CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONTENTSCONDENSED CONSOLIDATED BALANCE SHEETS(BASED ON JAPANESE GAAP).................................................................................... 72
CONDENSED CONSOLIDATED STATEMENTS OF INCOME(BASED ON JAPANESE GAAP).................................................................................... 74
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(BASED ON JAPANESE GAAP).................................................................................... 74

Secom Co., Ltd.
Annual Report 201171

CONSOLIDATED FINANCIAL DATA (BASED ON JAPANESE GAAP) [REFERENCE]CONDENSED CONSOLIDATED BALANCE SHEETS (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
As of March 31
In millions of yen

ASSETS20112010

20092008

2007

2006

Current assets:
Cash on hand and in banks.................................................. ¥ 172,958 ¥ 146,929 ¥0,127,476 ¥0,200,403 ¥0,181,266 ¥ 271,780
Cash deposits for armored car services.................................
56,546
48,861
56,667
63,69675,328—Call loans.............................................................................
29,50036,50036,50019,00015,00025,000Notes and accounts receivable, trade....................................
73,956
73,844
77,39885,59583,39752,667
Due from subscribers............................................................
22,754
20,824
20,13921,125
19,217
17,678
Short-term investments........................................................
7,313
15,98916,786
9,306
18,171
83,809Lease receivables and investment in leased assets.................
15,433
14,742
14,993———Inventories...........................................................................
———
27,08025,94564,194Merchandises and products..................................................
8,823
10,987
10,730———Real estate inventories..........................................................
11,481
18,493
6,177
90,23071,724—Work in process...................................................................
2,249
1,427
2,174
—
—
—
Costs on uncompleted construction contracts......................
4,233
5,312
9,534
—
—
—
Work in process for real estate inventories............................
48,29655,916
60,950———Raw materials and supplies...................................................
5,750
5,932
5,840
—
—
—
Deferred income taxes..........................................................
12,216
11,684
11,135
11,84011,597
9,462
Short-term loans receivable..................................................
3,9083,088
4,125
7,246
5,097
15,564
Other .................................................................................
12,566
15,275
15,57813,827
19,66013,419Allowance for doubtful accounts..........................................
(1,704)(2,207)(2,762)(1,813)(1,923)(1,617)				 Total current assets....................................................
486,284
483,600
473,445547,538
524,484
551,959

Fixed assets:
Tangible assets:		 Buildings and improvements.............................................		 Security equipment and control stations...........................		 Land.................................................................................		 Other................................................................................

102,855
63,49097,73018,63897,692
63,03493,424
18,86985,41565,63189,29722,92384,54565,45081,71633,63687,306
63,67580,341
29,48577,27063,07065,542
28,183

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

25,553

21,885

21,331

22,332

23,294

24,384

Investments and others:		 Investment securities.........................................................
188,001
187,777
201,923
241,957
243,148
231,096		 Long-term loans receivable...............................................
47,57650,48859,88054,59955,22357,564		 Prepaid pension and severance costs.................................
18,73018,61818,876
17,834
15,817
11,186		 Deferred income taxes......................................................
20,11019,84824,41322,74015,654
11,256		 Other................................................................................
43,422
44,63046,12947,57945,692
41,217		 Allowance for doubtful accounts......................................
(18,111)(18,403)(19,122)(17,455)(15,161)(13,401)				 Total fixed assets........................................................
607,998
597,864
616,698
654,936
644,478
597,370
Deferred assets.....................................................................
117
213
338
365
219
47				 Total assets ............................................................... ¥1,094,400 ¥1,081,679 ¥1,090,483 ¥1,202,840 ¥1,169,182 ¥1,149,377

72

Secom Co., Ltd.
Annual Report 2011

In millions of yen

LIABILITIES

2011

2010

2009

2008

2007

2006

Current liabilities:
Notes and accounts payable, trade...................................... ¥ 25,959 ¥ 24,774 ¥0,028,374 ¥0,030,459 ¥0,028,469 ¥ 18,652
Bank loans..........................................................................
47,42648,09485,383136,034
129,169
112,868Current portion of straight bonds........................................
2,914
1,761
5,036
1,936
3,356
32,210
Lease obligations.................................................................
354
247
202
———
Payables—other..................................................................
22,85723,35923,19528,98829,88826,340Accrued income taxes.........................................................
19,353
20,907
18,983
24,61024,97322,159Accrued consumption taxes.................................................
2,850
3,302
2,932
3,456
3,366
2,588
Accrued expenses................................................................
3,7923,633
3,534
3,641
3,198
2,085
Deferred revenue................................................................
30,58233,554
31,29832,061
31,18830,747
Accrued bonuses.................................................................
11,925
12,13912,741
12,21011,4098,981
Reserve for litigation losses..................................................
—
1,770
2,415
—
—
—
Accrued bonuses to directors and corporate auditors.............
—
—
—
—
80
—
Reserve for losses on construction contracts........................
530
145
—
—
—
—
Other..................................................................................
33,52736,66042,55846,33758,66546,805				 Total current liabilities...............................................
202,074
210,353
256,655
319,737
323,766
303,440
Long-term liabilities:
Straight bonds.....................................................................
Long-term loans..................................................................
Lease obligations.................................................................
Guarantee deposits received................................................
Deferred income taxes.........................................................
Accrued pension and severance costs..................................
Accrued retirement benefits for directors andcorporate auditors.............................................................
Investment deposits by policyholders, unearned
premiums and other insurance liabilities............................
Other..................................................................................				 Total long-term liabilities...........................................				 Total liabilities...........................................................
Minority interests in subsidiaries . .................................
Shareholders’ equity
Common stock....................................................................
Capital surplus....................................................................
Retained earnings...............................................................
Unrealized gains (losses) on securities..................................
Foreign currency translation adjustments.............................
Common stock in treasury, at cost.......................................				 Total shareholders’ equity.........................................				 Total liabilities, minority interests in				 subsidiaries and shareholders’ equity ..................... ¥14,091
21,586
3,080
38,091
8,909
13,097

