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

Contents
Condensed Consolidated Balance Sheets(Based on Japanese GAAP)....................................................... 74
Condensed Consolidated Statements of Income(Based on Japanese GAAP)....................................................... 76
Consolidated Statements of Comprehensive Income(Based on Japanese GAAP)....................................................... 76

SECOM Annual Report 201773

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

In millions of yen

ASSETS2017

201620152014

2013

2012

Current assets:
Cash on hand and in banks ............................................... ¥ 302,364 ¥Cash deposits for armored car services ..............................
130,619—Call loans ..........................................................................
Notes and accounts receivable, trade.................................
119,801
Due from subscribers.........................................................
33,09029,387
Short-term investments .....................................................
Lease receivables and investments in leased assets .............
43,974Merchandise and products ................................................
11,915
Real estate inventories .......................................................
5,223
Work in process ................................................................
4,913
Costs on uncompleted construction contracts ...................
8,979
Work in process for real estate inventories .........................
22,283
Raw materials and supplies................................................
8,385
Deferred income taxes.......................................................
14,003
Short-term loans receivable ...............................................
4,942
23,684
Other ..............................................................................
Allowance for doubtful accounts .......................................
(1,766)
761,804
Total current assets .................................................

228,458 ¥ 232,221 ¥ 210,514 ¥ 175,427 ¥ 182,412
128,267
50,39558,59756,08954,011—
15,50020,50046,50028,000122,048
114,071
115,318
106,638
85,74431,812
26,31625,17424,05924,83034,44828,517
12,955
14,723
19,93639,542
39,242
33,18827,56914,605
13,09914,163
14,186
12,321
9,597
3,527
3,063
33
12,944
9,082
5,557
4,031
4,602
4,526
2,527
9,070
9,460
8,983
7,563
5,671
23,024
21,05815,396
13,34833,276
8,579
7,913
7,573
6,430
5,950
12,72812,80813,254
14,384
11,383
4,086
2,268
2,699
4,158
4,389
27,375
21,111
17,62318,453
13,489(1,883)(1,997)(2,026)(2,302)(1,428)689,744
600,146558,574
542,836
503,479

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

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

97,95566,900104,426
21,464
290,747

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

112,131

119,505

49,41153,59655,07925,043

Investments and others:
Investment securities......................................................
280,974
264,400
284,322
246,233
189,042
177,655
38,40339,40142,90445,70142,33846,197Long-term loans receivable ............................................
Prepaid pension and severance costs..............................
————
19,572
19,130Net defined benefit asset ...............................................
35,28230,79635,01017,612
—
—
9,592
8,602
4,874
13,521
11,711
14,793
Deferred income taxes ...................................................
Other.............................................................................
51,43654,97849,382
48,48643,70642,376
Allowance for doubtful accounts ...................................
(15,990)(15,698)(17,525)(16,352)(16,742)(17,584)
399,698
382,482
398,969
355,203289,629
282,568
Total investments and others ..................................
888,367
878,293
810,541
769,633
706,241
598,359
Total fixed assets.....................................................
Deferred assets ..................................................................
414
26
1732
45
Total assets ............................................................. ¥1,650,176 ¥1,568,052 ¥1,410,715 ¥1,328,226 ¥1,249,110 ¥1,101,884

74

SECOM Annual Report 2017

In millions of yen

LIABILITIES

2017

2016

2015

2014

2013

2012

Current liabilities:
Notes and accounts payable, trade ..................................... ¥ 44,635 ¥ 41,794 ¥ 43,160 ¥ 49,409 ¥ 43,684 ¥ 30,731
44,96955,28344,96552,12042,35047,985
Bank loans .........................................................................
Current portion of straight bonds .......................................
1,460
2,582
1,414
4,640
4,487
5,983
4,752
4,724
503
579
537
354
Lease obligations ................................................................
37,46938,37633,84931,316
31,406
27,627
Payables—other .................................................................
Accrued income taxes ........................................................
27,55722,34121,06327,74429,282
14,688
Accrued consumption taxes................................................
5,765
6,611
12,878
4,151
4,377
3,833
5,315
5,562
4,653
4,625
4,571
4,169
Accrued expenses...............................................................
Deposits received for armored car services ..........................
107,878
101,306
16,945
17,76524,862
21,92030,552
31,38931,34831,02730,88030,834
Deferred revenue ...............................................................
15,447
15,524
14,652
14,437
14,031
12,739Accrued bonuses ................................................................
Provision for loss on construction contracts ........................
2,532
1,397
1,612
1,981
1,714
834
25,596
20,73820,707
16,883
15,691
14,076
Other .................................................................................
353,933
347,633
247,755
256,684
247,879
215,780
Total current liabilities ..............................................
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 ..........................................................

