CONSOLIDATED FINANCIAL DATA(BASED ON JAPANESE GAAP) [REFERENCE]CONTENTSCONDENSED CONSOLIDATED BALANCE SHEETS(BASED ON JAPANESE GAAP)................................................................................. 66
CONDENSED CONSOLIDATED STATEMENTS OF INCOME(BASED ON JAPANESE GAAP)................................................................................. 68

Annual Report 2010

Secom Co., Ltd.

65

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

ASSETS20102009200820072006

2005

Current assets:
Cash on hand and in banks................................................. ¥ 146,929 ¥0,127,476 ¥0,200,403 ¥0,181,266 ¥ 271,780 ¥0,246,693
Cash deposits for armored car services...............................
48,861
56,667
63,69675,328——Call loans.............................................................................
36,50036,50019,00015,00025,00010,000Notes and accounts receivable, trade..................................
73,844
77,39885,59583,39752,66750,183Due from subscribers...........................................................
20,824
20,13921,125
19,217
17,678
16,204Short-term investments........................................................
15,98916,786
9,306
18,171
83,80973,252
Lease receivables and investment in leased assets..............
14,742
14,993————Inventories...........................................................................
——
27,08025,94564,19440,979Merchandises and products.................................................
10,987
10,730————Real estate inventories.........................................................
18,493
6,177
90,23071,724——Work in process...................................................................
1,427
2,174
—
—
—
—
Costs on uncompleted construction contracts.....................
5,312
9,534
—
—
—
—
Work in process for real estate inventories...........................
55,916
60,950————Raw materials and supplies..................................................
5,932
5,840
—
—
—
—
Deferred income taxes.........................................................
11,684
11,135
11,84011,5979,462
8,207
Short-term loans receivable.................................................
3,088
4,125
7,246
5,097
15,564
46,375
Other...................................................................................
15,275
15,57813,827
19,66013,41917,676
Allowance for doubtful accounts..........................................
(2,207)(2,762)(1,813)(1,923)(1,617)(1,297)				 Total current assets...................................................
483,600
473,445547,538
524,484
551,959
508,274

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

97,692
63,03493,424
18,86985,41565,63189,29722,92384,54565,45081,71633,63687,306
63,67580,34129,485

77,27063,07065,542
28,18372,816
64,104
65,151
21,509Intangible assets..................................................................

21,885

21,331

22,332

23,294

24,384

27,582

Investments and others:		 Investment securities........................................................
187,777
201,923
241,957
243,148
231,096
243,031		 Long-term loans receivable..............................................
50,48859,88054,59955,22357,56442,983		 Prepaid pension and severance costs..............................
18,61818,876
17,834
15,817
11,186
1,527		 Deferred income taxes.....................................................
19,84824,413
22,74015,654
11,256
18,509		 Other................................................................................
44,63046,12947,57945,692
41,21742,258		 Allowance for doubtful accounts.......................................
(18,403)(19,122)(17,455)(15,161)(13,401)(10,292)				 Total fixed assets.......................................................
597,864
616,698
654,936
644,478
597,370
589,183
Deferred assets.....................................................................
213
338
365
219
4790				 Total assets .............................................................. ¥1,081,679 ¥1,090,483 ¥1,202,840 ¥1,169,182 ¥1,149,377 ¥1,097,548

66

Secom Co., Ltd.

Annual Report 2010

In millions of yen

LIABILITIES

2010

2009

2008

2007

2006

2005

Current liabilities:
Notes and accounts payable, trade..................................... ¥ 24,774 ¥0,028,374 ¥0,030,459 ¥0,028,469 ¥ 18,652 ¥0,015,693
Bank loans..........................................................................
48,09485,383136,034
129,169
112,868
108,172
Current portion of straight bonds........................................
1,761
5,036
1,936
3,356
32,210690
Lease obligations................................................................
247
202
————
Payables—other.................................................................
23,35923,19528,98829,88826,34018,959Accrued income taxes........................................................
20,907
18,983
24,61024,97322,15916,197
Accrued consumption taxes...............................................
3,302
2,932
3,456
3,366
2,588
2,698
Accrued expenses..............................................................
3,633
3,534
3,641
3,198
2,085
2,275
Deferred revenue................................................................
33,554
31,29832,061
31,18830,74728,532
Accrued bonuses................................................................
12,13912,741
12,21011,4098,981
8,758
Reserve for litigation losses.................................................
1,770
2,415
—
—
—
—
Accrued bonuses to directors and corporate auditors...........
—
—
—
80
—
—
Reserve for losses on construction contracts......................
145
—
—
—
—
—
Other..................................................................................
36,66042,55846,33758,66546,80544,245				 Total current liabilities...............................................
210,353
256,655
319,737
323,766
303,440
246,222Long-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 .................... ¥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
11,36240,94014,513—28,737423
12,617

