Balance Sheet (Table Ⅲ - 9)(Note: Totals may not match due to rounding of figures.)

Breakdown

FY 2021 (A)FY 2022 (B)Change (B) - (A)Hundred million yen

Hundred million yen

Hundred million yen

I Current assets

20,507

7,421▲ 13,086

Cash deposit

7,662

1,644

▲ 6,018

Securities

9,942

1,569

▲ 8,372

Certificate of deposit management utilizing fiscal loan fundReceivables for road asset lending, etc.

2,520

4,009＋ 1,489

Receivables related to road asset lending, occupancy fee revenue, etc.
Accounts receivable, short-term debts, stock, prepaid expenses, etc.

Account Details

AssetsOther382

197▲ 184415,242

412,646▲ 2,595

TangibleBusinessfixedassets
assets411,302409,734▲ 1,568

Intangible fixed assets

2,802

2,802

＋0

Investments and other assets

1,136

109

▲ 1,026(Investment securities)(880)-(▲ 880)(Long-term deposits)(200)-(▲ 200)(Long-term loans)

(56)

(109)

(＋ 53)

435,749

420,067▲ 15,681

39,46436,928▲ 2,535

33,18631,310▲ 1,876

Bonds to be redeemed within one (1) year
Debts to be repaid within one (1) year

II Fixed assets

Total assets

Temporary accounts for buildings, structures, land, and construction of road
Land lease rights, software, etc.

Time deposits
Interest-free loans funded through capital investment by national and local governments

Liabilities
I Current liabilities
Institutional bonds to beredeemed within one (1)year
Long-term debts to be

3,837

2,485

▲ 1,351

Others2,439

3,132＋ 692

II Fixed liabilities

repaid within one (1) year

Accrued liabilities, accrued expenses, deposits, etc.

248,510230,369▲ 18,141

Institutional bonds

183,380

165,481▲ 17,899

Long-term debt

58,11758,494＋ 376

Debts with a repayment term exceeding one (1) year

Long-term accrued liabilities

3,4952,803▲ 692

Remaining balance of installment principal for the purchase of the Trans-Tokyo
Bay Expressway

Others3,516

3,590＋ 73

Long-term subsidies, long-term accrued expenses, contra accounts forconstruction of railway facilities, long-term donations, etc.

IIILegal reserves

5,1054,767▲ 338

5,0454,709▲ 336

Reserves for adjusting the agency’s profit and loss calculations for the term in
implementing the Expressway Convenience Improvement Project6058▲2Reserves for equalizing the portion of railway facility usage fees (Honshi-BisanLine) collected from railway operators

293,080

272,064▲ 21,015

282,216

261,000▲ 21,215

I Capital

56,51456,516＋2

II Capital surplus

8,399

8,394

▲5Provisions for the Expressway
Convenience Improvement
ProjectRailwayfacility
Reservesfor management
repayment reserves

Total liabilities
End of term book value of interestbearing liabilities

Bonds with maturities exceeding one (1) year

Net assets

IIIRetained earnings
Total net assets

Total liabilities and net assets

77,75583,092＋ 5,336

142,669

148,002＋ 5,333

435,749

420,067▲ 15,681

Capital investment from national and local governments

AssetsAssets totaled ¥42.0067 trillion. Accounting for the majority at ¥40.9734 trillion, or 97% of this total, were "Tangible fixed assets" fromroad assets and railway facilities. Assets decreased by ¥1.5681 trillion compared to the end of the previous fiscal year. The main factors
behind this were (1) a ¥1.4391 trillion decrease in “Cash deposits and marketable securities” due to decreased borrowing of fiscal loan
funds, While (2) uncollected consumption tax decreased by ¥22.9 billion and (3) tangible fixed assets decreased by ¥156.8 billion,(breakdown: i. a ¥1.0570 trillion decrease due to depreciation and ii. a ¥9.341 billion increase due to attribution of assets from expressway
companies, etc.), (4) income receivable for road asset loans, etc. increased by ¥148.9 billion, causing this result.
Liabilities
Liabilities decreased by ¥2.1015 trillion compared to the end of the previous fiscal year. The main factors behind this were (1) a ¥3.7824
trillion decrease due to the redemption or repayment of “Institutional bonds” and “Long-term debts”, (2) Decrease of ¥33.6 billion throughbreaking into reserve for projects to increase expressway convenience, (3) a ¥600 billion increase due to procurement of new “Institutionalbonds” and “long-term debt”, and (4) a ¥1.1039 trillion increase due to the assumption of debts from expressway companies.
Total net assets
Total net assets reached ¥14.8002 trillion, which increased by ¥533.3 billion from the end of the previous fiscal year, and the main factors
behind this were (1) a ¥200 million increase due to acceptance of “Capital” investments by the national and local governments, (2) a ¥700
million decrease in “Capital surplus” due to asset depreciation and retirement specified in Article 87 (1) of the Accounting Standards for
Independent Administrative Agencies, and (3) a ¥533.8 billion increase due to accumulated gross profit in “Retained earnings”. Retainedearnings, which is the accumulated gross profit for each fiscal year, and accumulated depreciation serve as the sources for repaying debts.
As such, retained earnings increase according to the amount of debt repaid.