Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

May 10, 2024

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

HIRATA Corporation
Tokyo Stock Exchange, Prime Market
6258
https://www.hirata.co.jp/en/
Yuichiro Hirata, Representative Director, President
Hideki Ninomiya, Director, Executive Officer
Division Director, Administration Division
Telephone:+81-96-272-5558
Scheduled date of annual general meeting of shareholders:June 25, 2024
Scheduled date to commence dividend payments:
June 6, 2024
Scheduled date to file annual securities report:
June 26, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for securities analysts, institutional
investors, and the press)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2024 (from April 1, 2023 toMarch 31, 2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended

Millions of yen

March 31, 2024
March 31, 2023
Note: Comprehensive income

Operating profit%

Millions of yen

82,8395.6

78,443

16.9%

Millions of yen%

Millions of yen

6,047

2.2

5,920

53.5

6,259

7.9

4,344

1.7

5,802

36.3

4,269

59.2

For the fiscal year ended March 31, 2024: ¥6,649 million
For the fiscal year ended March 31, 2023: ¥5,311 million

Basic earnings
per share

Diluted earnings
per share

Profit attributable toowners of parent

Ordinary profit

Return on equity%[25.2%][58.1%]

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

Yen

Yen

March 31, 2024

418.27

–

7.0

5.1

7.3

March 31, 2023

411.23411.21

7.5

5.4

7.5

Reference:%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2024: ¥– million
For the fiscal year ended March 31, 2023: ¥– million
Note: The amount of diluted earnings per share in the fiscal year ended March 31, 2024 is not provided because there are no
potential shares.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2024

130,787

65,30249.7

6,260.46

March 31, 2023

114,52259,57551.7

5,699.01

Reference:

EquityAs of March 31, 2024:
As of March 31, 2023:%

Yen¥65,027 million¥59,179 million(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2024

(4,592)(2,233)

5,866

10,652

March 31, 2023

(5,687)(2,057)

5,101

11,134

2. Cash dividends
Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end
Yen

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year
endingMarch 31, 2025
(Forecast)

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Ratio of
Payout ratio dividends to(Consolidated) net assets(Consolidated)

Yen Millions of yen

%

%

–

0.00

–

90.00

90.00

940

21.9

1.6

–

0.00

–

100.00100.00

1,044

23.9

1.7

–

0.00

–

120.00120.0026.5

Note: Total cash dividends for the fiscal year ended March 31, 2024 include dividends of ¥6,010 thousand for shares of theCompany held by Sumitomo Mitsui Trust Bank, Limited (Trust Account) (Re-trust trustee: Custody Bank of Japan,
Ltd. (Trust Account)) as the trust assets of a “Director Stock Ownership Plan.”

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 toMarch 31, 2025)
Net sales

Fiscal year ending
March 31, 2025

(Percentages indicate year-on-year changes.)
Profit attributable to
Basic earnings
Ordinary profit
owners of parent
per share

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

100,000

20.7

7,500

24.0

7,300

16.6

4,700

8.2

452.53

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations:None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

10,756,090 shares

As of March 31, 2023

10,756,090 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2024

369,003 shares

As of March 31, 2023

371,852 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2024

10,386,010 sharesFiscal year ended March 31, 2023

10,383,319 shares

Note: Treasury shares at the end of the period include the number of the Company’s shares held by the trust account of
the stock delivery trust for officers (63,000 shares for the fiscal year ended March 31, 2023; 60,100 shares forthe fiscal year ended March 31, 2024).

[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2024 (from April 1, 2023 toMarch 31, 2024)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended

Operating profit

Millions of yen%

Millions of yen

Ordinary profit%

ProfitMillions of yen%

Millions of yen%

March 31, 2024

64,310

6.8

3,881

(5.5)

3,971

(13.8)

2,740(21.0)March 31, 2023

60,195

11.0

4,107

37.9

4,609

33.5

3,469

63.8

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

Yen

March 31, 2024

263.82–

March 31, 2023

334.14334.13

Note: The amount of diluted earnings per share in the fiscal year ended March 31, 2024 is not provided because there are no
potential shares.

(2) Non-consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

March 31, 2024

106,070

51,282

48.3

4,937.14

March 31, 2023

94,33849,27952.2

4,745.63

Reference:

EquityAs of March 31, 2024:
As of March 31, 2023:¥51,282 million¥49,279 million

2. Non-consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024
to March 31, 2025)
Net sales

Fiscal year ending
March 31, 2025

(Percentages indicate year-on-year changes.)
Basic earnings
Profitper share

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Yen

76,000

18.2

6,400

61.1

4,400

60.6

423.65* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters(Notes on forward-looking statements)
Forward-looking statements in this material, including earnings forecasts, are based on information
currently available to the Company and on certain assumptions deemed reasonable. Actual results may
differ significantly due to various factors. For the assumptions underlying the forecast, please refer to“(4) Future outlook” in “1. Overview of the operating results” on page 4 of the Attached Materials.
(Access to presentation materials and contents of the financial results briefing)
The Company will hold a financial results briefing for securities analysts, institutional investors, and thepress on Wednesday, May 15, 2024.
The presentation materials of the financial results briefing will be posted on the Company’s website.

