DAIICHIKOSHO

CO.,

LTD.

FY2013, the year ended March 31, 2014

Flash Report on the Consolidated Results for the Year Ended March 31, 2014
[JGAAP]May 12, 2014

Company Name:
Stock Exchange Listing:Code Number:
URL:
Representative:
Contact:

DAIICHIKOSHO CO., LTD.
Tokyo Stock Exchange, JASDAQ
7458
http://www.dkkaraoke.co.jp
Saburo Hayashi, President
Shigeki Kobayashi,
Corporate Officer; and General Manager, Accounting Department
Phone:+81-3-3280-2151
Date of the Ordinary General Meeting of Shareholders: June 20, 2014
Start Date for Dividend Payment:
June 23, 2014
Scheduled Date to Submit the Securities Report:
June 24, 2014
Availability of Supplementary Briefing Material on Financial Results: Available
Schedule of Financial Results Briefing Session: None
(Amounts below one million yen are truncated.)

1. Consolidated Performance for the Year Ended March 31, 2014 (From April 1, 2013, to March 31,
2014)(1) Consolidated operating results(Percentage figures indicate increase/decrease from a year earlier.)
Net sales
Millions of yen

Year ended March 31, 2014
Year ended March 31, 2013

130,587
128,901

Operating income
Ordinary income% Millions of yen% Millions of yen%
1.3
19,1394.0
21,227(4.7)
1.3
18,395(2.0)
22,2808.5

Net income

Net income per share

Millions of yen%
Year ended March 31, 201413,084
2.1
Year ended March 31, 201312,81919.9(Note) Comprehensive income:Year ended March 31, 2014: 10,862 million yen (31.4)%
Year ended March 31, 2013: 15,839 million yen 38.3%

Return on equity

Yen
219.68209.06

Ordinary income to total
assets%%Year ended March 31, 2014
13.1
13.2
Year ended March 31, 2013
13.3
14.8
(Reference) Equity in net income of unconsolidated subsidiaries and affiliates:
Year ended March 31, 2014: 0 million yen
Year ended March 31, 2013: 0 million yen

1

Fully diluted net income
per share
Yen――

Operating income to net
sales
%
14.7
14.3

DAIICHIKOSHO

CO.,

LTD.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Year ended March 31, 2014
161,587
102,268
Year ended March 31, 2013
159,479
100,315(Reference) Shareholders’ equity:Year ended March 31, 2014: 101,114 million yen
Year ended March 31, 2013: 99,258 million yen

Equity ratio
%
62.6
62.2

Net assets per share
Yen
1,736.70
1,662.00(3) Consolidated cash flows

Year ended March 31, 2014
Year ended March 31, 2013

Net cash providedby (used in)operating activities

Net cash providedby (used in)investing activities

Net cash providedby (used in)financing activities

Cash and cash
equivalents at theend of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

27,29824,482(15,415)(18,553)(9,458)(989)

44,381
41,963First Quarter――

Second Quarter
Yen
25.00
30.00

―

30.00

2. DividendYear ended March 31, 2013
Year ended March 31, 2014
Year ending March 31,
2015 (forecast)Aggregate amount ofdividend (total)

Annual dividend
Third Quarter

―

35.00

Payout ratio (consolidated)

Millions of yen

Year ended March 31, 2013
Year ended March 31, 2014
Year ending March 31,
2015 (forecast)――Year-end
Yen
35.00
35.00

%
28.7
29.6

3,635
3,829

Total
Yen
60.00
65.00
65.00

Ratio of dividends to net
assets (consolidated)
%
3.8
3.8

31.0

3. Forecast Consolidated Performance for FY2014, the Year Ending March 31, 2015 (From April 1,
2014, to March 31, 2015)
Net sales
Millions of yen

Six months ending
September 30, 2014
Year ending March 31,
2015 (full year)(Percentage figures indicate increase/decrease from a year earlier.)
Operating income
Ordinary income
MillionsofyenMillionsof yen%%%65,400

0.7

9,200

(8.8)

10,100(7.0)

134,000

2.6

19,5001.9

21,3000.3

Net income
Six months ending
September 30, 2014
Year ending March 31,
2015 (full year)

Net income per share
Yen

Millions of yen

%

5,900

(4.3)

101.34

12,200(6.8)

209.54

2

DAIICHIKOSHO

CO.,

LTD.

