CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]

Contents
Condensed Consolidated Balance Sheets(Based on Japanese GAAP)............................................................................................. 98
Condensed Consolidated Statements of Income(Based on Japanese GAAP)............................................................................................. 100
Consolidated Statements of Comprehensive Income(Based on Japanese GAAP)............................................................................................. 100

SECOM Annual Report 201997

Condensed Consolidated Balance Sheets (Based on Japanese GAAP)SECOM CO., LTD. and Subsidiaries
As of March 31

In millions of yenASSETS

98

2019

2018

2017

2016

2015

2014

Current assets:
Cash on hand and in banks ................................................................................ ¥Cash deposits for armored car services ......................................................
Call loans ........................................................................................................................
Notes and accounts receivable, trade..........................................................
Due from subscribers .............................................................................................
Short-term investments........................................................................................
Lease receivables and investments in leased assets...........................
Merchandise and products ................................................................................
Real estate inventories...........................................................................................
Work in process..........................................................................................................
Costs on uncompleted construction contracts.....................................
Work in process for real estate inventories ...............................................
Raw materials and supplies ................................................................................
Deferred income taxes ..........................................................................................
Short-term loans receivable ...............................................................................
Other.................................................................................................................................
Allowance for doubtful accounts ...................................................................
Total current assets .................................................................................

350,319
142,335—
133,659
41,61625,382
41,82614,146
5,864
5,872
10,97130,743
10,398—4,398
31,000(1,775)
846,759¥ 317,267
135,808—
129,984
35,272
17,36045,544
12,321
4,766
5,057
10,441
39,688
8,849
—
5,196
26,352(1,818)792,094¥ 302,364
130,619—
119,801
33,09029,38743,974
11,915
5,223
4,913
8,979
22,2838,385
14,003
4,942
23,684(1,766)
761,804¥ 228,458
128,267—
122,048
31,812
34,44839,542
13,099
3,527
5,557
9,070
23,024
8,579
12,728
4,086
27,375(1,883)689,744¥ 232,221
50,395
15,500114,071
26,31628,517
39,242
14,163
3,063
4,031
9,460
21,058
7,913
12,8082,268
21,111(1,997)600,146¥ 210,514
58,597
20,500115,318
25,174
12,95533,18814,186
33
4,602
8,983
15,396
7,573
13,254
2,699
17,623(2,026)558,574

Fixed assets:
Tangible assets:
Buildings and improvements, net ............................................................
Security equipment and control stations, net ..................................
Land.............................................................................................................................
Other, net .................................................................................................................
Total tangible assets...............................................................................

148,693
71,715
116,876
41,115
378,401

148,62270,872
114,287
39,907
373,689

150,254
69,569116,825
39,886
376,536

148,828
71,447
116,613
39,415376,305

148,375
70,478
119,604
23,702
362,161

153,278
68,759113,946
24,849360,833

Intangible assets........................................................................................................

128,215

131,028

112,131

119,505

49,41153,596

Investments and others:
Investment securities .......................................................................................
269,575
Long-term loans receivable..........................................................................
35,284
Net defined benefit asset...............................................................................
38,488Deferred income taxes.....................................................................................
27,469Other ...........................................................................................................................
53,952
Allowance for doubtful accounts..............................................................
(13,042)
Total investments and others...........................................................
411,728
Total fixed assets.......................................................................................
918,346
Deferred assets .............................................................................................................
—
Total assets ................................................................................................... ¥1,765,105