Table of Contents of the Attached Materials
Index
1. Overview of the operating results ............................................................................................................. 2(1) Overview of the operating results for the fiscal year under review .................................................... 2(2) Overview of the financial position for the fiscal year under review .................................................. 3(3) Overview of the cash flows for the fiscal year under review ............................................................. 3(4) Future outlook .................................................................................................................................... 4(5) Basic policy on profit distribution and dividends for the current and next fiscal years ..................... 5
2. Basic approach to the selection of accounting standards .......................................................................... 5
3. Consolidated financial statements and major notes .................................................................................. 6(1) Consolidated balance sheet ................................................................................................................ 6(2) Consolidated statement of income and consolidated statement of comprehensive income ............... 8(Consolidated statement of income) ................................................................................................... 8(Consolidated statement of comprehensive income) .......................................................................... 9(3) Consolidated statement of changes in equity ................................................................................... 10(4) Consolidated statement of cash flows .............................................................................................. 12(5) Notes on consolidated financial statements ...................................................................................... 14(Notes on going concern assumption) .............................................................................................. 14(Segment information, etc.) .............................................................................................................. 14(Per share information) ..................................................................................................................... 18(Significant subsequent events) ........................................................................................................ 18
Supplementary material .......................................................................................................................... 19
Status of production, orders received, and sales ..................................................................................... 19
4. Non-consolidated financial statements and major notes ......................................................................... 20(1) Non-consolidated balance sheet ....................................................................................................... 20(2) Non-consolidated statement of income ............................................................................................ 22(3) Non-consolidated statement of changes in equity ............................................................................ 23(4) Notes on non-consolidated financial statements .............................................................................. 25(Notes on going concern assumption) .............................................................................................. 25-1-

1. Overview of the operating results(1) Overview of the operating results for the fiscal year under review
During the current fiscal year, the economic situation surrounding the Group remained uncertain, withthe prolonged impact of geopolitical risks in the Ukraine and the Middle East, rising costs due to highprices and tight labor supply and demand, and the effects of worldwide monetary tightening policies
and exchange rate fluctuations. In the U.S., personal consumption supported the economy against the
backdrop of favorable employment and income conditions. In Europe, both domestic and overseas
demand remained sluggish due to monetary tightening and the slowdown in overseas economies. In
China, the real estate recession and other factors have led to a continued economic slowdown. In Japan,
capital investment remained firm due to labor shortages and a pickup in external demand. In addition,
the income environment showed a gradual improving trend against the backdrop of favorable corporate
earnings and rising prices.
In this business environment, the Group has entered the second year of its Mid-Term Management Plan
(FY2022–FY2024), and implemented a variety of measures to further accelerate efforts towards“Business expansion in growth markets,” “Strengthening competitiveness as a global company,”“Strengthening ESG management initiatives,” and “Realization of management in line with the newnormal era.”
During the current fiscal year, orders received from electric vehicle (EV)-related manufacturers werestrong, and the semiconductor-related cost of sales ratio improved, particularly for silicon wafertransfer equipment. As a result, net sales for the current fiscal year were ¥82,839 million (up 5.6% year
on year), operating profit was ¥6,047 million (up 2.2% year on year), ordinary profit was ¥6,259
million (up 7.9% year on year), and profit attributable to owners of parent was ¥4,344 million (up 1.7%
year on year).
Segment information is as follows.
(i) Automobile-related businessIn the automobile-related business, both net sales and profits remained firm due to firm EV-related
capital investment from automobile manufacturers. As a result, net sales were ¥36,984 million (up22.1% year on year), and operating profit was ¥1,651 million (up 5.9% year on year).
(ii) Semiconductor-related businessIn the semiconductor-related business, although net sales of silicon wafer transfer equipment
remained firm, net sales of substrate transfer equipment and other equipment declined. On the other
hand, profits exceeded those of the previous fiscal year due to an improvement in the cost of sales
ratio. As a result, net sales were ¥27,390 million (down 5.4% year on year), and operating profit
was ¥4,450 million (up 29.2% year on year).
(iii) Other automatic labor-saving equipment
In the other automatic labor-saving equipment, net sales and profits related to organic
electroluminescence (organic EL) and home appliances declined. As a result, net sales were
¥16,083 million (down 5.1% year on year), and operating profit was ¥119 million (down 87.1%
year on year).