*Notes(1) Significant changes in subsidiaries during the period under review (changes to specific subsidiaries resulting fromchanges in scope of consolidation): None
Newly consolidated:－(Company name: － )Eliminated from the scope of consolidation:－(Company name: － )(2) Changes in accounting standard, accounting estimation change and error correction
1) Changes due to changes in accounting standard: Yes
2) Changes due to changes in accounting standard except (2) 1): None
3) Changes due to accounting estimation change: None
4) Error correction: None
(3) Number of common shares issued
1) Number of shares issued
As of58,225,000 As of
59,725,000(including treasury shares)
March 31, 2014
shares March 31, 2013
shares2) Number of treasury shares
As of
2,714 As of
2,714
3) Average number of shares
March 31, 2014
shares March 31, 2013
Sharesduring the period
Year ended
59,560,920 Year ended
61,318,793
March 31, 2014
shares March 31, 2013
shares(Reference) Outline of Nonconsolidated Financial Results
1. Nonconsolidated Performance for the Year Ended March 31, 2014 (From April 1, 2013, to March
31, 2014)(1) Nonconsolidated operating results
Net sales
Millions of yen

Year ended March 31, 2014
Year ended March 31, 2013

92,60590,934(Percentage figures indicate increase/decrease from a year earlier.)
Operating income
Ordinary income% Millions of yen% Millions of yen%
1.8
13,4099.3
15,695(5.9)
5.4
12,266
7.1
16,67230.5

Net income
Millions of yen

Year ended March 31, 2014
Year ended March 31, 2013

10,532
10,130Net income per share
%
4.0
57.3

Yen
176.83165.20Fully diluted net income
per shareYen——(2) Nonconsolidated financial position
Total assets
Millions of yen

Net assets
Millions of yen

Year ended March 31, 2014
115,021
Year ended March 31, 2013
116,095(Reference) Shareholders’ equity:Year ended March 31, 2014: 64,640 million yen
Year ended March 31, 2013: 64,886 million yen

64,64064,886Equity ratio
%
56.2
55.9

Net assets per share
Yen
1,110.23
1,086.46* Presentation regarding the implementation status of the audit procedure:This flash report on the consolidated results is not covered by the audit procedure stipulated in the Financial
Instruments and Exchange Act. At the time of the publication of this report, the audit procedure for consolidated
financial statements is being implemented.
* Explanation for the appropriate use of performance forecasts and other special notes:
The statements regarding forecast of financial results in this report are based on the information that is available, as
well as estimates, assumptions and projections that are believed to be reasonable at the time of publication.
Therefore, there might be cases in which actual results greatly differ from forecast values.

3

DAIICHIKOSHO

CO.,

LTD.

(Attachment)

Corporate GroupThe Daiichikosho Group (“DKG”) consists of Daiichikosho Co., Ltd. (“DK” or “the company”), 39
consolidated subsidiaries. The major group companies engage in sales and rental of commercial-use
karaoke equipment, supply of sound source and video content for communication karaoke, operationof karaoke cabins and restaurants, and production and sales of music and video software products.
Business segment

Business line

Commercial
karaoke

Sales and rental of commercial-use
karaoke equipment and supply ofsound source and video content forcommunication karaoke

Karaoke cabin
and restaurant

Operation of karaoke cabins andrestaurants

Music software

Production and sales of music andvideo software products

Other

Background music (BGM)broadcasting, supply of content
services via mobile phone and realestate lease and rental, etc.

4

Domestic

Overseas

Daiichikosho Co., Ltd.,
Hokkaido Daiichikosho Co., Ltd.,
Tohoku Daiichikosho Co., Ltd.,
Taito Daiichikosho Co., Ltd.,
Niigata Daiichikosho Co., Ltd.,
Tokai Daiichikosho Co., Ltd.,
Daiichikosho Kinki Co., Ltd.,
Kyushu Daiichikosho Co., Ltd.,and 19 other subsidiaries
Daiichikosho Co., Ltd.,
Nippon Crown Co., Ltd.,
Tokuma Japan Communications Co.,Ltd.,
CROWN TOKUMA music
distribution Co., Ltd.,
Union Eiga Co., Ltd.,and 4 other subsidiaries
Daiichikosho Co., Ltd.,DK Finance Co., Ltd.,and Maruhagi Yoshu Kogyo Co., Ltd.

DK KOREA
Co., Ltd.,
Daiichikosho(Shanghai), Ltd.,and 1 othersubsidiary

DAIICHIKOSHO

CO.,

LTD.

