Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended September 30, 2022
(Based on Japanese GAAP)
November 14, 2022
Company name:

KONAKA CO.,LTD.

Stock exchange listing: Tokyo
Stock code:
7494
Representative:

Inquiries:

URL

https://www.konaka.co.jp

Representative Director, President and CEOGroup Representative
Senior Managing Executive Officer, CFO,
General Manager of Administration

Kensuke Konaka

Makoto Okumura

Headquarters
Scheduled date of ordinary general meeting of shareholders:

December 22, 2022

Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

December 22, 2022
December 23, 2022

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

TEL

045(825)7700(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)(1) Consolidated operating results
Net sales
Millions of yen
63,17458,584

Year ended September 30, 2022
Year ended September 30, 2021
Note: Comprehensive income

Operating profit
%
–
22.5

Millions of yen(3,255)(7,825)%––Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen%(2,193)–(3,231)–(6,516)–(1,938)–Year ended September 30, 2022¥(4,694) million [–%]

Year ended September 30, 2021¥(6,671) million [–%]

Earnings per share

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetssales
parent/equity
Yen
%
%
%
–
(15.2)
(3.9)
(5.2)
–
(7.5)
(10.2)(13.4)

Diluted earnings per
share

Yen
(110.99)(66.56)

Year ended September 30, 2022
Year ended September 30, 2021

Reference: Share of profit (loss) of entities accounted for using equity method
Year ended September 30, 2022
Year ended September 30, 2021¥– million¥– million

Note: The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant
ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year ended September 30, 2022, is the figure
after applying the accounting standard and relevant ASBJ regulations.
(2) Consolidated financial position
Total assets
As of September 30, 2022
As of September 30, 2021
Reference: Equity

Net assets

Millions of yen
54,307
58,835

As of September 30, 2022

Millions of yen
19,79725,051Equity ratio

Net assets per share
%
35.2
39.7

Yen
657.10801.70¥19,131 million

As of September 30, 2021
¥23,342 million
Note: The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant
ASBJ regulations from the beginning of the current fiscal year, and each figure as of September 30, 2022, is the figure after applying theaccounting standard and relevant ASBJ regulations.

1(3) Consolidated cash flows
Cash flows fromoperating activities
Millions of yen
1,644(3,284)

Year ended September 30, 2022
Year ended September 30, 2021

Cash flows frominvesting activities
Millions of yen
(567)
5,400

Cash and cash equivalents
Cash flows fromat end of period
financing activities
Millions of yen
Millions of yen
(844)
6,547
(2,023)6,237

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–
–

10.00
10.00

–
–

10.00
10.00

20.00
20.00

582
582

–
–

0.4
0.5

–

10.00

–

10.00

20.00

Year ended September 30, 2021
Year ended September 30, 2022
Year ending September 30, 2023
(Forecast)

122.0

3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)
Net sales
Millions of yen
Six months ending
March 31, 2023
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

39,185

14.0

1,448

–

2,014

–

1,500

–

51.54

72,011

14.0

531

–

1,213

–

477

–

16.40

4. Notes(1) Changes in significant subsidiaries during the year ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

31,146,685 shares As of September 30, 2021

31,146,685 shares

Number of treasury shares at the end of the period
As of September 30, 2022

2,031,282 shares As of September 30, 2021

2,030,693 shares

29,115,691 shares Year ended September 30, 2021

29,116,249 shares

Average number of shares during the period
Year ended September 30, 20222

Reference: Summary of non-consolidated financial results
1. Non-consolidated financial results for the year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net salesYear ended September 30, 2022
Year ended September 30, 2021

Millions of yen
33,937
28,698Operating profit% Millions of yen–(1,417)(1.4)(4,552)

Ordinary profit%––

ProfitMillions of yen(636)(3,158)%––Millions of yen(1,809)645%––

Diluted earnings per
share
Yen
Yen
(62.16)–
22.15–

Earnings per share
Year ended September 30, 2022
Year ended September 30, 2021
(2) Non-consolidated financial position
Total assets
As of September 30, 2022
As of September 30, 2021
Reference: Equity

Net assets

Millions of yen
41,404
41,847

Equity ratio

Millions of yen
23,411
25,994As of September 30, 2022

¥23,411 million

As of September 30, 2021

¥25,994 million

Net assets per share
%
56.5
62.1

Yen
804.10892.802. Forecast of non-consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
March 31, 2023
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%

Yen

22,876

19.8

1,460

652.6

1,955

152.3

1,594

–

54.75

54.75

16.5

354

–

1,040

–

575

–

19.77

* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters(Notes regarding forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize suchstatements. Actual performance and other results may differ materially due to various factors.
(Financial results briefing materials)
The Company plans to hold a financial results briefing for institutional investors and securities analysts. The materials, etc. distributed at thebriefing will be posted on the Company’s website immediately after the briefing.