-2-(2) Overview of the financial position for the fiscal year under review(Assets)
Total assets at the end of the current fiscal year of the Group increased ¥16,265 million from the end of
the previous fiscal year to ¥130,787 million. The main breakdown was an increase of ¥8,068 million intrade receivables (notes receivable - trade, electronically recorded monetary claims - operating,accounts receivable - trade, and contract assets), an increase of ¥3,135 million in property, plant andequipment due to investment in testing and analysis equipment, expansion of the Shichijo Plant andreconstruction of the Kansai Plant, and an increase of ¥3,471 million in retirement benefit asset.
(Liabilities)
Liabilities increased ¥10,538 million from the end of the previous fiscal year to ¥65,485 million. The
main breakdown was a decrease of ¥1,850 million in trade payables (notes and accounts payable - tradeand electronically recorded obligations - operating), an increase of ¥7,273 million in debt with interest(short-term borrowings and long-term borrowings), and an increase of ¥1,221 million in deferred tax
liabilities.
(Net assets)
Net assets increased ¥5,726 million from the end of the previous fiscal year to ¥65,302 million. The
main breakdown was an increase of ¥3,403 million in retained earnings due to the recording of ¥4,344
million in profit attributable to owners of parent and ¥940 million in dividends paid, an increase of¥567 million in valuation difference on available-for-sale securities due to an increase in the price ofshares held, and an increase of ¥1,712 million in remeasurements of defined benefit plans. As a result,the equity-to-asset ratio fell to 49.7% from 51.7% at the end of the previous fiscal year.
(3) Overview of the cash flows for the fiscal year under review
Cash and cash equivalents (hereinafter referred to as “cash”) at the end of the current fiscal year
decreased ¥481 million from the end of the previous fiscal year to ¥10,652 million.
(Cash flows from operating activities)
Net cash used in operating activities amounted to ¥4,592 million (compared with ¥5,687 million usedin the previous fiscal year). Main factors were an increase of ¥6,972 million in accounts receivable trade, and contract assets due to an increase in net sales, and a decrease of ¥3,013 million in trade
payables, against profit before income taxes of ¥6,762 million.
(Cash flows from investing activities)
Net cash used in investing activities totaled ¥2,233 million (compared with ¥2,057 million used in theprevious fiscal year), mainly due to ¥2,853 million used in purchase of property, plant and equipment.
(Cash flows from financing activities)
Net cash provided by financing activities amounted to ¥5,866 million (compared with ¥5,101 million
provided in the previous fiscal year). Main factors included an increase of ¥5,221 million in short-termborrowings due to increased demand for cash as a result of higher production, proceeds from long-termborrowings of ¥13,600 million, and repayments of long-term borrowings of ¥11,575 million.

-3-

(Reference) Trends in cash flow indicators
Fiscal year
ended March
31, 2020

Fiscal year
ended March
31, 2021

Fiscal year
ended March
31, 2022

Fiscal year
ended March
31, 2023

Fiscal year
ended March
31, 2024

Equity-to-asset ratio (%)

54.4

55.5

54.8

51.7

49.7

Equity-to-asset ratio based on market
value (%)

56.0

76.7

56.3

62.1

62.3

Ratio of debt with interest to cash
flow (year)

1.8

27.1

–

–

–

146.8

10.9

–

–

–

Interest coverage ratio (times)

Notes: 1. All indicators are calculated using the following formulas based on consolidated financial figures.
Equity-to-asset ratio: Total shareholder’s equity / Total assets
Equity-to-asset ratio based on market value: Market capitalization / Total assets
Ratio of debt with interest to cash flow: Debt with interest / Operating cash flows
Interest coverage ratio: Operating cash flows / Interest payment
2. Market capitalization is calculated based on the number of shares outstanding excluding treasury shares.
3. Ratios of debt with interest to cash flow and interest coverage ratios for the fiscal year ended March 31,
2022, fiscal year ended March 31, 2023 and the fiscal year ended March 31, 2024 are not shown respectively
because each operating cash flow was negative.
4. Operating cash flows and interest payments are taken from “Cash flows from operating activities” and“Interest paid” as reported in the consolidated statement of cash flows.

(4) Future outlook
With regard to the outlook for the next fiscal year, it remains difficult to dismiss the uncertainties
shrouding the economic outlook due to the economic downside risk caused by worldwide monetary
tightening, the impact of exchange rate fluctuations, the sluggish Chinese economy, the prolonged
situation in Ukraine, and increasing geopolitical risks surrounding the Middle East region.
In the automobile-related business, the shift to EVs associated with carbon neutrality is expected toslow down. However, the Group has the production capacity and track record to meet various demands,
and we expect to continue to receive orders associated with capital investment in the entire automotive
market, including internal combustion systems. In the semiconductor-related business, demand forsemiconductors for automotive applications is expected to continue to grow. We also expect thedemand to recover due to the rapid growth of generative AI. In the other automatic labor-saving
equipment, capital investment is expected mainly in the business related to home appliance and flat
panel displays (FPDs) goods.
Under these circumstances, the Group will strive to pass on the price increases in raw materials toorders received, reduce the cost of sales ratio by improving production proficiency for large projects,
increase investment in human resources and production capacity, and develop and receive orders formass production projects in order to expand business in growing markets. Moreover, to strengthen ourcompetitiveness as a global company, we will reinforce cooperation among Group companies and focus
on building relationships with customers and suppliers at our overseas bases. Furthermore, aiming tostrengthen ESG management initiatives as a way of enhancing corporate value, we will promotesustainability activities by establishing a Group sustainability promotion system, setting targets
corresponding to materiality, and formulating a mid- to long-term action plan. We will also actively
work to realize management in line with the new normal era by utilizing new core business information
systems and emulators.
For the fiscal year ending March 31, 2025, we are forecasting net sales of ¥100.0 billion (up 20.7%
year on year), operating profit of ¥7.5 billion (up 24.0% year on year), ordinary profit of ¥7.3 billion(up 16.6% year on year) and profit attributable to owners of parent of ¥4.7 billion (up 8.2% year onyear).
The consolidated forecasts are based on information currently available to the Company and actual
results may differ from the forecasts due to various factors.