The following diagram schematically shows the relationships of the respective group companies and businesses.

(Overseas subsidiaries)(Domestic sales subsidiaries)

DAIICHIKOSHO CO., LTD. (Reporting company)

Domestic users(Intermediary services related to
installment sales and loans for
DK and group companies)
DK Finance Co., Ltd.
(Operation of karaoke cabins)
ADVAN CO., LTD.*GOLD CO., LTD. *(Production and sales of music
software products)
Nippon Crown Co., Ltd.
Tokuma Japan Communications
Co., Ltd.
CROWN TOKUMA music
distribution Co., Ltd.
Tri-M, Inc.
DK Music Publishing Co., Ltd.
Union TV & Motion Picture Co.,Ltd.
Crown Music Enterprise Co.
Zoom RepublicOverseas users

DK KOREA Co., Ltd.
Daiichikosho (Shanghai), Ltd.
DAIICHI KOSHO (SHANGHAI)
TRADE CO., LTD.

Hokkaido Daiichikosho Co., Ltd.
Tohoku Daiichikosho Co., Ltd.
Niigata Daiichikosho Co., Ltd.
Kyushu Daiichikosho Co., Ltd.
Taito Daiichikosho Co., Ltd.
Tokai Daiichikosho Co., Ltd.
Daiichikosho Kinki Co., Ltd.
17 other companies(Production and sale of fruitwines)
Maruhagi Yoshu Kogyo Co., Ltd.

Sales and rentals of merchandise and products

Operation of karaoke cabins and restaurants

Provision of services

Note: * As Daiichikosho Co., Ltd. acquired all the shares of Advan Co., Ltd. Gold Co., Ltd. in February 2014, they have been includedin the scope of consolidation.

5

DAIICHIKOSHO

CO.,

LTD.

Consolidated Financial Statements(1) Consolidated Balance Sheets
FY2012(As of March 31, 2013)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Inventories
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Karaoke equipment for rental
Accumulated depreciation
Karaoke equipment for rental, net
Karaoke cabin and restaurant facilities
Accumulated depreciation
Karaoke cabin and restaurant facilities, 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
Long-term loans receivable
Deferred tax assets
Lease and guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6(Millions of yen)
FY2013(As of March 31, 2014)

41,248
8,337
1,072
6,178
1,422
4,240
(134)
62,36544,223
6,403
426
7,000
1,405
4,401
(131)
63,72913,097(8,270)4,826
32,811(25,212)
7,598
36,125(20,874)
15,251
24,497
7,880(5,571)
2,308
54,484

12,801(8,144)
4,656
34,895(26,605)
8,289
38,537(22,832)
15,70526,095
5,690(4,758)931
55,679

405
5,956
6,361

1,675
6,016
7,691

18,998813
2,148
13,0601,394(146)
36,268
97,113
159,479

14,621
741
4,052
13,752
1,439(121)
34,48697,857
161,587DAIICHIKOSHO

CO.,

LTD.

(Millions of yen)

FY2012(As of March 31, 2013)
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Accounts payable - other
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

7

FY2013(As of March 31, 2014)

4,540
4,836
8,815
4,524
1,063
3,603
27,384

4,492
4,501
7,340
5,375
1,103
3,834
26,647

10,00014,151
62
3,683
2,088
－
1,794
31,78059,16410,00013,367
66
－
2,296
5,075
1,865
32,67059,31812,3506,026
78,119(5)
96,49012,3504,001
84,926(7)
101,270

3,646
(777)

1,172
(777)

(100)

51

－
2,768
1,056
100,315
159,479

(602)
(156)
1,153
102,268
161,587DAIICHIKOSHO

CO.,

LTD.

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)(Millions of yen)

FY2012(From April 1, 2012, toMarch 31, 2013)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Promotion expenses
Packing and freight expenses
Directors' compensations
Provision for directors' retirement benefits
Salaries and bonuses
Provision for bonuses
Retirement benefit expenses
Rent expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Cooperative monetary aid received
Compensation income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Other
Total extraordinary losses
Income before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

8

FY2013(From April 1, 2013, to
March 31, 2014)

128,901
75,88453,016

130,587
76,80053,787

2,617
2,150
1,040
1,648
369
13,473
842
494
1,261
794
9,926
34,62018,395

2,680
1,870
1,017
1,668
310
13,705
879
556
1,301
737
9,921
34,648
19,139

717
490
13
2,471
740
4,433

1,005
512
283
－
996
2,798

295
－
252
548
22,280

290
204
215
710
21,227

50
92
142

31
2,126
2,157

569
359
－
928
21,495
8,604
(9)
8,594
12,90081
12,819

546
362
10
918
22,466
9,444
(162)
9,281
13,184100
13,084DAIICHIKOSHO

CO.,

LTD.

