SUPPLEMENTAL NONCONSOLIDATED FINANCIAL DATACONTENTSNONCONSOLIDATED BALANCE SHEETS ............................................ 46
NONCONSOLIDATED STATEMENTS OF INCOME ............................... 48

SECOM CO., LTD. Annual Report 2001 45

NONCONSOLIDATED BALANCE SHEETSSECOM CO., LTD.
As of March 31
In millions of yen

ASSETS

2001

2000

1999

1998

1997

1996

Current assets:
Cash on hand and in banks .......................................................... ¥077,581
Notes receivable............................................................................
538
Due from subscribers ...................................................................
7,073
Accounts receivable, trade ...........................................................
5,089
Receivables—other .......................................................................
3,123
Marketable securities....................................................................
6,313
Common stock in treasury ...........................................................
3
Merchandise ..................................................................................
6,625
Supplies .........................................................................................
1,326
Prepaid expenses ..........................................................................
1,606
Deferred income taxes..................................................................
3,064
Short-term loans ...........................................................................
28,898Other current assets......................................................................
2,683
Allowance for doubtful accounts.................................................
(2,246)
Total current assets ............................................................... 141,676¥092,077
324
6,243
4,173
3,457
15,483
42
5,525
1,122
1,370
1,961
33,1894,275(137)
169,104¥093,901
459
5,564
3,238
1,243
25,888
119
4,805
948
1,241
—
29,031
1,513(146)
167,804¥ 83,462
392
5,218
3,409
1,003
31,151
25
3,642
967
1,084
—23,683
1,390(136)
155,290¥095,566
481
5,034
3,010
1,512
26,115
19
3,972
821
1,221
—
17,263
1,413(102)156,325¥097,630
436
4,111
3,636
1,603
20,250
13
2,939
726
570
—
17,0232,601(114)
151,424

Fixed assets:
Tangible assets:
Buildings and improvements ...................................................
Automobiles...............................................................................
Signal equipment on subscribers’ premises...........................
Control station signal equipment.............................................
Machinery and equipment........................................................
Tools, furniture and fixtures .....................................................
Land ............................................................................................
Construction in progress ..........................................................
Other...........................................................................................

23,007680
51,876
18,635
4,105
3,317
37,8382,327
1623,697579
47,15818,6672,907
2,335
35,153
1,616
18

24,295
737
44,244
18,442
1,509
2,167
34,9971,693
1923,617815
36,57919,1601,535
2,167
34,5251,630
1121,247925
32,637
21,2591,584
2,269
27,297
1,459
12

22,148816
30,97422,0301,121
2,087
27,3431,577
14Intangible assets:
Telephone rights and other ......................................................
Telephone and telegraph utility rights ....................................
Software .....................................................................................

4,702
804
11,423

6,518
1,157
3,314

4,533
1,976
—

4,458
2,957
—

4,141
4,047
—

3,891
5,220
—

10,706

12,519

5,535

5,674

5,655

129,771
2,636
6,803
1,540
1,632
9,429
(13)
305,623¥474,727

112,714
3,112
6,890
9,437
—
6,671
(14)
285,941¥453,745

105,145
2,951
6,494
7,292
—
4,177
(30)
259,018¥414,308

99,603
3,238
6,572
6,820
—
4,232
(33)
242,983¥399,308

91,223
896
6,570
7,265
—
3,854
(6)
232,678¥384,102

Investments and other:
Investment securities ................................................................
27,285Investments in subsidiaries andaffiliated companies ................................................................ 145,227
Long-term loans receivable ......................................................
11,242
Lease deposits ...........................................................................
8,698
Long-term prepaid expenses....................................................
1,263
Deferred income taxes ..............................................................
—
Other investments .....................................................................
11,423
Allowance for doubtful accounts .............................................
(1,205)
Total fixed assets ................................................................... 362,663
Total assets ............................................................................ ¥504,339

46 SECOM CO., LTD. Annual Report 2001

In millions of yen

LIABILITIES AND SHAREHOLDERS’ EQUITY

2001

Current liabilities:
Accounts payable.......................................................................... ¥ 1,908
Bank loans .....................................................................................
20,157
Current portion of long-term debt ...............................................
—Payables—other ............................................................................
10,722
Accrued expenses .........................................................................
5,714
Deposits received..........................................................................
15,682
Deferred revenue—service charges ............................................
19,583
Income taxes payable ...................................................................
13,904
Payables—construction ................................................................
4,328Other current liabilities .................................................................
2,438
Total current liabilities...........................................................
94,436

Fixed liabilities:
Long-term debt..............................................................................
Guarantee deposits received .......................................................
Deferred tax liabilities...................................................................
Accrued severance indemnities...................................................
Accrued pension and severance costs ........................................
Other fixed liabilities.....................................................................
Total fixed liabilities...............................................................
Total liabilities ........................................................................