17,006
16,085501
36,777
8,399
13,264

12,673
15,338571
34,2103,740
13,807

13,52420,024—32,532
5,042
16,096

13,941
14,363—32,164
2,717
17,596

11,18013,444—28,982
1,079
11,362

2,433

2,398

2,244

2,220

2,300

1,565

135,498
1,481
238,270
440,344

150,180
1,557
246,171456,525

167,0111,621
251,218
507,874

162,329
1,057
252,828
572,565

160,142
1,073
244,299
568,065

245,644
1,043
314,303617,743

—

—

—

—

—

35,469

—
—
—
—
—
—
—

—
—
—
—
—
—
—

—
—
—
—
—
—
—

—
—
—
—
—
—
—

—
—
—
—
—
—
—

66,377
83,054
388,077
13,230(9,825)(44,749)
496,164— ¥— ¥— ¥— ¥— ¥1,149,377

Net Assets
Shareholders’ equity:
Common stock.................................................................... ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥Capital surplus....................................................................
83,054
83,054
83,054
83,056
83,056
Retained earnings...............................................................
549,747
507,434
478,355
475,987432,696
Common stock in treasury, at cost.......................................
(74,923)(74,907)(74,896)(44,877)(44,850)				 Total shareholders’ equity.........................................
624,255
581,959
552,891
580,543537,279—————

Accumulated other comprehensive income:Unrealized gains (losses) on securities..................................
Deferred losses on hedges...................................................
Foreign currency translation adjustments.............................				 Total accumulated other comprehensive income.......

2,192
(35)
(34,166)(32,010)

4,521
(17)
(27,871)(23,367)(3,901)(27)(30,008)(33,937)(3,306)(90)(9,907)(13,304)

10,157(51)(7,253)
2,853

—
—
—
—

Minority interests in subsidiaries ......................................

61,81066,562

63,65463,03560,983—				 Total net assets.........................................................
654,055
625,153582,608630,274
601,116				 Total liabilities and net assets.................................... ¥1,094,400 ¥1,081,679 ¥1,090,483 ¥1,202,840 ¥1,169,182 ¥——Secom Co., Ltd.
Annual Report 201173

CONSOLIDATED FINANCIAL DATA (BASED ON JAPANESE GAAP) [REFERENCE]CONDENSED CONSOLIDATED STATEMENTS OF INCOME (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31
In millions of yen
2011

2010

20092008

2007

2006

Revenue ................................................................................		 Percentage change from prior year..................................

¥663,887 ¥654,678¥678,400 ¥682,619¥613,976 ¥567,315
1.4%(3.5%)(0.6%)
11.2%
8.2%
3.7%

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

423,98363.9

415,39063.4

444,77165.6

433,030
63.4

388,78763.3

351,020
61.9

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

239,904
36.1

239,28836.6

233,62834.4

249,58936.6

225,189
36.7216,294
38.1

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

140,76221.2

140,749
21.5

145,99421.5

144,883
21.3

127,348
20.7

122,185
21.5

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

99,141
14.9

98,53915.1

87,63412.9

104,706
15.3

97,84015.9

94,10916.6

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

17,428
6,895

9,158
9,371

12,957
9,666

20,125
10,552

15,087
10,207

15,792
13,232

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

109,674
16.5

98,32715.0

90,92413.4

114,278
16.7

102,720
16.7

96,66917.1

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

1,717
5,749

3,370
5,463

482
27,875

2,748
4,984

2,601
3,317

9,349
11,189

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

105,642
15.9

96,233
14.7

63,531
9.4

112,043
16.4

102,005
16.6

94,829
16.7

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

37,303
1,383

38,172
4,944

41,768(3,244)42,602
2,656

39,961(660)

34,8883,131

Net income before minority interests in subsidiaries................

66,955—————

Minority interests in subsidiaries..............................................

6,109

5,505

3,504

5,278

4,404

3,815

Net income.............................................................................		 As a percentage of revenue.............................................		 Percentage change from prior year..................................

60,8469.2
27.8

47,611
7.3
121.4

21,5023.2(65.0)

61,506
9.0
5.5

58,2999.5
10.0

52,994
9.3
9.2

CONSOLIDATED STATEMENTs OF COMPREHENSIVE INCOME (BASED ON JAPANESE GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31

74

In millions of yen
2011

2010

2009

2008

2007

2006

Net income before minority interests in subsidiaries................
Other comprehensive income:Unrealized losses on securities.............................................
Deferred gains on hedges....................................................
Foreign currency translation adjustments.............................
Share of other comprehensive losses of affiliatedcompanies accounted for under the equity method...........

¥66,955

¥—

¥—

¥—

¥—

¥—

(2,970)16(5,191)

—
—
—

—
—
—

—
—
—

—
—
—

—
—
—

(1,069)

—

—

—

—

—		 Total other comprehensive income...................................

(9,214)

—

—

—

—

—

Comprehensive income...........................................................

57,740

—

—

—

—

—

Comprehensive income attributable to:Comprehensive income attributable to owners of
the parent company..........................................................
Comprehensive income attributable to minority interests.....

52,203
5,537

—
—

—
—

—
—

—
—

—
—

Secom Co., Ltd.
Annual Report 2011