan

(31,066)(31,066)(31,066)

Transfer of treasury
shares by Employee
Stock OwnershipPlan

19,75519,75519,755

Net changes in
items other thanshareholders’ equity––(168,442)(168,442)(168,442)

Total changes during
period(11,504)

3,208,291(168,442)(168,442)

3,039,849

Balance at end of
period(699,591)

29,480,773

4,320,414

4,320,414

33,801,187- 12 -