Financial Statement
82th TERM(Entered 104 years Since1918)

From ： 1st April 2021
To ： 31st March 2022

(Company motto)”Love and Creation”
Showa Kako Corporation
Consolidated：Showa Kako、Ikaruga Milk Products、SKI(India)、SKB(Brasil)、SDP＝Samurai Dairy
Products(India)、5 companies in total

Balance Sheet
From 1st April 2021～31st Match 2022
Showa Kako Corporation(Unit：JPY)

AssetsDescription
Current assets

Liabilities
AmountDescription

Amount

6,596,223,870 Current liabilities

2,441,770,066

Cash and deposits

2,295,245,131

Bills Payable & Accounts Payable

1,497,188,615

Receivable and Accounts receivable

2,702,421,962

Arrears / Accrued expenses

414,937,694

36,907,904

Corporate Tax allowance & Deposits

190,262,970

1,282,616,076

Short Term Loan

283,584,000

294,032,797

Other Current liabilities

55,796,787

Marketable securities

Inventory assets
Other current assets
Allowance for Loan Losses

Fixed Assets△ 15,000,000 Fixed Liabilities

6,596,642,535

6,381,211,028

Long Term Loan

5,928,182,640

Tangible fixed assets (expect land)

2,039,247,796

Other Fixed Liabilities

668,459,895

Land

4,020,609,782

Capital100,000,000Intangible fixed assets

22,406,530

Capital surplus

1,691,801,922

Investment & the other298,946,920

Retained earnings

2,285,552,866

95,338,743

Own shares△ 38,495,597

Deferred assets
Deferred assets
Total Assets

95,338,743

Cumulative Tranlastion Adjustment△ 4,498,151

13,072,773,641 Total Liabilities and Net assets

13,072,773,641

Consolidated Profit and Loss Statement
From ： 1st April 2021
To ： 31st March 2022
Showa Kako Corporation
Description(Unit：JPY)
AmountSales
Cost of sales

14,524,916,165
11,865,184,419

Gross Profit on Sales
Sales & General administrative expenses

2,659,731,746
1,898,784,588

Operating Profit

760,947,158

Non operating Profit

93,548,720

Non operating Expenses

113,672,272

Non Operating Profit

740,823,606

Extraordinary Profit

1,561,862

Extraordinary Loss

307,363,217

Income before Taxes
Corporation tax, resident tax & business tax

Current Net Profit

435,022,251
290,395,020
144,627,231

Balance Sheet
From 1st April 2021～31st March 2022
Showa Kako Corporation(Unit : Yen)

AssetsDescription
Current assets
Cash and Deposits
Receivable
Accounts Receivable

Liabilities
Description

AmountAmount6,196,332,876 Current liabilities
2,222,792,304
483,023,991
1,986,279,026

1,873,824,674

Bills Payable

12,040,640

Accounts Payable

1,348,543,414

Arrears

207,799,038
59,632,239

MarketableSecurities
Products & Goods

36,907,904

Accrued Expenses

653,572,878

Corporate Taxes Payable0Work in Process

427,612,196

Other Corporate Taxes Payable

189,476,000

Raw Materials

131,804,412

Advance Received

9,485,729

Factory Supplies

18,679,585

Advance Payment

39,454

Other Current
AssetsAllowance
for Loan247,660,580

Down payment

23,324,160

One Year Long-term Loan

23,484,000Losses
FixedAssets
Tangible fixed assets△ 12,000,000

5,293,956,983 Fixed Liabilities

5,267,643,760

4,808,150,153

4,601,139,640

Long Term Loan

Building

437,516,871

Bonds

245,270,600

Building Equipment

224,054,351

Other Liabilities

421,233,520

Structures

92,834,057

Liabilities Total

7,141,468,434

Machinery606,325,913

Vehicles & Transportation Equipment

Tools,Furniture and Fixtures

LandNet Assets

1 Shareholders' Equity
29,588,563

Capital100,000,000

3,417,830,397

Capital Surplus

1,692,207,915

Intangible Fixed Assets

19,842,862

Capital Reserve

405,993

Telephone Subscription Right

904,404

Other Capital Reserve

1,691,801,922

Software398,652

Retained Earnings

2,595,109,107

Other Intangible Fixed Assets

18,539,806

Investment

371,409,595

Earned Reserve

Investment Securities & Investment

162,159,894

Other Earned Reserve

Long-term Loans

2,874,982

Other Reserve

25,200,000
2,569,909,107
500,000,000

Deposit

102,624,068

Profit Carried Forward

2,069,909,107

Other(Insurance Reserve Fund)