2000

¥

1999

1,683
23,455
—
7,590
5,484
18,785
19,255
9,858
4,123
3,331
93,564¥

1,671
21,058
5
6,707
5,356
25,44018,735
13,771
3,173
2,211
98,127518
15,785
581
—
1,999
120
19,003
113,439578
15,047—369——
15,994
109,558

1,347
14,607—378—
557
16,889115,016

1998

¥

1,256
10,193
394
5,640
6,248
17,54818,087
14,8083,326
4,157
81,657

1997

¥

1996

1,032
20,884
—
5,018
5,621
16,081
16,64013,9183,474
1,787
84,455¥

1,273
21,137
14,296
4,029
5,545
17,165
15,53013,3313,188
1,906
97,4001,724
14,194—397——
16,31597,972

2,266
12,821—409——
15,49699,951

2,850
11,480—424——
14,754112,154

Shareholders’ equity:
Common stock ..............................................................................
Statutory reserve:
Additional paid-in capital..........................................................
Legal reserve..............................................................................
Total statutory reserve ..........................................................

66,12766,09765,71065,32765,25359,86582,303
8,077
90,38082,273
7,127
89,40081,782
6,294
88,076

78,1105,521
83,631

78,036
4,805
82,841

72,6504,216
76,866

Voluntary reserve:
Reserve for systems development...........................................
Reserve for tax deferral on assets replacement .....................
General reserve .........................................................................
Total voluntary reserve .........................................................

800
30
2,212
3,042

800
31
2,212
3,043

800
56
2,212
3,068

800
58
2,212
3,070

800
602,2123,072

800
622,212
3,074

Unappropriated earned surplus................................................... 226,776
Net unrealized gain in debt and equity securities ......................
4,575
Total shareholders’ equity .................................................... 390,900
Total liabilities and shareholders’ equity ............................ ¥504,339

206,629—
365,169¥474,727

181,875—
338,729¥453,745

164,308—
316,336¥414,308

148,191—
299,357¥399,308

132,143—
271,948¥384,102

SECOM CO., LTD. Annual Report 2001 47

NONCONSOLIDATED STATEMENTS OF INCOME

SECOM CO., LTD.
Years ended March 31
In millions of yen
2001

2000

1999

1998

1997

1996

Revenue: ........................................................................................ ¥257,009
Percent change from prior year............................................
6.0%
Service charges ......................................................................... 230,723
Percent change from prior year............................................
5.4
Sales of merchandise................................................................
26,286Percent change from prior year............................................
11.9¥242,462
4.7%
218,978
4.2
23,48410.4¥231,505
4.0%
210,239
4.1
21,266
3.2¥222,541
4.5%
201,929
5.5
20,612(3.8)¥212,887
6.4%
191,465
6.4
21,4225.7¥200,165
7.3%
179,902
4.9
20,263
34.2

Costs: .............................................................................................
As a percent of revenue ........................................................
Cost of service ...........................................................................
As a percent of service charges............................................
Cost of sales...............................................................................
As a percent of merchandise sales.......................................

141,31055.0
122,457
53.1
18,85371.7130,586
53.9
113,81652.0
16,77071.4

123,18053.2
108,34951.5
14,831
69.7

117,801
52.9
103,887
51.4
13,914
67.5

113,495
53.3
98,381
51.4
15,114
70.6

105,153
52.5
91,15750.7
13,996
69.1

Gross profit:...................................................................................
As a percent of revenue ........................................................
Gross profit on service..............................................................
As a percent of service charges............................................
Gross profit on sales .................................................................
As a percent of merchandise sales.......................................

115,69945.0
108,266
46.9
7,433
28.3

111,87646.1
105,162
48.0
6,714
28.6

108,32546.8
101,890
48.5
6,435
30.3

104,74047.1
98,042
48.6
6,698
32.5

99,392
46.7
93,084
48.6
6,308
29.4

95,01247.5
88,745
49.3
6,267
30.9

Selling, general and administrative expenses............................
As a percent of revenue ........................................................

62,48524.3

60,21224.8

58,186
25.1

61,572
27.7

58,627
27.6

57,115
28.6

Operating profit.............................................................................
As a percent of revenue ........................................................

53,214
20.7

51,66421.3

50,13921.7

43,16819.4

40,76519.1

37,897
18.9

Other income (expenses)
Interest dividends ......................................................................
Interest expense ........................................................................
Other expense............................................................................

7,212
(269)
(6,918)5,210(15)(4,822)5,198(18)(4,804)4,230(36)(3,887)

3,731
(101)
(3,091)

3,653
(606)
(2,215)

Ordinary profit...............................................................................
As a percent of revenue ........................................................

53,23920.7

52,03721.5

50,51521.8

43,47519.5

41,30419.4

38,72919.3

Extraordinary profit.......................................................................

23,247

5,427

12,073——

7,036

Extraordinary loss .........................................................................

(24,570)(5,810)(12,168)——(7,040)

Income before income taxes........................................................
As a percent of revenue ........................................................

51,91620.251,654
21.3

50,42021.8

43,47519.5

41,30419.4

38,725
19.3

Provision for income taxes...........................................................
Effective tax rate ....................................................................

21,32041.1

21,382
41.4

24,34348.3

19,49144.8

18,77345.5

17,71045.7

Net income ....................................................................................
As a percent of revenue ........................................................
Percent change from prior year............................................

30,59611.9
1.1

30,272
12.5
16.1

26,07711.3
8.7

23,98410.8
6.4

22,531
10.67.2

21,01510.5
8.9

48 SECOM CO., LTD. Annual Report 2001