-4-(5) Basic policy on profit distribution and dividends for the current and next fiscal years
In order to enable agile distribution of profits to shareholders, the Company’s Articles of Incorporation
stipulate that the Board of Directors may determine the distribution of surplus and other matters by
resolution of the Board of Directors in accordance with each item of Article 459, Paragraph 1 of theCompanies Act.
The Company considers the return of profits to shareholders to be one of its highest management
priorities, and while strengthening its financial position and considering the consolidated performanceand future business development, the Company strives to maintain a stable and continuous dividend
payout ratio of 20% or more on a consolidated basis as a general guideline.
As for the annual dividends for the current fiscal year, the Company decided to pay ¥100 per share withpayment commencing from June 6, 2024 at the Board of Directors meeting held on May 10, 2024 after
comprehensively considering the aforementioned basic policy and the business environment in which
the Company is operating.
As for the annual dividends forecast for the next fiscal year, the Company expects to pay ¥120 per
share as a year-end dividend.
The Company’s Articles of Incorporation stipulate that “the record date for year-end dividends shall be
March 31 of each year,” “the record date for interim dividends shall be September 30 of each year,” and“in addition to the preceding two paragraphs, the Company may determine a record date for the
distribution of surplus.” However, since the relationship between interim results and fiscal year results
is low due to the make-to-order production system, the Company’s basic policy is to pay year-end
dividends once a year as a general rule.
The Company will effectively utilize internal reserve funds to respond to future changes in the businessenvironment and for business growth, such as business expansion in the growth market, biologicalgenetic resources business (mainly plant genetic resources), and flexible M&As.

2. Basic approach to the selection of accounting standards
For the time being, the Group’s policy is to prepare its consolidated financial statements in accordance withJapanese GAAP, taking into consideration the comparability of the consolidated financial statements fromperiod to period.
The Company’s policy is to take appropriate action with respect to the timing of IFRS application, etc.,
while taking into consideration various circumstances.

-5-3. Consolidated financial statements and major notes(1) Consolidated balance sheet(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Contract assets
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Distressed receivables
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-6-

As of March 31, 2024

11,134,387
125,7078,463,652
14,395,924
28,450,651
14,219,410
2,875,248(9,751)
79,655,230

10,652,754
94,5097,344,709
11,959,753
40,105,680
14,264,910
4,143,135(11,402)88,554,052

20,354,883(9,466,563)
10,888,319
6,111,502(4,283,035)
1,828,466
3,586,210(2,738,772)
847,437
9,850,292
887,729
24,302,245

23,352,587(10,178,296)
13,174,290
7,557,547(4,753,846)
2,803,700
4,349,157(3,071,889)
1,277,267
9,890,059
292,393
27,437,711

25,781
434,557
289,491
749,829

25,781
422,425
456,657
904,864

2,328,139
1,019
6,182,143
239,430
1,389,633(324,884)
9,815,482
34,867,558
114,522,788

2,731,411
1,077
9,653,995
213,108
1,733,926(442,219)
13,891,299
42,233,874
130,787,926

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-7-

As of March 31, 2024

6,966,957
4,800,696
12,612,145
9,407,156
942,786
3,276,392
781,179
3,033,178
88,2475,200,295
4,716,702
17,861,284
9,692,490
1,600,005
3,585,595
977,488
3,457,853
160,848

123,306

124,667

376,614138,227
646,237
43,193,125

482,358
120,137
1,884,681
49,864,410

7,738,188

9,477,093

125,514

175,996

749,791
2,023,008
1,117,516
11,754,017
54,947,143

1,971,065
2,023,008
1,973,964
15,621,128
65,485,538

2,633,962
14,319,556
37,381,654(2,429,350)
51,905,823

2,633,962
14,319,556
40,785,521(2,411,289)
55,327,751

668,114
198,362
4,500,520
1,667,364
239,726
7,274,089
395,732
59,575,645
114,522,788

1,235,771(196,412)
4,500,520
2,208,403
1,951,951
9,700,233
274,40265,302,388
130,787,926

(2) Consolidated statement of income and consolidated statement of comprehensive income(Consolidated statement of income)(Thousands of yen)
Fiscal year ended
March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Subsidy income
Rental income
Gain on sale of scrap metal
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commitment fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Insurance claim income
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Impairment losses
Loss on transportation accident
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent-8-

Fiscal year ended
March 31, 2024

78,443,846
62,604,466
15,839,379
9,919,170
5,920,209

82,839,457
65,044,905
17,794,552
11,746,641
6,047,910

33,406
63,164–
223,864
117,447
45,49762,484545,864

28,74862,54947,85826,736
144,378
33,60947,604391,485

86,956515,928
6,881
53,325663,091
5,802,982

123,531–
16,602
39,884
180,018
6,259,377

15,06178,769–93,831

10,717582,367
412,943
1,006,028

12,91822,638––35,556
5,861,257
1,560,594
71,253
1,631,847
4,229,410(40,559)
4,269,969