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

9,625
10,7002,884
38,235
8,415
12,585

1,306
22,4281,387
22,816

1,415
18,504

1,635
18,569

2,443
—

2,509
—

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

133,627
2,242
237,091
484,970

127,812
1,817
214,586
430,366

NET ASSETS
Shareholders’ equity:
Common stock................................................................... ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377 ¥ 66,377
80,29780,32680,26583,054
83,054
83,054
Capital surplus ...................................................................
797,493743,353694,688656,286
609,275
565,261Retained earnings ..............................................................
Common stock in treasury, at cost ......................................
(73,731)(73,717)(73,701)(73,682)(73,664)(73,659)
870,437
816,340
767,630
732,036
685,042
641,034
Total shareholders’ equity ........................................

25,125(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)

4,559
(28)
(37,556)—(33,026)

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

121,253

109,859

106,895

100,253

95,11463,509943,144907,341
830,369
764,139
671,517
Total net assets ........................................................ 1,013,253
Total liabilities and net assets ................................... ¥1,650,176 ¥1,568,052 ¥1,410,715 ¥1,328,226 ¥1,249,110 ¥1,101,884

SECOM Annual Report 201775

Financial Section

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 ......

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

In millions of yen2017

2016

2015

2014

2013

2012

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

¥928,098 ¥881,028 ¥840,722 ¥822,228 ¥765,635 ¥679,173
5.3%
4.8%
2.2%
7.4%
12.7%
2.3%

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

621,412
67.0

586,53966.6

557,884
66.4

542,94966.0

504,006
65.8

458,452
67.5

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

306,686
33.0

294,48833.4

282,83733.6

279,278
34.0

261,62934.2

220,720
32.5

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

175,63618.9

165,906
18.8

159,22218.9

159,259
19.4

153,258
20.0

139,642
20.6

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

131,050
14.1

128,582
14.6

123,61514.7

120,018
14.6

108,370
14.2

81,078
11.9

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

22,371
6,388

11,3805,136

18,366
5,293

13,1006,441

11,171
5,922

12,9706,209

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

147,033
15.8

134,826
15.3

136,68816.3

126,677
15.4

113,618
14.8

87,83912.9

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

516
5,697

1,584
15,003

1,96211,384

2,025
3,876

984
2,623

287
11,558

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

141,852
15.3

121,40813.8

127,265
15.1

124,82615.2

111,980
14.6

76,567
11.3

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

43,3262,369

39,150(526)

43,156(37)

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

32,0234,600

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

96,15682,784

84,14678,451

69,021

39,943

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

11,986

5,745

8,754

8,574

5,363

4,454

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

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

35,4895.2(41.7)

Consolidated Statements of Comprehensive Income (Based on Japanese GAAP)SECOM CO., LTD. and Subsidiaries
Years ended March 3176

In millions of yen20172016

20152014

2013

2012

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 ..........

¥ 96,156¥ 82,784¥ 84,146¥78,451¥69,021¥39,943

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
—

2,318
8(2,262)—(1,327)(2,743)

3,676

6,649

4,402

(1,281)

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

5,155(17,626)

36,843

18,98018,124(1,217)

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

101,31265,157

120,990

97,43187,14638,726Comprehensive income attributable to:
Owners of the parent company ..........................................
Noncontrolling interests .....................................................

88,78912,522

61,1683,989

110,128
10,86187,480
9,950

80,666
6,480

34,473
4,253

SECOM Annual Report 2017