NONCONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONTENTSCONDENSED NONCONSOLIDATED BALANCE SHEETS(BASED ON JAPANESE GAAP)................................................................................. 70
CONDENSED NONCONSOLIDATED STATEMENTS OF INCOME(BASED ON JAPANESE GAAP)................................................................................. 72

Annual Report 2010

Secom Co., Ltd.

69

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

ASSETS
Current assets:
Cash on hand and in banks.................................................
Cash deposits for armored car services...............................
Notes receivable..................................................................
Due from subscribers...........................................................
Accounts receivable, trade...................................................
Receivables—other..............................................................
Short-term investments........................................................
Merchandise........................................................................
Supplies...............................................................................
Prepaid expenses................................................................
Deferred income taxes.........................................................
Short-term loans receivable.................................................
Short-term loans receivable to subsidiaries andaffiliated companies...........................................................
Other...................................................................................
Allowance for doubtful accounts..........................................				 Total current assets...................................................

2010

2009

2008

2007

2006

2005

¥ 44,607
46,957248
11,434
6,484
2,556
2,429
6,574
1,082
2,016
4,720
171

¥ 31,149
54,258389
11,630
6,732
2,415
455
5,652
1,101
2,034
4,446
173

¥ 77,130
60,821
534
11,661
6,760
2,921
454
6,298
952
1,913
4,714
236

¥ 71,818
67,799667
10,972
6,952
2,218
452
5,991
1,024
2,014
4,750
463

¥167,097
—
476
9,475
6,447
3,876
451
5,928
950
1,798
4,531
298

¥135,400
—
552
9,008
6,228
5,822
451
6,740
1,056
1,728
4,629
17,493

3,669
2,129(450)
134,634

11,471
3,457(567)
134,801

17,7822,720(568)
194,333

13,9102,615(541)
191,111

12,5872,314(604)215,630

24,404
2,614(2,299)
213,831

Fixed assets:
Tangible assets:		 Buildings and improvements............................................		 Automobiles.....................................................................		 Security equipment and control stations...........................		 Machinery and equipment................................................		 Tools, furniture and fixtures...............................................		 Land.................................................................................		 Construction in progress..................................................		 Other................................................................................

22,360368
60,860828
3,519
28,352
1,203
654

23,055386
63,064
1,071
3,717
28,306
1,588
634

21,96912262,419
1,267
3,239
25,9131,961
14

22,124136
60,2841,364
4,216
32,0922,980
22

22,811
166
59,442
1,467
4,379
32,2001,919
32

23,943
132
59,836
1,423
4,514
35,1791,692
47Intangible assets:		 Telephone rights...............................................................		 Telephone and telegraph utility rights................................		 Software...........................................................................		 Other................................................................................

—
—
7,580
975

—
—
6,578
542

—
—
7,184
516

—
834,755
3,419

0112
6,420
83

1,946
147
6,40184

21,76921,26728,66843,165

46,16627,654

193,899

192,775

194,110

166,839

149,535

159,772

1,874
5,088
55

1,874
8,468
40

1,874
8,453
31

1,074
18,30824

974
18,630
24

667
3,122
22

128,727
134,636
8,583
8,702
25,816
26,412
14,364
14,561
14,09914,763
4,334
4,896
800
1,065
(12,544)(13,354)
533,572
545,056¥668,207 ¥679,858

66,354
8,859
26,165
13,769
6,760
4,893
975
(6,812)478,710¥673,043

52,9298,973
24,855
12,213
5,139
4,893
983
(7,200)463,680¥654,791

40,085
9,006
22,175
8,670
6,206
4,893
955
(7,998)428,359¥643,990

14,1608,816
20,335
1,257
10,4505,153
2,877(4,760)384,880¥598,711

Investments and others:		 Investment securities........................................................		 Investment securities in subsidiaries and		 affiliated companies........................................................		 Investments in subsidiaries and		 affiliated companies........................................................		 Long-term loans receivable..............................................		 Long-term loans receivable to employees.........................		 Long-term loans receivable to subsidiaries and		affiliated companies......................................................		 Lease deposits.................................................................		 Long-term prepaid expenses............................................		 Prepaid pension and severance costs..............................		 Deferred income taxes.....................................................		 Insurance funds................................................................		 Other................................................................................		 Allowance for doubtful accounts.......................................				 Total fixed assets.......................................................				 Total assets...............................................................