14,621
138
138,277
349,725
502,761
6,762,644
2,153,483
414,1942,567,678
4,194,966(149,222)
4,344,188

(Consolidated statement of comprehensive income)(Thousands of yen)
Fiscal year ended
March 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-9-

Fiscal year ended
March 31, 2024

4,229,410

4,194,966

213,965
436,541754,321(322,721)
1,082,106
5,311,516

567,656(394,775)
547,675
1,733,481
2,454,037
6,649,004

5,347,846

6,770,333(36,330)(121,329)

(3) Consolidated statement of changes in equity
Previous fiscal year (from April 1, 2022 to March 31, 2023)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retainedearnings

2,633,962

14,309,592

33,747,543

Treasury shares(2,452,359)(Thousands of yen)
Accumulated other comprehensive
incomeValuation
Total
Deferred gains
difference onshareholders’or losses onavailable-forequity
hedgessale securities
48,238,738

454,149(238,178)–

213,965

436,541

Changes during period
Dividends of surplus(679,000)(679,000)

Profit attributable to owners ofparent4,269,969

4,269,969

Purchase of treasury shares

(269)

(269)

Disposal of treasury shares

23,27823,278Gain on disposal of treasury
shares

9,964

9,964

Reversal of revaluation reserve
for land

43,142

43,142

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

–

9,964

3,634,111

23,0093,667,085

213,965

436,541

2,633,962

14,319,556

37,381,654(2,429,350)

51,905,823

668,114

198,362

Total
Remeasurements accumulatedof definedotherbenefit planscomprehensive
incomeShare
acquisitionrights

Noncontrollinginterests

Total net assets

432,062

54,938,509

Accumulated other comprehensive income

Balance at beginning of period

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

4,543,663

923,814555,905

6,239,354

28,353

Changes during period
Dividends of surplus(679,000)

Profit attributable to owners ofparent4,269,969

Purchase of treasury shares(269)

Disposal of treasury shares

23,278Gain on disposal of treasury
shares9,964

Reversal of revaluation reserve
for land

43,142

Net changes in items other thanshareholders’ equity(43,142)

743,550(316,179)

1,034,734(28,353)(36,330)

970,050

Total changes during period(43,142)

743,550(316,179)

1,034,734(28,353)(36,330)

4,637,135

Balance at end of period

4,500,520

1,667,364

239,726

7,274,089–

395,732

59,575,645- 10 -

Current fiscal year (from April 1, 2023 to March 31, 2024)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retainedearnings

2,633,962

14,319,556

37,381,654

Treasury shares(2,429,350)(Thousands of yen)
Accumulated other comprehensive
incomeValuation
Total
Deferred gains
difference onshareholders’or losses onavailable-forequity
hedgessale securities
51,905,823

668,114

198,362–

567,656(394,775)

Changes during period
Dividends of surplus(940,322)(940,322)

Profit attributable to owners ofparent

4,344,188

4,344,188

Purchase of treasury shares

(353)

(353)

Disposal of treasury shares

18,415

18,415

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

3,403,866

18,061

3,421,927

567,656(394,775)

2,633,962

14,319,556

40,785,521(2,411,289)

55,327,751

1,235,771(196,412)

Total
Remeasurements accumulatedof definedotherbenefit planscomprehensive
incomeNoncontrollinginterests

Total net assets

395,732

59,575,645

Accumulated other comprehensive income

Balance at beginning of period

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

4,500,520

1,667,364

239,726

7,274,089

Changes during period
Dividends of surplus(940,322)

Profit attributable to owners ofparent

4,344,188

Purchase of treasury shares(353)

Disposal of treasury shares

18,415

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

541,038

1,712,225

2,426,144(121,329)

2,304,815–

541,038

1,712,225

2,426,144(121,329)

5,726,742

4,500,520

2,208,403

1,951,951

9,700,233

274,40265,302,388- 11 -

(4) Consolidated statement of cash flows(Thousands of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for loss on construction
contracts
Increase (decrease) in provision for share awards for
directors (and other officers)
Increase (decrease) in retirement benefit asset and liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Loss (gain) on sale of investment securities
Decrease (increase) in accounts receivable - trade, andcontract assets
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued expenses
Increase (decrease) in contract liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from collection of long-term loans receivable from
employees
Net cash provided by (used in) investing activities- 12 -

Fiscal year ended
March 31, 2024

5,861,257
1,494,281(165,599)
6,003

6,762,644
1,813,969
106,964
65,716

4,909

1,361

114,442

90,661(198,845)(18,091)

65,13868,554(955,605)(96,571)
86,95632,2407,576
12,918–(78,769)(969,368)(91,297)
123,531
121,529(10,579)
14,621
138,277(582,367)(9,033,955)(6,972,047)(3,306,985)(774,984)
308,284
1,888,198
317,350(4,411,759)
96,942(87,291)(1,285,394)(5,687,502)

316,257(3,013,597)
282,752
127,282(1,239,707)(2,862,933)
94,015(126,108)(1,697,146)(4,592,173)–
139,255(2,037,515)
245,401(406,790)(10,000)
1,004,397(2,853,257)
20,836(395,657)

