CBC Co., Ltd. and Consolidated Subsidiaries
Consolidated Balance Sheet
March 31, 2021

Thousands of Yen
2021
2020

ASSETS
CURRENT ASSETS:
Cash and cash equivalents (Note 9)
Receivables (Note 9):
Trade notes
Trade accounts
Unconsolidated subsidiaries and associatedcompanies
Other
Allowance for doubtful receivables
Inventories
Other current assets

Thousands ofU.S. Dollars(Note 1)2021

LIABILITIES AND EQUITY¥ 11,316,241¥ 10,514,634$ 102,215

11,277,369
41,197,198

11,546,296
38,480,701

101,864
372,118

1,533,432
1,954,946(277,209 )
24,202,159
7,011,129

1,258,372
2,480,492(218,775 )
21,652,605
5,950,320

13,85017,658(2,503 )218,608
63,328CURRENT LIABILITIES:
Short-term bank loans (Note 9)
Current portion of long-term debt (Note 9)
Payables (Notes 5 and 9):
Trade notes
Trade accounts
Unconsolidated subsidiaries and associatedcompanies
Other
Income taxes payable
Other current liabilities

Total current assets

98,215,267

91,664,647

887,139

Total current liabilities

PROPERTY, PLANT AND EQUIPMENT (Note 6):Land
Buildings and structures
Machinery and equipment
Furniture and fixtures
Lease assets
Construction in progress

3,450,813
6,412,103
10,315,464
1,510,682
470,996486,338

3,445,290
5,884,648
7,366,936
1,274,814
580,706
3,087,458

31,16957,91893,175
13,645
4,254
4,392

Total property, plant and equipment

22,646,400

21,639,855

204,556

COMMITMENTS AND CONTINGENT LIABILITIES(Note 7)

66,271,976

45,703,860

598,6082,459,804
747,868
1,254,726
386,278
1,634,489

2,979,904
825,126
956,270
327,912
1,587,310

22,218
6,755
11,3333,48914,763

72,755,143

52,380,383

657,168

EQUITY (Notes 8 and 10):
Capital stock—authorized, 68,000,000 shares;
issued, 34,000,000 shares in 2021 and 2020
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income:Unrealized gain on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Defined retirement benefit plans
Total
Noncontrolling interests

INVESTMENTS AND OTHER ASSETS:
Investment securities (Notes 5 and 9)
Investments in and advances to unconsolidated
subsidiaries and associated companies (Note 9)
Goodwill
Asset for retirement benefits
Deferred tax assets
Other assets
Total investments and other assets

LONG-TERM LIABILITIES:Long-term debt (Note 9)
Liability for retirement benefits
Deferred tax liabilities
Other
Total long-term liabilities

Total equity
TOTAL

See notes to consolidated financial statements.

¥ 193,616,810¥ 165,684,886$ 1,748,864

TOTAL

Thousands of Yen
2021
2020

Thousands ofU.S. Dollars(Note 1)2021

¥ 20,049,641
12,330,126¥ 20,119,515
12,798,919$ 181,100
111,373

1,451,143
29,972,270

1,468,493
28,351,051

13,107
270,727

528,414
4,655,350
2,093,562
4,274,329

175,289
4,302,793
1,097,197
3,357,610

4,772
42,04918,91038,60875,354,839

71,670,869

680,650

38,536,644
1,873,103
8,710,105
754,755

37,216,103
1,998,765
3,503,160
598,479

348,086
16,91978,674
6,817

49,874,609

43,316,507

450,497

5,100,000
51,19847,311,605

5,100,000
51,33442,918,184

46,066462
427,347

17,362,565(45,797 )(1,535,801 )108,057
68,351,828
35,533

4,741,130(5,116 )(1,990,953 )(169,981 )
50,644,598
52,911

156,829(413 )(13,872 )976
617,395
320

68,387,362

50,697,509

617,716¥ 193,616,810¥ 165,684,886$ 1,748,864

CBC Co., Ltd. and Consolidated Subsidiaries
Consolidated Statement of Income
Year Ended March 31, 2021

Thousands of Yen
2021
2020
NET SALES

Thousands ofU.S. Dollars(Note 1)2021

¥ 176,893,292¥ 189,314,208$ 1,597,807

154,862,730

165,732,178

1,398,814

22,030,561

23,582,029

198,993

SELLING, GENERAL AND ADMINISTRATIVEEXPENSES

15,939,582

16,345,709

143,975

Operating income

6,090,9787,236,320

55,017830,241(604,900 )
267,004
2,655,411

843,343(787,721 )
203,851
1,924,612

7,499(5,463 )2,411
23,985COST OF SALES
Gross profit

OTHER INCOME (EXPENSES):Interest and dividend income
Interest expense
Foreign exchange gain
Gain on sales of investment securities
Gain on return of assets from retirement
benefits trust
Loss on valuation of investment securities
Provision of allowance for doubtful accounts
Impairment loss
Other—net(960,346 )