70Secom Co., Ltd.

Annual Report 2010

In millions of yen

LIABILITIESCurrent liabilities:
Accounts payable...............................................................
Bank loans..........................................................................
Current portion of straight bonds.........................................
Lease obligations................................................................
Payables—other.................................................................
Payables—construction......................................................
Accrued income taxes........................................................
Accrued consumption taxes...............................................
Accrued expenses..............................................................
Deposits received...............................................................
Deferred revenue................................................................
Accrued bonuses................................................................
Other..................................................................................				 Total current liabilities...............................................
Long-term liabilities:
Straight bonds....................................................................
Lease obligations................................................................
Guarantee deposits received...............................................
Accrued pension and severance costs................................
Accrued retirement benefits for directors andcorporate auditors............................................................
Other..................................................................................				 Total long-term liabilities...........................................				 Total liabilities...........................................................
Shareholders’ equity
Common stock...................................................................
Capital surplus:		 Additional paid-in capital.................................................				 Total capital surplus..................................................
Retained earnings:		 Legal reserve...................................................................		 Voluntary reserve:			 Reserve for system developments...............................			 Reserve for tax deferral on asset replacement..............			 General reserve............................................................				 Total voluntary reserve..............................................		 Unappropriated retained earnings....................................				 Total retained earnings.............................................
Unrealized gains on securities.............................................
Common stock in treasury, at cost......................................				 Total shareholders’ equity.........................................				 Total liabilities and shareholders’ equity ...................
Net assets
Shareholders’ equity:
Common stock...................................................................
Capital surplus:		 Additional paid-in capital.................................................		 Other capital surplus.......................................................				 Total capital surplus..................................................
Retained earnings:		 Legal reserve...................................................................		 Other retained earnings:			 Reserve for system developments...............................			 General reserve............................................................			 Accumulated earnings carried forward.........................				 Total retained earnings.............................................
Common stock in treasury, at cost......................................				 Total shareholders’ equity.........................................
Valuation, translation adjustments and others:
Unrealized gains (losses) on securities.................................				 Total valuation, translation adjustments				 and others..............................................................				 Total net assets........................................................				 Total liabilities and net assets....................................

2009

2010

¥2,00924,492—51
10,811
3,425
14,637
1,491
555
23,62522,5585,493
2,133
111,287¥

2,319
60,893—43
10,981
3,742
11,8491,622
597
28,451
22,735
5,537
1,928
150,704

2008

2007

2,757
30,401——
10,8383,607
15,8341,566
640
31,29922,903
5,372
1,958
127,180¥002,573
27,667——
12,596
3,825
15,7752,029
639
41,60322,7355,207
895
135,548

¥

2006

2005

3,168
26,06930,000—12,987
3,634
15,312
1,509
651
34,442
22,371
5,232
1,938
157,317¥002,113
31,473——
10,201
3,113
10,2791,306
599
31,146
21,727
4,967
1,764
118,694¥—
182
17,965
4,394—
192
18,146
4,766——
18,174
5,087——
18,4495,370——
18,244
5,581

30,000—18,014
5,713

1,174
272
23,989135,276

1,104
12
24,221
174,926

1,070—
24,333
151,513

1,268—
25,088160,637

1,201—
25,027
182,344——
53,728172,423

—

—

—

—

66,377

66,377

—
—

—
—

—
—

—
—

83,054
83,05482,55382,553

—

—

—

—

9,028

9,028

—
—
—
—
—
—
—
—
—
—

—
—
—
—
—
—
—
—
—
—

—
—
—
—
—
—
—
—
—
—

—
—
—
—
—
—
—
—
—
—

800
24
2,212
3,036
339,293351,3585,604(44,749)
461,646¥643,990

800
25
2,212
3,037
306,766
318,832
3,082(44,558)
426,288¥598,711¥¥¥¥¥¥¥ 66,377¥ 66,377¥ 66,377¥ 66,377