2,235

600

(2,057,413)(2,233,081)

(Thousands of yen)
Fiscal year ended
March 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Proceeds from sale of treasury shares
Dividends paid
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 -

4,107,090
8,500,000(6,595,658)(269)
1(678,915)(230,679)
5,101,568
838,522(1,804,824)
12,939,212
11,134,387

Fiscal year ended
March 31, 2024

5,221,592
13,600,000(11,575,761)(353)–(940,017)(438,481)
5,866,978476,643(481,632)
11,134,387
10,652,754

(5) Notes on consolidated financial statements(Notes on going concern assumption)
Not applicable.
(Segment information, etc.)(Segment information)
1. Overview of reportable segments
The Company’s reportable segments are components of the Company for which separate
financial information is available and are subject to periodic review by the Board of Directors
for the purpose of determining the allocation of management resources and evaluating
performance. The Company mainly produces and sells automatic labor-saving equipment andother products in Japan and overseas, and supplies its products to countries around the world.
Therefore, the Company is composed of business segments comprehensively classified byproduct type, properties, sales market, etc., and made the three reportable segments:“Automobile-related business,” “Semiconductor-related business,” and “Other automatic laborsaving equipment.”
2. Calculation for the amount of net sales, profit or loss, assets, liabilities and other items byreportable segment
The accounting method for reportable segments generally follows that used to prepare theconsolidated financial statements. The profits of the reported segments are numerical values
based on operating profit. Intersegment internal revenues and transfers are based on market
prices.

- 14 -

3. Information on the amount of net sales, profit or loss, assets, liabilities, and other items byreportable segment and breakdown of revenues
Previous fiscal year (from April 1, 2022 to March 31, 2023)(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

2,031,806

20,319,745

28,267,048

Revenue fromcontracts withcustomers
Other revenue

Total

Others(Note 1)

Total

5,061,494

27,413,047

2,213,250

29,626,297

8,634,744

11,890,987

48,792,780–

48,792,780

30,298,855

28,954,490

16,952,481

76,205,827

2,213,250

78,419,078

–

–

–

–

24,76824,76830,298,855

28,954,490

16,952,481

76,205,827

2,238,018

78,443,846

–

–

–

–

767

767

30,298,855

28,954,490

16,952,481

76,205,827

2,238,786

78,444,614

1,559,306

3,445,127

930,868

5,935,303(19,654)

5,915,649

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers
Total
Segment profit (loss)
Other items

572,987
1,385,978Depreciation
506,464
306,526
102,038
1,488,016
Notes: 1. The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.
2. Segment assets are not presented as assets are not allocated to segments by business segment.

- 15 -

Current fiscal year (from April 1, 2023 to March 31, 2024)(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

3,067,901

22,534,976

33,917,074

Revenue fromcontracts withcustomers
Other revenue

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers
Total
Segment profit (loss)

Total

Others(Note 1)

Total

5,414,475

31,017,353

1,829,861

32,847,214

4,855,070

10,668,861

49,441,005

531,71249,972,718

36,984,975

27,390,046

16,083,337

80,458,358

2,361,573

82,819,932

–

–

–

–

19,525

19,52536,984,975

27,390,046

16,083,337

80,458,358

2,381,098

82,839,457

–

–

–

–

640

640

36,984,975

27,390,046

16,083,337

80,458,358

2,381,739

82,840,098

1,651,177

4,450,124

119,884

6,221,186(177,836)

6,043,350

Other items
Depreciation
818,579
511,502369,398
1,699,480
109,222
1,808,703
Notes: 1. The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.
2. Segment assets are not presented as assets are not allocated to segments by business segment.

- 16 -

4. Reconciliation of the difference between the total amount of reportable segments and theamount recorded in the consolidated financial statements
Net sales

Previous fiscal year

(Thousands of yen)
Current fiscal year

Reportable segment total

76,205,827

80,458,358

Net sales of the “Others” classification

2,238,786

2,381,739

Elimination of intersegment transactions
Net sales on consolidated financial statements

Profit(640)
82,839,457

Previous fiscal year

Reportable segment total
Profit of the “Others” classification
Other adjustments
Operating profit on consolidated financial statements

Reportable segment total
Other items

Depreciation(767)
78,443,846

Previous
fiscal year

Current
fiscal year

1,385,9781,699,480(Thousands of yen)
Current fiscal year

5,935,303

6,221,186(19,654)(177,836)

4,560

4,560

5,920,209

6,047,910(Thousands of yen)Amount recorded in
OthersAdjustments
consolidated financial
statements
Previous
Current
Previous
Current
Previous Current
fiscal year fiscal year fiscal year fiscal year fiscal year fiscal year
102,038

109,222- 17 -–– 1,488,016 1,808,703

(Per share information)(Yen)
Previous fiscal year
(from April 1, 2022
to March 31, 2023)

Current fiscal year
(from April 1, 2023
to March 31, 2024)

5,699.01

6,260.46

Basic earnings per share

411.23418.27

Diluted earnings per share

411.21–

Net assets per share

Notes: 1. The basis for calculating basic earnings per share and diluted earnings per share is as follows.
Previous fiscal year
(from April 1, 2022
to March 31, 2023)