1,458,965(1,524,588 )(74,533 )(1,031,189 )(320,634 )

1,564,172

692,107

14,128

INCOME BEFORE INCOME TAXES

7,655,151

7,928,427

69,145

INCOME TAXES:
Current
Deferred

3,280,478(489,197 )2,888,458
869,615

29,631(4,418 )2,791,281

3,758,073

25,212

4,863,870

4,170,354

43,933(5,550 )(1,269 )(50 )(720,230 )
96,992Other income—net

Total income taxes
NET INCOME
NET INCOME ATTRIBUTABLE TONONCONTROLLING INTERESTSNET INCOME ATTRIBUTABLE TOOWNERS OF THE PARENT¥

4,869,420¥

4,171,623

Yen
PER SHARE:
Basic net income
Cash dividends applicable to the year
See notes to consolidated financial statements.

¥ 143.22
14.00(6,505 )876(8,674 )$43,983

U.S. Dollars¥ 126.01
24.00$ 1.290.13

CBC Co., Ltd. and Consolidated Subsidiaries
Consolidated Statement of Changes in Equity
Year Ended March 31, 2021
Thousands

BALANCE, APRIL 1, 2019
Net income attributable to ownersof the parent
Cash dividends, ¥24.00 per share
Stock split
Disposal of treasury stock
Net change in the year
BALANCE, MARCH 31, 2020

Number ofShares ofIssued Stock

CapitalStock

Additional
Paid-in
CapitalRetainedEarnings

Treasury
Stock

17,000¥ 5,100,000¥ 1,383¥ 39,111,360¥ (310,049 )¥ 7,309,174¥ (1,436,518 )¥ 1,410,909

4,171,623(364,800 )Total

Noncontrolling
Interests

Total
Equity¥ 51,186,262¥ 53,925¥ 51,240,188

4,171,623(364,800 )

4,171,623(364,800 )

17,00049,95034,0005,100,000

Net income attributable to ownersof the parent
Cash dividends, ¥14.00 per share
Change in ownership interest ofparent due to transactions with
noncontrolling interests
Net change in the year
BALANCE, MARCH 31, 2021

Thousands of Yen
Accumulated Other Comprehensive Income
Unrealized
DeferredForeign
Gain onGains orCurrency
DefinedAvailable-for-Sale Losses on
Translation
Retirement
Securities
HedgesAdjustments
Benefit Plans

51,334

310,049
42,918,184(2,568,044 )¥ (5,116 )(554,435 )(1,580,891 )

360,000(4,708,487 )(1,014 )360,000(4,709,502 )

4,741,130(5,116 )(1,990,953 )(169,981 )

50,644,598

52,911

50,697,509

4,869,420(476,000 )

4,869,420(476,000 )(136 )
34,000

BALANCE, MARCH 31, 2020

¥ 5,100,000

See notes to consolidated financial statements.

12,621,435(40,680 )455,151

278,038(136 )
13,313,945(17,377 )(136 )
13,296,567¥ 47,311,605¥ 17,362,565¥ (45,797 )¥ (1,535,801 )¥ 108,057¥ 68,351,828¥ 35,533¥ 68,387,362

Thousands of U.S. Dollars (Note 1)
Accumulated Other Comprehensive Income
Unrealized
DeferredForeign
Gain onGains orCurrency
DefinedAvailable-for-Sale Losses on
Translation
Retirement
Securities
HedgesAdjustments
Benefit Plans

TotalNoncontrolling
Interests

TotalEquity$ 457,452$ 477$ 457,930

CapitalStock

Additional
Paid-in
CapitalRetainedEarnings$ 46,066$ 463$ 387,663

Net income attributable to ownersof the parent
Cash dividends, $0.13 per share
Change in ownership interest ofparent due to transactions with
noncontrolling interests
Net change in the year
BALANCE, MARCH 31, 2021

¥ 51,198

TreasuryStock$ 42,824$ (46 )$ (17,983 )$ (1,535 )

43,983(4,299 )43,983(4,299 )(1 )$ 46,066$ 462

4,869,420(476,000 )$ 427,347

114,004(367 )4,111$ 156,829$(413 )$ (13,872 )$

43,983(4,299 )

2,511

(1 )
120,259(156 )(1 )
120,102976$ 617,395$ 320$ 617,716