280,659
35,284
41,40921,65852,332(13,033)
418,311923,029—¥1,715,123

280,974
38,40335,282
9,592
51,436(15,990)399,698
888,367
4¥1,650,176

264,400
39,40130,796
8,602
54,978(15,698)
382,482
878,29314¥1,568,052

284,32242,90435,0104,874
49,382(17,525)
398,969
810,541
26¥1,410,715

246,233
45,701
17,612
13,521
48,486(16,352)
355,203769,633
17¥1,328,226

SECOM Annual Report 2019

In millions of yen

LIABILITIES2019

Current liabilities:
Notes and accounts payable, trade.............................................................. ¥ 45,826
Bank loans.....................................................................................................................
39,126
Current portion of straight bonds .................................................................
2,009
Lease obligations .....................................................................................................
4,875
Payables—other .......................................................................................................
42,645
Accrued income taxes ..........................................................................................
22,767
Accrued consumption taxes.............................................................................
7,209
Accrued expenses ...................................................................................................
7,329
Deposits received for armored car services.............................................
121,086
Deferred revenue .....................................................................................................
30,438
Accrued bonuses .....................................................................................................
17,255
Provision for loss on construction contracts...........................................
2,913
Other................................................................................................................................
25,975
Total current liabilities..........................................................................
369,458
Long-term liabilities:
Straight bonds............................................................................................................
Long-term loans .......................................................................................................
Lease obligations .....................................................................................................
Guarantee deposits received............................................................................
Deferred income taxes..........................................................................................
Accrued retirement benefits for directors andaudit and supervisory board members...................................................
Net defined benefit liability...............................................................................
Investment deposits by policyholders, unearned
premiums and other insurance liabilities...............................................
Other................................................................................................................................
Total long-term liabilities ...................................................................
Total liabilities............................................................................................

2018

¥

43,92941,558795
4,932
40,10225,896
7,959
7,084
113,830
30,30916,2092,436
22,499357,5442017¥

44,63544,9691,460
4,752
37,46927,557
5,765
5,315
107,878
30,552
15,447
2,532
25,596353,933

2016¥

41,79455,283
2,582
4,724
38,37622,341
6,611
5,562
101,306
31,38915,524
1,397
20,738347,633

2015¥

43,16044,9651,414
503
33,84921,063
12,878
4,653
16,94531,34814,652
1,612
20,707
247,755

2014¥

49,40952,1204,640
579
31,316
27,744
4,151
4,625
17,76531,027
14,437
1,981
16,883
256,684

4,702
10,063
11,96032,9558,735

5,322
12,721
11,902
33,181
14,217

7,003
14,123
11,77733,907
21,9438,251
20,033
11,95435,002
14,026

8,413
20,602
3,712
36,00013,554

7,796
17,256
4,183
36,542
11,1691,046
22,953

1,421
21,8491,306
22,4281,387
22,816

1,415
18,504

1,635
18,569172,866
4,406
269,691
639,150

172,345
3,403
276,366
633,910

166,155
4,342
282,989
636,922

159,636
4,166
277,274
624,907150,119
3,295
255,618
503,374

141,099
2,918
241,171497,856

NET ASSETS
Shareholders’ equity:
Common stock .......................................................................................................... ¥ 66,392
80,360Capital surplus ...........................................................................................................
Retained earnings....................................................................................................
908,852
Common stock in treasury, at cost ...............................................................
(73,759)
Total shareholders’ equity ..................................................................
981,846¥

66,38580,328
851,764(73,748)924,729¥

66,37780,297
797,493(73,731)
870,437¥

66,37780,326743,353(73,717)816,340¥

66,37780,265
694,688(73,701)
767,630¥

66,377
83,054656,286(73,682)732,036

Accumulated other comprehensive income:Unrealized gains on securities .........................................................................
Deferred losses on hedges.................................................................................
Foreign currency translation adjustments ...............................................
Remeasurements of defined benefit plans, net of taxes.................
Total accumulated other comprehensive income ............

18,157(21)(10,683)
6,421
13,87323,759(24)(5,774)
9,933
27,89425,125(30)(7,954)
4,423
21,563

19,964(40)(2,196)(783)
16,94426,981
(34)
1,477
4,390
32,815

12,504(33)(10,885)(3,506)(1,921)

Noncontrolling interests ......................................................................................