(Consolidated Statements of Comprehensive Income)(Millions of yen)

FY2012(From April 1, 2012, toMarch 31, 2013)
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Minority interests

9

FY2013(From April 1, 2013, to
March 31, 2014)

12,90013,184

2,852
86
2,939
15,839(2,474)151(2,322)
10,862

15,75881

10,762100

DAIICHIKOSHO

CO.,

LTD.

(3) Consolidated Statements of Changes in Net Assets
FY2012 (from April 1, 2012 to March 31, 2013)(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

12,35012,905Retained earnings

Treasury shares

Total shareholders'equity68,730(989)

92,996

Changes of items during period
Dividends of surplus(3,429)(3,429)Net income

12,81912,819Purchase of treasury shares
Retirement of treasury
shares(6,879)(5,895)(5,895)

6,879－

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period－(6,879)

9,389

983

3,493

12,3506,026

78,119(5)

96,490

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities

Balance at beginning of current
period793

Revaluation
reserve for
land

(777)

Total

Foreigncurrencytranslation
adjustment

Remeasurementsof defined benefit
plans

accumulated

Minority
interests

Total net
assets97893,804othercomprehensive
income

(186)

－

(170)

Changes of items during period
Dividends of surplus(3,429)Net income

12,819Purchase of treasury shares(5,895)Retirement of treasury
shares－Net changes of items otherthan shareholders' equity

2,852

－

86

－

2,939

78

3,017

Total changes of items during
period

2,852

－

86

－

2,939

78

6,510

Balance at end of current
period

3,646

(777)

(100)

－

2,768

1,056

100,315

10DAIICHIKOSHO

CO.,

LTD.

FY2013 (from April 1, 2013 to March 31, 2014)(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

12,350

6,026

Retained earnings

Treasury shares

Total shareholders'equity78,119(5)

96,490Changes of items during period
Dividends of surplus(3,881)(3,881)

Net income

13,08413,084Purchase of treasury shares
Retirement of treasury
shares(4,422)(4,422)(2,024)(2,394)

4,419

－

－

(2,024)

6,807

(2)

4,780

12,3504,001

84,926(7)

101,270

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
periodAccumulated other comprehensive income
Valuationdifference on
available-forsale securities

Balance at beginning of current
period

3,646

Total

Foreigncurrencytranslation
adjustment

Revaluation
reserve for
land

(777)

Remeasurementsof defined benefit
plans

accumulated

Minority
interests

Total net
assetsothercomprehensive
income

(100)

－

2,768

1,056

100,315

Changes of items during period
Dividends of surplus(3,881)

Net income

13,084Purchase of treasury shares(4,422)Retirement of treasury
shares－Net changes of items otherthan shareholders' equity(2,474)

－

151

(602)

(2,924)97(2,827)

Total changes of items during
period(2,474)

－

151

(602)

(2,924)97

1,953

Balance at end of current
period

1,172

(777)

51

(602)

(156)

1,153

102,268

11

DAIICHIKOSHO

CO.,

LTD.

(4) Consolidated Statements of Cash Flows(Millions of yen)

FY2012(From April 1, 2012, toMarch 31, 2013)
Cash flows from operating activities
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for directors' retirement
benefits
Interest and dividend income
Interest expenses
Loss (gain) on sales of non-current securities
Loss (gain) on disposal of non-current assets
Foreign exchange losses (gains)
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Transfer of cost of sales on karaoke equipment for rental
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Increase in time and saving deposits
Proceeds from decrease in time and saving deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for acquisition of video licenses
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries resulting in charge inscope of consolidation
Payments of loans receivableCollection of loans receivable
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Other, net
Net cash provided by (used in) investing activities

12

FY2013(From April 1, 2013, to
March 31, 2014)

21,495
13,321359(102)

22,466
13,378
362
(27)

(132)

207

(805)
295
(92)
518
(2,576)(1,151)290(2,118)514
119(1,286)

1,970(1,018)
307
1,184
956
1,075
33,500796(298)(9,516)24,482

(808)
335
(88)
(1,206)679
34,923
1,149(287)(8,487)
27,298(236)
194(12,158)251(3,818)(1,700)
(789)

(89)
182
(10,974)
246(3,498)(1,761)(9,358)93

11,989－(1,629)(412)
828(1,039)507(273)(18,553)(757)
782(1,279)655
76(15,415)DAIICHIKOSHO

CO.,

LTD.