3

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of September 30, 2021

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

6,339
2,092

6,744
2,532

Merchandise and finished goods
Work in process

17,9270

15,4991

Raw materials and supplies
Other

320
1,493

286
1,469

Allowance for doubtful accounts

(5)

(0)

28,167

26,53327,38325,921

Accumulated depreciation(22,563)(22,078)

Buildings and structures, net

4,819

3,842

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

429

437

Accumulated depreciation

(408)

(418)

20

18

Tools, furniture and fixtures

Machinery, equipment and vehicles, net

8,417

8,265

Accumulated depreciation(8,046)(7,991)370

274

10,488

10,409

193
(148)

81
(46)

44

35

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress

11

27

15,755

14,607

1,240
26

1,090
13

414

314

1,681

1,418

Investment securities
Long-term loans receivable

3,530
750

2,932
659

Leasehold and guarantee deposits
Retirement benefit asset

8,248
467

7,638
399

Other
Allowance for doubtful accounts

266
(31)

158
(42)

Total investments and other assets

13,231

11,74630,66827,773

58,83554,307

Total property, plant and equipment
Intangible assets
Trademark rightTelephone subscription right
Other
Total intangible assets
Investments and other assets

Total non-current assets
Total assets

4

(Millions of yen)
As of September 30, 2021

As of September 30, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade

1,453

1,641

1,531
13,0902,045
13,562

728
309

658
141

2,339
461

2,772
422

Accrued consumption taxes
Contract liabilities

210
–

569
994

Provision for bonuses
Other

499
818

420
396

Total current liabilities

21,441

23,625

Non-current liabilities
Long-term borrowings

8,406

7,738

46
1,622

56
1,453

619

606

Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable

Long-term accounts payable - other
Deferred tax liabilities
Retirement benefit liability
Provision for retirement benefits for directors (and otherofficers)
Provision for point card certificates

31

–

642

37

Long-term guarantee deposits
Other

655
318

668
323

Total non-current liabilities

12,342

10,88533,78434,510Total liabilities
Net assets
Shareholders' equity
Share capital

5,305

5,305

Capital surplus
Retained earnings

13,253
6,349

13,253
2,553

Treasury shares(3,342)(3,342)

Total shareholders' equity

21,565

17,770

1,698
47

1,481
(46)

30

(73)

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

1,776

1,361

Non-controlling interests

Total accumulated other comprehensive income

1,708

665

Total net assets

25,051

19,797

58,83554,307

Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
September 30, 2021

Fiscal year ended
September 30, 2022

Net sales

58,584

63,174

Cost of sales

25,75527,125Gross profit

32,82836,048Selling, general and administrative expenses

40,65339,304

Operating loss

(7,825)(3,255)Non-operating income
Interest income

17

14

Dividend income
Rental income from real estate

98
455

32
482

Foreign exchange gains
Gain on valuation of derivatives

36
2

215
–

Subsidies for employment adjustment
Other

1,034
236

357
278

Total non-operating income

1,881

1,382

Non-operating expenses
Interest expenses

158

170

Rental expenses on real estate
Arrangement Fee

76
255

84
–

Provision of allowance for doubtful accounts
Other

4
77

5
59

Total non-operating expenses

572

319

(6,516)(2,193)Gain on sale of non-current assets
Gain on sale of investment securities

5
5,141

112
49

Total extraordinary income

5,147

162

Ordinary loss
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Loss on store closings
Other
Total extraordinary losses

97

8

1,885
37

1,809
61

–

21

2,020

1,899

Loss before income taxes(3,389)(3,930)

Income taxes - current

294

297

Income taxes - deferred

(40)

(23)

Total income taxes

254

273

Loss

(3,644)(4,204)

Loss attributable to non-controlling interests(1,706)(972)

Loss attributable to owners of parent(1,938)(3,231)

6

Consolidated statements of comprehensive income(Millions of yen)