103,750,651

Own Shares△ 38,495,597

Deferred Assets
Total Assets（Note）

94,554,373

Net Assets

11,490,289,859 Total Liabilities & Net Assets

Accumulated depreciation of property, plant and equipment

2,609,326,592

4,348,821,425
11,490,289,859

Profit and Loss Statement
From 1st April 2021
To 31st March 2022
Showa Kako Corporation(Unit：Yen)

Description

AmountSales

11,380,126,208

Cost of Goods Sold
Opening Inventory

723,261,974

Current Term Cost of Production & Total Purchase9,187,307,275

Total

9,910,569,249

Closing Inventory△ 653,572,878

Gross Profit

2,123,129,837

Sales Administrative Expenses

451,703,581

General Administrative Expenses

579,013,893

Operating Profit

1,092,412,363

Non Operation Profit

81,012,579

Interest Income

98,578Dividend Income

1,766,821

Miscellaneous Income

79,147,180

Non Opearting Expenses

95,989,002

Expensed Interest

33,839,288

Discounted Interest

0

Miscellaneous loss

62,149,714

Non Operating Profit

1,077,435,940

Extraordinary Profit

1,560,225

Extraordinary Loss

236,497,879

Profit before Taxes
Corporation tax, resident tax & business tax

842,498,286
289,589,912

Current Net Profit（Note）

552,908,374

Ordinary depreciation range of current depreciable assets

291,046,597

Amount of depreciation

291,046,597

Statement of share holder'equity
From 1st April 2021
To 31st March 2022

Owner's Capital
Capital Surplus
CapitalPrevious Fiscal
Year Balance

OtherCapital
Surpluses

CapitalReserve

100,000,000405,993

800,000

Accumulated Surplus

CapitalSurplus
Sum Total

Other Accumulated
Company's
Accumulated Own Stock
Surpluses
General Earned Surplus C/F Surplus Total(Next Term)
Reserve

EarnedSurplus
Reserve

Net-Assets
Total

Owner'sCapitalTotal

1,205,993 25,200,000 500,000,000 1,517,000,733 2,042,200,733 △ 34,532,800 2,108,873,926 2,108,873,926

Fluctuations
due to Mergers

76,237,143 76,237,143

0 △ 3,962,797 72,274,346 72,274,346

Fluctuations
due to Split

1,520,032,783 1,520,032,783

0

1,520,032,783 1,520,032,783

47,365,997

0

94,731,996 94,731,996△ 47,365,999 △ 47,365,997 94,731,996 47,365,999

0Fluctuations due toIn-kindContributions

CapitalReduction

47,365,999 47,365,997

Net Income

552,908,374 552,908,374

Acquisition ofOwn Shares
Current term total
fluctuating amount552,908,374 552,908,37400

Current Term
100,000,000
End Balance

0 1,691,001,922 1,691,001,922000 552,908,374 552,908,374 △ 3,962,797 2,239,947,499 2,239,947,499

405,993 1,691,801,922 1,692,207,915 25,200,000 500,000,000 2,069,909,107 2,595,109,107 △ 38,495,597 4,348,821,425 4,348,821,425

Individual Notes
１．This financial statements, is created by the guidance of small business accounting
２．Important accounting policies(1)The evaluation criteria and evaluation method of negotiable securities
Cost of acquisition①Things with market value
Cost of acquisition②Things without market value(2)The evaluation criteria and the evaluation method of an inventory
Cost method according to periodic average method(3)The method of depreciation of fixed assets
Tangible fixed assets Constant percentage method by regulation of Corporation Tax Law
Period of depreciation
Building： 8 to 25 years
Building attached structure： 3 to 20 years
Structure ： 8 to 45 years
Mechanical apparatus ：2 to 22 years
Furniture and fixtures：2 to 20 years
Automotive equipment： 4 to 7 years
Intangible fixed assets

Fixed amount method by regulationof Corporation Tax Law(4)Accounting treatment of derivatives
Accounting treatment by a market method to be carried out.

(5)The disposal method of a lease transaction
About the finance lease transactions of those other than what the ownership of leased property transfers to aborrower, is based on accounting treatment according to the method related to the usual lease transactions.

(6)Accounting treatment of derivatives
Accounting treatment of a consumption tax etc. is based on the tax excluded method.
３．Notes to the Balance Sheet
Accumulated depreciatio：2,609,326,592 JPY
４．Notes for Statement of Changes in Net Assets(1)Notes for Statement of Changes in Net Assets
End Of First Half・・・2，016 Shares
Current Period End・・・53,101,019 Shares(2)The number of Own shares at the end of the fiscal year
1,390,000 Shares