Current fiscal year
(from April 1, 2023
to March 31, 2024)

Basic earnings per share
Profit attributable to owners of parent(thousands of yen)

4,269,969

4,344,188

Amount not attributable to commonshareholders (thousands of yen)––

Profit attributable to owners of parent
related to common shares (thousandsof yen)4,269,969

4,344,188

Average number of shares ofcommon stock during the period(shares)

10,383,319

10,386,010

Adjusted profit attributable to ownersof parent (thousands of yen)––

Increase in common stock (shares)490–(of which, stock acquisition rights(shares))

(490)

(–)

Summary of diluted shares notincluded in the calculation of diluted
earnings per share due to not having
dilutive effect––Diluted earnings per share

2. The Company’s shares held by the trust account of the stock delivery trust for officers are included intreasury shares deducted from the total number of shares issued and outstanding at the end of the fiscal year
for the purpose of calculating net assets per share (63 thousand shares for the previous fiscal year; 60
thousand shares for the current fiscal year).
In addition, for the purpose of calculating basic earnings per share and diluted earnings per share, shares areincluded in the treasury shares deducted in the calculation of the average number of shares during the period(63 thousand shares for the previous fiscal year; 61 thousand shares for the current fiscal year).
3. The amount of diluted earnings per share in the current fiscal year is not provided because there are no
potential shares.

(Significant subsequent events)
Not applicable.

- 18 -

Supplementary material
Status of production, orders received, and sales(1) Production results
The table below shows production results by segment in the current fiscal year.
Current fiscal year
(from April 1, 2023 to March 31,
2024)

Name of segment

Year-on-year (%)

Automobile-related business(thousands of yen)

37,422,622

119.6

Semiconductor-related business(thousands of yen)

27,656,870

90.9

Other automatic labor-saving
equipment (thousands of yen)

16,324,602

92.9

2,488,830

107.3

83,892,925

102.8

Others (thousands of yen)
Total (thousands of yen)

Note: Amounts are based on selling prices and manufacturing costs before intersegment transfers.

(2) Orders received
The table below shows orders received by segment in the current fiscal year.
Name of segment

Orders received

Year-on-year (%)

Order backlog

Year-on-year (%)

Automobile-related business(thousands of yen)

44,492,794

116.6

39,150,295

123.7

Semiconductor-related business(thousands of yen)

25,107,234

73.7

19,470,330

89.5

Other automatic labor-saving
equipment (thousands of yen)

14,357,507

75.1

6,295,301

78.5

2,281,665

94.2

488,78183.1

86,239,202

92.0

65,404,709

105.5

Others (thousands of yen)
Total (thousands of yen)
Note: Amounts are based on selling prices.

(3) Sales results
The table below shows sales results by segment in the current fiscal year.
Name of segment

Current fiscal year
(from April 1, 2023 to March 31,
2024)

Year-on-year (%)

Automobile-related business(thousands of yen)

36,984,975

122.1

Semiconductor-related business(thousands of yen)

27,390,046

94.6

Other automatic labor-saving
equipment (thousands of yen)

16,083,337

94.9

Others (thousands of yen)

2,381,098

106.4

82,839,457

105.6

Total (thousands of yen)
Note: Intersegment transactions are offset and eliminated.

- 19 -

4. Non-consolidated financial statements and major notes(1) Non-consolidated balance sheet(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Contract assets
Work in process
Raw materials and supplies
Advance payments to suppliers
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
Machinery and equipment
VehiclesTools, furniture and fixtures
Land
Construction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital of subsidiaries andassociates
Prepaid pension costs
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 20 -

As of March 31, 2024

2,394,214
19,828
7,942,601
8,703,440
29,789,459
8,356,308
2,004,287
294,025
1,877,609
61,381,776

2,342,259
2,189
6,891,171
6,639,535
38,702,346
7,183,248
2,587,464
1,119,474
3,084,884
68,552,573

9,209,318
505,707
1,286,096
44,438659,760
9,287,645
839,217
21,832,184

11,239,564
826,859
2,321,876
31,2391,035,575
9,310,179
266,618
25,031,912

25,781
184,458
266,654476,894

25,781
259,086
433,820
718,689

2,271,136
2,289,697

2,694,121
2,289,697

1,374,619

1,248,942

4,582,216
831,029(701,046)
10,647,654
32,956,733
94,338,509

5,408,310
1,189,284(1,063,026)
11,767,329
37,517,931
106,070,505

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Electronically recorded obligations - operating
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Deposits received
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets- 21 -

As of March 31, 2024

2,566,568
4,478,853
12,400,000
9,407,156
881,072
2,462,988
666,862472,073
99,9032,235,939
4,079,962
17,500,000
9,692,490
2,080,394
2,584,989
578,139284,739
158,103110,886