Loss
Other comprehensive income

Fiscal year ended

Fiscal year ended

September 30, 2021

September 30, 2022

(3,644)(4,204)

Valuation difference on available-for-sale securities
Foreign currency translation adjustment(3,107)
(17)

(226)
(159)

Remeasurements of defined benefit plans, net of tax

97

(103)

(3,027)(490)

Comprehensive income

Total other comprehensive income(6,671)(4,694)Comprehensive income attributable toComprehensive income attributable to owners of parent(4,978)(3,645)(1,692)(1,048)Comprehensive income attributable to non-controllinginterests

7

Consolidated statements of changes in equity
Fiscal year ended September 30, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

5,305

Capital surplus

Retained earnings

13,253

8,578

Treasury shares(3,342)

Total shareholders'equity23,795

Changes during period
Dividends of surplus
Loss attributable to owners ofparent

(291)

(291)

(1,938)(1,938)Purchase of treasury shares(0)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

(0)
–

–

–

(2,229)(0)(2,229)5,305

13,253

6,349(3,342)

21,565

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income

4,820

63

(66)

4,817

Non-controllinginterests

Total net assets

3,401

32,014

Changes during period
Dividends of surplus

–

(291)

Loss attributable to owners ofparent–(1,938)Purchase of treasury shares–(0)

Net changes in items otherthan shareholders' equity(3,121)(16)

97(3,040)(1,693)(4,733)

Total changes during period(3,121)(16)

97(3,040)(1,693)(6,963)

Balance at end of period

1,698

47

30

1,776

1,708

25,051

8

Fiscal year ended September 30, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

5,305

Capital surplus

Retained earnings

13,253

6,349

Cumulative effects ofchanges in accounting
policies
Restated balance

Treasury shares(3,342)18
5,305

13,253

6,367

Total shareholders'equity21,56518(3,342)

21,584

Changes during period
Dividends of surplus
Loss attributable to owners ofparent

(582)

(582)

(3,231)(3,231)

Purchase of treasury shares–

Net changes in items otherthan shareholders' equity–

Total changes during period
Balance at end of period

(0)

(0)
–

–

–

(3,813)(0)(3,814)

5,305

13,253

2,553(3,342)

17,770

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total accumulated
othercomprehensive
income

1,698

47

30

1,776

Non-controllinginterests

Total net assets

1,708

25,051

5

23

1,714

25,074

Dividends of surplus

–

(582)

Loss attributable to owners ofparent–(3,231)

Purchase of treasury shares–(0)

Balance at beginning of period
Cumulative effects ofchanges in accounting
policies
Restated balance

1,698

47

30

1,776

Changes during period

Net changes in items otherthan shareholders' equity

(217)

(93)

(103)

(414)

(1,048)(1,463)

Total changes during period

(217)

(93)

(103)

(414)

(1,048)(5,277)

Balance at end of period

1,481

(46)

(73)

1,361

665

19,7979

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Loss before income taxes

Fiscal year ended

Fiscal year ended

September 30, 2021

September 30, 2022

(3,389)(3,930)

1,295
1,885

1,119
1,809

Loss (gain) on valuation of derivatives
Increase (decrease) in allowance for doubtful accounts

(2)
2

1
6

Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits for

2

(13)

Depreciation
Impairment losses

directors (and other officers)
Increase (decrease) in provision for point card certificates

5

(31)

(66)

(118)

Increase (decrease) in provision for bonuses
Long-term loans offset with a rent

4
145

(79)
127

Long-term deposit offset with a rent
Loss (gain) on sale of non-current assets

8
(5)

10
(105)

Loss on retirement of non-current assets
Loss (gain) on sale of investment securities

97(5,141)8(49)

Subsidy income
Interest and dividend income(1,034)
(116)

(357)
(47)

Interest expenses
Foreign exchange losses (gains)

158
(2)

170
(20)

Decrease (increase) in trade receivables
Decrease (increase) in inventories

434
2,335

(411)
2,495

Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes

(659)
(11)

601
358

Other, net

(59)

52

Subtotal(4,112)

1,596Interest and dividends received

100

35

Interest paid
Income taxes paid

(157)
(331)

(171)
(285)

Income taxes refund
Subsidies received

78
1,138

2
467

Net cash provided by (used in) operating activities(3,284)

1,644

Cash flows from investing activities
Payments into time deposits

(96)

(95)