2,398

2,244

2,220

2,300

1,565

—

150,180
1,557
246,171456,525

167,0111,621
251,218
507,874

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

160,1421,073
244,299
568,065

245,644
1,043
314,303617,743

278,278
1,724
377,234
623,457

—

—

—

—

35,46932,163

—
—
—
—
—
—
—

—
—
—
—
—
—
—

—
—
—
—
—
—
—

—
—
—
—
—
—
—

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

66,37782,553
346,510
8,167(17,123)(44,558)
441,927— ¥— ¥— ¥— ¥1,149,377 ¥1,097,548

Net Assets
Shareholders’ equity:
Common stock................................................................... ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥Capital surplus....................................................................
83,054
83,054
83,056
83,056
Retained earnings...............................................................
507,434
478,355
475,987432,696
Common stock in treasury, at cost......................................
(74,907)(74,896)(44,877)(44,850)				 Total shareholders’ equity.........................................
581,959
552,891
580,543537,279
Valuation, translation adjustments and others:
Unrealized gains (losses) on securities.................................
Deferred losses on hedges..................................................
Foreign currency translation adjustments............................				 Total valuation, translation adjustments				 and others..............................................................
Minority interests in subsidiaries ........................................

— ¥—
—
—
—

—
—
—
—
—

4,521
(17)
(27,871)(3,901)(27)(30,008)(3,306)(90)(9,907)

10,157(51)(7,253)

—
—
—

—
—
—

(23,367)(33,937)(13,304)

2,853

—

—

66,562

63,65463,03560,983

—

—

—
— ¥—
—				 Total net assets........................................................
625,153582,608630,274
601,116				 Total liabilities and net assets.................................... ¥1,081,679 ¥1,090,483 ¥1,202,840 ¥1,169,182 ¥Annual Report 2010

Secom Co., Ltd.

67

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 yen2010

682009

2008

2007

2006

2005

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

¥654,678 ¥678,400¥682,619 ¥613,976¥567,315 ¥547,230(3.5%)(0.6%)
11.2%
8.2%
3.7%
3.8%

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

415,39063.4

444,77165.6

433,030
63.4

388,78763.3

351,02061.9

341,466
6­2.4

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

239,28836.6

233,62834.4

249,58936.6

225,18936.7

216,29438.1

205,764
37.6

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

140,749
21.5

145,99421.5

144,883
21.3

127,348
20.7

122,185
21.5

122,720
22.4

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

98,53915.1

87,63412.9

104,706
15.3

97,84015.9

94,10916.6

83,04315.2

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

9,158
9,371

12,957
9,666

20,125
10,552

15,087
10,207

15,792
13,232

11,942
11,507

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

98,32715.0

90,92413.4

114,278
16.7

102,720
16.7

96,66917.1

83,47815.3

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

3,370
5,463

482
27,875

2,748
4,984

2,601
3,317

9,349
11,18911,381
10,105

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

96,233
14.7

63,531
9.4

112,043
16.4

102,005
16.6

94,82916.7

84,754
15.5

Income taxes—current...........................................................
Income taxes—deferred.........................................................
Minority interest in subsidiaries...............................................

38,172
4,944
5,505

41,768(3,244)
3,504

42,602
2,656
5,278

39,961(660)
4,404

34,8883,131
3,815

28,7234,145
3,367

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

47,611
7.3
121.4

21,5023.2(65.0)

61,506
9.0
5.5

58,2999.5
10.0

52,9949.39.248,517
8.9
18.0

Secom Co., Ltd.

Annual Report 2010