130,234

128,589

121,253

109,859

106,895

100,253

Total net assets ......................................................................................... 1,125,954
Total liabilities and net assets .......................................................... ¥1,765,105

1,081,213¥1,715,123

1,013,253¥1,650,176

943,144¥1,568,052

907,341¥1,410,715

830,369¥1,328,226

SECOM Annual Report 201999

Condensed Consolidated Statements of Income (Based on Japanese GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31In millions of yen2019

2018

2017

2016

2015

2014

Revenue¥1,013,823
4.5%
Percentage change from prior year ...................................................

¥970,624
4.6%¥928,098
5.3%¥881,028
4.8%¥840,722
2.2%¥822,228
7.4%

Costs of revenue ...................................................................................................
As a percentage of revenue ....................................................................

692,21168.3

652,67367.2

621,412
67.0

586,53966.6

557,884
66.4

542,949
66.0

Gross profit ...............................................................................................................
As a percentage of revenue ....................................................................

321,61131.7

317,95032.8

306,686
33.0

294,48833.4

282,83733.6

279,278
34.0

Selling, general and administrative expenses ....................................
As a percentage of revenue ....................................................................

191,39718.9

182,50218.8

175,63618.9

165,906
18.8

159,22218.9

159,259
19.4

Operating profit.....................................................................................................
As a percentage of revenue ....................................................................

130,21312.8

135,44814.0

131,050
14.1

128,582
14.6

123,61514.7

120,018
14.6

Non-operating income .....................................................................................
Non-operating expenses .................................................................................

19,646
4,970

13,152
4,281

22,371
6,388

11,3805,136

18,366
5,293

13,1006,441

Ordinary profit ........................................................................................................
As a percentage of revenue ....................................................................

144,889
14.3

144,31814.9

147,033
15.8

134,826
15.3

136,68816.3

126,677
15.4

Extraordinary profit..............................................................................................
Extraordinary losses ............................................................................................

1,909
2,838

2,471
2,545

516
5,697

1,584
15,003

1,962
11,384

2,025
3,876

Income before income taxes ........................................................................
As a percentage of revenue ....................................................................

143,960
14.2

144,24514.9

141,852
15.3

121,40813.8

127,265
15.1

124,826
15.2

Income taxes—current.....................................................................................
Income taxes—deferred ..................................................................................

47,001(7,808)54,811(9,314)43,3262,369

39,150(526)

43,156(37)

48,485(2,110)Net income...............................................................................................................

104,766

98,74896,15682,784

84,14678,451

Net income attributable to noncontrolling interests.....................

12,757

11,755

11,986

5,745

8,754

8,574

Net income attributable to owners of the parent ...........................
As a percentage of revenue ....................................................................
Percentage change from prior year ...................................................

92,0099.1
5.8

86,9939.0
3.4

84,170
9.1
9.3

77,0398.7
2.2

75,3929.0
7.9

69,8768.5
9.8

Consolidated Statements of Comprehensive Income (Based on Japanese GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31

100

In millions of yen2019

2018

2017

2016

2015

2014

Net income...............................................................................................................
Other comprehensive income (loss):
Unrealized gains (losses) on securities ..............................................
Deferred gains on hedges.........................................................................
Foreign currency translation adjustments ......................................
Remeasurements of defined benefit plans ....................................
Share of other comprehensive gains (losses) of affiliatedcompanies accounted for under the equity method ...........

¥104,766¥ 98,748¥ 96,156¥ 82,784¥ 84,146¥78,451(5,740)(0)(2,616)(3,056)(1,649)0(1,003)
5,595

5,324
—
(3,539)
4,698(7,103)—(1,616)(6,163)

15,058
—
9,527
8,581

543
—
11,787—(3,439)3,876(1,327)(2,743)

3,676

6,649

Total other comprehensive income (loss) .................................

(14,853)

6,819

5,155

(17,626)

36,843

18,980Comprehensive income...................................................................................

89,913

105,568

101,31265,157

120,990

97,431

Comprehensive income attributable to:
Owners of the parent company ............................................................
Noncontrolling interests ............................................................................

77,988
11,924

93,323
12,24488,78912,522

61,1683,989

110,128
10,861

87,4809,950

SECOM Annual Report 2019