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

Contents
Condensed Consolidated Balance Sheets(Based on Japanese GAAP)............................................................................................. 88
Condensed Consolidated Statements of Income(Based on Japanese GAAP)............................................................................................. 90
Consolidated Statements of Comprehensive Income(Based on Japanese GAAP)............................................................................................. 90

SECOM Annual Report 201887

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

In millions of yenASSETS

882018

2017

2016

2015

2014

2013

Current assets:
Cash on hand and in banks ................................................................................. ¥ 317,267
Cash deposits for armored car services .......................................................
135,808
Call loans .........................................................................................................................
—
Notes and accounts receivable, trade ..........................................................
129,984
Due from subscribers ..............................................................................................
35,272
Short-term investments.........................................................................................
17,360
Lease receivables and investments in leased assets............................
45,544Merchandise and products .................................................................................
12,321
Real estate inventories............................................................................................
4,766
Work in process...........................................................................................................
5,057
Costs on uncompleted construction contracts......................................
10,441Work in process for real estate inventories ................................................
39,688Raw materials and supplies .................................................................................
8,849
Deferred income taxes ...........................................................................................
14,651
Short-term loans receivable ................................................................................
5,196
Other ..............................................................................................................................
26,352
Allowance for doubtful accounts ....................................................................
(1,818)
Total current assets ..................................................................................
806,746¥ 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
26,31628,51739,242
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¥ 175,427
56,08946,500106,638
24,05914,72327,56912,321
12,944
4,526
7,563
13,3486,430
14,384
4,158
18,453(2,302)542,836

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

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

155,839
67,200115,652
22,839361,532

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

131,028

112,131

119,505

49,41153,59655,079Investments and others:
Investment securities ........................................................................................
280,659
Long-term loans receivable...........................................................................
35,284
Prepaid pension and severance costs.....................................................
—Net defined benefit asset................................................................................
41,409Deferred income taxes .....................................................................................
12,150
Other ............................................................................................................................
52,332
Allowance for doubtful accounts ..............................................................
(13,033)
Total investments and others ...........................................................
408,803
Total fixed assets .......................................................................................
913,521
Deferred assets ..............................................................................................................
—
Total assets .................................................................................................... ¥1,720,268

280,974
38,403—35,282
9,592
51,436(15,990)399,698
888,367
4¥1,650,176

264,400
39,401—30,796
8,602
54,978(15,698)
382,482
878,29314¥1,568,052

284,32242,904—35,0104,874
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

189,042
42,33819,572—
11,711
43,706(16,742)
289,629706,241
32¥1,249,110

SECOM Annual Report 2018

In millions of yen

LIABILITIES2018

Current liabilities:
Notes and accounts payable, trade.................................................................. ¥ 43,929
Bank loans ........................................................................................................................
41,558Current portion of straight bonds .....................................................................
795
Lease obligations .........................................................................................................
4,932
Payables—other ...........................................................................................................
40,102
Accrued income taxes ..............................................................................................
25,896
Accrued consumption taxes.................................................................................
7,959
Accrued expenses .......................................................................................................
7,084
Deposits received for armored car services ................................................
113,830
Deferred revenue .........................................................................................................
30,309Accrued bonuses .........................................................................................................
16,209Provision for loss on construction contracts...............................................
2,436
Other....................................................................................................................................
22,499Total current liabilities..............................................................................
357,544
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 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................................................................................................

2017

¥

44,63544,9691,460
4,752
37,46927,557
5,765
5,315107,878
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

2013¥

43,68442,3504,487
537
31,40629,282
4,377
4,571
24,86230,88014,031
1,714
15,691
247,879

5,322
12,721
11,902
33,181
19,362—

7,003
14,123
11,77733,907
21,943—8,251
20,033
11,95435,002
14,026—

8,413
20,602
3,712
36,00013,554—

7,796
17,256
4,183
36,542
11,169—8,847
19,8283,438
36,125
13,40017,137

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

1,415
18,504

1,635
18,5692,443—

172,345
3,403
281,510
639,054

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

133,6272,242
237,091
484,970

NET ASSETS
Shareholders’ equity:
Common stock .............................................................................................................. ¥ 66,385
Capital surplus ...............................................................................................................
80,328Retained earnings .......................................................................................................
851,764
Common stock in treasury, at cost ...................................................................
(73,748)
Total shareholders’ equity ......................................................................
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¥

66,377
83,054609,275(73,664)
685,042

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 ................

23,759(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)

11,783(41)(27,760)—(16,018)

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

128,589

121,253

109,859

106,895

100,253

95,114

Total net assets ............................................................................................. 1,081,213
Total liabilities and net assets .............................................................. ¥1,720,268

1,013,253¥1,650,176

943,144¥1,568,052

907,341¥1,410,715

830,369¥1,328,226

764,139¥1,249,110

SECOM Annual Report 201889Condensed Consolidated Statements of Income (Based on Japanese GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 31

In millions of yen2018

2017

2016

2015

2014

2013

Revenue ................................................................................................................................
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%¥765,635
12.7%

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

652,67367.2

621,412
67.0

586,53966.6

557,884
66.4

542,94966.0

504,006
65.8

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

317,95032.8

306,686
33.0

294,48833.4

282,83733.6

279,278
34.0

261,629
34.2

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

182,50218.8

175,63618.9

165,906
18.8

159,22218.9

159,259
19.4

153,258
20.0

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

135,44814.0

131,050
14.1

128,582
14.6

123,61514.7

120,018
14.6

108,370
14.2

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

13,152
4,281

22,371
6,388

11,3805,136

18,366
5,293

13,1006,441

11,171
5,922

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

144,31814.9

147,033
15.8

134,826
15.3

136,68816.3

126,677
15.4

113,618
14.8

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

2,471
2,545

516
5,697

1,58415,003

1,962
11,384

2,025
3,876

984
2,623

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

144,24514.9

141,852
15.3

121,40813.8

127,265
15.1

124,82615.2

111,980
14.6

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

54,811(9,314)43,3262,369

39,150(526)

43,156(37)

48,485(2,110)43,211(252)

Net income............................................................................................................................

98,74896,15682,784

84,14678,451

69,021

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

11,755

11,986

5,745

8,754

8,574

5,363

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

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

63,6588.3
79.4

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

90

In millions of yen2018

2017

2016

2015

2014

2013

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 ........................

¥ 98,748¥ 96,156¥ 82,784¥ 84,146¥78,451¥69,021(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
—

7,500
—
6,222
—

3,876

(1,327)(2,743)

3,676

6,649

4,402

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

6,819

5,155

(17,626)

36,843

18,98018,124Comprehensive income................................................................................................

105,568

101,31265,157

120,990

97,43187,146Comprehensive income attributable to:
Owners of the parent company .........................................................................
Noncontrolling interests .........................................................................................

93,323
12,24488,78912,522

61,1683,989

110,128
10,861

87,4809,950

80,666
6,480

SECOM Annual Report 2018