(Millions of yen)

FY2012(From April 1, 2012, toMarch 31, 2013)
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Cash dividends paid
Purchase of treasury shares
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

13

5
2,796
(4,372)
9,946(3,430)(5,895)
(39)
(989)
2,656
7,596
34,36741,963

FY2013(From April 1, 2013, to
March 31, 2014)
(30)
2,390
(3,478)－(3,883)(4,422)(34)(9,458)(5)
2,418
41,96344,381DAIICHIKOSHO

CO.,

LTD.

(5) Notes to the Consolidated Financial Statements(Changes in Accounting Policies)(Application of Accounting Standard for Retirement Benefits)
The Company has applied Accounting Standard for Retirement Benefits (Accounting Standards Boardof Japan (ASBJ) Statement No. 26, May 17, 2012, “the Retirement Benefits Accounting Standard”)
and Guidance on Accounting Standard for Retirement Benefits (ASBJ Guidance No. 25, May 17, 2012,“the Retirement Benefits Guidance”) from the current fiscal year end, with the exception of theprovisions in the main text of paragraph 35 of the Retirement Benefits Accounting Standard and themain text of paragraph 67 of the Retirement Benefits Accounting Standard Application Guidance.
Under the new standard, the Company has changed the method of accounting for retirement benefit
obligation, and recognized the previously unrecognized actuarial gains and losses and unrecognized
past service cost in net defined benefit liability.
With regard to the application of retirement benefit accounting standards, etc., the amountaccompanying the relevant changes has been reconciled in remeasurements of defined benefit plans inaccumulated other comprehensive income at the current fiscal year end in accordance with the interim
treatment provided for in paragraph 37 of the Retirement Benefits Accounting Standard.
As a result, the Company recorded 5,075 million yen as net defined benefit liability while
accumulated other comprehensive income fell by 602 million yen at the current fiscal year end.
Net assets per share fell 10.34 yen.

14

DAIICHIKOSHO

CO.,

LTD.

(6) Segment Information
FY2012 (From April 1, 2012, to March 31, 2013)
Commercial
karaoke
Sales
Sales to third parties
Intersegment sales
and transfers
Total
Segment income(Operating income)
Other items
Depreciation andamortization
Amortization of
goodwill

Reportable segments
KaraokeMusiccabin andsoftwarerestaurant

Other

Total

Subtotal(Millions of yen)Amount on
Adjusted
consolidated
amountstatements of(Note)
income64,98545,641

10,654

121,280

7,620

128,901－

128,901

－

－

－

－

－

－

－

－

64,98545,641

10,654

121,280

7,620

128,901－

128,901

12,050

6,852

1,269

20,171

1,241

21,413(3,017)

18,395

8,327

2,915

42

11,285379

11,66525

11,691

0

147

－

147

－

147

－

147

Note: The (3,017) million yen adjustment posted to segment income is primarily composed of general and administrative
expenses incurred by the administrative department at the head office that are not attributable to any particular
reportable segment.

FY2013 (From April 1, 2013 to March 31, 2014)
Commercial
karaoke
Sales
Sales to third parties
Intersegment sales
and transfers
Total
Segment income(Operating income)
Other items
Depreciation andamortization
Amortization of
goodwill

Reportable segments
KaraokeMusiccabin andsoftwarerestaurant

Other

Total

Subtotal(Millions of yen)Amount on
Adjusted
consolidated
amountstatements of(Note)
income66,04747,086

10,463

123,5986,989

130,587－

130,587

－

－

－

－

－

－

－

－

66,04747,086

10,463

123,5986,989

130,587－

130,587

13,155

6,591

966

20,712

1,303

22,015(2,875)

19,139

8,336

2,931

51

11,320320

11,641

17

11,658

2

152

－

155

－

155

－

155

Note: The (2,875) million yen adjustment posted to segment income is primarily composed of general and administrative
expenses incurred by the administrative department at the head office that are not attributable to any particular
reportable segment.

15