108,107150,000
131,392
197,116
34,024,873

185,000
115,352
1,188,985
40,792,203

7,738,188

9,477,093

125,514

175,996

514,185
2,023,008
632,944
11,033,840
45,058,713

807,449
2,023,008
1,512,286
13,995,834
54,788,038

2,633,962

2,633,962

2,219,962
12,013,737
14,233,700

2,219,962
12,013,737
14,233,700

246,000

246,000

5,500,000
23,740,530
29,486,530(2,429,350)
43,924,843

5,500,000
25,540,213
31,286,213(2,411,289)
45,742,587

656,069
198,362
4,500,520
5,354,952
49,279,795
94,338,509

1,235,771(196,412)
4,500,520
5,539,879
51,282,467
106,070,505

(2) Non-consolidated statement of income(Thousands of yen)
Fiscal year ended
March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commitment fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Insurance claim income
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Loss on valuation of investments in capital ofsubsidiaries and associates
Loss on transportation accident
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit- 22 -

Fiscal year ended
March 31, 2024

60,195,678
49,630,799
10,564,878
6,457,631
4,107,247

64,310,025
53,213,209
11,096,816
7,215,286
3,881,529

401,102
215,680
161,631
778,414

261,747
5,284
138,644405,676

85,235
170,562
6,881
13,533
276,213
4,609,448

111,356
180,710
16,602
6,803
315,472
3,971,733

5,889
78,769–84,659756
567,002412,943
980,702

12,28722,56914,158138–

125,677–
34,856
4,659,250
1,046,180
143,577
1,189,758
3,469,492

349,725
489,699
4,462,735
1,510,468
212,262
1,722,730
2,740,005

(3) Non-consolidated statement of changes in equity
Previous fiscal year (from April 1, 2022 to March 31, 2023)(Thousands of yen)
Shareholders’ equity
Capital surplus

Share capital

Retained earnings
Other retained earnings

Legal capitalsurplus

Other capitalsurplus

Total capital Legal retained
surplusearnings

2,219,962

12,003,772

14,223,735

Total retained
earnings

Generalreserve

Retainedearnings
brought
forward5,500,000

20,906,895

26,652,895

Dividends of surplus(679,000)(679,000)

Profit3,469,492

3,469,492

43,142

43,142

Balance at beginning of period

2,633,962

246,000

Changes during period

Purchase of treasury shares
Disposal of treasury shares
Gain on disposal of treasury
shares

9,964

9,964

Reversal of revaluation reserve
for landNet changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

9,964

9,964

–

–

2,833,634

2,833,634

2,633,962

2,219,962

12,013,737

14,233,700

246,000

5,500,000

23,740,530

29,486,530

Shareholders’ equity

TreasurysharesBalance at beginning of period(2,452,359)

Valuation and translation adjustments

Valuation
Total
difference
shareholders’ on availableequity
for-salesecurities
41,058,234

444,209

Deferred
gains orlosses onhedges

Revaluation
reserve for
land

Total
valuationandtranslation
adjustments

ShareacquisitionrightsTotal net assets(238,178)

4,543,663

4,749,694

28,35345,836,283

Changes during period
Dividends of surplus(679,000)(679,000)

Profit3,469,492

3,469,492

Purchase of treasury shares

(269)

(269)

(269)

Disposal of treasury shares

23,27823,27823,278Gain on disposal of treasury
shares

9,964

9,964

Reversal of revaluation reserve
for land

43,142

43,142

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

211,859

436,541(43,142)605,258(28,353)

576,904

23,0092,866,608

211,859

436,541(43,142)605,258(28,353)

3,443,512(2,429,350)

43,924,843

656,069

198,362

4,500,520

5,354,952–

49,279,795- 23 -

Current fiscal year (from April 1, 2023 to March 31, 2024)(Thousands of yen)
Shareholders’ equity
Capital surplus

Share capital

Retained earnings
Other retained earnings

Legal capitalsurplus

Other capitalsurplus

Total capital Legal retained
surplusearnings

2,219,962

12,013,737

14,233,700

Total retained
earnings

Generalreserve

Retainedearnings
brought
forward5,500,000

23,740,530

29,486,530

Dividends of surplus(940,322)(940,322)

Profit2,740,005

2,740,005

Balance at beginning of period

2,633,962

246,000

Changes during period

Purchase of treasury shares
Disposal of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

–

–

–

–

1,799,683

1,799,683

2,633,962

2,219,962

12,013,737

14,233,700

246,000

5,500,000

25,540,213

31,286,213

Shareholders’ equity

TreasurysharesBalance at beginning of period(2,429,350)

Valuation and translation adjustments

Valuation
Total
difference onshareholders’availableequity
for-salesecurities
43,924,843

656,069

Deferred
gains orlosses onhedges

Revaluation
reserve for
land

Total
valuationandtranslation
adjustments

198,362

4,500,520

5,354,952

Total net assets

49,279,795

Changes during period
Dividends of surplus(940,322)(940,322)

Profit2,740,005

2,740,005

Purchase of treasury shares

(353)

(353)

(353)

Disposal of treasury shares

18,415

18,415

18,415

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

579,702(394,775)

18,061

1,817,744

579,702(394,775)(2,411,289)

45,742,587

1,235,771(196,412)- 24 -

184,926

184,926–

184,926

2,002,671

4,500,520

5,539,879

51,282,467

(4) Notes on non-consolidated financial statements(Notes on going concern assumption)
Not applicable.

- 25 -