83,054—
83,054

83,054—
83,054

83,054
1
83,056

83,054
1
83,056

—
—
—

—
—
—

9,028

9,028

9,028

9,028

—

—

800
2,212
445,579
457,620(74,907)532,145800
2,212
418,306
430,347(74,896)504,883

800
2,212
405,015
417,055(44,877)
521,612800
2,212
372,966
385,006(44,850)
489,590

—
—
—
—
—
—

—
—
—
—
—
—

786

48

(82)

4,564

—

—

786
532,931¥668,207

48504,932¥679,858(82)
521,529¥673,043

4,564
494,154¥654,791——————¥

Annual Report 2010—¥

—Secom Co., Ltd.

71

NONCONSOLIDATED FINANCIAL DATA (BASED ON JAPANESE GAAP) [REFERENCE]CONDENSED NONCONSOLIDATED STATEMENTS OF INCOME (BASED ON JAPANESE GAAP)SECOM CO., LTD.
Years ended March 31
In millions of yen
2010

72

2009

2008

2007

2006

2005

Revenue ................................................................................		 Percentage change from prior year..................................
Service charges..................................................................		 Percentage change from prior year..................................
Sales of merchandise..........................................................		 Percentage change from prior year..................................

¥328,773 ¥336,893¥337,611 ¥326,076¥313,096 ¥297,782(2.4%)(0.2%)
3.5%
4.1%
5.1%
3.2%
291,325
294,386
291,350
282,247
272,876
261,918
(1.0)
1.0
3.2
3.4
4.2
2.0
37,44742,506
46,261
43,82940,22035,863(11.9)
(8.1)
5.5
9.0
12.1
13.5

Costs.....................................................................................		 As a percentage of revenue.............................................
Costs of service..................................................................		 As a percentage of service charges.................................
Costs of sales.....................................................................		 As a percentage of merchandise sales............................

188,701
57.4
160,349
55.0
28,352
75.7

193,84257.5
161,548
54.9
32,29476.0

192,41757.0
158,03154.2
34,386
74.3

183,34156.2
151,53253.7
31,80972.6

171,80354.9
142,473
52.2
29,32972.9

164,51855.2
138,298
52.8
26,21973.1

Gross profit.............................................................................		 As a percentage of revenue.............................................
Gross profit on service........................................................		 As a percentage of service charges.................................
Gross profit on sales...........................................................		 As a percentage of merchandise sales............................

140,07242.6
130,976
45.0
9,095
24.3

143,05042.5
132,83845.1
10,21224.0

145,19343.0
133,31845.8
11,87425.7

142,73443.8
130,71546.3
12,01927.4

141,29345.1
130,40247.8
10,89027.1

133,26344.8
123,620
47.2
9,643
26.9

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

68,54420.8

70,43420.9

71,03821.0

69,33021.3

69,121
22.0

67,232
22.6

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

71,52721.8

72,61621.6

74,15522.0

73,40422.5

72,172
23.1

66,031
22.2

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

9,225
3,290

9,7213,990

9,607
4,575

7,942
4,763

6,299
7,506

6,241
6,052

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

77,462
23.6

78,34623.3

79,18723.5

76,58323.5

70,96422.7

66,21922.2

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

561
4,639

67
27,068

2,221
566

1,246
1,141

6,147
5,615

1,083
5,915

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

73,38422.3

51,34515.2

80,842
23.9

76,68823.5

71,49622.8

61,388
20.6

Income taxes..........................................................................		 Effective tax rate..............................................................

27,57837.6

18,93136.9

30,79538.1

29,443
38.4

27,617
38.6

23,684
38.6

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

45,80613.9
41.3

32,4149.6(35.2)

50,04614.8
5.9

47,24514.5
7.7

43,87914.0
16.4

37,704
12.7
10.0

Secom Co., Ltd.

Annual Report 2010