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

(653)
11

(913)
159

Payments for retirement of property, plant and equipment
Purchase of intangible assets

(128)
(277)

(105)
(270)

Purchase of investment securities
Proceeds from sale and redemption of securities

(6)
5,799

(1)
325

Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits

(96)
747

(171)
425

Loan advances
Proceeds from collection of loans receivable

(5)
19

(30)
20

Other, net
Net cash provided by (used in) investing activities

10

86

88

5,400

(567)

(Millions of yen)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings

Fiscal year ended

Fiscal year ended

September 30, 2021

September 30, 2022
850

472

8,728
(11,273)–(728)

Purchase of treasury shares
Dividends paid

(0)
(290)

(0)
(580)

Dividends paid to non-controlling interests
Other, net

(4)
(33)

(0)
(7)

Net cash provided by (used in) financing activities(2,023)(844)

Effect of exchange rate change on cash and cash equivalents

23

77

Proceeds from long-term borrowings
Repayments of long-term borrowings

Net increase (decrease) in cash and cash equivalents

116

309

Cash and cash equivalents at beginning of period

6,121

6,237

Cash and cash equivalents at end of period

6,237

6,547

11

Non-consolidated financial statements
Non-consolidated balance sheets(Millions of yen)
As of September 30, 2021

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

3,654
981

3,711
1,267

Merchandise and finished goods
Raw materials and supplies

9,769
213

8,719
172

Advance payments to suppliers
Prepaid expenses

330
395

117
388

Short-term loans receivable from subsidiaries andassociates

370

326

Other

291

357

16,00815,060Property, plant and equipment
Buildings

1,928

1,528

Structures
Tools, furniture and fixtures

33
221

27
151

Land
Other

7,390
38

7,312
55

Total property, plant and equipment

9,612

9,075

Intangible assets
Leasehold interests in land

120Software
Software in progress

–
44

6
–

Total intangible assets

56

7

Investments and other assets
Investment securities

3,208

2,904

5,020
405

5,020
338

0

0

1,338

3,063

Total current assets
Non-current assets

Shares of subsidiaries and associates
Long-term loans receivable
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andassociates
Long-term prepaid expenses

26

19

Leasehold and guarantee deposits
Prepaid pension costs

6,125
361

5,708
458

Other
Allowance for doubtful accounts

68
(385)

84
(337)

Total investments and other assets

16,16917,26025,83926,343

41,84741,404

Total non-current assets
Total assets

12

(Millions of yen)
As of September 30, 2021

As of September 30, 2022

Liabilities
Current liabilities
Notes payable - trade3

1

Electronically recorded obligations - operating
Accounts payable - trade

1,471
362

1,911
659

Short-term borrowings
Current portion of long-term borrowings

8,170
300

9,439
230

Accounts payable - otherAccrued expenses

88
1,043

74
1,164

Income taxes payable
Contract liabilities

356
–

288
837

Advances received
Deposits received

488
31

200
28

Unearned revenue
Provision for bonuses

92
218

91
194

Other

133

426

12,76015,547Long-term borrowings
Long-term accounts payable - other

230
46

–
42

Deferred tax liabilities
Provision for retirement benefits

1,132
532

1,075
539

389

–

Total current liabilities
Non-current liabilities

Provision for point card certificates
Provision for loss on business of subsidiaries andassociates
Long-term guarantee deposits

80

84

620

631

Other

62

71

Total non-current liabilities

3,092

2,444

15,852

17,992

5,305

5,305

Legal capital surplus

14,745

14,745

Total capital surplus

14,745

14,745370

370

Reserve for tax purpose reduction entry
General reserve

248
9,300

244
–

Retained earnings brought forward(2,315)

4,607

7,603

5,221

Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

Retained earnings
Legal retained earnings
Other retained earnings

Total retained earnings
Treasury shares(3,342)(3,342)

Total shareholders' equity

24,312

21,930

1,682

1,481

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

13

1,682

1,481

25,994

23,411

41,84741,404

Non-consolidated statements of income(Millions of yen)

Net sales
Cost of sales

Fiscal year ended

Fiscal year ended

September 30, 2021

September 30, 2022

28,69833,937

Beginning merchandise inventory
Cost of purchased goods

10,94910,216

9,769
12,369

Total

21,166

22,139Ending merchandise inventory

9,769

8,719

Cost of goods sold

11,396

13,419Gross profit

17,301

20,518Selling, general and administrative expenses

21,853

21,936

Operating loss

(4,552)(1,417)

Interest income
Dividend income

26
87

38
32

Rental income from real estate
Subsidies for employment adjustment

385
917

401
232

Other

151

225

1,568

930

Interest expenses
Foreign exchange losses

45
9

43
21

Rental expenses on real estate
Provision for loss on business of subsidiaries and associates

62
40

71
4

Other

17

8

Total non-operating expenses

174

148

(3,158)(636)

Gain on sale of non-current assets
Gain on sale of investment securities

4
5,141

112
0

Total extraordinary income

5,146

113

7

5

Impairment losses
Loss on store closings

1,128
34

1,037
57

Non-operating income

Total non-operating income
Non-operating expenses

Ordinary loss
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets

Total extraordinary losses

1,170

1,101

Profit (loss) before income taxes

818(1,624)

Income taxes - current

178

157

Income taxes - deferred

(4)

27

Total income taxes

173

185

Profit (loss)

645(1,809)14

Non-consolidated statements of changes in equity
Fiscal year ended September 30, 2021
(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Share capital Legal capital Total capitalsurplussurplus

Balance at beginning of period

5,305

14,745

14,745

Legalretainedearnings

Reserve fortax purpose
reduction
entry

370

253

Total
retainedearnings

Retainedearnings
brought
forwardGeneralreserve
9,300(2,674)

7,249

4

–

Changes during period
Reversal of reserve for tax purpose
reduction entry–(4)

Dividends of surplus

–

(291)

(291)

Profit (loss)

–

645

645

Purchase of treasury shares––

Net changes in items other thanshareholders' equity––

Total changes during period
Balance at end of period

–

–

–

–

(4)

–

358

353

5,305

14,745

14,745

370

248

9,300

(2,315)

7,603

Valuation and translation
adjustments

Shareholders' equity

TreasurysharesBalance at beginning of period(3,342)

Valuation
Total
Total
difference on
valuation andshareholders' available-fortranslation
equitysale
adjustments
securities
23,958

4,825

Total net
assets4,825

28,784–––

Dividends of surplus

(291)

–

(291)

Profit (loss)

645

–

645

(0)

–

(0)

Changes during period
Reversal of reserve for tax purpose
reduction entry

Purchase of treasury shares(0)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period–(3,143)(3,143)(3,143)(0)353(3,143)(3,143)(2,789)(3,342)

24,312

1,682

1,682

25,99415

Fiscal year ended September 30, 2022
(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Share capital Legal capital Total capitalsurplussurplus

Balance at beginning of period

5,305

14,745

14,745

Cumulative effects of changes inaccounting policies
Restated balance

Legalretainedearnings

Reserve fortax purpose
reduction
entry

370

248

9,300

–
5,305

14,745

14,745

370

248

Total
retainedearnings

Retainedearnings
brought
forwardGeneralreserve

9,300(2,315)

7,603

10

10

(2,305)

7,613

4

–

Changes during period
Reversal of reserve for tax purpose
reduction entry–

Dividends of surplus–

Reversal of general reserve–

Profit (loss)–

Purchase of treasury shares–

Net changes in items other thanshareholders' equity–

Total changes during period
Balance at end of period(1,809)(1,809)–(4)(9,300)6,912(2,392)

5,305

14,745

14,745

370

244

–

4,607

5,221

(3,342)

Valuation and translation
adjustments

Valuation
Total
Total
difference on
valuation andshareholders' available-fortranslation
equitysale
adjustments
securities
24,312

1,682(3,342)

Total net
assets

1,682

25,994

–

10

1,682

26,005

–

–

–

(582)

–

(582)

–

–

–

(1,809)–(1,809)

(0)

–

(0)

(201)

(201)

10

Reversal of reserve for tax purpose
reduction entry
Dividends of surplus
Reversal of general reserve
Profit (loss)(0)

Net changes in items other thanshareholders' equity

Balance at end of period––

24,322

1,682

Changes during period

Total changes during period

(582)

–

Cumulative effects of changes inaccounting policies

Purchase of treasury shares

(582)
9,300

–

TreasurysharesRestated balance(9,300)–Shareholders' equity

Balance at beginning of period

(4)

–

(201)

(0)

(2,392)

(201)

(201)

(2,593)(3,342)

21,930

1,481

1,481

23,41116